Filed: 5/15/2026ACC: 0001193125-26-226714
📋 What this filing means
HSG HOLDING LTD filed this quarterly 13F‑HR report disclosing 20 equity positions with a total reported market value of $1.62B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
20
Positions
$1.62B
Total AUM (reported)
57.44M
Total Shares
Allocation by class
SPONSORED ADS$1.38B85.3%
SPON ADS CL A$65.36M4.0%
ORD SHS$55.23M3.4%
COM CL A$48.65M3.0%
ADS$29.53M1.8%
SPONSORED ADR$14.15M0.9%
COM$13.98M0.9%
Portfolio Concentration
Top 3$1.35B83.2%
4–10$245.14M15.1%
11–25$27.47M1.7%
Top 3 weight
83.2%
Top 10 weight
98.3%
Voting Authority Distribution
Total shares with voting rights: 57.44M
Sole
Full voting authority
57.44M
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
Other20
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings20
Rows:
PDD HOLDINGS INC
DFNDShares11.35M
TypeSH
Market value$1.14B
70.35%
Sole
11.35M
Shared
0.00
None
0.00
KE HLDGS INC
DFNDShares1.94M
TypeSH
Market value$107.62M
6.64%
Sole
1.94M
Shared
0.00
None
0.00
PONY AI INC
DFNDShares7.54M
TypeSH
Market value$100.11M
6.18%
Sole
7.54M
Shared
0.00
None
0.00
FUTU HLDGS LTD
DFNDShares740.35K
TypeSH
Market value$65.36M
4.03%
Sole
740.35K
Shared
0.00
None
0.00
WEBULL CORP
DFNDShares7.05M
TypeSH
Market value$55.23M
3.41%
Sole
7.05M
Shared
0.00
None
0.00
CIRCLE INTERNET GROUP INC
DFNDShares669.20K
TypeSH
Market value$48.65M
3.00%
Sole
669.20K
Shared
0.00
None
0.00
KANZHUN LIMITED
DFNDShares1.90M
TypeSH
Market value$27.76M
1.71%
Sole
1.90M
Shared
0.00
None
0.00
DINGDONG CAYMAN LTD
DFNDShares10.09M
TypeSH
Market value$26.34M
1.63%
Sole
10.09M
Shared
0.00
None
0.00
ARRIVENT BIOPHARMA INC
DFNDShares663.31K
TypeSH
Market value$13.98M
0.86%
Sole
663.31K
Shared
0.00
None
0.00
51TALK ONLINE EDUCATION GROU
DFNDShares474.90K
TypeSH
Market value$7.82M
0.48%
Sole
474.90K
Shared
0.00
None
0.00
TH INTERNATIONAL LIMITED
DFNDShares2.90M
TypeSH
Market value$7.54M
0.47%
Sole
2.90M
Shared
0.00
None
0.00
LOTUS TECHNOLOGY INC
DFNDShares4.83M
TypeSH
Market value$6.33M
0.39%
Sole
4.83M
Shared
0.00
None
0.00
STRUCTURE THERAPEUTICS INC
DFNDShares266.06K
TypeSH
Market value$6.20M
0.38%
Sole
266.06K
Shared
0.00
None
0.00
BITDEER TECHNOLOGIES GROUP
DFNDShares293.73K
TypeSH
Market value$2.89M
0.18%
Sole
293.73K
Shared
0.00
None
0.00
ADAGENE INC
DFNDShares1.34M
TypeSH
Market value$2.03M
0.13%
Sole
1.34M
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
SOLAI LIMITED
DFNDShares350.43K
TypeSH
Market value$627.3K
0.04%
Sole
350.43K
Shared
0.00
None
0.00
YIMUTIAN INC
DFNDShares3.44M
TypeSH
Market value$543.8K
0.03%
Sole
3.44M
Shared
0.00
None
0.00
LYELL IMMUNOPHARMA INC
DFNDShares152.30K
TypeSH
Market value$73.1K
<0.01%
Sole
152.30K
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 | 11.35M | SH | $1.14B 70.35% | 11.35M | 0.00 | 0.00 |
KE HLDGS INCDFND | SPONSORED ADS | 1.94M | SH | $107.62M 6.64% | 1.94M | 0.00 | 0.00 |
PONY AI INCDFND | SPONSORED ADS | 7.54M | SH | $100.11M 6.18% | 7.54M | 0.00 | 0.00 |
FUTU HLDGS LTDDFND | SPON ADS CL A | 740.35K | SH | $65.36M 4.03% | 740.35K | 0.00 | 0.00 |
WEBULL CORPDFND | ORD SHS | 7.05M | SH | $55.23M 3.41% | 7.05M | 0.00 | 0.00 |
CIRCLE INTERNET GROUP INCDFND | COM CL A | 669.20K | SH | $48.65M 3.00% | 669.20K | 0.00 | 0.00 |
KANZHUN LIMITEDDFND | SPONSORED ADS | 1.90M | SH | $27.76M 1.71% | 1.90M | 0.00 | 0.00 |
DINGDONG CAYMAN LTDDFND | ADS | 10.09M | SH | $26.34M 1.63% | 10.09M | 0.00 | 0.00 |
ARRIVENT BIOPHARMA INCDFND | COM | 663.31K | SH | $13.98M 0.86% | 663.31K | 0.00 | 0.00 |
51TALK ONLINE EDUCATION GROUDFND | SPONSORED ADR | 474.90K | SH | $7.82M 0.48% | 474.90K | 0.00 | 0.00 |
TH INTERNATIONAL LIMITEDDFND | SHS NEW | 2.90M | SH | $7.54M 0.47% | 2.90M | 0.00 | 0.00 |
LOTUS TECHNOLOGY INCDFND | SPONSORED ADR | 4.83M | SH | $6.33M 0.39% | 4.83M | 0.00 | 0.00 |
STRUCTURE THERAPEUTICS INCDFND | SPONSORED ADS | 266.06K | SH | $6.20M 0.38% | 266.06K | 0.00 | 0.00 |
BITDEER TECHNOLOGIES GROUPDFND | CL A ORD SHS | 293.73K | SH | $2.89M 0.18% | 293.73K | 0.00 | 0.00 |
ADAGENE INCDFND | ADS | 1.34M | SH | $2.03M 0.13% | 1.34M | 0.00 | 0.00 |
BARINTHUS BIOTHERAPEUTICS PLDFND | ADS | 1.42M | SH | $1.16M 0.07% | 1.42M | 0.00 | 0.00 |
SOLAI LIMITEDDFND | SPON ADR | 350.43K | SH | $627.3K 0.04% | 350.43K | 0.00 | 0.00 |
YIMUTIAN INCDFND | SPONSORED ADS | 3.44M | SH | $543.8K 0.03% | 3.44M | 0.00 | 0.00 |
LYELL IMMUNOPHARMA INCDFND | COM NEW | 152.30K | SH | $73.1K <0.01% | 152.30K | 0.00 | 0.00 |
BURNING ROCK BIOTECH LTDDFND | SPONSORED ADS | 21.21K | SH | $62.4K <0.01% | 21.21K | 0.00 | 0.00 |