Polunin Capital Partners Ltd Diversified Active

Location: London, United Kingdom

CIK: 0001629869 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: Apr 9, 2025

Total Value: $495M (100.0% shares, 0.0% debt)

Holdings (27)

BABA ALIBABA GROUP HLDG LTD 26.6%

Value $132M Shares 1,325,120 Share Price $99.37 * Est. Cost/Share $104.78 Unrealized @ Report Date +26.2%

JD JD.COM INC 13.4%

Value $66.11M Shares 2,002,109 Share Price $33.02 * Est. Cost/Share $25.36 Unrealized @ Report Date +62.1%

— BRF SA 10.6%

Value $52.46M Shares 16,867,111 Share Price $3.11 Est. Cost/Share $2.59 Unrealized @ Report Date —

STNE STONECO LTD 7.3%

Value $36.22M Shares 3,472,288 Share Price $10.43 Est. Cost/Share $13.11 Unrealized @ Report Date —

YMM FULL TRUCK ALLIANCE CO LTD 6.8%

Value $33.73M Shares 3,255,746 Share Price $10.36 * Est. Cost/Share $7.67 Unrealized @ Report Date +66.5%

PAGS PAGSEGURO DIGITAL LTD 5.9%

Value $29.26M Shares 3,845,471 Share Price $7.61 Est. Cost/Share $11.76 Unrealized @ Report Date -35.1%

ATHM AUTOHOME INC 5.7%

Value $28.38M Shares 1,192,015 Share Price $23.81 * Est. Cost/Share $30.13 Unrealized @ Report Date -8.0%

BIDU BAIDU INC 5.4%

Value $26.52M Shares 344,972 Share Price $76.86 * Est. Cost/Share $89.77 Unrealized @ Report Date +2.5%

UGP ULTRAPAR PARTICIPACOES SA 4.8%

Value $23.96M Shares 8,680,434 Share Price $2.76 * Est. Cost/Share $2.87 Unrealized @ Report Date +7.4%

HSAI HESAI GROUP 3.1%

Value $15.59M Shares 1,180,242 Share Price $13.21 * Est. Cost/Share $5.63 Unrealized @ Report Date +162.8%

RYAAY RYANAIR HOLDINGS PLC 1.7%

Value $8.342M Shares 210,331 Share Price $39.66 * Est. Cost/Share $45.67 Unrealized @ Report Date -7.2%

BVN COMPANIA DE MINAS BUENAVENTU 1.3%

Value $6.461M Shares 499,281 Share Price $12.94 * Est. Cost/Share $13.44 Unrealized @ Report Date +16.3%

JOYY JOYY INC 1.3%

Value $6.384M Shares 167,377 Share Price $38.14 * Est. Cost/Share $36.79 Unrealized @ Report Date +14.1%

HIMX HIMAX TECHNOLOGIES INC 0.9%

Value $4.466M Shares 758,268 Share Price $5.89 * Est. Cost/Share $6.12 Unrealized @ Report Date +20.1%

WB WEIBO CORP 0.9%

Value $4.404M Shares 561,050 Share Price $7.85 * Est. Cost/Share $8.09 Unrealized @ Report Date +17.1%

MOMO HELLO GROUP INC 0.8%

Value $3.808M Shares 706,495 Share Price $5.39 * Est. Cost/Share $5.84 Unrealized @ Report Date +8.1%

HUYA HUYA INC 0.7%

Value $3.625M Shares 1,241,300 Share Price $2.92 * Est. Cost/Share $4.71 Unrealized @ Report Date -31.8%

NIU NIU TECHNOLOGIES 0.6%

Value $3.141M Shares 1,072,062 Share Price $2.93 * Est. Cost/Share $3.85 Unrealized @ Report Date +5.9%

CGAU CENTERRA GOLD INC 0.6%

Value $2.922M Shares 529,115 Share Price $5.52 * Est. Cost/Share $6.33 Unrealized @ Report Date -0.4%

DOYU DOUYU INTL HLDGS LTD 0.4%

Value $1.839M Shares 303,530 Share Price $6.06 * Est. Cost/Share $9.32 Unrealized @ Report Date -19.9%

KWEB KRANESHARES TRUST 0.2%

Value $1.162M Shares 41,100 Share Price $28.27 * Est. Cost/Share $27.81 Unrealized @ Report Date +25.5%

ASHR DBX ETF TR 0.2%

Value $967K Shares 40,845 Share Price $23.67 * Est. Cost/Share $28.25 Unrealized @ Report Date -5.9%

MX MAGNACHIP SEMICONDUCTOR CORP 0.2%

Value $950K Shares 358,495 Share Price $2.65 * Est. Cost/Share $13.65 Unrealized @ Report Date -74.9%

CAN CANAAN INC 0.2%

Value $947K Shares 1,346,141 Share Price $0.70 * Est. Cost/Share $3.76 Unrealized @ Report Date -76.6%

TAL TAL EDUCATION GROUP 0.2%

Value $904K Shares 92,426 Share Price $9.78 * Est. Cost/Share $3.82 Unrealized @ Report Date +245.7%

HTT QUDIAN INC 0.1%

Value $528K Shares 241,154 Share Price $2.19 * Est. Cost/Share $1.18 Unrealized @ Report Date +128.3%

LU LUFAX HOLDING LTD 0.0%

Value $220K Shares 89,626 Share Price $2.45 * Est. Cost/Share $2.62 Unrealized @ Report Date +13.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	1,325,120	$132M	26.6%	$99.37 *	$104.78	+26.2%	SPONSORED ADS	01609W102
JD	JD.COM INC	2,002,109	$66.11M	13.4%	$33.02 *	$25.36	+62.1%	SPON ADS CL A	47215P106
—	BRF SA	16,867,111	$52.46M	10.6%	$3.11	$2.59	—	SPONSORED ADR	10552T107
STNE	STONECO LTD	3,472,288	$36.22M	7.3%	$10.43	$13.11	—	COM CL A	G85158106
YMM	FULL TRUCK ALLIANCE CO LTD	3,255,746	$33.73M	6.8%	$10.36 *	$7.67	+66.5%	SPONSORED ADS	35969L108
PAGS	PAGSEGURO DIGITAL LTD	3,845,471	$29.26M	5.9%	$7.61	$11.76	-35.1%	COM CL A	G68707101
ATHM	AUTOHOME INC	1,192,015	$28.38M	5.7%	$23.81 *	$30.13	-8.0%	SP ADS RP CL A	05278C107
BIDU	BAIDU INC	344,972	$26.52M	5.4%	$76.86 *	$89.77	+2.5%	SPON ADR REP A	056752108
UGP	ULTRAPAR PARTICIPACOES SA	8,680,434	$23.96M	4.8%	$2.76 *	$2.87	+7.4%	SP ADR REP COM	90400P101
HSAI	HESAI GROUP	1,180,242	$15.59M	3.1%	$13.21 *	$5.63	+162.8%	SPONSORED ADS	428050108
RYAAY	RYANAIR HOLDINGS PLC	210,331	$8.342M	1.7%	$39.66 *	$45.67	-7.2%	SPONSORED ADR	783513203
BVN	COMPANIA DE MINAS BUENAVENTU	499,281	$6.461M	1.3%	$12.94 *	$13.44	+16.3%	SPONSORED ADR	204448104
JOYY	JOYY INC	167,377	$6.384M	1.3%	$38.14 *	$36.79	+14.1%	ADS REPSTG COM A	46591M109
HIMX	HIMAX TECHNOLOGIES INC	758,268	$4.466M	0.9%	$5.89 *	$6.12	+20.1%	SPONSORED ADR	43289P106
WB	WEIBO CORP	561,050	$4.404M	0.9%	$7.85 *	$8.09	+17.1%	SPONSORED ADR	948596101
MOMO	HELLO GROUP INC	706,495	$3.808M	0.8%	$5.39 *	$5.84	+8.1%	ADS	423403104
HUYA	HUYA INC	1,241,300	$3.625M	0.7%	$2.92 *	$4.71	-31.8%	ADS REP SHS A	44852D108
NIU	NIU TECHNOLOGIES	1,072,062	$3.141M	0.6%	$2.93 *	$3.85	+5.9%	ADS	65481N100
CGAU	CENTERRA GOLD INC	529,115	$2.922M	0.6%	$5.52 *	$6.33	-0.4%	COM	152006102
DOYU	DOUYU INTL HLDGS LTD	303,530	$1.839M	0.4%	$6.06 *	$9.32	-19.9%	SPONSORED ADS	25985W204
KWEB	KRANESHARES TRUST	41,100	$1.162M	0.2%	$28.27 *	$27.81	+25.5%	CSI CHI INTERNET	500767306
ASHR	DBX ETF TR	40,845	$967K	0.2%	$23.67 *	$28.25	-5.9%	XTRACK HRVST CSI	233051879
MX	MAGNACHIP SEMICONDUCTOR CORP	358,495	$950K	0.2%	$2.65 *	$13.65	-74.9%	COM	55933J203
CAN	CANAAN INC	1,346,141	$947K	0.2%	$0.70 *	$3.76	-76.6%	SPONSORED ADS	134748102
TAL	TAL EDUCATION GROUP	92,426	$904K	0.2%	$9.78 *	$3.82	+245.7%	SPONSORED ADS	874080104
HTT	QUDIAN INC	241,154	$528K	0.1%	$2.19 *	$1.18	+128.3%	ADR	747798106
LU	LUFAX HOLDING LTD	89,626	$220K	0.0%	$2.45 *	$2.62	+13.5%	SPONSORED ADR	54975P201