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YCM

Yiheng Capital Management Portfolio holdings

AUM $231M
1-Year Est. Return 29.07%
This Fund
S&P 500
This Quarter Est. Return
-14.74%
1 Year Est. Return
+29.07%
3 Year Est. Return
+63.69%
5 Year Est. Return
+56.64%
10 Year Est. Return
+851.36%
AUM
$2.03B
AUM Growth
-$453M
Cap. Flow
+$199M
Cap. Flow %
9.79%
Top 10 Hldgs %
69.96%
Holding
31
New
3
Increased
8
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
EDU icon
New Oriental
EDU
+$125M
2
TAL icon
TAL Education Group
TAL
+$76.1M
3
PENG
Penguin Solutions Inc
PENG
+$64.3M
4
VISN
Vistance Networks Inc
VISN
+$35.1M
5
JOYY
JOYY Inc
JOYY
+$34.4M

Top Sells

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$71.2M
2
SABR icon
Sabre
SABR
+$40.2M
3
SIMO icon
Silicon Motion
SIMO
+$14.9M
4
JD icon
JD.com
JD
+$14.2M
5
MOMO
Hello Group
MOMO
+$12.3M

Sector Composition

Rank Sector Weight
1 Technology 24.17%
2 Communication Services 18.96%
3 Consumer Discretionary 18.39%
4 Financials 12.15%
5 Healthcare 11.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MOMO
26
Hello Group
MOMO
$870M
$4.31M 0.21%
407,387
-978,159
-71% -$12.3M
MYND
27
Mynd.ai
MYND
$17.4M
$3.92M 0.19%
137,455
– –
AIU
28
DELISTED
Meta Data Limited American Depositary Shares, each representing ten (10) Class A Ordinary Shares
AIU
$3.63M 0.18%
59,198
– –
SQNS
29
Sequans Communications SA
SQNS
$42.1M
$2.56M 0.13%
23,370
– –
JT
30
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
$366K 0.02%
+248,919
New +$461K
NFH
31
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
– –
-553,537
Closed -$6.18M
1
2

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CBOA
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WF
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PBC
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Yiheng Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Yiheng Capital Management held 31 positions worth $2.03B, down 18% from $2.48B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Yiheng Capital Management deployed $199M of net new capital in Q3 2021, opening 3 new positions and adding to 8 existing holdings. Its largest new stake was New Oriental: 3,942,373 shares worth $80.8M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was TransDigm Group, an estimated $71.2M trimmed.

  • Yiheng Capital Management's largest Q3 2021 buy was New Oriental: 3,942,373 shares worth $80.8M.
  • Yiheng Capital Management added most to TAL Education Group in Q3 2021, an estimated $76.1M increase.
  • Yiheng Capital Management's biggest Q3 2021 reduction was TransDigm Group, cutting an estimated $71.2M.
  • Yiheng Capital Management fully exited New Frontier Health Corporation Ordinary Shares in Q3 2021, selling an estimated $6.18M.
  • Yiheng Capital Management's ten largest holdings make up 70% of its $2.03B portfolio in Q3 2021.
  • Yiheng Capital Management opened 3 new positions and closed 1 in Q3 2021.
  • Yiheng Capital Management's portfolio value fell 18% quarter-over-quarter to $2.03B.

Based on Yiheng Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.