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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
+1.77%
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
$226M
AUM Growth
+$56.5M
(+33%)
Cap. Flow
+$57.5M
Cap. Flow
% of AUM
25.45%
Top 10 Holdings %
Top 10 Hldgs %
95.71%
Holding
14
New
1
Increased
6
Reduced
4
Closed
1
Top Buys
| 1 |
TOUR
Tuniu
TOUR
|
+$9.24M |
| 2 |
NOAH
Noah Holdings
NOAH
|
+$4.78M |
| 3 |
INVN
Invensense Inc
INVN
|
+$2.03M |
| 4 |
TAL Education Group
TAL
|
+$1.98M |
| 5 |
HIVE
Aerohive Networks
HIVE
|
+$1.35M |
Top Sells
| 1 |
Silicon Motion
SIMO
|
+$2.89M |
| 2 |
XUE
XUEDA EDUCATION GROUP ADS REPTG 2 ORD SHS
XUE
|
+$1.75M |
| 3 |
VSA
VisionSys AI
VSA
|
+$1.56M |
| 4 |
Huazhu Hotels Group
HTHT
|
+$294K |
| 5 |
SYUT
Synutra International, Inc.
SYUT
|
+$201K |
Sector Composition
| 1 | Consumer Discretionary | 24.81% |
| 2 | Technology | 15.33% |
| 3 | Financials | 11.99% |
| 4 | Industrials | 10.18% |
| 5 | Consumer Staples | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
JD.com
JD
$40.1B
| $61.7M | 27.29% |
2,327,600
+1,657,200
| +247% | +$43.5M |
|
|
2
Huazhu Hotels Group
HTHT
$13.1B
| $30.7M | 13.56% |
3,209,424
-40,000
| -1% | -$294K |
|
|
NOAH
3
Noah Holdings
NOAH
$616M
| $27.1M | 11.99% |
1,089,508
+195,630
| +22% | +$4.78M |
|
|
EHIC
4
DELISTED
eHi Car Services Limited
EHIC
| $23M | 10.18% |
1,842,106
| – | – |
|
|
5
TAL Education Group
TAL
$5.67B
| $18.4M | 8.13% |
2,218,590
+247,800
| +13% | +$1.98M |
|
|
6
JD.com
JD
$40.1B
| $17.3M | 7.64% |
651,670
+50,000
| +8% | +$1.31M |
|
|
7
Silicon Motion
SIMO
$9.24B
| $14.9M | 6.58% |
383,486
-89,418
| -19% | -$2.89M |
|
|
INVN
8
DELISTED
Invensense Inc
INVN
| $8.87M | 3.92% |
1,055,404
+255,992
| +32% | +$2.03M |
|
|
TOUR
9
Tuniu
TOUR
$54.4M
| $8.16M | 3.61% |
+78,262
| New | +$9.24M |
|
|
SQNS
10
Sequans Communications SA
SQNS
$44.3M
| $6.36M | 2.81% |
23,370
| – | – |
|
|
HIVE
11
DELISTED
Aerohive Networks
HIVE
| $4.55M | 2.01% |
911,198
+278,106
| +44% | +$1.35M |
|
|
VSA
12
VisionSys AI
VSA
$10.7M
| $3.13M | 1.38% |
116
-64
| -36% | -$1.56M |
|
|
SYUT
13
DELISTED
Synutra International, Inc.
SYUT
| $2.02M | 0.89% |
406,178
-41,216
| -9% | -$201K |
|
|
XUE
14
DELISTED
XUEDA EDUCATION GROUP ADS REPTG 2 ORD SHS
XUE
| – | – |
-323,466
| Closed | -$1.75M |
|
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Yiheng Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Yiheng Capital Management held 14 positions worth $226M, up 33% from $170M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Yiheng Capital Management deployed $57.5M of net new capital in Q1 2016, opening 1 new position and adding to 6 existing holdings. Its largest new stake was Tuniu: 78,262 shares worth $8.16M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 26% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Silicon Motion, an estimated $2.89M trimmed.
- Yiheng Capital Management's largest Q1 2016 buy was Tuniu: 78,262 shares worth $8.16M.
- Yiheng Capital Management added most to Noah Holdings in Q1 2016, an estimated $4.78M increase.
- Yiheng Capital Management's biggest Q1 2016 reduction was Silicon Motion, cutting an estimated $2.89M.
- Yiheng Capital Management fully exited XUEDA EDUCATION GROUP ADS REPTG 2 ORD SHS in Q1 2016, selling an estimated $1.75M.
- Yiheng Capital Management's ten largest holdings make up 96% of its $226M portfolio in Q1 2016.
- Yiheng Capital Management opened 1 new position and closed 1 in Q1 2016.
- Yiheng Capital Management's portfolio value rose 33% quarter-over-quarter to $226M.
Based on Yiheng Capital Management's 13F filing for Q1 2016, filed 13 May 2016.