BRILLIANCE ASSET MANAGEMENT LTD
Long book
$339.1M
Q1 2026
Positions
16
Top-10 weight
95%
concentration
Last quarter
+5.3%
SPY +14.8%
Turnover
63%
of book per quarter
Strategy in plain words
auto-generated from filingsBRILLIANCE ASSET MANAGEMENT LTD is a concentrated fundamental stock-picker, running a $339.1M US long book across 16 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PDD HOLDINGS INC, KANZHUN LTD - ADR, FULL TRUCK ALLIANCE -SPN ADR, ONTO INNOVATION INC, AMER SPORTS INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-8.7%
Q2 2024
+14.0%
Q3 2024
+7.6%
Q4 2024
+13.2%
Q1 2025
+18.2%
Q2 2025
+2.2%
Q3 2025
+1.0%
Q4 2025
-4.9%
Q1 2026
+5.3%
Sector allocation
Other 60%
Technology 29%
Consumer discretionary 11%
Long book by quarter
What does BRILLIANCE ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ONTO ONTO INNOVATION INC | Other | 193.8K | $39.8M | 11.7% | -22.3% |
| AS AMER SPORTS INC | Other | 1.0M | $32.9M | 9.7% | -64.4% |
| GOOG ALPHABET INC-CL C | Technology | 64.5K | $18.5M | 5.5% | -18.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 65.4K | $13.6M | 4.0% | New |
| TXN TEXAS INSTRUMENTS INC | Technology | 45.9K | $8.9M | 2.6% | +27.1% |
| NVDA NVIDIA CORP | Technology | 37.8K | $6.6M | 1.9% | New |
| U UNITY SOFTWARE INC | Technology | 73.4K | $1.6M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 16 | $339.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 6 | $254.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 7 | $187.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 7 | $153.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 9 | $302.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 7 | $443.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 9 | $390.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 15 | $398.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 10 | $453.1M | canonical | SEC ↗ |
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