Cederberg Capital Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Cederberg Capital Ltd disclosed 10 US equity positions worth $350.2m in its Q3 2025 13F filing. The largest position was PDD at 28.5% of the reported book, followed by NTES and EDU. Against the Q2 2025 filing, it opened 3 new positions, added to 4 and reduced 3 among the top 10 holdings.
What did Cederberg Capital Ltd own in Q3 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PDD PDD US EQUITY | Consumer Cyclical | 28.5% | $99.9m | 755,900 | 48% | added |
| 2 | NTES NTES US EQUITY | Communication Services | 24.7% | $86.6m | 569,475 | -12% | reduced |
| 3 | EDU EDU US EQUITY | Consumer Defensive | 12.2% | $42.9m | 807,718 | -13% | reduced |
| 4 | YMM YMM US EQUITY | Technology | 9.1% | $32.0m | 2,467,000 | 46% | added |
| 5 | FUTU FUTU US EQUITY | Financial Services | 9.0% | $31.5m | 181,105 | -28% | reduced |
| 6 | ATAT ATAT US EQUITY | Consumer Cyclical | 6.8% | $23.7m | 630,500 | – | new |
| 7 | ACMR ACMR US EQUITY | Technology | 5.5% | $19.4m | 496,500 | – | new |
| 8 | NU NU US EQUITY | Financial Services | 1.8% | $6.1m | 382,900 | 9% | added |
| 9 | FINV FINV US EQUITY | 1.4% | $5.0m | 680,600 | – | new | |
| 10 | SE SE US EQUITY | Consumer Cyclical | 0.9% | $3.1m | 17,600 | 17% | added |
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.