Filed: 11/14/2025ACC: 0001802695-25-000012
📋 What this filing means
PERSEVERANCE ASSET MANAGEMENT INTERNATIONAL filed this quarterly 13F‑HR report disclosing 15 equity positions with a total reported market value of $581.97M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
15
Positions
$581.97M
Total AUM (reported)
22.41M
Total Shares
Allocation by class
SPONSORED ADS$449.83M77.3%
CAP STK CL C$73.06M12.6%
COM$31.88M5.5%
COM SHS$18.88M3.2%
20 YR TR BD ETF$5.28M0.9%
SHS SUB VTG$3.03M0.5%
Portfolio Concentration
Top 3$452.70M77.8%
4–10$118.40M20.3%
11–25$10.88M1.9%
Top 3 weight
77.8%
Top 10 weight
98.1%
Voting Authority Distribution
Total shares with voting rights: 22.41M
Sole
Full voting authority
14.73M
shares
% of voting shares65.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
7.68M
shares
% of voting shares34.3%
Investment Discretion (by position count)
Sole13
Shared0
Other2
Dominant voting typeSole · 65.7% of voting shares
Institutional Holdings15
Rows:
H WORLD GROUP LTD
SOLEShares5.20M
TypeSH
Market value$203.42M
34.95%
Sole
2.78M
Shared
0.00
None
2.42M
PDD HOLDINGS INC
SOLEShares1.33M
TypeSH
Market value$176.21M
30.28%
Sole
750.88K
Shared
0.00
None
582.36K
ALPHABET INC
SOLEShares300K
TypeSH
Market value$73.06M
12.55%
Sole
300K
Shared
0.00
None
0.00
YUM CHINA HLDGS INC
DFNDShares714K
TypeSH
Market value$30.64M
5.27%
Sole
0.00
Shared
0.00
None
714K
RLX TECHNOLOGY INC
SOLEShares7.47M
TypeSH
Market value$19.63M
3.37%
Sole
4.55M
Shared
0.00
None
2.92M
AMER SPORTS INC
SOLEShares543.40K
TypeSH
Market value$18.88M
3.24%
Sole
4.29K
Shared
0.00
None
539.12K
NETEASE INC
SOLEShares112K
TypeSH
Market value$17.02M
2.93%
Sole
92K
Shared
0.00
None
20K
IQIYI INC
SOLEShares5.39M
TypeSH
Market value$13.80M
2.37%
Sole
5.30M
Shared
0.00
None
90K
KE HLDGS INC
SOLEShares659.85K
TypeSH
Market value$12.54M
2.15%
Sole
574.85K
Shared
0.00
None
85K
KANZHUN LIMITED
DFNDShares251.64K
TypeSH
Market value$5.88M
1.01%
Sole
0.00
Shared
0.00
None
251.64K
ISHARES TR
SOLEShares59.10K
TypeSH
Market value$5.28M
0.91%
Sole
59.10K
Shared
0.00
None
0.00
CANADA GOOSE HLDGS INC
SOLEShares220K
TypeSH
Market value$3.03M
0.52%
Sole
220K
Shared
0.00
None
0.00
SUMMIT THERAPEUTICS INC
SOLEShares59.74K
TypeSH
Market value$1.23M
0.21%
Sole
5.60K
Shared
0.00
None
54.14K
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares3.14K
TypeSH
Market value$877.3K
0.15%
Sole
3.14K
Shared
0.00
None
0.00
ATRENEW INC
SOLEShares97.85K
TypeSH
Market value$450.1K
0.08%
Sole
97.85K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
H WORLD GROUP LTDSOLE | SPONSORED ADS | 5.20M | SH | $203.42M 34.95% | 2.78M | 0.00 | 2.42M |
PDD HOLDINGS INCSOLE | SPONSORED ADS | 1.33M | SH | $176.21M 30.28% | 750.88K | 0.00 | 582.36K |
ALPHABET INCSOLE | CAP STK CL C | 300K | SH | $73.06M 12.55% | 300K | 0.00 | 0.00 |
YUM CHINA HLDGS INCDFND | COM | 714K | SH | $30.64M 5.27% | 0.00 | 0.00 | 714K |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 7.47M | SH | $19.63M 3.37% | 4.55M | 0.00 | 2.92M |
AMER SPORTS INCSOLE | COM SHS | 543.40K | SH | $18.88M 3.24% | 4.29K | 0.00 | 539.12K |
NETEASE INCSOLE | SPONSORED ADS | 112K | SH | $17.02M 2.93% | 92K | 0.00 | 20K |
IQIYI INCSOLE | SPONSORED ADS | 5.39M | SH | $13.80M 2.37% | 5.30M | 0.00 | 90K |
KE HLDGS INCSOLE | SPONSORED ADS | 659.85K | SH | $12.54M 2.15% | 574.85K | 0.00 | 85K |
KANZHUN LIMITEDDFND | SPONSORED ADS | 251.64K | SH | $5.88M 1.01% | 0.00 | 0.00 | 251.64K |
ISHARES TRSOLE | 20 YR TR BD ETF | 59.10K | SH | $5.28M 0.91% | 59.10K | 0.00 | 0.00 |
CANADA GOOSE HLDGS INCSOLE | SHS SUB VTG | 220K | SH | $3.03M 0.52% | 220K | 0.00 | 0.00 |
SUMMIT THERAPEUTICS INCSOLE | COM | 59.74K | SH | $1.23M 0.21% | 5.60K | 0.00 | 54.14K |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 3.14K | SH | $877.3K 0.15% | 3.14K | 0.00 | 0.00 |
ATRENEW INCSOLE | SPONSORED ADS | 97.85K | SH | $450.1K 0.08% | 97.85K | 0.00 | 0.00 |