HSG Holding Ltd Long-Term Concentrated

Location: Na, Hong Kong

CIK: 0001470766 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $1.197B (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (2)

GYRE GYRE THERAPEUTICS INC 2.1%

Value $24.71M Shares 3,750,299 Est. Cost $6.59 Unrealized —

YMT YIMUTIAN INC 0.0%

Value $122K Shares 229,470 Est. Cost $0.53 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GYRE	GYRE THERAPEUTICS INC	3,750,299	$24.71M	2.1%	$6.59	—	COM	403783103
YMT	YIMUTIAN INC	229,470	$122K	0.0%	$0.53	—	SPONSORED ADS	985915206

Exited Positions (2)

BULL WEBULL CORP 4.6%

Value $55.23M Shares 7,053,639 Est. Cost $14.97 Unrealized —

YMT YIMUTIAN INC 0.0%

Value $544K Shares 3,442,060 Est. Cost $0.16 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BULL	WEBULL CORP	7,053,639	$55.23M	4.6%	$14.97	—	—	G9572D103
YMT	YIMUTIAN INC	3,442,060	$544K	0.0%	$0.16	—	—	985915107

Unchanged Positions (18)

PDD PDD HOLDINGS INC 72.3%

Value $866M Shares 11,348,426 Est. Cost $121.85 Unrealized —

BEKE KE HLDGS INC 2.4%

Value $28.17M Shares 1,939,017 Est. Cost $34.30 Unrealized —

PONY PONY AI INC 4.4%

Value $52.39M Shares 7,538,358 Est. Cost $13.28 Unrealized —

AVBP ARRIVENT BIOPHARMA INC 1.9%

Value $23.04M Shares 663,308 Est. Cost $20.17 Unrealized —

GPCR STRUCTURE THERAPEUTICS INC 1.2%

Value $14.28M Shares 266,062 Est. Cost $50.42 Unrealized —

DDL DINGDONG CAYMAN LTD 1.6%

Value $19.48M Shares 10,091,839 Est. Cost $3.55 Unrealized —

CRCL CIRCLE INTERNET GROUP INC 3.5%

Value $41.91M Shares 669,200 Est. Cost $85.41 Unrealized —

FUTU FUTU HLDGS LTD 5.8%

Value $69.4M Shares 740,352 Est. Cost $158.82 Unrealized —

ADAG ADAGENE INC 0.5%

Value $5.642M Shares 1,343,364 Est. Cost $14.36 Unrealized —

BZ KANZHUN LIMITED 2.0%

Value $24.45M Shares 1,900,000 Est. Cost $24.04 Unrealized —

LYEL LYELL IMMUNOPHARMA INC 0.2%

Value $2.14M Shares 152,299 Est. Cost $9.11 Unrealized —

THCH TH INTERNATIONAL LIMITED 0.5%

Value $5.54M Shares 2,900,606 Est. Cost $2.71 Unrealized —

BTDR BITDEER TECHNOLOGIES GROUP 0.4%

Value $4.662M Shares 293,732 Est. Cost $7.36 Unrealized —

LOT LOTUS TECHNOLOGY INC 0.5%

Value $5.656M Shares 4,834,099 Est. Cost $4.34 Unrealized —

SLAI SOLAI LIMITED 0.1%

Value $1.125M Shares 350,427 Est. Cost $2.70 Unrealized —

COE 51TALK ONLINE EDUCATION GROU 0.6%

Value $7.575M Shares 474,901 Est. Cost $8.90 Unrealized —

BRNS BARINTHUS BIOTHERAPEUTICS PL 0.1%

Value $938K Shares 1,420,473 Est. Cost $4.45 Unrealized —

BNR BURNING ROCK BIOTECH LTD 0.0%

Value $178K Shares 21,212 Est. Cost $7.32 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	11,348,426	$866M	72.3%	$121.85	—	SPONSORED ADS	722304102
BEKE	KE HLDGS INC	1,939,017	$28.17M	2.4%	$34.30	—	SPONSORED ADS	482497104
PONY	PONY AI INC	7,538,358	$52.39M	4.4%	$13.28	—	SPONSORED ADS	732908108
AVBP	ARRIVENT BIOPHARMA INC	663,308	$23.04M	1.9%	$20.17	—	COM	04272N102
GPCR	STRUCTURE THERAPEUTICS INC	266,062	$14.28M	1.2%	$50.42	—	SPONSORED ADS	86366E106
DDL	DINGDONG CAYMAN LTD	10,091,839	$19.48M	1.6%	$3.55	—	ADS	25445D101
CRCL	CIRCLE INTERNET GROUP INC	669,200	$41.91M	3.5%	$85.41	—	COM CL A	172573107
FUTU	FUTU HLDGS LTD	740,352	$69.4M	5.8%	$158.82	—	SPON ADS CL A	36118L106
ADAG	ADAGENE INC	1,343,364	$5.642M	0.5%	$14.36	—	ADS	005329107
BZ	KANZHUN LIMITED	1,900,000	$24.45M	2.0%	$24.04	—	SPONSORED ADS	48553T106
LYEL	LYELL IMMUNOPHARMA INC	152,299	$2.14M	0.2%	$9.11	—	COM NEW	55083R203
THCH	TH INTERNATIONAL LIMITED	2,900,606	$5.54M	0.5%	$2.71	—	SHS NEW	G8656L130
BTDR	BITDEER TECHNOLOGIES GROUP	293,732	$4.662M	0.4%	$7.36	—	CL A ORD SHS	G11448100
LOT	LOTUS TECHNOLOGY INC	4,834,099	$5.656M	0.5%	$4.34	—	SPONSORED ADR	54572F101
SLAI	SOLAI LIMITED	350,427	$1.125M	0.1%	$2.70	—	SPON ADR	055474209
COE	51TALK ONLINE EDUCATION GROU	474,901	$7.575M	0.6%	$8.90	—	SPONSORED ADR	16954L204
BRNS	BARINTHUS BIOTHERAPEUTICS PL	1,420,473	$938K	0.1%	$4.45	—	ADS	91864C107
BNR	BURNING ROCK BIOTECH LTD	21,212	$178K	0.0%	$7.32	—	SPONSORED ADS	12233L206