HCEP Management Ltd

CIK 1822015 · View on SEC EDGAR ↗

Portfolio value
$61.3M
#8,638 of 9,443 by 13F value · top 91.5%
Positions
4
As of
June 30, 2026

Portfolio value QoQ: -24.0% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
4
Effective number of positions
2.2

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

Turnover Q2 2026: 1.59% Est. buys $1,127,065 · sells $14,852,152

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 19.0% still held

New positions
0
Increased
1
Decreased
2
Closed
1
On this page

Sector breakdown

Technology
63.7%
Retail
26.3%
Other/Unmapped
10.0%

Full portfolio 4 positions

Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $39,065,226 63.70% 81,800 $12,218,478 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $9,018,569 14.70% 93,963 $-16,645,654 Down ×4
MNSO MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares $7,094,862 11.57% 588,297 $-8,126,982 Down ×3
UVXY $6,152,509 10.03% 247,188 $-6,775,423

Top movers (QoQ)

Security Action Shares Δ Value Δ
BABA Trimmed -111K -$16.6M
TSM Bought more +2K +$12.2M
MNSO Trimmed -351K -$8.1M
UVXY Price move only +0 -$6.8M

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
BZ March 31, 2025 3,000,000 $41,400,000 -17.5%
SNPS March 31, 2026 28,279 $13,283,212 1.6%
BTDR March 31, 2025 533,054 $11,551,280 -2.2%
TAL Dec. 31, 2025 991,024 $11,099,469 11.7%
QFIN Dec. 31, 2025 352,013 $10,130,934 -39.0%
LX Dec. 31, 2025 1,711,539 $9,122,503 -58.7%
BIDU Dec. 31, 2025 42,272 $5,570,181 -30.1%
TUYA June 30, 2025 1,312,706 $3,977,499 -23.8%
UVXYXXXX Sept. 30, 2025 131,309 $2,462,044 No longer tracked
API Dec. 31, 2025 622,770 $2,378,981 9.5%
SY Dec. 31, 2025 490,702 $1,899,017 -12.9%
CANG June 30, 2025 480,906 $1,822,634 -30.7%
INTC June 30, 2025 77,080 $1,750,487 311.4%
ACMR June 30, 2025 43,650 $1,018,791 208.9%
TCOM Dec. 31, 2025 13,300 $1,000,160 -36.1%
VNET Sept. 30, 2025 90,660 $625,554 -34.9%
KC March 31, 2025 50,965 $534,623 -18.4%