Filed: 5/13/2025ACC: 0000950123-25-004919
📋 What this filing means
HSG HOLDING LTD filed this quarterly 13F‑HR report disclosing 18 equity positions with a total reported market value of $1.70B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
18
Positions
$1.70B
Total AUM (reported)
48.43M
Total Shares
Allocation by class
SPONSORED ADS$1.44B84.6%
ADS$98.93M5.8%
SPON ADS CL A$93.37M5.5%
SPON ADS$26.45M1.6%
SPONSORED ADR$17.32M1.0%
COM$15.44M0.9%
ORDINARY SHARES$7.54M0.4%
Portfolio Concentration
Top 3$1.53B89.6%
4–10$156.81M9.2%
11–25$20.77M1.2%
Top 3 weight
89.6%
Top 10 weight
98.8%
Voting Authority Distribution
Total shares with voting rights: 48.43M
Sole
Full voting authority
48.43M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other18
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings18
Rows:
PDD HOLDINGS INC
DFNDShares13.60M
TypeSH
Market value$1.37B
80.18%
Sole
13.60M
Shared
0.00
None
0.00
FUTU HLDGS LTD
DFNDShares1.06M
TypeSH
Market value$93.37M
5.48%
Sole
1.06M
Shared
0.00
None
0.00
KE HLDGS INC
DFNDShares1.20M
TypeSH
Market value$66.60M
3.91%
Sole
1.20M
Shared
0.00
None
0.00
KE HLDGS INC
DFNDShares739.02K
TypeSH
Market value$41.02M
2.41%
Sole
739.02K
Shared
0.00
None
0.00
DINGDONG CAYMAN LTD
DFNDShares11.14M
TypeSH
Market value$29.08M
1.71%
Sole
11.14M
Shared
0.00
None
0.00
KANZHUN LIMITED
DFNDShares1.90M
TypeSH
Market value$27.76M
1.63%
Sole
1.90M
Shared
0.00
None
0.00
NOAH HLDGS LTD
DFNDShares2.99M
TypeSH
Market value$26.45M
1.55%
Sole
2.99M
Shared
0.00
None
0.00
ARRIVENT BIOPHARMA INC
DFNDShares663.31K
TypeSH
Market value$13.98M
0.82%
Sole
663.31K
Shared
0.00
None
0.00
51TALK ONLINE EDUCATION GROU
DFNDShares667.22K
TypeSH
Market value$10.98M
0.64%
Sole
667.22K
Shared
0.00
None
0.00
TH INTERNATIONAL LIMITED
DFNDShares2.90M
TypeSH
Market value$7.54M
0.44%
Sole
2.90M
Shared
0.00
None
0.00
LOTUS TECHNOLOGY INC
DFNDShares4.83M
TypeSH
Market value$6.33M
0.37%
Sole
4.83M
Shared
0.00
None
0.00
STRUCTURE THERAPEUTICS INC
DFNDShares266.06K
TypeSH
Market value$6.20M
0.36%
Sole
266.06K
Shared
0.00
None
0.00
BITDEER TECHNOLOGIES GROUP
DFNDShares293.73K
TypeSH
Market value$2.89M
0.17%
Sole
293.73K
Shared
0.00
None
0.00
ADAGENE INC
DFNDShares1.34M
TypeSH
Market value$2.03M
0.12%
Sole
1.34M
Shared
0.00
None
0.00
LYELL IMMUNOPHARMA INC
DFNDShares3.05M
TypeSH
Market value$1.46M
0.09%
Sole
3.05M
Shared
0.00
None
0.00
BARINTHUS BIOTHERAPEUTICS PL
DFNDShares1.42M
TypeSH
Market value$1.16M
0.07%
Sole
1.42M
Shared
0.00
None
0.00
BIT MINING LIMITED
DFNDShares350.43K
TypeSH
Market value$627.3K
0.04%
Sole
350.43K
Shared
0.00
None
0.00
BURNING ROCK BIOTECH LTD
DFNDShares21.21K
TypeSH
Market value$62.4K
<0.01%
Sole
21.21K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCDFND | SPONSORED ADS | 13.60M | SH | $1.37B 80.18% | 13.60M | 0.00 | 0.00 |
FUTU HLDGS LTDDFND | SPON ADS CL A | 1.06M | SH | $93.37M 5.48% | 1.06M | 0.00 | 0.00 |
KE HLDGS INCDFND | ADS | 1.20M | SH | $66.60M 3.91% | 1.20M | 0.00 | 0.00 |
KE HLDGS INCDFND | SPONSORED ADS | 739.02K | SH | $41.02M 2.41% | 739.02K | 0.00 | 0.00 |
DINGDONG CAYMAN LTDDFND | ADS | 11.14M | SH | $29.08M 1.71% | 11.14M | 0.00 | 0.00 |
KANZHUN LIMITEDDFND | SPONSORED ADS | 1.90M | SH | $27.76M 1.63% | 1.90M | 0.00 | 0.00 |
NOAH HLDGS LTDDFND | SPON ADS | 2.99M | SH | $26.45M 1.55% | 2.99M | 0.00 | 0.00 |
ARRIVENT BIOPHARMA INCDFND | COM | 663.31K | SH | $13.98M 0.82% | 663.31K | 0.00 | 0.00 |
51TALK ONLINE EDUCATION GROUDFND | SPONSORED ADR | 667.22K | SH | $10.98M 0.64% | 667.22K | 0.00 | 0.00 |
TH INTERNATIONAL LIMITEDDFND | ORDINARY SHARES | 2.90M | SH | $7.54M 0.44% | 2.90M | 0.00 | 0.00 |
LOTUS TECHNOLOGY INCDFND | SPONSORED ADR | 4.83M | SH | $6.33M 0.37% | 4.83M | 0.00 | 0.00 |
STRUCTURE THERAPEUTICS INCDFND | SPONSORED ADS | 266.06K | SH | $6.20M 0.36% | 266.06K | 0.00 | 0.00 |
BITDEER TECHNOLOGIES GROUPDFND | CL A ORD SHS | 293.73K | SH | $2.89M 0.17% | 293.73K | 0.00 | 0.00 |
ADAGENE INCDFND | ADS | 1.34M | SH | $2.03M 0.12% | 1.34M | 0.00 | 0.00 |
LYELL IMMUNOPHARMA INCDFND | COM | 3.05M | SH | $1.46M 0.09% | 3.05M | 0.00 | 0.00 |
BARINTHUS BIOTHERAPEUTICS PLDFND | ADS | 1.42M | SH | $1.16M 0.07% | 1.42M | 0.00 | 0.00 |
BIT MINING LIMITEDDFND | SPON ADR | 350.43K | SH | $627.3K 0.04% | 350.43K | 0.00 | 0.00 |
BURNING ROCK BIOTECH LTDDFND | ADS | 21.21K | SH | $62.4K <0.01% | 21.21K | 0.00 | 0.00 |