13F
中
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China Universal Asset Management Co., Ltd.

13F equity value
$1.3B
Positions
502
Top 10 concentration
33.7%
Quarters / total new picks
16 / 535
13F equity value over time
$0M$660M$1B202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 16 quarters, returned +2.3% per quarter — versus +3.3% per quarter from simply owning every 13F stock. It beat that baseline in only 37.5% of quarters (excess t = 0.45, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.6%
t-stat
0.45
Quarterly win rate
38%
Annualized excess
-5.4%
$1 → follow vs universe
$1.33 vs $1.61
Cumulative return: $1 invested in new picks vs universe
1.00 20220331: universe 1.07420220630: universe 0.99520220930: universe 1.06820221231: universe 0.99220230331: universe 1.04620230630: universe 1.00820230930: universe 1.14420231231: universe 1.19620240331: universe 1.22220240630: universe 1.33320240930: universe 1.32220241231: universe 1.23420250331: universe 1.34520250630: universe 1.38720250930: universe 1.56020251231: universe 1.614 20220331: follow 1.05320220630: follow 0.87020220930: follow 0.89720221231: follow 0.84220230331: follow 0.89820230630: follow 0.87520230930: follow 0.97420231231: follow 1.00320240331: follow 0.98120240630: follow 1.18520240930: follow 1.34720241231: follow 1.13720250331: follow 1.18920250630: follow 1.12420250930: follow 1.28720251231: follow 1.327 0.77 1.26 1.74 2022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 502 · 2026 Q1

Ticker Value Weight QoQ
NVDA $81M
6.1%
HOLD
AAPL $62M
4.7%
HOLD
MSFT $50M
3.8%
TRIM
GOOGL $49M
3.7%
TRIM
AMZN $42M
3.2%
TRIM
IAU $35M
2.6%
ADD
GLD $33M
2.5%
ADD
GLDM $32M
2.5%
ADD
META $31M
2.3%
TRIM
AVGO $30M
2.3%
TRIM
TSLA $23M
1.7%
ADD
AMGN $22M
1.7%
TRIM
GILD $22M
1.7%
TRIM
GOOG $20M
1.5%
TRIM
VRTX $20M
1.5%
TRIM
NFLX $19M
1.5%
HOLD
WMT $19M
1.4%
ADD
MU $18M
1.4%
TRIM
REGN $17M
1.3%
ADD
COST $16M
1.2%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ASXATATBKDCIENDBVTDRUGGEVHELPIQVIVAKEYSKPTIMSNETNKTROPCHPBRRIGSISTMTJXTSEMTWLOUVGVICRVZXRAYZURA

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.