Hanwha Asset Management Co., Ltd.

Key Holdings

The portfolio is entirely composed of Grab Holdings Limited, which accounts for 100% of the total assets under management. Hanwha Asset Management holds 47.84 million shares valued at $240.64 million. This massive stake indicates a conviction-level investment in the Southeast Asian super-app. Grab, which operates across ride-hailing, food delivery, and digital financial services, is the sole driver of the portfolio's performance. The lack of other holdings means the portfolio's returns are perfectly correlated with Grab's stock price movements. The position remained unchanged during the quarter, implying that the firm is comfortable with its current exposure level and has not felt the need to take profits or average down despite market volatility.