Filed: 8/13/2026ACC: 0001193125-26-348168
📋 What this filing means
HSG HOLDING LTD filed this quarterly 13F‑HR report disclosing 20 equity positions with a total reported market value of $1.20B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
20
Positions
$1.20B
Total AUM (reported)
50.93M
Total Shares
Allocation by class
SPONSORED ADS$985.26M82.3%
SPON ADS CL A$69.40M5.8%
COM$47.76M4.0%
COM CL A$41.91M3.5%
ADS$26.06M2.2%
SPONSORED ADR$13.23M1.1%
SHS NEW$5.54M0.5%
Portfolio Concentration
Top 3$987.45M82.5%
4–10$176.05M14.7%
11–25$33.58M2.8%
Top 3 weight
82.5%
Top 10 weight
97.2%
Voting Authority Distribution
Total shares with voting rights: 50.93M
Sole
Full voting authority
50.93M
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$865.66M
72.31%
Sole
11.35M
Shared
0.00
None
0.00
FUTU HLDGS LTD
DFNDShares740.35K
TypeSH
Market value$69.40M
5.80%
Sole
740.35K
Shared
0.00
None
0.00
PONY AI INC
DFNDShares7.54M
TypeSH
Market value$52.39M
4.38%
Sole
7.54M
Shared
0.00
None
0.00
CIRCLE INTERNET GROUP INC
DFNDShares669.20K
TypeSH
Market value$41.91M
3.50%
Sole
669.20K
Shared
0.00
None
0.00
KE HLDGS INC
DFNDShares1.94M
TypeSH
Market value$28.17M
2.35%
Sole
1.94M
Shared
0.00
None
0.00
GYRE THERAPEUTICS INC
DFNDShares3.75M
TypeSH
Market value$24.71M
2.06%
Sole
3.75M
Shared
0.00
None
0.00
KANZHUN LIMITED
DFNDShares1.90M
TypeSH
Market value$24.45M
2.04%
Sole
1.90M
Shared
0.00
None
0.00
ARRIVENT BIOPHARMA INC
DFNDShares663.31K
TypeSH
Market value$23.04M
1.92%
Sole
663.31K
Shared
0.00
None
0.00
DINGDONG CAYMAN LTD
DFNDShares10.09M
TypeSH
Market value$19.48M
1.63%
Sole
10.09M
Shared
0.00
None
0.00
STRUCTURE THERAPEUTICS INC
DFNDShares266.06K
TypeSH
Market value$14.28M
1.19%
Sole
266.06K
Shared
0.00
None
0.00
51TALK ONLINE EDUCATION GROU
DFNDShares474.90K
TypeSH
Market value$7.57M
0.63%
Sole
474.90K
Shared
0.00
None
0.00
LOTUS TECHNOLOGY INC
DFNDShares4.83M
TypeSH
Market value$5.66M
0.47%
Sole
4.83M
Shared
0.00
None
0.00
ADAGENE INC
DFNDShares1.34M
TypeSH
Market value$5.64M
0.47%
Sole
1.34M
Shared
0.00
None
0.00
TH INTERNATIONAL LIMITED
DFNDShares2.90M
TypeSH
Market value$5.54M
0.46%
Sole
2.90M
Shared
0.00
None
0.00
BITDEER TECHNOLOGIES GROUP
DFNDShares293.73K
TypeSH
Market value$4.66M
0.39%
Sole
293.73K
Shared
0.00
None
0.00
LYELL IMMUNOPHARMA INC
DFNDShares152.30K
TypeSH
Market value$2.14M
0.18%
Sole
152.30K
Shared
0.00
None
0.00
SOLAI LIMITED
DFNDShares350.43K
TypeSH
Market value$1.12M
0.09%
Sole
350.43K
Shared
0.00
None
0.00
BARINTHUS BIOTHERAPEUTICS PL
DFNDShares1.42M
TypeSH
Market value$937.5K
0.08%
Sole
1.42M
Shared
0.00
None
0.00
BURNING ROCK BIOTECH LTD
DFNDShares21.21K
TypeSH
Market value$177.5K
0.01%
Sole
21.21K
Shared
0.00
None
0.00
YIMUTIAN INC
DFNDShares229.47K
TypeSH
Market value$121.6K
0.01%
Sole
229.47K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCDFND | SPONSORED ADS | 11.35M | SH | $865.66M 72.31% | 11.35M | 0.00 | 0.00 |
FUTU HLDGS LTDDFND | SPON ADS CL A | 740.35K | SH | $69.40M 5.80% | 740.35K | 0.00 | 0.00 |
PONY AI INCDFND | SPONSORED ADS | 7.54M | SH | $52.39M 4.38% | 7.54M | 0.00 | 0.00 |
CIRCLE INTERNET GROUP INCDFND | COM CL A | 669.20K | SH | $41.91M 3.50% | 669.20K | 0.00 | 0.00 |
KE HLDGS INCDFND | SPONSORED ADS | 1.94M | SH | $28.17M 2.35% | 1.94M | 0.00 | 0.00 |
GYRE THERAPEUTICS INCDFND | COM | 3.75M | SH | $24.71M 2.06% | 3.75M | 0.00 | 0.00 |
KANZHUN LIMITEDDFND | SPONSORED ADS | 1.90M | SH | $24.45M 2.04% | 1.90M | 0.00 | 0.00 |
ARRIVENT BIOPHARMA INCDFND | COM | 663.31K | SH | $23.04M 1.92% | 663.31K | 0.00 | 0.00 |
DINGDONG CAYMAN LTDDFND | ADS | 10.09M | SH | $19.48M 1.63% | 10.09M | 0.00 | 0.00 |
STRUCTURE THERAPEUTICS INCDFND | SPONSORED ADS | 266.06K | SH | $14.28M 1.19% | 266.06K | 0.00 | 0.00 |
51TALK ONLINE EDUCATION GROUDFND | SPONSORED ADR | 474.90K | SH | $7.57M 0.63% | 474.90K | 0.00 | 0.00 |
LOTUS TECHNOLOGY INCDFND | SPONSORED ADR | 4.83M | SH | $5.66M 0.47% | 4.83M | 0.00 | 0.00 |
ADAGENE INCDFND | ADS | 1.34M | SH | $5.64M 0.47% | 1.34M | 0.00 | 0.00 |
TH INTERNATIONAL LIMITEDDFND | SHS NEW | 2.90M | SH | $5.54M 0.46% | 2.90M | 0.00 | 0.00 |
BITDEER TECHNOLOGIES GROUPDFND | CL A ORD SHS | 293.73K | SH | $4.66M 0.39% | 293.73K | 0.00 | 0.00 |
LYELL IMMUNOPHARMA INCDFND | COM NEW | 152.30K | SH | $2.14M 0.18% | 152.30K | 0.00 | 0.00 |
SOLAI LIMITEDDFND | SPON ADR | 350.43K | SH | $1.12M 0.09% | 350.43K | 0.00 | 0.00 |
BARINTHUS BIOTHERAPEUTICS PLDFND | ADS | 1.42M | SH | $937.5K 0.08% | 1.42M | 0.00 | 0.00 |
BURNING ROCK BIOTECH LTDDFND | SPONSORED ADS | 21.21K | SH | $177.5K 0.01% | 21.21K | 0.00 | 0.00 |
YIMUTIAN INCDFND | SPONSORED ADS | 229.47K | SH | $121.6K 0.01% | 229.47K | 0.00 | 0.00 |