Franchise Capital Ltd — 13F Holdings & Portfolio
CIK 1859388 · latest 13F-HR filed 2025-10-28
Franchise Capital Ltd manages $229.8M in 13F-reported U.S. long-equity assets across 30 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are NVDA (29.65%), PDD (28.85%), TSM (14.54%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 8 new positions and exited 2; 14 existing positions rose in reported value and 5 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 2025-10-28
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 = 96.4%Cumulative share of the portfolio held in the largest N positions.
SMART-SPACE FINTECH, CYBERPORT 3, 100 CYBERPORT RD
HONG KONG, HONG KONG
Hong Kong
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GAO, Xing xing Control | PARTNER | Less than 5% | Individual |
| WANG, SHIHONG Control | SHAREHOLDER & FOUNDER & CHIEF INVESTMENT OFFICER | 75% or more | Individual |
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)
- PDD HOLDINGS INC$13.7M +26.1%
- NVIDIA CORPORATION$10.4M +18.1%
- TAIWAN SEMICONDUCTOR MFG LTD$6.3M +23.3%
- TESLA INC$1.6M +40.0%
- ROBLOX CORP$498.2K +31.2%
Top Trims
- META PLATFORMS CL A ORD-$6.3M -25.9%
- CIRCLE INTERNET GROUP INC-$1.7M -93.6%
- CHAGEE HLDGS LTD-$1.5M -36.6%
- YUANBAO INC-$92.0K -6.6%
- WELLTOWER INC-$16.9K -14.3%
New Positions
- ALPHABET INC$6.5M
- BROADCOM INC$2.7M
- CREDO TECHNOLOGY GROUP HOLDI$2.4M
- PALANTIR TECHNOLOGIES INC$857.4K
- SEA LTD$762.5K
Franchise Capital 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 | NVIDIA CORPORATION | NVDA | 67066G104 | $68.1M | 29.65% | 365,060 | SH |
| 2 | PDD HOLDINGS INC | PDD | 722304102 | $66.3M | 28.85% | 501,460 | SH |
| 3 | TAIWAN SEMICONDUCTOR MFG LTD | TSM | 874039100 | $33.4M | 14.54% | 119,580 | SH |
| 4 | META PLATFORMS CL A ORD | META | 30303M102 | $17.8M | 7.77% | 24,300 | SH |
| 5 | LUCKIN COFFEE ADR REP 8 ORD | LKNCY | 54951L109 | $16.0M | 6.97% | 421,321 | SH |
| 6 | ALPHABET INC | GOOG | 02079K107 | $6.5M | 2.81% | 26,500 | SH |
| 7 | TESLA INC | TSLA | 88160R101 | $5.7M | 2.48% | 12,815 | SH |
| 8 | BROADCOM INC | AVGO | 11135F101 | $2.7M | 1.19% | 8,290 | SH |
| 9 | CHAGEE HLDGS LTD | CHA | 15743P104 | $2.6M | 1.13% | 157,457 | SH |
| 10 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | G25457105 | $2.4M | 1.06% | 16,800 | SH |
| 11 | ROBLOX CORP | RBLX | 771049103 | $2.1M | 0.91% | 15,140 | SH |
| 12 | YUANBAO INC | YB | 987910106 | $1.3M | 0.57% | 66,666 | SH |
| 13 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $857.4K | 0.37% | 4,700 | SH |
| 14 | SEA LTD | SE | 81141R100 | $762.5K | 0.33% | 4,266 | SH |
| 15 | SHOPIFY INC | SHOP | 82509L107 | $760.7K | 0.33% | 5,119 | SH |
| 16 | ISHARES BITCOIN TRUST ETF | IBIT | 46438F101 | $259.5K | 0.11% | 3,993 | SH |
| 17 | ISHARES ETHEREUM TR | ETHA | 46438R105 | $222.1K | 0.10% | 7,050 | SH |
| 18 | VENTAS INC | VTR | 92276F100 | $222.0K | 0.10% | 3,172 | SH |
| 19 | DIGITAL RLTY TR INC | DLR | 253868103 | $219.2K | 0.10% | 1,268 | SH |
| 20 | PULTE GROUP INC | PHM | 745867101 | $216.7K | 0.09% | 1,640 | SH |
| 21 | EQUINIX INC | EQIX | 29444U700 | $209.1K | 0.09% | 267 | SH |
| 22 | HOST HOTELS & RESORTS INC | HST | 44107P104 | $193.9K | 0.08% | 11,395 | SH |
| 23 | AMERICAN HEALTHCARE REIT INC | AHR | 398182303 | $183.8K | 0.08% | 4,375 | SH |
| 24 | D R HORTON INC | DHI | 23331A109 | $182.5K | 0.08% | 1,077 | SH |
| 25 | CIRCLE INTERNET GROUP INC | CRCL | 172573107 | $115.3K | 0.05% | 870 | SH |
| 26 | WELLTOWER INC | WELL | 95040Q104 | $101.4K | 0.04% | 569 | SH |
| 27 | KE HLDGS INC | BEKE | 482497104 | $76.0K | 0.03% | 4,000 | SH |
| 28 | VICI PPTYS INC | VICI | 925652109 | $74.9K | 0.03% | 2,296 | SH |
| 29 | NVR INC | NVR | 62944T105 | $56.2K | 0.02% | 7 | SH |
| 30 | IRON MTN INC DEL | IRM | 46284V101 | $46.4K | 0.02% | 455 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-09-30 | 2025-10-28 | $229.8M | 30 | 0001859388-25-000009 |
| 2025-06-30 | 2025-07-23 | $191.7M | 24 | 0001859388-25-000007 |