New Thinking (hong Kong) Investment Management Co. Ltd 13F annual report

New Thinking (hong Kong) Investment Management Co. Ltd is an investment fund managing more than $23.2 million ran by Zhang Mengfei. There are currently 6 companies in Mengfei’s portfolio. The largest investments include Taiwan Semiconductor Mfg Ltd and Meta Platforms Inc, together worth $11.9 million.

$23.2 million Assets Under Management (AUM)

As of 12th July 2024, New Thinking (hong Kong) Investment Management Co. Ltd’s top holding is 45,100 shares of Taiwan Semiconductor Mfg Ltd currently worth over $7.84 million and making up 33.8% of the portfolio value. In addition, the fund holds 8,130 shares of Meta Platforms Inc worth $4.1 million, whose value grew 24.1% in the past six months. The third-largest holding is PDD Inc worth $3.73 million and the next is Tesla Inc worth $3.54 million, with 17,900 shares owned.

Currently, New Thinking (hong Kong) Investment Management Co. Ltd's portfolio is worth at least $23.2 million. 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 New Thinking (hong Kong) Investment Management Co. Ltd

The New Thinking (hong Kong) Investment Management Co. Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Zhang Mengfei serves as the DIRECTOR at New Thinking (hong Kong) Investment Management Co. Ltd.

Recent trades

In the most recent 13F filing, New Thinking (hong Kong) Investment Management Co. Ltd revealed that it had opened a new position in Taiwan Semiconductor Mfg Ltd and bought 45,100 shares worth $7.84 million.

The investment fund also strengthened its position in PDD Inc by buying 8,484 additional shares. This makes their stake in PDD Inc total 28,050 shares worth $3.73 million. PDD Inc soared 75.2% in the past year.

On the other hand, Zhang Mengfei disclosed a decreased stake in Alphabet Inc by 0.8%. This leaves the value of the investment at $1.87 million and 10,290 shares.

One of the smallest hedge funds

The two most similar investment funds to New Thinking (hong Kong) Investment Management Co. Ltd are Battery Partners Ix and Ah Equity Partners V, L.L.C. They manage $23.2 million and $23.1 million respectively.

Zhang Mengfei investment strategy

New Thinking (hong Kong) Investment Management Co. Ltd’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 34.9% of the total portfolio value. The fund focuses on investments in the United States as 66.7% 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 83% 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 $561 billion.

The complete list of New Thinking (hong Kong) Investment Management Co. Ltd trades based on 13F SEC filings

These positions were updated on July 19th 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
Taiwan Semiconductor Mfg Ltd	Opened 45,100	$7,839,000	33.78%
Meta Platforms Inc	Opened 8,130	$4,099,000	17.66%
PDD Holdings Inc	43.36% 28,050	$3,728,000	16.06%
Tesla Inc	Opened 17,900	$3,542,000	15.26%
NVIDIA Corp	Opened 17,220	$2,127,000	9.16%
Alphabet Inc	79.82% 10,290	$1,874,000	8.07%
No transactions found
Showing first 500 out of 6 holdings