Q1 2026 · 13F-HR
Perseverance Asset Management Internationalholdings as filed
Filed 2026-05-14 · accession 0001802695-26-000002
$909.0M
Reported value
21
Positions
2026-03-31
Period end
The Brief · Perseverance Asset Management International · Q1 2026
AI · grounded in 13F
Perseverance Asset Management International established a new position in NVDA valued at $50.58M. The fund also opened new stakes in TCOM for $33.61M and FUTU for $20.51M. On the sell side, the fund closed its position in TLT, reducing exposure by $5.15M, and trimmed its holding of GOOG by 66.67%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 722304102 | PDD | PDD HOLDINGS INC | $220.9M | 24.3% | 2,161,676 | Common | SOLE |
| 44332N106 | HTHT | H WORLD GROUP LTD | $195.2M | 21.5% | 3,882,036 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $150.9M | 16.6% | 446,505 | Common | SOLE |
| 48553T106 | BZ | KANZHUN LIMITED | $57.4M | 6.32% | 4,287,565 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $50.6M | 5.56% | 290,000 | Common | SOLE |
| 98850P109 | YUMC | YUM CHINA HLDGS INC | $34.8M | 3.83% | 713,999 | Common | NONE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $33.6M | 3.70% | 674,999 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $28.7M | 3.16% | 100,000 | Common | SOLE |
| 482497104 | BEKE | KE HLDGS INC | $20.8M | 2.29% | 1,391,439 | Common | SOLE |
| 36118L106 | FUTU | FUTU HLDGS LTD | $20.5M | 2.26% | 150,000 | Common | SOLE |
| 64110W102 | NTES | NETEASE COM INC | $19.0M | 2.09% | 170,000 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $17.6M | 1.93% | 25,000 | Common | SOLE |
| 74969N103 | RLX | RLX TECHNOLOGY INC | $16.5M | 1.81% | 7,495,862 | Common | SOLE |
| 98422D105 | XPEV | XPENG INC | $13.7M | 1.51% | 800,000 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO | $7.7M | 0.84% | 300,000 | Common | SOLE |
| 46267X108 | IQ | IQIYI INC | $6.5M | 0.71% | 4,800,000 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $6.1M | 0.67% | 30,000 | Common | SOLE |
| 80004C200 | SNDK | SANDISK CORP | $3.5M | 0.38% | 5,479 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $3.0M | 0.33% | 8,975 | Common | SOLE |
| 985194208 | YSG | YATSEN HLDG LTD | $1.6M | 0.18% | 529,993 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $434,727 | 0.05% | 72,094 | Common | NONE |
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.