Tree Line Advisors (Hong Kong) Ltd.

Concentrated strategySector-focusedQuality / disciplined sizing

Total reported value

$232.6M

Reporting period: 2026-03-31 · Number of holdings: 3

Tree Line Advisors (Hong Kong) Ltd. disclosed 3 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $232.6M and a quarterly turnover rate of 66.9%.

Personality snowflake

Concentration: 100
Portfolio Stability: 66.91
Momentum/Contrarian: 50
Sector conviction: 100
Diversification: 6
Sizing Uniformity: 97.48

Recent moves

Add N97284108
0.0%　$9.2M
Add CPNG
0.0%　-$17.6M
Add SE
0.0%　-$46.3M
Sold out FUTU
Sold out AVGO
Sold out ATAT

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	✓	Nebius Group NV	Stock-Other	42.44%	+22.03%	—
2	SE	Sea Ltd-adr	Stock-Comm Services	31.65%	+4.33%	—
3	CPNG	Coupang INC	Stock-Consumer Disc	25.91%	+8.17%	—

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	3	$232.6M	67	1N972842SE 3CPNG Top holdings2026-03-31 1.N97284 2.SE 3.CPNG
2025-12-31	6	$438.9M	24	1SE2N972843CPNG Top holdings2025-12-31 1.SE 2.N97284 3.CPNG 4.FUTU 5.AVGO 6.ATAT
2025-09-30	6	$547.5M	81	1SE2N972843CPNG Top holdings2025-09-30 1.SE 2.N97284 3.CPNG 4.FUTU 5.AVGO 6.ATAT
2025-06-30	4	$384.1M	0	1SE 2CPNG3N97284 Top holdings2025-06-30 1.SE 2.CPNG 3.N97284 4.ATAT
2025-03-31	7	$400.8M	100	1SE 2CPNG 3FCX Top holdings2025-03-31 1.SE 2.CPNG 3.FCX 4.NVDA 5.AVGO 6.BE 7.N97284
2024-12-31	9	$531.8M	0	1SE 2CPNG 3AVGO Top holdings2024-12-31 1.SE 2.CPNG 3.AVGO 4.NVDA 5.FCX 6.GRAB 7.MRVL 8.ANETEUR 9.N97284
2024-09-30	7	$430.6M	0	1SE 2CPNG 3FCX Top holdings2024-09-30 1.SE 2.CPNG 3.FCX 4.NVDA 5.AVGO 6.GRAB 7.ANETEUR
2024-06-30	7	$385.3M	0	1SE 2CPNG 3FCX Top holdings2024-06-30 1.SE 2.CPNG 3.FCX 4.NVDA 5.AVGO 6.XOM 7.ANETEUR
2024-03-31	7	$331.4M	0	1NVDA 2CPNG 3SE Top holdings2024-03-31 1.NVDA 2.CPNG 3.SE 4.AVGO 5.ANETEUR 6.FCX 7.MRVL
2023-12-31	7	$240.8M	0	1CPNG 2AVGO 3NVDA Top holdings2023-12-31 1.CPNG 2.AVGO 3.NVDA 4.PDD 5.ANETEUR 6.FCX 7.87190U
2023-09-30	8	$234.7M	0	1NVDA 2CPNG 3SE Top holdings2023-09-30 1.NVDA 2.CPNG 3.SE 4.AVGO 5.ANETEUR 6.FCX 7.PDD 8.87190U
2023-06-30	5	$144.3M	0	1SE 2FCX 3AVGO Top holdings2023-06-30 1.SE 2.FCX 3.AVGO 4.ANETEUR 5.87190U
2023-03-31	4	$128.4M	0	1SE 2FCX 3ZLAB Top holdings2023-03-31 1.SE 2.FCX 3.ZLAB 4.87190U
2022-12-31	4	$91.9M	0	1SE287190U3FCX Top holdings2022-12-31 1.SE 2.87190U 3.FCX 4.ZLAB
2022-09-30	6	$115.0M	0	1SE 2NTR 3ZLAB Top holdings2022-09-30 1.SE 2.NTR 3.ZLAB 4.87190U 5.FCX 6.AA
2022-06-30	6	$107.3M	0	1SE 2NTR 3ZLAB Top holdings2022-06-30 1.SE 2.NTR 3.ZLAB 4.FCX 5.87190U 6.AA
2022-03-31	6	$169.0M	0	1SE 2FCX 3AA Top holdings2022-03-31 1.SE 2.FCX 3.AA 4.NTR 5.ZLAB 6.87190U
2021-12-31	5	$329.6M	0	1SE 2FCX 3ZLAB Top holdings2021-12-31 1.SE 2.FCX 3.ZLAB 4.ADI 5.87190U
2021-09-30	3	$313.5M	0	1SE 2ZLAB 3ADI Top holdings2021-09-30 1.SE 2.ZLAB 3.ADI
2021-06-30	9	$611.3M	97	1SE 2ZLAB 3JD Top holdings2021-06-30 1.SE 2.ZLAB 3.JD 4.BILI 5.ADI 6.FTCHQ 7.YSG 8.API 9.DAO
2021-03-31	9	$572.9M	36	1SE 2ZLAB 3JD Top holdings2021-03-31 1.SE 2.ZLAB 3.JD 4.BILI 5.ADI 6.FCX 7.API 8.YSG 9.DAO
2020-12-31	8	$591.8M	55	1SE 2ZLAB 3JD Top holdings2020-12-31 1.SE 2.ZLAB 3.JD 4.BILI 5.API 6.YSG 7.BABA 8.DAO
2020-09-30	7	$757.7M	31	1SE 2JD 3BABA Top holdings2020-09-30 1.SE 2.JD 3.BABA 4.ZLAB 5.BILI 6.API 7.DAO
2020-06-30	6	$568.7M	58	1SE 2JD 3BABA Top holdings2020-06-30 1.SE 2.JD 3.BABA 4.ZLAB 5.BILI 6.API
2020-03-31	5	$343.1M	19	1SE 2BABA 3JD Top holdings2020-03-31 1.SE 2.BABA 3.JD 4.ZLAB 5.BILI
2019-12-31	5	$298.0M	38	1BABA 2SE 3JD Top holdings2019-12-31 1.BABA 2.SE 3.JD 4.ZLAB 5.BILI
2019-09-30	6	$229.6M	34	1BABA 2SE 3JD Top holdings2019-09-30 1.BABA 2.SE 3.JD 4.ZLAB 5.BILI 6.WUBAUSD
2019-06-30	7	$203.5M	38	1SE 2JD 3ZLAB Top holdings2019-06-30 1.SE 2.JD 3.ZLAB 4.BABA 5.BILI 6.WUBAUSD 7.LX
2019-03-31	6	$150.6M	83	1JD 2BABA 3BILI Top holdings2019-03-31 1.JD 2.BABA 3.BILI 4.SE 5.WUBAUSD 6.ZLAB
2018-12-31	4	$62.2M	0	1BABA 2WUBAUSD 3JD Top holdings2018-12-31 1.BABA 2.WUBAUSD 3.JD 4.ZLAB

Holding changes this quarter

Tree Line Advisors (Hong Kong) Ltd.'s most significant position changes for 2026-03-31: Sold out: Futu Holdings Ltd-adr (FUTU); Sold out: Broadcom INC (AVGO); Sold out: Atour Lifestyle Holdings-adr (ATAT).

Position changes disclosed by Tree Line Advisors (Hong Kong) Ltd. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	✓	Nebius Group NV	+22%	—	Unchanged
2	CPNG	Coupang INC	+8.2%	—	Unchanged
3	SE	Sea Ltd-adr	+4.3%	—	Unchanged
4	FUTU	Futu Holdings Ltd-adr	—	EXIT	Sold out
5	AVGO	Broadcom INC	—	EXIT	Sold out
6	ATAT	Atour Lifestyle Holdings-adr	—	EXIT	Sold out

FAQ

What is Tree Line Advisors (Hong Kong) Ltd. and what type of investor is it?

Tree Line Advisors (Hong Kong) Ltd. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $232.6M, spread across 3 disclosed positions.

What are Tree Line Advisors (Hong Kong) Ltd.'s largest equity positions?

Based on the latest 13F filing, Tree Line Advisors (Hong Kong) Ltd.'s top holdings by market value are: 1. Nebius Group NV — $98.7M (42.4%) 2. Sea Ltd-adr (SE) — $73.6M (31.6%) 3. Coupang INC (CPNG) — $60.3M (25.9%)

What changes did Tree Line Advisors (Hong Kong) Ltd. make in its most recent portfolio filing?

In the latest quarter, Tree Line Advisors (Hong Kong) Ltd. took a more defensive posture — trimming 0 positions and completely exiting 3 holdings. The largest of these moves: Sold out: Futu Holdings Ltd-adr (FUTU); Sold out: Broadcom INC (AVGO); Sold out: Atour Lifestyle Holdings-adr (ATAT)

What sectors does Tree Line Advisors (Hong Kong) Ltd. focus on?

Tree Line Advisors (Hong Kong) Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 55.0% • Consumer Discretionary: 45.0%