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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
+14.52%
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
$286M
AUM Growth
+$47.1M
Cap. Flow
+$29.4M
Cap. Flow %
10.28%
Top 10 Hldgs %
92.63%
Holding
15
New
2
Increased
6
Reduced
–
Closed
2
Avg Time Held Equity + Options
1.1 years
Top 10 Avg Time Held Equity + Options
0.9 years
Top 20 Avg Time Held Equity + Options
1.1 years
Avg Time Held Equity only
1.1 years
Top 10 Avg Time Held Equity only
1.1 years
Top 20 Avg Time Held Equity only
1.1 years

Top Buys

Rank Stock Value
1
MOMO icon
Hello Group
MOMO
+$10.2M
2
NOAH icon
Noah Holdings
NOAH
+$8.69M
3
BIDU icon
Baidu
BIDU
+$7.46M
4
CYOU
Changyou.com Limited American Depositary Share
CYOU
+$6.64M
5
EHIC
eHi Car Services Limited
EHIC
+$3.3M

Top Sells

Rank Stock Value
1
JOYY icon
JOYY Inc
JOYY
+$10.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.51%
2 Consumer Staples 16.66%
3 Financials 16.39%
4 Communication Services 14%
5 Technology 12.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TAL icon
1
TAL Education Group
TAL
$6.96B
$47.7M 16.66%
2,338,590
– –
2015 Q4
6 quarters
NOAH icon
2
Noah Holdings
NOAH
$505M
$46.9M 16.39%
1,636,402
+327,449
+25% +$8.69M
2015 Q4
6 quarters
JD icon
3
JD.com
JD
$37B
$40.6M 14.2%
1,035,504
+8,800
+0.9% +$332K
2015 Q4
6 quarters
HTHT icon
4
Huazhu Hotels Group
HTHT
$14.5B
$40.1M 14.01%
1,987,164
– –
2015 Q4
6 quarters
EHIC
5
DELISTED
eHi Car Services Limited
EHIC
$25.3M 8.85%
2,538,097
+329,070
+15% +$3.3M
2015 Q4
6 quarters
BIDU icon
6
Baidu
BIDU
$28.1B
$22.7M 7.95%
127,078
+41,171
+48% +$7.46M
2017 Q1
1 quarter
SIMO icon
7
Silicon Motion
SIMO
$7.41B
$14.7M 5.12%
303,786
– –
2015 Q4
6 quarters
MOMO icon
8
Hello Group
MOMO
$685M
$9.82M 3.43%
+265,777
New +$10.2M
2017 Q2
0 quarters
TOUR icon
9
Tuniu
TOUR
$53.9M
$9.46M 3.31%
117,837
+21,933
+23% +$1.8M
2016 Q1
5 quarters
SQNS icon
10
Sequans Communications SA
SQNS
$38M
$7.74M 2.7%
23,370
– –
2015 Q4
6 quarters
HIMX icon
11
Himax Technologies
HIMX
$2.11B
$7.67M 2.68%
934,928
– –
2016 Q3
3 quarters
CYOU
12
DELISTED
Changyou.com Limited American Depositary Share
CYOU
$7.49M 2.62%
+193,277
New +$6.64M
2017 Q2
0 quarters
HIVE icon
13
DELISTED
Aerohive Networks
HIVE
$5.94M 2.08%
1,187,269
+243,788
+26% +$1.09M
2015 Q4
6 quarters
JD icon
14
CALL
JD.com
JD
$37B
– –
-408,800
Closed -$12.7M –
JOYY icon
15
JOYY Inc
JOYY
$4.07B
– –
-218,914
Closed -$10.1M –

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SA
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FDDB
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NTIC
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HMP
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IAM
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BCM
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MPPHD
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Yiheng Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Yiheng Capital Management held 15 positions worth $286M, up 20% from $239M the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Yiheng Capital Management deployed $29.4M of net new capital in Q2 2017, opening 2 new positions and adding to 6 existing holdings. Its largest new stake was Hello Group: 265,777 shares worth $9.82M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, up from 30% a quarter earlier, followed by Consumer Staples and Financials.

On the sell side, the most notable exit was JOYY Inc, an estimated $10.1M sold.

  • Yiheng Capital Management's largest Q2 2017 buy was Hello Group: 265,777 shares worth $9.82M.
  • Yiheng Capital Management added most to Noah Holdings in Q2 2017, an estimated $8.69M increase.
  • Yiheng Capital Management fully exited JOYY Inc in Q2 2017, selling an estimated $10.1M.
  • Yiheng Capital Management's ten largest holdings make up 93% of its $286M portfolio in Q2 2017.
  • Yiheng Capital Management opened 2 new positions and closed 2 in Q2 2017.
  • Yiheng Capital Management's portfolio value rose 20% quarter-over-quarter to $286M.

Based on Yiheng Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.