HSG Holding Ltd

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
21
Quarter
2025 Q4
Top Holding
PDD (63.6%)
Top 10 Concentration
97.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-21 of 21
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
PDD
PDD HOLDINGS IN...
Consumer Cyclical 63.61% 77.21% #1
Prev: #1
10.0 no change no change
P
S
11,348,426 $1,203,727,546 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BZ
KANZHUN LIMITED
Communication Services 7.44% 2.17% #2 2
Prev: #4
3.0 no change no change
P
S
1,900,000 $140,695,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FUTU
FUTU HLDGS LTD
Financial Services 6.34% 6.52% #3 1
Prev: #2
2.5 no change no change
P
S
740,352 $119,937,024 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PONY AI INC
Unknown 5.78% #4
Prev: #—
4.3 7,538,358 no change
NEW
7,538,358 $109,306,192 13F Filing 2025-12-31 2026-02-14 (Est.)
BEKE
KE HLDGS INC
Real Estate 4.79% 1.86% #5 1
Prev: #6
1.9 no change no change
P
S
1,939,017 $90,629,655 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BULL
WEBULL CORP
Technology 2.92% 5.54% #6 3
Prev: #3
1.2 -2,500,000 -26.2%
P
S
7,053,639 $55,229,993 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BRNS
BARINTHUS BIOTH...
Healthcare 2.23% 0.10% #7 9
Prev: #16
0.9 no change no change
P
S
1,420,473 $42,216,458 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DDL
DINGDONG CAYMAN...
Consumer Defensive 1.52% 1.07% #8
Prev: #8
0.6 -1,049,327 -9.4%
P
S
10,091,839 $28,691,098 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GPCR
STRUCTURE THERA...
Healthcare 1.29% 0.24% #9 4
Prev: #13
0.5 no change no change
P
S
266,062 $24,443,116 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CRCL
CIRCLE INTERNET...
Financial Services 1.20% #10
Prev: #—
2.5 312,200 no change
NEW
312,200 $22,696,940 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVBP
ARRIVENT BIOPHA...
Healthcare 0.88% 0.68% #11 2
Prev: #9
0.4 no change no change
P
S
663,308 $16,715,362 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COE
51TALK ONLINE E...
Consumer Defensive 0.64% 1.90% #12 7
Prev: #5
0.3 -192,322 -28.8%
P
S
474,901 $12,195,458 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LOT
LOTUS TECHNOLOG...
Consumer Cyclical 0.39% 0.47% #13 3
Prev: #10
0.2 no change no change
P
S
4,834,099 $7,299,489 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
THCH
TH INTERNATIONA...
Consumer Cyclical 0.34% 0.37% #14 3
Prev: #11
0.1 no change no change
P
S
2,900,606 $6,439,345 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BTDR
BITDEER TECHNOL...
Technology 0.22% 0.36% #15 3
Prev: #12
0.1 no change no change
P
S
293,732 $4,123,998 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LYEL
LYELL IMMUNOPHA...
Healthcare 0.21% 0.00% #16 3
Prev: #19
0.1 no change no change
P
S
152,299 $3,935,406 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ADAG
ADAGENE INC
Healthcare 0.14% 0.13% #17 2
Prev: #15
0.1 no change no change
P
S
1,343,364 $2,727,029 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BNR
BURNING ROCK BI...
Healthcare 0.05% 0.01% #18
Prev: #18
0.0 no change no change
P
S
21,212 $870,965 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BTCM
SOLAI LIMITED
Unknown 0.02% 0.04% #19 2
Prev: #17
0.0 no change no change
P
S
350,427 $343,418 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PONY
PONY AI INC
Technology 0.00% 1.08%
Sold All 😨
(Was: #7)
0.3 -1,076,905 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NOAH
NOAH HLDGS LTD
Financial Services 0.00% 0.23%
Sold All 😨
(Was: #14)
0.3 -396,815 -100.0%
CLOSED
$— 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-21 of 21 holdings

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