Tiger Pacific Capital LP Quant / Systematic

CIK: 0001664492 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $373,822 (100.0% shares, 0.0% debt)

Holdings (10)

New Positions (3)

MMYT MAKEMYTRIP LIMITED MAURITIUS 10.9%

Value ($000) $40,889 Shares 497,923 Est. Cost $82.03 Unrealized 0.0%

GDS GDS HLDGS LTD 5.6%

Value ($000) $20,908 Shares 599,097 Est. Cost $34.90 Unrealized —

CPNG COUPANG INC 5.0%

Value ($000) $18,805 Shares 797,169 Est. Cost $28.45 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MMYT	MAKEMYTRIP LIMITED MAURITIUS	497,923	$40,889	10.9%	$82.03	0.0%	SHS	V5633W109
GDS	GDS HLDGS LTD	599,097	$20,908	5.6%	$34.90	—	SPONSORED ADS	36165L108
CPNG	COUPANG INC	797,169	$18,805	5.0%	$28.45	0.0%	CL A	22266T109

Increased Positions (2)

SE SEA LTD 28.3%

Value ($000) $105,680 (+28.9%) Shares 828,410 (+80.6%) Est. Cost $136.02 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 7.5%

Value ($000) $28,019 (+217.0%) Shares 92,200 (+191.3%) Est. Cost $295.45 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SE	SEA LTD	828,410 (+80.6%)	$105,680 (+28.9%)	28.3%	$136.02	—	SPONSORD ADS	81141R100
TSM	TAIWAN SEMICONDUCTOR MFG LTD	92,200 (+191.3%)	$28,019 (+217.0%)	7.5%	$295.45	—	SPONSORED ADS	874039100

Exited Positions (7)

NTES NETEASE INC 7.8%

Value ($000) $28,993 Shares 190,754 Est. Cost $151.99 Unrealized —

PDD PDD HOLDINGS INC 6.6%

Value ($000) $24,758 Shares 187,323 Est. Cost $132.17 Unrealized —

LU LUFAX HOLDING LTD 5.9%

Value ($000) $22,220 Shares 5,472,835 Est. Cost $2.63 Unrealized —

AS AMER SPORTS INC 5.5%

Value ($000) $20,495 Shares 589,770 Est. Cost $30.29 Unrealized +13.3%

GRAB GRAB HOLDINGS LIMITED 3.5%

Value ($000) $13,022 Shares 2,163,100 Est. Cost $5.31 Unrealized +4.1%

EH EHANG HLDGS LTD 2.4%

Value ($000) $8,948 Shares 481,841 Est. Cost $18.57 Unrealized —

MNSO MINISO GROUP HLDG LTD 1.7%

Value ($000) $6,300 Shares 280,000 Est. Cost $22.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NTES	NETEASE INC	190,754	$28,993	7.8%	$151.99	—	—	64110W102
PDD	PDD HOLDINGS INC	187,323	$24,758	6.6%	$132.17	—	—	722304102
LU	LUFAX HOLDING LTD	5,472,835	$22,220	5.9%	$2.63	—	—	54975P201
AS	AMER SPORTS INC	589,770	$20,495	5.5%	$30.29	+13.3%	—	G0260P102
GRAB	GRAB HOLDINGS LIMITED	2,163,100	$13,022	3.5%	$5.31	+4.1%	—	G4124C109
EH	EHANG HLDGS LTD	481,841	$8,948	2.4%	$18.57	—	—	26853E102
MNSO	MINISO GROUP HLDG LTD	280,000	$6,300	1.7%	$22.50	—	—	66981J102

Decreased Positions (3)

EDU NEW ORIENTAL ED & TECHNOLOGY 6.3%

Value ($000) $23,582 (-36.1%) Shares 428,532 (-38.4%) Est. Cost $53.95 Unrealized —

TAL TAL EDUCATION GROUP 23.3%

Value ($000) $87,037 (-7.3%) Shares 7,977,772 (-4.9%) Est. Cost $8.05 Unrealized —

JOYY JOYY INC 5.1%

Value ($000) $19,049 (+8.1%) Shares 294,141 (-2.2%) Est. Cost $58.61 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EDU	NEW ORIENTAL ED & TECHNOLOGY	428,532 (-38.4%)	$23,582 (-36.1%)	6.3%	$53.95	—	SPON ADR	647581206
TAL	TAL EDUCATION GROUP	7,977,772 (-4.9%)	$87,037 (-7.3%)	23.3%	$8.05	—	SPONSORED ADS	874080104
JOYY	JOYY INC	294,141 (-2.2%)	$19,049 (+8.1%)	5.1%	$58.61	—	ADS REPSTG COM A	46591M109

Unchanged Positions (2)

NOAH NOAH HLDGS LTD 5.1%

Value ($000) $18,884 Shares 1,880,865 Est. Cost $30.82 Unrealized —

RERE ATRENEW INC 2.9%

Value ($000) $10,968 Shares 2,069,435 Est. Cost $13.78 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOAH	NOAH HLDGS LTD	1,880,865	$18,884	5.1%	$30.82	—	SPON ADS	65487X102
RERE	ATRENEW INC	2,069,435	$10,968	2.9%	$13.78	—	SPONSORED ADS	00138L108