# SPRINGS CAPITAL (HONG KONG) Ltd

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1911536. Source: https://holderbook.com/funds/1911536-springs-capital-hong-kong-ltd/

- Reported value: $60.3M
- Positions: 12
- Weight of the ten largest: 99.1%
- Filed: 2022-11-14

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 |
|---|---|---|---|---|---|
| JINKOSOLAR HLDG CO LTD | [JKS](https://holderbook.com/stocks/JKS/) | $38.5M | 694,469 | 63.8% | 3 |
| KE HLDGS INC | [BEKE](https://holderbook.com/stocks/BEKE/) | $10.4M | 591,261 | 17.2% | 4 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $4.7M | 98,924 | 7.8% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $1.4M | 23,000 | 2.4% | 4 |
| KANZHUN LIMITED | [BZ](https://holderbook.com/stocks/BZ/) | $1.1M | 65,000 | 1.8% | 4 |
| ZTO EXPRESS CAYMAN INC | [ZTO](https://holderbook.com/stocks/ZTO/) | $961.0K | 40,000 | 1.6% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $815.0K | 3,500 | 1.4% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $735.0K | 6,500 | 1.2% | 1 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $673.0K | 12,000 | 1.1% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $475.0K | 7,500 | 0.8% | 1 |
| GRAB HOLDINGS LIMITED | [GRAB](https://holderbook.com/stocks/GRAB/) | $421.0K | 160,088 | 0.7% | 2 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $140.0K | 500 | 0.2% | 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 |
|---|---|---|---|---|
| Q3 2022 | -17.2% | -5.3% | -11.9% | 100% |
| Q2 2022 | +29.8% | -16.5% | +46.3% | 100% |
| Q1 2022 | -27.7% | -4.9% | -22.7% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $60.3M | 12 |
| Q2 2022 | $53.8M | 10 |
| Q1 2022 | $31.2M | 8 |
| Q4 2021 | $35.9M | 41 |