CIK: 0001614200
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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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.
No holding changes 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% |
Performance for Q3 2026
-13.3%
Performance Last 4 Quarters
-0.5%
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2023-09-30 | 10 | $25.3M | 0 | |
| 2023-06-30 | 11 | $28.1M | 0 | |
| 2023-03-31 | 10 | $19.1M | 0 | |
| 2022-12-31 | 40 | $136.2M | 0 | |
| 2016-12-31 | 19 | $89.0M | 39 | |
| 2016-09-30 | 21 | $92.9M | 66 | |
| 2016-06-30 | 21 | $70.4M | 87 | |
| 2016-03-31 | 20 | $70.6M | 69 | |
| 2015-12-31 | 21 | $104.8M | 68 | |
| 2015-09-30 | 22 | $78.1M | 100 | |
| 2015-06-30 | 15 | $124.7M | 82 | |
| 2015-03-31 | 10 | $61.3M | 32 | |
| 2014-12-31 | 12 | $64.9M | 0 |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2023-09-30 | 2023-11-02 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-06 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-31 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-05 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-26 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-14 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-03 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-27 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-20 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-04 | 13F-HR | View on EDGAR |
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