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Yiheng Capital Management, L.P. Top Holdings and 13F Report (2025)

About Yiheng Capital Management, L.P.

Investment Activity

  • Yiheng Capital Management, L.P. has $1.08 billion in total holdings as of March 31, 2025.
  • Yiheng Capital Management, L.P. owns shares of 22 different stocks, but just 4 companies or ETFs make up 80% of its holdings.
  • Approximately 2.98% of the portfolio was purchased this quarter.
  • About 166.25% of the portfolio was sold this quarter.
  • This quarter, Yiheng Capital Management, L.P. has purchased 21 new stocks and bought additional shares in 4 stocks.
  • Yiheng Capital Management, L.P. sold shares of 9 stocks and completely divested from 2 stocks this quarter.

Largest Holdings

JD.com
$540,967,031
Bilibili
$253,252,733
Noah
$63,501,373
ASTERA LABS INC
$49,902,021
Akero Therapeutics
$44,985,060

Largest New Holdings this Quarter

82728C102 - SILVACO GROUP INC
$4,616,234 Holding
501575104 - Kymera Therapeutics
$3,355,699 Holding
00851L103 - Agora
$774,172 Holding

Largest Purchases this Quarter

Akero Therapeutics
445,146 shares (about $18.02M)
SILVACO GROUP INC
1,012,332 shares (about $4.62M)
New Oriental Education & Technology Group
79,766 shares (about $3.81M)
Kymera Therapeutics
122,605 shares (about $3.36M)
ASTERA LABS INC
18,200 shares (about $1.09M)

Largest Sales this Quarter

JD.com
26,831,171 shares (about $1.10B)
Bilibili
28,972,414 shares (about $553.66M)
TAL Education Group
1,878,378 shares (about $24.81M)
H World Group
660,737 shares (about $24.45M)
Roblox
290,927 shares (about $16.96M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofYiheng Capital Management, L.P.

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
JD.com, Inc. stock logo
JD
JD.com
$540,967,031$1,103,297,752 -67.1%13,155,81350.3%Retail/Wholesale
Bilibili Inc. stock logo
BILI
Bilibili
$253,252,733$553,662,831 -68.6%13,252,36723.5%Consumer Discretionary
Noah Holdings Limited stock logo
NOAH
Noah
$63,501,3730.0%6,719,7225.9%Finance
ASTERA LABS INC
$49,902,021$1,085,994 2.2%836,3004.6%COM
Akero Therapeutics, Inc. stock logo
AKRO
Akero Therapeutics
$44,985,060$18,019,510 66.8%1,111,2914.2%Medical
New Oriental Education & Technology Group Inc. stock logo
EDU
New Oriental Education & Technology Group
$28,594,205$3,813,612 15.4%598,0802.7%Consumer Discretionary
H World Group Limited stock logo
HTHT
H World Group
$23,895,803$24,453,877 -50.6%645,6582.2%Consumer Discretionary
Roblox Co. stock logo
RBLX
Roblox
$16,457,482$16,958,135 -50.7%282,3381.5%Consumer Discretionary
ATRenew Inc. stock logo
RERE
ATRenew
$9,299,5640.0%3,163,1170.9%Business Services
Viridian Therapeutics, Inc. stock logo
VRDN
Viridian Therapeutics
$6,743,518$3,370,000 -33.3%500,2610.6%Medical
ACM Research, Inc. stock logo
ACMR
ACM Research
$6,539,891$9,345,406 -58.8%280,2010.6%Computer and Technology
Denali Therapeutics Inc. stock logo
DNLI
Denali Therapeutics
$6,389,392$3,128,441 -32.9%469,9810.6%Medical
Inventiva S.A. stock logo
IVA
Inventiva
$5,660,1420.0%2,644,9260.5%Medical
SILVACO GROUP INC
$4,616,234$4,616,234 New Holding1,012,3320.4%COM
DBV TECHNOLOGIES S A
$4,476,0270.0%656,3090.4%SPONSORED ADS
TAL Education Group stock logo
TAL
TAL Education Group
$4,085,060$24,813,371 -85.9%309,2400.4%Consumer Discretionary
Kymera Therapeutics, Inc. stock logo
KYMR
Kymera Therapeutics
$3,355,699$3,355,699 New Holding122,6050.3%Medical
Beam Therapeutics Inc. stock logo
BEAM
Beam Therapeutics
$1,348,703$6,973,071 -83.8%69,0580.1%Medical
Agora, Inc. stock logo
API
Agora
$774,172$774,172 New Holding192,5800.1%Business Services
YATSEN HLDG LTD
$463,338$412,794 816.7%96,3280.0%SPONSORED ADS
Tuniu Co. stock logo
TOUR
Tuniu
$345,8810.0%314,4370.0%Computer and Technology
Generation Bio Co. stock logo
GBIO
Generation Bio
$77,5700.0%191,5300.0%Medical
SUPER MICRO COMPUTER INC
$0$27,432,000 -100.0%00.0%COM NEW
Mobileye Global Inc. stock logo
MBLY
Mobileye Global
$0$14,940,000 -100.0%00.0%Auto/Tires/Trucks

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