Yunqi Capital Sells 130,000 Futu Holdings (FUTU) Shares Worth $16.1 Million

Core Viewpoint - Yunqi Capital Ltd has completely exited its position in Futu Holdings Limited, selling 130,000 shares for a net position change of approximately $16.07 million as of September 30, 2025 [1][2][6] Company Overview - Futu Holdings Limited is a leading digital financial services platform with a strong presence in Hong Kong and expanding internationally [6][8] - As of November 20, 2025, Futu's market capitalization is $21.41 billion, with trailing twelve months (TTM) revenue of $2.68 billion and net income of $1.26 billion [4][6] - The company's forward price-to-earnings ratio is 15.3 [7] Financial Performance - Futu Holdings' shares closed at $153.79 on November 20, 2025, reflecting a 76.79% increase over the past year, significantly outperforming the S&P 500 by 70.95 percentage points [7] - The company reported a year-over-year increase in total client assets by 78.9% and a third-quarter revenue jump of 86.3% [12] - Net income surged by 143.9% to $413 million in the same period [12] Investment Strategy - Yunqi Capital's sale of Futu Holdings represented approximately 9.4% of its 13F reportable assets under management (AUM), with the position previously accounting for about 11.5% of AUM [6][7] - Following the sale, Futu Holdings now represents 0% of Yunqi Capital's reportable assets under management [7] Business Model - Futu Holdings operates a tech-driven online brokerage and wealth management platform, targeting both retail and institutional investors [8][10] - The company generates revenue primarily from brokerage commissions, margin lending, and distribution fees from wealth management products [8][15]