ADAG β€” ADAGENE INC

Ownership history in HSG Holding Ltd  Β·  18 quarters on record

This page tracks every 13F SEC filing in which HSG Holding Ltd reported a position in ADAGENE INC (ADAG). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
1.73% (2021 Q3)
πŸ“Š Avg. % of fund
0.35%
πŸ“… First filed
2021 Q3
πŸ“… Last filed
2025 Q4
⏱ Quarters held
18

Position Intelligence

HSG Holding Ltd Γ— ADAG AI Analytics

πŸ“‰ HSG Holding Ltd underperformed the S&P 500 by –41.1% annually on this ADAG position. Average cost basis: $14.36. Maximum drawdown during holding period: –91.1%.

πŸ“ˆ Position Alpha vs SPY
-41.1%
annualised excess return

❌ Significantly underperformed the S&P 500 by 41.1% ann.
17 quarters analyzed

πŸ’° Entry Quality
$14.36
-86.8% vs current ($1.89)

Best entry: $14.36 (2021 Q3)  Β·  Worst: $14.36 (2021 Q3)

πŸ›‘οΈ Drawdown Resilience
–91.1%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
100%
buy-side decisions

1 add Β· 0 trims. Bought during 0 of 8 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.14% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    ADAG price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 UNCHANGED 1,343,364 β€” 0% 0.14% $2.7M $1.89
2025 Q3 UNCHANGED 1,343,364 β€” 0% 0.13% $2.5M $1.99
2025 Q2 UNCHANGED 1,343,364 β€” 0% 0.13% $2.6M $1.95
2025 Q1 UNCHANGED 1,343,364 β€” 0% 0.12% $2.0M $1.52
2024 Q4 UNCHANGED 1,343,364 β€” 0% 0.10% $2.4M $1.99
2024 Q3 UNCHANGED 1,343,364 β€” 0% 0.14% $3.6M $2.22
2024 Q2 UNCHANGED 1,343,364 β€” 0% 0.13% $3.5M $3.06
2024 Q1 UNCHANGED 1,343,364 β€” 0% 0.33% $3.6M $2.80
2023 Q4 UNCHANGED 1,343,364 β€” 0% 0.50% $4.4M $1.93
2023 Q3 UNCHANGED 1,343,364 β€” 0% 0.22% $2.1M $1.53
8 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding ADAG

As of 2025 Q4 β€” sorted by position size

Exome Asset Management LLC 0.96% FIFTH LANE CAPITAL, LP 3Y 0.21% Kamunting Street Capital Management, L.P. 3Y 7Y 0.16% Mill Creek Capital Advisors, LLC 3Y 0.01% EverSource Wealth Advisors, LLC 3Y 0.0% NOMURA HOLDINGS INC 3Y 7Y 0.0% CITADEL ADVISORS LLC 3Y 7Y 0.0% MORGAN STANLEY 3Y 7Y 0.0% ROYAL BANK OF CANADA 3Y 7Y 0.0% BNP PARIBAS FINANCIAL MARKETS 3Y 7Y 0.0%
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