Filed: 5/14/2025ACC: 0001802695-25-000004
📋 What this filing means
PERSEVERANCE ASSET MANAGEMENT INTERNATIONAL filed this quarterly 13F‑HR report disclosing 22 equity positions with a total reported market value of $765.51M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
22
Positions
$765.51M
Total AUM (reported)
30.03M
Total Shares
Allocation by class
SPONSORED ADS$579.43M75.7%
COM$62.84M8.2%
ADS$33.65M4.4%
SPON ADS$23.49M3.1%
SPONSORED ADS A$17.93M2.3%
COM CL A$15.77M2.1%
CAP STK CL C$15.62M2.0%
Portfolio Concentration
Top 3$459.17M60.0%
4–10$218.37M28.5%
11–25$87.97M11.5%
Top 3 weight
60.0%
Top 10 weight
88.5%
Voting Authority Distribution
Total shares with voting rights: 30.03M
Sole
Full voting authority
12.57M
shares
% of voting shares41.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
17.45M
shares
% of voting shares58.1%
Investment Discretion (by position count)
Sole18
Shared0
Other4
Dominant voting typeNone · 58.1% of voting shares
Institutional Holdings22
Rows:
H WORLD GROUP LTD
SOLEShares5.41M
TypeSH
Market value$200.10M
26.14%
Sole
2.86M
Shared
0.00
None
2.55M
PDD HOLDINGS INC
SOLEShares1.51M
TypeSH
Market value$179.15M
23.40%
Sole
623.34K
Shared
0.00
None
890.42K
KE HLDGS INC
SOLEShares3.98M
TypeSH
Market value$79.92M
10.44%
Sole
617.29K
Shared
0.00
None
3.36M
YUM CHINA HLDGS INC
SOLEShares1.10M
TypeSH
Market value$57.32M
7.49%
Sole
44.24K
Shared
0.00
None
1.06M
KANZHUN LIMITED
SOLEShares2.52M
TypeSH
Market value$48.29M
6.31%
Sole
479.77K
Shared
0.00
None
2.04M
TRIP COM GROUP LTD
SOLEShares529.28K
TypeSH
Market value$33.65M
4.40%
Sole
238.99K
Shared
0.00
None
290.29K
TENCENT MUSIC ENTMT GROUP
DFNDShares1.63M
TypeSH
Market value$23.49M
3.07%
Sole
0.00
Shared
0.00
None
1.63M
NETEASE INC
SOLEShares206.35K
TypeSH
Market value$21.24M
2.77%
Sole
88.58K
Shared
0.00
None
117.77K
ZTO EXPRESS CAYMAN INC
DFNDShares903.95K
TypeSH
Market value$17.93M
2.34%
Sole
0.00
Shared
0.00
None
903.95K
RLX TECHNOLOGY INC
SOLEShares8.75M
TypeSH
Market value$16.44M
2.15%
Sole
5.21M
Shared
0.00
None
3.53M
VISA INC
SOLEShares45K
TypeSH
Market value$15.77M
2.06%
Sole
45K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares100K
TypeSH
Market value$15.62M
2.04%
Sole
100K
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares82K
TypeSH
Market value$13.61M
1.78%
Sole
82K
Shared
0.00
None
0.00
LI AUTO INC
DFNDShares389.79K
TypeSH
Market value$9.82M
1.28%
Sole
0.00
Shared
0.00
None
389.79K
META PLATFORMS INC
SOLEShares15K
TypeSH
Market value$8.65M
1.13%
Sole
15K
Shared
0.00
None
0.00
TAL EDUCATION GROUP
SOLEShares499.69K
TypeSH
Market value$6.60M
0.86%
Sole
238.30K
Shared
0.00
None
261.39K
IQIYI INC
SOLEShares1.88M
TypeSH
Market value$4.25M
0.56%
Sole
1.64M
Shared
0.00
None
240K
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares83.83K
TypeSH
Market value$4.01M
0.52%
Sole
58.78K
Shared
0.00
None
25.06K
MICROSOFT CORP
SOLEShares10K
TypeSH
Market value$3.75M
0.49%
Sole
10K
Shared
0.00
None
0.00
AMER SPORTS INC
DFNDShares94.74K
TypeSH
Market value$2.53M
0.33%
Sole
0.00
Shared
0.00
None
94.74K
SUMMIT THERAPEUTICS INC
SOLEShares91.36K
TypeSH
Market value$1.76M
0.23%
Sole
19.77K
Shared
0.00
None
71.59K
CANADA GOOSE HLDGS INC
SOLEShares200K
TypeSH
Market value$1.59M
0.21%
Sole
200K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
H WORLD GROUP LTDSOLE | SPONSORED ADS | 5.41M | SH | $200.10M 26.14% | 2.86M | 0.00 | 2.55M |
PDD HOLDINGS INCSOLE | SPONSORED ADS | 1.51M | SH | $179.15M 23.40% | 623.34K | 0.00 | 890.42K |
KE HLDGS INCSOLE | SPONSORED ADS | 3.98M | SH | $79.92M 10.44% | 617.29K | 0.00 | 3.36M |
YUM CHINA HLDGS INCSOLE | COM | 1.10M | SH | $57.32M 7.49% | 44.24K | 0.00 | 1.06M |
KANZHUN LIMITEDSOLE | SPONSORED ADS | 2.52M | SH | $48.29M 6.31% | 479.77K | 0.00 | 2.04M |
TRIP COM GROUP LTDSOLE | ADS | 529.28K | SH | $33.65M 4.40% | 238.99K | 0.00 | 290.29K |
TENCENT MUSIC ENTMT GROUPDFND | SPON ADS | 1.63M | SH | $23.49M 3.07% | 0.00 | 0.00 | 1.63M |
NETEASE INCSOLE | SPONSORED ADS | 206.35K | SH | $21.24M 2.77% | 88.58K | 0.00 | 117.77K |
ZTO EXPRESS CAYMAN INCDFND | SPONSORED ADS A | 903.95K | SH | $17.93M 2.34% | 0.00 | 0.00 | 903.95K |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 8.75M | SH | $16.44M 2.15% | 5.21M | 0.00 | 3.53M |
VISA INCSOLE | COM CL A | 45K | SH | $15.77M 2.06% | 45K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 100K | SH | $15.62M 2.04% | 100K | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 82K | SH | $13.61M 1.78% | 82K | 0.00 | 0.00 |
LI AUTO INCDFND | SPONSORED ADS | 389.79K | SH | $9.82M 1.28% | 0.00 | 0.00 | 389.79K |
META PLATFORMS INCSOLE | CL A | 15K | SH | $8.65M 1.13% | 15K | 0.00 | 0.00 |
TAL EDUCATION GROUPSOLE | SPONSORED ADS | 499.69K | SH | $6.60M 0.86% | 238.30K | 0.00 | 261.39K |
IQIYI INCSOLE | SPONSORED ADS | 1.88M | SH | $4.25M 0.56% | 1.64M | 0.00 | 240K |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 83.83K | SH | $4.01M 0.52% | 58.78K | 0.00 | 25.06K |
MICROSOFT CORPSOLE | COM | 10K | SH | $3.75M 0.49% | 10K | 0.00 | 0.00 |
AMER SPORTS INCDFND | COM SHS | 94.74K | SH | $2.53M 0.33% | 0.00 | 0.00 | 94.74K |
SUMMIT THERAPEUTICS INCSOLE | COM | 91.36K | SH | $1.76M 0.23% | 19.77K | 0.00 | 71.59K |
CANADA GOOSE HLDGS INCSOLE | SHS SUB VTG | 200K | SH | $1.59M 0.21% | 200K | 0.00 | 0.00 |