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YCM

Yiheng Capital Management Portfolio holdings

AUM $291M
1-Year Est. Return 19.43%
This Fund
S&P 500
This Quarter Est. Return
+23.32%
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
$239M
AUM Growth
-$30.8M
Cap. Flow
+$17.4M
Cap. Flow %
7.29%
Top 10 Hldgs %
92.13%
Holding
14
New
1
Increased
5
Reduced
2
Closed
1

Top Buys

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$15.1M
2
JOYY
JOYY Inc
JOYY
+$4.63M
3
NOAH
Noah Holdings
NOAH
+$1.29M
4
HIMX
Himax Technologies
HIMX
+$677K
5
HIVE
Aerohive Networks
HIVE
+$162K

Top Sells

Rank Stock Value
1
HTHT icon
Huazhu Hotels Group
HTHT
+$2.99M
2
INVN
Invensense Inc
INVN
+$1.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 29.78%
2 Consumer Staples 17.38%
3 Financials 13.9%
4 Technology 13.86%
5 Communication Services 10.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TAL icon
1
TAL Education Group
TAL
$6.62B
$41.5M 17.38%
2,338,590
– –
NOAH
2
Noah Holdings
NOAH
$589M
$33.2M 13.9%
1,308,953
+51,529
+4% +$1.29M
JD icon
3
JD.com
JD
$38.8B
$31.9M 13.36%
1,026,704
– –
HTHT icon
4
Huazhu Hotels Group
HTHT
$14.7B
$30.8M 12.9%
1,987,164
-213,408
-10% -$2.99M
EHIC
5
DELISTED
eHi Car Services Limited
EHIC
$22.3M 9.34%
2,209,027
+4,600
+0.2% +$46.6K
BIDU icon
6
Baidu
BIDU
$32.9B
$14.8M 6.2%
+85,907
New +$15.1M
SIMO icon
7
Silicon Motion
SIMO
$8.33B
$14.2M 5.94%
303,786
– –
JD icon
8
CALL
JD.com
JD
$38.8B
$12.7M 5.32%
408,800
-3,459,400
-89% -$102M
JOYY
9
JOYY Inc
JOYY
$3.65B
$10.1M 4.22%
218,914
+104,278
+91% +$4.63M
HIMX
10
Himax Technologies
HIMX
$2.38B
$8.53M 3.57%
934,928
+100,000
+12% +$677K
TOUR
11
Tuniu
TOUR
$54.1M
$8.4M 3.51%
95,904
– –
SQNS
12
Sequans Communications SA
SQNS
$43.7M
$6.43M 2.69%
23,370
– –
HIVE
13
DELISTED
Aerohive Networks
HIVE
$3.97M 1.66%
943,481
+32,283
+4% +$162K
INVN
14
DELISTED
Invensense Inc
INVN
– –
-117,516
Closed -$1.5M

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Yiheng Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Yiheng Capital Management held 14 positions worth $239M, down 11% from $270M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Yiheng Capital Management deployed $17.4M of net new capital in Q1 2017, opening 1 new position and adding to 5 existing holdings. Its largest new stake was Baidu: 85,907 shares worth $14.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 23% a quarter earlier, followed by Consumer Staples and Financials.

On the sell side, the largest reduction was Huazhu Hotels Group, an estimated $2.99M trimmed.

  • Yiheng Capital Management's largest Q1 2017 buy was Baidu: 85,907 shares worth $14.8M.
  • Yiheng Capital Management added most to JOYY Inc in Q1 2017, an estimated $4.63M increase.
  • Yiheng Capital Management's biggest Q1 2017 reduction was Huazhu Hotels Group, cutting an estimated $2.99M.
  • Yiheng Capital Management fully exited Invensense Inc in Q1 2017, selling an estimated $1.5M.
  • Yiheng Capital Management's ten largest holdings make up 92% of its $239M portfolio in Q1 2017.
  • Yiheng Capital Management opened 1 new position and closed 1 in Q1 2017.
  • Yiheng Capital Management's portfolio value fell 11% quarter-over-quarter to $239M.

Based on Yiheng Capital Management's 13F filing for Q1 2017, filed 15 May 2017.