Aspex Management (HK) Ltd Diversified Active

CIK: 0001768375 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $4,943 (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (3)

NVDA NVIDIA CORPORATION 10.8%

Value ($000) $536 Shares 2,873,869 Est. Cost $186.13 Unrealized 0.0%

LITE LUMENTUM HLDGS INC 5.1%

Value ($000) $251 Shares 681,959 Est. Cost $256.82 Unrealized 0.0%

TER TERADYNE INC 4.0%

Value ($000) $200 Shares 1,031,838 Est. Cost $171.50 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	2,873,869	$536	10.8%	$186.13	0.0%	COM	67066G104
LITE	LUMENTUM HLDGS INC	681,959	$251	5.1%	$256.82	0.0%	COM	55024U109
TER	TERADYNE INC	1,031,838	$200	4.0%	$171.50	0.0%	COM	880770102

Increased Positions (4)

SNPS SYNOPSYS INC 20.2%

Value ($000) $999 (+33.4%) Shares 2,126,089 (+40.1%) Est. Cost $503.38 Unrealized -11.8%

FUTU FUTU HLDGS LTD 11.2%

Value ($000) $554 (+29.8%) Shares 3,371,597 (+37.5%) Est. Cost $6.17 Unrealized —

GRAB GRAB HOLDINGS LIMITED 5.6%

Value ($000) $279 (+63.1%) Shares 55,864,875 (+96.8%) Est. Cost $5.42 Unrealized +2.0%

AS AMER SPORTS INC 5.7%

Value ($000) $284 (+37.5%) Shares 7,593,627 (+27.9%) Est. Cost $36.96 Unrealized -7.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SNPS	SYNOPSYS INC	2,126,089 (+40.1%)	$999 (+33.4%)	20.2%	$503.38	-11.8%	COM	871607107
FUTU	FUTU HLDGS LTD	3,371,597 (+37.5%)	$554 (+29.8%)	11.2%	$6.17	—	SPON ADS CL A	36118L106
GRAB	GRAB HOLDINGS LIMITED	55,864,875 (+96.8%)	$279 (+63.1%)	5.6%	$5.42	+2.0%	CLASS A ORD	G4124C109
AS	AMER SPORTS INC	7,593,627 (+27.9%)	$284 (+37.5%)	5.7%	$36.96	-7.2%	COM SHS	G0260P102

Exited Positions (5)

DASH DOORDASH INC 4.0%

Value ($000) $197 Shares 724,740 Est. Cost $73.65 Unrealized +218.5%

CRS CARPENTER TECHNOLOGY CORP 2.8%

Value ($000) $136 Shares 554,758 Est. Cost $255.23 Unrealized +17.8%

— SEA LTD 1.2%

Value ($000) $59 Shares 30,000,000 Est. Cost $3.55 Unrealized —

LRCX LAM RESEARCH CORP 1.1%

Value ($000) $54 Shares 399,641 Est. Cost $105.52 Unrealized +47.2%

BIDU BAIDU INC 1.0%

Value ($000) $49 Shares 368,351 Est. Cost $0.13 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DASH	DOORDASH INC	724,740	$197	4.0%	$73.65	+218.5%	—	25809K105
CRS	CARPENTER TECHNOLOGY CORP	554,758	$136	2.8%	$255.23	+17.8%	—	144285103
—	SEA LTD	30,000,000	$59	1.2%	$3.55	—	—	81141RAF7
LRCX	LAM RESEARCH CORP	399,641	$54	1.1%	$105.52	+47.2%	—	512807306
BIDU	BAIDU INC	368,351	$49	1.0%	$0.13	—	—	056752108

Decreased Positions (6)

SE SEA LTD 8.7%

Value ($000) $430 (-43.9%) Shares 3,373,016 (-21.4%) Est. Cost $35.79 Unrealized —

NIO NIO INC 1.4%

Value ($000) $67 (-74.9%) Shares 13,141,609 (-62.5%) Est. Cost $0.01 Unrealized —

PDD PDD HOLDINGS INC 7.1%

Value ($000) $353 (-15.9%) Shares 3,109,525 (-2.0%) Est. Cost $0.13 Unrealized —

QFIN QIFU TECHNOLOGY INC 2.5%

Value ($000) $124 (-34.0%) Shares 6,422,510 (-1.4%) Est. Cost $9.12 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 5.6%

Value ($000) $277 (-11.4%) Shares 5,024,985 (-14.5%) Est. Cost $0.07 Unrealized —

ATAT ATOUR LIFESTYLE HLDGS LTD 2.8%

Value ($000) $140 (-15.8%) Shares 3,557,795 (-19.7%) Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SE	SEA LTD	3,373,016 (-21.4%)	$430 (-43.9%)	8.7%	$35.79	—	SPONSORD ADS	81141R100
NIO	NIO INC	13,141,609 (-62.5%)	$67 (-74.9%)	1.4%	$0.01	—	SPON ADS	62914V106
PDD	PDD HOLDINGS INC	3,109,525 (-2.0%)	$353 (-15.9%)	7.1%	$0.13	—	SPONSORED ADS	722304102
QFIN	QIFU TECHNOLOGY INC	6,422,510 (-1.4%)	$124 (-34.0%)	2.5%	$9.12	—	AMERICAN DEP	88557W101
EDU	NEW ORIENTAL ED & TECHNOLOGY	5,024,985 (-14.5%)	$277 (-11.4%)	5.6%	$0.07	—	SPON ADR	647581206
ATAT	ATOUR LIFESTYLE HLDGS LTD	3,557,795 (-19.7%)	$140 (-15.8%)	2.8%	$0.02	—	SPONSORED ADS	04965M106

Unchanged Positions (11)

YMM FULL TRUCK ALLIANCE CO LTD 5.2%

Value ($000) $255 Shares 23,763,953 Est. Cost $0.01 Unrealized —

PONY PONY AI INC 1.2%

Value ($000) $60 Shares 4,140,447 Est. Cost $0.02 Unrealized —

— GRAB HOLDINGS LIMITED 0.4%

Value ($000) $19 Shares 29,482,900 Est. Cost — Unrealized —

— H WORLD GROUP LTD 1.3%

Value ($000) $64 Shares 50,000,000 Est. Cost $1.31 Unrealized —

RLX RLX TECHNOLOGY INC 0.4%

Value ($000) $18 Shares 7,901,172 Est. Cost $0.00 Unrealized —

NTES NETEASE INC 0.4%

Value ($000) $20 Shares 147,655 Est. Cost $0.09 Unrealized —

PRE PRENETICS GLOBAL LTD 0.1%

Value ($000) $5 Shares 346,150 Est. Cost $4.83 Unrealized +201.6%

LANV LANVIN GROUP HOLDINGS LIMITE 0.2%

Value ($000) $9 Shares 4,500,000 Est. Cost $9.13 Unrealized -77.7%

RBOT VICARIOUS SURGICAL INC 0.0%

Value ($000) $0 Shares 86,666 Est. Cost $6.64 Unrealized -38.8%

PRENW PRENETICS GLOBAL LTD 0.0%

Value ($000) $0 Shares 1,166,666 Est. Cost $0.29 Unrealized —

LANV/WS LANVIN GROUP HOLDINGS LIMITE 0.0%

Value ($000) $0 Shares 1,000,000 Est. Cost $0.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
YMM	FULL TRUCK ALLIANCE CO LTD	23,763,953	$255	5.2%	$0.01	—	SPONSORED ADS	35969L108
PONY	PONY AI INC	4,140,447	$60	1.2%	$0.02	—	SPONSORED ADS	732908108
—	GRAB HOLDINGS LIMITED	29,482,900	$19	0.4%	—	—	CALL	G4124C909
—	H WORLD GROUP LTD	50,000,000	$64	1.3%	$1.31	—	NOTE 3.000% 5/0	44332NAB2
RLX	RLX TECHNOLOGY INC	7,901,172	$18	0.4%	$0.00	—	SPONSORED ADS	74969N103
NTES	NETEASE INC	147,655	$20	0.4%	$0.09	—	SPONSORED ADS	64110W102
PRE	PRENETICS GLOBAL LTD	346,150	$5	0.1%	$4.83	+201.6%	SHS NEW	G72245122
LANV	LANVIN GROUP HOLDINGS LIMITE	4,500,000	$9	0.2%	$9.13	-77.7%	SHS	G5380J100
RBOT	VICARIOUS SURGICAL INC	86,666	$0	0.0%	$6.64	-38.8%	COM CL A	92561V208
PRENW	PRENETICS GLOBAL LTD	1,166,666	$0	0.0%	$0.29	—	*W EXP 05/18/202	G72245114
LANV/WS	LANVIN GROUP HOLDINGS LIMITE	1,000,000	$0	0.0%	$0.00	—	*W EXP 01/14/202	G5380J118