Yong Rong Sells FUTU Stake: A Contrarian’s Take

According to a filing submitted to the U.S. Securities and Exchange Commission on November 04, 2025, Yong Rong (HK) Asset Management Ltd liquidated its entire holding in Futu Holdings Limited during the third quarter. The firm sold approximately 478,200 shares, with an estimated transaction value of $59.1 million, reducing its position from 14.3% of AUM to zero. A tidy exit, one might say, though “tidy” is a word that makes me think of tax forms and funerals.





