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Aspex Management (hk) LTD

CIK:0001768375
Asset Manager
$5B AUM
28 holdings
Hong Kong, Hong Kong
Founded:2018
Latest filing:Jun 30, 2025

Aspex Management (HK) Limited is a Hong Kong-based investment manager founded in 2018. The firm specializes in pan-Asian investment opportunities, managing capital across both public and private markets. Serving institutional investors and sophisticated clients, Aspex employs a research-driven, fundamental approach. Employee count is not publicly disclosed but the firm operates with a specialized team focused on Asian markets.

Investment Strategy

Aspex Management centers its investment strategy around identifying long-term growth opportunities across the Asia-Pacific region. The firm focuses on rigorous, bottom-up fundamental analysis to build concentrated portfolios in both public and private companies. It aims to capitalize on structural trends and dislocations, investing with a long-term horizon and active engagement with portfolio companies.

Latest 13F Filing Activity

Aspex Management (hk) LTD filed their most recent 13F report on Jun 30, 2025 disclosing 21 equity positions with a total 13F market value of $5B. The fund increased holdings in Marvell Technology Inc., Synopsys Inc., Futu HLDGS LTD among other positions. Aspex Management (hk) LTD reduced exposure to Micron Technology Inc., Cadence Design System Inc., Ke HLDGS Inc. among others.

Top Buys
M
MRVLMARVELL TECHNOLOGY INC
+$324.7M
S
SNPSSYNOPSYS INC
+$196.7M
F
FUTUFUTU HLDGS LTD
+$132.6M
I
INTCINTEL CORP
+$123.2M
E
EDUNEW ORIENTAL ED & TECHNOLOGY
+$95.8M
Top Sells
M
MUMICRON TECHNOLOGY INC
-$175.5M
C
CDNSCADENCE DESIGN SYSTEM INC
-$144.8M
B
BEKEKE HLDGS INC
-$103.0M
D
DECKDECKERS OUTDOOR CORP
-$58.2M
F
FLUTFLUTTER ENTMT PLC
-$23.1M

Top Holdings

S
SESEA LTD
+18.0%$828.6M
F
FUTUFUTU HLDGS LTD
+9.1%$419.4M
T
TSMTAIWAN SEMICONDUCTOR MFG LTD
+8.6%$395.6M
E
EDUNEW ORIENTAL ED & TECHNOLOGY
+8.2%$376.6M
S
SNPSSYNOPSYS INC
+7.2%$331.1M

Equity Positions (21)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
SEA LTD18.01%$828.6M5,180,898$81.84$159.94+$65.5M
FUTU HLDGS LTD9.11%$419.4M3,393,307$67.01$123.59+$132.6M
TAIWAN SEMICONDUCTOR MFG LTD8.60%$395.6M1,746,681$173.02$226.49+$86.0K
NEW ORIENTAL ED & TECHNOLOGY8.19%$376.6M6,981,188$69.97$53.95+$95.8M
SYNOPSYS INC7.20%$331.1M645,895$471.99$512.68+$196.7M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+21.7%
SERVICES-MISCELLANEOUS BUSINESS SERVICES
+18.0%
SERVICES-PREPACKAGED SOFTWARE
+13.4%
SERVICES-EDUCATIONAL SERVICES
+13.0%
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
+9.1%