Tree Line Advisors (Hong Kong)
CENTRAL, K3files as Tree Line Advisors (Hong Kong) Ltd.
$351m in 3 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 12.6% of the portfolio this quarter.
Value
$351m
Stocks
3
Top 10 share
100.0%
Turnover
12.6%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- CoupangCPNG19.3% of the fund+18%
Cut
Sold some of their stake.
- Nebius GroupNBIS55.1% of the fund-35%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- SeaSE
- Share
- 25.7%
- Value
- $90m
- Shares
- 940,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Nebius GroupNBIS | 55.1% | $193m | 700,000 | -35% |
| SeaSE | 25.7% | $90m | 940,000 | Held |
| CoupangCPNG | 19.3% | $68m | 3,900,000 | +18% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 8.6% since 30 June 2025.
Where the money is
Technology55.1%
Retail & consumer19.3%
Other25.7%
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.