Hcep Management Ltd 13F annual report
Hcep Management Ltd is an investment fund managing more than $373 billion ran by Cao Fang. There are currently 9 companies in Mr. Fang’s portfolio. The largest investments include Taiwan Semiconductor Mfg Ltd and KE, together worth $170 billion.
$373 billion Assets Under Management (AUM)
As of 6th August 2024, Hcep Management Ltd’s top holding is 500,000 shares of Taiwan Semiconductor Mfg Ltd currently worth over $86.9 billion and making up 23.3% of the portfolio value.
In addition, the fund holds 5,880,718 shares of KE worth $83.2 billion, whose value fell 0.8% in the past six months.
The third-largest holding is iQIYI Inc worth $57.2 billion and the next is TAL Education worth $53.4 billion, with 5,000,000 shares owned.
Currently, Hcep Management Ltd's portfolio is worth at least $373 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Hcep Management Ltd
The Hcep Management Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Cao Fang serves as the Director at Hcep Management Ltd.
Recent trades
In the most recent 13F filing, Hcep Management Ltd revealed that it had opened a new position in
Taiwan Semiconductor Mfg Ltd and bought 500,000 shares worth $86.9 billion.
The investment fund also strengthened its position in iQIYI Inc by buying
581,595 additional shares.
This makes their stake in iQIYI Inc total 15,581,595 shares worth $57.2 billion.
iQIYI Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Hcep Management Ltd is getting rid of from its portfolio.
Hcep Management Ltd closed its position in Full Truck Alliance Co on 13th August 2024.
It sold the previously owned 10,000,000 shares for $70.4 billion.
Cao Fang also disclosed a decreased stake in KE by 0.4%.
This leaves the value of the investment at $83.2 billion and 5,880,718 shares.
One of the smaller hedge funds
The two most similar investment funds to Hcep Management Ltd are Rb Capital Management and & Tax Architects. They manage $373 billion and $373 billion respectively.
Cao Fang investment strategy
Hcep Management Ltd’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Technology — making up 25.9% of
the total portfolio value.
The fund focuses on investments in the China as
44.4% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
33% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $35.6 billion.
The complete list of Hcep Management Ltd trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Taiwan Semiconductor Mfg Ltd |
Opened
500,000
|
$86,905,000,000 | 23.31% |
| KE Holdings Inc. |
40.56%
5,880,718
|
$83,212,160,000 | 22.32% |
| Full Truck Alliance Co. Ltd. |
Closed
10,000,000
|
$70,400,000,000 | |
| iQIYI Inc |
3.88%
15,581,595
|
$57,184,454,000 | 15.34% |
| TAL Education Group |
456.38%
5,000,000
|
$53,350,000,000 | 14.31% |
| Micron Technology Inc. |
Opened
300,000
|
$39,459,000,000 | 10.58% |
| JD.com Inc |
Opened
1,162,000
|
$30,026,080,000 | 8.05% |
| PDD Holdings Inc |
Closed
250,000
|
$24,517,500,000 | |
| Futu Hldgs Ltd |
Closed
290,501
|
$16,793,863,000 | |
| Direxion Shs Etf Tr |
Closed
500,000
|
$14,460,000,000 | |
| Gaotu Techedu Inc |
Opened
2,100,000
|
$10,290,000,000 | 2.76% |
| Kanzhun Limited |
Opened
500,000
|
$9,405,000,000 | 2.52% |
| Trip.com Group Ltd |
Closed
250,000
|
$8,742,500,000 | |
| NetEase Inc |
Closed
54,100
|
$5,418,656,000 | |
| Rlx Technology Inc |
Closed
2,500,000
|
$3,775,000,000 | |
| Wolfspeed Inc |
Opened
134,343
|
$3,057,647,000 | 0.82% |
| Agora, Inc. |
Closed
1,200,000
|
$3,036,000,000 | |
| Tuniu Corp |
Closed
2,500,000
|
$3,000,000,000 | |
| Coherent Corp |
Closed
57,609
|
$1,880,358,000 | |
| Daqo New Energy Corp |
Closed
20,000
|
$605,400,000 | |
| FinVolution Group |
Closed
36,758
|
$183,055,000 | |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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