Aspex Management (hk) Ltd 13F annual report
Aspex Management (hk) Ltd is an investment fund managing more than $4.57 billion ran by Fong, Bonnie. There are currently 32 companies in Bonnie’s portfolio. The largest investments include Marvell Technology Inc and Teradyne, together worth $714 million.
$4.57 billion Assets Under Management (AUM)
As of 7th August 2024, Aspex Management (hk) Ltd’s top holding is 5,680,656 shares of Marvell Technology Inc currently worth over $397 million and making up 8.7% of the portfolio value.
Relative to the number of outstanding shares of Marvell Technology Inc, Aspex Management (hk) Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 2,140,519 shares of Teradyne worth $317 million, whose value grew 21.0% in the past six months.
The third-largest holding is Sea Ltd worth $306 million and the next is Futu Hldgs Ltd worth $292 million, with 4,444,804 shares owned.
Currently, Aspex Management (hk) Ltd's portfolio is worth at least $4.57 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Aspex Management (hk) Ltd
The Aspex Management (hk) Ltd office and employees reside in Central, Hong Kong. According to the last 13-F report filed with the SEC, Fong, Bonnie serves as the Authorized Signatory at Aspex Management (hk) Ltd.
Recent trades
In the most recent 13F filing, Aspex Management (hk) Ltd revealed that it had opened a new position in
New Oriental Ed Technology and bought 3,239,700 shares worth $252 million.
The investment fund also strengthened its position in Marvell Technology Inc by buying
242,992 additional shares.
This makes their stake in Marvell Technology Inc total 5,680,656 shares worth $397 million.
Marvell Technology Inc soared 7.5% in the past year.
On the other hand, there are companies that Aspex Management (hk) Ltd is getting rid of from its portfolio.
Aspex Management (hk) Ltd closed its position in Coherent Corp on 13th August 2024.
It sold the previously owned 893,553 shares for $54.2 million.
Fong, Bonnie also disclosed a decreased stake in Sea Ltd by 0.4%.
This leaves the value of the investment at $306 million and 4,282,103 shares.
One of the smallest hedge funds
The two most similar investment funds to Aspex Management (hk) Ltd are Brummer Multi-strategy Ab and Harvest Fund Advisors. They manage $4.56 billion and $4.55 billion respectively.
Fong, Bonnie investment strategy
Aspex Management (hk) Ltd’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 40.2% of
the total portfolio value.
The fund focuses on investments in the United States as
31.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $47.6 billion.
The complete list of Aspex Management (hk) Ltd trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Marvell Technology Inc |
4.47%
5,680,656
|
$397,078,000 | 8.69% |
| Teradyne, Inc. |
21.65%
2,140,519
|
$317,418,000 | 6.95% |
| Sea Ltd |
42.36%
4,282,103
|
$305,828,000 | 6.69% |
| Futu Hldgs Ltd |
3.11%
4,444,804
|
$291,601,000 | 6.38% |
| New Oriental Ed Technology |
Opened
3,239,700
|
$251,822,000 | 5.51% |
| Dell Technologies Inc |
192.52%
1,746,643
|
$240,880,000 | 5.27% |
| DoorDash Inc |
2.64%
2,045,852
|
$222,548,000 | 4.87% |
| PDD Holdings Inc |
135.54%
1,531,867
|
$203,662,000 | 4.46% |
| Las Vegas Sands Corp |
63.07%
4,491,788
|
$198,762,000 | 4.35% |
| Lam Research Corp. |
13.52%
184,961
|
$196,956,000 | 4.31% |
| NetEase Inc |
32.63%
1,994,434
|
$190,628,000 | 4.17% |
| Tencent Music Entmt Group |
25.20%
13,474,261
|
$189,313,000 | 4.14% |
| Micron Technology Inc. |
48.21%
1,360,673
|
$178,969,000 | 3.92% |
| Qifu Technology Inc. |
8.40%
7,905,491
|
$155,975,000 | 3.41% |
| Western Digital Corp. |
Opened
2,043,922
|
$154,868,000 | 3.39% |
| Qualcomm, Inc. |
31.55%
773,445
|
$154,055,000 | 3.37% |
| Li Auto Inc. |
428.11%
6,865,463
|
$122,754,000 | 2.69% |
| Freeport-McMoRan Inc |
No change
2,521,903
|
$122,564,000 | 2.68% |
| TAL Education Group |
Opened
11,351,592
|
$121,121,000 | 2.65% |
| Zto Express Cayman Inc |
22.20%
5,215,204
|
$108,215,000 | 2.37% |
| Atour Lifestyle Hldgs Ltd |
56.05%
5,500,687
|
$100,938,000 | 2.21% |
| Gds Hldgs Ltd |
No change
8,773,031
|
$81,501,000 | 1.78% |
| Maplebear Inc |
Opened
2,439,507
|
$78,406,000 | 1.72% |
| Coherent Corp |
Closed
893,553
|
$54,167,000 | |
| Kanzhun Limited |
No change
2,821,520
|
$53,073,000 | 1.16% |
| HDFC Bank Ltd. |
81.43%
726,915
|
$46,762,000 | 1.02% |
| JD.com Inc |
Opened
1,474,715
|
$38,107,000 | 0.83% |
| Rlx Technology Inc |
No change
12,123,409
|
$22,307,000 | 0.49% |
| Lanvin Group Holdings Limite |
No change
4,500,000
|
$8,055,000 | 0.18% |
| Webtoon Entmt Inc |
Opened
300,000
|
$6,849,000 | 0.15% |
| VNET Group Inc |
No change
2,964,552
|
$6,211,000 | 0.14% |
| Prenetics Global Ltd |
No change
346,150
|
$2,049,000 | 0.04% |
| Smart Sh Global Ltd |
Closed
1,305,503
|
$858,000 | |
| Vicarious Surgical Inc |
96.67%
86,666
|
$509,000 | 0.01% |
| Yatsen Hldg Ltd |
Closed
2
|
$0 | |
| No transactions found | |||
| Showing first 500 out of 35 holdings | |||
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