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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
+0.99%
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
$1.96B
AUM Growth
+$112M
Cap. Flow
+$256M
Cap. Flow %
13.03%
Top 10 Hldgs %
79.14%
Holding
37
New
6
Increased
8
Reduced
5
Closed
2

Top Buys

1
JD icon
JD.com
JD
+$45.3M
2
INDI icon
indie Semiconductor
INDI
+$9.17M
3
BILI icon
Bilibili
BILI
+$8.2M
4
BEAM icon
Beam Therapeutics
BEAM
+$2.59M
5
AKRO
Akero Therapeutics
AKRO
+$935K

Top Sells

1
EDU icon
New Oriental
EDU
+$72.2M
2
TAL icon
TAL Education Group
TAL
+$6.08M
3
TDG icon
TransDigm Group
TDG
+$3.69M
4
SQNS
Sequans Communications SA
SQNS
+$1.3M
5
MYND
Mynd.ai
MYND
+$422K

Sector Composition

1 Consumer Discretionary 13.17%
2 Communication Services 9.97%
3 Healthcare 7.81%
4 Technology 7.5%
5 Consumer Staples 7.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JD icon
1
CALL
JD.com
JD
$40B
$437M 22.25%
14,984,900
+528,100
+4% +$18.4M
BILI icon
2
CALL
Bilibili
BILI
$7.55B
$259M 13.23%
18,841,300
+6,115,800
+48% +$94.4M
BILI icon
3
Bilibili
BILI
$7.55B
$163M 8.29%
11,806,098
+531,100
+5% +$8.2M
JD icon
4
JD.com
JD
$40B
$145M 7.39%
4,975,710
+1,300,690
+35% +$45.3M
EDU icon
5
New Oriental
EDU
$7.82B
$121M 6.17%
2,066,424
-1,376,242
-40% -$72.2M
HTHT icon
6
Huazhu Hotels Group
HTHT
$12.8B
$110M 5.59%
2,783,620
– –
RBLX icon
7
CALL
Roblox
RBLX
$37B
$94M 4.79%
+3,246,400
New +$108M
NOAH
8
Noah Holdings
NOAH
$610M
$83.8M 4.27%
6,719,722
– –
HOLI
9
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$78.6M 4.01%
3,963,836
– –
AKRO
10
DELISTED
Akero Therapeutics
AKRO
$61.8M 3.15%
1,221,674
+20,083
+2% +$935K
SABR icon
11
Sabre
SABR
$684M
$53.1M 2.71%
11,826,186
– –
TDG icon
12
TransDigm Group
TDG
$67.9B
$51.5M 2.62%
61,042
-4,203
-6% -$3.69M
PENG
13
Penguin Solutions Inc
PENG
$3.1B
$50.6M 2.58%
2,079,047
-6,555
-0.3% -$166K
INDI icon
14
indie Semiconductor
INDI
$809M
$31M 1.58%
4,916,923
+1,185,693
+32% +$9.17M
RBLX icon
15
Roblox
RBLX
$37B
$29.2M 1.49%
1,008,274
– –
DNLI icon
16
Denali Therapeutics
DNLI
$3.7B
$23.7M 1.21%
1,150,684
– –
VRDN icon
17
Viridian Therapeutics
VRDN
$1.99B
$18.8M 0.96%
1,228,534
– –
TAL icon
18
TAL Education Group
TAL
$5.68B
$17.8M 0.91%
1,950,787
-867,513
-31% -$6.08M
KROS icon
19
Keros Therapeutics
KROS
$211M
$17.7M 0.9%
554,151
– –
ABG icon
20
PUT
Asbury Automotive
ABG
$4.1B
$17.5M 0.89%
+76,000
New +$17.4M
LAD icon
21
PUT
Lithia Motors
LAD
$7.65B
$17M 0.87%
+57,500
New +$17.5M
GPI icon
22
PUT
Group 1 Automotive
GPI
$3.88B
$16.1M 0.82%
+60,000
New +$15.7M
BEAM icon
23
Beam Therapeutics
BEAM
$2.83B
$13.5M 0.69%
560,500
+96,700
+21% +$2.59M
PAG icon
24
PUT
Penske Automotive Group
PAG
$13.3B
$12.3M 0.63%
+73,900
New +$12.4M
IVA
25
Inventiva
IVA
$1.09B
$11.1M 0.57%
2,644,926
– –
1
2

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PWA
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CP
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MIM
Meros Investment Management Dallas, Texas $231M AUM 35.94% 1-Year Est. Return
CC
Citrine Capital San Francisco, California $231M AUM 17.28% 1-Year Est. Return
MWM
Massachusetts Wealth Management North Andover, Massachusetts $231M AUM 33.21% 1-Year Est. Return
RF
rebel Financial Groveport, Ohio $231M AUM 12.5% 1-Year Est. Return
CFS
Compass Financial Services West Des Moines, Iowa $231M AUM 11.35% 1-Year Est. Return
ERFOTCOFW
Employees Retirement Fund of the City of Fort Worth Fort Worth, Texas $230M AUM 10.19% 1-Year Est. Return

Yiheng Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Yiheng Capital Management held 37 positions worth $1.96B, up 6% from $1.85B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Yiheng Capital Management deployed $256M of net new capital in Q3 2023, opening 6 new positions and adding to 8 existing holdings. Its largest new stake was DBV Technologies: 13,319 shares worth $181K.

By sector, the portfolio is most concentrated in Consumer Discretionary at 13% of assets, up from 13% a quarter earlier, followed by Communication Services and Healthcare.

On the sell side, the largest reduction was New Oriental, an estimated $72.2M trimmed.

  • Yiheng Capital Management's largest Q3 2023 buy was DBV Technologies: 13,319 shares worth $181K.
  • Yiheng Capital Management added most to JD.com in Q3 2023, an estimated $45.3M increase.
  • Yiheng Capital Management's biggest Q3 2023 reduction was New Oriental, cutting an estimated $72.2M.
  • Yiheng Capital Management fully exited Sequans Communications SA in Q3 2023, selling an estimated $1.3M.
  • Yiheng Capital Management's ten largest holdings make up 79% of its $1.96B portfolio in Q3 2023.
  • Yiheng Capital Management opened 6 new positions and closed 2 in Q3 2023.
  • Yiheng Capital Management's portfolio value rose 6% quarter-over-quarter to $1.96B.

Based on Yiheng Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.