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

CIK: 0001447228 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 16, 2025

Total Value ($000): $1,075,731 (100.0% shares, 0.0% debt)

Holdings (25)

JD JD.COM INC 48.1%

Value ($000) $517,771 Shares 12,591,700 Est. Cost $32.65 Unrealized —

BILI BILIBILI INC 18.0%

Value ($000) $193,177 Shares 10,108,700 Est. Cost $21.59 Unrealized —

NOAH NOAH HLDGS LTD 5.9%

Value ($000) $63,501 Shares 6,719,722 Est. Cost $31.83 Unrealized —

BILI BILIBILI INC 5.6%

Value ($000) $60,075 Shares 3,143,667 Est. Cost $21.59 Unrealized —

ALAB ASTERA LABS INC 4.6%

Value ($000) $49,902 Shares 836,300 Est. Cost — Unrealized —

— AKERO THERAPEUTICS INC 2.8%

Value ($000) $30,421 Shares 751,500 Est. Cost $24.82 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 2.7%

Value ($000) $28,594 Shares 598,080 Est. Cost $24.02 Unrealized —

HTHT H WORLD GROUP LTD 2.2%

Value ($000) $23,896 Shares 645,658 Est. Cost $36.39 Unrealized —

JD JD.COM INC 2.2%

Value ($000) $23,196 Shares 564,113 Est. Cost $32.65 Unrealized —

RBLX ROBLOX CORP 1.5%

Value ($000) $16,457 Shares 282,338 Est. Cost $40.11 Unrealized +56.7%

— AKERO THERAPEUTICS INC 1.4%

Value ($000) $14,564 Shares 359,791 Est. Cost $24.82 Unrealized —

RERE ATRENEW INC 0.9%

Value ($000) $9,300 Shares 3,163,117 Est. Cost $3.08 Unrealized —

VRDN VIRIDIAN THERAPEUTICS INC 0.6%

Value ($000) $6,744 Shares 500,261 Est. Cost $23.45 Unrealized -27.4%

ACMR ACM RESH INC 0.6%

Value ($000) $6,540 Shares 280,201 Est. Cost $18.86 Unrealized +21.1%

DNLI DENALI THERAPEUTICS INC 0.6%

Value ($000) $6,389 Shares 469,981 Est. Cost $35.75 Unrealized -46.4%

IVA INVENTIVA SA 0.5%

Value ($000) $5,660 Shares 2,644,926 Est. Cost $10.94 Unrealized —

SVCO SILVACO GROUP INC 0.4%

Value ($000) $4,616 Shares 1,012,332 Est. Cost $6.84 Unrealized 0.0%

DBVT DBV TECHNOLOGIES S A 0.4%

Value ($000) $4,476 Shares 656,309 Est. Cost $3.09 Unrealized —

TAL TAL EDUCATION GROUP 0.4%

Value ($000) $4,085 Shares 309,240 Est. Cost $8.42 Unrealized —

KYMR KYMERA THERAPEUTICS INC 0.3%

Value ($000) $3,356 Shares 122,605 Est. Cost $36.45 Unrealized 0.0%

BEAM BEAM THERAPEUTICS INC 0.1%

Value ($000) $1,349 Shares 69,058 Est. Cost $34.55 Unrealized -24.2%

API AGORA INC 0.1%

Value ($000) $774 Shares 192,580 Est. Cost $4.02 Unrealized —

YSG YATSEN HLDG LTD 0.0%

Value ($000) $463 Shares 96,328 Est. Cost $4.72 Unrealized —

TOUR TUNIU CORP 0.0%

Value ($000) $346 Shares 314,437 Est. Cost $0.84 Unrealized —

— GENERATION BIO CO 0.0%

Value ($000) $78 Shares 191,530 Est. Cost $4.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JD	JD.COM INC	12,591,700	$517,771	48.1%	$32.65	—	Call	47215P106
BILI	BILIBILI INC	10,108,700	$193,177	18.0%	$21.59	—	Call	090040106
NOAH	NOAH HLDGS LTD	6,719,722	$63,501	5.9%	$31.83	—	SPON ADS	65487X102
BILI	BILIBILI INC	3,143,667	$60,075	5.6%	$21.59	—	SPONS ADS REP Z	090040106
ALAB	ASTERA LABS INC	836,300	$49,902	4.6%	—	—	Put	04626A103
—	AKERO THERAPEUTICS INC	751,500	$30,421	2.8%	$24.82	—	Call	00973Y108
EDU	NEW ORIENTAL ED & TECHNOLOGY	598,080	$28,594	2.7%	$24.02	—	SPON ADR	647581206
HTHT	H WORLD GROUP LTD	645,658	$23,896	2.2%	$36.39	—	SPONSORED ADS	44332N106
JD	JD.COM INC	564,113	$23,196	2.2%	$32.65	—	SPON ADS CL A	47215P106
RBLX	ROBLOX CORP	282,338	$16,457	1.5%	$40.11	+56.7%	CL A	771049103
—	AKERO THERAPEUTICS INC	359,791	$14,564	1.4%	$24.82	—	COM	00973Y108
RERE	ATRENEW INC	3,163,117	$9,300	0.9%	$3.08	—	SPONSORED ADS	00138L108
VRDN	VIRIDIAN THERAPEUTICS INC	500,261	$6,744	0.6%	$23.45	-27.4%	COM	92790C104
ACMR	ACM RESH INC	280,201	$6,540	0.6%	$18.86	+21.1%	COM CL A	00108J109
DNLI	DENALI THERAPEUTICS INC	469,981	$6,389	0.6%	$35.75	-46.4%	COM	24823R105
IVA	INVENTIVA SA	2,644,926	$5,660	0.5%	$10.94	—	ADS	46124U107
SVCO	SILVACO GROUP INC	1,012,332	$4,616	0.4%	$6.84	0.0%	COM	82728C102
DBVT	DBV TECHNOLOGIES S A	656,309	$4,476	0.4%	$3.09	—	SPONSORED ADS	23306J309
TAL	TAL EDUCATION GROUP	309,240	$4,085	0.4%	$8.42	—	SPONSORED ADS	874080104
KYMR	KYMERA THERAPEUTICS INC	122,605	$3,356	0.3%	$36.45	0.0%	COM	501575104
BEAM	BEAM THERAPEUTICS INC	69,058	$1,349	0.1%	$34.55	-24.2%	COM	07373V105
API	AGORA INC	192,580	$774	0.1%	$4.02	—	ADS	00851L103
YSG	YATSEN HLDG LTD	96,328	$463	0.0%	$4.72	—	SPONSORED ADS	985194208
TOUR	TUNIU CORP	314,437	$346	0.0%	$0.84	—	SPONSORED ADS	89977P106
—	GENERATION BIO CO	191,530	$78	0.0%	$4.07	—	COM	37148K100