2026 Q1 Portfolio Activity
In 2026 Q1, Yiheng Capital Management, L.P. maintained a portfolio of 30 distinct positions. The most significant new addition was HINGE HEALTH INC, now representing 4.96% of the total fund value. They heavily accumulated shares in NEW ORIENTAL ED & TECHNOLOGY, increasing the position by 10.5%. Conversely, Yiheng Capital Management, L.P. completely exited their position in ASTERA LABS INC.
Position History
hover any row below to update
Loading…
Total Positions
30
Quarter
2026 Q1
Top Holding
NOAH (28.8%)
Top 10 Concentration
82.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-30 of 30
Yiheng Capital Management, L.P. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
NOAH
NOAH HLDGS LTD
|
Financial Services | 28.83% | 13.64% |
#1
1
Prev: #2
|
7.0 |
—
|
no change | no change |
P
S
|
6,717,351 | $66,501,775 | 2015 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EDU
NEW ORIENTAL ED...
|
Consumer Defensive | 9.24% | 3.79% |
#2
3
Prev: #5
|
7.2 |
—
|
35,922 | 10.5% |
P
S
|
376,551 | $21,324,083 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JD
JD.COM INC
|
Consumer Cyclical | 7.53% | 3.99% |
#3
1
Prev: #4
|
4.5 |
—
|
-99,900 | -14.5% |
P
S
|
587,513 | $17,372,759 | 2015 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BILI
BILIBILI INC
|
Communication Services | 7.24% | 5.72% |
#4
1
Prev: #3
|
3.4 |
—
|
-408,983 | -35.6% |
P
S
|
739,915 | $16,692,482 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HTHT
H WORLD GROUP L...
|
Consumer Cyclical | 7.05% | 3.79% |
#5
1
Prev: #6
|
3.8 |
—
|
-75,000 | -18.8% |
P
S
|
323,371 | $16,262,328 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RERE
ATRENEW INC
|
Consumer Cyclical | 6.43% | 3.39% |
#6
1
Prev: #7
|
3.6 |
—
|
no change | no change |
P
S
|
3,163,117 | $14,835,019 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HNGE
HINGE HEALTH IN...
|
Healthcare | 4.96% | — |
#7
Prev: #—
|
5.5 |
—
|
296,853 | — |
NEW
|
296,853 | $11,446,652 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TAL
TAL ED GROUP
|
Consumer Defensive | 3.74% | 0.68% |
#8
9
Prev: #17
|
4.5 |
—
|
450,000 | 145.5% |
P
S
|
759,240 | $8,632,559 | 2015 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BILL
BILL HOLDINGS I...
|
Technology | 3.70% | — |
#9
Prev: #—
|
5.0 |
—
|
222,820 | — |
NEW
|
222,820 | $8,534,006 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SVCO
SILVACO GROUP I...
|
Technology | 3.36% | 0.90% |
#10
5
Prev: #15
|
2.3 |
—
|
no change | no change |
P
S
|
1,096,282 | $7,761,677 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PONY
PONY AI INC
|
Technology | 2.67% | 1.92% |
#11
Prev: #11
|
2.1 |
—
|
no change | no change |
P
S
|
653,215 | $6,166,350 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KYMR
KYMERA THERAPEU...
|
Healthcare | 2.65% | 1.16% |
#12
2
Prev: #14
|
2.1 |
—
|
no change | no change |
P
S
|
73,440 | $6,116,818 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JOYY
JOYY INC
|
ETF | 2.17% | — |
#13
Prev: #—
|
4.4 |
—
|
85,583 | — |
NEW
|
85,583 | $4,997,191 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TCOM
TRIP COM GROUP ...
|
Consumer Cyclical | 1.90% | — |
#14
Prev: #—
|
4.3 |
—
|
88,112 | — |
NEW
|
88,112 | $4,387,096 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
YMM
FULL TRUCK ALLI...
|
Technology | 1.85% | 0.89% |
#15
1
Prev: #16
|
3.2 |
—
|
102,105 | 24.8% |
P
S
|
513,248 | $4,259,958 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VRDN
VIRIDIAN THERAP...
|
Healthcare | 1.77% | 1.31% |
#16
3
Prev: #13
|
1.7 |
—
|
no change | no change |
P
S
|
208,735 | $4,082,857 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DBVT
DBV TECHNOLOGIE...
|
Healthcare | 1.54% | 2.48% |
#17
8
Prev: #9
|
0.6 |
—
|
-469,627 | -73.4% |
P
S
|
170,142 | $3,554,266 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
API
AGORA INC
|
Technology | 1.11% | 0.44% |
#18
Prev: #18
|
2.9 |
—
|
192,248 | 36.0% |
P
S
|
725,795 | $2,569,314 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
YSG
YATSEN HLDG LTD
|
Consumer Defensive | 1.07% | 0.29% |
#19
Prev: #19
|
3.4 |
—
|
429,519 | 116.6% |
P
S
|
797,866 | $2,457,427 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ZEPP
ZEPP HEALTH COR...
|
Technology | 0.30% | — |
#20
Prev: #—
|
3.6 |
—
|
57,731 | — |
NEW
|
57,731 | $689,885 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PASG
PASSAGE BIO INC
|
Healthcare | 0.29% | 0.08% |
#21
2
Prev: #23
|
3.1 |
—
|
51,796 | 151.0% |
P
S
|
86,097 | $675,861 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CLBT
CELLEBRITE DI L...
|
Technology | 0.27% | — |
#22
Prev: #—
|
3.6 |
—
|
46,000 | — |
NEW
|
46,000 | $633,880 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BEAM
BEAM THERAPEUTI...
|
Healthcare | 0.22% | 0.12% |
#23
1
Prev: #22
|
1.1 |
—
|
no change | no change |
P
S
|
21,126 | $503,433 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TOUR
TUNIU CORP
|
Consumer Cyclical | 0.10% | 0.04% |
#24
Prev: #24
|
1.0 |
—
|
no change | no change |
P
S
|
314,437 | $242,116 | 2016 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
GENERATION BIO ...
|
|
Unknown | 0.00% | 0.12% |
Sold All 😨
(Was: #21) |
0.0 |
—
|
-105,524 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
IVA
INVENTIVA SA
|
Healthcare | 0.00% | 0.24% |
Sold All 😨
(Was: #20) |
0.0 |
—
|
-255,915 | -100.0% |
CLOSED
|
— | $— | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ACMR
ACM RESH INC
|
Technology | 0.00% | 1.39% |
Sold All 😨
(Was: #12) |
0.0 |
—
|
-174,447 | -100.0% |
CLOSED
|
— | $— | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ULS
PUT
UL SOLUTIONS IN...
|
PUT Option | 0.00% | 2.39% |
Sold All 😨
(Was: #10) |
0.0 |
—
|
-150,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VSAT
PUT
VIASAT INC
|
PUT Option | 0.00% | 3.18% |
Sold All 😨
(Was: #8) |
0.0 |
—
|
-455,600 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ALAB
PUT
ASTERA LABS INC
|
PUT Option | 0.00% | 48.04% |
Sold All 😨
(Was: #1) |
0.0 |
—
|
-1,427,500 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-30 of 30 holdings