Perseverance Asset Management International

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Perseverance Asset Management International maintained a portfolio of 17 distinct positions. The most significant new addition to the portfolio was AGORA INC, which now represents 0.42% of the total fund value. They heavily accumulated shares in PDD HOLDINGS INC, increasing their position by 47.2%. Conversely, Perseverance Asset Management International completely exited their position in ATRENEW INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
17
Quarter
2025 Q4
Top Holding
HTHT (35.7%)
Top 10 Concentration
98.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-17 of 17
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
HTHT
H WORLD GROUP L...
Consumer Cyclical 35.65% 34.95% #1
Prev: #1
6.5 -28,813 -0.6%
P
S
5,172,370 $243,360,008 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
Consumer Cyclical 32.60% 30.28% #2
Prev: #2
8.0 628,857 47.2%
P
S
1,962,092 $222,481,612 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 13.79% 12.55% #3
Prev: #3
6.0 no change no change
P
S
300,000 $94,140,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
YUMC
YUM CHINA HLDGS...
Consumer Cyclical 4.99% 5.27% #4
Prev: #4
3.5 no change no change
P
S
713,999 $34,086,312 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BEKE
KE HLDGS INC
Real Estate 2.67% 2.15% #5 4
Prev: #9
4.6 495,590 75.1%
P
S
1,155,439 $18,209,719 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RLX
RLX TECHNOLOGY ...
Consumer Defensive 2.66% 3.37% #6 1
Prev: #5
1.6 325,361 4.4%
P
S
7,790,928 $18,152,863 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NTES
NETEASE INC
Communication Services 2.22% 2.93% #7
Prev: #7
1.4 -2,000 -1.8%
P
S
110,000 $15,138,200 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IQ
IQIYI INC
Communication Services 1.91% 2.37% #8
Prev: #8
3.3 1,410,000 26.2%
P
S
6,800,000 $13,056,000 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 1.28% 0.15% #9 5
Prev: #14
3.5 25,593 814.8%
P
S
28,734 $8,731,976 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TLT
ISHARES TR
ETF 0.75% 0.91% #10 1
Prev: #11
1.3 no change no change
P
S
59,100 $5,151,156 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BZ
KANZHUN LIMITED
Communication Services 0.75% 1.01% #11 1
Prev: #10
1.3 no change no change
P
S
251,642 $5,128,464 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
API
AGORA INC
Technology 0.42% #12
Prev: #—
3.7 700,000 no change
NEW
700,000 $2,849,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
YSG
YATSEN HLDG LTD
Consumer Defensive 0.30% #13
Prev: #—
3.6 529,993 no change
NEW
529,993 $2,061,673 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RERE
ATRENEW INC
Consumer Cyclical 0.00% 0.08%
Sold All 😨
(Was: #15)
0.0 -97,850 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SMMT
SUMMIT THERAPEU...
Healthcare 0.00% 0.21%
Sold All 😨
(Was: #13)
0.0 -59,745 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOS
CANADA GOOSE HL...
Consumer Cyclical 0.00% 0.52%
Sold All 😨
(Was: #12)
0.0 -220,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AS
AMER SPORTS INC
Consumer Cyclical 0.00% 3.24%
Sold All 😨
(Was: #6)
0.0 -543,404 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-17 of 17 holdings

Unlock Full Perseverance Asset Management International Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics