# EDGAR Filing Document

**Accession Number:** 0001614200
**File Stem:** 0001614200-23-000002
**Filing Date:** 2023-2
**Character Count:** 7658
**Document Hash:** 2c46b06cadcbcc93b85fa51d01acfc5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001614200-23-000002.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001614200-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Top Ace Asset Management Ltd
- **CENTRAL INDEX KEY:** 0001614200
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16392
- **FILM NUMBER:** 23624239

**BUSINESS ADDRESS:**
- **STREET 1:** 1505A THE CENTRIUM
- **STREET 2:** 60 WYNDHAM STREET, CENTRAL
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 85237582096

**MAIL ADDRESS:**
- **STREET 1:** 1505A THE CENTRIUM
- **STREET 2:** 60 WYNDHAM STREET, CENTRAL
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 00000

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Top Ace Asset Management Ltd<br>**Address:** 1505A THE CENTRIUM<br>60 WYNDHAM STREET CENTRAL<br>HONG KONG, K3 00000

**Form 13F File Number:** 028-16392

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:** Siu Wah CHUNG<br>**Title:** Director<br>**Phone:** 85237582097

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

Siu Wah CHUNG  Hong Kong, K3  02-13-2023<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:** 40

**Form 13F Information Table Value Total:** $136201251

      (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 |
| ALCOA CORP | COM | 013872106 |  | 9098547 | 200100 | SH |  | SOLE |  | 200100 | 0 | 0 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 17932775 | 122500 | SH |  | SOLE |  | 122500 | 0 | 0 |
| ARCH RESOURCES INC | CL A | 03940R107 |  | 12865379 | 90100 | SH |  | SOLE |  | 90100 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 2683662 | 30465 | SH |  | SOLE |  | 30465 | 0 | 0 |
| BED BATH  BEYOND INC | COM | 075896100 |  | 903600 | 360000 | SH |  | SOLE |  | 360000 | 0 | 0 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 1675200 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 5652 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 3004400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 8702748 | 329400 | SH |  | SOLE |  | 329400 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 984800 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| BAOZUN INC | SPONSORED ADR | 06684L103 |  | 574149 | 108330 | SH |  | SOLE |  | 108330 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 4917900 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CHINDATA GROUP HLDGS LTD | ADS | 16955F107 |  | 1046126 | 131258 | SH |  | SOLE |  | 131258 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 4246800 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 23700 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 778500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| GINKGO BIOWORKS HOLDINGS INC | CL A SHS | 37611X100 |  | 310250 | 183580 | SH |  | SOLE |  | 183580 | 0 | 0 |
| NEW ORIENTAL ED  TECHNOLOGY | SPON ADR | 647581206 |  | 833277 | 23931 | SH |  | SOLE |  | 23931 | 0 | 0 |
| FARADAY FUTRE INTLGT ELCTR I | COM | 307359109 |  | 203210 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| GAMESTOP CORP NEW | CL A | 36467W109 |  | 1846000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| FERROGLOBE PLC | SHS | G33856108 |  | 1844535 | 479100 | SH |  | SOLE |  | 479100 | 0 | 0 |
| JINKOSOLAR HLDG CO LTD | SPONSORED ADR | 47759T100 |  | 4088000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 |  | 409800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| RAMACO RES INC | COM | 75134P303 |  | 2285400 | 260000 | SH |  | SOLE |  | 260000 | 0 | 0 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 |  | 2052831 | 178507 | SH |  | SOLE |  | 178507 | 0 | 0 |
| HELLO GROUP INC | ADS | 423403104 |  | 979718 | 109100 | SH |  | SOLE |  | 109100 | 0 | 0 |
| ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 |  | 11206428 | 427400 | SH |  | SOLE |  | 427400 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2998800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| NORDIC AMERICAN TANKERS LIMI | COM | G65773106 |  | 1270206 | 415100 | SH |  | SOLE |  | 415100 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 1950 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 3149500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| PINDUODUO INC | SPONSORED ADS | 722304102 |  | 2446500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| PIEDMONT LITHIUM INC | COM | 72016P105 |  | 6162800 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| RLX TECHNOLOGY INC | SPONSORED ADS | 74969N103 |  | 5661220 | 2461400 | SH |  | SOLE |  | 2461400 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 1245280 | 36200 | SH |  | SOLE |  | 36200 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3695400 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| VALENS VALENS SEMICONDUCTOR LTD | ORDINARY SHARES | M9607U115 |  | 335888 | 62549 | SH |  | SOLE |  | 62549 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 286420 | 50515 | SH |  | SOLE |  | 50515 | 0 | 0 |
| WOLFSPEED INC | COM | 977852102 |  | 2071200 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| UNITED STATES STL CORP NEW | COM | 912909108 |  | 11372700 | 454000 | SH |  | SOLE |  | 454000 | 0 | 0 |

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