Q3 2025 · 13F-HR
Hel Ved Capital Management Ltdholdings as filed
Filed 2025-11-13 · accession 0001840129-25-000007
$475.1M
Reported value
76
Positions
2025-09-30
Period end
The Brief · Hel Ved Capital Management Ltd · Q3 2025
AI · grounded in 13F
Hel Ved Capital Management Ltd established a new position in SNDK valued at $100.9M. The fund also opened new stakes in CRWV for $22.2M and NIO for $20.1M. These additions coincided with the complete exit of its position in AMD, resulting in a $63.8M reduction. Other closed positions included CRCL and ENPH.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 80004C200 | SNDK | SANDISK CORP | $100.9M | 21.2% | 899,600 | CALL | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $31.6M | 6.65% | 194,300 | CALL | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $22.2M | 4.67% | 162,000 | CALL | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $22.1M | 4.65% | 78,500 | CALL | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $20.1M | 4.23% | 120,200 | CALL | SOLE |
| G037AX101 | AMBA | AMBARELLA INC | $18.4M | 3.88% | 223,500 | CALL | SOLE |
| 62914V106 | NIO | NIO INC | $17.6M | 3.69% | 2,303,300 | CALL | SOLE |
| 75734B100 | RDDT | REDDIT INC | $15.9M | 3.36% | 69,300 | CALL | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $12.0M | 2.53% | 20,000 | PUT | SOLE |
| 732908108 | PONY | PONY AI INC | $11.9M | 2.50% | 527,979 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $10.9M | 2.30% | 206,200 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $10.0M | 2.11% | 250,000 | CALL | SOLE |
| 74767V109 | QS | QUANTUMSCAPE CORP | $9.9M | 2.09% | 807,600 | CALL | SOLE |
| 74767V109 | QS | QUANTUMSCAPE CORP | $6.8M | 1.44% | 554,600 | PUT | SOLE |
| 73933G202 | PSIX | POWER SOLUTIONS INTL INC | $6.7M | 1.42% | 68,720 | Common | SOLE |
| 49338L103 | KEYS | KEYSIGHT TECHNOLOGIES INC | $6.5M | 1.37% | 37,200 | Common | SOLE |
| 74164F103 | PRIM | PRIMORIS SVCS CORP | $6.2M | 1.30% | 44,800 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $5.6M | 1.18% | 11,333 | Common | SOLE |
| 65290E101 | NXT | NEXTRACKER INC | $5.6M | 1.17% | 75,085 | Common | SOLE |
| 453204109 | PI | IMPINJ INC | $5.4M | 1.14% | 30,050 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $5.4M | 1.13% | 35,200 | Common | SOLE |
| 23703Q203 | DQ | DAQO NEW ENERGY CORP | $5.2M | 1.10% | 186,547 | Common | SOLE |
| 42328V876 | HSDT | HELIUS MED TECHNOLOGIES INC | $5.2M | 1.09% | 435,983 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $5.1M | 1.07% | 38,437 | Common | SOLE |
| 92826C839 | V | VISA INC | $5.1M | 1.06% | 14,815 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $4.6M | 0.97% | 20,987 | Common | SOLE |
| 04010E109 | AGX | ARGAN INC | $4.6M | 0.97% | 17,055 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $4.6M | 0.97% | 444,900 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP | $4.4M | 0.92% | 29,940 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $4.4M | 0.92% | 108,780 | Common | SOLE |
| 29362U104 | ENTG | ENTEGRIS INC | $4.3M | 0.90% | 46,060 | Common | SOLE |
| 46267X108 | IQ | IQIYI INC | $3.9M | 0.82% | 1,513,800 | Common | SOLE |
| 26853E102 | EH | EHANG HLDGS LTD | $3.7M | 0.77% | 198,031 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $3.7M | 0.77% | 15,925 | Common | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRAS INC | $3.7M | 0.77% | 91,600 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $3.3M | 0.69% | 84,400 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $3.2M | 0.66% | 22,130 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC | $3.1M | 0.66% | 13,840 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $2.8M | 0.59% | 17,635 | Common | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $2.7M | 0.57% | 46,550 | Common | SOLE |
| 26603R106 | DUOL | DUOLINGO INC | $2.7M | 0.56% | 8,277 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $2.6M | 0.54% | 339,300 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $2.6M | 0.54% | 18,605 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $2.4M | 0.51% | 10,000 | PUT | SOLE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $2.2M | 0.47% | 8,650 | Common | SOLE |
| 922280102 | VRNS | VARONIS SYS INC | $2.0M | 0.43% | 35,170 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $2.0M | 0.42% | 10,265 | Common | SOLE |
| 60937P106 | MDB | MONGODB INC | $1.9M | 0.39% | 6,000 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $1.8M | 0.37% | 11,900 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $1.7M | 0.36% | 12,400 | Common | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTMT GROUP | $1.7M | 0.35% | 72,200 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $1.6M | 0.34% | 2,310 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $1.4M | 0.30% | 11,020 | Common | SOLE |
| 46591M109 | JOYY | JOYY INC | $1.4M | 0.30% | 24,100 | Common | SOLE |
| N14506104 | ESTC | ELASTIC N V | $1.3M | 0.28% | 15,862 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $1.3M | 0.28% | 13,350 | Common | SOLE |
| 739128106 | POWL | POWELL INDS INC | $1.3M | 0.27% | 4,200 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $1.3M | 0.27% | 17,430 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $1.3M | 0.27% | 2,845 | Common | SOLE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $1.2M | 0.24% | 49,800 | Common | SOLE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $1.0M | 0.22% | 13,700 | Common | SOLE |
| 04965M106 | ATAT | ATOUR LIFESTYLE HLDGS LTD | $981,099 | 0.21% | 26,100 | Common | SOLE |
| 44852D108 | HUYA | HUYA INC | $894,262 | 0.19% | 268,547 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $889,553 | 0.19% | 1,238 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $802,888 | 0.17% | 4,520 | Common | SOLE |
| 54975P201 | LU | LUFAX HOLDING LTD | $752,476 | 0.16% | 185,339 | Common | SOLE |
| 00214Q708 | ARKF | ARK ETF TR | $710,000 | 0.15% | 12,500 | PUT | SOLE |
| 18915M107 | NET | CLOUDFLARE INC | $551,496 | 0.12% | 2,570 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $543,203 | 0.11% | 7,050 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $534,829 | 0.11% | 11,300 | Common | SOLE |
| 679295105 | OKTA | OKTA INC | $528,192 | 0.11% | 5,760 | Common | SOLE |
| 22266M104 | COUR | COURSERA INC | $524,608 | 0.11% | 44,800 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $506,284 | 0.11% | 4,700 | Common | SOLE |
| 852234103 | XYZ | BLOCK INC | $437,595 | 0.09% | 6,055 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $401,212 | 0.08% | 8,900 | Common | SOLE |
| 00138L108 | RERE | ATRENEW INC | $230,000 | 0.05% | 50,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.