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← Tybourne Capital Management HK Ltd, latest filing

What Tybourne Capital Management HK Ltd changed, 2013 to 2025

50 quarterly 13F filings, from Q2 2013 to Q3 2025, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.

Reported book

$31m

$671m at Q2 2013

Positions

4

13 at Q2 2013

Top ten weight

100%

93% at Q2 2013

Typical quarterly turnover

about 18%

Estimated from share changes

Reported book by quarter
$0$2bn$5bnQ2 2013: $671mQ3 2013: $843mQ4 2013: $915mQ1 2014: $878m14Q2 2014: $1.1bnQ3 2014: $1.0bnQ4 2014: $1.1bnQ1 2015: $1.1bn15Q2 2015: $1.2bnQ3 2015: $1.4bnQ4 2015: $1.3bnQ1 2016: $1.5bn16Q2 2016: $1.9bnQ3 2016: $2.0bnQ4 2016: $2.1bnQ1 2017: $2.2bn17Q2 2017: $2.2bnQ3 2017: $1.3bnQ4 2017: $1.6bnQ1 2018: $2.0bn18Q2 2018: $2.2bnQ3 2018: $2.3bnQ4 2018: $2.2bnQ1 2019: $2.6bn19Q2 2019: $2.8bnQ3 2019: $2.3bnQ4 2019: $2.6bnQ1 2020: $2.7bn20Q2 2020: $3.3bnQ3 2020: $4.1bnQ4 2020: $4.8bnQ1 2021: $4.6bn21Q2 2021: $4.7bnQ3 2021: $4.0bnQ4 2021: $3.4bnQ1 2022: $1.7bn22Q2 2022: $1.4bnQ3 2022: $1.0bnQ4 2022: $1.0bnQ1 2023: $993m23Q2 2023: $925mQ3 2023: $716mQ4 2023: $671mQ1 2024: $585m24Q2 2024: $492mQ3 2024: $357mQ4 2024: $398mQ1 2025: $24m25Q2 2025: $35mQ3 2025: $31m
  • Q2 2013: $671m
  • Q3 2013: $843m
  • Q4 2013: $915m
  • Q1 2014: $878m
  • Q2 2014: $1.1bn
  • Q3 2014: $1.0bn
  • Q4 2014: $1.1bn
  • Q1 2015: $1.1bn
  • Q2 2015: $1.2bn
  • Q3 2015: $1.4bn
  • Q4 2015: $1.3bn
  • Q1 2016: $1.5bn
  • Q2 2016: $1.9bn
  • Q3 2016: $2.0bn
  • Q4 2016: $2.1bn
  • Q1 2017: $2.2bn
  • Q2 2017: $2.2bn
  • Q3 2017: $1.3bn
  • Q4 2017: $1.6bn
  • Q1 2018: $2.0bn
  • Q2 2018: $2.2bn
  • Q3 2018: $2.3bn
  • Q4 2018: $2.2bn
  • Q1 2019: $2.6bn
  • Q2 2019: $2.8bn
  • Q3 2019: $2.3bn
  • Q4 2019: $2.6bn
  • Q1 2020: $2.7bn
  • Q2 2020: $3.3bn
  • Q3 2020: $4.1bn
  • Q4 2020: $4.8bn
  • Q1 2021: $4.6bn
  • Q2 2021: $4.7bn
  • Q3 2021: $4.0bn
  • Q4 2021: $3.4bn
  • Q1 2022: $1.7bn
  • Q2 2022: $1.4bn
  • Q3 2022: $1.0bn
  • Q4 2022: $1.0bn
  • Q1 2023: $993m
  • Q2 2023: $925m
  • Q3 2023: $716m
  • Q4 2023: $671m
  • Q1 2024: $585m
  • Q2 2024: $492m
  • Q3 2024: $357m
  • Q4 2024: $398m
  • Q1 2025: $24m
  • Q2 2025: $35m
  • Q3 2025: $31m
Share of the book in the ten largest positions
0%50%100%Q2 2013: 93%Q3 2013: 89%Q4 2013: 91%Q1 2014: 91%14Q2 2014: 96%Q3 2014: 100%Q4 2014: 98%Q1 2015: 100%15Q2 2015: 100%Q3 2015: 100%Q4 2015: 100%Q1 2016: 100%16Q2 2016: 100%Q3 2016: 100%Q4 2016: 100%Q1 2017: 100%17Q2 2017: 100%Q3 2017: 100%Q4 2017: 100%Q1 2018: 100%18Q2 2018: 100%Q3 2018: 100%Q4 2018: 100%Q1 2019: 100%19Q2 2019: 92%Q3 2019: 98%Q4 2019: 96%Q1 2020: 72%20Q2 2020: 67%Q3 2020: 57%Q4 2020: 57%Q1 2021: 59%21Q2 2021: 66%Q3 2021: 71%Q4 2021: 72%Q1 2022: 59%22Q2 2022: 63%Q3 2022: 64%Q4 2022: 66%Q1 2023: 66%23Q2 2023: 67%Q3 2023: 74%Q4 2023: 68%Q1 2024: 74%24Q2 2024: 76%Q3 2024: 86%Q4 2024: 70%Q1 2025: 100%25Q2 2025: 100%Q3 2025: 100%
  • Q2 2013: 93%
  • Q3 2013: 89%
  • Q4 2013: 91%
  • Q1 2014: 91%
  • Q2 2014: 96%
  • Q3 2014: 100%
  • Q4 2014: 98%
  • Q1 2015: 100%
  • Q2 2015: 100%
  • Q3 2015: 100%
  • Q4 2015: 100%
  • Q1 2016: 100%
  • Q2 2016: 100%
  • Q3 2016: 100%
  • Q4 2016: 100%
  • Q1 2017: 100%
  • Q2 2017: 100%
  • Q3 2017: 100%
  • Q4 2017: 100%
  • Q1 2018: 100%
  • Q2 2018: 100%
  • Q3 2018: 100%
  • Q4 2018: 100%
  • Q1 2019: 100%
  • Q2 2019: 92%
  • Q3 2019: 98%
  • Q4 2019: 96%
  • Q1 2020: 72%
  • Q2 2020: 67%
  • Q3 2020: 57%
  • Q4 2020: 57%
  • Q1 2021: 59%
  • Q2 2021: 66%
  • Q3 2021: 71%
  • Q4 2021: 72%
  • Q1 2022: 59%
  • Q2 2022: 63%
  • Q3 2022: 64%
  • Q4 2022: 66%
  • Q1 2023: 66%
  • Q2 2023: 67%
  • Q3 2023: 74%
  • Q4 2023: 68%
  • Q1 2024: 74%
  • Q2 2024: 76%
  • Q3 2024: 86%
  • Q4 2024: 70%
  • Q1 2025: 100%
  • Q2 2025: 100%
  • Q3 2025: 100%

The positions that defined it

Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q3 2025. The line is its reported value each quarter.

PositionValue over timeFirst listedLargestQ3 2025
Taysha Gene Therapies Inc(TSHA)Q3 2020$13mQ4 2020$12m
Forte Biosciences Inc (fbrx Us)(FBRX)Q3 2024$14mQ4 2024$12m
Alumis Inc (alms Us)(ALMS)Q2 2025$5.6mQ3 2025$5.6m
Zentalis Pharmaceuticals Inc(ZNTL)Q2 2020$221mQ4 2021$1.5m
Charter Communications Inc N(CHTR)Class AQ2 2016$533mQ2 2016Soldlast listed Q1 2017
Salesforce Com Inc(CRM)Q2 2013$525mQ1 2018Soldlast listed Q1 2020
JD Com Inc(JD)Sponsored ADR Class AQ4 2016$472mQ1 2017Soldlast listed Q2 2023
Charter Communications Inc DClass A NewQ2 2015$442mQ1 2016Soldlast listed Q1 2016
Amazon Com Inc(AMZN)Q2 2013$441mQ2 2017Soldlast listed Q4 2024
Ke HLDGS Inc(BEKE)Sponsored ADSQ4 2020$440mQ2 2021Soldlast listed Q2 2024
Sea LTD(SE)Sponsord ADSQ4 2020$404mQ1 2021Soldlast listed Q2 2024
Mercadolibre Inc(MELI)Q2 2019$368mQ2 2021Soldlast listed Q4 2024

Quarter by quarter

2025Q1Q2Q3
2024Q1Q2Q3Q4
2023Q1Q2Q3Q4
2022Q1Q2Q3Q4
2021Q1Q2Q3Q4
2020Q1Q2Q3Q4
2019Q1Q2Q3Q4
2018Q1Q2Q3Q4
2017Q1Q2Q3Q4
2016Q1Q2Q3Q4
2015Q1Q2Q3Q4
2014Q1Q2Q3Q4
2013Q2Q3Q4

Q3 2023: $716m across 38 positions

Against Q2 2023: 6 new, 11 added to, 12 trimmed, 10 sold out, across all 38 positions.

Turnover about 9% of the book, estimated from share changes at quarter-end prices.

Largest additions

  • Texas Instruments Inc (txn Us) (TXN)+$11m
  • Huazhu Group Ltd-adr (htht Us) (HTHT)+$9.7m
  • Ke HLDGS Inc (BEKE)+$1.9m
  • Zto Express Cayman Inc-adr (zto Us) (ZTO)+$891k
  • Okta Inc (okta Us) (OKTA)+$404k
  • Coupang Inc (cpng Us) (CPNG)+$209k
  • Criteo Sa-spon ADR (crto Us) (CRTO)+$22k
  • Taiwan Semiconductor-sp ADR (tsm Us) (TSM)+$19k

Largest reductions

  • Mercadolibre Inc (MELI)-$47m
  • Mongodb Inc (MDB)-$35m
  • Lam Research Corp (lrcx Us)-$31m
  • Amazon Com Inc (AMZN)-$30m
  • Microsoft Corp (MSFT)-$22m
  • Nvidia Corp (nvda Us) (NVDA)-$18m
  • Linde PLC (lin Us) (LIN)-$9.9m
  • Iqvia Holdings Inc (iqv Us) (IQV)-$6.9m

Opened

  • Epam Systems Inc (epam Us) (EPAM)$39m
  • Forte Biosciences Inc (fbrx Us)$2.4m
  • Icici Bank Ltd-spon ADR (ibn Us) (IBN)$2.3m

Sold out

  • Shopify Inc (SHOP)was $14m
  • Coherent Corp (cohr Us) (COHR)was $1.1m
  • Kanzhun LTD - ADR (bz Us) (BZ)was $1.1m
  • Global-e Online LTD (glbe Us) (GLBE)was $912k
  • Spotify Technology SA (spot Us) (SPOT)was $882k
  • Etsy Inc (ETSY)was $767k
  • Farfetch LTD (FTCHQ)was $602k
  • Pinduoduo Inc-adr (pdd Us) (PDD)was $509k

Largest positions, Q3 2023

The largest 25 of 38 reported positions.

PositionValueWeightOn the quarter
Canadian Pacific Kansas City (cp Us) (CP)$74m10.3%Held
Microsoft Corp (MSFT)$67m9.4%Trimmed
Visa Inc (V)$65m9.0%Trimmed
S&P Global Inc (spgi Us) (SPGI)$60m8.4%Trimmed
Linde PLC (lin Us) (LIN)$52m7.3%Trimmed
Amazon Com Inc (AMZN)$51m7.2%Trimmed
Huazhu Group Ltd-adr (htht Us) (HTHT)$42m5.9%Added
Texas Instruments Inc (txn Us) (TXN)$41m5.7%Added
Ke HLDGS Inc (BEKE)$40m5.5%Added
Epam Systems Inc (epam Us) (EPAM)$39m5.4%New
Iqvia Holdings Inc (iqv Us) (IQV)$38m5.3%Trimmed
Bicycle Therapeutics PLC (BCYC)$26m3.6%Held
Sea LTD (SE)$25m3.5%Added
Acelyrin Inc (slrn Us)$23m3.2%Held
Stoneco LTD (STNE)$20m2.8%Held
Zentalis Pharmaceuticals Inc (ZNTL)$19m2.7%Held
Lianbio-adr (lian Us)$4.9m0.7%Held
Taysha Gene Therapies Inc (TSHA)$4.7m0.7%Held
Forte Biosciences Inc (fbrx Us)$2.4m0.3%New
Icici Bank Ltd-spon ADR (ibn Us) (IBN)$2.3m0.3%New
Doordash Inc - A (dash Us) (DASH)$1.8m0.3%Held
Mercadolibre Inc (MELI)$1.5m0.2%Trimmed
Nvidia Corp (nvda Us) (NVDA)$1.5m0.2%Trimmed
Taiwan Semiconductor-sp ADR (tsm Us) (TSM)$1.4m0.2%Added
On Semiconductor (on Us) (ON)$1.4m0.2%Held

The books most like this one

Among the managers whose filings are on file, at Q3 2025. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.

ManagerOverlapStocks in bothOverlap over time
Point72 Asset Management LPat least under 0.1%1Compare

“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.

The filings behind it

Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.

QuarterFilerBookAmendedFiling
Q3 2025Tybourne Capital Management HK Ltd$31m13F-HR
Q2 2025Tybourne Capital Management HK Ltd$35m13F-HR
Q1 2025Tybourne Capital Management HK Ltd$24m13F-HR
Q4 2024Tybourne Capital Management HK Ltd$398m13F-HR
Q3 2024Tybourne Capital Management HK Ltd$357m13F-HR
Q2 2024Tybourne Capital Management HK Ltd$492m13F-HR
Q1 2024Tybourne Capital Management HK Ltd$585m13F-HR
Q4 2023Tybourne Capital Management HK Ltd$671m13F-HR
Q3 2023Tybourne Capital Management HK Ltd$716m13F-HR
Q2 2023Tybourne Capital Management HK Ltd$925m13F-HR
Q1 2023Tybourne Capital Management HK Ltd$993m13F-HR
Q4 2022Tybourne Capital Management HK Ltd$1.0bn13F-HR
Q3 2022Tybourne Capital Management HK Ltd$1.0bn13F-HR
Q2 2022Tybourne Capital Management HK Ltd$1.4bn13F-HR
Q1 2022Tybourne Capital Management HK Ltd$1.7bn13F-HR
Q4 2021Tybourne Capital Management HK Ltd$3.4bn13F-HR
Q3 2021Tybourne Capital Management HK Ltd$4.0bn13F-HR
Q2 2021Tybourne Capital Management HK Ltd$4.7bn13F-HR
Q1 2021Tybourne Capital Management HK Ltd$4.6bn13F-HR
Q4 2020Tybourne Capital Management HK Ltd$4.8bn13F-HR
Q3 2020Tybourne Capital Management HK Ltd$4.1bn13F-HR
Q2 2020Tybourne Capital Management HK Ltd$3.3bn13F-HR
Q1 2020Tybourne Capital Management HK Ltd$2.7bn13F-HR
Q4 2019Tybourne Capital Management HK Ltd$2.6bn13F-HR
Q3 2019Tybourne Capital Management HK Ltd$2.3bn13F-HR
Q2 2019Tybourne Capital Management HK Ltd$2.8bn13F-HR
Q1 2019Tybourne Capital Management HK Ltd$2.6bn13F-HR
Q4 2018Tybourne Capital Management HK Ltd$2.2bn13F-HR
Q3 2018Tybourne Capital Management HK Ltd$2.3bn13F-HR
Q2 2018Tybourne Capital Management HK Ltd$2.2bn13F-HR
Q1 2018Tybourne Capital Management HK Ltd$2.0bn13F-HR
Q4 2017Tybourne Capital Management HK Ltd$1.6bn13F-HR
Q3 2017Tybourne Capital Management HK Ltd$1.3bn13F-HR
Q2 2017Tybourne Capital Management HK Ltd$2.2bn13F-HR
Q1 2017Tybourne Capital Management HK Ltd$2.2bn13F-HR
Q4 2016Tybourne Capital Management HK Ltd$2.1bn13F-HR
Q3 2016Tybourne Capital Management HK Ltd$2.0bn13F-HR
Q2 2016Tybourne Capital Management HK Ltd$1.9bn13F-HR
Q1 2016Tybourne Capital Management HK Ltd$1.5bn13F-HR
Q4 2015Tybourne Capital Management HK Ltd$1.3bn13F-HR
Q3 2015Tybourne Capital Management HK Ltd$1.4bn13F-HR
Q2 2015Tybourne Capital Management HK Ltd$1.2bn13F-HR
Q1 2015Tybourne Capital Management HK Ltd$1.1bn13F-HR
Q4 2014Tybourne Capital Management HK Ltd$1.1bn13F-HR
Q3 2014Tybourne Capital Management HK Ltd$1.0bn13F-HR
Q2 2014Tybourne Capital Management HK Ltd$1.1bn13F-HR
Q1 2014Tybourne Capital Management HK Ltd$878m13F-HR
Q4 2013Tybourne Capital Management HK Ltd$915m13F-HR
Q3 2013Tybourne Capital Management HK Ltd$843m13F-HR
Q2 2013Tybourne Capital Management HK Ltd$671m13F-HR

Reading this record

A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.

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