Polunin Capital Partners Ltd 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Polunin Capital Partners Ltd disclosed 27 US equity positions worth $495.0m in its Q1 2025 13F filing. The largest position was BABA at 26.6% of the reported book, followed by JD and P5Y. Against the Q4 2024 filing, it opened 4 new positions, added to 2 and reduced 16 among the top 27 holdings.
What did Polunin Capital Partners Ltd own in Q1 2025? Top 27 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 26.6% | $131.7m | 1,325,120 | 218% | added |
| 2 | JD JD.COM INC | Consumer Cyclical | 13.4% | $66.1m | 2,002,109 | -1% | reduced |
| 3 | P5Y BRF SA | 10.6% | $52.5m | 16,867,111 | -2% | reduced | |
| 4 | STNE STONECO LTD | Technology | 7.3% | $36.2m | 3,472,288 | -2% | reduced |
| 5 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 6.8% | $33.7m | 3,255,746 | -2% | reduced |
| 6 | PAGS PAGSEGURO DIGITAL LTD | Technology | 5.9% | $29.3m | 3,845,471 | -2% | reduced |
| 7 | ATHM AUTOHOME INC | Communication Services | 5.7% | $28.4m | 1,192,015 | 15% | added |
| 8 | BIDU BAIDU INC | Communication Services | 5.4% | $26.5m | 344,972 | – | new |
| 9 | UGP ULTRAPAR PARTICIPACOES SA | Energy | 4.8% | $24.0m | 8,680,434 | – | new |
| 10 | HSAI HESAI GROUP | 3.1% | $15.6m | 1,180,242 | -3% | reduced | |
| 11 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 1.7% | $8.3m | 210,331 | – | new |
| 12 | BVN COMPANIA DE MINAS BUENAVENTU | Basic Materials | 1.3% | $6.5m | 499,281 | – | new |
| 13 | JOYY JOYY INC | Communication Services | 1.3% | $6.4m | 167,377 | -3% | reduced |
| 14 | HIMX HIMAX TECHNOLOGIES INC | Technology | 0.9% | $4.5m | 758,268 | -3% | reduced |
| 15 | WB WEIBO CORP | Communication Services | 0.9% | $4.4m | 561,050 | -3% | reduced |
| 16 | MOMO HELLO GROUP INC | Communication Services | 0.8% | $3.8m | 706,495 | -3% | reduced |
| 17 | HUYA HUYA INC | Communication Services | 0.7% | $3.6m | 1,241,300 | -3% | reduced |
| 18 | NIU NIU TECHNOLOGIES | Consumer Cyclical | 0.6% | $3.1m | 1,072,062 | -3% | reduced |
| 19 | CGAU CENTERRA GOLD INC | Basic Materials | 0.6% | $2.9m | 529,115 | -3% | reduced |
| 20 | DOYU DOUYU INTL HLDGS LTD | 0.4% | $1.8m | 303,530 | -3% | reduced | |
| 21 | KWEB KRANESHARES TRUST | 0.2% | $1.2m | 41,100 | 0% | held | |
| 22 | ASHR DBX ETF TR | 0.2% | $967.0k | 40,845 | 0% | held | |
| 23 | MX MAGNACHIP SEMICONDUCTOR CORP | Technology | 0.2% | $950.0k | 358,495 | -2% | reduced |
| 24 | CAN CANAAN INC | Technology | 0.2% | $947.0k | 1,346,141 | -3% | reduced |
| 25 | TAL TAL EDUCATION GROUP | Consumer Defensive | 0.2% | $904.0k | 92,426 | 0% | held |
| 26 | HTT QUDIAN INC | 0.1% | $528.0k | 241,154 | 0% | held | |
| 27 | LU LUFAX HOLDING LTD | Financial Services | 0.0% | $220.0k | 89,626 | 0% | held |
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.