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YCM
Yiheng Capital Management Portfolio holdings
AUM
$291M
1-Year Est. Return
19.43%
This Fund
S&P 500
This Quarter
Est. Return
+0.99%
1 Year Est. Return
+19.43%
3 Year Est. Return
+81.96%
5 Year Est. Return
+61.91%
10 Year Est. Return
+930.57%
AUM
$1.96B
AUM Growth
+$112M
(+6%)
Cap. Flow
-$17.1M
Cap. Flow
% of AUM
-0.87%
Top 10 Holdings %
Top 10 Hldgs %
79.14%
Holding
37
New
6
Increased
8
Reduced
5
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$45.3M |
| 2 |
indie Semiconductor
INDI
|
+$9.17M |
| 3 |
Bilibili
BILI
|
+$8.2M |
| 4 |
Beam Therapeutics
BEAM
|
+$2.59M |
| 5 |
AKRO
Akero Therapeutics
AKRO
|
+$935K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
New Oriental
EDU
|
+$72.2M |
| 2 |
TAL Education Group
TAL
|
+$6.08M |
| 3 |
TransDigm Group
TDG
|
+$3.69M |
| 4 |
SQNS
Sequans Communications SA
SQNS
|
+$1.3M |
| 5 |
MYND
Mynd.ai
MYND
|
+$422K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 43.58% |
| 2 | Consumer Discretionary | 13.17% |
| 3 | Communication Services | 9.97% |
| 4 | Healthcare | 7.81% |
| 5 | Technology | 7.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
JD.com
JD
$38.2B
| $437M | 22.25% |
14,984,900
+528,100
| +4% | +$18.4M |
|
|
2
CALL
Bilibili
BILI
$6.37B
| $259M | 13.23% |
18,841,300
+6,115,800
| +48% | +$94.4M |
|
|
3
Bilibili
BILI
$6.37B
| $163M | 8.29% |
11,806,098
+531,100
| +5% | +$8.2M |
|
|
4
JD.com
JD
$38.2B
| $145M | 7.39% |
4,975,710
+1,300,690
| +35% | +$45.3M |
|
|
5
New Oriental
EDU
$9.47B
| $121M | 6.17% |
2,066,424
-1,376,242
| -40% | -$72.2M |
|
6
Huazhu Hotels Group
HTHT
$14.1B
| $110M | 5.59% |
2,783,620
| – | – |
|
7
CALL
Roblox
RBLX
$30.9B
| $94M | 4.79% |
+3,246,400
| New | +$108M |
|
|
NOAH
8
Noah Holdings
NOAH
$579M
| $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 |
|
11
Sabre
SABR
$860M
| $53.1M | 2.71% |
11,826,186
| – | – |
|
|
12
TransDigm Group
TDG
$64.2B
| $51.5M | 2.62% |
61,042
-4,203
| -6% | -$3.69M |
|
|
PENG
13
Penguin Solutions Inc
PENG
$2.65B
| $50.6M | 2.58% |
2,079,047
-6,555
| -0.3% | -$166K |
|
|
14
indie Semiconductor
INDI
$761M
| $31M | 1.58% |
4,916,923
+1,185,693
| +32% | +$9.17M |
|
|
15
Roblox
RBLX
$30.9B
| $29.2M | 1.49% |
1,008,274
| – | – |
|
16
Denali Therapeutics
DNLI
$3.56B
| $23.7M | 1.21% |
1,150,684
| – | – |
|
17
Viridian Therapeutics
VRDN
$2.6B
| $18.8M | 0.96% |
1,228,534
| – | – |
|
|
18
TAL Education Group
TAL
$6.88B
| $17.8M | 0.91% |
1,950,787
-867,513
| -31% | -$6.08M |
|
19
Keros Therapeutics
KROS
$224M
| $17.7M | 0.9% |
554,151
| – | – |
|
20
PUT
Asbury Automotive
ABG
$3.9B
| $17.5M | 0.89% |
+76,000
| New | +$17.4M |
|
21
PUT
Lithia Motors
LAD
$8.5B
| $17M | 0.87% |
+57,500
| New | +$17.5M |
|
22
PUT
Group 1 Automotive
GPI
$3.59B
| $16.1M | 0.82% |
+60,000
| New | +$15.7M |
|
|
23
Beam Therapeutics
BEAM
$3.06B
| $13.5M | 0.69% |
560,500
+96,700
| +21% | +$2.59M |
|
24
PUT
Penske Automotive Group
PAG
$14.4B
| $12.3M | 0.63% |
+73,900
| New | +$12.4M |
|
|
IVA
25
Inventiva
IVA
$1.13B
| $11.1M | 0.57% |
2,644,926
| – | – |
|
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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's Q3 2023 filing shows 6 new, 8 increased, 5 reduced and 2 closed positions. Its largest new stake was DBV Technologies: 13,319 shares worth $181K. The largest sale was New Oriental, an estimated $72.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 44% of assets, up from 38% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- 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.