VMS Asset Management Limited
HONG KONG, K3
$315m in 33 US stocks at the end of 30 June 2026. The top 10 are 51.6% of the money. It changed about 75.3% of the portfolio this quarter.
Value
$315m
Stocks
33
Top 10 share
51.6%
Turnover
75.3%
What changed this quarter
New
Bought for the first time this quarter.
- Western DigitalWDC6.1% of the fund
- Micron TechnologyMU5.9% of the fund
- Seagate Technology HoldingsSTX5.5% of the fund
- TTM TechnologiesTTMI5.0% of the fund
- IsharesEWY4.9% of the fund
- Marvell TechnologyMRVL3.6% of the fund
- SitimeSITM3.4% of the fund
- Goldman Sachs GroupGS3.2% of the fund
- Vaneck ETF TrustSMH2.7% of the fund
- Palo Alto NetworksPANW2.6% of the fund
- Bloom EnergyBE2.6% of the fund
- STMicroelectronicsSTM2.6% of the fund
- Credo Technology Group HoldingCRDO2.4% of the fund
- CrowdStrike HoldingsCRWD2.4% of the fund
- DatadogDDOG2.3% of the fund
- ARM HoldingsARM2.3% of the fund
- Interactive Brokers GroupIBKR2.1% of the fund
- Advanced Micro DevicesAMD2.1% of the fund
- Ulta BeautyULTA1.8% of the fund
- Ishares TRSOXX1.6% of the fund
- Amkor TechnologyAMKR1.5% of the fund
- Dell TechnologiesDELL1.2% of the fund
- ArganAGX0.7% of the fund
Added
Bought more of a stock they already held.
- SandiskSNDK8.6% of the fund+165%
- Vertiv HoldingsVRT3.7% of the fund+48%
- NvidiaNVDA2.5% of the fund+24%
Cut
Sold some of their stake.
- CorningGLW3.1% of the fund-59%
- Ishares TRIGM2.2% of the fund-41%
- CoherentCOHR2.0% of the fund-68%
- Qnity ElectronicsQ1.8% of the fund-46%
- TeradyneTER1.5% of the fund-43%
- Comfort Systems USAFIX1.5% of the fund-59%
Sold out
Sold their entire stake.
- Lumentum HoldingsLITE-100%
- CienaCIEN-100%
- Invesco QQQ TRQQQ-100%
- State STR Spdr S&P 500 ETF TSPY-100%
- KLAKLAC-100%
- Constellation EnergyCEG-100%
- VistraVST-100%
- Global X FDSSIL-100%
- Talen EnergyTLN-100%
- Advanced Energy IndustriesAEIS-100%
- FabrinetFN-100%
- EntegrisENTG-100%
- Lam ResearchLRCX-100%
Holdings
- IsharesEWY
- Share
- 4.9%
- Value
- $16m
- Shares
- 76,878
New
- Vaneck ETF TrustSMH
- Share
- 2.7%
- Value
- $9m
- Shares
- 13,133
New
- ARM HoldingsARM
- Share
- 2.3%
- Value
- $7m
- Shares
- 20,200
New
- Ishares TRIGM
- Share
- 2.2%
- Value
- $7m
- Shares
- 41,725
-41%
- Ishares TRSOXX
- Share
- 1.6%
- Value
- $5m
- Shares
- 7,890
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| SandiskSNDK | 8.6% | $27m | 11,850 | +165% |
| Western DigitalWDC | 6.1% | $19m | 30,013 | New |
| Micron TechnologyMU | 5.9% | $19m | 16,046 | New |
| Seagate Technology HoldingsSTX | 5.5% | $17m | 17,871 | New |
| TTM TechnologiesTTMI | 5.0% | $16m | 47,730 | New |
| IsharesEWY | 4.9% | $16m | 76,878 | New |
| Taiwan Semiconductor ManufacturingTSM | 4.9% | $15m | 32,105 | Held |
| Vertiv HoldingsVRT | 3.7% | $12m | 34,779 | +48% |
| Marvell TechnologyMRVL | 3.6% | $11m | 38,515 | New |
| SitimeSITM | 3.4% | $11m | 14,375 | New |
| Goldman Sachs GroupGS | 3.2% | $10m | 9,890 | New |
| CorningGLW | 3.1% | $10m | 37,762 | -59% |
| Vaneck ETF TrustSMH | 2.7% | $9m | 13,133 | New |
| Palo Alto NetworksPANW | 2.6% | $8m | 24,050 | New |
| Bloom EnergyBE | 2.6% | $8m | 27,010 | New |
| STMicroelectronicsSTM | 2.6% | $8m | 108,672 | New |
| NvidiaNVDA | 2.5% | $8m | 39,529 | +24% |
| Credo Technology Group HoldingCRDO | 2.4% | $8m | 28,185 | New |
| CrowdStrike HoldingsCRWD | 2.4% | $7m | 9,720 | New |
| DatadogDDOG | 2.3% | $7m | 27,920 | New |
| ARM HoldingsARM | 2.3% | $7m | 20,200 | New |
| Ishares TRIGM | 2.2% | $7m | 41,725 | -41% |
| Interactive Brokers GroupIBKR | 2.1% | $7m | 75,375 | New |
| Advanced Micro DevicesAMD | 2.1% | $7m | 11,257 | New |
| CoherentCOHR | 2.0% | $6m | 16,029 | -68% |
| Ulta BeautyULTA | 1.8% | $6m | 38,965 | New |
| Qnity ElectronicsQ | 1.8% | $6m | 33,790 | -46% |
| Ishares TRSOXX | 1.6% | $5m | 7,890 | New |
| TeradyneTER | 1.5% | $5m | 9,951 | -43% |
| Amkor TechnologyAMKR | 1.5% | $5m | 53,049 | New |
| Comfort Systems USAFIX | 1.5% | $5m | 2,306 | -59% |
| Dell TechnologiesDELL | 1.2% | $4m | 9,086 | New |
| ArganAGX | 0.7% | $2m | 2,632 | New |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 21.3% since 31 December 2025.
Where the money is
Technology73.1%
Industrials8.4%
Financial services5.3%
Retail & consumer1.8%
Other11.4%
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.