# EDGAR Filing Document

**Accession Number:** 0001840129
**File Stem:** 0001840129-25-000007
**Filing Date:** 2025-11
**Character Count:** 11225
**Document Hash:** b120188de18d3926ece4468cfe1f8391
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001840129-25-000007.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001840129-25-000007

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hel Ved Capital Management Ltd
- **CENTRAL INDEX KEY:** 0001840129

**ORGANIZATION NAME:**
- **EIN:** 981539055
- **STATE OF INCORPORATION:** K3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21903
- **FILM NUMBER:** 251475244

**BUSINESS ADDRESS:**
- **STREET 1:** SUITE 4120, 41/F, JARDINE HOUSE
- **STREET 2:** 1 CONNAUGHT PLACE, CENTRAL
- **CITY:** CENTRAL
- **STATE:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 85236110229

**MAIL ADDRESS:**
- **STREET 1:** SUITE 4120, 41/F, JARDINE HOUSE
- **STREET 2:** 1 CONNAUGHT PLACE, CENTRAL
- **CITY:** CENTRAL
- **STATE:** K3
- **ZIP:** 00000

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Hel Ved Capital Management Ltd<br>**Address:** SUITE 4120 41/F JARDINE HOUSE<br>1 CONNAUGHT PLACE CENTRAL<br>CENTRAL, K3 00000

**Form 13F File Number:** 028-21903

**CRD Number (if applicable):** 000306323

**SEC File Number (if applicable):** 802-118665

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** ANNIE LAI<br>**Title:** COO<br>**Phone:** 36110229

**Signature, Place, and Date of Signing:**

ANNIE LAI  HONG KONG, K3  11-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 76

**Form 13F Information Table Value Total:** $475057925

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMBARELLA INC | SHS | G037AX101 |  | 18443220 | 223500 | SH | Call | SOLE |  | 223500 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 889553 | 1238 | SH |  | SOLE |  | 1238 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 4605703 | 17055 | SH |  | SOLE |  | 17055 | 0 | 0 |
| ARK ETF TR | FINTECH INNOVA | 00214Q708 |  | 710000 | 12500 | SH | Put | SOLE |  | 12500 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 2816310 | 17635 | SH |  | SOLE |  | 17635 | 0 | 0 |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 |  | 981099 | 26100 | SH |  | SOLE |  | 26100 | 0 | 0 |
| ATRENEW INC | SPONSORED ADS | 00138L108 |  | 230000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 437595 | 6055 | SH |  | SOLE |  | 6055 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 4361360 | 29940 | SH |  | SOLE |  | 29940 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 551496 | 2570 | SH |  | SOLE |  | 2570 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 506284 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 22169700 | 162000 | SH | Call | SOLE |  | 162000 | 0 | 0 |
| COURSERA INC | COM | 22266M104 |  | 524608 | 44800 | SH |  | SOLE |  | 44800 | 0 | 0 |
| DAQO NEW ENERGY CORP | SPNSRD ADS NEW | 23703Q203 |  | 5247567 | 186547 | SH |  | SOLE |  | 186547 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 3151312 | 22130 | SH |  | SOLE |  | 22130 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 2663870 | 8277 | SH |  | SOLE |  | 8277 | 0 | 0 |
| EHANG HLDGS LTD | ADS | 26853E102 |  | 3677436 | 198031 | SH |  | SOLE |  | 198031 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 1340180 | 15862 | SH |  | SOLE |  | 15862 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 1445604 | 11020 | SH |  | SOLE |  | 11020 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 4258708 | 46060 | SH |  | SOLE |  | 46060 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 4628263 | 20987 | SH |  | SOLE |  | 20987 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 2698504 | 46550 | SH |  | SOLE |  | 46550 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 3266280 | 84400 | SH |  | SOLE |  | 84400 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 401212 | 8900 | SH |  | SOLE |  | 8900 | 0 | 0 |
| HUYA INC | ADS REP SHS A | 44852D108 |  | 894262 | 268547 | SH |  | SOLE |  | 268547 | 0 | 0 |
| IMPINJ INC | COM | 453204109 |  | 5431538 | 30050 | SH |  | SOLE |  | 30050 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 12007400 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| IQIYI INC | SPONSORED ADS | 46267X108 |  | 3875328 | 1513800 | SH |  | SOLE |  | 1513800 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2419600 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 534829 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| JOYY INC | ADS REPSTG COM A | 46591M109 |  | 1412501 | 24100 | SH |  | SOLE |  | 24100 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 6507024 | 37200 | SH |  | SOLE |  | 37200 | 0 | 0 |
| LUFAX HOLDING LTD | SPONSORED ADR | 54975P201 |  | 752476 | 185339 | SH |  | SOLE |  | 185339 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 31614553 | 194300 | SH | Call | SOLE |  | 194300 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 20111864 | 120200 | SH | Call | SOLE |  | 120200 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 1158348 | 49800 | SH |  | SOLE |  | 49800 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 1988228 | 10265 | SH |  | SOLE |  | 10265 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 1862280 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 5350048 | 35200 | SH |  | SOLE |  | 35200 | 0 | 0 |
| NEW ORIENTAL ED  TECHNOLOGY | SPON ADR | 647581206 |  | 10943034 | 206200 | SH |  | SOLE |  | 206200 | 0 | 0 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 5555539 | 75085 | SH |  | SOLE |  | 75085 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 17551146 | 2303300 | SH | Call | SOLE |  | 2303300 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 2585466 | 339300 | SH |  | SOLE |  | 339300 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 528192 | 5760 | SH |  | SOLE |  | 5760 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 22077340 | 78500 | SH | Call | SOLE |  | 78500 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 5080218 | 38437 | SH |  | SOLE |  | 38437 | 0 | 0 |
| PONY AI INC | SPONSORED ADS | 732908108 |  | 11874248 | 527979 | SH |  | SOLE |  | 527979 | 0 | 0 |
| POWELL INDS INC | COM | 739128106 |  | 1280202 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| POWER SOLUTIONS INTL INC | COM NEW | 73933G202 |  | 6749678 | 68720 | SH |  | SOLE |  | 68720 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 6152384 | 44800 | SH |  | SOLE |  | 44800 | 0 | 0 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 |  | 1270996 | 17430 | SH |  | SOLE |  | 17430 | 0 | 0 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 9949632 | 807600 | SH | Call | SOLE |  | 807600 | 0 | 0 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 6832672 | 554600 | SH | Put | SOLE |  | 554600 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 15938307 | 69300 | SH | Call | SOLE |  | 69300 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 3662591 | 15925 | SH |  | SOLE |  | 15925 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 1717648 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 100935120 | 899600 | SH | Call | SOLE |  | 899600 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 1768459 | 11900 | SH |  | SOLE |  | 11900 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 3121612 | 13840 | SH |  | SOLE |  | 13840 | 0 | 0 |
| HELIUS MED TECHNOLOGIES INC | COM CL A NEW | 42328V876 |  | 5193429 | 435983 | SH |  | SOLE |  | 435983 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 3661252 | 91600 | SH |  | SOLE |  | 91600 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1612380 | 2310 | SH |  | SOLE |  | 2310 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 5591589 | 11333 | SH |  | SOLE |  | 11333 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2234814 | 8650 | SH |  | SOLE |  | 8650 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 1685148 | 72200 | SH |  | SOLE |  | 72200 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 2560792 | 18605 | SH |  | SOLE |  | 18605 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1265228 | 2845 | SH |  | SOLE |  | 2845 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 1030240 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 1336202 | 13350 | SH |  | SOLE |  | 13350 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 10010000 | 250000 | SH | Call | SOLE |  | 250000 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 4355551 | 108780 | SH |  | SOLE |  | 108780 | 0 | 0 |
| VARONIS SYS INC | COM | 922280102 |  | 2021220 | 35170 | SH |  | SOLE |  | 35170 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 5057545 | 14815 | SH |  | SOLE |  | 14815 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 4595817 | 444900 | SH |  | SOLE |  | 444900 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 802888 | 4520 | SH |  | SOLE |  | 4520 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 543203 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |

---