Polunin Capital Partners Ltd Diversified Active

Location: London, United Kingdom

CIK: 0001629869 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 20, 2026

Total Value: $497M (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (5)

EPAM EPAM SYS INC 9.6%

Value $47.58M Shares 417,874 Share Price $113.86 * Est. Cost/Share $103.34 Unrealized @ Report Date +4.9%

BTG B2GOLD CORP 7.4%

Value $36.9M Shares 7,207,801 Share Price $5.12 Est. Cost/Share $4.76 Unrealized @ Report Date +9.7%

DXC DXC TECHNOLOGY CO 1.7%

Value $8.515M Shares 688,329 Share Price $12.37 * Est. Cost/Share $10.63 Unrealized @ Report Date +1.9%

GLOB GLOBANT S A 1.7%

Value $8.427M Shares 227,446 Share Price $37.05 * Est. Cost/Share $35.99 Unrealized @ Report Date -3.6%

YB YUANBAO INC 0.0%

Value $221K Shares 18,047 Share Price $12.25 Est. Cost/Share $13.56 Unrealized @ Report Date -8.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EPAM	EPAM SYS INC	417,874	$47.58M	9.6%	$113.86 *	$103.34	+4.9%	COM	29414B104
BTG	B2GOLD CORP	7,207,801	$36.9M	7.4%	$5.12	$4.76	+9.7%	COM	11777Q209
DXC	DXC TECHNOLOGY CO	688,329	$8.515M	1.7%	$12.37 *	$10.63	+1.9%	COM	23355L106
GLOB	GLOBANT S A	227,446	$8.427M	1.7%	$37.05 *	$35.99	-3.6%	COM	L44385109
YB	YUANBAO INC	18,047	$221K	0.0%	$12.25	$13.56	-8.3%	SPONSORED ADS	987910106

Increased Positions (3)

STNE STONECO LTD 13.3%

Value $66.11M (+68.1%) Shares 5,699,028 (+62.4%) Share Price $11.60 Est. Cost/Share $12.48 Unrealized @ Report Date —

PAGS PAGSEGURO DIGITAL LTD 13.2%

Value $65.52M (+44.0%) Shares 6,134,563 (+24.7%) Share Price $10.68 * Est. Cost/Share $10.87 Unrealized @ Report Date -18.1%

BZUN BAOZUN INC 0.1%

Value $506K (+195.9%) Shares 155,642 (+158.4%) Share Price $3.25 * Est. Cost/Share $2.99 Unrealized @ Report Date +2.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
STNE	STONECO LTD	5,699,028 (+62.4%)	$66.11M (+68.1%)	13.3%	$11.60	$12.48	—	COM CL A	G85158106
PAGS	PAGSEGURO DIGITAL LTD	6,134,563 (+24.7%)	$65.52M (+44.0%)	13.2%	$10.68 *	$10.87	-18.1%	COM CL A	G68707101
BZUN	BAOZUN INC	155,642 (+158.4%)	$506K (+195.9%)	0.1%	$3.25 *	$2.99	+2.4%	SPONSORED ADR	06684L103

Decreased Positions (8)

ACMR ACM RESH INC 10.4%

Value $51.78M (-32.8%) Shares 731,398 (-2.3%) Share Price $70.80 * Est. Cost/Share $53.09 Unrealized @ Report Date +52.4%

BIDU BAIDU INC 4.7%

Value $23.3M (-30.1%) Shares 277,640 (-2.0%) Share Price $83.92 * Est. Cost/Share $91.31 Unrealized @ Report Date -4.9%

CSIQ CANADIAN SOLAR INC 4.6%

Value $22.98M (-27.9%) Shares 2,085,914 (-1.6%) Share Price $11.01 * Est. Cost/Share $21.47 Unrealized @ Report Date -46.4%

WB WEIBO CORP 3.7%

Value $18.49M (-18.1%) Shares 2,871,238 (-1.9%) Share Price $6.44 Est. Cost/Share $8.16 Unrealized @ Report Date -20.9%

JD JD.COM INC 10.4%

Value $51.77M (-6.7%) Shares 1,923,936 (-2.2%) Share Price $26.91 Est. Cost/Share $29.46 Unrealized @ Report Date -9.7%

DQ DAQO NEW ENERGY CORP 3.6%

Value $18.06M (-15.1%) Shares 1,685,023 (-1.7%) Share Price $10.72 * Est. Cost/Share $24.30 Unrealized @ Report Date -53.0%

YMM FULL TRUCK ALLIANCE CO LTD 5.1%

Value $25.28M (-4.8%) Shares 3,035,033 (-2.0%) Share Price $8.33 Est. Cost/Share $7.67 Unrealized @ Report Date +7.8%

ATHM AUTOHOME INC 5.0%

Value $24.74M (-1.2%) Shares 1,214,549 (-1.6%) Share Price $20.37 * Est. Cost/Share $29.23 Unrealized @ Report Date -27.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ACMR	ACM RESH INC	731,398 (-2.3%)	$51.78M (-32.8%)	10.4%	$70.80 *	$53.09	+52.4%	COM CL A	00108J109
BIDU	BAIDU INC	277,640 (-2.0%)	$23.3M (-30.1%)	4.7%	$83.92 *	$91.31	-4.9%	SPON ADR REP A	056752108
CSIQ	CANADIAN SOLAR INC	2,085,914 (-1.6%)	$22.98M (-27.9%)	4.6%	$11.01 *	$21.47	-46.4%	COM	136635109
WB	WEIBO CORP	2,871,238 (-1.9%)	$18.49M (-18.1%)	3.7%	$6.44	$8.16	-20.9%	SPONSORED ADR	948596101
JD	JD.COM INC	1,923,936 (-2.2%)	$51.77M (-6.7%)	10.4%	$26.91	$29.46	-9.7%	SPON ADS CL A	47215P106
DQ	DAQO NEW ENERGY CORP	1,685,023 (-1.7%)	$18.06M (-15.1%)	3.6%	$10.72 *	$24.30	-53.0%	SPNSRD ADS NEW	23703Q203
YMM	FULL TRUCK ALLIANCE CO LTD	3,035,033 (-2.0%)	$25.28M (-4.8%)	5.1%	$8.33	$7.67	+7.8%	SPONSORED ADS	35969L108
ATHM	AUTOHOME INC	1,214,549 (-1.6%)	$24.74M (-1.2%)	5.0%	$20.37 *	$29.23	-27.3%	SP ADS RP CL A	05278C107

Unchanged Positions (8)

HIMX HIMAX TECHNOLOGIES INC 1.9%

Value $9.242M Shares 696,950 Share Price $13.26 * Est. Cost/Share $15.53 Unrealized @ Report Date -9.4%

MOMO HELLO GROUP INC 0.8%

Value $3.908M Shares 835,119 Share Price $4.68 * Est. Cost/Share $5.97 Unrealized @ Report Date -18.9%

GAU GALIANO GOLD INC 0.8%

Value $3.851M Shares 1,834,017 Share Price $2.10 * Est. Cost/Share $2.47 Unrealized @ Report Date -21.5%

TUYA TUYA INC 1.0%

Value $5.029M Shares 2,958,145 Share Price $1.70 Est. Cost/Share $2.18 Unrealized @ Report Date -22.0%

ASHR DBX ETF TR 0.1%

Value $745K Shares 23,183 Share Price $32.14 Est. Cost/Share $28.25 Unrealized @ Report Date +15.7%

MX MAGNACHIP SEMICONDUCTOR CORP 0.0%

Value $189K Shares 59,811 Share Price $3.16 * Est. Cost/Share $13.24 Unrealized @ Report Date -71.6%

PPLT ABRDN PLATINUM ETF TRUST 0.7%

Value $3.607M Shares 243,370 Share Price $14.82 * Est. Cost/Share $103.08 Unrealized @ Report Date -85.1%

CAN CANAAN INC 0.0%

Value $22,000 Shares 74,382 Share Price $0.30 Est. Cost/Share $3.76 Unrealized @ Report Date -90.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HIMX	HIMAX TECHNOLOGIES INC	696,950	$9.242M	1.9%	$13.26 *	$15.53	-9.4%	SPONSORED ADR	43289P106
MOMO	HELLO GROUP INC	835,119	$3.908M	0.8%	$4.68 *	$5.97	-18.9%	ADS	423403104
GAU	GALIANO GOLD INC	1,834,017	$3.851M	0.8%	$2.10 *	$2.47	-21.5%	COM	36352H100
TUYA	TUYA INC	2,958,145	$5.029M	1.0%	$1.70	$2.18	-22.0%	SPONSERED ADS	90114C107
ASHR	DBX ETF TR	23,183	$745K	0.1%	$32.14	$28.25	+15.7%	XTRACK HRVST CSI	233051879
MX	MAGNACHIP SEMICONDUCTOR CORP	59,811	$189K	0.0%	$3.16 *	$13.24	-71.6%	COM	55933J203
PPLT	ABRDN PLATINUM ETF TRUST	243,370	$3.607M	0.7%	$14.82 *	$103.08	-85.1%	PHYSCL PLATM SHS	003260106
CAN	CANAAN INC	74,382	$22,000	0.0%	$0.30	$3.76	-90.8%	SPONSORED ADS	134748102