IvyRock Asset Management (HK) Ltd — 13F Holdings & Portfolio
CIK 1809525 · latest 13F-HR filed 2026-08-04
IvyRock Asset Management (HK) Ltd manages $176.9M in 13F-reported U.S. long-equity assets across 25 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PDD (50.64%), BABA (13.38%), LEGN (13.08%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 3; 11 existing positions rose in reported value and 8 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-04
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 97.4%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Sep 29, 2026.
183 QUEEN'S ROAD CENTRAL, SHEUNG WAN
HONG KONG 00000
Hong Kong
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DUANMU, YONGSHAN Control | DIRECTOR/ CHIEF OPERATING OFFICER/ CHIEF COMPLIANCE OFFICER since May 2018 | Less than 5% | Individual |
| GOLD STAND GOAL LIMITED Control | SHAREHOLDER since Oct 2022 | 75% or more | Foreign Entity |
| HUANG, YONG Control | DIRECTOR / CHIEF INVESTMENT OFFICER since Jun 2013 | Less than 5% | Individual |
| xu, gang Control | DIRECTOR since Jul 2018 | Less than 5% | Individual |
| HUANG, YONG Control Indirect owner via GOLD STAND GOAL LIMITED | SHAREHOLDER since Jul 2020 | 50–75% | Individual |
Ownership & leadership changes · 8 filings with changes since Mar 20, 2017
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- ChangedHUANG, YONG · indirect via GOLD STAND GOAL LIMITED: ownership 75% or more → 50–75%
- No longer listedGOLD STAND GOAL LIMITED · SHAREHOLDER · 75% or more · indirect via IVYROCK ASSET MANAGEMENT (CAYMAN) LIMITED · control person · listed since Apr 2008
- No longer listedIVYROCK ASSET MANAGEMENT (CAYMAN) LIMITED · SHAREHOLDER · 75% or more · control person · listed since Feb 2011
- AddedGOLD STAND GOAL LIMITED · SHAREHOLDER · 75% or more · control person
- ChangedHUANG, YONG · title CHIEF INVESTMENT OFFICER / DIRECTOR / DIRECTOR / CHIEF INVESTMENT OFFICER → DIRECTOR / CHIEF INVESTMENT OFFICER
- No longer listedCHEUNG, LUI · SHAREHOLDER · 25–50% · indirect via GOLD STAND GOAL LIMITED · control person · listed since Oct 2006
- ChangedDUANMU, YONGSHAN · title DIRECTOR/ CHIEF OPERATING OFFICER → DIRECTOR/ CHIEF OPERATING OFFICER/ CHIEF COMPLIANCE OFFICER
- ChangedHUANG, YONG · indirect via GOLD STAND GOAL LIMITED: ownership 50–75% → 75% or more
- ChangedHUANG, YONG · title DIRECTOR / CHIEF INVESTMENT OFFICER → CHIEF INVESTMENT OFFICER / DIRECTOR / DIRECTOR / CHIEF INVESTMENT OFFICER
- AddedHUANG, YONG · SHAREHOLDER · 50–75% · indirect via GOLD STAND GOAL LIMITED · control person
- ChangedCHEUNG, LUI · indirect via GOLD STAND GOAL LIMITED: ownership 75% or more → 25–50%
- ChangedDUANMU, YONGSHAN · title CHEIF OPERATING OFFICER → DIRECTOR/ CHIEF OPERATING OFFICER
- No longer listedCHEUNG, LUI · DIRECTOR · Less than 5% · control person · listed since Mar 2017
- Addedxu, gang · DIRECTOR · Less than 5% · control person
- No longer listedCHENG, WAI MAN · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Nov 2013
- AddedDUANMU, YONGSHAN · CHEIF OPERATING OFFICER · Less than 5% · control person
- No longer listedWENG, JIYI · DIRECTOR · Less than 5% · control person · listed since Apr 2010
- AddedCHEUNG, LUI · DIRECTOR · Less than 5% · control person
- ListedCHENG, WAI MAN · CHIEF OPERATING OFFICER · Less than 5% · control person
- ListedCHEUNG, LUI · SHAREHOLDER · 75% or more · indirect via GOLD STAND GOAL LIMITED · control person
- ListedGOLD STAND GOAL LIMITED · SHAREHOLDER · 75% or more · indirect via IVYROCK ASSET MANAGEMENT (CAYMAN) LIMITED · control person
- ListedHUANG, YONG · DIRECTOR / CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ListedIVYROCK ASSET MANAGEMENT (CAYMAN) LIMITED · SHAREHOLDER · 75% or more · control person
- ListedWENG, JIYI · DIRECTOR · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ALIBABA GROUP HLDG LTD$11.5M +95.2%
- CIRCLE INTERNET GROUP INC$9.8M +122.9%
- LEGEND BIOTECH CORP$8.6M +59.1%
- ISHARES BITCOIN TRUST ETF$1.8M +28.3%
- ADVANCED MICRO DEVICES$275.8K +90.4%
Top Trims
- PDD HOLDINGS INC-$27.4M -23.4%
- HUYA INC-$1.0M -30.3%
- SPROTT FDS TR-$201.4K -48.9%
- SPDR GOLD SHARES-$185.7K -14.4%
- INTELLIA THERAPEUTICS INC-$85.0K -33.4%
Exited Positions
- TESLA INC$5.1M
- ARRIVENT BIOPHARMA INC$369.1K
- VANECK GOLD MINERS ETF$229.4K
IvyRock Asset Management (HK) Ltd Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 722304102 | $89.6M | 50.64% | 1,174,549 | SH |
| 2 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $23.7M | 13.38% | 246,700 | SH |
| 3 | LEGEND BIOTECH CORP | LEGN | 52490G102 | $23.1M | 13.08% | 801,000 | SH |
| 4 | CIRCLE INTERNET GROUP INC | CRCL | 172573107 | $17.8M | 10.04% | 283,500 | SH |
| 5 | ISHARES BITCOIN TRUST ETF | IBIT | 46438F101 | $8.2M | 4.64% | 246,400 | SH |
| 6 | KE HLDGS INC | BEKE | 482497104 | $5.2M | 2.96% | 360,000 | SH |
| 7 | HUYA INC | HUYA | 44852D108 | $2.4M | 1.36% | 1,047,983 | SH |
| 8 | SPDR GOLD SHARES | GLD | 78463V107 | $1.1M | 0.62% | 3,000 | SH |
| 9 | ADVANCED MICRO DEVICES | AMD | 007903107 | $580.9K | 0.33% | 1,000 | SH |
| 10 | ARROWHEAD PHARMACEUTICALS IN | ARWR | 04280A100 | $570.6K | 0.32% | 7,000 | SH |
| 11 | SERVICENOW INC | NOW | 81762P102 | $546.0K | 0.31% | 5,500 | SH |
| 12 | CISCO SYS INC | CSCO | 17275R102 | $528.6K | 0.30% | 4,500 | SH |
| 13 | MONGODB INC | MDB | 60937P106 | $436.7K | 0.25% | 1,300 | SH |
| 14 | GLOBAL X FDS | COPX | 37954Y830 | $384.9K | 0.22% | 5,000 | SH |
| 15 | MICROSOFT CORP | MSFT | 594918104 | $373.0K | 0.21% | 1,000 | SH |
| 16 | SYNOPSYS INC | SNPS | 871607107 | $356.9K | 0.20% | 800 | SH |
| 17 | DIREXION SHARES ETF TRUST | SOXL | 25459W458 | $346.7K | 0.20% | 1,300 | SH |
| 18 | JOYY INC | JOYY | 46591M109 | $329.9K | 0.19% | 5,000 | SH |
| 19 | BEAM THERAPEUTICS INC | BEAM | 07373V105 | $295.2K | 0.17% | 8,600 | SH |
| 20 | GLOBAL X FDS | SIL | 37954Y848 | $271.1K | 0.15% | 3,500 | SH |
| 21 | SPROTT FDS TR | URNM | 85208P303 | $210.4K | 0.12% | 4,000 | SH |
| 22 | INTELLIA THERAPEUTICS INC | NTLA | 45826J105 | $169.2K | 0.10% | 10,000 | SH |
| 23 | DHT HOLDINGS INC | DHT | Y2065G121 | $165.3K | 0.09% | 10,000 | SH |
| 24 | PRIME MEDICINE INC | PRME | 74168J101 | $154.2K | 0.09% | 41,800 | SH |
| 25 | ATRENEW INC | RERE | 00138L108 | $77.4K | 0.04% | 20,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-04 | $176.9M | 25 | 0001809525-26-000004 |
| 2026-03-31 | 2026-05-07 | $177.9M | 25 | 0001809525-26-000003 |
| 2025-12-31 | 2026-02-11 | $189.6M | 23 | 0001809525-26-000002 |
183 QUEENS ROAD CENTRAL
SHEUNG WAN, K3 0000