HSG Holding Ltd Long-Term Concentrated

CIK: 0001470766 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $1,921,161 (100.0% shares, 0.0% debt)

Holdings (19)

PDD PDD HOLDINGS INC 77.2%

Value ($000) $1,483,353 Shares 11,348,426 Est. Cost $121.85 Unrealized —

FUTU FUTU HLDGS LTD 6.5%

Value ($000) $125,275 Shares 740,352 Est. Cost $158.82 Unrealized —

BULL WEBULL CORP 5.5%

Value ($000) $106,428 Shares 9,553,639 Est. Cost $14.97 Unrealized -4.7%

BZ KANZHUN LIMITED 2.2%

Value ($000) $41,781 Shares 1,900,000 Est. Cost $24.04 Unrealized —

COE 51TALK ONLINE EDUCATION GROU 1.9%

Value ($000) $36,597 Shares 667,223 Est. Cost $8.90 Unrealized —

BEKE KE HLDGS INC 1.9%

Value ($000) $35,678 Shares 1,939,017 Est. Cost $34.30 Unrealized —

PONY PONY AI INC 1.1%

Value ($000) $20,720 Shares 1,076,905 Est. Cost $13.20 Unrealized —

DDL DINGDONG CAYMAN LTD 1.1%

Value ($000) $20,500 Shares 11,141,166 Est. Cost $3.55 Unrealized —

AVBP ARRIVENT BIOPHARMA INC 0.7%

Value ($000) $12,994 Shares 663,308 Est. Cost $20.17 Unrealized -2.6%

LOT LOTUS TECHNOLOGY INC 0.5%

Value ($000) $9,088 Shares 4,834,099 Est. Cost $4.34 Unrealized —

THCH TH INTERNATIONAL LIMITED 0.4%

Value ($000) $7,048 Shares 2,900,606 Est. Cost $2.71 Unrealized -0.1%

BTDR BITDEER TECHNOLOGIES GROUP 0.4%

Value ($000) $6,953 Shares 293,732 Est. Cost $7.36 Unrealized +90.7%

GPCR STRUCTURE THERAPEUTICS INC 0.2%

Value ($000) $4,608 Shares 266,062 Est. Cost $50.42 Unrealized —

NOAH NOAH HLDGS LTD 0.2%

Value ($000) $4,496 Shares 396,815 Est. Cost $13.65 Unrealized —

ADAG ADAGENE INC 0.1%

Value ($000) $2,539 Shares 1,343,364 Est. Cost $14.36 Unrealized —

BRNS BARINTHUS BIOTHERAPEUTICS PL 0.1%

Value ($000) $1,960 Shares 1,420,473 Est. Cost $4.45 Unrealized —

SLAI BIT MINING LIMITED 0.0%

Value ($000) $855 Shares 350,427 Est. Cost $2.70 Unrealized —

BNR BURNING ROCK BIOTECH LTD 0.0%

Value ($000) $215 Shares 21,212 Est. Cost $7.32 Unrealized —

LYEL LYELL IMMUNOPHARMA INC 0.0%

Value ($000) $73 Shares 152,299 Est. Cost $9.11 Unrealized +25.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	11,348,426	$1,483,353	77.2%	$121.85	—	SPONSORED ADS	722304102
FUTU	FUTU HLDGS LTD	740,352	$125,275	6.5%	$158.82	—	SPON ADS CL A	36118L106
BULL	WEBULL CORP	9,553,639	$106,428	5.5%	$14.97	-4.7%	ORD SHS	G9572D103
BZ	KANZHUN LIMITED	1,900,000	$41,781	2.2%	$24.04	—	SPONSORED ADS	48553T106
COE	51TALK ONLINE EDUCATION GROU	667,223	$36,597	1.9%	$8.90	—	SPONSORED ADR	16954L204
BEKE	KE HLDGS INC	1,939,017	$35,678	1.9%	$34.30	—	SPONSORED ADS	482497104
PONY	PONY AI INC	1,076,905	$20,720	1.1%	$13.20	—	SPONSORED ADS	732908108
DDL	DINGDONG CAYMAN LTD	11,141,166	$20,500	1.1%	$3.55	—	ADS	25445D101
AVBP	ARRIVENT BIOPHARMA INC	663,308	$12,994	0.7%	$20.17	-2.6%	COM	04272N102
LOT	LOTUS TECHNOLOGY INC	4,834,099	$9,088	0.5%	$4.34	—	SPONSORED ADR	54572F101
THCH	TH INTERNATIONAL LIMITED	2,900,606	$7,048	0.4%	$2.71	-0.1%	SHS NEW	G8656L130
BTDR	BITDEER TECHNOLOGIES GROUP	293,732	$6,953	0.4%	$7.36	+90.7%	CL A ORD SHS	G11448100
GPCR	STRUCTURE THERAPEUTICS INC	266,062	$4,608	0.2%	$50.42	—	SPONSORED ADS	86366E106
NOAH	NOAH HLDGS LTD	396,815	$4,496	0.2%	$13.65	—	SPON ADS	65487X102
ADAG	ADAGENE INC	1,343,364	$2,539	0.1%	$14.36	—	ADS	005329107
BRNS	BARINTHUS BIOTHERAPEUTICS PL	1,420,473	$1,960	0.1%	$4.45	—	ADS	91864C107
SLAI	BIT MINING LIMITED	350,427	$855	0.0%	$2.70	—	SPON ADR	055474209
BNR	BURNING ROCK BIOTECH LTD	21,212	$215	0.0%	$7.32	—	SPONSORED ADS	12233L206
LYEL	LYELL IMMUNOPHARMA INC	152,299	$73	0.0%	$9.11	+25.3%	COM NEW	55083R203