Q2 2026 13F · SEC CIK 1665751
Brilliance Asset Management Ltd
Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $339.3M
- Reported positions
- 11
- Top holdings a year, 3 yrs
- +13.0%
- Assets under management
- $851.2M
Brilliance Asset Management Ltd is a hedge fund that reported 11 positions worth $339.3M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Pdd Holdings Inc (PDD, 35.1%), Full Truck Alliance Co Ltd (YMM, 24.2%), Kanzhun Limited (BZ, 19.0%). A portfolio copying its top holdings returned 13.0% a year over the last 3 years, against 20.4% for the S&P 500.
Brilliance Asset Management Ltd holdings all 11 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| PDDPdd Holdings Inc | 35.1% | +121.8% | $119.2M |
| YMMFull Truck Alliance Co Ltd | 24.2% | +55.3% | $82.2M |
| BZKanzhun Limited | 19.0% | +0.6% | $64.5M |
| METAMeta Platforms Inc Class A | 6.8% | — | $23.2M |
| TXNTexas Instruments Inc | 3.7% | -24.8% | $12.7M |
| AMZNAmazon Com Inc Com | 2.9% | -37.5% | $9.7M |
| TSMTaiwan Semiconductor Manufac | 2.5% | +121.9% | $8.5M |
| LXLexinfintech Hldgs Ltd | 2.2% | +0.0% | $7.5M |
| NVDANvidia Corporation Com | 1.2% | -51.8% | $4.1M |
| KSPIKaspi Kz Jsc | 1.2% | — | $4.1M |
| TCOMTrip Com Group Ltd | 1.1% | +6.0% | $3.8M |
What Brilliance Asset Management Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- META Meta Platforms Inc Class A6.8% of 13F
- KSPI Kaspi Kz Jsc1.2% of 13F
Added to
- TSM Taiwan Semiconductor Manufac+121.9% shares
- PDD Pdd Holdings Inc+121.8% shares
- YMM Full Truck Alliance Co Ltd+55.3% shares
- TCOM Trip Com Group Ltd+6.0% shares
Reduced
- NVDA Nvidia Corporation Com-51.8% shares
- AMZN Amazon Com Inc Com-37.5% shares
- TXN Texas Instruments Inc-24.8% shares
Sold out
- ONTO Onto Innovation Incwas 11.7%
- AS Amer Sports Incwas 9.7%
- GOOG Alphabet Incwas 5.5%
- FUTU Futu Hldgs Ltdwas 1.7%
- ZTO Zto Express Cayman Incwas 0.8%
- U Unity Software Incwas 0.5%
- BABA Alibaba Group Hldg Ltdwas 0.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +12.4% /yr
- S&P 500 +20.1%
- 3 years
- +13.0% /yr
- S&P 500 +20.4%
- 5 years
- +0.1% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F 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 |
Questions about Brilliance Asset Management Ltd's portfolio
What stocks does Brilliance Asset Management Ltd own?
Brilliance Asset Management Ltd's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 11 positions worth $339.3M. The largest are Pdd Holdings Inc (PDD) at 35.1%, Full Truck Alliance Co Ltd (YMM) at 24.2%, Kanzhun Limited (BZ) at 19.0%, Meta Platforms Inc Class A (META) at 6.8% and Texas Instruments Inc (TXN) at 3.7%.
What did Brilliance Asset Management Ltd buy last quarter?
In Q2 2026, Brilliance Asset Management Ltd added a new position in Meta Platforms Inc Class A (META), a new position in Kaspi Kz Jsc (KSPI), Taiwan Semiconductor Manufac (TSM) (+121.9% shares), Pdd Holdings Inc (PDD) (+121.8% shares) and Full Truck Alliance Co Ltd (YMM) (+55.3% shares), compared with its Q1 2026 filing.
What did Brilliance Asset Management Ltd sell last quarter?
In Q2 2026, Brilliance Asset Management Ltd sold all of Onto Innovation Inc (ONTO), sold all of Amer Sports Inc (AS), sold all of Alphabet Inc (GOOG), sold all of Futu Hldgs Ltd (FUTU), sold all of Zto Express Cayman Inc (ZTO), Nvidia Corporation Com (NVDA) (-51.8% shares), Amazon Com Inc Com (AMZN) (-37.5% shares) and Texas Instruments Inc (TXN) (-24.8% shares), compared with its Q1 2026 filing.
How has Brilliance Asset Management Ltd's portfolio performed?
A portfolio copying Brilliance Asset Management Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.4% against +20.1%. Over 5 years: +0.1% a year against +11.6%.
When is Brilliance Asset Management Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Brilliance Asset Management Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Brilliance Asset Management Ltd manage?
Brilliance Asset Management Ltd reported $851.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $339.3M.