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Top Ace Asset Management Ltd Historical SEC 13F Holdings & Archive (Q3 2023)
Top Ace Asset Management LtdCIK: 0001614200
Sector-focusedConcentrated strategyLong-term holder
Total reported value
$25.3M
Reporting period: 2023-09-30 · Number of holdings: 10
Top Ace Asset Management Ltd disclosed 10 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $25.3M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 90.08
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 20
- Sizing Uniformity
- 88.21
Top Ace Asset Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.225 — mathematically equivalent to about 4 equally-sized positions, well below its 10 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.18), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BIDU | Baidu Inc - Spon Adr | Stock-Comm Services | 42.42% | — | +101.51% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 9.10% | — | +10.42% | |
| 3 | YUMC | Yum China Holdings Inc | Stock-Consumer Disc | 8.82% | — | — | |
| 4 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 8.62% | — | — | |
| 5 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 8.44% | — | -64.70% | |
| 6 | NIO | Nio Inc - Adr | Stock-Consumer Disc | 7.45% | — | — | |
| 7 | XPEV | Xpeng Inc - Adr | Stock-Other | 7.25% | — | -25.51% | |
| 8 | MNSO | Miniso Group Holding Ltd-adr | Stock-Other | 5.90% | — | — | |
| 9 | BILI | Bilibili Inc-sponsored Adr | Stock-Other | 2.01% | — | — | |
| 10 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.01% | — | -99.95% |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-15.4%
Performance Last 4 Quarters
-35%
- Stdev
- +33.3%
- Beta
- +0.7
- Alpha
- -17.7%
- Max Drawdown
- -35%
- Annualized Perf
- -7.5%
- Batting Avg vs S&P
- +36.1%
- Sortino
- -0.13
- Stutzer
- -0.02
- Treynor
- -0.04
- Sterling
- -0.22
- Calmar
- -0.21
- Information Ratio
- -0.75
- Tracking Error
- +32.4%
- Stdev Down
- +20.7%
- Winning Months %
- +52.8%
- Losing Months %
- +47.2%
- Best 12 Months
- +32.3%
- Worst 12 Months
- -35%
- Efficiency Ratio
- +0.08
- Sharpe
- -0.08
- Stdev Sectors
- +16.6%
- Skewness
- +1.14
- Kurtosis
- +2.56
- Upside Potential
- +1.96
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Top Ace Asset Management Ltd and what type of investor is it?
Top Ace Asset Management Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2023-09-30), the firm manages a tracked equity portfolio valued at approximately $25.3M, spread across 10 disclosed positions.
What are Top Ace Asset Management Ltd's largest equity positions?
Based on the latest 13F filing, Top Ace Asset Management Ltd's top holdings by market value are:
1. Baidu Inc - Spon Adr (BIDU) — $10.7M (42.4%)
2. Nvidia CORP (NVDA) — $2.3M (9.1%)
3. Yum China Holdings Inc (YUMC) — $2.2M (8.8%)
4. Jd.com Inc-adr (JD) — $2.2M (8.6%)
5. Pdd Holdings Inc (PDD) — $2.1M (8.4%)
What changes did Top Ace Asset Management Ltd make in its most recent portfolio filing?
No notable portfolio changes were recorded for Top Ace Asset Management Ltd in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Top Ace Asset Management Ltd focus on?
Top Ace Asset Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 50.0%
• Consumer Discretionary: 39.3%
• Information Technology: 10.7%
Investment Profile
Top Ace Asset Management Ltd returned an annualized -7.5% over the trailing 36 months — underperforming the S&P 500 by 17.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.70 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 50.0% of the portfolio concentrated in Communication Services.
Its concentration score has risen from 38 to 90 over the past 4 quarters — a shift toward higher-conviction positions.
It has trimmed its BABA position for two straight quarters, cutting it by $5.8M while still holding $2.9K.
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Developer Access
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