BRIGHT VALLEY CAPITAL Ltd — 13F Holdings & Portfolio
CIK 1965546 · latest 13F-HR filed 2026-08-13
BRIGHT VALLEY CAPITAL Ltd manages $626.0M in 13F-reported U.S. long-equity assets across 21 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are INTC (34.96%), SOXX (9.62%), QQQ (8.23%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 7 new positions and exited 7; 1 existing position rose in reported value and 3 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 2026-08-13
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
4 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.
As of the firm’s regulatory filing dated Mar 2, 2026.
18 HARCOURT ROAD, ADMIRALTY
HONG KONG 999077
Hong Kong
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| C CUBE INVESTMENT LIMITED Control | PARENT COMPANY since Apr 2021 | 75% or more | Foreign Entity |
| PANG, KAR HO ALBERT Control | CCO since Mar 2023 | Less than 5% | Individual |
| Wang, Minyue Control | CIO/ DIRECTOR OF THE BOARD since May 2022 | Less than 5% | Individual |
| C CUBE HOLDING LIMITED Control Indirect owner via C CUBE INVESTMENT LIMITED | SHAREHOLDER since Sep 2021 | 75% or more | Foreign Entity |
| C CUBE TRUST Control Indirect owner via C CUBE HOLDING LIMITED | BENEFICIAL OWNER since Sep 2021 | 75% or more | Foreign Entity |
| TMF (CAYMAN) LTD Control Indirect owner via C CUBE HOLDING LIMITED | TRUSTEE since Sep 2021 | General partner, trustee or manager | Foreign Entity |
Ownership & leadership changes · 2 filings with changes since Oct 21, 2022
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.
- No longer listedINDEPENDENT TRUSTEE COMPANY TMF (CAYMAN) LTD · SHAREHOLDER · 75% or more · indirect via C CUBE HOLDING LIMITED · control person · listed since Sep 2021
- AddedTMF (CAYMAN) LTD · TRUSTEE · General partner, trustee or manager · indirect via C CUBE HOLDING LIMITED · control person
- ChangedC CUBE TRUST · indirect via C CUBE HOLDING LIMITED: title SHAREHOLDER → BENEFICIAL OWNER
- No longer listedChan, Tung · CCO/COO · Less than 5% · control person · listed since May 2022
- AddedPANG, KAR HO ALBERT · CCO · Less than 5% · control person
- ListedC CUBE HOLDING LIMITED · SHAREHOLDER · 75% or more · indirect via C CUBE INVESTMENT LIMITED · control person
- ListedC CUBE INVESTMENT LIMITED · PARENT COMPANY · 75% or more · control person
- ListedC CUBE TRUST · SHAREHOLDER · 75% or more · indirect via C CUBE HOLDING LIMITED · control person
- ListedChan, Tung · CCO/COO · Less than 5% · control person
- ListedINDEPENDENT TRUSTEE COMPANY TMF (CAYMAN) LTD · SHAREHOLDER · 75% or more · indirect via C CUBE HOLDING LIMITED · control person
- ListedWang, Minyue · CIO/ DIRECTOR OF THE BOARD · 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 Trims
- VIPSHOP HOLDINGS LTD-$21.5M -77.2%
- JOYY INC-$5.0M -27.8%
- DOUYU INTERNATIONAL HOLDINGS LTD-$493.7K -7.4%
New Positions
- ATOUR LIFESTYLE HOLDINGS LTD$32.4M
- SANDISK CORP$27.7M
- ROUNDHILL ETF TRUST$18.5M
- ACM RESEARCH INC$15.0M
- FUTU HOLDINGS LTD$7.6M
Exited Positions
- NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC$10.0M
- SPDR GOLD SHARES$6.9M
- STAAR SURGICAL CO$5.1M
- LUMENTUM HOLDINGS INC$1.6M
- DINGDONG (CAYMAN) LTD$685.6K
BRIGHT VALLEY CAPITAL 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 | INTEL CORP | INTC | 458140100 | $218.9M | 34.96% | 1,567,500 | SH |
| 2 | ISHARES TR Put | SOXX | 464287523 | $60.2M | 9.62% | 94,000 | SH |
| 3 | INVESCO QQQ TR Put | QQQ | 46090E103 | $51.5M | 8.23% | 70,000 | SH |
| 4 | INTEL CORP Call | INTC | 458140100 | $48.9M | 7.81% | 350,000 | SH |
| 5 | NVIDIA CORP Put | NVDA | 67066G104 | $40.0M | 6.39% | 200,000 | SH |
| 6 | ATOUR LIFESTYLE HOLDINGS LTD | ATAT | 04965M106 | $32.4M | 5.17% | 1,017,508 | SH |
| 7 | NETFLIX INC Put | NFLX | 64110L106 | $32.1M | 5.13% | 450,000 | SH |
| 8 | SANDISK CORP | SNDK | 80004C200 | $27.7M | 4.43% | 12,200 | SH |
| 9 | PDD HOLDINGS INC Call | PDD | 722304102 | $22.5M | 3.59% | 295,000 | SH |
| 10 | ROUNDHILL ETF TRUST | DRAM | 77926X320 | $18.5M | 2.95% | 250,000 | SH |
| 11 | ACM RESEARCH INC | ACMR | 00108J109 | $15.0M | 2.39% | 118,000 | SH |
| 12 | JOYY INC | JOYY | 46591M109 | $13.1M | 2.09% | 198,000 | SH |
| 13 | APPLIED MATERIALS INC Call | AMAT | 038222105 | $13.0M | 2.08% | 18,000 | SH |
| 14 | FUTU HOLDINGS LTD | FUTU | 36118L106 | $7.6M | 1.22% | 81,500 | SH |
| 15 | NETEASE INC Call | NTES | 64110W102 | $6.4M | 1.02% | 50,000 | SH |
| 16 | VIPSHOP HOLDINGS LTD | VIPS | 92763W103 | $6.4M | 1.02% | 480,000 | SH |
| 17 | DOUYU INTERNATIONAL HOLDINGS LTD | DOYU | 25985W204 | $6.2M | 0.99% | 1,334,229 | SH |
| 18 | NOKIA OYJ | NOK | 654902204 | $3.0M | 0.47% | 223,500 | SH |
| 19 | MICROSOFT CORP Put | MSFT | 594918104 | $1.9M | 0.30% | 5,000 | SH |
| 20 | FUTU HOLDINGS LTD Call | FUTU | 36118L106 | $749.9K | 0.12% | 8,000 | SH |
| 21 | FINVOLUTION GROUP | FINV | 31810T101 | $15.2K | 0.00% | 3,169 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $626.0M | 21 | 0001965546-26-000005 |
| 2026-03-31 | 2026-05-13 | $153.4M | 13 | 0001965546-26-000003 |
| 2025-12-31 | 2026-02-12 | $269.2M | 15 | 0001965546-26-000002 |
| 2025-09-30 | 2025-11-13 | $168.9M | 13 | 0001965546-25-000007 |
18 HARCOURT ROAD, ADMIRALTY,
HONG KONG, K3 999077