Alpine Investment Management Ltd Hedge Fund

Location: Hong Kong

CIK: 0001964631 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 14, 2025

Total Value: $456M (100.0% shares, 0.0% debt)

Holdings (10)

— TAIWAN SEMICONDUCTOR MFG LTD 34.6%

Value $158M Shares 9,500 Est. Cost — Unrealized —

— PDD HOLDINGS INC 28.6%

Value $130M Shares 11,000 Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 10.0%

Value $45.65M Shares 275,000 Est. Cost $183.18 Unrealized —

JOYY JOYY INC 9.2%

Value $41.98M Shares 1,000,000 Est. Cost $41.98 Unrealized —

— ALIBABA GROUP HLDG LTD 5.8%

Value $26.45M Shares 2,000 Est. Cost — Unrealized —

— MICROSTRATEGY INC 3.8%

Value $17.3M Shares 600 Est. Cost — Unrealized —

— TAIWAN SEMICONDUCTOR MFG LTD 3.6%

Value $16.6M Shares 1,000 Est. Cost — Unrealized —

ZGN ERMENEGILDO ZEGNA N V 2.2%

Value $10.18M Shares 1,375,716 Est. Cost $8.20 Unrealized +0.6%

MOMO HELLO GROUP INC 2.1%

Value $9.788M Shares 1,551,200 Est. Cost $8.69 Unrealized —

WB WEIBO CORP 0.0%

Value $25,332 Shares 2,675 Est. Cost $9.47 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	TAIWAN SEMICONDUCTOR MFG LTD	9,500	$158M	34.6%	—	—	Call	874039900
—	PDD HOLDINGS INC	11,000	$130M	28.6%	—	—	Call	722304902
TSM	TAIWAN SEMICONDUCTOR MFG LTD	275,000	$45.65M	10.0%	$183.18	—	SPONSORED ADS	874039100
JOYY	JOYY INC	1,000,000	$41.98M	9.2%	$41.98	—	ADS REPSTG COM A	46591M109
—	ALIBABA GROUP HLDG LTD	2,000	$26.45M	5.8%	—	—	Call	01609W902
—	MICROSTRATEGY INC	600	$17.3M	3.8%	—	—	Put	594972958
—	TAIWAN SEMICONDUCTOR MFG LTD	1,000	$16.6M	3.6%	—	—	Put	874039950
ZGN	ERMENEGILDO ZEGNA N V	1,375,716	$10.18M	2.2%	$8.20	+0.6%	ORD SHS	N30577105
MOMO	HELLO GROUP INC	1,551,200	$9.788M	2.1%	$8.69	—	ADS	423403104
WB	WEIBO CORP	2,675	$25,332	0.0%	$9.47	—	SPONSORED ADR	948596101