Polunin Capital Partners Ltd Diversified Active

Location: London, United Kingdom

CIK: 0001629869 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 20, 2026

Total Value: $649M (100.0% shares, 0.0% debt)

Holdings (24)

BABA ALIBABA GROUP HLDG LTD 35.3%

Value $229M Shares 1,383,722 Share Price $165.40 * Est. Cost/Share $105.75 Unrealized @ Report Date +38.6%

BIDU BAIDU INC 9.5%

Value $61.83M Shares 413,496 Share Price $149.53 * Est. Cost/Share $91.31 Unrealized @ Report Date +43.1%

JD JD.COM INC 8.7%

Value $56.29M Shares 1,947,668 Share Price $28.90 Est. Cost/Share $25.51 Unrealized @ Report Date +12.5%

STNE STONECO LTD 7.5%

Value $48.64M Shares 3,356,763 Share Price $14.49 Est. Cost/Share $13.11 Unrealized @ Report Date —

PAGS PAGSEGURO DIGITAL LTD 6.9%

Value $44.86M Shares 4,450,160 Share Price $10.08 * Est. Cost/Share $11.39 Unrealized @ Report Date -15.3%

CSIQ CANADIAN SOLAR INC 6.7%

Value $43.69M Shares 2,009,769 Share Price $21.74 * Est. Cost/Share $21.80 Unrealized @ Report Date +9.1%

DQ DAQO NEW ENERGY CORP 5.7%

Value $36.73M Shares 1,458,705 Share Price $25.18 * Est. Cost/Share $24.29 Unrealized @ Report Date +21.5%

YMM FULL TRUCK ALLIANCE CO LTD 4.8%

Value $31.08M Shares 3,152,133 Share Price $9.86 * Est. Cost/Share $7.67 Unrealized @ Report Date +39.9%

ATHM AUTOHOME INC 4.1%

Value $26.41M Shares 1,143,866 Share Price $23.09 * Est. Cost/Share $30.13 Unrealized @ Report Date -26.1%

BVN COMPANIA DE MINAS BUENAVENTU 2.9%

Value $18.74M Shares 540,381 Share Price $34.68 * Est. Cost/Share $14.31 Unrealized @ Report Date +94.4%

JOYY JOYY INC 1.6%

Value $10.53M Shares 151,493 Share Price $69.49 * Est. Cost/Share $36.79 Unrealized @ Report Date +76.0%

HUYA HUYA INC 1.6%

Value $10.09M Shares 2,719,977 Share Price $3.71 * Est. Cost/Share $4.01 Unrealized @ Report Date -28.2%

CGAU CENTERRA GOLD INC 1.3%

Value $8.19M Shares 491,629 Share Price $16.66 * Est. Cost/Share $6.33 Unrealized @ Report Date +127.2%

HIMX HIMAX TECHNOLOGIES INC 0.9%

Value $6.071M Shares 706,750 Share Price $8.59 * Est. Cost/Share $6.12 Unrealized @ Report Date +33.8%

MOMO HELLO GROUP INC 0.9%

Value $5.964M Shares 853,219 Share Price $6.99 * Est. Cost/Share $6.32 Unrealized @ Report Date +3.7%

GAU GALIANO GOLD INC 0.8%

Value $5.171M Shares 1,860,217 Share Price $2.78 * Est. Cost/Share $2.47 Unrealized @ Report Date +2.3%

DOYU DOUYU INTL HLDGS LTD 0.3%

Value $1.889M Shares 277,828 Share Price $6.80 Est. Cost/Share $9.32 Unrealized @ Report Date -27.1%

MX MAGNACHIP SEMICONDUCTOR CORP 0.2%

Value $1.015M Shares 335,148 Share Price $3.03 * Est. Cost/Share $13.65 Unrealized @ Report Date -81.3%

CAN CANAAN INC 0.1%

Value $942K Shares 1,194,556 Share Price $0.79 * Est. Cost/Share $3.76 Unrealized @ Report Date -81.6%

ASHR DBX ETF TR 0.1%

Value $778K Shares 23,183 Share Price $33.56 * Est. Cost/Share $28.25 Unrealized @ Report Date +16.3%

KWEB KRANESHARES TRUST 0.1%

Value $687K Shares 19,226 Share Price $35.73 * Est. Cost/Share $27.81 Unrealized @ Report Date +22.5%

HTT HIGH TEMPLAR TECHNOLOGY LTD 0.1%

Value $342K Shares 112,803 Share Price $3.03 * Est. Cost/Share $1.18 Unrealized @ Report Date +201.3%

BZUN BAOZUN INC 0.0%

Value $168K Shares 60,222 Share Price $2.79 * Est. Cost/Share $3.25 Unrealized @ Report Date -18.0%

LU LUFAX HOLDING LTD 0.0%

Value $110K Shares 41,924 Share Price $2.62 * Est. Cost/Share $2.62 Unrealized @ Report Date -2.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	1,383,722	$229M	35.3%	$165.40 *	$105.75	+38.6%	SPONSORED ADS	01609W102
BIDU	BAIDU INC	413,496	$61.83M	9.5%	$149.53 *	$91.31	+43.1%	SPON ADR REP A	056752108
JD	JD.COM INC	1,947,668	$56.29M	8.7%	$28.90	$25.51	+12.5%	SPON ADS CL A	47215P106
STNE	STONECO LTD	3,356,763	$48.64M	7.5%	$14.49	$13.11	—	COM CL A	G85158106
PAGS	PAGSEGURO DIGITAL LTD	4,450,160	$44.86M	6.9%	$10.08 *	$11.39	-15.3%	COM CL A	G68707101
CSIQ	CANADIAN SOLAR INC	2,009,769	$43.69M	6.7%	$21.74 *	$21.80	+9.1%	COM	136635109
DQ	DAQO NEW ENERGY CORP	1,458,705	$36.73M	5.7%	$25.18 *	$24.29	+21.5%	SPNSRD ADS NEW	23703Q203
YMM	FULL TRUCK ALLIANCE CO LTD	3,152,133	$31.08M	4.8%	$9.86 *	$7.67	+39.9%	SPONSORED ADS	35969L108
ATHM	AUTOHOME INC	1,143,866	$26.41M	4.1%	$23.09 *	$30.13	-26.1%	SP ADS RP CL A	05278C107
BVN	COMPANIA DE MINAS BUENAVENTU	540,381	$18.74M	2.9%	$34.68 *	$14.31	+94.4%	SPONSORED ADR	204448104
JOYY	JOYY INC	151,493	$10.53M	1.6%	$69.49 *	$36.79	+76.0%	ADS REPSTG COM A	46591M109
HUYA	HUYA INC	2,719,977	$10.09M	1.6%	$3.71 *	$4.01	-28.2%	ADS REP SHS A	44852D108
CGAU	CENTERRA GOLD INC	491,629	$8.19M	1.3%	$16.66 *	$6.33	+127.2%	COM	152006102
HIMX	HIMAX TECHNOLOGIES INC	706,750	$6.071M	0.9%	$8.59 *	$6.12	+33.8%	SPONSORED ADR	43289P106
MOMO	HELLO GROUP INC	853,219	$5.964M	0.9%	$6.99 *	$6.32	+3.7%	ADS	423403104
GAU	GALIANO GOLD INC	1,860,217	$5.171M	0.8%	$2.78 *	$2.47	+2.3%	COM	36352H100
DOYU	DOUYU INTL HLDGS LTD	277,828	$1.889M	0.3%	$6.80	$9.32	-27.1%	SPONSORED ADS	25985W204
MX	MAGNACHIP SEMICONDUCTOR CORP	335,148	$1.015M	0.2%	$3.03 *	$13.65	-81.3%	COM	55933J203
CAN	CANAAN INC	1,194,556	$942K	0.1%	$0.79 *	$3.76	-81.6%	SPONSORED ADS	134748102
ASHR	DBX ETF TR	23,183	$778K	0.1%	$33.56 *	$28.25	+16.3%	XTRACK HRVST CSI	233051879
KWEB	KRANESHARES TRUST	19,226	$687K	0.1%	$35.73 *	$27.81	+22.5%	CSI CHI INTERNET	500767306
HTT	HIGH TEMPLAR TECHNOLOGY LTD	112,803	$342K	0.1%	$3.03 *	$1.18	+201.3%	SPON ADS	747798106
BZUN	BAOZUN INC	60,222	$168K	0.0%	$2.79 *	$3.25	-18.0%	SPONSORED ADR	06684L103
LU	LUFAX HOLDING LTD	41,924	$110K	0.0%	$2.62 *	$2.62	-2.2%	SPONSORED ADR	54975P201