Springs Capital (hong Kong) Ltd 13F annual report
Springs Capital (hong Kong) Ltd is an investment fund managing more than $60.3 million ran by David Lau. There are currently 12 companies in Mr. Lau’s portfolio. The largest investments include Jinkosolar Hldg Co Ltd and KE, together worth $48.8 million.
$60.3 million Assets Under Management (AUM)
As of 7th November 2022, Springs Capital (hong Kong) Ltd’s top holding is 694,469 shares of Jinkosolar Hldg Co Ltd currently worth over $38.5 million and making up 63.8% of the portfolio value.
In addition, the fund holds 591,261 shares of KE worth $10.4 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Yum China Inc worth $4.68 million and the next is Pinduoduo Inc worth $1.44 million, with 23,000 shares owned.
Currently, Springs Capital (hong Kong) Ltd's portfolio is worth at least $60.3 million. 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 Springs Capital (hong Kong) Ltd
The Springs Capital (hong Kong) Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, David Lau serves as the Chief Compliance Officer at Springs Capital (hong Kong) Ltd.
Recent trades
In the most recent 13F filing, Springs Capital (hong Kong) Ltd revealed that it had opened a new position in
Microsoft and bought 3,500 shares worth $815 thousand.
This means they effectively own approximately 0.1% of the company.
Microsoft makes up
63.2%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Jinkosolar Hldg Co Ltd by buying
142,093 additional shares.
This makes their stake in Jinkosolar Hldg Co Ltd total 694,469 shares worth $38.5 million.
On the other hand, there are companies that Springs Capital (hong Kong) Ltd is getting rid of from its portfolio.
Springs Capital (hong Kong) Ltd closed its position in Taiwan Semiconductor Mfg Ltd on 14th November 2022.
It sold the previously owned 16,000 shares for $1.31 million.
David Lau also disclosed a decreased stake in Kanzhun Limited by 0.1%.
This leaves the value of the investment at $1.1 million and 65,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Springs Capital (hong Kong) Ltd are Aegis Financial Corp and Red Cedar Management, L.P.. They manage $60.3 million and $60.3 million respectively.
David Lau investment strategy
Springs Capital (hong Kong) Ltd’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Real Estate — making up 17.2% of
the total portfolio value.
The fund focuses on investments in the China as
25.0% of the portfolio companies
are based in the China.
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
67% 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 $399 billion.
The complete list of Springs Capital (hong Kong) Ltd trades based on 13F SEC filings
These positions were updated on November 14th 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 |
|---|---|---|---|
| Jinkosolar Hldg Co Ltd |
25.72%
694,469
|
$38,467,000 | 63.83% |
| KE Holdings Inc. |
209.14%
591,261
|
$10,359,000 | 17.19% |
| Yum China Holdings Inc |
No change
98,924
|
$4,682,000 | 7.77% |
| Pinduoduo Inc |
100.00%
23,000
|
$1,439,000 | 2.39% |
| Taiwan Semiconductor Mfg Ltd |
Closed
16,000
|
$1,308,000 | |
| Kanzhun Limited |
13.33%
65,000
|
$1,097,000 | 1.82% |
| Zto Express Cayman Inc |
No change
40,000
|
$961,000 | 1.59% |
| Microsoft Corporation |
Opened
3,500
|
$815,000 | 1.35% |
| Amazon.com Inc. |
Opened
6,500
|
$735,000 | 1.22% |
| Sea Ltd |
29.41%
12,000
|
$673,000 | 1.12% |
| Advanced Micro Devices Inc. |
Opened
7,500
|
$475,000 | 0.79% |
| Grab Holdings Limited |
46.65%
160,088
|
$421,000 | 0.70% |
| Tuya Inc. |
Closed
135,784
|
$356,000 | |
| Lululemon Athletica inc. |
Opened
500
|
$140,000 | 0.23% |
| No transactions found | |||
| Showing first 500 out of 14 holdings | |||
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