Pinpoint Asset Management Ltd: 13F Holdings & AI Insights

CIK: 0001803237

Diversified strategyHigh-turnover traderSector-focused

Total reported value

$576.2M

Reporting period: 2025-03-31 · Number of holdings: 88

Pinpoint Asset Management Ltd disclosed 88 holdings in its latest 13F filing for the period ending 2025-03-31, with total reported value of $576.2M and a quarterly turnover rate of 200.0%.

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Personality snowflake

Concentration: 33.46
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 74.64

Pinpoint Asset Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.084 — mathematically equivalent to about 12 equally-sized positions, well below its 88 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 2.54), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 29% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

New buy YMM
New buy PDD
New buy IBIT
New buy TSLA
New buy BEKE
New buy TAL

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	YMM	Full Truck Alliance -spn Adr	Stock-Other	17.14%	+17.14%	NEW
2	PDD	Pdd Holdings INC	Stock-Consumer Disc	13.20%	+13.20%	NEW
3	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	12.05%	+12.05%	NEW
4	TSLA	Tesla INC	Stock-Consumer Disc	8.24%	+8.24%	NEW
5	BEKE	Ke Holdings Inc-adr	Stock-Other	7.17%	+7.17%	NEW
6	TAL	Tal Education Group- Adr	Stock-Consumer Staples	5.71%	+5.71%	NEW
7	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	4.89%	+4.89%	NEW
8	CSIQ 2.5 10-01-25	Canadian Solar INC	Stock-Other	3.39%	+3.39%	NEW
9	GLD	Spdr Gold Shares	ETF-Commodities	2.58%	+2.58%	NEW
10	ZTO 1.5 09-01-27	Zto Express Ky INC	Stock-Other	2.07%	+2.07%	NEW
11	IBN	Icici Bank Ltd-spon Adr	Stock-Financials	1.95%	+1.95%	NEW
12	HDB	Hdfc Bank Ltd-adr	Stock-Financials	1.94%	+1.94%	NEW
13	HTHT 3 05-01-26	H World Group LTD	Stock-Other	1.94%	+1.94%	NEW
14	PDD 0 12-01-25	Pdd Holdings INC	Stock-Consumer Disc	1.64%	+1.64%	NEW
15	WB 1.375 12-01-30	Weibo CORP	Stock-Other	1.60%	+1.60%	NEW
16	VNET	Vnet Group Inc-adr	Stock-Other	1.03%	+1.03%	NEW
17	LITE 0.5 06-15-28	Lumentum Holdings INC	Stock-Tech	0.92%	+0.92%	NEW
18	RDY	Dr. Reddy's Laboratories-adr	Stock-Other	0.87%	+0.87%	NEW
19	DOCU	Docusign INC	Stock-Tech	0.80%	+0.80%	NEW
20	COIN 0.25 04-01-30	Coinbase Global INC	Stock-Financials	0.80%	+0.80%	NEW
21	COIN 0.5 06-01-26	Coinbase Global INC	Stock-Financials	0.76%	+0.76%	NEW
22	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.74%	+0.74%	NEW
23	LI	Li Auto INC - Adr	Stock-Other	0.62%	+0.62%	NEW
24	CYD	China Yuchai International Limited	Stock-Other	0.59%	+0.59%	NEW
25	BSX	Boston Scientific CORP	Stock-Healthcare	0.58%	+0.58%	NEW
26	AS	Amer Sports, Inc.	Stock-Consumer Disc	0.53%	+0.53%	NEW
27	AAPL	Apple INC	Stock-Tech	0.52%	+0.52%	NEW
28	ACMR	Acm Research Inc-class A	Stock-Other	0.50%	+0.50%	NEW
29	SNDK	Sandisk CORP	Stock-Tech	0.46%	+0.46%	NEW
30	TER	Teradyne INC	Stock-Tech	0.39%	+0.39%	NEW
31	TTEN	Totalenergies Se -spon Adr	Stock-Other	0.35%	+0.35%	NEW
32	VRTX	Vertex Pharmaceuticals INC	Stock-Healthcare	0.30%	+0.30%	NEW
33	META	Meta Platforms Inc-class A	Stock-Comm Services	0.27%	+0.27%	NEW
34	ADI	Analog Devices INC	Stock-Tech	0.25%	+0.25%	NEW
35	HSAI	Hesai Group	Stock-Other	0.25%	+0.25%	NEW
36	INTC	Intel CORP	Stock-Tech	0.24%	+0.24%	NEW
37	LRCX	Lam Research CORP	Stock-Tech	0.23%	+0.23%	NEW
38	ATAT	Atour Lifestyle Holdings-adr	Stock-Other	0.22%	+0.22%	NEW
39	CLS	Celestica INC	Stock-Tech	0.22%	+0.22%	NEW
40	FUTU	Futu Holdings Ltd-adr	Stock-Financials	0.20%	+0.20%	NEW
41	NVO	Novo-nordisk A/s-spons Adr	Stock-Healthcare	0.19%	+0.19%	NEW
42	KT	Kt Corp-sp Adr	Stock-Other	0.16%	+0.16%	NEW
43	GOTU	Gaotu Techedu INC	Stock-Other	0.15%	+0.15%	NEW
44	GME	Gamestop Corp-class A	Stock-Consumer Disc	0.12%	+0.12%	NEW
45	SGML	Sigma Lithium CORP	Stock-Other	0.12%	+0.12%	NEW
46	ERO	Ero Copper CORP	Stock-Other	0.11%	+0.11%	NEW
47	NOAH	Noah Holdings Ltd-spon Ads	Stock-Other	0.10%	+0.10%	NEW
48	VIK	Viking Holdings Ltd	Stock-Consumer Disc	0.10%	+0.10%	NEW
49	CLF	Cleveland-cliffs INC	Stock-Materials	0.10%	+0.10%	NEW
50	SCCO	Southern Copper CORP	Stock-Materials	0.10%	+0.10%	NEW

1–50 of 88

Portfolio Performance

Performance for Q3 2026

—

Performance Last 4 Quarters

—

Based on 3 months of available history

Based on 40% of reported portfolio value with available pricing

Stdev: +19.5%
Beta: +1.9
Alpha: +54.5%
Max Drawdown: 0%
Annualized Perf: +57.6%
Batting Avg vs S&P: +100%
Sortino: +12.72
Stutzer: —
Treynor: +0.25
Sterling: —
Calmar: —
Information Ratio: +4.51
Tracking Error: +11.4%
Stdev Down: +3.7%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.77
Sharpe: +2.44
Stdev Sectors: +30.7%
Skewness: -0.15
Kurtosis: -1.5
Upside Potential: +14.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-03-31	88	$576.2M	100	1YMM 2PDD 3IBIT Top holdings2025-03-31 1.YMM 2.PDD 3.IBIT 4.TSLA 5.BEKE 6.TAL 7.BABA 8.CSIQ 2.5 10-01-25 9.GLD 10.ZTO 1.5 09-01-27
2024-12-31	94	$564.2M	0	1IBIT 2YMM 3TSLA Top holdings2024-12-31 1.IBIT 2.YMM 3.TSLA 4.PDD 5.EDU 6.TCOM 7.NVDA 8.TAL 9.TSM 10.ZTO 1.5 09-01-27
2024-09-30	90	$466.0M	0	1PDD 2IBIT 3TSLA Top holdings2024-09-30 1.PDD 2.IBIT 3.TSLA 4.YMM 5.EDU 6.JD 7.FUTU 8.BEKE 9.NVDA 10.MSFT
2024-06-30	105	$709.7M	0	1PDD 2YMM 3IBIT Top holdings2024-06-30 1.PDD 2.YMM 3.IBIT 4.NVDA 5.EDU 6.MSFT 7.BILI 0.5 12-01-26 8.TSLA 9.NOAH 10.TCOM
2024-03-31	106	$623.0M	0	1PDD 2YMM 3IBIT Top holdings2024-03-31 1.PDD 2.YMM 3.IBIT 4.EDU 5.BILI 0.5 12-01-26 6.NVDA 7.MSFT 8.ZTO 1.5 09-01-27 9.TSLA 10.TCOM
2023-12-31	73	$451.9M	0	1PDD 2YMM 3NIO 0 02-01-26 Top holdings2023-12-31 1.PDD 2.YMM 3.NIO 0 02-01-26 4.EDU 5.BILI 0.5 12-01-26 6.VIPS 7.TSLA 8.MSFT 9.NTES 10.TME
2023-09-30	59	$427.1M	0	1YMM 2TSLA 3NIO 0 02-01-26 Top holdings2023-09-30 1.YMM 2.TSLA 3.NIO 0 02-01-26 4.PDD 5.PDD 0 12-01-25 6.MSFT 7.VIPS 8.BABA 9.EDU 10.ON
2023-06-30	51	$178.8B	0	1PDD 0 12-01-25 2NIO 0 02-01-26 3MOMO 1.25 07-01-25 Top holdings2023-06-30 1.PDD 0 12-01-25 2.NIO 0 02-01-26 3.MOMO 1.25 07-01-25 4.ZTO 5.BABA 6.SPWR 7.ATAT 8.TCOM 9.AMD 10.IQ 4 12-15-26
2023-03-31	73	$373.4M	0	1PDD 2BILI 1.25 06-15-27 3PDD 0 12-01-25 Top holdings2023-03-31 1.PDD 2.BILI 1.25 06-15-27 3.PDD 0 12-01-25 4.JOYY 0.75 06-15-25 5.YMM 6.NIO 0 02-01-26 7.MOMO 1.25 07-01-25 8.WOLF* 9.ON 10.GDSHDG 2 06-01-25
2022-12-31	37	$416.1M	0	1PDD 2BILI 1.25 06-15-27 3YMM Top holdings2022-12-31 1.PDD 2.BILI 1.25 06-15-27 3.YMM 4.ON 5.WOLF* 6.JOYY 0.75 06-15-25 7.TAL 8.PDD 0 12-01-25 9.GDSHDG 2 06-01-25 10.ZTO
2022-09-30	34	$301.8M	0	1WOLF2BILI 1.25 06-15-27 3ON Top holdings2022-09-30 1.WOLF 2.BILI 1.25 06-15-27 3.ON 4.WB 1.25 11-15-22 5.PDD 6.HTHT 0.375 11-01-22 7.PDD 0 12-01-25 8.ZTO 9.JOYY 0.75 06-15-25 10.EDU
2022-06-30	32	$251.6M	0	1DQ 2BILI 1.25 06-15-27 3PDD 0 12-01-25 Top holdings2022-06-30 1.DQ 2.BILI 1.25 06-15-27 3.PDD 0 12-01-25 4.ON 5.BABA 6.WB 1.25 11-15-22 7.ZTO 8.PDD 9.JOYY 0.75 06-15-25 10.NOAH
2022-03-31	29	$241.4M	0	1DQ 2ON 3BZUN 1.625 05-01-24 Top holdings2022-03-31 1.DQ 2.ON 3.BZUN 1.625 05-01-24 4.BILI 1.25 06-15-27 5.ALB 6.ZTO 7.DOCU 8.MPWR 9.NOAH 10.PDD 0 12-01-25
2021-12-31	28	$109.5M	0	1BZUN 1.625 05-01-24 2ALB 3HTHT Top holdings2021-12-31 1.BZUN 1.625 05-01-24 2.ALB 3.HTHT 4.DQ 5.MOMO 1.25 07-01-25 6.ZTO 7.MLCO 8.PDD 0 12-01-25 9.YUMC 10.TUYA
2021-09-30	30	$271.9M	0	1DQ 2BILI 1.25 06-15-27 3ALB Top holdings2021-09-30 1.DQ 2.BILI 1.25 06-15-27 3.ALB 4.NOAH 5.BZUN 1.625 05-01-24 6.BEKE 7.TUYA 8.BILI 9.HTHT 10.DIS
2021-06-30	36	$410.5M	98	1DQ 2BILI 1.25 06-15-27 3BEKE Top holdings2021-06-30 1.DQ 2.BILI 1.25 06-15-27 3.BEKE 4.NOAH 5.TUYA 6.DIS 7.BILI 8.TME 9.GOTU 10.MU
2021-03-31	34	$393.8M	83	1DQ 2BEKE 3NOAH Top holdings2021-03-31 1.DQ 2.BEKE 3.NOAH 4.TAL 5.TUYA 6.TME 7.BILI 8.JD 9.IQ 3.75 12-01-23 10.BZUN 1.625 05-01-24
2020-12-31	29	$470.3M	79	1DQ 2NOAH 3BILI Top holdings2020-12-31 1.DQ 2.NOAH 3.BILI 4.ZTO 5.BABA 6.TAL 7.JD 8.GOTU 9.QCOM 10.BEKE
2020-09-30	39	$419.5M	68	1BABA 2ZTO 3TAL Top holdings2020-09-30 1.BABA 2.ZTO 3.TAL 4.NOAH 5.BILI 6.DQ 7.JD 8.GOTU 9.QCOM 10.HTHT
2020-06-30	40	$345.9M	78	1ZTO 2BABA 3TAL Top holdings2020-06-30 1.ZTO 2.BABA 3.TAL 4.BILI 5.MA 6.GOTU 7.DQ 8.V 9.TME 10.LRCXEUR
2020-03-31	38	$330.9M	86	1TAL 2BABA 3ZTO Top holdings2020-03-31 1.TAL 2.BABA 3.ZTO 4.GOTU 5.WDC 6.EDU 7.MU 8.DQ 9.SBUX 10.NVDA
2019-12-31	23	$416.2M	0	1BABA 2EDU 3TAL Top holdings2019-12-31 1.BABA 2.EDU 3.TAL 4.ZTO 5.GDDY 6.AAPL 7.MU 8.AMD 9.MLCO 10.ASML

Holding changes this quarter

Pinpoint Asset Management Ltd's most significant position changes for 2025-03-31: New buy: Full Truck Alliance -spn Adr (YMM); New buy: Pdd Holdings INC (PDD); New buy: Ishares Bitcoin Trust ETF (IBIT); New buy: Tesla INC (TSLA); New buy: Ke Holdings Inc-adr (BEKE).

Position changes disclosed by Pinpoint Asset Management Ltd for the quarter ending 2025-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	YMM	Full Truck Alliance -spn Adr	—	NEW	New buy
2	PDD	Pdd Holdings INC	—	NEW	New buy
3	IBIT	Ishares Bitcoin Trust ETF	—	NEW	New buy
4	TSLA	Tesla INC	—	NEW	New buy
5	BEKE	Ke Holdings Inc-adr	—	NEW	New buy
6	TAL	Tal Education Group- Adr	—	NEW	New buy
7	BABA	Alibaba Group Holding-sp Adr	—	NEW	New buy
8	CSIQ 2.5 10-01-25	Canadian Solar INC	—	NEW	New buy
9	GLD	Spdr Gold Shares	—	NEW	New buy
10	ZTO 1.5 09-01-27	Zto Express Ky INC	—	NEW	New buy
11	IBN	Icici Bank Ltd-spon Adr	—	NEW	New buy
12	HDB	Hdfc Bank Ltd-adr	—	NEW	New buy
13	HTHT 3 05-01-26	H World Group LTD	—	NEW	New buy
14	PDD 0 12-01-25	Pdd Holdings INC	—	NEW	New buy
15	WB 1.375 12-01-30	Weibo CORP	—	NEW	New buy
16	VNET	Vnet Group Inc-adr	—	NEW	New buy
17	LITE 0.5 06-15-28	Lumentum Holdings INC	—	NEW	New buy
18	RDY	Dr. Reddy's Laboratories-adr	—	NEW	New buy
19	DOCU	Docusign INC	—	NEW	New buy
20	COIN 0.25 04-01-30	Coinbase Global INC	—	NEW	New buy
21	COIN 0.5 06-01-26	Coinbase Global INC	—	NEW	New buy
22	TSM	Taiwan Semiconductor-sp Adr	—	NEW	New buy
23	LI	Li Auto INC - Adr	—	NEW	New buy
24	CYD	China Yuchai International Limited	—	NEW	New buy
25	BSX	Boston Scientific CORP	—	NEW	New buy
26	AS	Amer Sports, Inc.	—	NEW	New buy
27	AAPL	Apple INC	—	NEW	New buy
28	ACMR	Acm Research Inc-class A	—	NEW	New buy
29	SNDK	Sandisk CORP	—	NEW	New buy
30	TER	Teradyne INC	—	NEW	New buy
31	TTEN	Totalenergies Se -spon Adr	—	NEW	New buy
32	VRTX	Vertex Pharmaceuticals INC	—	NEW	New buy
33	META	Meta Platforms Inc-class A	—	NEW	New buy
34	ADI	Analog Devices INC	—	NEW	New buy
35	HSAI	Hesai Group	—	NEW	New buy
36	INTC	Intel CORP	—	NEW	New buy
37	LRCX	Lam Research CORP	—	NEW	New buy
38	ATAT	Atour Lifestyle Holdings-adr	—	NEW	New buy
39	CLS	Celestica INC	—	NEW	New buy
40	FUTU	Futu Holdings Ltd-adr	—	NEW	New buy
41	NVO	Novo-nordisk A/s-spons Adr	—	NEW	New buy
42	KT	Kt Corp-sp Adr	—	NEW	New buy
43	GOTU	Gaotu Techedu INC	—	NEW	New buy
44	GME	Gamestop Corp-class A	—	NEW	New buy
45	SGML	Sigma Lithium CORP	—	NEW	New buy
46	ERO	Ero Copper CORP	—	NEW	New buy
47	NOAH	Noah Holdings Ltd-spon Ads	—	NEW	New buy
48	VIK	Viking Holdings Ltd	—	NEW	New buy
49	CLF	Cleveland-cliffs INC	—	NEW	New buy
50	SCCO	Southern Copper CORP	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2025-03-31	2025-05-12	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-14	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-16	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-11	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-13	13F-HR	View on EDGAR
2021-03-31	2021-05-13	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-12	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-13	13F-HR	View on EDGAR
2019-12-31	2020-02-13	13F-HR	View on EDGAR

FAQ

What is Pinpoint Asset Management Ltd and what type of investor is it?

Pinpoint Asset Management 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 (2025-03-31), the firm manages a tracked equity portfolio valued at approximately $576.2M, spread across 88 disclosed positions.

What are Pinpoint Asset Management Ltd's largest equity positions?

Based on the latest 13F filing, Pinpoint Asset Management Ltd's top holdings by market value are: 1. Full Truck Alliance -spn Adr (YMM) — $98.8M (17.1%) 2. Pdd Holdings INC (PDD) — $76.1M (13.2%) 3. Ishares Bitcoin Trust ETF (IBIT) — $69.4M (12.1%) 4. Tesla INC (TSLA) — $47.5M (8.2%) 5. Ke Holdings Inc-adr (BEKE) — $41.3M (7.2%)

What changes did Pinpoint Asset Management Ltd make in its most recent portfolio filing?

In the latest quarter, Pinpoint Asset Management Ltd was primarily adding exposure — initiating 50 new positions and adding to 0 existing holdings. The largest of these moves: New buy: Full Truck Alliance -spn Adr (YMM); New buy: Pdd Holdings INC (PDD); New buy: Ishares Bitcoin Trust ETF (IBIT); New buy: Tesla INC (TSLA); New buy: Ke Holdings Inc-adr (BEKE)

What sectors does Pinpoint Asset Management Ltd focus on?

Pinpoint Asset Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 89.3% • Information Technology: 6.8% • Health Care: 2.6% • Communication Services: 0.9% • Materials: 0.3% • Industrials: 0.0%

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Pinpoint Asset Management Ltd: 13F Holdings & AI Insights

CIK: 0001803237

Diversified strategyHigh-turnover traderSector-focused

Total reported value

$576.2M

Reporting period: 2025-03-31 · Number of holdings: 88

Pinpoint Asset Management Ltd disclosed 88 holdings in its latest 13F filing for the period ending 2025-03-31, with total reported value of $576.2M and a quarterly turnover rate of 200.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "P"

Personality snowflake

Concentration: 33.46
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 74.64

Position sizes vary widely across the portfolio (a coefficient of variation of 2.54), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

New buy YMM
New buy PDD
New buy IBIT
New buy TSLA
New buy BEKE
New buy TAL

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	YMM	Full Truck Alliance -spn Adr	Stock-Other	17.14%	+17.14%	NEW
2	PDD	Pdd Holdings INC	Stock-Consumer Disc	13.20%	+13.20%	NEW
3	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	12.05%	+12.05%	NEW
4	TSLA	Tesla INC	Stock-Consumer Disc	8.24%	+8.24%	NEW
5	BEKE	Ke Holdings Inc-adr	Stock-Other	7.17%	+7.17%	NEW
6	TAL	Tal Education Group- Adr	Stock-Consumer Staples	5.71%	+5.71%	NEW
7	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	4.89%	+4.89%	NEW
8	CSIQ 2.5 10-01-25	Canadian Solar INC	Stock-Other	3.39%	+3.39%	NEW
9	GLD	Spdr Gold Shares	ETF-Commodities	2.58%	+2.58%	NEW
10	ZTO 1.5 09-01-27	Zto Express Ky INC	Stock-Other	2.07%	+2.07%	NEW
11	IBN	Icici Bank Ltd-spon Adr	Stock-Financials	1.95%	+1.95%	NEW
12	HDB	Hdfc Bank Ltd-adr	Stock-Financials	1.94%	+1.94%	NEW
13	HTHT 3 05-01-26	H World Group LTD	Stock-Other	1.94%	+1.94%	NEW
14	PDD 0 12-01-25	Pdd Holdings INC	Stock-Consumer Disc	1.64%	+1.64%	NEW
15	WB 1.375 12-01-30	Weibo CORP	Stock-Other	1.60%	+1.60%	NEW
16	VNET	Vnet Group Inc-adr	Stock-Other	1.03%	+1.03%	NEW
17	LITE 0.5 06-15-28	Lumentum Holdings INC	Stock-Tech	0.92%	+0.92%	NEW
18	RDY	Dr. Reddy's Laboratories-adr	Stock-Other	0.87%	+0.87%	NEW
19	DOCU	Docusign INC	Stock-Tech	0.80%	+0.80%	NEW
20	COIN 0.25 04-01-30	Coinbase Global INC	Stock-Financials	0.80%	+0.80%	NEW
21	COIN 0.5 06-01-26	Coinbase Global INC	Stock-Financials	0.76%	+0.76%	NEW
22	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.74%	+0.74%	NEW
23	LI	Li Auto INC - Adr	Stock-Other	0.62%	+0.62%	NEW
24	CYD	China Yuchai International Limited	Stock-Other	0.59%	+0.59%	NEW
25	BSX	Boston Scientific CORP	Stock-Healthcare	0.58%	+0.58%	NEW
26	AS	Amer Sports, Inc.	Stock-Consumer Disc	0.53%	+0.53%	NEW
27	AAPL	Apple INC	Stock-Tech	0.52%	+0.52%	NEW
28	ACMR	Acm Research Inc-class A	Stock-Other	0.50%	+0.50%	NEW
29	SNDK	Sandisk CORP	Stock-Tech	0.46%	+0.46%	NEW
30	TER	Teradyne INC	Stock-Tech	0.39%	+0.39%	NEW
31	TTEN	Totalenergies Se -spon Adr	Stock-Other	0.35%	+0.35%	NEW
32	VRTX	Vertex Pharmaceuticals INC	Stock-Healthcare	0.30%	+0.30%	NEW
33	META	Meta Platforms Inc-class A	Stock-Comm Services	0.27%	+0.27%	NEW
34	ADI	Analog Devices INC	Stock-Tech	0.25%	+0.25%	NEW
35	HSAI	Hesai Group	Stock-Other	0.25%	+0.25%	NEW
36	INTC	Intel CORP	Stock-Tech	0.24%	+0.24%	NEW
37	LRCX	Lam Research CORP	Stock-Tech	0.23%	+0.23%	NEW
38	ATAT	Atour Lifestyle Holdings-adr	Stock-Other	0.22%	+0.22%	NEW
39	CLS	Celestica INC	Stock-Tech	0.22%	+0.22%	NEW
40	FUTU	Futu Holdings Ltd-adr	Stock-Financials	0.20%	+0.20%	NEW
41	NVO	Novo-nordisk A/s-spons Adr	Stock-Healthcare	0.19%	+0.19%	NEW
42	KT	Kt Corp-sp Adr	Stock-Other	0.16%	+0.16%	NEW
43	GOTU	Gaotu Techedu INC	Stock-Other	0.15%	+0.15%	NEW
44	GME	Gamestop Corp-class A	Stock-Consumer Disc	0.12%	+0.12%	NEW
45	SGML	Sigma Lithium CORP	Stock-Other	0.12%	+0.12%	NEW
46	ERO	Ero Copper CORP	Stock-Other	0.11%	+0.11%	NEW
47	NOAH	Noah Holdings Ltd-spon Ads	Stock-Other	0.10%	+0.10%	NEW
48	VIK	Viking Holdings Ltd	Stock-Consumer Disc	0.10%	+0.10%	NEW
49	CLF	Cleveland-cliffs INC	Stock-Materials	0.10%	+0.10%	NEW
50	SCCO	Southern Copper CORP	Stock-Materials	0.10%	+0.10%	NEW

1–50 of 88

Portfolio Performance

Performance for Q3 2026

—

Performance Last 4 Quarters

—

Based on 3 months of available history

Based on 40% of reported portfolio value with available pricing

Stdev: +19.5%
Beta: +1.9
Alpha: +54.5%
Max Drawdown: 0%
Annualized Perf: +57.6%
Batting Avg vs S&P: +100%
Sortino: +12.72
Stutzer: —
Treynor: +0.25
Sterling: —
Calmar: —
Information Ratio: +4.51
Tracking Error: +11.4%
Stdev Down: +3.7%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.77
Sharpe: +2.44
Stdev Sectors: +30.7%
Skewness: -0.15
Kurtosis: -1.5
Upside Potential: +14.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-03-31	88	$576.2M	100	1YMM 2PDD 3IBIT Top holdings2025-03-31 1.YMM 2.PDD 3.IBIT 4.TSLA 5.BEKE 6.TAL 7.BABA 8.CSIQ 2.5 10-01-25 9.GLD 10.ZTO 1.5 09-01-27
2024-12-31	94	$564.2M	0	1IBIT 2YMM 3TSLA Top holdings2024-12-31 1.IBIT 2.YMM 3.TSLA 4.PDD 5.EDU 6.TCOM 7.NVDA 8.TAL 9.TSM 10.ZTO 1.5 09-01-27
2024-09-30	90	$466.0M	0	1PDD 2IBIT 3TSLA Top holdings2024-09-30 1.PDD 2.IBIT 3.TSLA 4.YMM 5.EDU 6.JD 7.FUTU 8.BEKE 9.NVDA 10.MSFT
2024-06-30	105	$709.7M	0	1PDD 2YMM 3IBIT Top holdings2024-06-30 1.PDD 2.YMM 3.IBIT 4.NVDA 5.EDU 6.MSFT 7.BILI 0.5 12-01-26 8.TSLA 9.NOAH 10.TCOM
2024-03-31	106	$623.0M	0	1PDD 2YMM 3IBIT Top holdings2024-03-31 1.PDD 2.YMM 3.IBIT 4.EDU 5.BILI 0.5 12-01-26 6.NVDA 7.MSFT 8.ZTO 1.5 09-01-27 9.TSLA 10.TCOM
2023-12-31	73	$451.9M	0	1PDD 2YMM 3NIO 0 02-01-26 Top holdings2023-12-31 1.PDD 2.YMM 3.NIO 0 02-01-26 4.EDU 5.BILI 0.5 12-01-26 6.VIPS 7.TSLA 8.MSFT 9.NTES 10.TME
2023-09-30	59	$427.1M	0	1YMM 2TSLA 3NIO 0 02-01-26 Top holdings2023-09-30 1.YMM 2.TSLA 3.NIO 0 02-01-26 4.PDD 5.PDD 0 12-01-25 6.MSFT 7.VIPS 8.BABA 9.EDU 10.ON
2023-06-30	51	$178.8B	0	1PDD 0 12-01-25 2NIO 0 02-01-26 3MOMO 1.25 07-01-25 Top holdings2023-06-30 1.PDD 0 12-01-25 2.NIO 0 02-01-26 3.MOMO 1.25 07-01-25 4.ZTO 5.BABA 6.SPWR 7.ATAT 8.TCOM 9.AMD 10.IQ 4 12-15-26
2023-03-31	73	$373.4M	0	1PDD 2BILI 1.25 06-15-27 3PDD 0 12-01-25 Top holdings2023-03-31 1.PDD 2.BILI 1.25 06-15-27 3.PDD 0 12-01-25 4.JOYY 0.75 06-15-25 5.YMM 6.NIO 0 02-01-26 7.MOMO 1.25 07-01-25 8.WOLF* 9.ON 10.GDSHDG 2 06-01-25
2022-12-31	37	$416.1M	0	1PDD 2BILI 1.25 06-15-27 3YMM Top holdings2022-12-31 1.PDD 2.BILI 1.25 06-15-27 3.YMM 4.ON 5.WOLF* 6.JOYY 0.75 06-15-25 7.TAL 8.PDD 0 12-01-25 9.GDSHDG 2 06-01-25 10.ZTO
2022-09-30	34	$301.8M	0	1WOLF2BILI 1.25 06-15-27 3ON Top holdings2022-09-30 1.WOLF 2.BILI 1.25 06-15-27 3.ON 4.WB 1.25 11-15-22 5.PDD 6.HTHT 0.375 11-01-22 7.PDD 0 12-01-25 8.ZTO 9.JOYY 0.75 06-15-25 10.EDU
2022-06-30	32	$251.6M	0	1DQ 2BILI 1.25 06-15-27 3PDD 0 12-01-25 Top holdings2022-06-30 1.DQ 2.BILI 1.25 06-15-27 3.PDD 0 12-01-25 4.ON 5.BABA 6.WB 1.25 11-15-22 7.ZTO 8.PDD 9.JOYY 0.75 06-15-25 10.NOAH
2022-03-31	29	$241.4M	0	1DQ 2ON 3BZUN 1.625 05-01-24 Top holdings2022-03-31 1.DQ 2.ON 3.BZUN 1.625 05-01-24 4.BILI 1.25 06-15-27 5.ALB 6.ZTO 7.DOCU 8.MPWR 9.NOAH 10.PDD 0 12-01-25
2021-12-31	28	$109.5M	0	1BZUN 1.625 05-01-24 2ALB 3HTHT Top holdings2021-12-31 1.BZUN 1.625 05-01-24 2.ALB 3.HTHT 4.DQ 5.MOMO 1.25 07-01-25 6.ZTO 7.MLCO 8.PDD 0 12-01-25 9.YUMC 10.TUYA
2021-09-30	30	$271.9M	0	1DQ 2BILI 1.25 06-15-27 3ALB Top holdings2021-09-30 1.DQ 2.BILI 1.25 06-15-27 3.ALB 4.NOAH 5.BZUN 1.625 05-01-24 6.BEKE 7.TUYA 8.BILI 9.HTHT 10.DIS
2021-06-30	36	$410.5M	98	1DQ 2BILI 1.25 06-15-27 3BEKE Top holdings2021-06-30 1.DQ 2.BILI 1.25 06-15-27 3.BEKE 4.NOAH 5.TUYA 6.DIS 7.BILI 8.TME 9.GOTU 10.MU
2021-03-31	34	$393.8M	83	1DQ 2BEKE 3NOAH Top holdings2021-03-31 1.DQ 2.BEKE 3.NOAH 4.TAL 5.TUYA 6.TME 7.BILI 8.JD 9.IQ 3.75 12-01-23 10.BZUN 1.625 05-01-24
2020-12-31	29	$470.3M	79	1DQ 2NOAH 3BILI Top holdings2020-12-31 1.DQ 2.NOAH 3.BILI 4.ZTO 5.BABA 6.TAL 7.JD 8.GOTU 9.QCOM 10.BEKE
2020-09-30	39	$419.5M	68	1BABA 2ZTO 3TAL Top holdings2020-09-30 1.BABA 2.ZTO 3.TAL 4.NOAH 5.BILI 6.DQ 7.JD 8.GOTU 9.QCOM 10.HTHT
2020-06-30	40	$345.9M	78	1ZTO 2BABA 3TAL Top holdings2020-06-30 1.ZTO 2.BABA 3.TAL 4.BILI 5.MA 6.GOTU 7.DQ 8.V 9.TME 10.LRCXEUR
2020-03-31	38	$330.9M	86	1TAL 2BABA 3ZTO Top holdings2020-03-31 1.TAL 2.BABA 3.ZTO 4.GOTU 5.WDC 6.EDU 7.MU 8.DQ 9.SBUX 10.NVDA
2019-12-31	23	$416.2M	0	1BABA 2EDU 3TAL Top holdings2019-12-31 1.BABA 2.EDU 3.TAL 4.ZTO 5.GDDY 6.AAPL 7.MU 8.AMD 9.MLCO 10.ASML

Holding changes this quarter

Position changes disclosed by Pinpoint Asset Management Ltd for the quarter ending 2025-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	YMM	Full Truck Alliance -spn Adr	—	NEW	New buy
2	PDD	Pdd Holdings INC	—	NEW	New buy
3	IBIT	Ishares Bitcoin Trust ETF	—	NEW	New buy
4	TSLA	Tesla INC	—	NEW	New buy
5	BEKE	Ke Holdings Inc-adr	—	NEW	New buy
6	TAL	Tal Education Group- Adr	—	NEW	New buy
7	BABA	Alibaba Group Holding-sp Adr	—	NEW	New buy
8	CSIQ 2.5 10-01-25	Canadian Solar INC	—	NEW	New buy
9	GLD	Spdr Gold Shares	—	NEW	New buy
10	ZTO 1.5 09-01-27	Zto Express Ky INC	—	NEW	New buy
11	IBN	Icici Bank Ltd-spon Adr	—	NEW	New buy
12	HDB	Hdfc Bank Ltd-adr	—	NEW	New buy
13	HTHT 3 05-01-26	H World Group LTD	—	NEW	New buy
14	PDD 0 12-01-25	Pdd Holdings INC	—	NEW	New buy
15	WB 1.375 12-01-30	Weibo CORP	—	NEW	New buy
16	VNET	Vnet Group Inc-adr	—	NEW	New buy
17	LITE 0.5 06-15-28	Lumentum Holdings INC	—	NEW	New buy
18	RDY	Dr. Reddy's Laboratories-adr	—	NEW	New buy
19	DOCU	Docusign INC	—	NEW	New buy
20	COIN 0.25 04-01-30	Coinbase Global INC	—	NEW	New buy
21	COIN 0.5 06-01-26	Coinbase Global INC	—	NEW	New buy
22	TSM	Taiwan Semiconductor-sp Adr	—	NEW	New buy
23	LI	Li Auto INC - Adr	—	NEW	New buy
24	CYD	China Yuchai International Limited	—	NEW	New buy
25	BSX	Boston Scientific CORP	—	NEW	New buy
26	AS	Amer Sports, Inc.	—	NEW	New buy
27	AAPL	Apple INC	—	NEW	New buy
28	ACMR	Acm Research Inc-class A	—	NEW	New buy
29	SNDK	Sandisk CORP	—	NEW	New buy
30	TER	Teradyne INC	—	NEW	New buy
31	TTEN	Totalenergies Se -spon Adr	—	NEW	New buy
32	VRTX	Vertex Pharmaceuticals INC	—	NEW	New buy
33	META	Meta Platforms Inc-class A	—	NEW	New buy
34	ADI	Analog Devices INC	—	NEW	New buy
35	HSAI	Hesai Group	—	NEW	New buy
36	INTC	Intel CORP	—	NEW	New buy
37	LRCX	Lam Research CORP	—	NEW	New buy
38	ATAT	Atour Lifestyle Holdings-adr	—	NEW	New buy
39	CLS	Celestica INC	—	NEW	New buy
40	FUTU	Futu Holdings Ltd-adr	—	NEW	New buy
41	NVO	Novo-nordisk A/s-spons Adr	—	NEW	New buy
42	KT	Kt Corp-sp Adr	—	NEW	New buy
43	GOTU	Gaotu Techedu INC	—	NEW	New buy
44	GME	Gamestop Corp-class A	—	NEW	New buy
45	SGML	Sigma Lithium CORP	—	NEW	New buy
46	ERO	Ero Copper CORP	—	NEW	New buy
47	NOAH	Noah Holdings Ltd-spon Ads	—	NEW	New buy
48	VIK	Viking Holdings Ltd	—	NEW	New buy
49	CLF	Cleveland-cliffs INC	—	NEW	New buy
50	SCCO	Southern Copper CORP	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2025-03-31	2025-05-12	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-14	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-16	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-11	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-13	13F-HR	View on EDGAR
2021-03-31	2021-05-13	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-12	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-13	13F-HR	View on EDGAR
2019-12-31	2020-02-13	13F-HR	View on EDGAR