Filed: 11/13/2025ACC: 0001822015-25-000011
📋 What this filing means
HCEP MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 10 equity positions with a total reported market value of $176.12M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
10
Positions
$176.12M
Total AUM (reported)
5.80M
Total Shares
Allocation by class
SPONSORED ADS$133.96M76.1%
COM$13.95M7.9%
AMERICAN DEP$10.13M5.8%
ADR$9.12M5.2%
SPON ADR REP A$5.57M3.2%
ADS$3.38M1.9%
Portfolio Concentration
Top 3$134.92M76.6%
4–10$41.20M23.4%
Top 3 weight
76.6%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 5.80M
Sole
Full voting authority
5.80M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole10
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings10
Rows:
ALIBABA GROUP HLDG LTD
SOLEShares551.13K
TypeSH
Market value$98.50M
55.93%
Sole
551.13K
Shared
0.00
None
0.00
MINISO GROUP HLDG LTD
SOLEShares998.25K
TypeSH
Market value$22.46M
12.75%
Sole
998.25K
Shared
0.00
None
0.00
SYNOPSYS INC
SOLEShares28.28K
TypeSH
Market value$13.95M
7.92%
Sole
28.28K
Shared
0.00
None
0.00
TAL EDUCATION GROUP
SOLEShares991.02K
TypeSH
Market value$11.10M
6.30%
Sole
991.02K
Shared
0.00
None
0.00
QFIN HOLDINGS INC
SOLEShares352.01K
TypeSH
Market value$10.13M
5.75%
Sole
352.01K
Shared
0.00
None
0.00
LEXINFINTECH HLDGS LTD
SOLEShares1.71M
TypeSH
Market value$9.12M
5.18%
Sole
1.71M
Shared
0.00
None
0.00
BAIDU INC
SOLEShares42.27K
TypeSH
Market value$5.57M
3.16%
Sole
42.27K
Shared
0.00
None
0.00
AGORA INC
SOLEShares622.77K
TypeSH
Market value$2.38M
1.35%
Sole
622.77K
Shared
0.00
None
0.00
SO YOUNG INTERNATIONAL INC
SOLEShares490.70K
TypeSH
Market value$1.90M
1.08%
Sole
490.70K
Shared
0.00
None
0.00
TRIP COM GROUP LTD
SOLEShares13.30K
TypeSH
Market value$1.00M
0.57%
Sole
13.30K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ALIBABA GROUP HLDG LTDSOLE | SPONSORED ADS | 551.13K | SH | $98.50M 55.93% | 551.13K | 0.00 | 0.00 |
MINISO GROUP HLDG LTDSOLE | SPONSORED ADS | 998.25K | SH | $22.46M 12.75% | 998.25K | 0.00 | 0.00 |
SYNOPSYS INCSOLE | COM | 28.28K | SH | $13.95M 7.92% | 28.28K | 0.00 | 0.00 |
TAL EDUCATION GROUPSOLE | SPONSORED ADS | 991.02K | SH | $11.10M 6.30% | 991.02K | 0.00 | 0.00 |
QFIN HOLDINGS INCSOLE | AMERICAN DEP | 352.01K | SH | $10.13M 5.75% | 352.01K | 0.00 | 0.00 |
LEXINFINTECH HLDGS LTDSOLE | ADR | 1.71M | SH | $9.12M 5.18% | 1.71M | 0.00 | 0.00 |
BAIDU INCSOLE | SPON ADR REP A | 42.27K | SH | $5.57M 3.16% | 42.27K | 0.00 | 0.00 |
AGORA INCSOLE | ADS | 622.77K | SH | $2.38M 1.35% | 622.77K | 0.00 | 0.00 |
SO YOUNG INTERNATIONAL INCSOLE | SPONSORED ADS | 490.70K | SH | $1.90M 1.08% | 490.70K | 0.00 | 0.00 |
TRIP COM GROUP LTDSOLE | ADS | 13.30K | SH | $1.00M 0.57% | 13.30K | 0.00 | 0.00 |