Brilliance Asset Management
ADMIRALTY, HONG KONG, K3files as BRILLIANCE ASSET MANAGEMENT LTD
$339m in 11 US stocks at the end of 30 June 2026. The top 10 are 98.9% of the money. It changed about 33.0% of the portfolio this quarter.
Value
$339m
Stocks
11
Top 10 share
98.9%
Turnover
33.0%
What changed this quarter
New
Bought for the first time this quarter.
- Meta PlatformsMETA6.8% of the fund
- Joint Stock Co Kaspi.kzKSPI1.2% of the fund
Added
Bought more of a stock they already held.
- PDD HoldingsPDD35.1% of the fund+122%
- Full Truck AllianceYMM24.2% of the fund+55%
- Taiwan Semiconductor ManufacturingTSM2.5% of the fund+122%
- Trip COM GroupTCOM1.1% of the fund+6%
Cut
Sold some of their stake.
- Texas InstrumentsTXN3.7% of the fund-25%
- Amazon.comAMZN2.9% of the fund-38%
- NvidiaNVDA1.2% of the fund-52%
Sold out
Sold their entire stake.
- Onto InnovationONTO-100%
- Amer SportsAS-100%
- AlphabetGOOG-100%
- Futu HldgsFUTU-100%
- ZTO Express CaymanZTO-100%
- Unity SoftwareU-100%
- Alibaba Group HldgBABA-100%
Holdings
- PDD HoldingsPDD
- Share
- 35.1%
- Value
- $119m
- Shares
- 1,562,304
+122%
- Full Truck AllianceYMM
- Share
- 24.2%
- Value
- $82m
- Shares
- 10,127,735
+55%
- Lexinfintech HldgsLX
- Share
- 2.2%
- Value
- $7m
- Shares
- 3,800,265
Held
- Trip COM GroupTCOM
- Share
- 1.1%
- Value
- $4m
- Shares
- 95,211
+6%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| PDD HoldingsPDD | 35.1% | $119m | 1,562,304 | +122% |
| Full Truck AllianceYMM | 24.2% | $82m | 10,127,735 | +55% |
| KanzhunBZ | 19.0% | $64m | 5,007,947 | Held |
| Meta PlatformsMETA | 6.8% | $23m | 41,137 | New |
| Texas InstrumentsTXN | 3.7% | $13m | 34,511 | -25% |
| Amazon.comAMZN | 2.9% | $10m | 40,877 | -38% |
| Taiwan Semiconductor ManufacturingTSM | 2.5% | $8m | 17,771 | +122% |
| Lexinfintech HldgsLX | 2.2% | $7m | 3,800,265 | Held |
| NvidiaNVDA | 1.2% | $4m | 18,206 | -52% |
| Joint Stock Co Kaspi.kzKSPI | 1.2% | $4m | 46,855 | New |
| Trip COM GroupTCOM | 1.1% | $4m | 95,211 | +6% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 120.9% since 30 June 2025.
Where the money is
Technology27.6%
Media & telecom6.8%
Retail & consumer2.9%
Other62.7%
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.