Yiheng Capital Management, L.P. Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001447228 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 11, 2025

Total Value: $2.597B (100.0% shares, 0.0% debt)

Holdings (23)

JD JD.COM INC 51.4%

Value $1.334B Shares 38,473,800 Share Price $34.67 Est. Cost/Share $32.65 Unrealized @ Report Date —

BILI BILIBILI INC 26.0%

Value $676M Shares 37,316,000 Share Price $18.11 Est. Cost/Share $21.59 Unrealized @ Report Date —

ALAB ASTERA LABS INC 4.2%

Value $108M Shares 818,100 Share Price $132.45 Est. Cost/Share — Unrealized @ Report Date —

BILI BILIBILI INC 3.4%

Value $88.9M Shares 4,908,781 Share Price $18.11 Est. Cost/Share $21.59 Unrealized @ Report Date —

NOAH NOAH HLDGS LTD 3.0%

Value $78.69M Shares 6,719,722 Share Price $11.71 Est. Cost/Share $31.83 Unrealized @ Report Date —

JD JD.COM INC 2.0%

Value $52.46M Shares 1,513,184 Share Price $34.67 Est. Cost/Share $32.65 Unrealized @ Report Date —

HTHT H WORLD GROUP LTD 1.7%

Value $43.15M Shares 1,306,395 Share Price $33.03 Est. Cost/Share $36.39 Unrealized @ Report Date —

EDU NEW ORIENTAL ED & TECHNOLOGY 1.3%

Value $33.27M Shares 518,314 Share Price $64.18 Est. Cost/Share $20.36 Unrealized @ Report Date —

RBLX ROBLOX CORP 1.3%

Value $33.17M Shares 573,265 Share Price $57.86 * Est. Cost/Share $40.11 Unrealized @ Report Date +25.4%

SMCI SUPER MICRO COMPUTER INC 1.1%

Value $27.43M Shares 900,000 Share Price $30.48 Est. Cost/Share — Unrealized @ Report Date —

TAL TAL EDUCATION GROUP 0.8%

Value $21.92M Shares 2,187,618 Share Price $10.02 Est. Cost/Share $8.42 Unrealized @ Report Date —

— AKERO THERAPEUTICS INC 0.7%

Value $18.53M Shares 666,145 Share Price $27.82 Est. Cost/Share $24.82 Unrealized @ Report Date —

MBLY MOBILEYE GLOBAL INC 0.6%

Value $14.94M Shares 750,000 Share Price $19.92 * Est. Cost/Share $15.74 Unrealized @ Report Date 0.0%

VRDN VIRIDIAN THERAPEUTICS INC 0.6%

Value $14.38M Shares 750,261 Share Price $19.17 * Est. Cost/Share $23.45 Unrealized @ Report Date -7.3%

DNLI DENALI THERAPEUTICS INC 0.5%

Value $14.27M Shares 700,098 Share Price $20.38 * Est. Cost/Share $35.75 Unrealized @ Report Date -28.4%

BEAM BEAM THERAPEUTICS INC 0.4%

Value $10.57M Shares 426,102 Share Price $24.80 * Est. Cost/Share $34.55 Unrealized @ Report Date -26.1%

ACMR ACM RESH INC 0.4%

Value $10.28M Shares 680,604 Share Price $15.10 * Est. Cost/Share $18.86 Unrealized @ Report Date -4.2%

RERE ATRENEW INC 0.4%

Value $9.11M Shares 3,163,117 Share Price $2.88 Est. Cost/Share $3.08 Unrealized @ Report Date —

IVA INVENTIVA SA 0.2%

Value $5.66M Shares 2,644,926 Share Price $2.14 Est. Cost/Share $10.94 Unrealized @ Report Date —

DBVT DBV TECHNOLOGIES S A 0.1%

Value $2.028M Shares 656,309 Share Price $3.09 Est. Cost/Share $3.09 Unrealized @ Report Date —

TOUR TUNIU CORP 0.0%

Value $321K Shares 314,437 Share Price $1.02 Est. Cost/Share $0.84 Unrealized @ Report Date —

— GENERATION BIO CO 0.0%

Value $203K Shares 191,530 Share Price $1.06 Est. Cost/Share $4.07 Unrealized @ Report Date —

YSG YATSEN HLDG LTD 0.0%

Value $41,822 Shares 10,508 Share Price $3.98 Est. Cost/Share $3.98 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
JD	JD.COM INC	38,473,800	$1.334B	51.4%	$34.67	$32.65	—	Call	47215P106
BILI	BILIBILI INC	37,316,000	$676M	26.0%	$18.11	$21.59	—	Call	090040106
ALAB	ASTERA LABS INC	818,100	$108M	4.2%	$132.45	—	—	Put	04626A103
BILI	BILIBILI INC	4,908,781	$88.9M	3.4%	$18.11	$21.59	—	SPONS ADS REP Z	090040106
NOAH	NOAH HLDGS LTD	6,719,722	$78.69M	3.0%	$11.71	$31.83	—	SPON ADS	65487X102
JD	JD.COM INC	1,513,184	$52.46M	2.0%	$34.67	$32.65	—	SPON ADS CL A	47215P106
HTHT	H WORLD GROUP LTD	1,306,395	$43.15M	1.7%	$33.03	$36.39	—	SPONSORED ADS	44332N106
EDU	NEW ORIENTAL ED & TECHNOLOGY	518,314	$33.27M	1.3%	$64.18	$20.36	—	SPON ADR	647581206
RBLX	ROBLOX CORP	573,265	$33.17M	1.3%	$57.86 *	$40.11	+25.4%	CL A	771049103
SMCI	SUPER MICRO COMPUTER INC	900,000	$27.43M	1.1%	$30.48	—	—	Put	86800U302
TAL	TAL EDUCATION GROUP	2,187,618	$21.92M	0.8%	$10.02	$8.42	—	SPONSORED ADS	874080104
—	AKERO THERAPEUTICS INC	666,145	$18.53M	0.7%	$27.82	$24.82	—	COM	00973Y108
MBLY	MOBILEYE GLOBAL INC	750,000	$14.94M	0.6%	$19.92 *	$15.74	0.0%	COMMON CLASS A	60741F104
VRDN	VIRIDIAN THERAPEUTICS INC	750,261	$14.38M	0.6%	$19.17 *	$23.45	-7.3%	COM	92790C104
DNLI	DENALI THERAPEUTICS INC	700,098	$14.27M	0.5%	$20.38 *	$35.75	-28.4%	COM	24823R105
BEAM	BEAM THERAPEUTICS INC	426,102	$10.57M	0.4%	$24.80 *	$34.55	-26.1%	COM	07373V105
ACMR	ACM RESH INC	680,604	$10.28M	0.4%	$15.10 *	$18.86	-4.2%	COM CL A	00108J109
RERE	ATRENEW INC	3,163,117	$9.11M	0.4%	$2.88	$3.08	—	SPONSORED ADS	00138L108
IVA	INVENTIVA SA	2,644,926	$5.66M	0.2%	$2.14	$10.94	—	ADS	46124U107
DBVT	DBV TECHNOLOGIES S A	656,309	$2.028M	0.1%	$3.09	$3.09	—	SPONSORED ADS	23306J309
TOUR	TUNIU CORP	314,437	$321K	0.0%	$1.02	$0.84	—	SPONSORED ADS	89977P106
—	GENERATION BIO CO	191,530	$203K	0.0%	$1.06	$4.07	—	COM	37148K100
YSG	YATSEN HLDG LTD	10,508	$41,822	0.0%	$3.98	$3.98	—	SPONSORED ADS	985194208