Alpine Investment Management Ltd Hedge Fund

Location: Hong Kong

CIK: 0001964631 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value: $295M (100.0% shares, 0.0% debt)

Holdings (5)

— PDD HOLDINGS INC 59.7%

Value $176M Shares 13,350 Est. Cost — Unrealized —

YMM FULL TRUCK ALLIANCE CO LTD 17.6%

Value $51.88M Shares 4,000,000 Est. Cost $11.81 Unrealized —

JOYY JOYY INC 11.4%

Value $33.7M Shares 575,000 Est. Cost $41.98 Unrealized —

LU LUFAX HOLDING LTD 5.8%

Value $17.15M Shares 4,225,000 Est. Cost $4.06 Unrealized —

AGX ARGAN INC 5.5%

Value $16.2M Shares 60,000 Est. Cost $228.35 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	PDD HOLDINGS INC	13,350	$176M	59.7%	—	—	Call	722304902
YMM	FULL TRUCK ALLIANCE CO LTD	4,000,000	$51.88M	17.6%	$11.81	—	SPONSORED ADS	35969L108
JOYY	JOYY INC	575,000	$33.7M	11.4%	$41.98	—	ADS REPSTG COM A	46591M109
LU	LUFAX HOLDING LTD	4,225,000	$17.15M	5.8%	$4.06	—	SPONSORED ADR	54975P201
AGX	ARGAN INC	60,000	$16.2M	5.5%	$228.35	0.0%	COM	04010E109