Yiheng Capital Management, L.P.
CIK 1447228 · Holdings on Jun 30, 2025 · First reported Aug 14, 2025
Top ten holdings
Q2 2025- NOAH29.06%
- BILI14.90%
- EDU11.69%
- JD9.31%
- HTHT6.01%
- AKRO5.79%
- RERE3.79%
- IVA3.06%
- ACMR2.63%
- VRDN2.53%
Share classes counted separately88.77%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- NOAHWeight increased · +6.74 pp22.32% → 29.06%Shares 0 (0.00%)
- BILIWeight decreased · -6.22 pp21.12% → 14.90%Shares -1.23M (-38.97%)
- HTHTWeight decreased · -2.39 pp8.40% → 6.01%Shares -156.69K (-24.27%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 20
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | NOAHNOAH HOLDINGS LTD-SPON ADSSPON ADS View history and evidence | $80.23M | 29.06% | 6.72M shares | 22.32% → 29.06%+6.74 pp 0 (0.00%) | Unchanged | ↗▾ |
| 02 | BILIBILIBILI INC-SPONSORED ADRSPONS ADS REP Z View history and evidence | $41.15M | 14.90% | 1.92M shares | 21.12% → 14.90%-6.22 pp -1.23M (-38.97%) | Reduced | ↗▾ |
| 03 | EDUNEW ORIENTAL EDUCATIO-SP ADRSPON ADR View history and evidence | $32.27M | 11.69% | 598.08K shares | 10.05% → 11.69%+1.64 pp 0 (0.00%) | Unchanged | ↗▾ |
| 04 | JDJD.COM INC-ADRSPON ADS CL A View history and evidence | $25.70M | 9.31% | 787.41K shares | 8.15% → 9.31%+1.16 pp +223.30K (+39.58%) | Added | ↗▾ |
| 05 | HTHTH WORLD GROUP LTD-ADRSPONSORED ADS View history and evidence | $16.59M | 6.01% | 488.96K shares | 8.40% → 6.01%-2.39 pp -156.69K (-24.27%) | Reduced | ↗▾ |
| 06 | AKROAKERO THERAPEUTICS INC View history and evidence | $16.00M | 5.79% | 299.79K shares | 5.12% → 5.79%+0.67 pp -60.00K (-16.68%) | Reduced | ↗▾ |
| 07 | REREATRENEW INCSPONSORED ADS View history and evidence | $10.47M | 3.79% | 3.16M shares | 3.27% → 3.79%+0.52 pp 0 (0.00%) | Unchanged | ↗▾ |
| 08 | IVAINVENTIVA SA - ADRADS View history and evidence | $8.44M | 3.06% | 2.64M shares | 1.99% → 3.06%+1.07 pp 0 (0.00%) | Unchanged | ↗▾ |
| 09 | ACMRACM RESEARCH INC-CLASS ACOM CL A View history and evidence | $7.26M | 2.63% | 280.20K shares | 2.30% → 2.63%+0.33 pp 0 (0.00%) | Unchanged | ↗▾ |
| 10 | VRDNVIRIDIAN THERAPEUTICS INC View history and evidence | $6.99M | 2.53% | 500.26K shares | 2.37% → 2.53%+0.16 pp 0 (0.00%) | Unchanged | ↗▾ |
Options overlay 5
$834.52M notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
JDJD.COM INC-ADRSPON ADS CL A View history and evidence | Call | 16.18M | $528.08M | +3.59M (+28.49%) | ▾ |
BILIBILIBILI INC-SPONSORED ADRSPONS ADS REP Z View history and evidence | Call | 9.04M | $194.00M | -1.06M (-10.53%) | ▾ |
ULSUL SOLUTIONS INC - CLASS ACLASS A COM SHS View history and evidence | Put | 841.80K | $61.33M | +841.80K | ▾ |
3 / 5 options · preview only
Exited positions 3
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| ALAB ASTERA LABS INC | Put | -836,300 | -$49.90M | SEC filing ↗ | SEC filing ↗ |
| AKRO AKERO THERAPEUTICS INC | Call | -751,500 | -$30.42M | SEC filing ↗ | SEC filing ↗ |
| RBLX ROBLOX CORP -CLASS A | Non-derivative | -282,338 | -$16.46M | SEC filing ↗ | SEC filing ↗ |
3 / 3 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1447228 · Period 2025-06-30
Data loaded 2026-09-23 · First reported 2025-08-14
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 1110621293
}Take these holdings further.
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