Filed: 8/14/2026ACC: 0001420506-26-001804
📋 What this filing means
YIHENG CAPITAL MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 25 equity positions with a total reported market value of $291.30M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
25
Positions
$291.30M
Total AUM (reported)
19.19M
Total Shares
Allocation by class
SPON ADS$67.11M23.0%
SPONSORED ADS$47.65M16.4%
COM$40.09M13.8%
SPON ADS CL A$36.56M12.6%
SPONS ADS REP Z$35.98M12.4%
SPON ADR$32.13M11.0%
CL A$12.96M4.5%
Portfolio Concentration
Top 3$139.65M47.9%
4–10$98.74M33.9%
11–25$52.91M18.2%
Top 3 weight
47.9%
Top 10 weight
81.8%
Voting Authority Distribution
Total shares with voting rights: 19.19M
Sole
Full voting authority
19.19M
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)
Sole25
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings25
Rows:
NOAH HLDGS LTD
SOLEShares6.72M
TypeSH
Market value$67.11M
23.04%
Sole
6.72M
Shared
0.00
None
0.00
JD.COM INC
SOLEShares598.96K
TypeSH
Market value$36.56M
12.55%
Sole
598.96K
Shared
0.00
None
0.00
BILIBILI INC
SOLEShares1.50M
TypeSH
Market value$35.98M
12.35%
Sole
1.50M
Shared
0.00
None
0.00
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares537.99K
TypeSH
Market value$32.13M
11.03%
Sole
537.99K
Shared
0.00
None
0.00
H WORLD GROUP LTD
SOLEShares323.37K
TypeSH
Market value$13.49M
4.63%
Sole
323.37K
Shared
0.00
None
0.00
HINGE HEALTH INC
SOLEShares156.19K
TypeSH
Market value$12.96M
4.45%
Sole
156.19K
Shared
0.00
None
0.00
SILVACO GROUP INC
SOLEShares906.38K
TypeSH
Market value$12.50M
4.29%
Sole
906.38K
Shared
0.00
None
0.00
ATRENEW INC
SOLEShares3.16M
TypeSH
Market value$12.24M
4.20%
Sole
3.16M
Shared
0.00
None
0.00
BILL HOLDINGS INC
SOLEShares222.82K
TypeSH
Market value$8.06M
2.77%
Sole
222.82K
Shared
0.00
None
0.00
VIRIDIAN THERAPEUTICS INC
SOLEShares400.46K
TypeSH
Market value$7.36M
2.53%
Sole
400.46K
Shared
0.00
None
0.00
KYMERA THERAPEUTICS INC
SOLEShares63.44K
TypeSH
Market value$7.27M
2.50%
Sole
63.44K
Shared
0.00
None
0.00
TAL ED GROUP
SOLEShares759.24K
TypeSH
Market value$7.27M
2.49%
Sole
759.24K
Shared
0.00
None
0.00
JOYY INC
SOLEShares85.58K
TypeSH
Market value$5.65M
1.94%
Sole
85.58K
Shared
0.00
None
0.00
POWER SOLUTIONS INTL INC
SOLEShares133.50K
TypeSH
Market value$5.19M
1.78%
Sole
133.50K
Shared
0.00
None
0.00
PONY AI INC
SOLEShares653.22K
TypeSH
Market value$4.54M
1.56%
Sole
653.22K
Shared
0.00
None
0.00
BIOAGE LABS INC
SOLEShares170.53K
TypeSH
Market value$4.18M
1.43%
Sole
170.53K
Shared
0.00
None
0.00
FULL TRUCK ALLIANCE CO LTD
SOLEShares513.25K
TypeSH
Market value$4.17M
1.43%
Sole
513.25K
Shared
0.00
None
0.00
TRIP COM GROUP LTD
SOLEShares88.11K
TypeSH
Market value$3.51M
1.21%
Sole
88.11K
Shared
0.00
None
0.00
YATSEN HLDG LTD
SOLEShares946.19K
TypeSH
Market value$3.00M
1.03%
Sole
946.19K
Shared
0.00
None
0.00
AGORA INC
SOLEShares725.79K
TypeSH
Market value$2.90M
0.99%
Sole
725.79K
Shared
0.00
None
0.00
DBV TECHNOLOGIES S A
SOLEShares170.14K
TypeSH
Market value$2.79M
0.96%
Sole
170.14K
Shared
0.00
None
0.00
ZEPP HEALTH CORPORATION
SOLEShares220.50K
TypeSH
Market value$1.15M
0.39%
Sole
220.50K
Shared
0.00
None
0.00
BEAM THERAPEUTICS INC
SOLEShares21.13K
TypeSH
Market value$725.0K
0.25%
Sole
21.13K
Shared
0.00
None
0.00
PASSAGE BIO INC
SOLEShares86.10K
TypeSH
Market value$420.2K
0.14%
Sole
86.10K
Shared
0.00
None
0.00
TUNIU CORP
SOLEShares31.44K
TypeSH
Market value$151.9K
0.05%
Sole
31.44K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NOAH HLDGS LTDSOLE | SPON ADS | 6.72M | SH | $67.11M 23.04% | 6.72M | 0.00 | 0.00 |
JD.COM INCSOLE | SPON ADS CL A | 598.96K | SH | $36.56M 12.55% | 598.96K | 0.00 | 0.00 |
BILIBILI INCSOLE | SPONS ADS REP Z | 1.50M | SH | $35.98M 12.35% | 1.50M | 0.00 | 0.00 |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 537.99K | SH | $32.13M 11.03% | 537.99K | 0.00 | 0.00 |
H WORLD GROUP LTDSOLE | SPONSORED ADS | 323.37K | SH | $13.49M 4.63% | 323.37K | 0.00 | 0.00 |
HINGE HEALTH INCSOLE | CL A | 156.19K | SH | $12.96M 4.45% | 156.19K | 0.00 | 0.00 |
SILVACO GROUP INCSOLE | COM | 906.38K | SH | $12.50M 4.29% | 906.38K | 0.00 | 0.00 |
ATRENEW INCSOLE | SPONSORED ADS | 3.16M | SH | $12.24M 4.20% | 3.16M | 0.00 | 0.00 |
BILL HOLDINGS INCSOLE | COM | 222.82K | SH | $8.06M 2.77% | 222.82K | 0.00 | 0.00 |
VIRIDIAN THERAPEUTICS INCSOLE | COM | 400.46K | SH | $7.36M 2.53% | 400.46K | 0.00 | 0.00 |
KYMERA THERAPEUTICS INCSOLE | COM | 63.44K | SH | $7.27M 2.50% | 63.44K | 0.00 | 0.00 |
TAL ED GROUPSOLE | SPONSORED ADS | 759.24K | SH | $7.27M 2.49% | 759.24K | 0.00 | 0.00 |
JOYY INCSOLE | ADS REPSTG COM A | 85.58K | SH | $5.65M 1.94% | 85.58K | 0.00 | 0.00 |
POWER SOLUTIONS INTL INCSOLE | COM NEW | 133.50K | SH | $5.19M 1.78% | 133.50K | 0.00 | 0.00 |
PONY AI INCSOLE | SPONSORED ADS | 653.22K | SH | $4.54M 1.56% | 653.22K | 0.00 | 0.00 |
BIOAGE LABS INCSOLE | COM | 170.53K | SH | $4.18M 1.43% | 170.53K | 0.00 | 0.00 |
FULL TRUCK ALLIANCE CO LTDSOLE | SPONSORED ADS | 513.25K | SH | $4.17M 1.43% | 513.25K | 0.00 | 0.00 |
TRIP COM GROUP LTDSOLE | ADS | 88.11K | SH | $3.51M 1.21% | 88.11K | 0.00 | 0.00 |
YATSEN HLDG LTDSOLE | SPONSORED ADS | 946.19K | SH | $3.00M 1.03% | 946.19K | 0.00 | 0.00 |
AGORA INCSOLE | ADS | 725.79K | SH | $2.90M 0.99% | 725.79K | 0.00 | 0.00 |
DBV TECHNOLOGIES S ASOLE | SPONSORED ADS | 170.14K | SH | $2.79M 0.96% | 170.14K | 0.00 | 0.00 |
ZEPP HEALTH CORPORATIONSOLE | SPONSORED ADR | 220.50K | SH | $1.15M 0.39% | 220.50K | 0.00 | 0.00 |
BEAM THERAPEUTICS INCSOLE | COM | 21.13K | SH | $725.0K 0.25% | 21.13K | 0.00 | 0.00 |
PASSAGE BIO INCSOLE | COM NEW | 86.10K | SH | $420.2K 0.14% | 86.10K | 0.00 | 0.00 |
TUNIU CORPSOLE | SPONSORED ADS | 31.44K | SH | $151.9K 0.05% | 31.44K | 0.00 | 0.00 |