Aspex Management (hk) Ltd 13F annual report

Aspex Management (hk) Ltd is an investment fund managing more than $4.57 billion ran by Fong, Bonnie. There are currently 32 companies in Bonnie’s portfolio. The largest investments include Marvell Technology Inc and Teradyne, together worth $714 million.

Limited to 30 biggest holdings

$4.57 billion Assets Under Management (AUM)

As of 7th August 2024, Aspex Management (hk) Ltd’s top holding is 5,680,656 shares of Marvell Technology Inc currently worth over $397 million and making up 8.7% of the portfolio value. Relative to the number of outstanding shares of Marvell Technology Inc, Aspex Management (hk) Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 2,140,519 shares of Teradyne worth $317 million, whose value grew 21.0% in the past six months. The third-largest holding is Sea Ltd worth $306 million and the next is Futu Hldgs Ltd worth $292 million, with 4,444,804 shares owned.

Currently, Aspex Management (hk) Ltd's portfolio is worth at least $4.57 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Aspex Management (hk) Ltd

The Aspex Management (hk) Ltd office and employees reside in Central, Hong Kong. According to the last 13-F report filed with the SEC, Fong, Bonnie serves as the Authorized Signatory at Aspex Management (hk) Ltd.

Recent trades

In the most recent 13F filing, Aspex Management (hk) Ltd revealed that it had opened a new position in New Oriental Ed Technology and bought 3,239,700 shares worth $252 million.

The investment fund also strengthened its position in Marvell Technology Inc by buying 242,992 additional shares. This makes their stake in Marvell Technology Inc total 5,680,656 shares worth $397 million. Marvell Technology Inc soared 7.5% in the past year.

On the other hand, there are companies that Aspex Management (hk) Ltd is getting rid of from its portfolio. Aspex Management (hk) Ltd closed its position in Coherent Corp on 13th August 2024. It sold the previously owned 893,553 shares for $54.2 million. Fong, Bonnie also disclosed a decreased stake in Sea Ltd by 0.4%. This leaves the value of the investment at $306 million and 4,282,103 shares.

One of the smallest hedge funds

The two most similar investment funds to Aspex Management (hk) Ltd are Brummer Multi-strategy Ab and Harvest Fund Advisors. They manage $4.56 billion and $4.55 billion respectively.


Fong, Bonnie investment strategy

Aspex Management (hk) Ltd’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 40.2% of the total portfolio value. The fund focuses on investments in the United States as 31.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 50% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $47.6 billion.

The complete list of Aspex Management (hk) Ltd trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Marvell Technology Inc
4.47%
5,680,656
$397,078,000 8.69%
Teradyne, Inc.
21.65%
2,140,519
$317,418,000 6.95%
Sea Ltd
42.36%
4,282,103
$305,828,000 6.69%
Futu Hldgs Ltd
3.11%
4,444,804
$291,601,000 6.38%
New Oriental Ed Technology
Opened
3,239,700
$251,822,000 5.51%
Dell Technologies Inc
192.52%
1,746,643
$240,880,000 5.27%
DoorDash Inc
2.64%
2,045,852
$222,548,000 4.87%
PDD Holdings Inc
135.54%
1,531,867
$203,662,000 4.46%
Las Vegas Sands Corp
63.07%
4,491,788
$198,762,000 4.35%
Lam Research Corp.
13.52%
184,961
$196,956,000 4.31%
NetEase Inc
32.63%
1,994,434
$190,628,000 4.17%
Tencent Music Entmt Group
25.20%
13,474,261
$189,313,000 4.14%
Micron Technology Inc.
48.21%
1,360,673
$178,969,000 3.92%
Qifu Technology Inc.
8.40%
7,905,491
$155,975,000 3.41%
Western Digital Corp.
Opened
2,043,922
$154,868,000 3.39%
Qualcomm, Inc.
31.55%
773,445
$154,055,000 3.37%
Li Auto Inc.
428.11%
6,865,463
$122,754,000 2.69%
Freeport-McMoRan Inc
No change
2,521,903
$122,564,000 2.68%
TAL Education Group
Opened
11,351,592
$121,121,000 2.65%
Zto Express Cayman Inc
22.20%
5,215,204
$108,215,000 2.37%
Atour Lifestyle Hldgs Ltd
56.05%
5,500,687
$100,938,000 2.21%
Gds Hldgs Ltd
No change
8,773,031
$81,501,000 1.78%
Maplebear Inc
Opened
2,439,507
$78,406,000 1.72%
Coherent Corp
Closed
893,553
$54,167,000
Kanzhun Limited
No change
2,821,520
$53,073,000 1.16%
HDFC Bank Ltd.
81.43%
726,915
$46,762,000 1.02%
JD.com Inc
Opened
1,474,715
$38,107,000 0.83%
Rlx Technology Inc
No change
12,123,409
$22,307,000 0.49%
Lanvin Group Holdings Limite
No change
4,500,000
$8,055,000 0.18%
Webtoon Entmt Inc
Opened
300,000
$6,849,000 0.15%
VNET Group Inc
No change
2,964,552
$6,211,000 0.14%
Prenetics Global Ltd
No change
346,150
$2,049,000 0.04%
Smart Sh Global Ltd
Closed
1,305,503
$858,000
Vicarious Surgical Inc
96.67%
86,666
$509,000 0.01%
Yatsen Hldg Ltd
Closed
2
$0
No transactions found
Showing first 500 out of 35 holdings