HCEP Management Ltd

High-turnover traderConcentrated strategySector-focused

Total reported value

$80.7M

Reporting period: 2026-03-31 · Number of holdings: 4

HCEP Management Ltd disclosed 4 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $80.7M and a quarterly turnover rate of 94.1%.

Browse other institutions with under $100M AUM Browse other institutions starting with "H"

Personality snowflake

Concentration: 100
Portfolio Stability: 94.09
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 8
Sizing Uniformity: 96.47

Recent moves

Trim BABA
-57.6%　-$45.1M
Add MNSO
-5.2%　-$3.4M
Trim UVXY
-55.5%　-$7.0M
New buy TSM
Sold out SNPS

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	33.28%	+33.28%	NEW
2	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	31.82%	-25.90%	-57.62%
3	MNSO	Miniso Group Holding Ltd-adr	Stock-Other	18.87%	+3.71%	-5.21%
4	UVXY	Proshares Ultra Vix St Futur	ETF-Other	16.03%	-0.25%	-55.50%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	4	$80.7M	94	1TSM 2BABA 3MNSO Top holdings2026-03-31 1.TSM 2.BABA 3.MNSO 4.UVXY
2025-12-31	4	$122.6M	63	1BABA 2UVXY 3MNSO Top holdings2025-12-31 1.BABA 2.UVXY 3.MNSO 4.SNPS
2025-09-30	10	$176.1M	93	1BABA 2MNSO 3SNPS Top holdings2025-09-30 1.BABA 2.MNSO 3.SNPS 4.TAL 5.QFIN 6.LX 7.BIDU 8.API 9.SY 10.TCOM
2025-06-30	9	$124.4M	0	1BABA 2MNSO 3TAL Top holdings2025-06-30 1.BABA 2.MNSO 3.TAL 4.QFIN 5.TCOM 6.LX 7.TQQQ 8.API 9.VNET
2025-03-31	13	$172.6M	100	1BABA 2TAL 3MNSO Top holdings2025-03-31 1.BABA 2.TAL 3.MNSO 4.TCOM 5.TQQQ 6.VNET 7.QFIN 8.API 9.TUYA 10.LX
2024-12-31	9	$125.0M	0	1BZ 2MNSO 3TAL Top holdings2024-12-31 1.BZ 2.MNSO 3.TAL 4.G11448 5.VNET 6.API 7.9C0A 8.TUYA 9.KC
2024-09-30	7	$274.4M	0	1TAL 2BEKE 3JD Top holdings2024-09-30 1.TAL 2.BEKE 3.JD 4.PDD 5.TSM 6.BZ 7.IQ
2024-06-30	9	$372.9M	0	1TSM 2BEKE 3IQ Top holdings2024-06-30 1.TSM 2.BEKE 3.IQ 4.TAL 5.MU 6.JD 7.GOTU 8.BZ 9.WOLF*
2024-03-31	16	$532.0M	0	1BEKE 2TSM 3IQ Top holdings2024-03-31 1.BEKE 2.TSM 3.IQ 4.TAL 5.YMM 6.PDD 7.FUTU 8.GOTU 9.PBR 10.TCOM
2023-12-31	16	$479.6M	0	1BEKE 2IQ 3PDD Top holdings2023-12-31 1.BEKE 2.IQ 3.PDD 4.TAL 5.YMM 6.FUTU 7.YINN 8.TCOM 9.EDU 10.NTES
2023-09-30	15	$385.7M	0	1BEKE 2IQ 3YMM Top holdings2023-09-30 1.BEKE 2.IQ 3.YMM 4.PDD 5.FUTU 6.YINN 7.TCOM 8.TAL 9.NTES 10.RLX
2023-06-30	12	$527.0M	0	1BEKE 2BABA 3PDD Top holdings2023-06-30 1.BEKE 2.BABA 3.PDD 4.IQ 5.YMM 6.SQQQ 7.COHR 8.TOUR 9.API 10.RLX
2023-03-31	10	$505.4M	0	1BEKE 2BABA 3IQ Top holdings2023-03-31 1.BEKE 2.BABA 3.IQ 4.YMM 5.BIDU 6.ZTO 7.PDD 8.SQQQ 9.TOUR 10.API
2022-12-31	7	$400.0M	0	1BEKE 2BABA 3BIDU Top holdings2022-12-31 1.BEKE 2.BABA 3.BIDU 4.YMM 5.ZTO 6.PDD 7.API
2022-09-30	4	$128.2M	0	1BEKE 2YMM 3PDD Top holdings2022-09-30 1.BEKE 2.YMM 3.PDD 4.API
2022-06-30	5	$147.9M	0	1BEKE 2YMM 3PDD Top holdings2022-06-30 1.BEKE 2.YMM 3.PDD 4.BILI 5.API
2022-03-31	6	$152.9M	0	1BEKE 2SQQQ 3TSLA Top holdings2022-03-31 1.BEKE 2.SQQQ 3.TSLA 4.YMM 5.PDD 6.API
2021-12-31	5	$164.7M	0	1BEKE274347G3YMM Top holdings2021-12-31 1.BEKE 2.74347G 3.YMM 4.PDD 5.API
2021-09-30	2	$47.2M	0	1WOLF2BEKE Top holdings2021-09-30 1.WOLF 2.BEKE
2021-06-30	5	$126.7M	100	1ZTO 2BEKE 3TSM Top holdings2021-06-30 1.ZTO 2.BEKE 3.TSM 4.NTES 5.16955F
2021-03-31	7	$136.2M	54	1JD 2ZTO 3BEKE Top holdings2021-03-31 1.JD 2.ZTO 3.BEKE 4.NTES 5.74347G 6.PDD 7.ZH
2020-12-31	6	$174.3M	0	1JD 2PDD 3ZTO Top holdings2020-12-31 1.JD 2.PDD 3.ZTO 4.BEKE 5.VNET 6.JOYY

Holding changes this quarter

HCEP Management Ltd's most significant position changes for 2026-03-31: New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Synopsys INC (SNPS); Trim: Alibaba Group Holding-sp Adr (BABA) — shares -57.62%; Trim: Miniso Group Holding Ltd-adr (MNSO) — shares -5.21%; Trim: Proshares Ultra Vix St Futur (UVXY) — shares -55.50%.

Position changes disclosed by HCEP Management 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	MNSO	Miniso Group Holding Ltd-adr	+3.7%	-5.21%	Trim
2	UVXY	Proshares Ultra Vix St Futur	-0.3%	-55.50%	Trim
3	BABA	Alibaba Group Holding-sp Adr	-25.9%	-57.62%	Trim
4	TSM	Taiwan Semiconductor-sp Adr	—	NEW	New buy
5	SNPS	Synopsys INC	—	EXIT	Sold out

FAQ

What is HCEP Management Ltd and what type of investor is it?

HCEP 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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $80.7M, spread across 4 disclosed positions.

What are HCEP Management Ltd's largest equity positions?

Based on the latest 13F filing, HCEP Management Ltd's top holdings by market value are: 1. Taiwan Semiconductor-sp Adr (TSM) — $26.8M (33.3%) 2. Alibaba Group Holding-sp Adr (BABA) — $25.7M (31.8%) 3. Miniso Group Holding Ltd-adr (MNSO) — $15.2M (18.9%) 4. Proshares Ultra Vix St Futur (UVXY) — $12.9M (16.0%)

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

In the latest reported quarter, HCEP Management Ltd made 5 notable position adjustments: 1 new positions were initiated, 0 existing holdings were added to, 3 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Synopsys INC (SNPS); Trim: Alibaba Group Holding-sp Adr (BABA) — shares -57.62%; Trim: Miniso Group Holding Ltd-adr (MNSO) — shares -5.21%; Trim: Proshares Ultra Vix St Futur (UVXY) — shares -55.50%

What sectors does HCEP Management Ltd focus on?

HCEP Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 51.1% • Consumer Discretionary: 48.9%