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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
+12.36%
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
$2.2B
AUM Growth
+$35.3M
Cap. Flow
-$135M
Cap. Flow %
-6.13%
Top 10 Hldgs %
89.34%
Holding
31
New
4
Increased
6
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
GBT
Global Blood Therapeutics, Inc.
GBT
+$36.8M
2
JD icon
JD.com
JD
+$31.9M
3
HIMX
Himax Technologies
HIMX
+$16.8M
4
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$15.9M
5
BILL icon
BILL Holdings
BILL
+$15.3M

Top Sells

Rank Stock Value
1
BILI icon
Bilibili
BILI
+$94.8M
2
MTSI icon
MACOM Technology Solutions
MTSI
+$49.8M
3
NIU
Niu Technologies
NIU
+$31.7M
4
TAL icon
TAL Education Group
TAL
+$25M
5
SABR icon
Sabre
SABR
+$20.1M

Sector Composition

Rank Sector Weight
1 Communication Services 24.54%
2 Consumer Discretionary 20.15%
3 Technology 17.71%
4 Financials 14.39%
5 Consumer Staples 10.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BILI icon
1
Bilibili
BILI
$7.55B
$520M 23.58%
4,856,462
-775,522
-14% -$94.8M
NOAH
2
Noah Holdings
NOAH
$610M
$295M 13.39%
6,646,922
-373,663
-5% -$17.7M
TAL icon
3
TAL Education Group
TAL
$5.68B
$215M 9.77%
4,000,966
-342,095
-8% -$25M
JD icon
4
JD.com
JD
$40B
$172M 7.79%
2,036,532
+348,200
+21% +$31.9M
SABR icon
5
Sabre
SABR
$684M
$172M 7.78%
11,586,111
-1,486,911
-11% -$20.1M
HTHT icon
6
Huazhu Hotels Group
HTHT
$12.8B
$169M 7.65%
3,070,910
– –
TDG icon
7
TransDigm Group
TDG
$67.9B
$154M 6.98%
261,700
– –
HIMX
8
Himax Technologies
HIMX
$2.23B
$112M 5.07%
8,189,493
+1,439,966
+21% +$16.8M
NIU
9
Niu Technologies
NIU
$206M
$82.9M 3.76%
2,261,315
-783,612
-26% -$31.7M
SIMO icon
10
Silicon Motion
SIMO
$8.96B
$78.7M 3.57%
1,325,323
-338,161
-20% -$19.2M
HOLI
11
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$37.1M 1.68%
2,961,605
+900
+0% +$13.1K
GBT
12
DELISTED
Global Blood Therapeutics, Inc.
GBT
$35.2M 1.59%
948,968
+801,568
+544% +$36.8M
PETQ
13
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$24.2M 1.1%
686,987
– –
NFH
14
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
$22.1M 1%
1,952,796
+88,131
+5% +$896K
TOUR
15
Tuniu
TOUR
$55.2M
$21.1M 0.96%
610,554
– –
MOMO
16
Hello Group
MOMO
$887M
$20.4M 0.93%
1,385,546
– –
ISEE
17
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
$17.2M 0.78%
2,784,083
+2,626,407
+1,666% +$15.9M
AIU
18
DELISTED
Meta Data Limited American Depositary Shares, each representing ten (10) Class A Ordinary Shares
AIU
$17.2M 0.78%
59,198
– –
BILL icon
19
BILL Holdings
BILL
$4.45B
$14.8M 0.67%
+101,863
New +$15.3M
AKRO
20
DELISTED
Akero Therapeutics
AKRO
$7.78M 0.35%
+268,282
New +$8.12M
MYND
21
Mynd.ai
MYND
$19.3M
$5.2M 0.24%
137,455
– –
VECO icon
22
Veeco
VECO
$3.19B
$4.68M 0.21%
225,685
– –
OCGN icon
23
PUT
Ocugen
OCGN
$460M
$3.72M 0.17%
+548,100
New +$3.64M
SQNS
24
Sequans Communications SA
SQNS
$43.6M
$3.53M 0.16%
23,370
– –
JT
25
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
$647K 0.03%
248,919
– –
1
2

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MIM
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CC
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MWM
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RF
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CFS
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ERFOTCOFW
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Yiheng Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Yiheng Capital Management held 31 positions worth $2.2B, up 1.6% from $2.17B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Yiheng Capital Management withdrew a net $135M in Q1 2021, closing 5 positions and reducing 6 holdings. Its most notable exit was MACOM Technology Solutions, an estimated $49.8M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Yiheng Capital Management opened a new position in BILL Holdings worth $14.8M.

  • Yiheng Capital Management's largest Q1 2021 buy was BILL Holdings: 101,863 shares worth $14.8M.
  • Yiheng Capital Management added most to Global Blood Therapeutics, Inc. in Q1 2021, an estimated $36.8M increase.
  • Yiheng Capital Management's biggest Q1 2021 reduction was Bilibili, cutting an estimated $94.8M.
  • Yiheng Capital Management fully exited MACOM Technology Solutions in Q1 2021, selling an estimated $49.8M.
  • Yiheng Capital Management's ten largest holdings make up 89% of its $2.2B portfolio in Q1 2021.
  • Yiheng Capital Management opened 4 new positions and closed 5 in Q1 2021.
  • Yiheng Capital Management's portfolio value rose 1.6% quarter-over-quarter to $2.2B.

Based on Yiheng Capital Management's 13F filing for Q1 2021, filed 17 May 2021.