BRILLIANCE ASSET MANAGEMENT LTD Quant / Systematic

CIK: 0001665751 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $254,765 (100.0% shares, 0.0% debt)

Holdings (6)

New Positions (2)

PDD PDD HOLDINGS INC 26.5%

Value ($000) $67,487 Shares 595,174 Est. Cost $113.39 Unrealized —

TXN TEXAS INSTRS INC 2.5%

Value ($000) $6,268 Shares 36,128 Est. Cost $170.73 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	595,174	$67,487	26.5%	$113.39	—	SPONSORED ADS	722304102
TXN	TEXAS INSTRS INC	36,128	$6,268	2.5%	$170.73	0.0%	COM	882508104

Increased Positions (3)

AS AMER SPORTS INC 41.2%

Value ($000) $104,920 (+184.8%) Shares 2,809,105 (+164.9%) Est. Cost $29.02 Unrealized +18.2%

ONTO ONTO INNOVATION INC 15.5%

Value ($000) $39,378 (+39.4%) Shares 249,447 (+14.1%) Est. Cost $111.36 Unrealized +27.5%

LX LEXINFINTECH HLDGS LTD 4.6%

Value ($000) $11,777 (-23.8%) Shares 3,601,592 (+24.2%) Est. Cost $5.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AS	AMER SPORTS INC	2,809,105 (+164.9%)	$104,920 (+184.8%)	41.2%	$29.02	+18.2%	COM SHS	G0260P102
ONTO	ONTO INNOVATION INC	249,447 (+14.1%)	$39,378 (+39.4%)	15.5%	$111.36	+27.5%	COM	683344105
LX	LEXINFINTECH HLDGS LTD	3,601,592 (+24.2%)	$11,777 (-23.8%)	4.6%	$5.27	—	ADR	528877103

Exited Positions (3)

LI LI AUTO INC 17.7%

Value ($000) $45,153 Shares 1,781,895 Est. Cost $26.29 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 5.1%

Value ($000) $12,977 Shares 244,534 Est. Cost $58.14 Unrealized —

NVDA NVIDIA CORPORATION 1.0%

Value ($000) $2,503 Shares 13,414 Est. Cost $174.29 Unrealized +6.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LI	LI AUTO INC	1,781,895	$45,153	17.7%	$26.29	—	—	50202M102
EDU	NEW ORIENTAL ED & TECHNOLOGY	244,534	$12,977	5.1%	$58.14	—	—	647581206
NVDA	NVIDIA CORPORATION	13,414	$2,503	1.0%	$174.29	+6.8%	—	67066G104

Decreased Positions (1)

GOOG ALPHABET INC 9.8%

Value ($000) $24,935 (-46.1%) Shares 79,462 (-58.2%) Est. Cost $209.93 Unrealized +36.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	79,462 (-58.2%)	$24,935 (-46.1%)	9.8%	$209.93	+36.4%	ADR	02079K107