SCEP MANAGEMENT LTD
Q2 2025 Form 13-F
HONG KONG, HONG KONG
CIK 0001822015
· CRD 310931
· Exempt reporting adviser
$124.4M Reported Value Total
HCEP MANAGEMENT LIMITED reports under management (AUM).
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Exempt Reporting Adviser
Source: Form ADV filed 2026-03-27
Reported value
$124.4M
Quarter over quarter
-13.2%
Holdings
9
Top-10 concentration
100.0%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Cao Fang
Director
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | August 13, 2025 |
| Form | 13F-HR |
| Reported value | $124.4M |
| Positions | 9 |
| Change in reported value | -27.9% |
| New positions | 0 |
| Exited positions | 4 |
| Position turnover | 30.8% |
| Top-10 concentration | 100.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 13, 2026
|
4 | $61.3M |
|
Q1 2026 13F
Filed May 14, 2026
|
4 | $80.7M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
4 | $122.6M |
|
Q3 2025 13F
Filed Nov 13, 2025
|
10 | $176.1M |
|
Q2 2025 13F
Filed Aug 13, 2025
|
9 | $124.4M |
|
Q1 2025 13F
Filed May 14, 2025
|
13 | $172.6M |
|
Q4 2024 13F
Filed Feb 13, 2025
|
9 | $125.0M |
|
Q3 2024 13F
Filed Nov 13, 2024
|
7 | $274.4M |
|
Q2 2024 13F
Filed Aug 13, 2024
|
9 | $372.9M |
|
Q1 2024 13F
Filed May 14, 2024
|
16 | $532.0M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
16 | $479.6M |
|
Q3 2023 13F
Filed Nov 14, 2023
|
15 | $385.7M |
|
Q2 2023 13F
Filed Aug 11, 2023
|
12 | $527.0M |
|
Q1 2023 13F
Filed May 15, 2023
|
10 | $505.4M |
|
Q4 2022 13F
Filed Feb 13, 2023
|
7 | $400.0M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
4 | $128.2M |
|
Q2 2022 13F
Filed Aug 12, 2022
|
5 | $147.9M |
|
Q1 2022 13F
Filed May 11, 2022
|
6 | $152.9M |
|
Q4 2021 13F
Filed Feb 9, 2022
|
5 | $164.7M |
|
Q3 2021 13F
Filed Nov 15, 2021
|
2 | $47.2M |
3 earlier quarters on file — choose one from the quarter menu above.
Top 9 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | $64.0M | 51.44% |
| 2 | MNSO MINISO GROUP HLDG LTD | $17.8M | 14.28% |
| 3 | TAL TAL EDUCATION GROUP | $15.7M | 12.62% |
| 4 | QFIN QIFU TECHNOLOGY INC | $7.6M | 6.12% |
| 5 | TCOM TRIP COM GROUP LTD | $7.4M | 5.98% |
| 6 | LX LEXINFINTECH HLDGS LTD | $6.8M | 5.46% |
| 7 | UVXY PROSHARES TR II | $2.5M | 1.98% |
| 8 | API AGORA INC | $2.0M | 1.62% |
| 9 | VNET VNET GROUP INC | $625.6K | 0.5% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.