Q1 2025 · 13F-HR
Perseverance Asset Management Internationalholdings as filed
Filed 2025-05-14 · accession 0001802695-25-000004
$765.5M
Reported value
22
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 44332N106 | HTHT | H WORLD GROUP LTD | $200.1M | 26.1% | 5,406,616 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $179.2M | 23.4% | 1,513,763 | Common | SOLE |
| 482497104 | BEKE | KE HLDGS INC | $79.9M | 10.4% | 3,977,989 | Common | SOLE |
| 98850P109 | YUMC | YUM CHINA HLDGS INC | $57.3M | 7.49% | 1,101,087 | Common | SOLE |
| 48553T106 | BZ | KANZHUN LIMITED | $48.3M | 6.31% | 2,519,195 | Common | SOLE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $33.7M | 4.40% | 529,276 | Common | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTMT GROUP | $23.5M | 3.07% | 1,630,011 | Common | NONE |
| 64110W102 | NTES | NETEASE INC | $21.2M | 2.77% | 206,350 | Common | SOLE |
| 98980A105 | ZTO | ZTO EXPRESS CAYMAN INC | $17.9M | 2.34% | 903,947 | Common | NONE |
| 74969N103 | RLX | RLX TECHNOLOGY INC | $16.4M | 2.15% | 8,745,994 | Common | SOLE |
| 92826C839 | V | VISA INC | $15.8M | 2.06% | 45,000 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $15.6M | 2.04% | 100,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $13.6M | 1.78% | 82,000 | Common | SOLE |
| 50202M102 | LI | LI AUTO INC | $9.8M | 1.28% | 389,793 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $8.6M | 1.13% | 15,000 | Common | SOLE |
| 874080104 | TAL | TAL EDUCATION GROUP | $6.6M | 0.86% | 499,687 | Common | SOLE |
| 46267X108 | IQ | IQIYI INC | $4.2M | 0.56% | 1,880,000 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $4.0M | 0.52% | 83,832 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $3.8M | 0.49% | 10,000 | Common | SOLE |
| G0260P102 | AS | AMER SPORTS INC | $2.5M | 0.33% | 94,744 | Common | NONE |
| 86627T108 | SMMT | SUMMIT THERAPEUTICS INC | $1.8M | 0.23% | 91,359 | Common | SOLE |
| 135086106 | GOOS | CANADA GOOSE HLDGS INC | $1.6M | 0.21% | 200,000 | 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.