Neumann Advisory Hong Kong Ltd
Long book
$317.5M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+8.5%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsNeumann Advisory Hong Kong Ltd is a concentrated fundamental stock-picker, specialised in industrials (76% of the long book), running a $317.5M US long book across 6 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: TESLA INC, ALPHABET INC-CL A, META PLATFORMS INC-CLASS A, AGORA INC-ADR, SINOVAC BIOTECH LTD.
Over the last 9 quarters its long book ran on average 6pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+7.5%
Q2 2024
+20.0%
Q3 2024
+47.1%
Q4 2024
-31.8%
Q1 2025
+24.3%
Q2 2025
+34.0%
Q3 2025
+0.3%
Q4 2025
-15.7%
Q1 2026
+8.5%
Sector allocation
Industrials 77%
Technology 22%
Healthcare 1%
Long book by quarter
What does Neumann Advisory own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 6 | $317.5M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 8, 2026 | 7 | $2.82B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 8, 2025 | 8 | $393.4M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 7, 2025 | 9 | $280.2M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 8, 2025 | 10 | $232.7M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 10 | $341.0M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 8, 2024 | 12 | $247.1M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 10, 2024 | 14 | $210.0M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 15 | $203.7M | $K fixed canonical | SEC ↗ |