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

Location: San Francisco, CA

CIK: 0001447228 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 16, 2025

Total Value: $1.076B (100.0% shares, 0.0% debt)

Holdings (25)

JD JD.COM INC 48.1%

Value $518M Shares 12,591,700 Share Price $41.12 Est. Cost/Share $32.65 Unrealized @ Report Date —

BILI BILIBILI INC 18.0%

Value $193M Shares 10,108,700 Share Price $19.11 Est. Cost/Share $21.59 Unrealized @ Report Date —

NOAH NOAH HLDGS LTD 5.9%

Value $63.5M Shares 6,719,722 Share Price $9.45 Est. Cost/Share $31.83 Unrealized @ Report Date —

BILI BILIBILI INC 5.6%

Value $60.08M Shares 3,143,667 Share Price $19.11 Est. Cost/Share $21.59 Unrealized @ Report Date —

ALAB ASTERA LABS INC 4.6%

Value $49.9M Shares 836,300 Share Price $59.67 Est. Cost/Share — Unrealized @ Report Date —

— AKERO THERAPEUTICS INC 2.8%

Value $30.42M Shares 751,500 Share Price $40.48 Est. Cost/Share $24.82 Unrealized @ Report Date —

EDU NEW ORIENTAL ED & TECHNOLOGY 2.7%

Value $28.59M Shares 598,080 Share Price $47.81 Est. Cost/Share $24.02 Unrealized @ Report Date —

HTHT H WORLD GROUP LTD 2.2%

Value $23.9M Shares 645,658 Share Price $37.01 Est. Cost/Share $36.39 Unrealized @ Report Date —

JD JD.COM INC 2.2%

Value $23.2M Shares 564,113 Share Price $41.12 Est. Cost/Share $32.65 Unrealized @ Report Date —

RBLX ROBLOX CORP 1.5%

Value $16.46M Shares 282,338 Share Price $58.29 * Est. Cost/Share $40.11 Unrealized @ Report Date +56.7%

— AKERO THERAPEUTICS INC 1.4%

Value $14.56M Shares 359,791 Share Price $40.48 Est. Cost/Share $24.82 Unrealized @ Report Date —

RERE ATRENEW INC 0.9%

Value $9.3M Shares 3,163,117 Share Price $2.94 Est. Cost/Share $3.08 Unrealized @ Report Date —

VRDN VIRIDIAN THERAPEUTICS INC 0.6%

Value $6.744M Shares 500,261 Share Price $13.48 * Est. Cost/Share $23.45 Unrealized @ Report Date -27.4%

ACMR ACM RESH INC 0.6%

Value $6.54M Shares 280,201 Share Price $23.34 * Est. Cost/Share $18.86 Unrealized @ Report Date +21.1%

DNLI DENALI THERAPEUTICS INC 0.6%

Value $6.389M Shares 469,981 Share Price $13.60 * Est. Cost/Share $35.75 Unrealized @ Report Date -46.4%

IVA INVENTIVA SA 0.5%

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

SVCO SILVACO GROUP INC 0.4%

Value $4.616M Shares 1,012,332 Share Price $4.56 * Est. Cost/Share $6.84 Unrealized @ Report Date 0.0%

DBVT DBV TECHNOLOGIES S A 0.4%

Value $4.476M Shares 656,309 Share Price $6.82 Est. Cost/Share $3.09 Unrealized @ Report Date —

TAL TAL EDUCATION GROUP 0.4%

Value $4.085M Shares 309,240 Share Price $13.21 Est. Cost/Share $8.42 Unrealized @ Report Date —

KYMR KYMERA THERAPEUTICS INC 0.3%

Value $3.356M Shares 122,605 Share Price $27.37 * Est. Cost/Share $36.45 Unrealized @ Report Date 0.0%

BEAM BEAM THERAPEUTICS INC 0.1%

Value $1.349M Shares 69,058 Share Price $19.53 * Est. Cost/Share $34.55 Unrealized @ Report Date -24.2%

API AGORA INC 0.1%

Value $774K Shares 192,580 Share Price $4.02 Est. Cost/Share $4.02 Unrealized @ Report Date —

YSG YATSEN HLDG LTD 0.0%

Value $463K Shares 96,328 Share Price $4.81 Est. Cost/Share $4.72 Unrealized @ Report Date —

TOUR TUNIU CORP 0.0%

Value $346K Shares 314,437 Share Price $1.10 Est. Cost/Share $0.84 Unrealized @ Report Date —

— GENERATION BIO CO 0.0%

Value $77,570 Shares 191,530 Share Price $0.41 Est. Cost/Share $4.07 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
JD	JD.COM INC	12,591,700	$518M	48.1%	$41.12	$32.65	—	Call	47215P106
BILI	BILIBILI INC	10,108,700	$193M	18.0%	$19.11	$21.59	—	Call	090040106
NOAH	NOAH HLDGS LTD	6,719,722	$63.5M	5.9%	$9.45	$31.83	—	SPON ADS	65487X102
BILI	BILIBILI INC	3,143,667	$60.08M	5.6%	$19.11	$21.59	—	SPONS ADS REP Z	090040106
ALAB	ASTERA LABS INC	836,300	$49.9M	4.6%	$59.67	—	—	Put	04626A103
—	AKERO THERAPEUTICS INC	751,500	$30.42M	2.8%	$40.48	$24.82	—	Call	00973Y108
EDU	NEW ORIENTAL ED & TECHNOLOGY	598,080	$28.59M	2.7%	$47.81	$24.02	—	SPON ADR	647581206
HTHT	H WORLD GROUP LTD	645,658	$23.9M	2.2%	$37.01	$36.39	—	SPONSORED ADS	44332N106
JD	JD.COM INC	564,113	$23.2M	2.2%	$41.12	$32.65	—	SPON ADS CL A	47215P106
RBLX	ROBLOX CORP	282,338	$16.46M	1.5%	$58.29 *	$40.11	+56.7%	CL A	771049103
—	AKERO THERAPEUTICS INC	359,791	$14.56M	1.4%	$40.48	$24.82	—	COM	00973Y108
RERE	ATRENEW INC	3,163,117	$9.3M	0.9%	$2.94	$3.08	—	SPONSORED ADS	00138L108
VRDN	VIRIDIAN THERAPEUTICS INC	500,261	$6.744M	0.6%	$13.48 *	$23.45	-27.4%	COM	92790C104
ACMR	ACM RESH INC	280,201	$6.54M	0.6%	$23.34 *	$18.86	+21.1%	COM CL A	00108J109
DNLI	DENALI THERAPEUTICS INC	469,981	$6.389M	0.6%	$13.60 *	$35.75	-46.4%	COM	24823R105
IVA	INVENTIVA SA	2,644,926	$5.66M	0.5%	$2.14	$10.94	—	ADS	46124U107
SVCO	SILVACO GROUP INC	1,012,332	$4.616M	0.4%	$4.56 *	$6.84	0.0%	COM	82728C102
DBVT	DBV TECHNOLOGIES S A	656,309	$4.476M	0.4%	$6.82	$3.09	—	SPONSORED ADS	23306J309
TAL	TAL EDUCATION GROUP	309,240	$4.085M	0.4%	$13.21	$8.42	—	SPONSORED ADS	874080104
KYMR	KYMERA THERAPEUTICS INC	122,605	$3.356M	0.3%	$27.37 *	$36.45	0.0%	COM	501575104
BEAM	BEAM THERAPEUTICS INC	69,058	$1.349M	0.1%	$19.53 *	$34.55	-24.2%	COM	07373V105
API	AGORA INC	192,580	$774K	0.1%	$4.02	$4.02	—	ADS	00851L103
YSG	YATSEN HLDG LTD	96,328	$463K	0.0%	$4.81	$4.72	—	SPONSORED ADS	985194208
TOUR	TUNIU CORP	314,437	$346K	0.0%	$1.10	$0.84	—	SPONSORED ADS	89977P106
—	GENERATION BIO CO	191,530	$77,570	0.0%	$0.41	$4.07	—	COM	37148K100