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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
-5.52%
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
$1.85B
AUM Growth
-$679M
Cap. Flow
-$273M
Cap. Flow %
-14.77%
Top 10 Hldgs %
81.53%
Holding
35
New
–
Increased
8
Reduced
5
Closed
4

Top Buys

Rank Stock Value
1
JD icon
JD.com
JD
+$62M
2
INDI icon
indie Semiconductor
INDI
+$12.4M
3
SABR icon
Sabre
SABR
+$5.07M
4
DNLI icon
Denali Therapeutics
DNLI
+$3.82M
5
AKRO
Akero Therapeutics
AKRO
+$3.47M

Top Sells

Rank Stock Value
1
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$52.2M
2
TDG icon
TransDigm Group
TDG
+$28.5M
3
PENG
Penguin Solutions Inc
PENG
+$17.4M
4
HIMX
Himax Technologies
HIMX
+$9.64M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 12.89%
2 Communication Services 11.62%
3 Healthcare 9.51%
4 Consumer Staples 8.26%
5 Technology 7.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZH
26
Zhihu
ZH
$282M
$4.09M 0.22%
603,059
– –
PENG
27
CALL
Penguin Solutions Inc
PENG
$2.86B
$2.3M 0.12%
79,300
– –
SQNS
28
Sequans Communications SA
SQNS
$41.3M
$1.3M 0.07%
23,370
– –
MYND
29
Mynd.ai
MYND
$19.2M
$1.02M 0.06%
136,100
– –
RERE
30
ATRenew
RERE
$966M
$477K 0.03%
163,476
– –
JT
31
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
$28.3K ﹤0.01%
25,702
– –
AKRO
32
CALL
DELISTED
Akero Therapeutics
AKRO
– –
-163,800
Closed -$6.27M
EDU icon
33
CALL
New Oriental
EDU
$9.06B
– –
-1,210,200
Closed -$46.7M
HIMX
34
Himax Technologies
HIMX
$2.33B
– –
-1,185,814
Closed -$9.64M
ISEE
35
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-2,143,497
Closed -$52.2M
1
2

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Yiheng Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Yiheng Capital Management held 35 positions worth $1.85B, down 27% from $2.53B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Yiheng Capital Management withdrew a net $273M in Q2 2023, closing 4 positions and reducing 5 holdings. Its most notable exit was IVERIC bio, Inc. Common Stock, an estimated $52.2M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 13% of assets, up from 9% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Yiheng Capital Management added an estimated $62M to JD.com.

  • Yiheng Capital Management added most to JD.com in Q2 2023, an estimated $62M increase.
  • Yiheng Capital Management's biggest Q2 2023 reduction was TransDigm Group, cutting an estimated $28.5M.
  • Yiheng Capital Management fully exited IVERIC bio, Inc. Common Stock in Q2 2023, selling an estimated $52.2M.
  • Yiheng Capital Management's ten largest holdings make up 82% of its $1.85B portfolio in Q2 2023.
  • Yiheng Capital Management opened 0 new positions and closed 4 in Q2 2023.
  • Yiheng Capital Management's portfolio value fell 27% quarter-over-quarter to $1.85B.

Based on Yiheng Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.