Value Star Asset Management (Hong Kong) Ltd — 13F Holdings & Portfolio
CIK 1842246 · latest 13F-HR filed 2025-10-31
Value Star Asset Management (Hong Kong) Ltd manages $49.2M in 13F-reported U.S. long-equity assets across 11 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are GOOGL (19.78%), TSM (17.02%), AMZN (15.61%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 2 new positions and exited 2; 5 existing positions rose in reported value and 2 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.
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AUM
$49.2M
Long-equity book
Holdings
11
Distinct positions
Period
2025-09-30
Filed 2025-10-31
Q/Q Activity
+2 / −2 / ↑5 / ↓2
vs 2025-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 25Box 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
Q2 25 → Q3 25Estimated 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
2 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 = 100%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 17, 2026.
Assets Under Management
$5.25B
Discretionary
$5.07B
Employees
104
Accounts
28
Address
43RD FLOOR, THE CENTER
99 QUEEN'S ROAD CENTRAL
HONG KONG
Hong Kong
99 QUEEN'S ROAD CENTRAL
HONG KONG
Hong Kong
Phone
852 28809263
This firm reports 1 disclosure item on its registration.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CHING, WING TAT, NMN Control | DIRECTOR, HEAD OF INTERMEDIARY BUSINESS since Nov 2025 | Less than 5% | Individual |
| HO, MAN KEI, NMN Control | DIRECTOR AND SENIOR INVESTMENT DIRECTOR since Jul 2014 | Less than 5% | Individual |
| Jiang, Ron Control | DIRECTOR AND CHIEF OPERATING OFFICER since Feb 2026 | Less than 5% | Individual |
| LUO, JING, NMN Control | DIRECTOR, INVESTMENT DIRECTOR since Nov 2025 | Less than 5% | Individual |
| Ng, Nikita, Chuk Fa Control | DIRECTOR AND CHIEF FINANCIAL OFFFICER & HEAD OF CORPORATE SERVICES since Aug 2024 | Less than 5% | Individual |
| VALUE PARTNERS GROUP LIMITED Control | SHAREHOLDER since Oct 2007 | 75% or more | Foreign Entity |
| CHEUNG, WIMMIE, WAN MAY | HEAD OF LEGAL since Jan 2010 | Less than 5% | Individual |
| LEE, VIVIENNE, NMN | CHIEF COMPLIANCE OFFICER since May 2012 | Less than 5% | Individual |
Ownership & leadership changes · 24 filings with changes since Mar 30, 2012
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.
Mar 17, 2026 filing
- No longer listedIP, HO WAH GORDON · CHIEF INVESTMENT OFFICER - FIXED INCOME · Less than 5% · control person · listed since Feb 2026
Feb 24, 2026 filing
- ChangedIP, HO WAH GORDON · title DIRECTOR AND CHIEF INVESTMENT OFFICER - FIXED INCOME → CHIEF INVESTMENT OFFICER - FIXED INCOME
- ChangedJiang, Ron · title CHIEF OPERATING OFFICER → DIRECTOR AND CHIEF OPERATING OFFICER
Nov 24, 2025 filing
- AddedCHING, WING TAT, NMN · DIRECTOR, HEAD OF INTERMEDIARY BUSINESS · Less than 5% · control person
- AddedLUO, JING, NMN · DIRECTOR, INVESTMENT DIRECTOR · Less than 5% · control person
May 19, 2025 filing
- No longer listedSO, LOUIS, CHUN KI · DIRECTOR AND CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Jul 2010
- AddedIP, HO WAH GORDON · DIRECTOR AND CHIEF INVESTMENT OFFICER - FIXED INCOME · Less than 5% · control person
- ChangedNg, Nikita, Chuk Fa · title CHIEF FINANCIAL OFFFICER & HEAD OF CORPORATE SERVICES → DIRECTOR AND CHIEF FINANCIAL OFFFICER & HEAD OF CORPORATE SERVICES
May 6, 2025 filing
- No longer listedLAM, WINNIE, MEI-KUEN · CHIEF OPERATING OFFICER & MANAGING DIRECTOR, COO OFFICE · Less than 5% · control person · listed since Jul 2021
- AddedJiang, Ron · CHIEF OPERATING OFFICER · Less than 5% · control person
Jan 6, 2025 filing
- No longer listedCHEAH, CHENG HYE, NMN · DIRECTOR, CO-CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Jul 2010
- ChangedLAM, WINNIE, MEI-KUEN · title MANAGING DIRECTOR, COO OFFICE → CHIEF OPERATING OFFICER & MANAGING DIRECTOR, COO OFFICE
- ChangedNg, Nikita, Chuk Fa · title CHIEF FINANCIAL OFFFICER → CHIEF FINANCIAL OFFFICER & HEAD OF CORPORATE SERVICES
- ChangedSO, LOUIS, CHUN KI · title DIRECTOR AND CO-CHIEF INVESTMENT OFFICER → DIRECTOR AND CHIEF INVESTMENT OFFICER
May 1, 2024 filing
- No longer listedCHEAH CAPITAL MANAGEMENT LIMITED · SHAREHOLDER · 25–50% · indirect via CHEAH, CHENG HYE, NMN · listed since Oct 2007
- No longer listedWONG, JUNE, W M · CHIEF EXECUTIVE OFFICER · Less than 5% · listed since Jul 2022
Mar 27, 2024 filing
- No longer listedCHEAH CAPITAL MANAGEMENT LIMITED · SHAREHOLDER · 25–50% · indirect via VALUE PARTNERS GROUP LIMITED · listed since Oct 2007
- AddedCHEAH CAPITAL MANAGEMENT LIMITED · SHAREHOLDER · 25–50% · indirect via CHEAH, CHENG HYE, NMN
Mar 29, 2023 filing
- ChangedNg, Nikita, Chuk Fa · title FINANCE DIRECTOR → CHIEF FINANCIAL OFFFICER
- ChangedWONG, JUNE, W M · title PRESIDENT → CHIEF EXECUTIVE OFFICER
Jan 6, 2022 filing
- AddedWONG, JUNE, W M · PRESIDENT · Less than 5%
Older changes (15 more filings)
Sep 8, 2021 filing
- No longer listedWONG, ICY, NGAI SZE · CHIEF FINANCIAL OFFICER & CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person · listed since May 2020
- AddedLAM, WINNIE, MEI-KUEN · MANAGING DIRECTOR, COO OFFICE · Less than 5% · control person
- AddedNg, Nikita, Chuk Fa · FINANCE DIRECTOR · Less than 5% · control person
Mar 29, 2021 filing
- No longer listedAU, KING LUN, NMN · CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Dec 2016
- No longer listedCHEUNG, PATRICIA, H · CO CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jul 2019
- No longer listedHEPPER, ROGER, ANTHONY · CO CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jul 2019
- ChangedWONG, ICY, NGAI SZE · title HEAD OF FINANCE → CHIEF FINANCIAL OFFICER & CHIEF ADMINISTRATIVE OFFICER
Mar 30, 2020 filing
- ChangedCHEUNG, PATRICIA, H · title CHIEF ADMINISTRATIVE OFFICER → CO CHIEF OPERATING OFFICER
- ChangedHEPPER, ROGER, ANTHONY · title GROUP CHIEF OPERATING OFFICER → CO CHIEF OPERATING OFFICER
Mar 25, 2019 filing
- No longer listedMO, JONATHAN, CHUN WAH · CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person · listed since Jul 2013
- AddedCHEUNG, PATRICIA, H · CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person
Mar 29, 2018 filing
- ChangedMO, JONATHAN, CHUN WAH · title CHIEF OPERATING OFFICER → CHIEF ADMINISTRATIVE OFFICER
Sep 27, 2017 filing
- No longer listedLAI, VOON SAN, NMN · DEPUTY CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Jun 2015
Mar 30, 2017 filing
- No longer listedCHOW, WILLIAM, WAI CHIU · MANAGING DIRECTOR · Less than 5% · control person · listed since Feb 2010
- No longer listedTAM, HIN TAT RAYMOND · DEPUTY CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Jun 2012
Dec 13, 2016 filing
- AddedAU, KING LUN, NMN · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedCHEAH, CHENG HYE, NMN · title DIRECTOR, CO-CHIEF INVESTMENT OFFICER AND ACTING CHIEF EXECUTIVE OFFICER → DIRECTOR, CO-CHIEF INVESTMENT OFFICER
Nov 10, 2016 filing
- No longer listedTSE, TIMOTHY, WAI MING · CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Jun 2012
- ChangedCHEAH, CHENG HYE, NMN · title DIRECTOR AND CO-CHIEF INVESTMENT OFFICER → DIRECTOR, CO-CHIEF INVESTMENT OFFICER AND ACTING CHIEF EXECUTIVE OFFICER
Sep 29, 2016 filing
- AddedHEPPER, ROGER, ANTHONY · GROUP CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedHO, MAN KEI, NMN · title DIRECTOR AND INVESTMENT DIRECTOR → DIRECTOR AND SENIOR INVESTMENT DIRECTOR
Mar 29, 2016 filing
- No longer listedLAW, ANDY, YUK MING · CHIEF RISK OFFICER · Less than 5% · control person · listed since Feb 2015
Jul 23, 2015 filing
- AddedLAI, VOON SAN, NMN · DEPUTY CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- AddedLAW, ANDY, YUK MING · CHIEF RISK OFFICER · Less than 5% · control person
Mar 26, 2015 filing
- AddedMO, JONATHAN, CHUN WAH · CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedWONG, ICY, NGAI SZE · HEAD OF FINANCE · Less than 5% · control person
Jun 5, 2012 filing
- No longer listedCHAN, SHEUNG, LAI · CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since May 2011
- No longer listedWOO, LAI, NGA · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jan 2008
- AddedLEE, VIVIENNE, NMN · CHIEF COMPLIANCE OFFICER · Less than 5%
- AddedTAM, HIN TAT RAYMOND · DEPUTY CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedTSE, TIMOTHY, WAI MING · title DEPUTY CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER → CHIEF EXECUTIVE OFFICER
Mar 30, 2012 filing (earliest on record)
- ListedCHAN, SHEUNG, LAI · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ListedCHEAH CAPITAL MANAGEMENT LIMITED · SHAREHOLDER · 25–50% · indirect via VALUE PARTNERS GROUP LIMITED
- ListedCHEAH, CHENG HYE, NMN · DIRECTOR AND CO-CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ListedCHEUNG, WIMMIE, WAN MAY · HEAD OF LEGAL · Less than 5%
- ListedCHOW, WILLIAM, WAI CHIU · MANAGING DIRECTOR · Less than 5% · control person
- ListedHO, MAN KEI, NMN · DIRECTOR AND INVESTMENT DIRECTOR · Less than 5% · control person
- ListedSO, LOUIS, CHUN KI · DIRECTOR AND CO-CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ListedTSE, TIMOTHY, WAI MING · DEPUTY CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER · Less than 5% · control person
- ListedVALUE PARTNERS GROUP LIMITED · SHAREHOLDER · 75% or more · control person
- ListedWOO, LAI, NGA · CHIEF COMPLIANCE OFFICER · Less than 5%
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)
- GOOG ALPHABET INC$7.1M +266.1%
- TAIWAN SEMICONDUCTOR-SP ADR$5.0M +146.6%
- AMAZON.COM INC$2.2M +40.1%
- CONSTELLATION ENERGY CORP$2.2M +225.3%
- META PLATFORM INC$704.7K +11.9%
Value Star Asset Management (Hong Kong) Ltd Holdings (2025-09-30)
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 | GOOG ALPHABET INC | GOOGL | 02079K305 | $9.7M | 19.78% | 40,000 | SH |
| 2 | TAIWAN SEMICONDUCTOR-SP ADR | TSM | 874039100 | $8.4M | 17.02% | 30,000 | SH |
| 3 | AMAZON.COM INC | AMZN | 023135106 | $7.7M | 15.61% | 35,000 | SH |
| 4 | META PLATFORM INC | META | 30303M102 | $6.6M | 13.42% | 9,000 | SH |
| 5 | HCA HEALTHCARE ORD | HCA | 40412C101 | $4.3M | 8.66% | 10,000 | SH |
| 6 | GLOBAL X DEFENSE TECH ETF | SHLD | 37960A529 | $3.5M | 7.13% | 50,000 | SH |
| 7 | SNOWFLAKE INC | SNOW | 833445109 | $2.3M | 4.58% | 10,000 | SH |
| 8 | ROBINHOOD MARKETS INC - A | HOOD | 770700102 | $2.1M | 4.36% | 15,000 | SH |
| 9 | CONSTELLATION ENERGY CORP | CEG | 21037T109 | $1.6M | 3.34% | 5,000 | SH |
| 10 | GENERAL ELECTRIC AEROSPACE | CEG | 21037T109 | $1.5M | 3.05% | 5,000 | SH |
| 11 | ZSCALER ORD | ZS | 98980G102 | $1.5M | 3.04% | 5,000 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-09-30 | 2025-10-31 | $49.2M | 11 | 0001842246-25-000005 |
| 2025-06-30 | 2025-07-31 | $32.5M | 10 | 0001842246-25-000004 |