Filed: 2/13/2026ACC: 0001193125-26-051708
📋 What this filing means
HSG HOLDING LTD filed this quarterly 13F‑HR report disclosing 19 equity positions with a total reported market value of $1.89B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
19
Positions
$1.89B
Total AUM (reported)
53.64M
Total Shares
Allocation by class
SPONSORED ADS$1.57B83.0%
SPON ADS CL A$119.94M6.3%
ADS$73.63M3.9%
ORD SHS$55.23M2.9%
COM CL A$22.70M1.2%
SPONSORED ADR$19.49M1.0%
COM$16.72M0.9%
Portfolio Concentration
Top 3$1.46B77.4%
4–10$373.21M19.7%
11–25$54.65M2.9%
Top 3 weight
77.4%
Top 10 weight
97.1%
Voting Authority Distribution
Total shares with voting rights: 53.64M
Sole
Full voting authority
53.64M
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
Other19
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings19
Rows:
PDD HOLDINGS INC
DFNDShares11.35M
TypeSH
Market value$1.20B
63.61%
Sole
11.35M
Shared
0.00
None
0.00
KANZHUN LIMITED
DFNDShares1.90M
TypeSH
Market value$140.69M
7.44%
Sole
1.90M
Shared
0.00
None
0.00
FUTU HLDGS LTD
DFNDShares740.35K
TypeSH
Market value$119.94M
6.34%
Sole
740.35K
Shared
0.00
None
0.00
PONY AI INC
DFNDShares7.54M
TypeSH
Market value$109.31M
5.78%
Sole
7.54M
Shared
0.00
None
0.00
KE HLDGS INC
DFNDShares1.94M
TypeSH
Market value$90.63M
4.79%
Sole
1.94M
Shared
0.00
None
0.00
WEBULL CORP
DFNDShares7.05M
TypeSH
Market value$55.23M
2.92%
Sole
7.05M
Shared
0.00
None
0.00
BARINTHUS BIOTHERAPEUTICS PL
DFNDShares1.42M
TypeSH
Market value$42.22M
2.23%
Sole
1.42M
Shared
0.00
None
0.00
DINGDONG CAYMAN LTD
DFNDShares10.09M
TypeSH
Market value$28.69M
1.52%
Sole
10.09M
Shared
0.00
None
0.00
STRUCTURE THERAPEUTICS INC
DFNDShares266.06K
TypeSH
Market value$24.44M
1.29%
Sole
266.06K
Shared
0.00
None
0.00
CIRCLE INTERNET GROUP INC
DFNDShares312.20K
TypeSH
Market value$22.70M
1.20%
Sole
312.20K
Shared
0.00
None
0.00
ARRIVENT BIOPHARMA INC
DFNDShares663.31K
TypeSH
Market value$16.72M
0.88%
Sole
663.31K
Shared
0.00
None
0.00
51TALK ONLINE EDUCATION GROU
DFNDShares474.90K
TypeSH
Market value$12.20M
0.64%
Sole
474.90K
Shared
0.00
None
0.00
LOTUS TECHNOLOGY INC
DFNDShares4.83M
TypeSH
Market value$7.30M
0.39%
Sole
4.83M
Shared
0.00
None
0.00
TH INTERNATIONAL LIMITED
DFNDShares2.90M
TypeSH
Market value$6.44M
0.34%
Sole
2.90M
Shared
0.00
None
0.00
BITDEER TECHNOLOGIES GROUP
DFNDShares293.73K
TypeSH
Market value$4.12M
0.22%
Sole
293.73K
Shared
0.00
None
0.00
LYELL IMMUNOPHARMA INC
DFNDShares152.30K
TypeSH
Market value$3.94M
0.21%
Sole
152.30K
Shared
0.00
None
0.00
ADAGENE INC
DFNDShares1.34M
TypeSH
Market value$2.73M
0.14%
Sole
1.34M
Shared
0.00
None
0.00
BURNING ROCK BIOTECH LTD
DFNDShares21.21K
TypeSH
Market value$871.0K
0.05%
Sole
21.21K
Shared
0.00
None
0.00
SOLAI LIMITED
DFNDShares350.43K
TypeSH
Market value$343.4K
0.02%
Sole
350.43K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCDFND | SPONSORED ADS | 11.35M | SH | $1.20B 63.61% | 11.35M | 0.00 | 0.00 |
KANZHUN LIMITEDDFND | SPONSORED ADS | 1.90M | SH | $140.69M 7.44% | 1.90M | 0.00 | 0.00 |
FUTU HLDGS LTDDFND | SPON ADS CL A | 740.35K | SH | $119.94M 6.34% | 740.35K | 0.00 | 0.00 |
PONY AI INCDFND | SPONSORED ADS | 7.54M | SH | $109.31M 5.78% | 7.54M | 0.00 | 0.00 |
KE HLDGS INCDFND | SPONSORED ADS | 1.94M | SH | $90.63M 4.79% | 1.94M | 0.00 | 0.00 |
WEBULL CORPDFND | ORD SHS | 7.05M | SH | $55.23M 2.92% | 7.05M | 0.00 | 0.00 |
BARINTHUS BIOTHERAPEUTICS PLDFND | ADS | 1.42M | SH | $42.22M 2.23% | 1.42M | 0.00 | 0.00 |
DINGDONG CAYMAN LTDDFND | ADS | 10.09M | SH | $28.69M 1.52% | 10.09M | 0.00 | 0.00 |
STRUCTURE THERAPEUTICS INCDFND | SPONSORED ADS | 266.06K | SH | $24.44M 1.29% | 266.06K | 0.00 | 0.00 |
CIRCLE INTERNET GROUP INCDFND | COM CL A | 312.20K | SH | $22.70M 1.20% | 312.20K | 0.00 | 0.00 |
ARRIVENT BIOPHARMA INCDFND | COM | 663.31K | SH | $16.72M 0.88% | 663.31K | 0.00 | 0.00 |
51TALK ONLINE EDUCATION GROUDFND | SPONSORED ADR | 474.90K | SH | $12.20M 0.64% | 474.90K | 0.00 | 0.00 |
LOTUS TECHNOLOGY INCDFND | SPONSORED ADR | 4.83M | SH | $7.30M 0.39% | 4.83M | 0.00 | 0.00 |
TH INTERNATIONAL LIMITEDDFND | SHS NEW | 2.90M | SH | $6.44M 0.34% | 2.90M | 0.00 | 0.00 |
BITDEER TECHNOLOGIES GROUPDFND | CL A ORD SHS | 293.73K | SH | $4.12M 0.22% | 293.73K | 0.00 | 0.00 |
LYELL IMMUNOPHARMA INCDFND | COM NEW | 152.30K | SH | $3.94M 0.21% | 152.30K | 0.00 | 0.00 |
ADAGENE INCDFND | ADS | 1.34M | SH | $2.73M 0.14% | 1.34M | 0.00 | 0.00 |
BURNING ROCK BIOTECH LTDDFND | SPONSORED ADS | 21.21K | SH | $871.0K 0.05% | 21.21K | 0.00 | 0.00 |
SOLAI LIMITEDDFND | SPON ADR | 350.43K | SH | $343.4K 0.02% | 350.43K | 0.00 | 0.00 |