Bright Valley Capital
HONG KONG, K3files as BRIGHT VALLEY CAPITAL Ltd
$349m in 11 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 73.0% of the portfolio this quarter.
Value
$349m
Stocks
11
Top 10 share
100.0%
Turnover
73.0%
What changed this quarter
New
Bought for the first time this quarter.
- Atour Lifestyle HldgsATAT9.3% of the fund
- SandiskSNDK8.0% of the fund
- Roundhill ETF TrustDRAM5.3% of the fund
- ACM ResearchACMR4.3% of the fund
- Futu HldgsFUTU2.2% of the fund
- NokiaNOK0.9% of the fund
- Finvolution GroupFINV<0.1% of the fund
Added
Bought more of a stock they already held.
- IntelINTC62.8% of the fund+264%
Cut
Sold some of their stake.
- JoyyJOYY3.7% of the fund-36%
- Vipshop HldgsVIPS1.8% of the fund-73%
Sold out
Sold their entire stake.
- New Oriental Education & Technology GroupEDU-100%
- Spdr Gold TRGLD-100%
- Staar SurgicalSTAA-100%
- Lumentum HoldingsLITE-100%
- Dingdong CaymanDDL-100%
- Full Truck AllianceYMM-100%
- Lexinfintech HldgsLX-100%
Holdings
- Atour Lifestyle HldgsATAT
- Share
- 9.3%
- Value
- $32m
- Shares
- 1,017,508
New
- Roundhill ETF TrustDRAM
- Share
- 5.3%
- Value
- $18m
- Shares
- 250,000
New
- JoyyJOYY
- Share
- 3.7%
- Value
- $13m
- Shares
- 198,000
-36%
- Futu HldgsFUTU
- Share
- 2.2%
- Value
- $8m
- Shares
- 81,500
New
- Vipshop HldgsVIPS
- Share
- 1.8%
- Value
- $6m
- Shares
- 480,000
-73%
- Douyu Intl HldgsDOYU
- Share
- 1.8%
- Value
- $6m
- Shares
- 1,334,229
Held
- NokiaNOK
- Share
- 0.9%
- Value
- $3m
- Shares
- 223,500
New
- Finvolution GroupFINV
- Share
- <0.1%
- Value
- $15,180
- Shares
- 3,169
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| IntelINTC | 62.8% | $219m | 1,567,500 | +264% |
| Atour Lifestyle HldgsATAT | 9.3% | $32m | 1,017,508 | New |
| SandiskSNDK | 8.0% | $28m | 12,200 | New |
| Roundhill ETF TrustDRAM | 5.3% | $18m | 250,000 | New |
| ACM ResearchACMR | 4.3% | $15m | 118,000 | New |
| JoyyJOYY | 3.7% | $13m | 198,000 | -36% |
| Futu HldgsFUTU | 2.2% | $8m | 81,500 | New |
| Vipshop HldgsVIPS | 1.8% | $6m | 480,000 | -73% |
| Douyu Intl HldgsDOYU | 1.8% | $6m | 1,334,229 | Held |
| NokiaNOK | 0.9% | $3m | 223,500 | New |
| Finvolution GroupFINV | <0.1% | $15,180 | 3,169 | New |
Options (10)
- Ishares TRSOXX
- Type
- Put
- Value
- $60m
- Contracts
- 94,000
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $52m
- Contracts
- 70,000
- IntelINTC
- Type
- Call
- Value
- $49m
- Contracts
- 350,000
- NvidiaNVDA
- Type
- Put
- Value
- $40m
- Contracts
- 200,000
- NetflixNFLX
- Type
- Put
- Value
- $32m
- Contracts
- 450,000
- PDD HoldingsPDD
- Type
- Call
- Value
- $23m
- Contracts
- 295,000
- Applied MaterialsAMAT
- Type
- Call
- Value
- $13m
- Contracts
- 18,000
- Netease.comNTES
- Type
- Call
- Value
- $6m
- Contracts
- 50,000
- MicrosoftMSFT
- Type
- Put
- Value
- $2m
- Contracts
- 5,000
- Futu HldgsFUTU
- Type
- Call
- Value
- $749,920
- Contracts
- 8,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares TRSOXX | Put | $60m | 94,000 |
| Invesco QQQ TRQQQ | Put | $52m | 70,000 |
| IntelINTC | Call | $49m | 350,000 |
| NvidiaNVDA | Put | $40m | 200,000 |
| NetflixNFLX | Put | $32m | 450,000 |
| PDD HoldingsPDD | Call | $23m | 295,000 |
| Applied MaterialsAMAT | Call | $13m | 18,000 |
| Netease.comNTES | Call | $6m | 50,000 |
| MicrosoftMSFT | Put | $2m | 5,000 |
| Futu HldgsFUTU | Call | $749,920 | 8,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 211.4% since 30 June 2025.
Where the money is
Technology70.7%
Industrials4.3%
Other25.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.