1y return+4.5%S&P 500 +20.9%
3y return+71.2%S&P 500 +68.5%
5y return−18.4%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2018: $160 against $275 in the S&P 500.2
Brilliance Asset Management LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| PDDPdd Holdings Inc | $119.2M | 35.1% | +121.8% |
| YMMFull Truck Alliance Co Ltd | $82.2M | 24.2% | +55.3% |
| BZKanzhun Limited | $64.5M | 19.0% | |
| METAMeta Platforms Inc | $23.2M | 6.8% | New |
| TXNTexas Instrs Inc | $12.7M | 3.7% | −24.8% |
| AMZNAmazon Com Inc | $9.7M | 2.9% | −37.5% |
| TSMTaiwan Semiconductor Mfg Ltd | $8.5M | 2.5% | +121.9% |
| LXLexinfintech Hldgs Ltd | $7.5M | 2.2% | |
| NVDANvidia Corporation | $4.1M | 1.2% | −51.8% |
| KSPIKaspi Kz Jsc | $4.1M | 1.2% | New |
| TCOMTrip Com Group Ltd | $3.8M | 1.1% | +6.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TXNTexas Instrs Inc | December 31, 2025 | +71.8% | $12.7M |
| TSMTaiwan Semiconductor Mfg Ltd | March 31, 2026 | +41.3% | $8.5M |
| NVDANvidia Corporation | March 31, 2026 | +14.7% | $4.1M |
| AMZNAmazon Com Inc | March 31, 2026 | +14.4% | $9.7M |
| YMMFull Truck Alliance Co Ltd | March 31, 2026 | −2.2% | $82.2M |
| BZKanzhun Limited | March 31, 2026 | −3.9% | $64.5M |
| TCOMTrip Com Group Ltd | March 31, 2026 | −20.0% | $3.8M |
| PDDPdd Holdings Inc | December 31, 2025 | −32.7% | $119.2M |
| LXLexinfintech Hldgs Ltd | June 30, 2025 | −72.7% | $7.5M |
Sold off last quarter
- ONTOOnto Innovation Inc was $39.8M
- Amer Sports IncCUSIP G0260P102 was $32.9M
- GOOGAlphabet Inc was $18.5M
- FUTUFutu Hldgs Ltd was $5.7M
- ZTOZto Express Cayman In was $2.8M
- UUnity Software Inc was $1.6M
- BABAAlibaba Group Hldg Ltd was $346K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.6% | +14.8% |
| March 31, 2026 | −5.0% | −4.6% |
| December 31, 2025 | +1.0% | +2.4% |
| September 30, 2025 | +2.1% | +7.8% |
| June 30, 2025 | +18.1% | +10.5% |
| March 31, 2025 | +13.2% | −4.6% |
| December 31, 2024 | +7.6% | +2.1% |
| September 30, 2024 | +13.8% | +5.4% |
| June 30, 2024 | −8.8% | +4.0% |
| March 31, 2024 | −1.6% | +10.0% |
| December 31, 2023 | +7.7% | +11.2% |
| September 30, 2023 | +3.6% | −3.6% |
| June 30, 2023 | +3.1% | +8.3% |
| March 31, 2023 | +10.8% | +7.0% |
| December 31, 2022 | −2.3% | +7.1% |
| September 30, 2022 | −25.3% | −5.3% |
| June 30, 2022 | −8.4% | −16.5% |
| March 31, 2022 | −23.5% | −4.9% |
| December 31, 2021 | +6.4% | +10.7% |
| September 30, 2021 | −23.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Brilliance Asset Management Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1665751&type=13F-HR&dateb=&owner=include&count=40CIK 1665751
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1665751/000166575126000005/Filed August 12, 2026 · accession 0001665751-26-000005