Filed: 5/15/2025ACC: 0001941040-25-000311
📋 What this filing means
YIHENG CAPITAL MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 22 equity positions with a total reported market value of $1.53B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
22
Positions
$1.53B
Total AUM (reported)
146.85M
Total Shares
Allocation by class
COM$574.43M37.5%
SPON ADS CL A$540.97M35.3%
SPONS ADS REP Z$253.25M16.5%
SPON ADS$63.50M4.1%
SPONSORED ADS$42.57M2.8%
SPON ADR$28.59M1.9%
CL A$16.46M1.1%
Portfolio Concentration
Top 3$1.26B81.9%
4–10$236.64M15.4%
11–25$40.26M2.6%
Top 3 weight
81.9%
Top 10 weight
97.4%
Voting Authority Distribution
Total shares with voting rights: 123.39M
Sole
Full voting authority
123.39M
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)
Sole22
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings22
Rows:
JD.COM INC
SOLEShares13.16M
TypeSH
Market value$540.97M
35.29%
Sole
564.11K
Shared
0.00
None
0.00
SILVACO GROUP INC
SOLEShares101.23M
TypeSH
Market value$461.62M
30.12%
Sole
101.23M
Shared
0.00
None
0.00
BILIBILI INC
SOLEShares13.25M
TypeSH
Market value$253.25M
16.52%
Sole
3.14M
Shared
0.00
None
0.00
NOAH HLDGS LTD
SOLEShares6.72M
TypeSH
Market value$63.50M
4.14%
Sole
6.72M
Shared
0.00
None
0.00
ASTERA LABS INC
SOLEShares836.30K
TypeSH
Market value$49.90M
3.26%
Sole
836.30K
Shared
0.00
None
0.00
AKERO THERAPEUTICS INC
SOLEShares1.11M
TypeSH
Market value$44.99M
2.93%
Sole
359.79K
Shared
0.00
None
0.00
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares598.08K
TypeSH
Market value$28.59M
1.87%
Sole
598.08K
Shared
0.00
None
0.00
H WORLD GROUP LTD
SOLEShares645.66K
TypeSH
Market value$23.90M
1.56%
Sole
645.66K
Shared
0.00
None
0.00
ROBLOX CORP
SOLEShares282.34K
TypeSH
Market value$16.46M
1.07%
Sole
282.34K
Shared
0.00
None
0.00
ATRENEW INC
SOLEShares3.16M
TypeSH
Market value$9.30M
0.61%
Sole
3.16M
Shared
0.00
None
0.00
VIRIDIAN THERAPEUTICS INC
SOLEShares500.26K
TypeSH
Market value$6.74M
0.44%
Sole
500.26K
Shared
0.00
None
0.00
ACM RESH INC
SOLEShares280.20K
TypeSH
Market value$6.54M
0.43%
Sole
280.20K
Shared
0.00
None
0.00
DENALI THERAPEUTICS INC
SOLEShares469.98K
TypeSH
Market value$6.39M
0.42%
Sole
469.98K
Shared
0.00
None
0.00
INVENTIVA SA
SOLEShares2.64M
TypeSH
Market value$5.66M
0.37%
Sole
2.64M
Shared
0.00
None
0.00
DBV TECHNOLOGIES S A
SOLEShares656.31K
TypeSH
Market value$4.48M
0.29%
Sole
656.31K
Shared
0.00
None
0.00
TAL EDUCATION GROUP
SOLEShares309.24K
TypeSH
Market value$4.09M
0.27%
Sole
309.24K
Shared
0.00
None
0.00
KYMERA THERAPEUTICS INC
SOLEShares122.61K
TypeSH
Market value$3.36M
0.22%
Sole
122.61K
Shared
0.00
None
0.00
BEAM THERAPEUTICS INC
SOLEShares69.06K
TypeSH
Market value$1.35M
0.09%
Sole
69.06K
Shared
0.00
None
0.00
AGORA INC
SOLEShares192.58K
TypeSH
Market value$774.2K
0.05%
Sole
192.58K
Shared
0.00
None
0.00
YATSEN HLDG LTD
SOLEShares96.33K
TypeSH
Market value$463.3K
0.03%
Sole
96.33K
Shared
0.00
None
0.00
TUNIU CORP
SOLEShares314.44K
TypeSH
Market value$345.9K
0.02%
Sole
314.44K
Shared
0.00
None
0.00
GENERATION BIO CO
SOLEShares191.53K
TypeSH
Market value$77.6K
<0.01%
Sole
191.53K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
JD.COM INCSOLE | SPON ADS CL A | 13.16M | SH | $540.97M 35.29% | 564.11K | 0.00 | 0.00 |
SILVACO GROUP INCSOLE | COM | 101.23M | SH | $461.62M 30.12% | 101.23M | 0.00 | 0.00 |
BILIBILI INCSOLE | SPONS ADS REP Z | 13.25M | SH | $253.25M 16.52% | 3.14M | 0.00 | 0.00 |
NOAH HLDGS LTDSOLE | SPON ADS | 6.72M | SH | $63.50M 4.14% | 6.72M | 0.00 | 0.00 |
ASTERA LABS INCSOLE | COM | 836.30K | SH | $49.90M 3.26% | 836.30K | 0.00 | 0.00 |
AKERO THERAPEUTICS INCSOLE | COM | 1.11M | SH | $44.99M 2.93% | 359.79K | 0.00 | 0.00 |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 598.08K | SH | $28.59M 1.87% | 598.08K | 0.00 | 0.00 |
H WORLD GROUP LTDSOLE | SPONSORED ADS | 645.66K | SH | $23.90M 1.56% | 645.66K | 0.00 | 0.00 |
ROBLOX CORPSOLE | CL A | 282.34K | SH | $16.46M 1.07% | 282.34K | 0.00 | 0.00 |
ATRENEW INCSOLE | SPONSORED ADS | 3.16M | SH | $9.30M 0.61% | 3.16M | 0.00 | 0.00 |
VIRIDIAN THERAPEUTICS INCSOLE | COM | 500.26K | SH | $6.74M 0.44% | 500.26K | 0.00 | 0.00 |
ACM RESH INCSOLE | COM CL A | 280.20K | SH | $6.54M 0.43% | 280.20K | 0.00 | 0.00 |
DENALI THERAPEUTICS INCSOLE | COM | 469.98K | SH | $6.39M 0.42% | 469.98K | 0.00 | 0.00 |
INVENTIVA SASOLE | ADS | 2.64M | SH | $5.66M 0.37% | 2.64M | 0.00 | 0.00 |
DBV TECHNOLOGIES S ASOLE | SPONSORED ADS | 656.31K | SH | $4.48M 0.29% | 656.31K | 0.00 | 0.00 |
TAL EDUCATION GROUPSOLE | SPONSORED ADS | 309.24K | SH | $4.09M 0.27% | 309.24K | 0.00 | 0.00 |
KYMERA THERAPEUTICS INCSOLE | COM | 122.61K | SH | $3.36M 0.22% | 122.61K | 0.00 | 0.00 |
BEAM THERAPEUTICS INCSOLE | COM | 69.06K | SH | $1.35M 0.09% | 69.06K | 0.00 | 0.00 |
AGORA INCSOLE | ADS | 192.58K | SH | $774.2K 0.05% | 192.58K | 0.00 | 0.00 |
YATSEN HLDG LTDSOLE | SPONSORED ADS | 96.33K | SH | $463.3K 0.03% | 96.33K | 0.00 | 0.00 |
TUNIU CORPSOLE | SPONSORED ADS | 314.44K | SH | $345.9K 0.02% | 314.44K | 0.00 | 0.00 |
GENERATION BIO COSOLE | COM | 191.53K | SH | $77.6K <0.01% | 191.53K | 0.00 | 0.00 |