Polunin Capital Partners Ltd Diversified Active

Location: London, United Kingdom

CIK: 0001629869 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Oct 7, 2025

Total Value: $680M (100.0% shares, 0.0% debt)

Holdings (24)

BABA ALIBABA GROUP HLDG LTD 38.2%

Value $260M Shares 1,381,634 Share Price $188.03 * Est. Cost/Share $105.75 Unrealized @ Report Date +69.0%

JD JD.COM INC 10.3%

Value $69.8M Shares 1,971,856 Share Price $35.40 Est. Cost/Share $25.51 Unrealized @ Report Date +37.1%

STNE STONECO LTD 8.9%

Value $60.37M Shares 3,359,188 Share Price $17.97 Est. Cost/Share $13.11 Unrealized @ Report Date —

BIDU BAIDU INC 8.6%

Value $58.56M Shares 412,368 Share Price $142.00 * Est. Cost/Share $91.31 Unrealized @ Report Date +44.3%

YMM FULL TRUCK ALLIANCE CO LTD 6.2%

Value $42.09M Shares 3,145,346 Share Price $13.38 * Est. Cost/Share $7.67 Unrealized @ Report Date +69.1%

PAGS PAGSEGURO DIGITAL LTD 6.1%

Value $41.45M Shares 4,433,460 Share Price $9.35 * Est. Cost/Share $11.39 Unrealized @ Report Date -12.2%

DQ DAQO NEW ENERGY CORP 5.5%

Value $37.18M Shares 1,283,958 Share Price $28.96 * Est. Cost/Share $23.44 Unrealized @ Report Date +20.0%

ATHM AUTOHOME INC 4.8%

Value $32.79M Shares 1,153,215 Share Price $28.43 Est. Cost/Share $30.13 Unrealized @ Report Date -5.2%

RYAAY RYANAIR HOLDINGS PLC 1.8%

Value $12.52M Shares 210,331 Share Price $59.50 Est. Cost/Share $45.67 Unrealized @ Report Date +31.9%

BVN COMPANIA DE MINAS BUENAVENTU 1.8%

Value $12.23M Shares 499,281 Share Price $24.49 Est. Cost/Share $13.44 Unrealized @ Report Date +81.0%

JOYY JOYY INC 1.4%

Value $9.595M Shares 163,430 Share Price $58.71 Est. Cost/Share $36.79 Unrealized @ Report Date +59.3%

HUYA HUYA INC 1.2%

Value $8.242M Shares 2,512,935 Share Price $3.28 Est. Cost/Share $4.10 Unrealized @ Report Date -18.8%

MOMO HELLO GROUP INC 1.0%

Value $6.644M Shares 889,369 Share Price $7.47 Est. Cost/Share $6.32 Unrealized @ Report Date +17.5%

NIU NIU TECHNOLOGIES 1.0%

Value $6.603M Shares 1,460,883 Share Price $4.52 * Est. Cost/Share $3.91 Unrealized @ Report Date +19.9%

HIMX HIMAX TECHNOLOGIES INC 0.9%

Value $6.381M Shares 739,368 Share Price $8.63 * Est. Cost/Share $6.12 Unrealized @ Report Date +44.3%

CGAU CENTERRA GOLD INC 0.9%

Value $5.857M Shares 515,715 Share Price $11.36 * Est. Cost/Share $6.33 Unrealized @ Report Date +69.6%

DOYU DOUYU INTL HLDGS LTD 0.3%

Value $2.183M Shares 293,430 Share Price $7.44 Est. Cost/Share $9.32 Unrealized @ Report Date -19.3%

KWEB KRANESHARES TRUST 0.3%

Value $1.753M Shares 41,100 Share Price $42.65 Est. Cost/Share $27.81 Unrealized @ Report Date +51.1%

CAN CANAAN INC 0.3%

Value $1.709M Shares 1,304,841 Share Price $1.31 * Est. Cost/Share $3.76 Unrealized @ Report Date -76.5%

ASHR DBX ETF TR 0.2%

Value $1.346M Shares 40,845 Share Price $32.95 Est. Cost/Share $28.25 Unrealized @ Report Date +16.8%

MX MAGNACHIP SEMICONDUCTOR CORP 0.2%

Value $1.114M Shares 348,095 Share Price $3.20 * Est. Cost/Share $13.65 Unrealized @ Report Date -77.1%

HTT QUDIAN INC 0.2%

Value $1.073M Shares 241,154 Share Price $4.45 * Est. Cost/Share $1.18 Unrealized @ Report Date +262.4%

BZUN BAOZUN INC 0.1%

Value $424K Shares 107,623 Share Price $3.94 * Est. Cost/Share $3.25 Unrealized @ Report Date +24.8%

LU LUFAX HOLDING LTD 0.1%

Value $359K Shares 89,626 Share Price $4.01 Est. Cost/Share $2.62 Unrealized @ Report Date +55.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	1,381,634	$260M	38.2%	$188.03 *	$105.75	+69.0%	SPONSORED ADS	01609W102
JD	JD.COM INC	1,971,856	$69.8M	10.3%	$35.40	$25.51	+37.1%	SPON ADS CL A	47215P106
STNE	STONECO LTD	3,359,188	$60.37M	8.9%	$17.97	$13.11	—	COM CL A	G85158106
BIDU	BAIDU INC	412,368	$58.56M	8.6%	$142.00 *	$91.31	+44.3%	SPON ADR REP A	056752108
YMM	FULL TRUCK ALLIANCE CO LTD	3,145,346	$42.09M	6.2%	$13.38 *	$7.67	+69.1%	SPONSORED ADS	35969L108
PAGS	PAGSEGURO DIGITAL LTD	4,433,460	$41.45M	6.1%	$9.35 *	$11.39	-12.2%	COM CL A	G68707101
DQ	DAQO NEW ENERGY CORP	1,283,958	$37.18M	5.5%	$28.96 *	$23.44	+20.0%	SPNSRD ADS NEW	23703Q203
ATHM	AUTOHOME INC	1,153,215	$32.79M	4.8%	$28.43	$30.13	-5.2%	SP ADS RP CL A	05278C107
RYAAY	RYANAIR HOLDINGS PLC	210,331	$12.52M	1.8%	$59.50	$45.67	+31.9%	SPONSORED ADR	783513203
BVN	COMPANIA DE MINAS BUENAVENTU	499,281	$12.23M	1.8%	$24.49	$13.44	+81.0%	SPONSORED ADR	204448104
JOYY	JOYY INC	163,430	$9.595M	1.4%	$58.71	$36.79	+59.3%	ADS REPSTG COM A	46591M109
HUYA	HUYA INC	2,512,935	$8.242M	1.2%	$3.28	$4.10	-18.8%	ADS REP SHS A	44852D108
MOMO	HELLO GROUP INC	889,369	$6.644M	1.0%	$7.47	$6.32	+17.5%	ADS	423403104
NIU	NIU TECHNOLOGIES	1,460,883	$6.603M	1.0%	$4.52 *	$3.91	+19.9%	ADS	65481N100
HIMX	HIMAX TECHNOLOGIES INC	739,368	$6.381M	0.9%	$8.63 *	$6.12	+44.3%	SPONSORED ADR	43289P106
CGAU	CENTERRA GOLD INC	515,715	$5.857M	0.9%	$11.36 *	$6.33	+69.6%	COM	152006102
DOYU	DOUYU INTL HLDGS LTD	293,430	$2.183M	0.3%	$7.44	$9.32	-19.3%	SPONSORED ADS	25985W204
KWEB	KRANESHARES TRUST	41,100	$1.753M	0.3%	$42.65	$27.81	+51.1%	CSI CHI INTERNET	500767306
CAN	CANAAN INC	1,304,841	$1.709M	0.3%	$1.31 *	$3.76	-76.5%	SPONSORED ADS	134748102
ASHR	DBX ETF TR	40,845	$1.346M	0.2%	$32.95	$28.25	+16.8%	XTRACK HRVST CSI	233051879
MX	MAGNACHIP SEMICONDUCTOR CORP	348,095	$1.114M	0.2%	$3.20 *	$13.65	-77.1%	COM	55933J203
HTT	QUDIAN INC	241,154	$1.073M	0.2%	$4.45 *	$1.18	+262.4%	ADR	747798106
BZUN	BAOZUN INC	107,623	$424K	0.1%	$3.94 *	$3.25	+24.8%	SPONSORED ADR	06684L103
LU	LUFAX HOLDING LTD	89,626	$359K	0.1%	$4.01	$2.62	+55.2%	SPONSORED ADR	54975P201