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Polunin Capital Partners Ltd

10 CAVALRY SQUARE, LONDON, X0 SW3 4RB • 02078248800

Q2 2025 · Filed 2025-07-10
Market Value
$612M
+23.6%
Holdings
26
-2
New Purchases
0
Added To
4
Closed
0
Reduced
6
Top 10 Concentration
88.6%
Turnover
0.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STNE 9.24% 7.32% +1.92% $57M
HSAI 4.40% 3.15% +1.25% $27M
RYAAY 2.02% 1.69% +0.34% $12M
BRFS 10.92% 10.60% +0.32% $67M
UGP 5.13% 4.84% +0.29% $31M
MOMO 1.01% 0.77% +0.24% $6M
HIMX 1.14% 0.90% +0.24% $7M
JOYY 1.47% 1.29% +0.18% $9M
HUYA 0.84% 0.73% +0.11% $5M
MX 0.24% 0.19% +0.04% $1M
CGAU 0.61% 0.59% +0.02% $4M
QD 0.13% 0.11% +0.02% $779K
BVN 1.32% 1.31% +0.02% $8M
WB 0.90% 0.89% +0.01% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JD 10.89% 13.36% -2.47% $67M
BABA 25.19% 26.61% -1.43% $154M
ATHM 5.24% 5.74% -0.50% $32M
BIDU 5.08% 5.36% -0.28% $31M
PAGS 5.78% 5.91% -0.14% $35M
YMM 6.74% 6.82% -0.08% $41M
CAN 0.16% 0.19% -0.03% $963K
TAL 0.16% 0.18% -0.02% $966K
DOYU 0.35% 0.37% -0.02% $2M
NIU 0.62% 0.63% -0.01% $4M
ASHR 0.19% 0.20% -0.01% $1M
KWEB 0.23% 0.23% -0.00% $1M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 50.9%
Consumer Cyclical 27.4%
Communication Services 13.5%
Energy 6.6%
Basic Materials 1.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $154M 25.2%
Large Cap 3 $110M 18.0%
Mid Cap 13 $290M 47.3%
Small Cap 5 $50M 8.1%
Micro Cap 4 $8M 1.4%

Portfolio Analytics

Avg Market Cap
$18.7B
Median Market Cap
$2.8B
Avg P/E
16.3
Median P/E
8.4
Avg Dividend Yield
0.06%
Avg Beta
0.82
# Stocks
24
# ETFs / Funds
2

Top Holdings (26 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BABA 25.19% 1,426,634 $154M $107.99 $22M +101,514 +7.7%
2 BRFS 10.92% 16,829,511 $67M $3.97 $14M -37,600 -0.2%
3 JD 10.89% 2,037,856 $67M $32.70 $528K +35,747 +1.8%
4 STNE 9.24% 3,464,288 $57M $16.31 $20M -8,000 -0.2%
5 YMM 6.74% 3,247,146 $41M $12.70 $8M -8,600 -0.3%
6 PAGS 5.78% 3,835,371 $35M $9.21 $6M -10,100 -0.3%
7 ATHM 5.24% 1,189,315 $32M $26.93 $4M -2,700 -0.2%
8 UGP 5.13% 9,457,242 $31M $3.32 $7M +776,808 +8.9%
9 BIDU 5.08% 343,872 $31M $90.28 $5M -1,100 -0.3%
10 HSAI 4.40% 1,180,242 $27M $22.81 $11M
11 RYAAY 2.02% 210,331 $12M $58.84 $4M
12 JOYY 1.47% 167,377 $9M $53.68 $3M
13 BVN 1.32% 499,281 $8M $16.23 $2M
14 HIMX 1.14% 758,268 $7M $9.21 $3M
15 MOMO 1.01% 706,495 $6M $8.78 $2M
16 WB 0.90% 561,050 $5M $9.77 $1M
17 HUYA 0.84% 2,078,672 $5M $2.47 $2M +837,372 +67.5%
18 NIU 0.62% 1,072,062 $4M $3.56 $676K
19 CGAU 0.61% 529,115 $4M $7.09 $830K
20 DOYU 0.35% 303,530 $2M $7.06 $304K
21 MX 0.24% 358,495 $1M $4.03 $495K
22 KWEB 0.23% 41,100 $1M $34.50 $256K
23 ASHR 0.19% 40,845 $1M $27.96 $175K
24 TAL 0.16% 92,426 $966K $10.45 $62K
25 CAN 0.16% 1,346,141 $963K $0.72 $16K
26 QD 0.13% 241,154 $779K $3.23 $251K
View SEC EDGAR Filings for Polunin Capital Partners Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms