Filed: 2/14/2025ACC: 0001802695-25-000003
📋 What this filing means
PERSEVERANCE ASSET MANAGEMENT INTERNATIONAL filed this quarterly 13F‑HR report disclosing 19 equity positions with a total reported market value of $742.02M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
19
Positions
$742.02M
Total AUM (reported)
31.55M
Total Shares
Allocation by class
SPONSORED ADS$490.61M66.1%
COM$82.42M11.1%
CL A$43.91M5.9%
CAP STK CL C$38.09M5.1%
ADS$35.51M4.8%
SPONSORED ADS A$18.75M2.5%
SPON ADS$18.50M2.5%
Portfolio Concentration
Top 3$379.91M51.2%
4–10$265.95M35.8%
11–25$96.15M13.0%
Top 3 weight
51.2%
Top 10 weight
87.0%
Voting Authority Distribution
Total shares with voting rights: 31.55M
Sole
Full voting authority
12.02M
shares
% of voting shares38.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
19.53M
shares
% of voting shares61.9%
Investment Discretion (by position count)
Sole17
Shared0
Other2
Dominant voting typeNone · 61.9% of voting shares
Institutional Holdings19
Rows:
PDD HOLDINGS INC
SOLEShares1.65M
TypeSH
Market value$159.69M
21.52%
Sole
660.07K
Shared
0.00
None
986.35K
H WORLD GROUP LTD
SOLEShares4.09M
TypeSH
Market value$135.01M
18.19%
Sole
1.68M
Shared
0.00
None
2.40M
KE HLDGS INC
SOLEShares4.63M
TypeSH
Market value$85.22M
11.48%
Sole
494.49K
Shared
0.00
None
4.13M
YUM CHINA HLDGS INC
SOLEShares1.54M
TypeSH
Market value$73.99M
9.97%
Sole
71.03K
Shared
0.00
None
1.47M
META PLATFORMS INC
SOLEShares75K
TypeSH
Market value$43.91M
5.92%
Sole
75K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares200K
TypeSH
Market value$38.09M
5.13%
Sole
200K
Shared
0.00
None
0.00
TRIP COM GROUP LTD
SOLEShares517.22K
TypeSH
Market value$35.51M
4.79%
Sole
238.99K
Shared
0.00
None
278.23K
NETEASE INC
SOLEShares338.86K
TypeSH
Market value$30.23M
4.07%
Sole
112.42K
Shared
0.00
None
226.44K
RLX TECHNOLOGY INC
SOLEShares11.50M
TypeSH
Market value$24.85M
3.35%
Sole
6.99M
Shared
0.00
None
4.51M
ATOUR LIFESTYLE HLDGS LTD
SOLEShares720.38K
TypeSH
Market value$19.37M
2.61%
Sole
53.55K
Shared
0.00
None
666.83K
ZTO EXPRESS CAYMAN INC
SOLEShares959.05K
TypeSH
Market value$18.75M
2.53%
Sole
55.10K
Shared
0.00
None
903.95K
TENCENT MUSIC ENTMT GROUP
DFNDShares1.63M
TypeSH
Market value$18.50M
2.49%
Sole
0.00
Shared
0.00
None
1.63M
VISA INC
SOLEShares45K
TypeSH
Market value$14.22M
1.92%
Sole
45K
Shared
0.00
None
0.00
KANZHUN LIMITED
SOLEShares920.82K
TypeSH
Market value$12.71M
1.71%
Sole
583.15K
Shared
0.00
None
337.67K
LI AUTO INC
SOLEShares477.86K
TypeSH
Market value$11.46M
1.54%
Sole
32.49K
Shared
0.00
None
445.37K
MICROSOFT CORP
SOLEShares20K
TypeSH
Market value$8.43M
1.14%
Sole
20K
Shared
0.00
None
0.00
TAL EDUCATION GROUP
SOLEShares700K
TypeSH
Market value$7.01M
0.95%
Sole
700K
Shared
0.00
None
0.00
IQIYI INC
DFNDShares1.54M
TypeSH
Market value$3.09M
0.42%
Sole
0.00
Shared
0.00
None
1.54M
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares10K
TypeSH
Market value$1.97M
0.27%
Sole
10K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCSOLE | SPONSORED ADS | 1.65M | SH | $159.69M 21.52% | 660.07K | 0.00 | 986.35K |
H WORLD GROUP LTDSOLE | SPONSORED ADS | 4.09M | SH | $135.01M 18.19% | 1.68M | 0.00 | 2.40M |
KE HLDGS INCSOLE | SPONSORED ADS | 4.63M | SH | $85.22M 11.48% | 494.49K | 0.00 | 4.13M |
YUM CHINA HLDGS INCSOLE | COM | 1.54M | SH | $73.99M 9.97% | 71.03K | 0.00 | 1.47M |
META PLATFORMS INCSOLE | CL A | 75K | SH | $43.91M 5.92% | 75K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 200K | SH | $38.09M 5.13% | 200K | 0.00 | 0.00 |
TRIP COM GROUP LTDSOLE | ADS | 517.22K | SH | $35.51M 4.79% | 238.99K | 0.00 | 278.23K |
NETEASE INCSOLE | SPONSORED ADS | 338.86K | SH | $30.23M 4.07% | 112.42K | 0.00 | 226.44K |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 11.50M | SH | $24.85M 3.35% | 6.99M | 0.00 | 4.51M |
ATOUR LIFESTYLE HLDGS LTDSOLE | SPONSORED ADS | 720.38K | SH | $19.37M 2.61% | 53.55K | 0.00 | 666.83K |
ZTO EXPRESS CAYMAN INCSOLE | SPONSORED ADS A | 959.05K | SH | $18.75M 2.53% | 55.10K | 0.00 | 903.95K |
TENCENT MUSIC ENTMT GROUPDFND | SPON ADS | 1.63M | SH | $18.50M 2.49% | 0.00 | 0.00 | 1.63M |
VISA INCSOLE | COM CL A | 45K | SH | $14.22M 1.92% | 45K | 0.00 | 0.00 |
KANZHUN LIMITEDSOLE | SPONSORED ADS | 920.82K | SH | $12.71M 1.71% | 583.15K | 0.00 | 337.67K |
LI AUTO INCSOLE | SPONSORED ADS | 477.86K | SH | $11.46M 1.54% | 32.49K | 0.00 | 445.37K |
MICROSOFT CORPSOLE | COM | 20K | SH | $8.43M 1.14% | 20K | 0.00 | 0.00 |
TAL EDUCATION GROUPSOLE | SPONSORED ADS | 700K | SH | $7.01M 0.95% | 700K | 0.00 | 0.00 |
IQIYI INCDFND | SPONSORED ADS | 1.54M | SH | $3.09M 0.42% | 0.00 | 0.00 | 1.54M |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 10K | SH | $1.97M 0.27% | 10K | 0.00 | 0.00 |