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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
-12.77%
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
$678M
AUM Growth
+$85.7M
(+14%)
Cap. Flow
+$194M
Cap. Flow
% of AUM
28.62%
Top 10 Holdings %
Top 10 Hldgs %
82.43%
Holding
18
New
2
Increased
13
Reduced
–
Closed
–
Top Buys
| 1 |
TAL Education Group
TAL
|
+$31.2M |
| 2 |
NOAH
Noah Holdings
NOAH
|
+$25.5M |
| 3 |
NIU
Niu Technologies
NIU
|
+$19.4M |
| 4 |
Huazhu Hotels Group
HTHT
|
+$16.3M |
| 5 |
Silicon Motion
SIMO
|
+$15.1M |
Top Sells
No sells this quarter
Sector Composition
| 1 | Consumer Discretionary | 25.21% |
| 2 | Consumer Staples | 22.02% |
| 3 | Communication Services | 18.28% |
| 4 | Financials | 16.35% |
| 5 | Technology | 13.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TAL Education Group
TAL
$5.62B
| $119M | 17.54% |
4,455,884
+1,176,935
| +36% | +$31.2M |
|
|
NOAH
2
Noah Holdings
NOAH
$603M
| $111M | 16.35% |
2,558,547
+614,035
| +32% | +$25.5M |
|
|
3
Huazhu Hotels Group
HTHT
$12.9B
| $76.2M | 11.25% |
2,662,588
+564,194
| +27% | +$16.3M |
|
4
JD.com
JD
$40.1B
| $49M | 7.22% |
2,339,472
+484,448
| +26% | +$10.8M |
|
5
MACOM Technology Solutions
MTSI
$20.4B
| $39.9M | 5.88% |
2,748,749
+837,740
| +44% | +$13.5M |
|
|
MOMO
6
Hello Group
MOMO
$888M
| $37.6M | 5.55% |
1,582,904
+305,514
| +24% | +$9.61M |
|
7
Bilibili
BILI
$7.52B
| $36.6M | 5.4% |
2,510,714
+831,603
| +50% | +$11.7M |
|
|
EHIC
8
DELISTED
eHi Car Services Limited
EHIC
| $31.1M | 4.58% |
2,957,154
| – | – |
|
|
AIU
9
DELISTED
Meta Data Limited American Depositary Shares, each representing ten (10) Class A Ordinary Shares
AIU
| $30.4M | 4.49% |
31,187
+6,001
| +24% | +$5.9M |
|
|
10
Silicon Motion
SIMO
$8.87B
| $28.3M | 4.18% |
821,513
+386,212
| +89% | +$15.1M |
|
|
TOUR
11
Tuniu
TOUR
$55.2M
| $28M | 4.13% |
575,867
+139,185
| +32% | +$8.45M |
|
|
JT
12
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
| $25.3M | 3.73% |
757,325
+182,454
| +32% | +$6.84M |
|
13
Baidu
BIDU
$36.5B
| $24.4M | 3.61% |
154,155
+3,340
| +2% | +$623K |
|
|
NIU
14
Niu Technologies
NIU
$201M
| $17.7M | 2.62% |
+2,532,570
| New | +$19.4M |
|
|
HIMX
15
Himax Technologies
HIMX
$2.21B
| $11.7M | 1.73% |
3,411,152
+2,136,120
| +168% | +$10.1M |
|
|
HIVE
16
DELISTED
Aerohive Networks
HIVE
| $6.07M | 0.9% |
1,863,083
| – | – |
|
|
MYND
17
Mynd.ai
MYND
$18.3M
| $4.05M | 0.6% |
+69,355
| New | +$8.99M |
|
|
SQNS
18
Sequans Communications SA
SQNS
$44.8M
| $1.82M | 0.27% |
23,370
| – | – |
|
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Yiheng Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Yiheng Capital Management held 18 positions worth $678M, up 14% from $592M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Yiheng Capital Management deployed $194M of net new capital in Q4 2018, opening 2 new positions and adding to 13 existing holdings. Its largest new stake was Niu Technologies: 2,532,570 shares worth $17.7M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 25% a quarter earlier, followed by Consumer Staples and Communication Services.
- Yiheng Capital Management's largest Q4 2018 buy was Niu Technologies: 2,532,570 shares worth $17.7M.
- Yiheng Capital Management added most to TAL Education Group in Q4 2018, an estimated $31.2M increase.
- Yiheng Capital Management's ten largest holdings make up 82% of its $678M portfolio in Q4 2018.
- Yiheng Capital Management opened 2 new positions and closed 0 in Q4 2018.
- Yiheng Capital Management's portfolio value rose 14% quarter-over-quarter to $678M.
Based on Yiheng Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.