Polunin Capital Partners Ltd 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Polunin Capital Partners Ltd disclosed 27 US equity positions worth $611.9m in its Q2 2025 13F filing. The largest position was BABA at 25.2% of the reported book, followed by P5Y and JD. Against the Q1 2025 filing, it opened 0 new positions, added to 4 and reduced 0 among the top 27 holdings.
What did Polunin Capital Partners Ltd own in Q2 2025? Top 27 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 25.2% | $154.1m | 1,426,634 | 8% | added |
| 2 | P5Y BRF SA | 10.9% | $66.8m | 16,829,511 | -0% | held | |
| 3 | JD JD.COM INC | Consumer Cyclical | 10.9% | $66.6m | 2,037,856 | 2% | added |
| 4 | STNE STONECO LTD | Technology | 9.2% | $56.5m | 3,464,288 | -0% | held |
| 5 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 6.7% | $41.2m | 3,247,146 | -0% | held |
| 6 | PAGS PAGSEGURO DIGITAL LTD | Technology | 5.8% | $35.3m | 3,835,371 | -0% | held |
| 7 | ATHM AUTOHOME INC | Communication Services | 5.2% | $32.0m | 1,189,315 | -0% | held |
| 8 | UGP ULTRAPAR PARTICIPACOES SA | Energy | 5.1% | $31.4m | 9,457,242 | 9% | added |
| 9 | BIDU BAIDU INC | Communication Services | 5.1% | $31.0m | 343,872 | -0% | held |
| 10 | HSAI HESAI GROUP | 4.4% | $26.9m | 1,180,242 | 0% | held | |
| 11 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 2.0% | $12.4m | 210,331 | 0% | held |
| 12 | JOYY JOYY INC | Communication Services | 1.5% | $9.0m | 167,377 | 0% | held |
| 13 | BVN COMPANIA DE MINAS BUENAVENTU | Basic Materials | 1.3% | $8.1m | 499,281 | 0% | held |
| 14 | HIMX HIMAX TECHNOLOGIES INC | Technology | 1.1% | $7.0m | 758,268 | 0% | held |
| 15 | MOMO HELLO GROUP INC | Communication Services | 1.0% | $6.2m | 706,495 | 0% | held |
| 16 | WB WEIBO CORP | Communication Services | 0.9% | $5.5m | 561,050 | 0% | held |
| 17 | HUYA HUYA INC | Communication Services | 0.8% | $5.1m | 2,078,672 | 67% | added |
| 18 | NIU NIU TECHNOLOGIES | Consumer Cyclical | 0.6% | $3.8m | 1,072,062 | 0% | held |
| 19 | CGAU CENTERRA GOLD INC | Basic Materials | 0.6% | $3.8m | 529,115 | 0% | held |
| 20 | DOYU DOUYU INTL HLDGS LTD | 0.4% | $2.1m | 303,530 | 0% | held | |
| 21 | MX MAGNACHIP SEMICONDUCTOR CORP | Technology | 0.2% | $1.4m | 358,495 | 0% | held |
| 22 | KWEB KRANESHARES TRUST | 0.2% | $1.4m | 41,100 | 0% | held | |
| 23 | ASHR DBX ETF TR | 0.2% | $1.1m | 40,845 | 0% | held | |
| 24 | TAL TAL EDUCATION GROUP | Consumer Defensive | 0.2% | $966.0k | 92,426 | 0% | held |
| 25 | CAN CANAAN INC | Technology | 0.2% | $963.0k | 1,346,141 | 0% | held |
| 26 | HTT QUDIAN INC | 0.1% | $779.0k | 241,154 | 0% | held | |
| 27 | LU LUFAX HOLDING LTD | Financial Services | 0.0% | $246.0k | 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.