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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
-5.24%
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
$1.75B
AUM Growth
-$442M
Cap. Flow
-$283M
Cap. Flow %
-16.19%
Top 10 Hldgs %
70.21%
Holding
39
New
2
Increased
12
Reduced
4
Closed
4

Top Buys

1
SABR icon
Sabre
SABR
+$19.5M
2
ACMR icon
ACM Research
ACMR
+$14.9M
3
BEAM icon
Beam Therapeutics
BEAM
+$13.5M
4
TDG icon
TransDigm Group
TDG
+$12M
5
ZH
Zhihu
ZH
+$11.3M

Top Sells

1
SIMO icon
Silicon Motion
SIMO
+$83.9M
2
HIMX
Himax Technologies
HIMX
+$12.1M
3
EDU icon
New Oriental
EDU
+$14

Sector Composition

1 Communication Services 18.36%
2 Consumer Discretionary 15.7%
3 Technology 13.23%
4 Healthcare 11.91%
5 Financials 7.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BILI icon
1
Bilibili
BILI
$7.52B
$244M 13.96%
9,538,771
+181,890
+2% +$4.37M
BILI icon
2
CALL
Bilibili
BILI
$7.52B
$201M 11.49%
7,851,000
+716,900
+10% +$17.2M
NOAH
3
Noah Holdings
NOAH
$603M
$135M 7.74%
6,690,822
+43,900
+0.7% +$819K
JD icon
4
JD.com
JD
$40.2B
$131M 7.51%
2,045,332
+1,600
+0.1% +$92.3K
HTHT icon
5
Huazhu Hotels Group
HTHT
$12.9B
$117M 6.69%
3,070,910
– –
JD icon
6
CALL
JD.com
JD
$40.2B
$104M 5.95%
1,621,500
-5,120,500
-76% -$295M
ACMR icon
7
ACM Research
ACMR
$5.75B
$88.6M 5.07%
5,266,800
+964,800
+22% +$14.9M
EDU icon
8
New Oriental
EDU
$7.83B
$80.3M 4.59%
3,942,372
-1
-0% -$14
TDG icon
9
TransDigm Group
TDG
$69.2B
$67.2M 3.84%
125,227
+20,300
+19% +$12M
HOLI
10
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$58.7M 3.35%
3,963,836
– –
ISEE
11
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
$48.7M 2.78%
5,058,585
– –
PENG
12
Penguin Solutions Inc
PENG
$3.24B
$48.4M 2.77%
2,953,992
+231,900
+9% +$5.28M
HIMX
13
Himax Technologies
HIMX
$2.21B
$48M 2.75%
6,423,445
-1,315,627
-17% -$12.1M
GBT
14
DELISTED
Global Blood Therapeutics, Inc.
GBT
$48M 2.74%
1,501,382
– –
ZH
15
Zhihu
ZH
$270M
$44.1M 2.52%
4,110,192
+1,046,515
+34% +$11.3M
SABR icon
16
Sabre
SABR
$672M
$42.8M 2.45%
7,335,142
+2,337,600
+47% +$19.5M
JOYY
17
JOYY Inc
JOYY
$3.53B
$32.8M 1.87%
1,096,960
– –
HTHT icon
18
CALL
Huazhu Hotels Group
HTHT
$12.9B
$29.9M 1.71%
785,700
-502,100
-39% -$15.7M
DNLI icon
19
Denali Therapeutics
DNLI
$3.67B
$29.9M 1.71%
1,014,684
– –
TAL icon
20
TAL Education Group
TAL
$5.62B
$18.2M 1.04%
3,728,000
– –
PETQ
21
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$17.9M 1.03%
1,067,887
– –
AKRO
22
DELISTED
Akero Therapeutics
AKRO
$17.8M 1.02%
1,882,698
+329,708
+21% +$3.44M
GBIO
23
DELISTED
Generation Bio
GBIO
$17M 0.97%
259,763
– –
IVA
24
Inventiva
IVA
$1.09B
$15M 0.86%
2,640,253
+982,679
+59% +$8.93M
SABR icon
25
CALL
Sabre
SABR
$672M
$14.3M 0.82%
+2,457,100
New +$20.5M
1
2

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CP
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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 Q2 2022 Portfolio in Review

As of Q2 2022, Yiheng Capital Management held 39 positions worth $1.75B, down 20% from $2.19B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Yiheng Capital Management withdrew a net $283M in Q2 2022, closing 4 positions and reducing 4 holdings. Its most notable exit was Silicon Motion, an estimated $83.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 18% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Yiheng Capital Management added an estimated $19.5M to Sabre.

  • Yiheng Capital Management added most to Sabre in Q2 2022, an estimated $19.5M increase.
  • Yiheng Capital Management's biggest Q2 2022 reduction was Himax Technologies, cutting an estimated $12.1M.
  • Yiheng Capital Management fully exited Silicon Motion in Q2 2022, selling an estimated $83.9M.
  • Yiheng Capital Management's ten largest holdings make up 70% of its $1.75B portfolio in Q2 2022.
  • Yiheng Capital Management opened 2 new positions and closed 4 in Q2 2022.
  • Yiheng Capital Management's portfolio value fell 20% quarter-over-quarter to $1.75B.

Based on Yiheng Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.