Polunin Capital Partners Ltd

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, Polunin Capital Partners Ltd maintained a portfolio of 25 distinct positions. The most significant new addition to the portfolio was ACM RESH INC, which now represents 8.25% of the total fund value. They heavily accumulated shares in PAGSEGURO DIGITAL LT, increasing their position by 12.5%. Conversely, Polunin Capital Partners Ltd completely exited their position in LUFAX HOLDING LTD.
PCA Score Concentration Risk
Risk ENB
Total Positions
25
Quarter
2026 Q1
Top Holding
BABA (27.4%)
Top 10 Concentration
99.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-25 of 25
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
BABA
ALIBABA GROUP H...
Consumer Cyclical 27.38% 35.26% #1
Prev: #1
6.0 -521,118 -37.7%
P
S
862,604 $105,505 2021 Q2 13F Filing 2026-03-31 2026-04-15
PAGS
PAGSEGURO DIGIT...
Technology 13.80% 6.91% #2 3
Prev: #5
7.5 554,651 12.5%
P
S
5,004,811 $53,201 2022 Q3 13F Filing 2026-03-31 2026-04-15
STNE
STONECO LTD
Technology 12.42% 7.49% #3 1
Prev: #4
5.5 -2,000 -0.1%
P
S
3,354,763 $47,872 2022 Q3 13F Filing 2026-03-31 2026-04-15
DQ
DAQO NEW ENERGY...
Technology 9.44% 5.66% #4 3
Prev: #7
6.3 283,959 19.5%
P
S
1,742,664 $36,369 2025 Q3 13F Filing 2026-03-31 2026-04-15
BIDU
BAIDU INC
Communication Services 8.33% 9.53% #5 3
Prev: #2
3.8 -125,056 -30.2%
P
S
288,440 $32,098 2025 Q1 13F Filing 2026-03-31 2026-04-15
ACMR
ACM RESH INC
Technology 8.25% #6
Prev: #—
6.8 763,318 no change
NEW
763,318 $31,807 2026 Q1 13F Filing 2026-03-31 2026-04-15
YMM
FULL TRUCK ALLI...
Technology 6.77% 4.79% #7 1
Prev: #8
3.2 700 0.0%
P
S
3,152,833 $26,105 2024 Q3 13F Filing 2026-03-31 2026-04-15
CSIQ
CANADIAN SOLAR ...
Technology 6.65% 6.73% #8 2
Prev: #6
3.2 -7,900 -0.4%
P
S
2,001,869 $25,624 2025 Q4 13F Filing 2026-03-31 2026-04-15
ATHM
AUTOHOME INC
Communication Services 5.18% 4.07% #9
Prev: #9
2.6 -900 -0.1%
P
S
1,142,966 $19,979 2022 Q2 13F Filing 2026-03-31 2026-04-15
GAU
GALIANO GOLD IN...
Basic Materials 1.21% 0.80% #10 6
Prev: #16
1.0 -13,100 -0.7%
P
S
1,847,117 $4,655 2025 Q4 13F Filing 2026-03-31 2026-04-15
ASHR
DBX ETF TR
ETF 0.19% 0.12% #11 9
Prev: #20
1.1 no change no change
P
S
23,183 $749 2020 Q1 13F Filing 2026-03-31 2026-04-15
KWEB
KRANESHARES TRU...
Bond/Debt 0.14% 0.11% #12 9
Prev: #21
1.1 no change no change
P
S
19,226 $541 2023 Q2 13F Filing 2026-03-31 2026-04-15
CAN
CANAAN INC
Technology 0.13% 0.15% #13 6
Prev: #19
1.1 no change no change
P
S
1,194,556 $495 2022 Q1 13F Filing 2026-03-31 2026-04-15
MX
MAGNACHIP SEMIC...
Technology 0.04% 0.16% #14 4
Prev: #18
0.0 -278,137 -83.0%
P
S
57,011 $164 2019 Q4 13F Filing 2026-03-31 2026-04-15
BZUN
BAOZUN INC
Consumer Cyclical 0.04% 0.03% #15 8
Prev: #23
1.0 no change no change
P
S
60,222 $153 2025 Q3 13F Filing 2026-03-31 2026-04-15
DOYU
DOUYU INTL HLDG...
Communication Services 0.02% 0.29% #16 1
Prev: #17
0.0 -265,630 -95.6%
P
S
12,198 $59 2024 Q2 13F Filing 2026-03-31 2026-04-15
LU
LUFAX HOLDING L...
Financial Services 0.00% 0.02%
Sold All 😨
(Was: #24)
0.0 -41,924 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2026-03-31 2026-04-15
QD
HIGH TEMPLAR TE...
Financial Services 0.00% 0.05%
Sold All 😨
(Was: #22)
0.0 -112,803 -100.0%
CLOSED
$— 2019 Q2 13F Filing 2026-03-31 2026-04-15
MOMO
HELLO GROUP INC
Communication Services 0.00% 0.92%
Sold All 😨
(Was: #15)
0.0 -853,219 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2026-03-31 2026-04-15
HIMX
HIMAX TECHNOLOG...
Technology 0.00% 0.94%
Sold All 😨
(Was: #14)
0.0 -706,750 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2026-03-31 2026-04-15
CGAU
CENTERRA GOLD I...
Basic Materials 0.00% 1.26%
Sold All 😨
(Was: #13)
0.0 -491,629 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2026-03-31 2026-04-15
HUYA
HUYA INC
Communication Services 0.00% 1.55%
Sold All 😨
(Was: #12)
0.0 -2,719,977 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2026-03-31 2026-04-15
JOYY
JOYY INC
ETF 0.00% 1.62%
Sold All 😨
(Was: #11)
0.0 -151,493 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2026-03-31 2026-04-15
BVN
COMPANIA DE MIN...
Basic Materials 0.00% 2.89%
Sold All 😨
(Was: #10)
0.0 -540,381 -100.0%
CLOSED
$— 2017 Q4 13F Filing 2026-03-31 2026-04-15
JD
JD.COM INC
Consumer Cyclical 0.00% 8.67%
Sold All 😨
(Was: #3)
0.0 -1,947,668 -100.0%
CLOSED
$— 2017 Q4 13F Filing 2026-03-31 2026-04-15
Showing 1-25 of 25 holdings

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