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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
+0.99%
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
$1.96B
AUM Growth
+$112M
(+6%)
Cap. Flow
+$256M
Cap. Flow
% of AUM
13.03%
Top 10 Holdings %
Top 10 Hldgs %
79.14%
Holding
37
New
6
Increased
8
Reduced
5
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$45.3M |
| 2 |
indie Semiconductor
INDI
|
+$9.17M |
| 3 |
Bilibili
BILI
|
+$8.2M |
| 4 |
Beam Therapeutics
BEAM
|
+$2.59M |
| 5 |
AKRO
Akero Therapeutics
AKRO
|
+$935K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
New Oriental
EDU
|
+$72.2M |
| 2 |
TAL Education Group
TAL
|
+$6.08M |
| 3 |
TransDigm Group
TDG
|
+$3.69M |
| 4 |
SQNS
Sequans Communications SA
SQNS
|
+$1.3M |
| 5 |
MYND
Mynd.ai
MYND
|
+$422K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 13.17% |
| 2 | Communication Services | 9.97% |
| 3 | Healthcare | 7.81% |
| 4 | Technology | 7.5% |
| 5 | Consumer Staples | 7.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
ACM Research
ACMR
$5.79B
| $9.28M | 0.47% |
512,700
| – | – |
|
|
GBIO
27
DELISTED
Generation Bio
GBIO
| $6.31M | 0.32% |
166,618
+6,441
| +4% | +$305K |
|
|
ZH
28
Zhihu
ZH
$279M
| $3.76M | 0.19% |
603,059
| – | – |
|
|
NIU
29
Niu Technologies
NIU
$193M
| $3.29M | 0.17% |
1,162,675
| – | – |
|
|
VISN
30
Vistance Networks Inc
VISN
$2.52B
| $2.46M | 0.13% |
730,877
| – | – |
|
|
PENG
31
CALL
Penguin Solutions Inc
PENG
$2.99B
| $1.93M | 0.1% |
79,300
| – | – |
|
|
MYND
32
Mynd.ai
MYND
$19.3M
| $762K | 0.04% |
76,606
-59,494
| -44% | -$422K |
|
|
RERE
33
ATRenew
RERE
$1.01B
| $373K | 0.02% |
163,476
| – | – |
|
|
DBVT
34
DBV Technologies
DBVT
$847M
| $181K | 0.01% |
+13,319
| New | +$209K |
|
|
JT
35
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
| $25.4K | ﹤0.01% |
25,702
| – | – |
|
|
36
CALL
ACM Research
ACMR
$5.79B
| – | – |
-831,800
| Closed | -$10.9M |
|
|
SQNS
37
Sequans Communications SA
SQNS
$41.3M
| – | – |
-23,370
| Closed | -$1.3M |
|
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Yiheng Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Yiheng Capital Management held 37 positions worth $1.96B, up 6% from $1.85B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Yiheng Capital Management deployed $256M of net new capital in Q3 2023, opening 6 new positions and adding to 8 existing holdings. Its largest new stake was DBV Technologies: 13,319 shares worth $181K.
By sector, the portfolio is most concentrated in Consumer Discretionary at 13% of assets, up from 13% a quarter earlier, followed by Communication Services and Healthcare.
On the sell side, the largest reduction was New Oriental, an estimated $72.2M trimmed.
- Yiheng Capital Management's largest Q3 2023 buy was DBV Technologies: 13,319 shares worth $181K.
- Yiheng Capital Management added most to JD.com in Q3 2023, an estimated $45.3M increase.
- Yiheng Capital Management's biggest Q3 2023 reduction was New Oriental, cutting an estimated $72.2M.
- Yiheng Capital Management fully exited Sequans Communications SA in Q3 2023, selling an estimated $1.3M.
- Yiheng Capital Management's ten largest holdings make up 79% of its $1.96B portfolio in Q3 2023.
- Yiheng Capital Management opened 6 new positions and closed 2 in Q3 2023.
- Yiheng Capital Management's portfolio value rose 6% quarter-over-quarter to $1.96B.
Based on Yiheng Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.