Cederberg Capital Ltd 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Cederberg Capital Ltd disclosed 9 US equity positions worth $308.0m in its Q4 2025 13F filing. The largest position was PDD at 27.8% of the reported book, followed by NTES and EDU. Against the Q3 2025 filing, it opened 0 new positions, added to 3 and reduced 3 among the top 9 holdings.
What did Cederberg Capital Ltd own in Q4 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PDD PDD US EQUITY | Consumer Cyclical | 27.8% | $85.7m | 755,900 | 0% | held |
| 2 | NTES NTES US EQUITY | Communication Services | 21.1% | $65.1m | 473,175 | -17% | reduced |
| 3 | EDU EDU US EQUITY | Consumer Defensive | 16.1% | $49.5m | 899,718 | 11% | added |
| 4 | ACMR ACMR US EQUITY | Technology | 8.9% | $27.4m | 693,900 | 40% | added |
| 5 | FUTU FUTU US EQUITY | Financial Services | 8.7% | $26.8m | 162,905 | -10% | reduced |
| 6 | ATAT ATAT US EQUITY | Consumer Cyclical | 8.1% | $24.8m | 630,500 | 0% | held |
| 7 | YMM YMM US EQUITY | Technology | 6.4% | $19.6m | 1,828,900 | -26% | reduced |
| 8 | NU NU US EQUITY | Financial Services | 2.1% | $6.4m | 382,900 | 0% | held |
| 9 | SE SE US EQUITY | Consumer Cyclical | 0.9% | $2.6m | 20,700 | 18% | 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.