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Perseverance Asset Management International

Q4 2025 · Filed 2026-02-12
Market Value
$680M
+20.8%
Holdings
15
+1
New Purchases
1
Added To
5
Closed
3
Reduced
2
Top 10 Concentration
98.8%
Turnover
26.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PDD 32.69% 31.29% +1.40% $222M
TSM 1.28% 0.16% +1.13% $9M
GOOG 13.83% 12.98% +0.86% $94M
BEKE 2.68% 2.23% +0.45% $18M
API 0.42% 0.00% +0.42% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RLX 2.67% 3.49% -0.82% $18M
NTES 2.22% 3.02% -0.80% $15M
GOOS 0.00% 0.54% -0.54% $0
IQ 1.92% 2.45% -0.53% $13M
YUMC 5.01% 5.44% -0.43% $34M
HTHT 35.76% 36.13% -0.36% $243M
BZ 0.75% 1.04% -0.29% $5M
SMMT 0.00% 0.22% -0.22% $0
TLT 0.76% 0.94% -0.18% $5M
RERE 0.00% 0.08% -0.08% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $103M 15.1%
Large Cap 7 $538M 79.1%
Mid Cap 2 $23M 3.4%
Small Cap 4 $16M 2.3%

Portfolio Analytics

Avg Market Cap
$467.5B
Median Market Cap
$13.8B
Avg P/E
26.3
Median P/E
24.1
Avg Dividend Yield
0.01%
Avg Beta
0.60
# Stocks
14
# ETFs / Funds
1

Top Holdings (15 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HTHT 35.76% 5,172,370 $243M $47.05 $40M -28,813 -0.6%
2 PDD 32.69% 1,962,092 $222M $113.39 $46M +628,857 +47.2%
3 GOOG 13.83% 300,000 $94M $313.80 $21M
4 YUMC 5.01% 713,999 $34M $47.74 $3M
5 BEKE 2.68% 1,155,439 $18M $15.76 $6M +495,590 +75.1%
6 RLX 2.67% 7,790,928 $18M $2.33 -$1M +325,361 +4.4%
7 NTES 2.22% 110,000 $15M $137.62 -$2M -2,000 -1.8%
8 IQ 1.92% 6,800,000 $13M $1.92 -$742K +1,410,000 +26.2%
9 TSM 1.28% 28,734 $9M $303.89 $8M +25,593 +814.8%
10 TLT 0.76% 59,100 $5M $87.16 -$131K
11 BZ 0.75% 251,642 $5M $20.38 -$750K
12 API 0.42% 700,000 $3M $4.07 +700,000 NEW
13 GOOS —% -$3M -220,000 -100.0% SOLD
14 RERE —% -$450K -97,850 -100.0% SOLD
15 SMMT —% -$1M -59,745 -100.0% SOLD

New Positions

SymbolValue% Port
API $3M 0.42%

Sold Out Positions

SymbolValue% Port
GOOS —%
RERE —%
SMMT —%
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