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Perseverance Asset Management International

Q2 2025 · Filed 2025-08-14
Market Value
$374M
-51.0%
Holdings
21
-1
New Purchases
0
Added To
2
Closed
13
Reduced
6
Top 10 Concentration
100.0%
Turnover
61.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HTHT 44.88% 26.23% +18.66% $168M
PDD 36.78% 23.48% +13.30% $137M
YUMC 10.56% 7.51% +3.05% $39M
RLX 3.93% 2.16% +1.78% $15M
SMMT 0.80% 0.23% +0.57% $3M
IQ 0.90% 0.56% +0.34% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BEKE 0.00% 10.47% -10.47% $0
BZ 1.20% 6.33% -5.13% $4M
TCOM 0.00% 4.41% -4.41% $0
TME 0.00% 3.08% -3.08% $0
NTES 0.00% 2.78% -2.78% $0
ZTO 0.00% 2.35% -2.35% $0
V 0.00% 2.07% -2.07% $0
TSM 0.00% 1.78% -1.78% $0
LI 0.00% 1.29% -1.29% $0
META 0.00% 1.13% -1.13% $0
GOOG 0.95% 2.05% -1.10% $4M
TAL 0.00% 0.87% -0.87% $0
EDU 0.00% 0.53% -0.53% $0
MSFT 0.00% 0.49% -0.49% $0
GOOS 0.00% 0.21% -0.21% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $4M 0.9%
Large Cap 10 $347M 93.0%
Mid Cap 4 $19M 5.1%
Small Cap 2 $3M 0.9%

Portfolio Analytics

Avg Market Cap
$587.9B
Median Market Cap
$16.0B
Avg P/E
24.6
Median P/E
17.7
Avg Dividend Yield
0.01%
Avg Beta
0.49
# Stocks
21
# ETFs / Funds
0

Top Holdings (21 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HTHT 44.88% 4,942,827 $168M $33.92 -$32M -463,789 -8.6%
2 PDD 36.78% 1,312,663 $137M $104.66 -$42M -201,100 -13.3%
3 YUMC 10.56% 882,562 $39M $44.71 -$18M -218,525 -19.9%
4 RLX 3.93% 6,643,226 $15M $2.21 -$2M -2,102,768 -24.0%
5 BZ 1.20% 251,642 $4M $17.84 -$44M -2,267,553 -90.0%
6 GOOG 0.95% 20,000 $4M $177.39 -$12M -80,000 -80.0%
7 IQ 0.90% 1,890,000 $3M $1.77 -$904K +10,000 +0.5%
8 SMMT 0.80% 139,928 $3M $21.28 $1M +48,569 +53.2%
9 TME —% -$23M -1,630,011 -100.0% SOLD
10 EDU —% -$4M -83,832 -100.0% SOLD
11 TAL —% -$7M -499,687 -100.0% SOLD
12 TSM —% -$14M -82,000 -100.0% SOLD
13 BEKE —% -$80M -3,977,989 -100.0% SOLD
14 V —% -$16M -45,000 -100.0% SOLD
15 ZTO —% -$18M -903,947 -100.0% SOLD
16 LI —% -$10M -389,793 -100.0% SOLD
17 META —% -$9M -15,000 -100.0% SOLD
18 TCOM —% -$34M -529,276 -100.0% SOLD
19 NTES —% -$21M -206,350 -100.0% SOLD
20 MSFT —% -$4M -10,000 -100.0% SOLD
21 GOOS —% -$2M -200,000 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
GOOS —%
TME —%
BEKE —%
V —%
ZTO —%
TAL —%
TSM —%
LI —%
META —%
NTES —%
MSFT —%
TCOM —%
EDU —%
View SEC EDGAR Filings for Perseverance Asset Management International →

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