# Polymer Capital Management (HK) LTD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1970465. Source: https://holderbook.com/funds/1970465-polymer-capital-management-hk-ltd/

- Reported value: $2.0B
- Positions: 142
- Weight of the ten largest: 69.4%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $553.9M | 0 | 28.0% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $434.0M | 0 | 22.0% | 9 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $76.2M | 33,521 | 3.9% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $67.9M | 56,607 | 3.4% | 8 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $64.3M | 321,441 | 3.3% | 11 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $44.8M | 61,986 | 2.3% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $34.6M | 29,958 | 1.8% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $33.0M | 432,300 | 1.7% | 11 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $31.7M | 104,649 | 1.6% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $30.0M | 62,849 | 1.5% | 11 |
| ROUNDHILL ETF TRUST | - | $25.4M | 343,498 | 1.3% | 1 |
| ALNYLAM PHARMACEUTICALS INC | [ALNY](https://holderbook.com/stocks/ALNY/) | $19.6M | 64,957 | 1.0% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $19.5M | 33,629 | 1.0% | 11 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $17.0M | 62,687 | 0.9% | 1 |
| FRONTLINE PLC | [FRO](https://holderbook.com/stocks/FRO/) | $16.9M | 486,276 | 0.9% | 2 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $16.7M | 105,300 | 0.8% | 1 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $15.8M | 24,764 | 0.8% | 7 |
| IONIS PHARMACEUTICALS INC | [IONS](https://holderbook.com/stocks/IONS/) | $14.1M | 177,897 | 0.7% | 2 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $14.1M | 151,492 | 0.7% | 1 |
| DUOLINGO INC | [DUOL](https://holderbook.com/stocks/DUOL/) | $14.1M | 122,300 | 0.7% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $12.9M | 29,776 | 0.7% | 1 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $12.0M | 262,800 | 0.6% | 5 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $12.0M | 903,300 | 0.6% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $11.8M | 31,515 | 0.6% | 1 |
| CYTOKINETICS INC | [CYTK](https://holderbook.com/stocks/CYTK/) | $11.8M | 138,255 | 0.6% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $11.4M | 64,676 | 0.6% | 1 |
| AMER SPORTS INC | [AS](https://holderbook.com/stocks/AS/) | $10.6M | 312,652 | 0.5% | 3 |
| GILDAN ACTIVEWEAR INC | [GIL](https://holderbook.com/stocks/GIL/) | $10.1M | 195,139 | 0.5% | 5 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $10.0M | 53,900 | 0.5% | 9 |
| ERASCA INC | [ERAS](https://holderbook.com/stocks/ERAS/) | $8.8M | 478,020 | 0.4% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.7M | 36,360 | 0.4% | 3 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $8.7M | 32,442 | 0.4% | 2 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $8.4M | 38,665 | 0.4% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $8.3M | 22,030 | 0.4% | 5 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $8.2M | 152,781 | 0.4% | 9 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $8.2M | 63,694 | 0.4% | 1 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $8.1M | 47,409 | 0.4% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $8.0M | 91,876 | 0.4% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $7.4M | 20,836 | 0.4% | 5 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $7.3M | 8,509 | 0.4% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $7.2M | 51,594 | 0.4% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $7.2M | 126,344 | 0.4% | 1 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $7.0M | 16,358 | 0.4% | 2 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $6.1M | 41,764 | 0.3% | 7 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $6.1M | 134,502 | 0.3% | 2 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $6.0M | 6,266 | 0.3% | 1 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $5.3M | 21,156 | 0.3% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.3M | 14,798 | 0.3% | 7 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $5.3M | 14,119 | 0.3% | 1 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $5.1M | 20,879 | 0.3% | 2 |
| GLOBAL X FDS | [COPX](https://holderbook.com/stocks/COPX/) | $5.1M | 66,000 | 0.3% | 1 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $5.1M | 380,741 | 0.3% | 2 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $5.0M | 35,000 | 0.3% | 4 |
| LEGEND BIOTECH CORP | [LEGN](https://holderbook.com/stocks/LEGN/) | $4.8M | 165,209 | 0.2% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $4.7M | 2,362 | 0.2% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $4.6M | 18,172 | 0.2% | 3 |
| BILIBILI INC | [BILI](https://holderbook.com/stocks/BILI/) | $4.6M | 270,000 | 0.2% | 10 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $4.3M | 24,105 | 0.2% | 1 |
| ONTO INNOVATION INC | [ONTO](https://holderbook.com/stocks/ONTO/) | $4.3M | 11,400 | 0.2% | 1 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $4.3M | 42,800 | 0.2% | 1 |
| FORMFACTOR INC | [FORM](https://holderbook.com/stocks/FORM/) | $4.0M | 25,000 | 0.2% | 2 |
| CORVUS PHARMACEUTICALS INC | [CRVS](https://holderbook.com/stocks/CRVS/) | $3.9M | 263,662 | 0.2% | 2 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $3.9M | 78,801 | 0.2% | 1 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $3.8M | 2,720 | 0.2% | 3 |
| HYATT HOTELS CORP | [H](https://holderbook.com/stocks/H/) | $3.6M | 18,802 | 0.2% | 2 |
| SUMMIT THERAPEUTICS INC | [SMMT](https://holderbook.com/stocks/SMMT/) | $3.3M | 224,853 | 0.2% | 7 |
| ON HLDG AG | [ONON](https://holderbook.com/stocks/ONON/) | $3.3M | 92,118 | 0.2% | 1 |
| NEW ORIENTAL ED & TECHNOLOGY | [EDU](https://holderbook.com/stocks/EDU/) | $3.3M | 70,826 | 0.2% | 11 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.2M | 33,300 | 0.2% | 11 |
| UNITED MICROELECTRONICS CORP | [UMC](https://holderbook.com/stocks/UMC/) | $3.1M | 115,074 | 0.2% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.1M | 38,132 | 0.2% | 1 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $3.0M | 16,355 | 0.2% | 1 |
| ARROWHEAD PHARMACEUTICALS IN | [ARWR](https://holderbook.com/stocks/ARWR/) | $3.0M | 36,800 | 0.2% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $2.8M | 39,400 | 0.1% | 1 |
| INNIO NV | [INIO](https://holderbook.com/stocks/INIO/) | $2.8M | 70,000 | 0.1% | 1 |
| IMPINJ INC | [PI](https://holderbook.com/stocks/PI/) | $2.7M | 18,769 | 0.1% | 1 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $2.7M | 13,000 | 0.1% | 1 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $2.7M | 33,225 | 0.1% | 3 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $2.6M | 60,000 | 0.1% | 1 |
| LINCOLN EDL SVCS CORP | [LINC](https://holderbook.com/stocks/LINC/) | $2.5M | 50,000 | 0.1% | 1 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $2.5M | 7,001 | 0.1% | 2 |
| DIREXION SHARES ETF TRUST | [SOXL](https://holderbook.com/stocks/SOXL/) | $2.3M | 8,800 | 0.1% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $2.3M | 4,815 | 0.1% | 2 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $2.3M | 3,704 | 0.1% | 2 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $2.2M | 13,701 | 0.1% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.1M | 6,077 | 0.1% | 7 |
| DEFINIUM THERAPEUTICS INC | [DFTX](https://holderbook.com/stocks/DFTX/) | $2.1M | 44,100 | 0.1% | 1 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $2.0M | 24,400 | 0.1% | 1 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $2.0M | 3,876 | 0.1% | 2 |
| MOONLAKE IMMUNOTHERAPEUTICS | [MLTX](https://holderbook.com/stocks/MLTX/) | $2.0M | 100,463 | 0.1% | 1 |
| HONDA MOTOR CO LTD | [HMC](https://holderbook.com/stocks/HMC/) | $2.0M | 72,000 | 0.1% | 1 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $1.9M | 56,177 | 0.1% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.9M | 2,480 | 0.1% | 9 |
| GRAB HOLDINGS LIMITED | [GRAB](https://holderbook.com/stocks/GRAB/) | $1.7M | 452,401 | 0.1% | 5 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.7M | 1,492 | 0.1% | 1 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.7M | 8,034 | 0.1% | 1 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $1.6M | 63,200 | 0.1% | 8 |
| SOCIEDAD QUIMICA Y MINERA DE | [SQM](https://holderbook.com/stocks/SQM/) | $1.5M | 20,600 | 0.1% | 1 |
| SITIME CORP | [SITM](https://holderbook.com/stocks/SITM/) | $1.5M | 2,000 | 0.1% | 2 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $1.4M | 8,500 | 0.1% | 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 | +35.8% | +14.8% | +21.0% | 62% |
| Q1 2026 | +1.2% | -4.6% | +5.9% | 91% |
| Q4 2025 | +6.3% | +2.4% | +4.0% | 99% |
| Q3 2025 | +18.5% | +7.8% | +10.7% | 97% |
| Q2 2025 | +10.5% | +10.5% | +0.1% | 98% |
| Q1 2025 | -5.2% | -4.6% | -0.6% | 99% |
| Q4 2024 | +4.9% | +2.1% | +2.7% | 100% |
| Q3 2024 | +8.9% | +5.4% | +3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.0B | 142 |
| Q1 2026 | $1.2B | 147 |
| Q4 2025 | $703.0M | 126 |
| Q3 2025 | $725.3M | 244 |
| Q2 2025 | $661.1M | 148 |
| Q1 2025 | $586.7M | 128 |
| Q4 2024 | $576.7M | 167 |
| Q3 2024 | $432.1M | 150 |
| Q2 2024 | $493.7M | 155 |
| Q1 2024 | $397.2M | 193 |
| Q4 2023 | $289.4M | 111 |