Polymer Capital Management (HK) LTD — 13F Holdings & Portfolio
CIK 1970465 · latest 13F-HR filed 2026-05-14
Polymer Capital Management (HK) LTD manages $1.16B in 13F-reported U.S. long-equity assets across 154 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SMH (26.75%), QQQ (10.47%), NVDA (6.35%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 71 new positions, exited 50, added to 46, and trimmed 23.
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.
$1.16B
Long-equity book
154
Distinct positions
2026-03-31
Filed 2026-05-14
+71 / −50 / ↑46 / ↓23
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NVIDIA CORPORATION$28.6M +63.8%
- SANDISK CORP$23.7M +151.4%
- SELECT SECTOR SPDR TR$9.7M +278.0%
- AMAZON COM INC$9.4M +1819.5%
- CORNING INC$9.1M +1125.1%
Top Trims
- SUMMIT THERAPEUTICS INC-$22.3M -89.9%
- ALPHABET INC-$15.6M -54.9%
- BROADCOM INC-$11.7M -69.4%
- ELI LILLY & CO-$9.3M -18.9%
- BAIDU INC-$8.3M -92.3%
New Positions
- PALO ALTO NETWORKS INC$11.7M
- FRONTLINE PLC$9.8M
- ASE TECHNOLOGY HLDG CO LTD$9.6M
- MICRON TECHNOLOGY INC$9.6M
- MODINE MFG CO$8.0M
Exited Positions
- GLOBAL X FDS$17.2M
- INVESCO EXCH TRADED FD TR II$12.9M
- GLOBAL X FDS$9.2M
- SPDR SERIES TRUST$5.9M
- ON HLDG AG$5.5M
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 | $309.6M | 26.75% | 807,500 | SH |
| 2 | INVESCO QQQ TR Put | QQQ | 46090E103 | $121.2M | 10.47% | 210,000 | SH |
| 3 | NVIDIA CORPORATION | NVDA | 67066G104 | $73.4M | 6.35% | 421,120 | SH |
| 4 | PDD HOLDINGS INC | PDD | 722304102 | $42.2M | 3.65% | 413,457 | SH |
| 5 | ELI LILLY & CO | LLY | 532457108 | $40.0M | 3.45% | 43,435 | SH |
| 6 | SANDISK CORP | SNDK | 80004C200 | $39.4M | 3.41% | 62,046 | SH |
| 7 | SPDR GOLD TR | GLD | 78463V107 | $33.1M | 2.86% | 77,037 | SH |
| 8 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $31.7M | 2.74% | 93,706 | SH |
| 9 | ALNYLAM PHARMACEUTICALS INC | ALNY | 02043Q107 | $19.1M | 1.65% | 57,784 | SH |
| 10 | VIPSHOP HLDGS LTD | VIPS | 92763W103 | $14.7M | 1.27% | 932,000 | SH |
| 11 | GILDAN ACTIVEWEAR INC | GIL | 375916103 | $13.3M | 1.15% | 239,355 | SH |
| 12 | SELECT SECTOR SPDR TR | XLE | 81369Y506 | $13.2M | 1.14% | 215,689 | SH |
| 13 | ALPHABET INC | GOOG | 02079K107 | $12.9M | 1.11% | 44,877 | SH |
| 14 | PALO ALTO NETWORKS INC | PANW | 697435105 | $11.7M | 1.01% | 72,921 | SH |
| 15 | FUTU HLDGS LTD | FUTU | 36118L106 | $10.5M | 0.91% | 76,838 | SH |
| 16 | AMAZON COM INC | AMZN | 023135106 | $9.9M | 0.86% | 47,588 | SH |
| 17 | CORNING INC | GLW | 219350105 | $9.9M | 0.85% | 72,754 | SH |
| 18 | FRONTLINE PLC | FRO | M46528101 | $9.8M | 0.84% | 280,005 | SH |
| 19 | TAPESTRY INC | TPR | 876030107 | $9.8M | 0.84% | 69,102 | SH |
| 20 | ASE TECHNOLOGY HLDG CO LTD | ASX | 00215W100 | $9.6M | 0.83% | 443,215 | SH |
| 21 | MICRON TECHNOLOGY INC | MU | 595112103 | $9.6M | 0.83% | 28,273 | SH |
| 22 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $9.3M | 0.81% | 14,329 | SH |
| 23 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $8.7M | 0.75% | 42,830 | SH |
| 24 | IREN LIMITED | IREN | Q4982L109 | $8.7M | 0.75% | 252,605 | SH |
| 25 | AMER SPORTS INC | AS | G0260P102 | $8.2M | 0.71% | 249,279 | SH |
| 26 | MODINE MFG CO | MOD | 607828100 | $8.0M | 0.69% | 36,772 | SH |
| 27 | LUMENTUM HLDGS INC | LITE | 55024U109 | $7.4M | 0.64% | 10,575 | SH |
| 28 | JD.COM INC | JD | 47215P106 | $7.2M | 0.62% | 244,558 | SH |
| 29 | COHERENT CORP | COHR | 19247G107 | $7.2M | 0.62% | 30,291 | SH |
| 30 | AXT INC | AXTI | 00246W103 | $6.6M | 0.57% | 115,567 | SH |
| 31 | VANECK ETF TRUST | GDX | 92189F106 | $6.4M | 0.56% | 70,132 | SH |
| 32 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $6.2M | 0.54% | 49,783 | SH |
| 33 | NEW ORIENTAL ED & TECHNOLOGY | EDU | 647581206 | $6.1M | 0.53% | 107,713 | SH |
| 34 | ERASCA INC | ERAS | 29479A108 | $5.8M | 0.50% | 357,670 | SH |
| 35 | TOWER SEMICONDUCTOR LTD | TSEM | M87915274 | $5.8M | 0.50% | 32,826 | SH |
| 36 | INVESCO QQQ TR | QQQ | 46090E103 | $5.7M | 0.50% | 9,934 | SH |
| 37 | TIDAL TRUST II | NVDY | 88634T774 | $5.7M | 0.49% | 441,100 | SH |
| 38 | STATE STR SPDR DOW JONES IND | DIA | 78467X109 | $5.5M | 0.47% | 11,850 | SH |
| 39 | WESTERN DIGITAL CORP | WDC | 958102105 | $5.5M | 0.47% | 20,191 | SH |
| 40 | BROADCOM INC | AVGO | 11135F101 | $5.2M | 0.45% | 16,711 | SH |
| 41 | MERCK & CO INC | MRK | 58933Y105 | $5.1M | 0.44% | 42,570 | SH |
| 42 | ISHARES TR Put | SOXX | 464287523 | $4.9M | 0.43% | 15,000 | SH |
| 43 | AIRBNB INC | ABNB | 009066101 | $4.7M | 0.41% | 37,411 | SH |
| 44 | BILIBILI INC | BILI | 090040106 | $4.7M | 0.41% | 208,223 | SH |
| 45 | IONIS PHARMACEUTICALS INC | IONS | 462222100 | $4.6M | 0.40% | 61,200 | SH |
| 46 | ISHARES TR | SOXX | 464287523 | $4.6M | 0.40% | 13,959 | SH |
| 47 | SEA LTD | SE | 81141R100 | $4.5M | 0.39% | 54,831 | SH |
| 48 | ISHARES TR | IVV | 464287200 | $4.2M | 0.36% | 6,400 | SH |
| 49 | GRAB HOLDINGS LIMITED | GRAB | G4124C109 | $3.9M | 0.34% | 1,075,000 | SH |
| 50 | META PLATFORMS INC | META | 30303M102 | $3.8M | 0.33% | 6,714 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |