Polunin Capital Partners Ltd Diversified Active

CIK: 0001629869 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 20, 2026

Total Value ($000): $649 (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (2)

CSIQ CANADIAN SOLAR INC 6.7%

Value ($000) $44 Shares 2,009,769 Est. Cost $21.80 Unrealized 0.0%

GAU GALIANO GOLD INC 0.8%

Value ($000) $5 Shares 1,860,217 Est. Cost $2.47 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSIQ	CANADIAN SOLAR INC	2,009,769	$44	6.7%	$21.80	0.0%	COM	136635109
GAU	GALIANO GOLD INC	1,860,217	$5	0.8%	$2.47	0.0%	COM	36352H100

Increased Positions (3)

BVN COMPANIA DE MINAS BUENAVENTU 2.9%

Value ($000) $19 (+53.3%) Shares 540,381 (+8.2%) Est. Cost $0.01 Unrealized —

HUYA HUYA INC 1.6%

Value ($000) $10 (+22.4%) Shares 2,719,977 (+8.2%) Est. Cost $0.00 Unrealized —

DQ DAQO NEW ENERGY CORP 5.7%

Value ($000) $37 (-1.2%) Shares 1,458,705 (+13.6%) Est. Cost $0.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BVN	COMPANIA DE MINAS BUENAVENTU	540,381 (+8.2%)	$19 (+53.3%)	2.9%	$0.01	—	SPONSORED ADR	204448104
HUYA	HUYA INC	2,719,977 (+8.2%)	$10 (+22.4%)	1.6%	$0.00	—	ADS REP SHS A	44852D108
DQ	DAQO NEW ENERGY CORP	1,458,705 (+13.6%)	$37 (-1.2%)	5.7%	$0.03	—	SPNSRD ADS NEW	23703Q203

Exited Positions (2)

RYAAY RYANAIR HOLDINGS PLC 1.9%

Value ($000) $13 Shares 210,331 Est. Cost $0.04 Unrealized —

NIU NIU TECHNOLOGIES 1.0%

Value ($000) $7 Shares 1,460,883 Est. Cost $0.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RYAAY	RYANAIR HOLDINGS PLC	210,331	$13	1.9%	$0.04	—	—	783513203
NIU	NIU TECHNOLOGIES	1,460,883	$7	1.0%	$0.00	—	—	65481N100

Decreased Positions (13)

JD JD.COM INC 8.7%

Value ($000) $56 (-19.4%) Shares 1,947,668 (-1.2%) Est. Cost $0.03 Unrealized —

CGAU CENTERRA GOLD INC 1.3%

Value ($000) $8 (+39.8%) Shares 491,629 (-4.7%) Est. Cost $6.33 Unrealized +97.9%

KWEB KRANESHARES TRUST 0.1%

Value ($000) $1 (-60.8%) Shares 19,226 (-53.2%) Est. Cost $0.03 Unrealized —

JOYY JOYY INC 1.6%

Value ($000) $11 (+9.7%) Shares 151,493 (-7.3%) Est. Cost $0.04 Unrealized —

CAN CANAAN INC 0.1%

Value ($000) $1 (-44.9%) Shares 1,194,556 (-8.5%) Est. Cost $3.17 Unrealized —

HTT HIGH TEMPLAR TECHNOLOGY LTD 0.1%

Value ($000) $0 (-68.1%) Shares 112,803 (-53.2%) Est. Cost $0.00 Unrealized —

MOMO HELLO GROUP INC 0.9%

Value ($000) $6 (-10.2%) Shares 853,219 (-4.1%) Est. Cost $0.01 Unrealized —

ASHR DBX ETF TR 0.1%

Value ($000) $1 (-42.2%) Shares 23,183 (-43.2%) Est. Cost $0.03 Unrealized —

HIMX HIMAX TECHNOLOGIES INC 0.9%

Value ($000) $6 (-4.9%) Shares 706,750 (-4.4%) Est. Cost $0.01 Unrealized —

DOYU DOUYU INTL HLDGS LTD 0.3%

Value ($000) $2 (-13.5%) Shares 277,828 (-5.3%) Est. Cost $0.01 Unrealized —

BZUN BAOZUN INC 0.0%

Value ($000) $0 (-60.4%) Shares 60,222 (-44.0%) Est. Cost $0.00 Unrealized —

LU LUFAX HOLDING LTD 0.0%

Value ($000) $0 (-69.4%) Shares 41,924 (-53.2%) Est. Cost $0.00 Unrealized —

MX MAGNACHIP SEMICONDUCTOR CORP 0.2%

Value ($000) $1 (-8.9%) Shares 335,148 (-3.7%) Est. Cost $13.65 Unrealized -79.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JD	JD.COM INC	1,947,668 (-1.2%)	$56 (-19.4%)	8.7%	$0.03	—	SPON ADS CL A	47215P106
CGAU	CENTERRA GOLD INC	491,629 (-4.7%)	$8 (+39.8%)	1.3%	$6.33	+97.9%	COM	152006102
KWEB	KRANESHARES TRUST	19,226 (-53.2%)	$1 (-60.8%)	0.1%	$0.03	—	CSI CHI INTERNET	500767306
JOYY	JOYY INC	151,493 (-7.3%)	$11 (+9.7%)	1.6%	$0.04	—	ADS REPSTG COM A	46591M109
CAN	CANAAN INC	1,194,556 (-8.5%)	$1 (-44.9%)	0.1%	$3.17	—	SPONSORED ADS	134748102
HTT	HIGH TEMPLAR TECHNOLOGY LTD	112,803 (-53.2%)	$0 (-68.1%)	0.1%	$0.00	—	SPON ADS	747798106
MOMO	HELLO GROUP INC	853,219 (-4.1%)	$6 (-10.2%)	0.9%	$0.01	—	ADS	423403104
ASHR	DBX ETF TR	23,183 (-43.2%)	$1 (-42.2%)	0.1%	$0.03	—	XTRACK HRVST CSI	233051879
HIMX	HIMAX TECHNOLOGIES INC	706,750 (-4.4%)	$6 (-4.9%)	0.9%	$0.01	—	SPONSORED ADR	43289P106
DOYU	DOUYU INTL HLDGS LTD	277,828 (-5.3%)	$2 (-13.5%)	0.3%	$0.01	—	SPONSORED ADS	25985W204
BZUN	BAOZUN INC	60,222 (-44.0%)	$0 (-60.4%)	0.0%	$0.00	—	SPONSORED ADR	06684L103
LU	LUFAX HOLDING LTD	41,924 (-53.2%)	$0 (-69.4%)	0.0%	$0.00	—	SPONSORED ADR	54975P201
MX	MAGNACHIP SEMICONDUCTOR CORP	335,148 (-3.7%)	$1 (-8.9%)	0.2%	$13.65	-79.6%	COM	55933J203

Unchanged Positions (6)

BABA ALIBABA GROUP HLDG LTD 35.3%

Value ($000) $229 Shares 1,383,722 Est. Cost $0.10 Unrealized —

STNE STONECO LTD 7.5%

Value ($000) $49 Shares 3,356,763 Est. Cost $0.01 Unrealized —

YMM FULL TRUCK ALLIANCE CO LTD 4.8%

Value ($000) $31 Shares 3,152,133 Est. Cost $0.01 Unrealized —

ATHM AUTOHOME INC 4.1%

Value ($000) $26 Shares 1,143,866 Est. Cost $25.43 Unrealized —

PAGS PAGSEGURO DIGITAL LTD 6.9%

Value ($000) $45 Shares 4,450,160 Est. Cost $11.39 Unrealized -15.8%

BIDU BAIDU INC 9.5%

Value ($000) $62 Shares 413,496 Est. Cost $0.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	1,383,722	$229	35.3%	$0.10	—	SPONSORED ADS	01609W102
STNE	STONECO LTD	3,356,763	$49	7.5%	$0.01	—	COM CL A	G85158106
YMM	FULL TRUCK ALLIANCE CO LTD	3,152,133	$31	4.8%	$0.01	—	SPONSORED ADS	35969L108
ATHM	AUTOHOME INC	1,143,866	$26	4.1%	$25.43	—	SP ADS RP CL A	05278C107
PAGS	PAGSEGURO DIGITAL LTD	4,450,160	$45	6.9%	$11.39	-15.8%	COM CL A	G68707101
BIDU	BAIDU INC	413,496	$62	9.5%	$0.09	—	SPON ADR REP A	056752108