Filed: 2/12/2026ACC: 0001802695-26-000001
📋 What this filing means
PERSEVERANCE ASSET MANAGEMENT INTERNATIONAL filed this quarterly 13F‑HR report disclosing 13 equity positions with a total reported market value of $682.55M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
13
Positions
$682.55M
Total AUM (reported)
25.57M
Total Shares
Allocation by class
SPONSORED ADS$546.32M80.0%
CAP STK CL C$94.14M13.8%
COM$34.09M5.0%
20 YR TR BD ETF$5.15M0.8%
ADS$2.85M0.4%
Portfolio Concentration
Top 3$559.98M82.0%
4–10$112.53M16.5%
11–25$10.04M1.5%
Top 3 weight
82.0%
Top 10 weight
98.5%
Voting Authority Distribution
Total shares with voting rights: 25.57M
Sole
Full voting authority
18.09M
shares
% of voting shares70.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
7.48M
shares
% of voting shares29.3%
Investment Discretion (by position count)
Sole11
Shared0
Other2
Dominant voting typeSole · 70.7% of voting shares
Institutional Holdings13
Rows:
H WORLD GROUP LTD
SOLEShares5.17M
TypeSH
Market value$243.36M
35.65%
Sole
2.75M
Shared
0.00
None
2.42M
PDD HOLDINGS INC
SOLEShares1.96M
TypeSH
Market value$222.48M
32.60%
Sole
934.72K
Shared
0.00
None
1.03M
ALPHABET INC
SOLEShares300K
TypeSH
Market value$94.14M
13.79%
Sole
300K
Shared
0.00
None
0.00
YUM CHINA HLDGS INC
DFNDShares714K
TypeSH
Market value$34.09M
4.99%
Sole
0.00
Shared
0.00
None
714K
KE HLDGS INC
SOLEShares1.16M
TypeSH
Market value$18.21M
2.67%
Sole
1.04M
Shared
0.00
None
113.39K
RLX TECHNOLOGY INC
SOLEShares7.79M
TypeSH
Market value$18.15M
2.66%
Sole
4.87M
Shared
0.00
None
2.92M
NETEASE INC
SOLEShares110K
TypeSH
Market value$15.14M
2.22%
Sole
90K
Shared
0.00
None
20K
IQIYI INC
SOLEShares6.80M
TypeSH
Market value$13.06M
1.91%
Sole
6.80M
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares28.73K
TypeSH
Market value$8.73M
1.28%
Sole
19.39K
Shared
0.00
None
9.35K
ISHARES TR
SOLEShares59.10K
TypeSH
Market value$5.15M
0.75%
Sole
59.10K
Shared
0.00
None
0.00
KANZHUN LIMITED
DFNDShares251.64K
TypeSH
Market value$5.13M
0.75%
Sole
0.00
Shared
0.00
None
251.64K
AGORA INC
SOLEShares700K
TypeSH
Market value$2.85M
0.42%
Sole
700K
Shared
0.00
None
0.00
YATSEN HLDG LTD
SOLEShares529.99K
TypeSH
Market value$2.06M
0.30%
Sole
529.99K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
H WORLD GROUP LTDSOLE | SPONSORED ADS | 5.17M | SH | $243.36M 35.65% | 2.75M | 0.00 | 2.42M |
PDD HOLDINGS INCSOLE | SPONSORED ADS | 1.96M | SH | $222.48M 32.60% | 934.72K | 0.00 | 1.03M |
ALPHABET INCSOLE | CAP STK CL C | 300K | SH | $94.14M 13.79% | 300K | 0.00 | 0.00 |
YUM CHINA HLDGS INCDFND | COM | 714K | SH | $34.09M 4.99% | 0.00 | 0.00 | 714K |
KE HLDGS INCSOLE | SPONSORED ADS | 1.16M | SH | $18.21M 2.67% | 1.04M | 0.00 | 113.39K |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 7.79M | SH | $18.15M 2.66% | 4.87M | 0.00 | 2.92M |
NETEASE INCSOLE | SPONSORED ADS | 110K | SH | $15.14M 2.22% | 90K | 0.00 | 20K |
IQIYI INCSOLE | SPONSORED ADS | 6.80M | SH | $13.06M 1.91% | 6.80M | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 28.73K | SH | $8.73M 1.28% | 19.39K | 0.00 | 9.35K |
ISHARES TRSOLE | 20 YR TR BD ETF | 59.10K | SH | $5.15M 0.75% | 59.10K | 0.00 | 0.00 |
KANZHUN LIMITEDDFND | SPONSORED ADS | 251.64K | SH | $5.13M 0.75% | 0.00 | 0.00 | 251.64K |
AGORA INCSOLE | ADS | 700K | SH | $2.85M 0.42% | 700K | 0.00 | 0.00 |
YATSEN HLDG LTDSOLE | SPONSORED ADS | 529.99K | SH | $2.06M 0.30% | 529.99K | 0.00 | 0.00 |