Q2 2025 · 13F-HR
HSG Holding Ltdholdings as filed
Filed 2025-08-14 · accession 0000950123-25-008345
$1.94B
Reported value
19
Positions
2025-06-30
Period end
The Brief · HSG Holding Ltd · Q2 2025
AI · grounded in 13F
HSG Holding Ltd established a new position in PDD valued at $1.42B. The fund also initiated new stakes in FUTU for $130.7M and BULL for $113.1M. Additional new positions include PONY at $78.2M, BEKE at $34.4M, and NOAH at $34.3M. Total assets under management stand at $1.94B across 19 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 722304102 | PDD | PDD HOLDINGS INC | $1.42B | 73.3% | 13,595,995 | Common | SOLE |
| 36118L106 | FUTU | FUTU HLDGS LTD | $130.7M | 6.74% | 1,057,644 | Common | SOLE |
| G9572D103 | BULL | WEBULL CORP | $113.1M | 5.83% | 9,457,280 | Common | SOLE |
| 732908108 | PONY | PONY AI INC | $78.2M | 4.03% | 5,922,997 | Common | SOLE |
| 482497104 | BEKE | KE HLDGS INC | $34.4M | 1.77% | 1,939,017 | Common | SOLE |
| 65487X102 | NOAH | NOAH HLDGS LTD | $34.3M | 1.77% | 2,876,720 | Common | SOLE |
| 48553T106 | BZ | KANZHUN LIMITED | $33.9M | 1.75% | 1,900,000 | Common | SOLE |
| 25445D101 | DDL | DINGDONG CAYMAN LTD | $22.5M | 1.16% | 11,141,166 | Common | SOLE |
| 16954L204 | COE | 51TALK ONLINE EDUCATION GROU | $22.0M | 1.13% | 667,223 | Common | SOLE |
| 04272N102 | AVBP | ARRIVENT BIOPHARMA INC | $14.4M | 0.74% | 663,308 | Common | SOLE |
| 54572F101 | LOT | LOTUS TECHNOLOGY INC | $10.6M | 0.55% | 4,834,099 | Common | SOLE |
| G8656L130 | THCH | TH INTERNATIONAL LIMITED | $8.6M | 0.44% | 2,900,606 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $5.5M | 0.28% | 266,062 | Common | SOLE |
| G11448100 | BTDR | BITDEER TECHNOLOGIES GROUP | $3.4M | 0.17% | 293,732 | Common | SOLE |
| 005329107 | ADAG | ADAGENE INC | $2.6M | 0.13% | 1,343,364 | Common | SOLE |
| 55083R203 | LYEL | LYELL IMMUNOPHARMA INC | $1.3M | 0.07% | 152,299 | Common | SOLE |
| 91864C107 | BRNS | BARINTHUS BIOTHERAPEUTICS PL | $1.3M | 0.07% | 1,420,473 | Common | SOLE |
| 055474209 | SLAI | BIT MINING LIMITED | $718,340 | 0.04% | 350,427 | Common | SOLE |
| 12233L206 | BNR | BURNING ROCK BIOTECH LTD | $67,030 | 0.00% | 21,212 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.