BRILLIANCE ASSET MANAGEMENT LTD

CIK 1665751 · View on SEC EDGAR ↗

Portfolio value
$339.3M
#4,814 of 9,443 by 13F value · top 51.0%
Positions
11
As of
June 30, 2026

Portfolio value QoQ: +0.1% 13F does not disclose cash

Top 10 holdings weight
98.88%
Top 25 holdings weight
100.00%
Positions above 1%
11
Effective number of positions
4.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 34.22% Est. buys $127,175,292 · sells $116,073,511

Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 50.0% still held

New positions
2
Increased
5
Decreased
3
Closed
7
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+40.6%
S&P 500 total return (same window)
+28.1%
Excess return
+12.5%

Annualized: +25.6% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

Industrials
43.2%
Retail
38.0%
Technology
7.4%
Communication Services
6.8%
Financial Services
3.4%
Consumer Discretionary
1.1%

Full portfolio 11 positions

Type Streak 8Q trend
PDD PDD Holdings Inc. - American Depositary Shares $119,172,549 35.12% 1,562,304 $47,187,863 Up ×2
YMM Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) $82,237,208 24.23% 10,127,735 $28,101,454 Up ×1
BZ KANZHUN LIMITED - American Depository Shares $64,452,278 18.99% 5,007,947 $-2,231,663 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $23,172,061 6.83% 41,137 Up ×1
TXN Texas Instruments Incorporated - Common Stock $12,664,994 3.73% 34,511 $3,752,803 Down ×1
AMZN Amazon.com, Inc. - Common Stock $9,742,624 2.87% 40,877 $-3,881,566 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $8,486,896 2.50% 17,771 $5,780,254 Up ×1
LX LexinFintech Holdings Ltd. - American Depositary Shares $7,486,522 2.21% 3,800,265 $-798,056
NVDA NVIDIA Corporation - Common Stock $4,077,034 1.20% 18,206 $-2,517,030 Down ×1
KSPI Joint Stock Company Kaspi.kz - American Depository Shares $4,059,517 1.20% 46,855 Up ×1
TCOM Trip.com Group Limited - American Depositary Shares $3,793,206 1.12% 95,211 $-679,828 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
META $23,172,061 41,137 6.83%
KSPI $4,059,517 46,855 1.20%

Top movers (QoQ)

Security Action Shares Δ Value Δ
PDD Bought more +858K +$47.2M
YMM Bought more +3.6M +$28.1M
TSM Bought more +10K +$5.8M
AMZN Trimmed -25K -$3.9M
TXN Trimmed -11K +$3.8M
NVDA Trimmed -20K -$2.5M
BZ Bought more +28K -$2.2M
LX Price move only +0 -$798K
TCOM Bought more +5K -$680K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
PDD March 31, 2025 646,212 $62,676,102 -25.2%
LI Dec. 31, 2025 1,781,895 $45,153,219 -24.6%
ONTO June 30, 2026 193,838 $39,750,359 -21.7%
YMM Sept. 30, 2025 2,847,336 $33,627,038 -33.2%
AS June 30, 2026 1,000,334 $32,930,995 -2.1%
GOOG June 30, 2026 64,476 $18,495,585 -3.7%
FUTU June 30, 2025 173,472 $17,754,859 -10.0%
BZ Sept. 30, 2025 936,436 $16,706,018 -32.1%
EDU Dec. 31, 2025 244,534 $12,977,419 2.7%
TPR June 30, 2025 137,541 $9,684,262 48.6%
GOOG June 30, 2025 38,738 $6,052,038 91.7%
FUTU June 30, 2026 41,607 $5,690,173 18.6%
AMD Sept. 30, 2025 33,665 $4,777,064 188.0%
ZTO June 30, 2026 112,444 $2,830,215 -5.4%
NVDA Dec. 31, 2025 13,414 $2,502,784 17.5%
U June 30, 2026 73,389 $1,610,155 63.6%
BABA June 30, 2026 2,754 $345,517 30.5%