Perseverance Asset Management International Diversified Active

Location: GEORGE TOWN, E9

CIK: 0001802695 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $909,048 (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (10)

NVDA NVIDIA CORPORATION 5.6%

Value ($000) $50,576 Shares 290,000 Est. Cost $186.63 Unrealized 0.0%

TCOM TRIP COM GROUP LTD 3.7%

Value ($000) $33,608 Shares 674,999 Est. Cost $49.79 Unrealized —

FUTU FUTU HLDGS LTD 2.3%

Value ($000) $20,514 Shares 150,000 Est. Cost $136.76 Unrealized —

LITE LUMENTUM HLDGS INC 1.9%

Value ($000) $17,569 Shares 25,000 Est. Cost $467.14 Unrealized 0.0%

XPEV XPENG INC 1.5%

Value ($000) $13,688 Shares 800,000 Est. Cost $17.11 Unrealized —

MOS MOSAIC CO 0.8%

Value ($000) $7,650 Shares 300,000 Est. Cost $27.87 Unrealized 0.0%

AMD ADVANCED MICRO DEVICES INC 0.7%

Value ($000) $6,103 Shares 30,000 Est. Cost $221.70 Unrealized 0.0%

SNDK SANDISK CORP 0.4%

Value ($000) $3,481 Shares 5,479 Est. Cost $516.50 Unrealized 0.0%

MU MICRON TECHNOLOGY INC 0.3%

Value ($000) $3,032 Shares 8,975 Est. Cost $387.04 Unrealized 0.0%

NIO NIO INC 0.0%

Value ($000) $435 Shares 72,094 Est. Cost $6.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	290,000	$50,576	5.6%	$186.63	0.0%	COM	67066G104
TCOM	TRIP COM GROUP LTD	674,999	$33,608	3.7%	$49.79	—	ADS	89677Q107
FUTU	FUTU HLDGS LTD	150,000	$20,514	2.3%	$136.76	—	SPON ADS CL A	36118L106
LITE	LUMENTUM HLDGS INC	25,000	$17,569	1.9%	$467.14	0.0%	COM	55024U109
XPEV	XPENG INC	800,000	$13,688	1.5%	$17.11	—	ADS	98422D105
MOS	MOSAIC CO	300,000	$7,650	0.8%	$27.87	0.0%	COM	61945C103
AMD	ADVANCED MICRO DEVICES INC	30,000	$6,103	0.7%	$221.70	0.0%	COM	007903107
SNDK	SANDISK CORP	5,479	$3,481	0.4%	$516.50	0.0%	COM	80004C200
MU	MICRON TECHNOLOGY INC	8,975	$3,032	0.3%	$387.04	0.0%	COM	595112103
NIO	NIO INC	72,094	$435	0.0%	$6.03	—	SPON ADS	62914V106

Increased Positions (5)

TSM TAIWAN SEMICONDUCTOR MANUFAC 16.6%

Value ($000) $150,896 (+1628.1%) Shares 446,505 (+1453.9%) Est. Cost $335.59 Unrealized —

BZ KANZHUN LIMITED 6.3%

Value ($000) $57,410 (+1019.4%) Shares 4,287,565 (+1603.8%) Est. Cost $13.67 Unrealized —

NTES NETEASE COM INC 2.1%

Value ($000) $19,030 (+25.7%) Shares 170,000 (+54.5%) Est. Cost $137.85 Unrealized —

BEKE KE HLDGS INC 2.3%

Value ($000) $20,830 (+14.4%) Shares 1,391,439 (+20.4%) Est. Cost $17.16 Unrealized —

PDD PDD HOLDINGS INC 24.3%

Value ($000) $220,880 (-0.7%) Shares 2,161,676 (+10.2%) Est. Cost $107.46 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	446,505 (+1453.9%)	$150,896 (+1628.1%)	16.6%	$335.59	—	SPONSORED ADS	874039100
BZ	KANZHUN LIMITED	4,287,565 (+1603.8%)	$57,410 (+1019.4%)	6.3%	$13.67	—	SPONSORED ADS	48553T106
NTES	NETEASE COM INC	170,000 (+54.5%)	$19,030 (+25.7%)	2.1%	$137.85	—	SPONSORED ADS	64110W102
BEKE	KE HLDGS INC	1,391,439 (+20.4%)	$20,830 (+14.4%)	2.3%	$17.16	—	SPONSORED ADS	482497104
PDD	PDD HOLDINGS INC	2,161,676 (+10.2%)	$220,880 (-0.7%)	24.3%	$107.46	—	SPONSORED ADS	722304102

Exited Positions (2)

TLT ISHARES TR 0.6%

Value ($000) $5,151 Shares 59,100 Est. Cost $89.37 Unrealized —

API AGORA INC 0.3%

Value ($000) $2,849 Shares 700,000 Est. Cost $4.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	59,100	$5,151	0.6%	$89.37	—	—	464287432
API	AGORA INC	700,000	$2,849	0.3%	$4.07	—	—	00851L103

Decreased Positions (4)

GOOG ALPHABET INC 3.2%

Value ($000) $28,686 (-69.5%) Shares 100,000 (-66.7%) Est. Cost $207.36 Unrealized +56.1%

HTHT H WORLD GROUP LTD 21.5%

Value ($000) $195,228 (-19.8%) Shares 3,882,036 (-24.9%) Est. Cost $36.48 Unrealized —

IQ IQIYI INC 0.7%

Value ($000) $6,480 (-50.4%) Shares 4,800,000 (-29.4%) Est. Cost $2.91 Unrealized —

RLX RLX TECHNOLOGY INC 1.8%

Value ($000) $16,491 (-9.2%) Shares 7,495,862 (-3.8%) Est. Cost $2.29 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	100,000 (-66.7%)	$28,686 (-69.5%)	3.2%	$207.36	+56.1%	CAP STK CL C	02079K107
HTHT	H WORLD GROUP LTD	3,882,036 (-24.9%)	$195,228 (-19.8%)	21.5%	$36.48	—	SPONSORED ADS	44332N106
IQ	IQIYI INC	4,800,000 (-29.4%)	$6,480 (-50.4%)	0.7%	$2.91	—	SPONSORED ADS	46267X108
RLX	RLX TECHNOLOGY INC	7,495,862 (-3.8%)	$16,491 (-9.2%)	1.8%	$2.29	—	SPONSORED ADS	74969N103

Unchanged Positions (2)

YUMC YUM CHINA HLDGS INC 3.8%

Value ($000) $34,829 Shares 713,999 Est. Cost $37.56 Unrealized +37.2%

YSG YATSEN HLDG LTD 0.2%

Value ($000) $1,632 Shares 529,993 Est. Cost $3.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
YUMC	YUM CHINA HLDGS INC	713,999	$34,829	3.8%	$37.56	+37.2%	COM	98850P109
YSG	YATSEN HLDG LTD	529,993	$1,632	0.2%	$3.89	—	SPONSORED ADS	985194208