Yiheng Capital Management, L.P.

CIK: 0001447228SEC EDGAR →

Portfolio Value

$494.3M

Holdings

24

As of

Q4 2025

New Positions

5

Closed Positions

3

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1
ALABPut

ASTERA LABS INC

1,427,500$237.5M
48.04%
2

NOAH HLDGS LTD

6,717,351$67.4M
13.64%
3

BILIBILI INC

1,148,898$28.3M
5.72%
4

JD.COM INC

687,413$19.7M
3.99%
5

NEW ORIENTAL ED & TECHNOLOGY

340,629$18.7M
3.79%
6

H WORLD GROUP LTD

398,371$18.7M
3.79%
7

ATRENEW INC

3,163,117$16.8M
3.39%
8
VSATPut

VIASAT INC

455,600$15.7M
3.18%
9

DBV TECHNOLOGIES S A

639,769$12.3M
2.48%
10
ULSPut

UL SOLUTIONS INC

150,000$11.8M
2.39%

Quarterly Changes

Top Buys

BILINEW
$28.3M
JDNEW
$19.7M
ULSNEW
$11.8M
PONY↑ Increased
$5.0M
YMMNEW
$4.4M

Top Sells

JDCLOSED
$91.0M
BILICLOSED
$51.1M
IVA↓ Decreased
$14.1M
AKROCLOSED
$9.1M
N1UA↓ Decreased
$9.0M

New Positions (5)

$28.3M · 1.1M shares
$19.7M · 687K shares
$11.8M · 150K shares
$4.4M · 411K shares
$404K · 34K shares

Closed Positions (6)

$91.0M · 2.6M shares
$51.1M · 1.8M shares
$9.1M · 191K shares
$6.8M · 470K shares
$6.8M · 226K shares
$4.3M · 231K shares

Sector Breakdown

Sector# HoldingsValue%
Technology7$299.3M60.6%
Financial Services1$67.4M13.6%
Consumer Cyclical5$56.9M11.5%
Healthcare7$27.3M5.5%
Industrials2$21.3M4.3%
Unknown1$18.7M3.8%
Consumer Defensive1$3.4M0.7%