Polymer Capital Management (HK) LTD — 13F Holdings & Portfolio

CIK 1970465 · latest 13F-HR filed 2026-08-13

Polymer Capital Management (HK) LTD manages $1.98B in 13F-reported U.S. long-equity assets across 143 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SMH (28.04%), QQQ (21.97%), SNDK (3.86%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 63 new positions and exited 70; 44 existing positions rose in reported value and 29 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.

AUM

$1.98B

Long-equity book

Holdings

143

Distinct positions

Period

2026-06-30

Filed 2026-08-13

Q/Q Activity

+63 / −70 / ↑44 / ↓29

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

SNDK7.7% · -46%LLY6.9% · +30%NVDA6.5% · -24%AMAT4.6% · +1747%MU3.5% · +6%PDD3.3% · +5%BE3.2% · +422%TSM3.0% · -33%DRAM2.6% · new ALNY2.0% · +12%AMD2.0% · -22%CRDO1.7% · new FRO1.7% · +74%XBI1.7% · new WDC1.6% · +23%IONS1.4% · +191%KBWB1.4% · new DUOL1.4% · new LRCX1.3% · new IREN1.2% · +4%VIPS1.2% · -3%CYTK1.2% · new APH1.2% · new AS1.1% · +25%GIL1.0% · -18%XLI1.0% · +413%TXN1.0% · new ERAS0.9% · +34%AMZN0.9% · -24%MOD0.9% · -12%BIIB0.8% · new AVGO0.8% · +32%XLF0.8% · +120%NTES0.8% · new SPCX0.8% · new IBKR0.8% · +262%GOOG0.7% · -54%LITE0.7% · -20%INTC0.7% · +8%BAC0.7% · new ETN0.7% · +81%TPR0.6% · -40%ASX0.6% · -70%STX0.6% · new TTWO0.5% · +67%GOOGL0.5% · +27%AEIS0.5% · new NET0.5% · +168%COPX0.5% · new NOK0.5% · +7%ABNB0.5% · -6%LEGN0.5% · new ASML0.5% · new GLW0.5% · -75%BILI0.5% · +30%ENTG0.4% · new ONTO0.4% · new HOOD0.4% · new FORM0.4% · +110%CRVS0.4% · +44%

Box 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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 43.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Address

NO. 2401-06, 24/F THREE PACIFIC PLACE
1 QUEEN'S ROAD EAST
HONG KONG
Hong Kong

Phone

852-3719-6333

Website

www.linkedin.com/company/polymer-capital
www.polymercapital.com

This firm reports 4 disclosure items on its registration.

Name	Title / Status	Ownership	Type
GRADEL, CHRISTOPHER, MARCUS Control	DIRECTOR	Less than 5%	Individual
PAG Control	SHAREHOLDER	75% or more	Foreign Entity
POLYMER CAPITAL LIMITED Control	SHAREHOLDER	75% or more	Foreign Entity
POLYMER CAPITAL MANAGEMENT LIMITED Control	SHAREHOLDER	75% or more	Foreign Entity
POLYMER HOLDINGS LIMITED Control	SHAREHOLDER	50–75%	Foreign Entity
WAI, ANGUS, YUK CHI Control	DIRECTOR, CHIEF EXECUTIVE OFFICER	Less than 5%	Individual
WAI, ANGUS, YUK CHI Control	SHAREHOLDER	25–50%	Individual
Chan, Teresa, Hoi Ling	CHIEF COMPLIANCE OFFICER	Less than 5%	Individual
SHAN, WEIJIAN	SHAREHOLDER	25–50%	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)

APPLIED MATLS INC$43.7M +3807.1%
SANDISK CORP$36.8M +93.3%
BLOOM ENERGY CORP$29.0M +1067.4%
ELI LILLY & CO$27.9M +70.0%
MICRON TECHNOLOGY INC$25.0M +262.0%

Show all 44 →

Top Trims

PDD HOLDINGS INC-$9.3M -21.9%
NVIDIA CORPORATION-$9.1M -12.4%
STATE STR SPDR S&P 500 ETF T-$7.5M -80.1%
JD.COM INC-$5.6M -77.7%
AXT INC-$5.5M -84.1%

Show all 29 →

New Positions

Show all 63 →

Exited Positions

Show all 70 →

Loading…

#	Issuer	Symbol	CUSIP	Value	Δ

Polymer Capital 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	VANECK ETF TRUST Put	SMH	92189F676	$553.9M	28.04%	844,500	SH
2	INVESCO QQQ TR Put	QQQ	46090E103	$434.0M	21.97%	589,300	SH
3	SANDISK CORP	SNDK	80004C200	$76.2M	3.86%	33,521	SH
4	ELI LILLY & CO	LLY	532457108	$67.9M	3.44%	56,607	SH
5	NVIDIA CORPORATION	NVDA	67066G104	$64.3M	3.26%	321,441	SH
6	APPLIED MATLS INC	AMAT	038222105	$44.8M	2.27%	61,986	SH
7	MICRON TECHNOLOGY INC	MU	595112103	$34.6M	1.75%	29,958	SH
8	PDD HOLDINGS INC	PDD	722304102	$33.0M	1.67%	432,300	SH
9	BLOOM ENERGY CORP	BE	093712107	$31.7M	1.60%	104,649	SH
10	TAIWAN SEMICONDUCTOR MANUFAC	TSM	874039100	$30.0M	1.52%	62,849	SH
11	ROUNDHILL ETF TRUST	DRAM	77926X320	$25.4M	1.28%	343,498	SH
12	ALNYLAM PHARMACEUTICALS INC	ALNY	02043Q107	$19.6M	0.99%	64,957	SH
13	ADVANCED MICRO DEVICES INC	AMD	007903107	$19.5M	0.99%	33,629	SH
14	CREDO TECHNOLOGY GROUP HOLDI	CRDO	G25457105	$17.0M	0.86%	62,687	SH
15	FRONTLINE PLC	FRO	M46528101	$16.9M	0.86%	486,276	SH
16	SPDR SERIES TRUST	XBI	78464A870	$16.7M	0.84%	105,300	SH
17	WESTERN DIGITAL CORP	WDC	958102105	$15.8M	0.80%	24,764	SH
18	IONIS PHARMACEUTICALS INC	IONS	462222100	$14.1M	0.71%	177,897	SH
19	INVESCO EXCH TRADED FD TR II	KBWB	46138E628	$14.1M	0.71%	151,492	SH
20	DUOLINGO INC	DUOL	26603R106	$14.1M	0.71%	122,300	SH
21	LAM RESEARCH CORP	LRCX	512807306	$12.9M	0.65%	29,776	SH
22	IREN LIMITED	IREN	Q4982L109	$12.0M	0.61%	262,800	SH
23	VIPSHOP HLDGS LTD	VIPS	92763W103	$12.0M	0.61%	903,300	SH
24	CYTOKINETICS INC	CYTK	23282W605	$11.8M	0.60%	138,255	SH
25	AMPHENOL CORP	APH	032095101	$11.4M	0.58%	64,676	SH
26	AMER SPORTS INC	AS	G0260P102	$10.6M	0.54%	312,652	SH
27	GILDAN ACTIVEWEAR INC	GIL	375916103	$10.1M	0.51%	195,139	SH
28	SELECT SECTOR SPDR TR	XLI	81369Y704	$10.0M	0.51%	53,900	SH
29	TEXAS INSTRS INC	TXN	882508104	$9.4M	0.48%	31,515	SH
30	ERASCA INC	ERAS	29479A108	$8.8M	0.44%	478,020	SH
31	AMAZON COM INC	AMZN	023135106	$8.7M	0.44%	36,360	SH
32	MODINE MFG CO	MOD	607828100	$8.7M	0.44%	32,442	SH
33	BIOGEN INC	BIIB	09062X103	$8.4M	0.42%	38,665	SH
34	BROADCOM INC	AVGO	11135F101	$8.3M	0.42%	22,030	SH
35	SELECT SECTOR SPDR TR	XLF	81369Y605	$8.2M	0.41%	152,781	SH
36	NETEASE COM INC	NTES	64110W102	$8.2M	0.41%	63,694	SH
37	SPACE EXPLORATION TECHN CORP	SPCX	84615Q103	$8.1M	0.41%	47,409	SH
38	INTERACTIVE BROKERS GROUP IN	IBKR	45841N107	$8.0M	0.40%	91,876	SH
39	ALPHABET INC	GOOG	02079K107	$7.4M	0.37%	20,836	SH
40	LUMENTUM HLDGS INC	LITE	55024U109	$7.3M	0.37%	8,509	SH
41	INTEL CORP	INTC	458140100	$7.2M	0.36%	51,594	SH
42	BANK OF AMER CORP	BAC	060505104	$7.2M	0.36%	126,344	SH
43	EATON CORP PLC	ETN	G29183103	$7.0M	0.35%	16,358	SH
44	TAPESTRY INC	TPR	876030107	$6.1M	0.31%	41,764	SH
45	ASE TECHNOLOGY HLDG CO LTD	ASX	00215W100	$6.1M	0.31%	134,502	SH
46	SEAGATE TECHNOLOGY HLDNGS PL	STX	G7997R103	$6.0M	0.31%	6,266	SH
47	TAKE-TWO INTERACTIVE SOFTWAR	TTWO	874054109	$5.3M	0.27%	21,156	SH
48	ALPHABET INC	GOOGL	02079K305	$5.3M	0.27%	14,798	SH
49	ADVANCED ENERGY INDS	AEIS	007973100	$5.3M	0.27%	14,119	SH
50	CLOUDFLARE INC	NET	18915M107	$5.1M	0.26%	20,879	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-06-30	2026-08-13	$1.98B	143	0001970465-26-000006
2026-03-31	2026-05-14	$1.16B	154	0001970465-26-000004
2025-12-31	2026-02-13	$703.0M	127	0001970465-26-000002
2025-09-30	2025-11-14	$725.3M	246	0001970465-25-000012

Filer Information

Address

NO. 2401-06, 24/F, THREE PACIFIC PLACE,
1 QUEEN'S ROAD EAST
HONG KONG, K3 HKG

Phone

852 3719 6333

Filing Manager

Polymer Capital Management (HK) LTD

HONG KONG, K3

Signatory

Angus Yuk Chi Wai

Director