Cederberg Capital Ltd 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Cederberg Capital Ltd disclosed 8 US equity positions worth $258.9m in its Q1 2025 13F filing. The largest position was NTES at 25.6% of the reported book, followed by PDD and EDU. Against the Q4 2024 filing, it opened 2 new positions, added to 1 and reduced 5 among the top 8 holdings.
What did Cederberg Capital Ltd own in Q1 2025? Top 8 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | NTES NTES US EQUITY | Communication Services | 25.6% | $66.4m | 644,975 | -7% | reduced |
| 2 | PDD PDD US EQUITY | Consumer Cyclical | 24.2% | $62.6m | 528,700 | -7% | reduced |
| 3 | EDU EDU US EQUITY | Consumer Defensive | 17.5% | $45.4m | 948,900 | -13% | reduced |
| 4 | FUTU FUTU US EQUITY | Financial Services | 11.5% | $29.8m | 291,305 | -18% | reduced |
| 5 | YMM YMM US EQUITY | Technology | 9.8% | $25.3m | 1,984,500 | – | new |
| 6 | HTHT HTHT US EQUITY | Consumer Cyclical | 9.2% | $23.8m | 643,500 | -6% | reduced |
| 7 | NU NU US EQUITY | Financial Services | 1.4% | $3.6m | 350,600 | 75% | added |
| 8 | SE SE US EQUITY | Consumer Cyclical | 0.8% | $2.0m | 15,100 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.