Q Fund Management (Hong Kong)
HONG KONG, K3files as Q Fund Management (Hong Kong) Ltd
$110m in 26 US stocks at the end of 30 June 2026. The top 10 are 96.4% of the money. It changed about 78.0% of the portfolio this quarter.
Value
$110m
Stocks
26
Top 10 share
96.4%
Turnover
78.0%
What changed this quarter
New
Bought for the first time this quarter.
- Marvell TechnologyMRVL17.8% of the fund
- Astera LabsALAB12.6% of the fund
- Micron TechnologyMU11.2% of the fund
- Advanced Micro DevicesAMD10.1% of the fund
- Applied MaterialsAMAT5.5% of the fund
- M-tron IndustriesMPTI0.9% of the fund
- TwilioTWLO0.8% of the fund
- AlphabetGOOG0.6% of the fund
- AdobeADBE<0.1% of the fund
- Dominos PizzaDPZ<0.1% of the fund
- Select Sector Spdr TRXLE<0.1% of the fund
Added
Bought more of a stock they already held.
- IntelINTC14.9% of the fund+367%
- Bloom EnergyBE7.5% of the fund+535%
- PDD HoldingsPDD0.3% of the fund+13%
- lululemon athleticaLULU<0.1% of the fund+300%
Cut
Sold some of their stake.
- SandiskSNDK13.7% of the fund-36%
- Lumentum HoldingsLITE0.7% of the fund-95%
- Amazon.comAMZN0.1% of the fund-50%
- AlphabetGOOGL<0.1% of the fund-92%
Sold out
Sold their entire stake.
Holdings
- Ishares TRIEF
- Share
- 2.2%
- Value
- $2m
- Shares
- 25,000
Held
- PDD HoldingsPDD
- Share
- 0.3%
- Value
- $343,260
- Shares
- 4,500
+13%
- Ishares TRTLT
- Share
- <0.1%
- Value
- $86,420
- Shares
- 1,000
Held
- Select Sector Spdr TRXLE
- Share
- <0.1%
- Value
- $21,244
- Shares
- 400
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Marvell TechnologyMRVL | 17.8% | $19m | 65,400 | New |
| IntelINTC | 14.9% | $16m | 116,840 | +367% |
| SandiskSNDK | 13.7% | $15m | 6,600 | -36% |
| Astera LabsALAB | 12.6% | $14m | 28,500 | New |
| Micron TechnologyMU | 11.2% | $12m | 10,600 | New |
| Advanced Micro DevicesAMD | 10.1% | $11m | 19,100 | New |
| Bloom EnergyBE | 7.5% | $8m | 27,300 | +535% |
| Applied MaterialsAMAT | 5.5% | $6m | 8,400 | New |
| Ishares TRIEF | 2.2% | $2m | 25,000 | Held |
| M-tron IndustriesMPTI | 0.9% | $991,500 | 10,000 | New |
| TwilioTWLO | 0.8% | $858,333 | 4,160 | New |
| Lumentum HoldingsLITE | 0.7% | $806,576 | 940 | -95% |
| AlphabetGOOG | 0.6% | $706,660 | 2,000 | New |
| PDD HoldingsPDD | 0.3% | $343,260 | 4,500 | +13% |
| Occidental PetroleumOXY | 0.3% | $291,420 | 6,000 | Held |
| Uber TechnologiesUBER | 0.3% | $288,640 | 4,000 | Held |
| NikeNKE | 0.1% | $123,150 | 3,000 | Held |
| Amazon.comAMZN | 0.1% | $119,170 | 500 | -50% |
| lululemon athleticaLULU | <0.1% | $91,344 | 800 | +300% |
| Ishares TRTLT | <0.1% | $86,420 | 1,000 | Held |
| AlphabetGOOGL | <0.1% | $71,474 | 200 | -92% |
| AdobeADBE | <0.1% | $41,004 | 200 | New |
| DiageoDEO | <0.1% | $40,190 | 500 | Held |
| MicrosoftMSFT | <0.1% | $37,302 | 100 | Held |
| Dominos PizzaDPZ | <0.1% | $29,604 | 100 | New |
| Select Sector Spdr TRXLE | <0.1% | $21,244 | 400 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 39.8% since 30 June 2025.
Where the money is
Technology88.3%
Industrials7.8%
Media & telecom0.7%
Retail & consumer0.3%
Energy0.3%
Everyday goods0.0%
Other2.6%
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.