BRIGHT VALLEY CAPITAL Ltd Hedge Fund

Location: Hong Kong

CIK: 0001965546 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $626M (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (15)

SOXX ISHARES TR 9.6%

Value $60.23M Shares 94,000 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 8.2%

Value $51.55M Shares 70,000 Est. Cost — Unrealized —

NVDA NVIDIA CORP 6.4%

Value $40.02M Shares 200,000 Est. Cost — Unrealized —

ATAT ATOUR LIFESTYLE HOLDINGS LTD 5.2%

Value $32.36M Shares 1,017,508 Est. Cost $31.80 Unrealized —

NFLX NETFLIX INC 5.1%

Value $32.13M Shares 450,000 Est. Cost — Unrealized —

SNDK SANDISK CORP 4.4%

Value $27.74M Shares 12,200 Est. Cost $2273.73 Unrealized —

DRAM ROUNDHILL ETF TRUST 2.9%

Value $18.46M Shares 250,000 Est. Cost $73.85 Unrealized —

ACMR ACM RESEARCH INC 2.4%

Value $14.97M Shares 118,000 Est. Cost $126.89 Unrealized —

AMAT APPLIED MATERIALS INC 2.1%

Value $13.01M Shares 18,000 Est. Cost — Unrealized —

FUTU FUTU HOLDINGS LTD 1.2%

Value $7.64M Shares 81,500 Est. Cost $93.74 Unrealized —

NTES NETEASE INC 1.0%

Value $6.407M Shares 50,000 Est. Cost — Unrealized —

NOK NOKIA OYJ 0.5%

Value $2.968M Shares 223,500 Est. Cost $13.28 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value $1.865M Shares 5,000 Est. Cost — Unrealized —

FUTU FUTU HOLDINGS LTD 0.1%

Value $750K Shares 8,000 Est. Cost $93.74 Unrealized —

FINV FINVOLUTION GROUP 0.0%

Value $15,180 Shares 3,169 Est. Cost $4.79 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SOXX	ISHARES TR	94,000	$60.23M	9.6%	—	—	PUT	464287523
QQQ	INVESCO QQQ TR	70,000	$51.55M	8.2%	—	—	PUT	46090E103
NVDA	NVIDIA CORP	200,000	$40.02M	6.4%	—	—	PUT	67066G104
ATAT	ATOUR LIFESTYLE HOLDINGS LTD	1,017,508	$32.36M	5.2%	$31.80	—	SPONSORED ADS	04965M106
NFLX	NETFLIX INC	450,000	$32.13M	5.1%	—	—	PUT	64110L106
SNDK	SANDISK CORP	12,200	$27.74M	4.4%	$2273.73	—	COM	80004C200
DRAM	ROUNDHILL ETF TRUST	250,000	$18.46M	2.9%	$73.85	—	MEMORY ETF	77926X320
ACMR	ACM RESEARCH INC	118,000	$14.97M	2.4%	$126.89	—	COM CL A	00108J109
AMAT	APPLIED MATERIALS INC	18,000	$13.01M	2.1%	—	—	CALL	038222105
FUTU	FUTU HOLDINGS LTD	81,500	$7.64M	1.2%	$93.74	—	SPON ADS CL A	36118L106
NTES	NETEASE INC	50,000	$6.407M	1.0%	—	—	CALL	64110W102
NOK	NOKIA OYJ	223,500	$2.968M	0.5%	$13.28	—	SPONSORED ADR	654902204
MSFT	MICROSOFT CORP	5,000	$1.865M	0.3%	—	—	PUT	594918104
FUTU	FUTU HOLDINGS LTD	8,000	$750K	0.1%	$93.74	—	CALL	36118L106
FINV	FINVOLUTION GROUP	3,169	$15,180	0.0%	$4.79	—	SPONSORED ADS	31810T101

Increased Positions (2)

INTC INTEL CORP 35.0%

Value $219M (+1050.7%) Shares 1,567,500 (+263.7%) Est. Cost $110.45 Unrealized —

PDD PDD HOLDINGS INC 3.6%

Value $22.5M (+100.2%) Shares 295,000 (+168.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTC	INTEL CORP	1,567,500 (+263.7%)	$219M (+1050.7%)	35.0%	$110.45	—	COM	458140100
PDD	PDD HOLDINGS INC	295,000 (+168.2%)	$22.5M (+100.2%)	3.6%	—	—	CALL	722304102

Exited Positions (7)

EDU NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC 1.6%

Value $9.953M Shares 175,750 Est. Cost $55.03 Unrealized —

GLD SPDR GOLD SHARES 1.1%

Value $6.885M Shares 16,000 Est. Cost $430.29 Unrealized —

STAA STAAR SURGICAL CO 0.8%

Value $5.086M Shares 271,965 Est. Cost $19.46 Unrealized —

LITE LUMENTUM HOLDINGS INC 0.3%

Value $1.616M Shares 2,300 Est. Cost $467.14 Unrealized —

DDL DINGDONG (CAYMAN) LTD 0.1%

Value $686K Shares 266,760 Est. Cost $2.57 Unrealized —

YMM FULL TRUCK ALLIANCE CO LTD 0.1%

Value $424K Shares 51,100 Est. Cost $12.97 Unrealized —

LX LEXINFINTECH HOLDINGS LTD 0.1%

Value $396K Shares 181,697 Est. Cost $6.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EDU	NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC	175,750	$9.953M	1.6%	$55.03	—	—	647581206
GLD	SPDR GOLD SHARES	16,000	$6.885M	1.1%	$430.29	—	—	78463V107
STAA	STAAR SURGICAL CO	271,965	$5.086M	0.8%	$19.46	—	—	852312305
LITE	LUMENTUM HOLDINGS INC	2,300	$1.616M	0.3%	$467.14	—	—	55024U109
DDL	DINGDONG (CAYMAN) LTD	266,760	$686K	0.1%	$2.57	—	—	25445D101
YMM	FULL TRUCK ALLIANCE CO LTD	51,100	$424K	0.1%	$12.97	—	—	35969L108
LX	LEXINFINTECH HOLDINGS LTD	181,697	$396K	0.1%	$6.86	—	—	528877103

Decreased Positions (3)

VIPS VIPSHOP HOLDINGS LTD 1.0%

Value $6.365M (-77.2%) Shares 480,000 (-72.9%) Est. Cost $16.05 Unrealized —

JOYY JOYY INC 2.1%

Value $13.07M (-27.8%) Shares 198,000 (-36.1%) Est. Cost $46.76 Unrealized —

INTC INTEL CORP 7.8%

Value $48.87M (+7.5%) Shares 350,000 (-66.0%) Est. Cost $110.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VIPS	VIPSHOP HOLDINGS LTD	480,000 (-72.9%)	$6.365M (-77.2%)	1.0%	$16.05	—	SPONSORED ADS A	92763W103
JOYY	JOYY INC	198,000 (-36.1%)	$13.07M (-27.8%)	2.1%	$46.76	—	ADS REPSTG COM A	46591M109
INTC	INTEL CORP	350,000 (-66.0%)	$48.87M (+7.5%)	7.8%	$110.45	—	CALL	458140100

Unchanged Positions (1)

DOYU DOUYU INTERNATIONAL HOLDINGS LTD 1.0%

Value $6.204M Shares 1,334,229 Est. Cost $9.33 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DOYU	DOUYU INTERNATIONAL HOLDINGS LTD	1,334,229	$6.204M	1.0%	$9.33	—	SPONSORED ADS	25985W204