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HH
HSG Holding Portfolio holdings
AUM
$1.62B
1-Year Est. Return
5.91%
This Fund
S&P 500
This Quarter
Est. Return
-11.86%
1 Year Est. Return
-5.91%
3 Year Est. Return
+10.58%
5 Year Est. Return
-52.45%
10 Year Est. Return
+717.11%
AUM
$1.89B
AUM Growth
-$28.9M
(-1.5%)
Cap. Flow
+$81.1M
Cap. Flow
% of AUM
4.29%
Top 10 Holdings %
Top 10 Hldgs %
97.11%
Holding
21
New
2
Increased
–
Reduced
3
Closed
2
Top Buys
| 1 |
CRCL
Circle Internet Group
CRCL
|
+$32.3M |
Top Sells
| 1 |
BULL
Webull Corp
BULL
|
+$25.1M |
| 2 |
PONY
Pony AI Inc
PONY
|
+$20.7M |
| 3 |
COE
51Talk Online Education Group
COE
|
+$8.01M |
| 4 |
NOAH
Noah Holdings
NOAH
|
+$4.5M |
| 5 |
DDL
Dingdong
DDL
|
+$2.09M |
Sector Composition
| 1 | Consumer Discretionary | 64.34% |
| 2 | Financials | 7.54% |
| 3 | Communication Services | 7.44% |
| 4 | Healthcare | 4.8% |
| 5 | Real Estate | 4.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Pinduoduo
PDD
$120B
| $1.2B | 63.61% |
11,348,426
| – | – |
|
2
Kanzhun
BZ
$6.66B
| $141M | 7.44% |
1,900,000
| – | – |
|
3
Futu Holdings
FUTU
$13.3B
| $120M | 6.34% |
740,352
| – | – |
|
4
KE Holdings
BEKE
$19.3B
| $90.6M | 4.79% |
1,939,017
| – | – |
|
|
BULL
5
Webull Corp
BULL
$3.85B
| $55.2M | 2.92% |
7,053,639
-2,500,000
| -26% | -$25.1M |
|
|
BRNS
6
Barinthus Biotherapeutics
BRNS
$22.7M
| $42.2M | 2.23% |
1,420,473
| – | – |
|
|
DDL
7
Dingdong
DDL
$496M
| $28.7M | 1.52% |
10,091,839
-1,049,327
| -9% | -$2.09M |
|
8
Structure Therapeutics
GPCR
$3.45B
| $24.4M | 1.29% |
266,062
| – | – |
|
|
CRCL
9
Circle Internet Group
CRCL
$15B
| $22.7M | 1.2% |
+312,200
| New | +$32.3M |
|
10
ArriVent BioPharma
AVBP
$1.55B
| $16.7M | 0.88% |
663,308
| – | – |
|
|
COE
11
51Talk Online Education Group
COE
$96M
| $12.2M | 0.64% |
474,901
-192,322
| -29% | -$8.01M |
|
12
Lotus Technology
LOT
$661M
| $7.3M | 0.39% |
4,834,099
| – | – |
|
13
TH International
THCH
$57M
| $6.44M | 0.34% |
2,900,606
| – | – |
|
14
Bitdeer Technologies
BTDR
$2.61B
| $4.12M | 0.22% |
293,732
| – | – |
|
15
Lyell Immunopharma
LYEL
$326M
| $3.94M | 0.21% |
152,299
| – | – |
|
|
ADAG
16
Adagene
ADAG
$237M
| $2.73M | 0.14% |
1,343,364
| – | – |
|
|
BNR
17
Burning Rock Biotech
BNR
$105M
| $871K | 0.05% |
21,212
| – | – |
|
|
SLAI
18
SOLAI Ltd ADS
SLAI
$16.7M
| $343K | 0.02% |
50,061
| – | – |
|
|
NOAH
19
Noah Holdings
NOAH
$610M
| – | – |
-396,815
| Closed | -$4.5M |
|
|
PONY
20
Pony AI Inc
PONY
$2.89B
| – | – |
-1,076,905
| Closed | -$20.7M |
|
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HSG Holding's Q4 2025 Portfolio in Review
As of Q4 2025, HSG Holding held 21 positions worth $1.89B, down 1.5% from $1.92B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
HSG Holding deployed $81.1M of net new capital in Q4 2025, opening 2 new positions. Its largest new stake was Circle Internet Group: 312,200 shares worth $22.7M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 64% of assets, down from 78% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Webull Corp, an estimated $25.1M trimmed.
- HSG Holding's largest Q4 2025 buy was Circle Internet Group: 312,200 shares worth $22.7M.
- HSG Holding's biggest Q4 2025 reduction was Webull Corp, cutting an estimated $25.1M.
- HSG Holding fully exited Pony AI Inc in Q4 2025, selling an estimated $20.7M.
- HSG Holding's ten largest holdings make up 97% of its $1.89B portfolio in Q4 2025.
- HSG Holding opened 2 new positions and closed 2 in Q4 2025.
- HSG Holding's portfolio value fell 1.5% quarter-over-quarter to $1.89B.
Based on HSG Holding's 13F filing for Q4 2025, filed 13 Feb 2026.