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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
-7.48%
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
$817M
AUM Growth
-$31.3M
(-3.7%)
Cap. Flow
+$63.4M
Cap. Flow
% of AUM
7.76%
Top 10 Holdings %
Top 10 Hldgs %
88.83%
Holding
18
New
–
Increased
8
Reduced
–
Closed
1
Top Buys
| 1 |
Bilibili
BILI
|
+$33.6M |
| 2 |
Baidu
BIDU
|
+$21.1M |
| 3 |
AIU
Meta Data Limited American Depositary Shares, each representing ten (10) Class A Ordinary Shares
AIU
|
+$7.8M |
| 4 |
TAL Education Group
TAL
|
+$6.12M |
| 5 |
NOAH
Noah Holdings
NOAH
|
+$1.06M |
Top Sells
| 1 |
HIVE
Aerohive Networks
HIVE
|
+$6.91M |
Sector Composition
| 1 | Consumer Discretionary | 26% |
| 2 | Consumer Staples | 24.24% |
| 3 | Communication Services | 24.11% |
| 4 | Technology | 14.75% |
| 5 | Financials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TAL Education Group
TAL
$5.63B
| $162M | 19.79% |
4,721,832
+175,647
| +4% | +$6.12M |
|
2
Huazhu Hotels Group
HTHT
$12.9B
| $93.6M | 11.46% |
2,834,855
| – | – |
|
|
3
Bilibili
BILI
$7.54B
| $89.2M | 10.92% |
6,320,618
+2,238,832
| +55% | +$33.6M |
|
|
NOAH
4
Noah Holdings
NOAH
$603M
| $89.1M | 10.9% |
3,050,181
+33,161
| +1% | +$1.06M |
|
5
MACOM Technology Solutions
MTSI
$21B
| $68.5M | 8.38% |
3,186,673
| – | – |
|
6
JD.com
JD
$40.2B
| $67.3M | 8.23% |
2,384,472
| – | – |
|
|
MOMO
7
Hello Group
MOMO
$888M
| $50.3M | 6.15% |
1,622,904
| – | – |
|
|
8
Baidu
BIDU
$36.6B
| $37.1M | 4.54% |
361,055
+196,100
| +119% | +$21.1M |
|
|
AIU
9
DELISTED
Meta Data Limited American Depositary Shares, each representing ten (10) Class A Ordinary Shares
AIU
| $36.3M | 4.45% |
39,327
+8,140
| +26% | +$7.8M |
|
10
Silicon Motion
SIMO
$9.06B
| $32.6M | 3.99% |
922,313
| – | – |
|
|
NIU
11
Niu Technologies
NIU
$201M
| $29.9M | 3.65% |
3,537,119
+3,500
| +0.1% | +$25.8K |
|
|
JT
12
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
| $20.4M | 2.49% |
1,018,245
+21,607
| +2% | +$585K |
|
|
TOUR
13
Tuniu
TOUR
$55.5M
| $17.9M | 2.19% |
600,554
+1,036
| +0.2% | +$33.4K |
|
|
MYND
14
Mynd.ai
MYND
$18.3M
| $8.81M | 1.08% |
137,455
| – | – |
|
|
HIMX
15
Himax Technologies
HIMX
$2.26B
| $8.56M | 1.05% |
3,769,847
| – | – |
|
|
YJ
16
Yunji
YJ
$7.39M
| $3.78M | 0.46% |
13,750
| – | – |
|
|
SQNS
17
Sequans Communications SA
SQNS
$46.4M
| $2.03M | 0.25% |
23,370
| – | – |
|
|
HIVE
18
DELISTED
Aerohive Networks
HIVE
| – | – |
-1,558,688
| Closed | -$6.91M |
|
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Yiheng Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Yiheng Capital Management held 18 positions worth $817M, down 3.7% from $848M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Yiheng Capital Management deployed $63.4M of net new capital in Q3 2019, adding to 8 existing holdings.
By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, down from 26% a quarter earlier, followed by Consumer Staples and Communication Services.
On the sell side, the most notable exit was Aerohive Networks, an estimated $6.91M sold.
- Yiheng Capital Management added most to Bilibili in Q3 2019, an estimated $33.6M increase.
- Yiheng Capital Management fully exited Aerohive Networks in Q3 2019, selling an estimated $6.91M.
- Yiheng Capital Management's ten largest holdings make up 89% of its $817M portfolio in Q3 2019.
- Yiheng Capital Management opened 0 new positions and closed 1 in Q3 2019.
- Yiheng Capital Management's portfolio value fell 3.7% quarter-over-quarter to $817M.
Based on Yiheng Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.