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Ward Ferry Management (bvi) LTD

CIK:0001632574
Hedge Fund
$1B AUM
7 holdings
Hong Kong, Hong Kong
Founded:2000
4 employees
Latest filing:Jun 30, 2025

Ward Ferry Management (BVI) Limited, now branded as WFM Asia (BVI) Limited, is an independent investment manager founded in 2000 with headquarters in Hong Kong. The firm specializes in long-only equity investments focused on small and mid-cap companies across Asia, operating two private funds and managing assets for global institutional clients. It maintains a concentrated portfolio and utilizes proprietary research and due diligence, employing a private equity approach to public market investing. Ward Ferry serves institutional investors seeking exposure to Asian growth companies. The firm has approximately 4 employees.

Investment Strategy

WFM Asia (BVI) Limited specializes in long-only equity investments in small and mid-cap companies across Asia. Its approach is characterized by bottom-up primary research, a private equity mindset in public markets, and a focus on sustainable, long-term growth. The firm emphasizes primary research, deep fundamental analysis, and proprietary due diligence to identify emerging opportunities before they become widely recognized. Their portfolios are concentrated, with significant allocations to top positions, enabling active engagement with management teams for collaborative value creation. By holding investments over several years, WFM Asia seeks to benefit from long-term industry dislocations and consumption trends.

Latest 13F Filing Activity

Ward Ferry Management (bvi) LTD filed their most recent 13F report on Jun 30, 2025 disclosing 6 equity positions with a total 13F market value of $929M. The fund increased holdings in Sea LTD, H World Group LTD, Atour Lifestyle HLDGS LTD among other positions. Ward Ferry Management (bvi) LTD reduced exposure to Kanzhun Limited, Full Truck Alliance Co. LTD, Freshworks Inc. among others.

Top Buys
B
BZKANZHUN LIMITED
-$56.3M
S
SESEA LTD
+$38.6M
H
HTHTH WORLD GROUP LTD
+$35.2M
A
ATATATOUR LIFESTYLE HLDGS LTD
+$22.5M
G
GRABGRAB HOLDINGS LIMITED
+$19.1M
Top Sells
B
BZKANZHUN LIMITED
-$56.3M
S
SESEA LTD
+$38.6M
H
HTHTH WORLD GROUP LTD
+$35.2M
A
ATATATOUR LIFESTYLE HLDGS LTD
+$22.5M
G
GRABGRAB HOLDINGS LIMITED
+$19.1M

Top Holdings

S
SESEA LTD
+31.8%$295.7M
Y
YMMFULL TRUCK ALLIANCE CO LTD
+23.9%$222.1M
G
GRABGRAB HOLDINGS LIMITED
+16.9%$156.9M
B
BZKANZHUN LIMITED
+11.8%$109.7M
H
HTHTH WORLD GROUP LTD
+11.1%$103.0M

Equity Positions (6)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
SEA LTD31.81%$295.7M1,848,541$51.16$159.94+$38.6M
FULL TRUCK ALLIANCE CO LTD23.90%$222.1M18,809,184$8.16$11.81-$18.1M
GRAB HOLDINGS LIMITED16.88%$156.9M31,188,515$3.55$5.03+$19.1M
KANZHUN LIMITED11.80%$109.7M6,149,000$16.75$17.84-$56.3M
H WORLD GROUP LTD11.08%$103.0M3,035,416$36.44$33.92+$35.2M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+26.5%
SERVICES-BUSINESS SERVICES, NEC
+22.4%
SERVICES-MISCELLANEOUS BUSINESS SERVICES
+21.6%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+15.9%
HOTELS & MOTELS
+9.2%