Brilliance Asset Management Ltd 13F annual report

Brilliance Asset Management Ltd is an investment fund managing more than $334 billion ran by Kyong Choi. There are currently 5 companies in Choi’s portfolio. The largest investments include Kanzhun Limited and Li Auto, together worth $291 billion.

$334 billion Assets Under Management (AUM)

As of 5th May 2023, Brilliance Asset Management Ltd’s top holding is 8,693,379 shares of Kanzhun Limited currently worth over $165 billion and making up 49.6% of the portfolio value. In addition, the fund holds 5,042,653 shares of Li Auto worth $126 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is H World Group Ltd worth $22 billion and the next is PDD Inc worth $15.4 billion, with 203,081 shares owned.

Currently, Brilliance Asset Management Ltd's portfolio is worth at least $334 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Brilliance Asset Management Ltd

The Brilliance Asset Management Ltd office and employees reside in Central, Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Kyong Choi serves as the Chief Executive Officer, Chief Operating Officer at Brilliance Asset Management Ltd.

Recent trades

In the most recent 13F filing, Brilliance Asset Management Ltd revealed that it had opened a new position in H World Group Ltd and bought 448,170 shares worth $22 billion.

The investment fund also strengthened its position in Kanzhun Limited by buying 1,479,839 additional shares. This makes their stake in Kanzhun Limited total 8,693,379 shares worth $165 billion.

On the other hand, there are companies that Brilliance Asset Management Ltd is getting rid of from its portfolio. Brilliance Asset Management Ltd closed its position in Alibaba Group Hldg Ltd on 12th May 2023. It sold the previously owned 540,146 shares for $47.6 billion. Kyong Choi also disclosed a decreased stake in Li Auto by 0.3%. This leaves the value of the investment at $126 billion and 5,042,653 shares.

One of the average hedge funds

The two most similar investment funds to Brilliance Asset Management Ltd are Blue Bell Private Wealth Management and Advisory Resource. They manage $334 billion and $333 billion respectively.

Kyong Choi investment strategy

Brilliance Asset Management Ltd’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 43.8% of the total portfolio value. The fund focuses on investments in the China as 60.0% of the portfolio companies are based in the China.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 60% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $52.1 billion.

The complete list of Brilliance Asset Management Ltd trades based on 13F SEC filings

These positions were updated on May 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Kanzhun Limited	20.51% 8,693,379	$165,435,002,000	49.60%
Li Auto Inc.	34.59% 5,042,653	$125,814,192,000	37.72%
Alibaba Group Hldg Ltd	Closed 540,146	$47,581,461,000
H World Group Ltd	Opened 448,170	$21,951,367,000	6.58%
PDD Holdings Inc	Opened 203,081	$15,413,848,000	4.62%
Sea Ltd	Closed 172,928	$8,997,444,000
Trip.com Group Ltd	9.13% 131,478	$4,952,776,000	1.48%
KE Holdings Inc.	Closed 32,690	$456,352,000
No transactions found
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