Yiheng Capital Management, L.P.
CIK 0001447228
Annualised vol
8.109122%
Beta
0.090412
HHI
856.515821
Top-10 weight
68.329825%
VaR 95%
0.563756%
VaR 99%
1.596181%
Max drawdown
15.676547%
Matched value
59.882159%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| JD | ADDED | 598,956 | 587,513 | 1.95% | 36,559,035 |
| BILI | ADDED | 1,496,045 | 739,915 | 102.19% | 35,981,239 |
| HTHT | UNCHANGED | 323,371 | 323,371 | 0.0% | 13,491,038 |
| HNGE | REDUCED | 156,190 | 296,853 | -47.38% | 12,963,770 |
| SVCO | REDUCED | 906,381 | 1,096,282 | -17.32% | 12,498,994 |
| RERE | UNCHANGED | 3,163,117 | 3,163,117 | 0.0% | 12,241,263 |
| BILL | UNCHANGED | 222,820 | 222,820 | 0.0% | 8,057,171 |
| KYMR | REDUCED | 63,440 | 73,440 | -13.62% | 7,274,665 |
| JOYY | UNCHANGED | 85,583 | 85,583 | 0.0% | 5,647,622 |
| PSIX | NEW | 133,500 | - | - | 5,191,815 |
| PONY | UNCHANGED | 653,215 | 653,215 | 0.0% | 4,539,844 |
| BIOA | NEW | 170,532 | - | - | 4,179,739 |
| YMM | UNCHANGED | 513,248 | 513,248 | 0.0% | 4,167,574 |
| TCOM | UNCHANGED | 88,112 | 88,112 | 0.0% | 3,510,382 |
| API | UNCHANGED | 725,795 | 725,795 | 0.0% | 2,895,922 |
| DBVT | UNCHANGED | 170,142 | 170,142 | 0.0% | 2,790,329 |
| ZEPP | ADDED | 220,501 | 57,731 | 281.95% | 1,148,810 |
| BEAM | UNCHANGED | 21,126 | 21,126 | 0.0% | 725,044 |
| PASG | UNCHANGED | 86,097 | 86,097 | 0.0% | 420,153 |
| TOUR | REDUCED | 31,443 | 314,437 | -90.0% | 151,870 |
| CLBT | CLOSED OUT | 0 | 46,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | NOAH HLDGS LTD | SPON ADS | 65487X102 | 67,106,336 | 23.04 | 6717351.0 | |
| BILI | ADDED | BILIBILI INC | SPONS ADS REP Z | 090040106 | 25,371,549 | 8.71 | 1489815.0 |
| - | NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 647581206 | 24,623,874 | 8.45 | 536351.0 | |
| JD | ADDED | JD.COM INC | SPON ADS CL A | 47215P106 | 15,046,271 | 5.17 | 590513.0 |
| HTHT | UNCHANGED | H WORLD GROUP LTD | SPONSORED ADS | 44332N106 | 13,491,038 | 4.63 | 323371.0 |
| HNGE | REDUCED | HINGE HEALTH INC | CL A | 433313103 | 12,963,770 | 4.45 | 156190.0 |
| SVCO | REDUCED | SILVACO GROUP INC | COM | 82728C102 | 12,498,994 | 4.29 | 906381.0 |
| RERE | UNCHANGED | ATRENEW INC | SPONSORED ADS | 00138L108 | 12,241,263 | 4.2 | 3163117.0 |
| BILL | UNCHANGED | BILL HOLDINGS INC | COM | 090043100 | 8,057,171 | 2.77 | 222820.0 |
| JD | ADDED | JD.COM INC | SPON ADS CL A | 47215P106 | 7,644,000 | 2.62 | 3000.0 |
| - | NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 647581206 | 7,510,876 | 2.58 | 1636.0 | |
| - | VIRIDIAN THERAPEUTICS INC | COM | 92790C104 | 7,356,524 | 2.53 | 400464.0 | |
| KYMR | REDUCED | KYMERA THERAPEUTICS INC | COM | 501575104 | 7,274,665 | 2.5 | 63440.0 |
| - | TAL ED GROUP | SPONSORED ADS | 874080104 | 7,265,927 | 2.49 | 759240.0 | |
| JD | ADDED | JD.COM INC | SPON ADS CL A | 47215P106 | 6,370,000 | 2.19 | 2500.0 |
| JD | ADDED | JD.COM INC | SPON ADS CL A | 47215P106 | 6,370,000 | 2.19 | 2500.0 |
| JOYY | UNCHANGED | JOYY INC | ADS REPSTG COM A | 46591M109 | 5,647,622 | 1.94 | 85583.0 |
| BILI | ADDED | BILIBILI INC | SPONS ADS REP Z | 090040106 | 5,340,608 | 1.83 | 3136.0 |
| BILI | ADDED | BILIBILI INC | SPONS ADS REP Z | 090040106 | 5,269,082 | 1.81 | 3094.0 |
| PSIX | NEW | POWER SOLUTIONS INTL INC | COM NEW | 73933G202 | 5,191,815 | 1.78 | 133500.0 |
| PONY | UNCHANGED | PONY AI INC | SPONSORED ADS | 732908108 | 4,539,844 | 1.56 | 653215.0 |
| BIOA | NEW | BIOAGE LABS INC | COM | 09077V100 | 4,179,739 | 1.43 | 170532.0 |
| YMM | UNCHANGED | FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 | 4,167,574 | 1.43 | 513248.0 |
| TCOM | UNCHANGED | TRIP COM GROUP LTD | ADS | 89677Q107 | 3,510,382 | 1.21 | 88112.0 |
| - | YATSEN HLDG LTD | SPONSORED ADS | 985194208 | 2,999,432 | 1.03 | 946193.0 | |
| API | UNCHANGED | AGORA INC | ADS | 00851L103 | 2,895,922 | 0.99 | 725795.0 |
| DBVT | UNCHANGED | DBV TECHNOLOGIES S A | SPONSORED ADS | 23306J309 | 2,790,329 | 0.96 | 170142.0 |
| ZEPP | ADDED | ZEPP HEALTH CORPORATION | SPONSORED ADR | 98945L204 | 1,148,810 | 0.39 | 220501.0 |
| JD | ADDED | JD.COM INC | SPON ADS CL A | 47215P106 | 1,128,764 | 0.39 | 443.0 |
| BEAM | UNCHANGED | BEAM THERAPEUTICS INC | COM | 07373V105 | 725,044 | 0.25 | 21126.0 |
| PASG | UNCHANGED | PASSAGE BIO INC | COM NEW | 702712209 | 420,153 | 0.14 | 86097.0 |
| TOUR | REDUCED | TUNIU CORP | SPONSORED ADS | 89977P205 | 151,870 | 0.05 | 31443.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 291,299,248 | 32 | 8.109122 | 0.090412 | 15.676547 |
| 2026-03-31 | 2026-05-15 | 230,699,792 | 24 | 6.966591 | 0.094496 | 13.884527 |
| 2025-12-31 | 2026-02-17 | 494,315,465 | 24 | 22.594762 | 0.196501 | 37.047278 |
| 2025-09-30 | 2025-11-14 | 678,108,827 | 27 | 20.038207 | 0.17722 | 33.798925 |
| 2025-03-31 | 2025-05-16 | 1,075,730,899 | 25 | 16.761479 | 0.101895 | 24.232958 |
| 2024-12-31 | 2025-02-11 | 2,597,352,062 | 23 | 18.869401 | 0.119855 | 27.679564 |