HCEP Management
HONG KONG, K3files as HCEP Management Ltd
$61m in 4 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 30.4% of the portfolio this quarter.
Value
$61m
Stocks
4
Top 10 share
100.0%
Turnover
30.4%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Taiwan Semiconductor ManufacturingTSM63.7% of the fund+3%
Cut
Sold some of their stake.
- Alibaba Group HldgBABA14.7% of the fund-54%
- Miniso Group HldgMNSO11.6% of the fund-37%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Alibaba Group HldgBABA
- Share
- 14.7%
- Value
- $9m
- Shares
- 93,963
-54%
- Miniso Group HldgMNSO
- Share
- 11.6%
- Value
- $7m
- Shares
- 588,297
-37%
- Proshares TR IIUVXY
- Share
- 10.0%
- Value
- $6m
- Shares
- 247,188
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 63.7% | $39m | 81,800 | +3% |
| Alibaba Group HldgBABA | 14.7% | $9m | 93,963 | -54% |
| Miniso Group HldgMNSO | 11.6% | $7m | 588,297 | -37% |
| Proshares TR IIUVXY | 10.0% | $6m | 247,188 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 50.7% since 30 June 2025.
Where the money is
Technology63.7%
Other36.3%
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.