Alpine Investment Management Ltd Hedge Fund

Location: Hong Kong

CIK: 0001964631 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value: $331M (100.0% shares, 0.0% debt)

Holdings (8)

PDD PDD HOLDINGS INC 28.4%

Value $94.19M Shares 900,000 Est. Cost $104.66 Unrealized —

— MICRON TECHNOLOGY INC 18.6%

Value $61.63M Shares 5,000 Est. Cost — Unrealized —

YMM FULL TRUCK ALLIANCE CO LTD 16.4%

Value $54.3M Shares 4,598,038 Est. Cost $11.81 Unrealized —

JOYY JOYY INC 14.0%

Value $46.54M Shares 914,153 Est. Cost $41.98 Unrealized —

— PDD HOLDINGS INC 10.6%

Value $35.06M Shares 3,350 Est. Cost — Unrealized —

— ENPHASE ENERGY INC 7.8%

Value $25.77M Shares 6,500 Est. Cost — Unrealized —

ZGN ERMENEGILDO ZEGNA N V 2.2%

Value $7.268M Shares 850,000 Est. Cost $8.20 Unrealized -1.7%

DECK DECKERS OUTDOOR CORP 2.0%

Value $6.7M Shares 65,000 Est. Cost $110.72 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	900,000	$94.19M	28.4%	$104.66	—	SPONSORED ADS	722304102
—	MICRON TECHNOLOGY INC	5,000	$61.63M	18.6%	—	—	Call	595112903
YMM	FULL TRUCK ALLIANCE CO LTD	4,598,038	$54.3M	16.4%	$11.81	—	SPONSORED ADS	35969L108
JOYY	JOYY INC	914,153	$46.54M	14.0%	$41.98	—	ADS REPSTG COM A	46591M109
—	PDD HOLDINGS INC	3,350	$35.06M	10.6%	—	—	Call	722304902
—	ENPHASE ENERGY INC	6,500	$25.77M	7.8%	—	—	Put	29355A957
ZGN	ERMENEGILDO ZEGNA N V	850,000	$7.268M	2.2%	$8.20	-1.7%	ORD SHS	N30577105
DECK	DECKERS OUTDOOR CORP	65,000	$6.7M	2.0%	$110.72	0.0%	COM	243537107