Polymer Capital Management (HK) LTD
Long book
$713.5M
Q1 2026
Positions
147
Top-10 weight
45%
concentration
Last quarter
+27.4%
SPY +14.8%
Turnover
61%
of book per quarter
Strategy in plain words
auto-generated from filingsPolymer Capital Management (HK) LTD is a quantitative fund whose holdings reflect models, not opinions, running a $713.5M US long book across 147 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NVIDIA CORP, PDD HOLDINGS INC, ELI LILLY & CO, SANDISK CORP, SPDR GOLD SHARES.
Over the last 9 quarters its long book ran on average 4.5pp per quarter ahead of the S&P 500, beating the index in 8 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+6.8%
Q2 2024
+8.8%
Q3 2024
+5.1%
Q4 2024
-4.7%
Q1 2025
+11.0%
Q2 2025
+18.3%
Q3 2025
+6.5%
Q4 2025
+1.3%
Q1 2026
+27.4%
Sector allocation
Technology 49%
Healthcare 20%
Industrials 11%
Other 9%
Services media 3%
Financials 3%
Consumer discretionary 3%
Materials 1%
Long book by quarter
What does Polymer Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 421.1K | $73.4M | 10.3% | +75.1% |
| LLY ELI LILLY & CO | Healthcare | 43.4K | $40.0M | 5.6% | -5.2% |
| SNDK SANDISK CORP | Technology | 62.0K | $39.4M | 5.5% | -6.1% |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 57.8K | $19.1M | 2.7% | +57.2% |
| GIL GILDAN ACTIVEWEAR INC | Other | 239.4K | $13.3M | 1.9% | +185.4% |
| GOOG ALPHABET INC-CL C | Technology | 44.9K | $12.9M | 1.8% | -50.6% |
| PANW PALO ALTO NETWORKS INC | Technology | 72.9K | $11.7M | 1.6% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 47.6K | $9.9M | 1.4% | +2027.3% |
| GLW CORNING INC | Industrials | 72.8K | $9.9M | 1.4% | +688.9% |
| FRO FRONTLINE PLC | Industrials | 280.0K | $9.8M | 1.4% | New |
| TPR TAPESTRY INC | Other | 69.1K | $9.8M | 1.4% | +20.1% |
| MU MICRON TECHNOLOGY INC | Technology | 28.3K | $9.6M | 1.3% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 42.8K | $8.7M | 1.2% | +77.4% |
| IREN IREN LTD | Financials | 252.6K | $8.7M | 1.2% | +1701.7% |
| AS AMER SPORTS INC | Other | 249.3K | $8.2M | 1.2% | -1.3% |
| MOD MODINE MANUFACTURING CO | Industrials | 36.8K | $8.0M | 1.1% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 10.6K | $7.4M | 1.0% | -5.8% |
| COHR COHERENT CORP | Other | 30.3K | $7.2M | 1.0% | -53.3% |
| AXTI AXT INC | Technology | 115.6K | $6.6M | 0.9% | New |
| ERAS ERASCA INC | Healthcare | 357.7K | $5.8M | 0.8% | New |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 32.8K | $5.8M | 0.8% | New |
| WDC WESTERN DIGITAL CORP | Technology | 20.2K | $5.5M | 0.8% | -66.8% |
| AVGO BROADCOM INC | Technology | 16.7K | $5.2M | 0.7% | -65.8% |
| MRK MERCK & CO. INC. | Healthcare | 42.6K | $5.1M | 0.7% | New |
| ABNB AIRBNB INC-CLASS A | Services media | 37.4K | $4.7M | 0.7% | +33.5% |
| IONS IONIS PHARMACEUTICALS INC | Healthcare | 61.2K | $4.6M | 0.6% | New |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 1.1M | $3.9M | 0.6% | +621.6% |
| META META PLATFORMS INC-CLASS A | Technology | 6.7K | $3.8M | 0.5% | -42.9% |
| GOOGL ALPHABET INC-CL A | Technology | 11.6K | $3.3M | 0.5% | +10.0% |
| ETN EATON CORP PLC | Industrials | 9.0K | $3.2M | 0.5% | New |
| H HYATT HOTELS CORP - CL A | Services media | 20.2K | $2.9M | 0.4% | New |
| AVBP ARRIVENT BIOPHARMA INC | Healthcare | 122.3K | $2.8M | 0.4% | New |
| BE BLOOM ENERGY CORP- A | Industrials | 20.0K | $2.7M | 0.4% | New |
| CRVS CORVUS PHARMACEUTICALS INC | Healthcare | 183.2K | $2.7M | 0.4% | New |
| MANE VERADERMICS INC | Healthcare | 41.3K | $2.6M | 0.4% | New |
| SITM SITIME CORP | Technology | 7.5K | $2.6M | 0.4% | New |
| SMMT SUMMIT THERAPEUTICS INC | Healthcare | 133.0K | $2.5M | 0.4% | -90.6% |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 12.7K | $2.5M | 0.4% | +319.0% |
| DHT DHT HOLDINGS INC | Industrials | 134.0K | $2.4M | 0.3% | New |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 2.2K | $2.4M | 0.3% | -31.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 8.5K | $2.3M | 0.3% | New |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 23.2K | $2.3M | 0.3% | New |
| SN SHARKNINJA INC | Industrials | 20.0K | $2.1M | 0.3% | New |
| INTC INTEL CORP | Technology | 47.8K | $2.1M | 0.3% | New |
| AAPL APPLE INC | Technology | 8.1K | $2.1M | 0.3% | +127.5% |
| V VISA INC-CLASS A SHARES | Services media | 6.3K | $1.9M | 0.3% | +520.7% |
| CTAS CINTAS CORP | Other | 10.9K | $1.8M | 0.3% | New |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 3.7K | $1.8M | 0.3% | +37.8% |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 25.4K | $1.7M | 0.2% | -12.3% |
| NET CLOUDFLARE INC - CLASS A | Technology | 7.8K | $1.6M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 154 | $1.16B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 127 | $703.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 246 | $725.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 150 | $661.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 131 | $586.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 169 | $576.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 151 | $432.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 157 | $493.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 194 | $397.2M | canonical | SEC ↗ |
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