# Snow Lake Capital (HK) Ltd

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1565316. Source: https://holderbook.com/funds/1565316-snow-lake-capital-hk-ltd/

- Reported value: $204.3M
- Positions: 12
- Weight of the ten largest: 98.1%
- Filed: 2023-02-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TAL ED GROUP | [TAL](https://holderbook.com/stocks/TAL/) | $50.6M | 7,177,032 | 24.8% | 5 |
| CHINDATA GROUP HLDGS LTD | [CD](https://holderbook.com/stocks/CD/) | $33.5M | 4,200,000 | 16.4% | 2 |
| JINKOSOLAR HLDG CO LTD | [JKS](https://holderbook.com/stocks/JKS/) | $32.7M | 800,000 | 16.0% | 2 |
| SUMMIT HEALTHCRE ACQUISTN CO | [SMIH](https://holderbook.com/stocks/SMIH/) | $20.1M | 2,000,000 | 9.8% | 1 |
| DAQO NEW ENERGY CORP | [DQ](https://holderbook.com/stocks/DQ/) | $15.4M | 400,000 | 7.6% | 2 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $15.0M | 1,100,000 | 7.3% | 1 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $12.2M | 150,000 | 6.0% | 1 |
| NEW ORIENTAL ED & TECHNOLOGY | [EDU](https://holderbook.com/stocks/EDU/) | $10.4M | 300,000 | 5.1% | 2 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $6.2M | 800,000 | 3.0% | 2 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $4.2M | 100,000 | 2.1% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $3.7M | 30,000 | 1.8% | 1 |
| SUMMIT HEALTHCRE ACQUISTN CO | [SMIHW](https://holderbook.com/stocks/SMIHW/) | $135.0K | 500,000 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2022 | -1.7% | +7.1% | -8.8% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $204.3M | 12 |
| Q3 2022 | $207.5M | 8 |
| Q2 2022 | $59.7M | 2 |
| Q1 2022 | $48.3M | 2 |
| Q4 2021 | $28.2M | 1 |
| Q3 2020 | $88.5M | 2 |
| Q2 2020 | $41.5M | 1 |
| Q1 2020 | $16.1M | 1 |
| Q1 2019 | $67.3M | 1 |
| Q4 2018 | $453.1M | 2 |