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Brilliance Asset Management LTD
Brilliance Asset Management Ltd is a hedge fund based in Hong Kong, managing institutional portfolios since its founding. It files regular 13F reports with the US SEC and specializes in Asian and global equities. The firm maintains a relatively lean staff, with approximately 14 employees, and manages investment funds for institutional and high net worth clients. The head office is located at SUITES 3201 - 3205, 32/F, AIA Central, 1 Connaught Road Central, Hong Kong.
Investment Strategy
Brilliance Asset Management Ltd focuses on public equities, particularly within Asia, with portfolio concentration in sectors such as education, transport, consumer, and technology. Investment decisions are based on deep fundamental research and active portfolio management. The firm appears to favor concentrated positions in high conviction ideas, evidenced by its top holdings representing more than 90% of its portfolio. It adapts its positions dynamically in response to market developments and fundamental changes in its underlying investments.
Latest 13F Filing Activity
Brilliance Asset Management LTD filed their most recent 13F report on Jun 30, 2025 disclosing 7 equity positions with a total 13F market value of $154M. The fund increased holdings in New Oriental Ed & Technology, Lexinfintech HLDGS LTD, Advanced Micro Devices Inc. among other positions. Brilliance Asset Management LTD reduced exposure to Amer Sports Inc., Li Auto Inc., Kanzhun Limited among others.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E EDU | NEW ORIENTAL ED & TECHNOLOGY | 35.70% | $54.8M | 1,016,471 | $58.58 | $53.95 | +$6.2M |
Y YMM | FULL TRUCK ALLIANCE CO LTD | 21.89% | $33.6M | 2,847,336 | $8.32 | $11.81 | -$4.9M |
A AS | AMER SPORTS INC | 20.33% | $31.2M | 805,842 | $15.00 | $38.76 | -$63.7M |
B BZ | KANZHUN LIMITED | 10.87% | $16.7M | 936,436 | $23.48 | $17.84 | -$18.3M |
L LI | LI AUTO INC | 5.04% | $7.7M | 285,428 | $31.19 | $27.11 | -$43.6M |
Industry Allocation
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