HCEP Management Ltd

CIK 0001822015 · Q2 2026

13F Equity AUM

$61.3M

-24.0% QoQ

Positions

0 QoQ

AUM Rank

#10,897

Top 87%

Skill Alpha (FF)

-4.8%/yr^ns

No Clear Edge

vs S&P -28.9%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 100.0%Top 10: 100.0%Top 20: 100.0%

TSM63.7%

BABA14.7%

MNSO11.6%

UVXY10.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology63.7%

Consumer Cyclical26.3%

Financial Services10.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 4Median: 13.14%Avg: 25.00%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

0(0.0%)

5%+

4(100.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 4vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New0Increased1Decreased2Exited0

Increased

TSM63.7%

+2K(+3%)

Decreased

MNSO11.6%

-351,323(-37%)

BABA14.7%

-110,598(-54%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...