IvyRock Asset Management (HK)

SHEUNG WAN, K3files as IvyRock Asset Management (HK) Ltd

$177m in 25 US stocks at the end of 30 June 2026. The top 10 are 97.4% of the money. It changed about 19.3% of the portfolio this quarter.

Value

$177m

Stocks

Top 10 share

97.4%

Turnover

19.3%

What changed this quarter

New

Bought for the first time this quarter.

ServiceNowNOW
0.3% of the fund
MongoDBMDB
0.2% of the fund
Direxion Shares ETF TrustSOXL
0.2% of the fund

Added

Bought more of a stock they already held.

PDD HoldingsPDD
50.6% of the fund
+3%
Alibaba Group HldgBABA
13.4% of the fund
+155%
Circle Internet GroupCRCL
10.0% of the fund
+240%
Ishares Bitcoin Trust ETFIBIT
4.6% of the fund
+48%

Cut

Sold some of their stake.

Advanced Micro DevicesAMD
0.3% of the fund
-33%
Sprott FDS TRURNM
0.1% of the fund
-39%
Intellia TherapeuticsNTLA
<0.1% of the fund
-50%

Sold out

Sold their entire stake.

TeslaTSLA
-100%
ArriVent BioPharmaAVBP
-100%
Vaneck ETF TrustGDX
-100%

Holdings

PDD HoldingsPDD
Share
50.6%
Value
$90m
Shares
1,174,549
+3%
Alibaba Group HldgBABA
Share
13.4%
Value
$24m
Shares
246,700
+155%
Legend BiotechLEGN
Share
13.1%
Value
$23m
Shares
801,000
Held
Circle Internet GroupCRCL
Share
10.0%
Value
$18m
Shares
283,500
+240%
Ishares Bitcoin Trust ETFIBIT
Share
4.6%
Value
$8m
Shares
246,400
+48%
KE HldgsBEKE
Share
3.0%
Value
$5m
Shares
360,000
Held
HuyaHUYA
Share
1.4%
Value
$2m
Shares
1,047,983
Held
Spdr Gold TRGLD
Share
0.6%
Value
$1m
Shares
3,000
Held
Advanced Micro DevicesAMD
Share
0.3%
Value
$580,910
Shares
1,000
-33%
Arrowhead PharmaceuticalsARWR
Share
0.3%
Value
$570,570
Shares
7,000
Held
ServiceNowNOW
Share
0.3%
Value
$546,040
Shares
5,500
New
Cisco SystemsCSCO
Share
0.3%
Value
$528,570
Shares
4,500
Held
MongoDBMDB
Share
0.2%
Value
$436,670
Shares
1,300
New
Global X FDSCOPX
Share
0.2%
Value
$384,850
Shares
5,000
Held
MicrosoftMSFT
Share
0.2%
Value
$373,020
Shares
1,000
Held
SynopsysSNPS
Share
0.2%
Value
$356,856
Shares
800
Held
Direxion Shares ETF TrustSOXL
Share
0.2%
Value
$346,723
Shares
1,300
New
JoyyJOYY
Share
0.2%
Value
$329,950
Shares
5,000
Held
Beam TherapeuticsBEAM
Share
0.2%
Value
$295,152
Shares
8,600
Held
Global X FDSSIL
Share
0.2%
Value
$271,110
Shares
3,500
Held
Sprott FDS TRURNM
Share
0.1%
Value
$210,360
Shares
4,000
-39%
Intellia TherapeuticsNTLA
Share
<0.1%
Value
$169,200
Shares
10,000
-50%
DHT HoldingsDHT
Share
<0.1%
Value
$165,300
Shares
10,000
Held
Prime MedicinePRME
Share
<0.1%
Value
$154,242
Shares
41,800
Held
AtrenewRERE
Share
<0.1%
Value
$77,400
Shares
20,000
Held

Company	Share of fund	Value	Shares	Change
PDD HoldingsPDD	50.6%	$90m	1,174,549	+3%
Alibaba Group HldgBABA	13.4%	$24m	246,700	+155%
Legend BiotechLEGN	13.1%	$23m	801,000	Held
Circle Internet GroupCRCL	10.0%	$18m	283,500	+240%
Ishares Bitcoin Trust ETFIBIT	4.6%	$8m	246,400	+48%
KE HldgsBEKE	3.0%	$5m	360,000	Held
HuyaHUYA	1.4%	$2m	1,047,983	Held
Spdr Gold TRGLD	0.6%	$1m	3,000	Held
Advanced Micro DevicesAMD	0.3%	$580,910	1,000	-33%
Arrowhead PharmaceuticalsARWR	0.3%	$570,570	7,000	Held
ServiceNowNOW	0.3%	$546,040	5,500	New
Cisco SystemsCSCO	0.3%	$528,570	4,500	Held
MongoDBMDB	0.2%	$436,670	1,300	New
Global X FDSCOPX	0.2%	$384,850	5,000	Held
MicrosoftMSFT	0.2%	$373,020	1,000	Held
SynopsysSNPS	0.2%	$356,856	800	Held
Direxion Shares ETF TrustSOXL	0.2%	$346,723	1,300	New
JoyyJOYY	0.2%	$329,950	5,000	Held
Beam TherapeuticsBEAM	0.2%	$295,152	8,600	Held
Global X FDSSIL	0.2%	$271,110	3,500	Held
Sprott FDS TRURNM	0.1%	$210,360	4,000	-39%
Intellia TherapeuticsNTLA	<0.1%	$169,200	10,000	-50%
DHT HoldingsDHT	<0.1%	$165,300	10,000	Held
Prime MedicinePRME	<0.1%	$154,242	41,800	Held
AtrenewRERE	<0.1%	$77,400	20,000	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is down 18.4% since 30 June 2025.

Where the money is

Financial services10.0%

Technology1.6%

Health care0.7%

Industrials0.1%

Other87.6%

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.