General Atlantic’s Adagene ADAG Stock Holding History

General Atlantic’s Portfolio ADAG Stock Details ADAG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-3,782,339	Closed	-$7.53M	–	14
2025 Q3	$7.53M	Sell	3,782,339 -43,613	-1%	-$89.2K	0.23%	14
2025 Q2	$7.46M	Hold	3,825,952	–	–	0.21%	13
2025 Q1	$5.82M	Hold	3,825,952	–	–	0.2%	13
2024 Q4	$7.61M	Buy	3,825,952 +3,561,952	+1,349%	+$8.45M	0.27%	14
2024 Q3	$586K	Hold	264,000	–	–	0.02%	18
2024 Q2	$808K	Hold	264,000	–	–	0.03%	19
2024 Q1	$739K	Hold	264,000	–	–	0.02%	22
2023 Q4	$510K	Hold	264,000	–	–	0.01%	26
2023 Q3	$404K	Hold	264,000	–	–	0.01%	29
2023 Q2	$391K	Hold	264,000	–	–	0.01%	30
2023 Q1	$383K	Hold	264,000	–	–	﹤0.01%	31
2022 Q4	$350K	Hold	264,000	–	–	﹤0.01%	33
2022 Q3	$338K	Hold	264,000	–	–	﹤0.01%	39
2022 Q2	$545K	Hold	264,000	–	–	0.01%	38
2022 Q1	$924K	Hold	264,000	–	–	0.01%	34
2021 Q4	$2.13M	Hold	264,000	–	–	0.02%	31
2021 Q3	$3.79M	Hold	264,000	–	–	0.02%	23
2021 Q2	$3.58M	Hold	264,000	–	–	0.03%	17
2021 Q1	$4.74M	Buy	+264,000	New	+$6.01M	0.06%	12

Other funds holding ADAG

HSG Holding Na, Hong Kong $1.62B AUM 5.91% 1-Year Est. Return

EAM

Exome Asset Management New York $193M AUM 208.51% 1-Year Est. Return

MCCA

Mill Creek Capital Advisors Conshohocken, Pennsylvania $4.87B AUM 17.69% 1-Year Est. Return

FLC

Fifth Lane Capital Austin, Texas $1.63M AUM 7.5% 1-Year Est. Return

KSCM

Kamunting Street Capital Management Miami Beach, Florida $183M AUM 2.19% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

SmartHarvest Portfolios Poulsbo, Washington $309M AUM

Nomura Holdings Tokyo, Japan $37.7B AUM 34.44% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

General Atlantic's ADAG Position: Q4 2025 in Review

General Atlantic sold out of Adagene (ADAG) in Q4 2025, closing a stake of 3,782,339 shares — an estimated $7.53M sold.

General Atlantic first reported a position in ADAG in Q1 2021 and held it in 19 quarters. The position peaked at $7.61M in Q4 2024. 17 funds tracked by Wall St. Rank hold ADAG as of Q4 2025.

General Atlantic reported no remaining Adagene position as of Q4 2025 after selling out during the quarter.
General Atlantic sold 3,782,339 Adagene shares in Q4 2025, an estimated $7.53M.
General Atlantic first reported a position in Adagene in Q1 2021 and held it in 19 quarters.
General Atlantic's Adagene position peaked at $7.61M in Q4 2024.
17 funds tracked by Wall St. Rank held Adagene as of Q4 2025.

Based on General Atlantic's 13F filing for Q4 2025, filed 17 Feb 2026.