Aspex Management (HK) Ltd

CIK 0001768375 · Q1 2026

13F Equity AUM

$6.9M

+39.6% QoQ

Positions

+5 QoQ

AUM Rank

#11,667

Top 94%

Skill Alpha (FF)

+8.5%/yr^ns

No Clear Edge

Rank #366 · Top 5%

vs S&P -0.4%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 53.8%Top 10: 78.1%Top 20: 98.7%

SNPS15.3%

NVDA13.1%

FUTU9.1%

CVNA8.3%

CRWV8.0%

SE5.8%

MKSI5.1%

GLW5.0%

CPNG4.4%

AS4.0%

Others (19)21.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology53.6%

Consumer Cyclical27.2%

Financial Services13.4%

Consumer Defensive4.0%

Other1.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 29Median: 2.08%Avg: 3.45%

0–0.5%

8(0.7%)

0.5–1%

2(1.5%)

1–3%

7(12.8%)

3–5%

4(15.2%)

5%+

8(69.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 23Unique: 6vs 20 funds

0.3%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.4%

BANK OF AMERICA CORP /DE/

0.5%

0.5%

0.6%

0.4%

0.6%

GEODE CAPITAL MANAGEMENT, LLC

0.5%

VANGUARD CAPITAL MANAGEMENT LLC

0.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased6Decreased5Exited1

New Positions

CVNA8.3%

+1.8M

CRWV8.0%

+7.1M

MKSI5.1%

+1.5M

GLW5.0%

+2.5M

CPNG4.4%

+16.0M

CLV1.7%

+2.3M

Increased

GRABW3.1%

+3.4M(+6%)

NVDA13.1%

+2.3M(+80%)

SE5.8%

+1.5M(+44%)

FUTU9.1%

+1.2M(+36%)

AS4.0%

+675K(+9%)

SNPS15.3%

+544K(+26%)

Decreased

YMM2.6%

-1,972,599(-8%)

TER2.2%

-525,768(-51%)

N1UA3.7%

-492,320(-10%)

LITE2.1%

-478,017(-70%)

ATAT1.9%

-5,118(-0%)

Exited

PDD

-3,109,525

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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