AI Portfolio Summary
In 2025 Q4, Yiheng Capital Management, L.P. maintained a portfolio of 30 distinct positions. The most significant new addition to the portfolio was UL SOLUTIONS INC, which now represents 2.39% of the total fund value. Conversely, Yiheng Capital Management, L.P. completely exited their position in JD.COM INC.
Total Positions
30
Quarter
2025 Q4
Top Holding
ALAB (48.0%)
Top 10 Concentration
90.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 30
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
ALAB
PUT
ASTERA LABS INC
|
PUT Option | 48.04% | 41.22% |
#1
Prev: #1
|
7.0 | no change | no change |
P
S
|
1,427,500 | $237,478,900 |
$157.76
+5.9%
|
2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
NOAH
NOAH HLDGS LTD
|
Financial Services | 13.64% | 11.48% |
#2
Prev: #2
|
6.5 | no change | no change |
P
S
|
6,717,351 | $67,442,204 |
$15.45
-31.2%
|
2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
BILI
BILIBILI INC
|
Communication Services | 5.72% | 5.88% |
#3
1
Prev: #4
|
3.8 | -269,666 | -19.0% |
P
S
|
1,148,898 | $28,251,402 |
$19.44
+35.7%
|
2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
JD
JD.COM INC
|
Consumer Cyclical | 3.99% | 4.06% |
#4
2
Prev: #6
|
2.6 | -100,000 | -12.7% |
P
S
|
687,413 | $19,728,753 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EDU
NEW ORIENTAL ED...
|
Consumer Defensive | 3.79% | 4.08% |
#5
Prev: #5
|
2.0 | -181,272 | -34.7% |
P
S
|
340,629 | $18,744,814 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HTHT
H WORLD GROUP L...
|
Consumer Cyclical | 3.79% | 2.64% |
#6
2
Prev: #8
|
2.0 | -58,661 | -12.8% |
P
S
|
398,371 | $18,743,356 | 2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RERE
ATRENEW INC
|
Consumer Cyclical | 3.39% | 2.15% |
#7
3
Prev: #10
|
2.4 | no change | no change |
P
S
|
3,163,117 | $16,764,520 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VSAT
PUT
VIASAT INC
|
PUT Option | 3.18% | 3.18% |
#8
1
Prev: #7
|
1.3 | -279,900 | -38.1% |
P
S
|
455,600 | $15,699,976 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DBVT
DBV TECHNOLOGIE...
|
Healthcare | 2.48% | 0.97% |
#9
9
Prev: #18
|
1.5 | -16,540 | -2.5% |
P
S
|
639,769 | $12,264,372 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ULS
PUT
UL SOLUTIONS IN...
|
PUT Option | 2.39% | — |
#10
Prev: #—
|
4.5 | 150,000 | no change |
NEW
|
150,000 | $11,829,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PONY
PONY AI INC
|
Technology | 1.92% | 0.66% |
#11
9
Prev: #20
|
3.8 | 452,915 | 226.1% |
P
S
|
653,215 | $9,471,618 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ACMR
ACM RESH INC
|
Technology | 1.39% | 1.62% |
#12
Prev: #12
|
0.6 | -105,754 | -37.7% |
P
S
|
174,447 | $6,881,934 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VRDN
VIRIDIAN THERAP...
|
Healthcare | 1.31% | 1.59% |
#13
Prev: #13
|
0.5 | -291,526 | -58.3% |
P
S
|
208,735 | $6,495,833 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KYMR
KYMERA THERAPEU...
|
Healthcare | 1.16% | 1.02% |
#14
1
Prev: #15
|
0.5 | -49,165 | -40.1% |
P
S
|
73,440 | $5,714,366 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SVCO
SILVACO GROUP I...
|
Technology | 0.90% | 0.87% |
#15
4
Prev: #19
|
1.4 | no change | no change |
P
S
|
1,096,282 | $4,439,942 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
YMM
FULL TRUCK ALLI...
|
Technology | 0.89% | — |
#16
Prev: #—
|
3.9 | 411,143 | no change |
NEW
|
411,143 | $4,411,564 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TAL
TAL EDUCATION G...
|
Consumer Defensive | 0.68% | 0.51% |
#17
5
Prev: #22
|
1.3 | no change | no change |
P
S
|
309,240 | $3,373,808 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
API
AGORA INC
|
Technology | 0.44% | 0.30% |
#18
5
Prev: #23
|
1.2 | no change | no change |
P
S
|
533,547 | $2,171,536 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
YSG
YATSEN HLDG LTD
|
Consumer Defensive | 0.29% | 0.13% |
#19
6
Prev: #25
|
3.1 | 272,019 | 282.4% |
P
S
|
368,347 | $1,432,870 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IVA
INVENTIVA SA
|
Healthcare | 0.24% | 2.26% |
#20
11
Prev: #9
|
0.1 | -2,389,011 | -90.3% |
P
S
|
255,915 | $1,190,005 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
GENERATION BIO ...
|
—
|
Unknown | 0.12% | 0.10% |
#21
5
Prev: #26
|
1.0 | no change | no change |
P
S
|
105,524 | $599,376 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
BEAM
BEAM THERAPEUTI...
|
Healthcare | 0.12% | 0.25% |
#22
2
Prev: #24
|
0.0 | -47,932 | -69.4% |
P
S
|
21,126 | $585,613 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PASG
PASSAGE BIO INC
|
Healthcare | 0.08% | — |
#23
Prev: #—
|
3.5 | 34,301 | no change |
NEW
|
34,301 | $404,752 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TOUR
TUNIU CORP
|
Consumer Cyclical | 0.04% | 0.04% |
#24
3
Prev: #27
|
1.0 | no change | no change |
P
S
|
314,437 | $194,951 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JD
CALL
JD.COM INC
|
CALL Option | 0.00% | 9.36% |
Sold All 😨
(Was: #3) |
0.0 | -1,814,600 | -100.0% |
CLOSED
|
— | $— | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BILI
CALL
BILIBILI INC
|
CALL Option | 0.00% | 1.66% |
Sold All 😨
(Was: #11) |
0.0 | -400,000 | -100.0% |
CLOSED
|
— | $— | 2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AKRO
AKERO THERAPEUT...
|
Healthcare | 0.00% | 1.34% |
Sold All 😨
(Was: #14) |
0.0 | -191,076 | -100.0% |
CLOSED
|
— | $— | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DNLI
DENALI THERAPEU...
|
Healthcare | 0.00% | 1.01% |
Sold All 😨
(Was: #16) |
0.0 | -469,981 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RARE
ULTRAGENYX PHAR...
|
Healthcare | 0.00% | 1.00% |
Sold All 😨
(Was: #17) |
0.0 | -225,758 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CLBT
CELLEBRITE DI L...
|
Technology | 0.00% | 0.63% |
Sold All 😨
(Was: #21) |
0.0 | -231,031 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 30 holdings