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YCM
Yiheng Capital Management Portfolio holdings
AUM
$291M
Turnover
20.69%
1-Year Est. Return
19.43%
This Fund
S&P 500
This Quarter
Est. Return
-4.96%
1 Year Est. Return
+19.43%
3 Year Est. Return
+81.96%
5 Year Est. Return
+61.91%
10 Year Est. Return
+930.57%
AUM
$270M
AUM Growth
-$13.5M
(-4.8%)
Cap. Flow
-$864K
Cap. Flow
% of AUM
-0.32%
Top 10 Holdings %
Top 10 Hldgs %
96.15%
Holding
13
New
–
Increased
5
Reduced
2
Closed
–
Avg Time Held Equity + Options
0.9
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
0.9
years
Avg Time Held Equity only
0.9
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Noah Holdings
NOAH
|
+$4.04M |
| 2 |
JD.com
JD
|
+$2.61M |
| 3 |
Silicon Motion
SIMO
|
+$2.05M |
| 4 |
EHIC
eHi Car Services Limited
EHIC
|
+$1.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invensense Inc
INVN
|
+$8.01M |
| 2 |
Huazhu Hotels Group
HTHT
|
+$2.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 36.47% |
| 2 | Consumer Discretionary | 23.36% |
| 3 | Technology | 10.75% |
| 4 | Financials | 10.22% |
| 5 | Consumer Staples | 10.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
JD.com
JD
$36.5B
| $98.4M | 36.47% |
3,868,200
+19,300
| +0.5% | +$503K |
2015 Q4
4 quarters
|
|
|
2
Huazhu Hotels Group
HTHT
$14.7B
| $28.5M | 10.57% |
2,200,572
-230,164
| -9% | -$2.71M |
2015 Q4
4 quarters
|
|
|
3
Noah Holdings
NOAH
$502M
| $27.6M | 10.22% |
1,257,424
+167,916
| +15% | +$4.04M |
2015 Q4
4 quarters
|
|
4
TAL Education Group
TAL
$6.74B
| $27.3M | 10.13% |
2,338,590
| – | – |
2015 Q4
4 quarters
|
|
|
5
JD.com
JD
$36.5B
| $26.1M | 9.68% |
1,026,704
+100,000
| +11% | +$2.61M |
2015 Q4
4 quarters
|
|
|
EHIC
6
DELISTED
eHi Car Services Limited
EHIC
| $20M | 7.4% |
2,204,427
+115,620
| +6% | +$1.17M |
2015 Q4
4 quarters
|
|
|
7
Silicon Motion
SIMO
$7.26B
| $12.9M | 4.78% |
303,786
+45,000
| +17% | +$2.05M |
2015 Q4
4 quarters
|
|
8
Tuniu
TOUR
$53.2M
| $8.39M | 3.11% |
95,904
| – | – |
2016 Q1
3 quarters
|
|
9
DELISTED
Aerohive Networks
HIVE
| $5.19M | 1.92% |
911,198
| – | – |
2015 Q4
4 quarters
|
|
10
Himax Technologies
HIMX
$2.08B
| $5.04M | 1.87% |
834,928
| – | – |
2016 Q3
1 quarter
|
|
11
JOYY Inc
JOYY
$4.06B
| $4.52M | 1.67% |
114,636
| – | – |
2016 Q2
2 quarters
|
|
12
Sequans Communications SA
SQNS
$38.3M
| $4.37M | 1.62% |
23,370
| – | – |
2015 Q4
4 quarters
|
|
|
13
DELISTED
Invensense Inc
INVN
| $1.5M | 0.56% |
117,516
-937,888
| -89% | -$8.01M |
2015 Q4
4 quarters
|
|
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Yiheng Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Yiheng Capital Management held 13 positions worth $270M, down 4.8% from $283M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Trading was light in Q4 2016: portfolio turnover was 0%. Yiheng Capital Management opened no new positions and made no exits, leaving the 13-position portfolio largely intact.
By sector, the portfolio is most concentrated in Miscellaneous at 36% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Technology.
- Yiheng Capital Management added most to Noah Holdings in Q4 2016, an estimated $4.04M increase.
- Yiheng Capital Management's biggest Q4 2016 reduction was Invensense Inc, cutting an estimated $8.01M.
- Yiheng Capital Management's ten largest holdings make up 96% of its $270M portfolio in Q4 2016.
- Yiheng Capital Management opened 0 new positions and closed 0 in Q4 2016.
- Yiheng Capital Management's portfolio value fell 4.8% quarter-over-quarter to $270M.
Based on Yiheng Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.