13F GuideFiling Basics
What is SEC Form 13F? Ultimate Guide to Institutional Equity Filings
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
AlphaSMO Research GuideRead Guide
CIK: 0001768375
Total reported value
$8.9B
$8.9B
24 檔
32.3%
As reported in its official Q4 2025 Form 13F filing, Aspex Management's tracked investment portfolio stood at $8.9B with 24 total positions.
In Q4 2025, Aspex Management adopted a defensive or profit-taking posture, trimming 6 positions and completely liquidating 5 holdings to manage risk exposure.
In terms of portfolio concentration, the top 5 core holdings (including SNPS, FUTU, NVDA) accounted for 32.3% of total reported equity market value during Q4 2025.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SNPS | Synopsys Inc | Stock-Tech | 20.20% | +0.27% | +40.10% | |
| 2 | FUTU | Futu Holdings Ltd-adr | Stock-Financials | 11.20% | -4.24% | +37.51% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 10.84% | -13.08% | EXIT | |
| 4 | SE | Sea Ltd-adr | Stock-Comm Services | 8.70% | -0.60% | -21.40% | |
| 5 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 7.13% | — | -1.98% | |
| 6 | AS | Amer Sports, Inc. | Stock-Consumer Disc | 5.74% | -0.80% | +27.94% | |
| 7 | GRAB | Grab Holdings Limited | Stock-Tech | 5.64% | -0.85% | +96.81% | |
| 8 | EDU | New Oriental Educatio-sp Adr | Stock-Consumer Staples | 5.59% | -1.38% | -14.53% | |
| 9 | YMM | Full Truck Alliance -spn Adr | Stock-Other | 5.16% | -2.62% | EXIT | |
| 10 | LITE | Lumentum Holdings Inc | Stock-Tech | 5.09% | -1.24% | — | |
| 11 | TER | Teradyne Inc | Stock-Tech | 4.04% | +1.27% | — | |
| 12 | ATAT | Atour Lifestyle Holdings-adr | Stock-Other | 2.84% | -1.90% | EXIT | |
| 13 | QFIN | Qfin Holdings Inc-adr | Stock-Other | 2.50% | -0.06% | -1.45% | |
| 14 | NIO | Nio Inc - Adr | Stock-Consumer Disc | 1.36% | -0.40% | -62.45% | |
| 15 | HTHT 3 05-01-26Bond | H World Group LTD | Bond | 1.29% | -0.98% | EXIT | |
| 16 | PONY | Pony Ai Inc | Stock-Other | 1.21% | -0.25% | — | |
| 17 | NTES | Netease Inc-adr | Stock-Comm Services | 0.41% | -0.03% | — | |
| 18 | ✓ | Grab Holdings Limited | Stock-Other | 0.38% | -0.03% | — | |
| 19 | RLX | Rlx Technology Inc-adr | Stock-Other | 0.37% | -0.08% | — | |
| 20 | LANV | Lanvin Group Holdings Limited | Stock-Other | 0.18% | -0.03% | — | |
| 21 | ✓ | Prenetics Global LTD | Stock-Other | 0.11% | -0.10% | EXIT | |
| 22 | RBOT | Vicarious Surgical Inc-a | Stock-Other | — | — | EXIT | |
| 23 | ✓ | Prenetics Global LTD | Stock-Other | — | — | — | |
| 24 | ✓ | Lanvin Group Holdings Limite | Stock-Other | — | — | EXIT |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SNPS | Synopsys Inc | +4.4% | +40.10% | Add |
| 2 | FUTU | Futu Holdings Ltd-adr | +2.2% | +37.51% | Add |
| 3 | GRAB | Grab Holdings Limited | +2% | +96.81% | Add |
| 4 | AS | Amer Sports, Inc. | +1.4% | +27.94% | Add |
| 5 | HTHT 3 05-01-26Bond | H World Group LTD | +0.1% | — | Unchanged |
| 6 | ✓ | Prenetics Global LTD | 0% | — | Unchanged |
| 7 | ✓ | Prenetics Global LTD | — | — | Unchanged |
| 8 | ✓ | Lanvin Group Holdings Limite | — | — | Unchanged |
| 9 | RBOT | Vicarious Surgical Inc-a | 0% | — | Unchanged |
| 10 | LANV | Lanvin Group Holdings Limited | 0% | — | Unchanged |
| 11 | RLX | Rlx Technology Inc-adr | -0.1% | — | Unchanged |
| 12 | NTES | Netease Inc-adr | -0.1% | — | Unchanged |
| 13 | ✓ | Grab Holdings Limited | -0.6% | — | Unchanged |
| 14 | ATAT | Atour Lifestyle Holdings-adr | -0.7% | -19.67% | Trim |
| 15 | PONY | Pony Ai Inc | -0.8% | — | Unchanged |
| 16 | EDU | New Oriental Educatio-sp Adr | -1% | -14.53% | Trim |
| 17 | YMM | Full Truck Alliance -spn Adr | -1.4% | — | Unchanged |
| 18 | QFIN | Qfin Holdings Inc-adr | -1.5% | -1.45% | Trim |
| 19 | PDD | Pdd Holdings Inc | -1.8% | -1.98% | Trim |
| 20 | NIO | Nio Inc - Adr | -4.3% | -62.45% | Trim |
| 21 | SE | Sea Ltd-adr | -7.5% | -21.40% | Trim |
| 22 | NVDA | Nvidia CORP | — | NEW | New buy |
| 23 | LITE | Lumentum Holdings Inc | — | NEW | New buy |
| 24 | TER | Teradyne Inc | — | NEW | New buy |
| 25 | DASH | Doordash Inc - A | — | EXIT | Sold out |
| 26 | CRS | Carpenter Technology | — | EXIT | Sold out |
| 27 | SEALTD 2.375 12-01-25Bond | Sea LTD | — | EXIT | Sold out |
| 28 | LRCX | Lam Research CORP | — | EXIT | Sold out |
| 29 | BIDU | Baidu Inc - Spon Adr | — | EXIT | Sold out |
According to official SEC Form 13F filings, Aspex Management reported a total U.S. public equity portfolio value of $8.9B across 24 disclosed positions in Q4 2025.
During Q4 2025, Aspex Management's top holdings by market value included SNPS (20.2%)、FUTU (11.2%)、NVDA (10.8%). The largest single position, SNPS, represented 20.2% of total portfolio value.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
Top New Position Initiated
NVDA
市值: $536.0M
Top Position Liquidated / Trimmed
DASH
前期市值: $197.1M
In Q4 2025, Aspex Management made 18 total portfolio adjustments, initiating 3 new buys, adding to 4 positions, trimming 6 holdings, and fully liquidating 5 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
Understand SEC Form 4 insider disclosures for corporate officers, directors, and 10% owners to track executive transactions.
Understand Rule 144 restricted stock sale notices to spot planned insider liquidations before market sell pressure arrives.
Explore the 5% beneficial ownership threshold, 13D vs 13G filing differences, and recent SEC accelerated deadline rules.
Best practices for analyzing 13F quarterly changes without getting misled by stock splits, options, or market valuation drift.
Learn how AlphaSMO's flagship signal detects high-conviction stocks where 13F hedge funds and corporate insiders buy at the same time.