# CIF Asset Management Ltd

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1830820. Source: https://holderbook.com/funds/1830820-cif-asset-management-ltd/

- Reported value: $85.2M
- Positions: 9
- Weight of the ten largest: 100.0%
- Filed: 2021-11-12

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 |
|---|---|---|---|---|---|
| PROSHARES TR | [SQQQXXXX](https://holderbook.com/stocks/SQQQXXXX/) | $50.4M | 5,843,900 | 59.2% | 2 |
| KE HLDGS INC | [BEKE](https://holderbook.com/stocks/BEKE/) | $8.2M | 447,800 | 9.6% | 4 |
| BEONE MEDICINES LTD | [ONC](https://holderbook.com/stocks/ONC/) | $7.4M | 20,500 | 8.7% | 4 |
| BILIBILI INC | [BILI](https://holderbook.com/stocks/BILI/) | $6.6M | 100,300 | 7.8% | 4 |
| RLX TECHNOLOGY INC | [RLX](https://holderbook.com/stocks/RLX/) | $4.4M | 977,400 | 5.2% | 1 |
| TENCENT MUSIC ENTMT GROUP | [TME](https://holderbook.com/stocks/TME/) | $3.4M | 472,300 | 4.0% | 2 |
| NOVABRIDGE BIOSCIENCES | [NBP](https://holderbook.com/stocks/NBP/) | $2.4M | 32,649 | 2.8% | 3 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $2.1M | 14,500 | 2.5% | 4 |
| ZEPP HEALTH CORPORATION | [ZEPP](https://holderbook.com/stocks/ZEPP/) | $203.0K | 25,300 | 0.2% | 3 |

## 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 |
|---|---|---|---|---|
| Q3 2021 | -25.5% | +0.3% | -25.7% | 100% |
| Q2 2021 | -3.3% | +8.0% | -11.3% | 100% |
| Q1 2021 | -5.9% | +6.0% | -11.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $85.2M | 9 |
| Q2 2021 | $104.7M | 8 |
| Q1 2021 | $49.1M | 7 |
| Q4 2020 | $82.0M | 9 |