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

CIK: 0001447228 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $1,110,621 (100.0% shares, 0.0% debt)

Holdings (25)

JD JD.COM INC 47.5%

Value ($000) $528,079 Shares 16,178,900 Est. Cost $32.65 Unrealized —

BILI BILIBILI INC 17.5%

Value ($000) $194,000 Shares 9,044,300 Est. Cost $21.59 Unrealized —

NOAH NOAH HLDGS LTD 7.2%

Value ($000) $80,233 Shares 6,719,722 Est. Cost $31.83 Unrealized —

ULS UL SOLUTIONS INC 5.5%

Value ($000) $61,334 Shares 841,800 Est. Cost — Unrealized —

BILI BILIBILI INC 3.7%

Value ($000) $41,153 Shares 1,918,564 Est. Cost $21.59 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 2.9%

Value ($000) $32,266 Shares 598,080 Est. Cost $24.02 Unrealized —

PLNT PLANET FITNESS INC 2.7%

Value ($000) $29,444 Shares 270,000 Est. Cost — Unrealized —

JD JD.COM INC 2.3%

Value ($000) $25,701 Shares 787,413 Est. Cost $32.65 Unrealized —

VSAT VIASAT INC 2.0%

Value ($000) $21,659 Shares 1,483,500 Est. Cost — Unrealized —

HTHT H WORLD GROUP LTD 1.5%

Value ($000) $16,586 Shares 488,964 Est. Cost $36.39 Unrealized —

— AKERO THERAPEUTICS INC 1.4%

Value ($000) $15,997 Shares 299,791 Est. Cost $24.82 Unrealized —

RERE ATRENEW INC 0.9%

Value ($000) $10,470 Shares 3,163,117 Est. Cost $3.08 Unrealized —

IVA INVENTIVA SA 0.8%

Value ($000) $8,437 Shares 2,644,926 Est. Cost $10.94 Unrealized —

ACMR ACM RESH INC 0.7%

Value ($000) $7,257 Shares 280,201 Est. Cost $18.86 Unrealized +19.2%

VRDN VIRIDIAN THERAPEUTICS INC 0.6%

Value ($000) $6,994 Shares 500,261 Est. Cost $23.45 Unrealized -42.1%

DNLI DENALI THERAPEUTICS INC 0.6%

Value ($000) $6,575 Shares 469,981 Est. Cost $35.75 Unrealized -60.6%

DBVT DBV TECHNOLOGIES S A 0.5%

Value ($000) $6,012 Shares 656,309 Est. Cost $3.09 Unrealized —

KYMR KYMERA THERAPEUTICS INC 0.5%

Value ($000) $5,350 Shares 122,605 Est. Cost $36.45 Unrealized -5.5%

SVCO SILVACO GROUP INC 0.5%

Value ($000) $5,174 Shares 1,096,282 Est. Cost $6.68 Unrealized -29.1%

TAL TAL EDUCATION GROUP 0.3%

Value ($000) $3,160 Shares 309,240 Est. Cost $8.42 Unrealized —

API AGORA INC 0.2%

Value ($000) $2,033 Shares 533,547 Est. Cost $3.89 Unrealized —

BEAM BEAM THERAPEUTICS INC 0.1%

Value ($000) $1,175 Shares 69,058 Est. Cost $34.55 Unrealized -49.6%

YSG YATSEN HLDG LTD 0.1%

Value ($000) $929 Shares 96,328 Est. Cost $4.72 Unrealized —

— GENERATION BIO CO 0.0%

Value ($000) $338 Shares 1,055,269 Est. Cost $1.00 Unrealized —

TOUR TUNIU CORP 0.0%

Value ($000) $265 Shares 314,437 Est. Cost $0.84 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JD	JD.COM INC	16,178,900	$528,079	47.5%	$32.65	—	Call	47215P106
BILI	BILIBILI INC	9,044,300	$194,000	17.5%	$21.59	—	Call	090040106
NOAH	NOAH HLDGS LTD	6,719,722	$80,233	7.2%	$31.83	—	SPON ADS	65487X102
ULS	UL SOLUTIONS INC	841,800	$61,334	5.5%	—	—	Put	903731107
BILI	BILIBILI INC	1,918,564	$41,153	3.7%	$21.59	—	SPONS ADS REP Z	090040106
EDU	NEW ORIENTAL ED & TECHNOLOGY	598,080	$32,266	2.9%	$24.02	—	SPON ADR	647581206
PLNT	PLANET FITNESS INC	270,000	$29,444	2.7%	—	—	Put	72703H101
JD	JD.COM INC	787,413	$25,701	2.3%	$32.65	—	SPON ADS CL A	47215P106
VSAT	VIASAT INC	1,483,500	$21,659	2.0%	—	—	Put	92552V100
HTHT	H WORLD GROUP LTD	488,964	$16,586	1.5%	$36.39	—	SPONSORED ADS	44332N106
—	AKERO THERAPEUTICS INC	299,791	$15,997	1.4%	$24.82	—	COM	00973Y108
RERE	ATRENEW INC	3,163,117	$10,470	0.9%	$3.08	—	SPONSORED ADS	00138L108
IVA	INVENTIVA SA	2,644,926	$8,437	0.8%	$10.94	—	ADS	46124U107
ACMR	ACM RESH INC	280,201	$7,257	0.7%	$18.86	+19.2%	COM CL A	00108J109
VRDN	VIRIDIAN THERAPEUTICS INC	500,261	$6,994	0.6%	$23.45	-42.1%	COM	92790C104
DNLI	DENALI THERAPEUTICS INC	469,981	$6,575	0.6%	$35.75	-60.6%	COM	24823R105
DBVT	DBV TECHNOLOGIES S A	656,309	$6,012	0.5%	$3.09	—	SPONSORED ADS	23306J309
KYMR	KYMERA THERAPEUTICS INC	122,605	$5,350	0.5%	$36.45	-5.5%	COM	501575104
SVCO	SILVACO GROUP INC	1,096,282	$5,174	0.5%	$6.68	-29.1%	COM	82728C102
TAL	TAL EDUCATION GROUP	309,240	$3,160	0.3%	$8.42	—	SPONSORED ADS	874080104
API	AGORA INC	533,547	$2,033	0.2%	$3.89	—	ADS	00851L103
BEAM	BEAM THERAPEUTICS INC	69,058	$1,175	0.1%	$34.55	-49.6%	COM	07373V105
YSG	YATSEN HLDG LTD	96,328	$929	0.1%	$4.72	—	SPONSORED ADS	985194208
—	GENERATION BIO CO	1,055,269	$338	0.0%	$1.00	—	COM	37148K100
TOUR	TUNIU CORP	314,437	$265	0.0%	$0.84	—	SPONSORED ADS	89977P106