# BRILLIANCE ASSET MANAGEMENT LTD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1665751. Source: https://holderbook.com/funds/1665751-brilliance-asset-management-ltd/

- Reported value: $339.3M
- Positions: 11
- Weight of the ten largest: 98.9%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $119.2M | 1,562,304 | 35.1% | 3 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $82.2M | 10,127,735 | 24.2% | 2 |
| KANZHUN LIMITED | [BZ](https://holderbook.com/stocks/BZ/) | $64.5M | 5,007,947 | 19.0% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $23.2M | 41,137 | 6.8% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $12.7M | 34,511 | 3.7% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.7M | 40,877 | 2.9% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $8.5M | 17,771 | 2.5% | 2 |
| LEXINFINTECH HLDGS LTD | [LX](https://holderbook.com/stocks/LX/) | $7.5M | 3,800,265 | 2.2% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.1M | 18,206 | 1.2% | 2 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $4.1M | 46,855 | 1.2% | 1 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $3.8M | 95,211 | 1.1% | 2 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +6.6% | +14.8% | -8.3% | 100% |
| Q1 2026 | -5.0% | -4.6% | -0.3% | 100% |
| Q4 2025 | +1.0% | +2.4% | -1.4% | 100% |
| Q3 2025 | +2.1% | +7.8% | -5.7% | 100% |
| Q2 2025 | +18.1% | +10.5% | +7.6% | 100% |
| Q1 2025 | +13.2% | -4.6% | +17.8% | 100% |
| Q4 2024 | +7.6% | +2.1% | +5.4% | 100% |
| Q3 2024 | +13.8% | +5.4% | +8.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $339.3M | 11 |
| Q1 2026 | $339.1M | 16 |
| Q4 2025 | $254.8M | 6 |
| Q3 2025 | $187.5M | 7 |
| Q2 2025 | $153.6M | 7 |
| Q1 2025 | $302.5M | 9 |
| Q4 2024 | $443.9M | 7 |
| Q3 2024 | $390.7M | 9 |
| Q2 2024 | $398.1M | 15 |
| Q1 2024 | $453.1M | 10 |
| Q4 2023 | $461.9M | 6 |
| Q3 2023 | $396.4M | 8 |