Yong Rong (HK) Asset Management Ltd
Long book
$218.5M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+40.3%
SPY +14.8%
Turnover
68%
of book per quarter
Strategy in plain words
auto-generated from filingsYong Rong (HK) Asset Management Ltd is a concentrated fundamental stock-picker, running a $218.5M US long book across 8 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: CIRCLE INTERNET GROUP INC, MICRON TECHNOLOGY INC, DIREXION DLY M SK BULL 3X-UI, SUPERX AI TECHNOLOGY LTD, SANDISK CORP.
Over the last 9 quarters its long book ran on average 5pp per quarter ahead of the S&P 500, beating the index in 6 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
+6.4%
Q2 2024
+5.8%
Q3 2024
+21.0%
Q4 2024
-21.4%
Q1 2025
+48.2%
Q2 2025
+27.9%
Q3 2025
-33.5%
Q4 2025
-9.7%
Q1 2026
+40.3%
Sector allocation
Financials 57%
Technology 33%
Services media 9%
Consumer staples 1%
Long book by quarter
What does Yong Rong own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRCL CIRCLE INTERNET GROUP INC | Financials | 1.2M | $110.0M | 50.3% | +16.0% |
| MU MICRON TECHNOLOGY INC | Technology | 134.9K | $45.6M | 20.9% | New |
| SUPX SUPERX AI TECHNOLOGY LTD | Services media | 2.1M | $17.1M | 7.8% | -22.1% |
| SNDK SANDISK CORP | Technology | 19.9K | $12.6M | 5.8% | -20.4% |
| EPOW E-POWER INC | Technology | 7.0M | $5.4M | 2.5% | Held |
| ISPR ISPIRE TECHNOLOGY INC | Consumer staples | 1.5M | $2.8M | 1.3% | 0.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 10 | $227.0M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 23 | $329.8M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 21 | $488.4M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 18 | $414.7M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 26 | $430.0M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 24 | $230.7M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 23 | $345.8M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 17 | $291.3M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 20 | $375.8M | $K fixed canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP