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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 $230.70 million in total holdings as of June 30, 2025.
  • Yiheng Capital Management, L.P. owns shares of 24 different stocks, but just 10 companies or ETFs make up 80% of its holdings.
  • Approximately 17.81% of the portfolio was purchased this quarter.
  • About 129.80% of the portfolio was sold this quarter.
  • This quarter, Yiheng Capital Management, L.P. has purchased 24 new stocks and bought additional shares in 6 stocks.
  • Yiheng Capital Management, L.P. sold shares of 4 stocks and completely divested from 6 stocks this quarter.

Largest Holdings

Noah
$66,501,775
JD.com
$17,372,759
Bilibili
$16,692,482
H World Group
$16,262,328

Largest New Holdings this Quarter

433313103 - HINGE HEALTH INC
$11,446,652 Holding
090043100 - BILL
$8,534,006 Holding
46591M109 - JOYY
$4,997,191 Holding
89677Q107 - Trip.com Group
$4,387,096 Holding
98945L204 - ZEPP HEALTH CORPORATION
$689,885 Holding

Largest Purchases this Quarter

HINGE HEALTH INC
296,853 shares (about $11.45M)
BILL
222,820 shares (about $8.53M)
TAL Education Group
450,000 shares (about $5.12M)
JOYY
85,583 shares (about $5.00M)
Trip.com Group
88,112 shares (about $4.39M)

Largest Sales this Quarter

DBV TECHNOLOGIES S A
469,627 shares (about $9.81M)
Bilibili
408,983 shares (about $9.23M)
H World Group
75,000 shares (about $3.77M)
JD.com
99,900 shares (about $2.95M)

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
Noah Holdings Ltd. stock logo
NOAH
Noah
$66,501,7750.0%6,717,35128.8%Finance
New Oriental Education & Technology Group, Inc. stock logo
EDU
New Oriental Education & Technology Group
$21,324,083$2,034,263 â–²10.5%376,5519.2%Consumer Discretionary
JD.com, Inc. stock logo
JD
JD.com
$17,372,759$2,954,043 â–¼-14.5%587,5137.5%Retail/Wholesale
Bilibili Inc. Sponsored ADR stock logo
BILI
Bilibili
$16,692,482$9,226,656 â–¼-35.6%739,9157.2%Consumer Discretionary
H World Group Limited Sponsored ADR stock logo
HTHT
H World Group
$16,262,328$3,771,750 â–¼-18.8%323,3717.0%Consumer Discretionary
ATRenew Inc. Sponsored ADR stock logo
RERE
ATRenew
$14,835,0190.0%3,163,1176.4%Business Services
HINGE HEALTH INC
$11,446,652$11,446,652 â–²New Holding296,8535.0%CL A
TAL Education Group stock logo
TAL
TAL Education Group
$8,632,559$5,116,500 â–²145.5%759,2403.7%Consumer Discretionary
BILL Holdings, Inc. stock logo
BILL
BILL
$8,534,006$8,534,006 â–²New Holding222,8203.7%Computer and Technology
SILVACO GROUP INC
$7,761,6770.0%1,096,2823.4%COM
PONY AI INC
$6,166,3500.0%653,2152.7%SPONSORED ADS
Kymera Therapeutics, Inc. stock logo
KYMR
Kymera Therapeutics
$6,116,8180.0%73,4402.7%Medical
JOYY Inc. stock logo
YY
JOYY
$4,997,191$4,997,191 â–²New Holding85,5832.2%Computer and Technology
Trip.com Group Limited Sponsored ADR stock logo
TCOM
Trip.com Group
$4,387,096$4,387,096 â–²New Holding88,1121.9%Consumer Discretionary
Full Truck Alliance Co. Ltd. Sponsored ADR stock logo
YMM
Full Truck Alliance
$4,259,958$847,471 â–²24.8%513,2481.8%Business Services
Viridian Therapeutics, Inc. stock logo
VRDN
Viridian Therapeutics
$4,082,8570.0%208,7351.8%Medical
DBV TECHNOLOGIES S A
$3,554,266$9,810,507 â–¼-73.4%170,1421.5%SPONSORED ADS
Agora, Inc. Sponsored ADR stock logo
API
Agora
$2,569,314$680,558 â–²36.0%725,7951.1%Business Services
YATSEN HLDG LTD
$2,457,427$1,322,918 â–²116.6%797,8661.1%SPONSORED ADS
ZEPP HEALTH CORPORATION
$689,885$689,885 â–²New Holding57,7310.3%SPONSORED ADR
PASSAGE BIO INC
$675,861$406,598 â–²151.0%86,0970.3%COM NEW
Cellebrite DI Ltd. stock logo
CLBT
Cellebrite DI
$633,880$633,880 â–²New Holding46,0000.3%Computer and Technology
Beam Therapeutics Inc. stock logo
BEAM
Beam Therapeutics
$503,4330.0%21,1260.2%Medical
Tuniu Corporation stock logo
TOUR
Tuniu
$242,1160.0%314,4370.1%Computer and Technology
ASTERA LABS INC
$0$237,478,900 â–¼-100.0%00.0%COM
Viasat Inc. stock logo
VSAT
Viasat
$0$15,699,976 â–¼-100.0%00.0%Computer and Technology
UL SOLUTIONS INC
$0$11,829,000 â–¼-100.0%00.0%CLASS A COM SHS
ACM Research, Inc. stock logo
ACMR
ACM Research
$0$6,881,934 â–¼-100.0%00.0%Computer and Technology
Inventiva S.A. Sponsored ADR stock logo
IVA
Inventiva
$0$1,190,005 â–¼-100.0%00.0%Medical
GENERATION BIO CO
$0$599,376 â–¼-100.0%00.0%COM NEW

Showing largest 100 holdings. View all holdings.
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