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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
+4.4%
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
$1.24B
AUM Growth
-$563M
Cap. Flow
-$560M
Cap. Flow %
-45.13%
Top 10 Hldgs %
83.71%
Holding
29
New
4
Increased
4
Reduced
7
Closed
3

Top Buys

1
JD icon
JD.com
JD
+$49.9M
2
RERE
ATRenew
RERE
+$2.55M
3
DBVT
DBV Technologies
DBVT
+$453K
4
TOUR
Tuniu
TOUR
+$293K

Top Sells

1
HTHT icon
Huazhu Hotels Group
HTHT
+$14M
2
BILI icon
Bilibili
BILI
+$13.5M
3
TDG icon
TransDigm Group
TDG
+$6.54M
4
EDU icon
New Oriental
EDU
+$4.07M
5
ACMR icon
ACM Research
ACMR
+$890K

Sector Composition

1 Communication Services 19.42%
2 Consumer Discretionary 14.79%
3 Healthcare 8.34%
4 Consumer Staples 5.78%
5 Financials 5.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BILI icon
1
CALL
Bilibili
BILI
$7.52B
$360M 29.01%
23,317,100
+12,063,900
+107% +$168M
BILI icon
2
Bilibili
BILI
$7.52B
$196M 15.76%
12,669,249
-967,702
-7% -$13.5M
JD icon
3
JD.com
JD
$40.1B
$127M 10.21%
4,903,489
+1,699,128
+53% +$49.9M
NOAH
4
Noah Holdings
NOAH
$603M
$64.8M 5.22%
6,719,722
– –
SMCI icon
5
PUT
Super Micro Computer
SMCI
$15.6B
$61.5M 4.95%
750,000
-4,867,000
-87% -$416M
HTHT icon
6
Huazhu Hotels Group
HTHT
$12.9B
$53.4M 4.31%
1,603,978
-371,473
-19% -$14M
EDU icon
7
New Oriental
EDU
$7.83B
$51.1M 4.12%
657,629
-50,000
-7% -$4.07M
RBLX icon
8
Roblox
RBLX
$37.1B
$45.4M 3.66%
1,220,744
– –
MBLY icon
9
PUT
Mobileye
MBLY
$7.61B
$44.9M 3.62%
+1,600,200
New +$46.3M
JD icon
10
CALL
JD.com
JD
$40.1B
$35.4M 2.85%
1,369,300
-13,190,300
-91% -$387M
AKRO
11
DELISTED
Akero Therapeutics
AKRO
$33.6M 2.71%
1,434,179
– –
TDG icon
12
TransDigm Group
TDG
$69.1B
$33.2M 2.68%
26,021
-5,100
-16% -$6.54M
GPI icon
13
PUT
Group 1 Automotive
GPI
$3.89B
$26.9M 2.17%
+90,600
New +$26.8M
DNLI icon
14
Denali Therapeutics
DNLI
$3.69B
$26.7M 2.15%
1,150,684
– –
TAL icon
15
TAL Education Group
TAL
$5.62B
$20.7M 1.66%
1,935,718
– –
BEAM icon
16
Beam Therapeutics
BEAM
$2.89B
$19.8M 1.6%
845,500
– –
VRDN icon
17
Viridian Therapeutics
VRDN
$1.99B
$12.3M 0.99%
948,130
– –
ACMR icon
18
ACM Research
ACMR
$5.74B
$10.3M 0.83%
446,104
-35,187
-7% -$890K
IVA
19
Inventiva
IVA
$1.09B
$7.91M 0.64%
2,644,926
– –
LAD icon
20
PUT
Lithia Motors
LAD
$7.68B
$3.28M 0.26%
+13,000
New +$3.4M
RERE
21
ATRenew
RERE
$864M
$3.14M 0.25%
1,326,293
+1,162,817
+711% +$2.55M
DBVT
22
DBV Technologies
DBVT
$880M
$2.53M 0.2%
630,715
+73,824
+13% +$453K
VISN
23
Vistance Networks Inc
VISN
$2.75B
$899K 0.07%
730,877
– –
GBIO
24
DELISTED
Generation Bio
GBIO
$540K 0.04%
19,153
– –
TOUR
25
Tuniu
TOUR
$55.2M
$263K 0.02%
+31,444
New +$293K
1
2

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MIM
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ERFOTCOFW
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Yiheng Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Yiheng Capital Management held 29 positions worth $1.24B, down 31% from $1.8B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Yiheng Capital Management withdrew a net $560M in Q2 2024, closing 3 positions and reducing 7 holdings. Its largest reduction was Huazhu Hotels Group, cutting an estimated $14M.

By sector, the portfolio is most concentrated in Communication Services at 19% of assets, up from 11% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Yiheng Capital Management opened a new position in Tuniu worth $263K.

  • Yiheng Capital Management's largest Q2 2024 buy was Tuniu: 31,444 shares worth $263K.
  • Yiheng Capital Management added most to JD.com in Q2 2024, an estimated $49.9M increase.
  • Yiheng Capital Management's biggest Q2 2024 reduction was Huazhu Hotels Group, cutting an estimated $14M.
  • Yiheng Capital Management's ten largest holdings make up 84% of its $1.24B portfolio in Q2 2024.
  • Yiheng Capital Management opened 4 new positions and closed 3 in Q2 2024.
  • Yiheng Capital Management's portfolio value fell 31% quarter-over-quarter to $1.24B.

Based on Yiheng Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.