2026 Q1 Portfolio Activity
In 2026 Q1, Perseverance Asset Management International maintained a portfolio of 23 distinct positions. The most significant new addition was NVIDIA CORPORATION, now representing 5.56% of the total fund value. They heavily accumulated shares in TAIWAN SEMICONDUCTOR MANUFAC, increasing the position by 1453.9%. The fund also reduced its exposure to H WORLD GROUP LTD by 24.9%.
Position History
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Perseverance Asset Management International
New York, NY
Hedge Fund / Alternative Investment Manager
AUM $909M
Total Positions
23
Quarter
2026 Q1
Top Holding
PDD (24.3%)
Top 10 Concentration
89.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-23 of 23
Perseverance Asset Management International Full Holdings List — 2026 Q1
| 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 | 24.30% | 32.60% |
#1
1
Prev: #2
|
8.0 |
—
|
199,584 | 10.2% |
P
S
|
2,161,676 | $220,880,054 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
HTHT
H WORLD GROUP L...
|
Consumer Cyclical | 21.48% | 35.65% |
#2
1
Prev: #1
|
5.5 |
—
|
-1,290,334 | -24.9% |
P
S
|
3,882,036 | $195,227,590 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 16.60% | 1.28% |
#3
6
Prev: #9
|
8.0 |
—
|
417,771 | 1453.9% |
P
S
|
446,505 | $150,896,365 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BZ
KANZHUN LIMITED
|
Communication Services | 6.32% | 0.75% |
#4
7
Prev: #11
|
6.0 |
—
|
4,035,923 | 1603.8% |
P
S
|
4,287,565 | $57,410,496 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 5.56% | — |
#5
Prev: #—
|
6.2 |
—
|
290,000 | — |
NEW
|
290,000 | $50,576,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
YUMC
YUM CHINA HLDGS...
|
Consumer Cyclical | 3.83% | 4.99% |
#6
2
Prev: #4
|
2.5 |
—
|
no change | no change |
P
S
|
713,999 | $34,828,871 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TCOM
TRIP COM GROUP ...
|
Consumer Cyclical | 3.70% | — |
#7
Prev: #—
|
5.0 |
—
|
674,999 | — |
NEW
|
674,999 | $33,608,200 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
GOOG
ALPHABET INC
|
Communication Services | 3.16% | 13.79% |
#8
5
Prev: #3
|
1.3 |
—
|
-200,000 | -66.7% |
P
S
|
100,000 | $28,686,000 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BEKE
KE HLDGS INC
|
Real Estate | 2.29% | 2.67% |
#9
4
Prev: #5
|
3.4 |
—
|
236,000 | 20.4% |
P
S
|
1,391,439 | $20,829,842 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FUTU
FUTU HLDGS LTD
|
Financial Services | 2.26% | — |
#10
Prev: #—
|
4.4 |
—
|
150,000 | — |
NEW
|
150,000 | $20,514,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
NTES
NETEASE COM INC
|
Communication Services | 2.09% | 2.22% |
#11
4
Prev: #7
|
3.8 |
—
|
60,000 | 54.5% |
P
S
|
170,000 | $19,029,800 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
LITE
LUMENTUM HLDGS ...
|
Technology | 1.93% | — |
#12
Prev: #—
|
4.3 |
—
|
25,000 | — |
NEW
|
25,000 | $17,569,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
RLX
RLX TECHNOLOGY ...
|
Consumer Defensive | 1.81% | 2.66% |
#13
7
Prev: #6
|
1.2 |
—
|
-295,066 | -3.8% |
P
S
|
7,495,862 | $16,490,897 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
XPEV
XPENG INC
|
Consumer Cyclical | 1.51% | — |
#14
Prev: #—
|
4.1 |
—
|
800,000 | — |
NEW
|
800,000 | $13,688,000 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MOS
MOSAIC CO
|
Basic Materials | 0.84% | — |
#15
Prev: #—
|
3.8 |
—
|
300,000 | — |
NEW
|
300,000 | $7,650,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
IQ
IQIYI INC
|
Communication Services | 0.71% | 1.91% |
#16
8
Prev: #8
|
0.3 |
—
|
-2,000,000 | -29.4% |
P
S
|
4,800,000 | $6,480,000 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
AMD
ADVANCED MICRO ...
|
Technology | 0.67% | — |
#17
Prev: #—
|
3.8 |
—
|
30,000 | — |
NEW
|
30,000 | $6,102,900 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
SNDK
SANDISK CORP
|
Technology | 0.38% | — |
#18
Prev: #—
|
3.7 |
—
|
5,479 | — |
NEW
|
5,479 | $3,481,028 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MU
MICRON TECHNOLO...
|
Technology | 0.33% | — |
#19
Prev: #—
|
3.6 |
—
|
8,975 | — |
NEW
|
8,975 | $3,032,114 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
YSG
YATSEN HLDG LTD
|
Consumer Defensive | 0.18% | 0.30% |
#20
7
Prev: #13
|
1.1 |
—
|
no change | no change |
P
S
|
529,993 | $1,632,378 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
NIO
NIO INC
|
Consumer Cyclical | 0.05% | — |
#21
Prev: #—
|
3.5 |
—
|
72,094 | — |
NEW
|
72,094 | $434,727 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
API
AGORA INC
|
Technology | 0.00% | 0.42% |
Sold All 😨
(Was: #12) |
0.0 |
—
|
-700,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TLT
ISHARES TR
|
ETF | 0.00% | 0.75% |
Sold All 😨
(Was: #10) |
0.0 |
—
|
-59,100 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 |
Showing 1-23 of 23 holdings