Q2 2025 · 13F-HR
Perseverance Asset Management Internationalholdings as filed
Filed 2025-08-14 · accession 0001802695-25-000007
$397.4M
Reported value
9
Positions
2025-06-30
Period end
The Brief · Perseverance Asset Management International · Q2 2025
AI · grounded in 13F
Perseverance Asset Management International established a new position in H WORLD GROUP LTD HTHT valued at $167.7M. The fund also initiated a new stake in PDD HOLDINGS INC PDD for $137.4M. Additional new positions include YUM CHINA HLDGS INC YUMC at $39.5M and AMER SPORTS INC AS at $23.8M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 44332N106 | HTHT | H WORLD GROUP LTD | $167.7M | 42.2% | 4,942,827 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $137.4M | 34.6% | 1,312,663 | Common | SOLE |
| 98850P109 | YUMC | YUM CHINA HLDGS INC | $39.5M | 9.93% | 882,562 | Common | NONE |
| G0260P102 | AS | AMER SPORTS INC | $23.8M | 6.00% | 615,197 | Common | SOLE |
| 74969N103 | RLX | RLX TECHNOLOGY INC | $14.7M | 3.69% | 6,643,226 | Common | SOLE |
| 48553T106 | BZ | KANZHUN LIMITED | $4.5M | 1.13% | 251,642 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $3.5M | 0.89% | 20,000 | Common | SOLE |
| 46267X108 | IQ | IQIYI INC | $3.3M | 0.84% | 1,890,000 | Common | SOLE |
| 86627T108 | SMMT | SUMMIT THERAPEUTICS INC | $3.0M | 0.75% | 139,928 | 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.