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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
-20.32%
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
$2.19B
AUM Growth
+$230M
Cap. Flow
+$823M
Cap. Flow %
37.57%
Top 10 Hldgs %
69.85%
Holding
40
New
8
Increased
11
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
BILI icon
Bilibili
BILI
+$89.2M
2
ZH
Zhihu
ZH
+$52.7M
3
DNLI icon
Denali Therapeutics
DNLI
+$23.4M
4
GBT
Global Blood Therapeutics, Inc.
GBT
+$6.74M
5
TAL icon
TAL Education Group
TAL
+$6.23M

Top Sells

Rank Stock Value
1
SIMO icon
Silicon Motion
SIMO
+$31.3M
2
TDG icon
TransDigm Group
TDG
+$27.5M
3
SABR icon
Sabre
SABR
+$22.5M
4
ARNA
Arena Pharmaceuticals Inc
ARNA
+$18M
5
HIMX
Himax Technologies
HIMX
+$13.3M

Sector Composition

Rank Sector Weight
1 Technology 17.76%
2 Communication Services 14.8%
3 Healthcare 11.74%
4 Consumer Discretionary 11.37%
5 Financials 7.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JD icon
1
CALL
JD.com
JD
$40B
$390M 17.81%
+6,742,000
New +$458M
BILI icon
2
Bilibili
BILI
$7.55B
$239M 10.93%
9,356,881
+2,770,900
+42% +$89.2M
BILI icon
3
CALL
Bilibili
BILI
$7.55B
$182M 8.33%
+7,134,100
New +$230M
NOAH
4
Noah Holdings
NOAH
$610M
$156M 7.14%
6,646,922
– –
JD icon
5
JD.com
JD
$40B
$118M 5.4%
2,043,732
– –
HTHT icon
6
Huazhu Hotels Group
HTHT
$12.8B
$101M 4.62%
3,070,910
– –
ACMR icon
7
ACM Research
ACMR
$5.8B
$89M 4.06%
4,302,000
+56,700
+1% +$1.43M
ISEE
8
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
$85.1M 3.89%
5,058,585
– –
HIMX
9
Himax Technologies
HIMX
$2.23B
$84M 3.84%
7,739,072
-1,168,150
-13% -$13.3M
SIMO icon
10
Silicon Motion
SIMO
$8.96B
$83.9M 3.83%
1,255,056
-401,068
-24% -$31.3M
PENG
11
Penguin Solutions Inc
PENG
$3.1B
$70.3M 3.21%
2,722,092
– –
TDG icon
12
TransDigm Group
TDG
$67.9B
$68.4M 3.12%
104,927
-42,784
-29% -$27.5M
HOLI
13
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$63.3M 2.89%
3,963,836
– –
SABR icon
14
Sabre
SABR
$684M
$57.1M 2.61%
4,997,542
-2,296,516
-31% -$22.5M
GBT
15
DELISTED
Global Blood Therapeutics, Inc.
GBT
$52M 2.37%
1,501,382
+225,582
+18% +$6.74M
EDU icon
16
New Oriental
EDU
$7.82B
$45.3M 2.07%
3,942,373
– –
ZH
17
Zhihu
ZH
$273M
$44.5M 2.03%
3,063,677
+2,456,307
+404% +$52.7M
HTHT icon
18
CALL
Huazhu Hotels Group
HTHT
$12.8B
$42.5M 1.94%
+1,287,800
New +$47.8M
JOYY
19
JOYY Inc
JOYY
$3.53B
$40.3M 1.84%
1,096,960
– –
DNLI icon
20
Denali Therapeutics
DNLI
$3.7B
$32.6M 1.49%
1,014,684
+679,500
+203% +$23.4M
PETQ
21
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$26.1M 1.19%
1,067,887
– –
AKRO
22
DELISTED
Akero Therapeutics
AKRO
$22M 1.01%
1,552,990
+1,900
+0.1% +$33.3K
GBIO
23
DELISTED
Generation Bio
GBIO
$19.1M 0.87%
259,763
+62,248
+32% +$3.61M
IVA
24
Inventiva
IVA
$1.09B
$18.9M 0.86%
1,657,574
+35,265
+2% +$428K
RERE
25
ATRenew
RERE
$857M
$14.8M 0.68%
4,194,064
– –
1
2

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MIM
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CC
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MWM
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CFS
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ERFOTCOFW
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Yiheng Capital Management's Q1 2022 Portfolio in Review

As of Q1 2022, Yiheng Capital Management held 40 positions worth $2.19B, up 12% from $1.96B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Yiheng Capital Management deployed $823M of net new capital in Q1 2022, opening 8 new positions and adding to 11 existing holdings. Its largest new stake was Vistance Networks Inc: 200,004 shares worth $1.58M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 30% a quarter earlier, followed by Communication Services and Healthcare.

On the sell side, the largest reduction was Silicon Motion, an estimated $31.3M trimmed.

  • Yiheng Capital Management's largest Q1 2022 buy was Vistance Networks Inc: 200,004 shares worth $1.58M.
  • Yiheng Capital Management added most to Bilibili in Q1 2022, an estimated $89.2M increase.
  • Yiheng Capital Management's biggest Q1 2022 reduction was Silicon Motion, cutting an estimated $31.3M.
  • Yiheng Capital Management fully exited Arena Pharmaceuticals Inc in Q1 2022, selling an estimated $18M.
  • Yiheng Capital Management's ten largest holdings make up 70% of its $2.19B portfolio in Q1 2022.
  • Yiheng Capital Management opened 8 new positions and closed 3 in Q1 2022.
  • Yiheng Capital Management's portfolio value rose 12% quarter-over-quarter to $2.19B.

Based on Yiheng Capital Management's 13F filing for Q1 2022, filed 16 May 2022.