Long Corridor Asset Management Ltd Diversified Active

CIK: 0001845501 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $1,543,729 (11.7% shares, 88.3% debt)

Holdings (20)

New Positions (3)

— MARA HOLDINGS INC 86.8%

Value ($000) $1,339,200 Shares 16,000,000 Est. Cost $83.70 Unrealized —

FOX FOX CORP 0.4%

Value ($000) $5,800 Shares 89,330 Est. Cost $58.38 Unrealized 0.0%

COYA COYA THERAPEUTICS INC 0.0%

Value ($000) $225 Shares 38,766 Est. Cost $6.08 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MARA HOLDINGS INC	16,000,000	$1,339,200	86.8%	$83.70	—	NOTE 6/0	565788AH9
FOX	FOX CORP	89,330	$5,800	0.4%	$58.38	0.0%	CL B COM	35137L204
COYA	COYA THERAPEUTICS INC	38,766	$225	0.0%	$6.08	0.0%	COMMON STOCK	22407B108

Increased Positions (5)

— STRATEGY INC 1.1%

Value ($000) $16,658 (-37.8%) Shares 15,000,000 (+900.0%) Est. Cost $1.21 Unrealized —

HSAI HESAI GROUP 0.5%

Value ($000) $8,288 (+194.9%) Shares 370,000 (+270.0%) Est. Cost $23.94 Unrealized —

UBER UBER TECHNOLOGIES INC 1.2%

Value ($000) $18,238 (+11.3%) Shares 223,200 (+33.5%) Est. Cost $78.32 Unrealized +15.0%

META META PLATFORMS INC 1.9%

Value ($000) $29,902 (-3.7%) Shares 45,300 (+7.1%) Est. Cost $278.68 Unrealized +139.5%

RBLX ROBLOX CORP 0.9%

Value ($000) $13,581 (+1.3%) Shares 167,600 (+73.1%) Est. Cost $84.69 Unrealized +25.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	STRATEGY INC	15,000,000 (+900.0%)	$16,658 (-37.8%)	1.1%	$1.21	—	NOTE 2.250% 6/1	594972AN1
HSAI	HESAI GROUP	370,000 (+270.0%)	$8,288 (+194.9%)	0.5%	$23.94	—	SPONSORED ADS	428050108
UBER	UBER TECHNOLOGIES INC	223,200 (+33.5%)	$18,238 (+11.3%)	1.2%	$78.32	+15.0%	COM	90353T100
META	META PLATFORMS INC	45,300 (+7.1%)	$29,902 (-3.7%)	1.9%	$278.68	+139.5%	CL A	30303M102
RBLX	ROBLOX CORP	167,600 (+73.1%)	$13,581 (+1.3%)	0.9%	$84.69	+25.4%	CL A	771049103

Exited Positions (6)

— NIO INC 0.7%

Value ($000) $11,216 Shares 10,500,000 Est. Cost $0.71 Unrealized —

INCY INCYTE CORP 0.3%

Value ($000) $4,241 Shares 50,000 Est. Cost $71.25 Unrealized +35.8%

ARM ARM HOLDINGS PLC 0.3%

Value ($000) $4,075 Shares 28,800 Est. Cost $141.49 Unrealized —

SBET SHARPLINK GAMING INC 0.1%

Value ($000) $1,871 Shares 110,000 Est. Cost $19.64 Unrealized -37.8%

CHA CHAGEE HLDGS LTD 0.1%

Value ($000) $1,097 Shares 66,300 Est. Cost $26.11 Unrealized —

TMUS T-MOBILE US INC 0.0%

Value ($000) $646 Shares 2,700 Est. Cost $240.31 Unrealized -12.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	NIO INC	10,500,000	$11,216	0.7%	$0.71	—	—	62914VAJ5
INCY	INCYTE CORP	50,000	$4,241	0.3%	$71.25	+35.8%	—	45337C102
ARM	ARM HOLDINGS PLC	28,800	$4,075	0.3%	$141.49	—	—	042068205
SBET	SHARPLINK GAMING INC	110,000	$1,871	0.1%	$19.64	-37.8%	—	820014405
CHA	CHAGEE HLDGS LTD	66,300	$1,097	0.1%	$26.11	—	—	15743P104
TMUS	T-MOBILE US INC	2,700	$646	0.0%	$240.31	-12.1%	—	872590104

Decreased Positions (7)

ATHM AUTOHOME INC 0.2%

Value ($000) $2,992 (-75.1%) Shares 134,423 (-68.0%) Est. Cost $26.91 Unrealized —

NYT NEW YORK TIMES CO 0.2%

Value ($000) $2,867 (-68.3%) Shares 41,300 (-73.8%) Est. Cost $51.30 Unrealized +20.5%

GOOGL ALPHABET INC 2.9%

Value ($000) $45,072 (+12.4%) Shares 144,000 (-12.7%) Est. Cost $146.68 Unrealized +94.7%

AXP AMERICAN EXPRESS CO 1.7%

Value ($000) $25,527 (-11.7%) Shares 69,000 (-20.7%) Est. Cost $253.29 Unrealized +40.9%

GDS GDS HLDGS LTD 0.0%

Value ($000) $608 (-81.5%) Shares 17,425 (-79.5%) Est. Cost $38.70 Unrealized —

ONC BEONE MEDICINES LTD 0.2%

Value ($000) $2,349 (-30.4%) Shares 7,731 (-21.9%) Est. Cost $216.37 Unrealized —

AMZN AMAZON COM INC 0.8%

Value ($000) $12,499 (+3.5%) Shares 54,150 (-1.5%) Est. Cost $210.83 Unrealized +8.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ATHM	AUTOHOME INC	134,423 (-68.0%)	$2,992 (-75.1%)	0.2%	$26.91	—	SP ADS RP CL A	05278C107
NYT	NEW YORK TIMES CO	41,300 (-73.8%)	$2,867 (-68.3%)	0.2%	$51.30	+20.5%	CL A	650111107
GOOGL	ALPHABET INC	144,000 (-12.7%)	$45,072 (+12.4%)	2.9%	$146.68	+94.7%	CAP STK CL A	02079K305
AXP	AMERICAN EXPRESS CO	69,000 (-20.7%)	$25,527 (-11.7%)	1.7%	$253.29	+40.9%	COM	025816109
GDS	GDS HLDGS LTD	17,425 (-79.5%)	$608 (-81.5%)	0.0%	$38.70	—	SPONSORED ADS	36165L108
ONC	BEONE MEDICINES LTD	7,731 (-21.9%)	$2,349 (-30.4%)	0.2%	$216.37	—	SPONSORED ADS	07725L102
AMZN	AMAZON COM INC	54,150 (-1.5%)	$12,499 (+3.5%)	0.8%	$210.83	+8.5%	COM	023135106

Unchanged Positions (5)

— NIO INC 0.5%

Value ($000) $7,523 Shares 8,500,000 Est. Cost $0.68 Unrealized —

ZLAB ZAI LAB LTD 0.1%

Value ($000) $1,161 Shares 65,800 Est. Cost $33.89 Unrealized —

CCL CARNIVAL CORP 0.5%

Value ($000) $7,635 Shares 250,000 Est. Cost $21.40 Unrealized +30.3%

MNSO MINISO GROUP HLDG LTD 0.1%

Value ($000) $1,973 Shares 105,250 Est. Cost $22.50 Unrealized —

BIDU BAIDU INC 0.1%

Value ($000) $1,633 Shares 12,500 Est. Cost $131.77 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	NIO INC	8,500,000	$7,523	0.5%	$0.68	—	NOTE 4.625%10/1	62914VAK2
ZLAB	ZAI LAB LTD	65,800	$1,161	0.1%	$33.89	—	ADR	98887Q104
CCL	CARNIVAL CORP	250,000	$7,635	0.5%	$21.40	+30.3%	UNIT 99/99/9999	143658300
MNSO	MINISO GROUP HLDG LTD	105,250	$1,973	0.1%	$22.50	—	SPONSORED ADS	66981J102
BIDU	BAIDU INC	12,500	$1,633	0.1%	$131.77	—	SPON ADR REP A	056752108