Yiheng Capital Management, L.P.: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1447228) · Explore on the interactive board
Yiheng Capital Management, L.P. disclosed 25 US equity positions worth $234.6m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is NOAH at 28.6% of the reported book, followed by BILI, JD. The top ten holdings are 77.4% of the book, and the portfolio behaves like about 9 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 5, reduced 4 and exited 2. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Yiheng Capital Management, L.P. own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 3 new, 5 added, 4 reduced, 2 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | NOAH NOAH HLDGS LTD | 28.6% | $67.1m | 6,717,351 | 0% | held | |
| 2 | BILI BILIBILI INC | Communication Services | 10.8% | $25.4m | 1,489,815 | 101% | added |
| 3 | JD JD.COM INC | Consumer Cyclical | 6.4% | $15.0m | 590,513 | 1% | added |
| 4 | HTHT H WORLD GROUP LTD | Consumer Cyclical | 5.8% | $13.5m | 323,371 | 0% | held |
| 5 | HNGE HINGE HEALTH INC | Healthcare | 5.5% | $13.0m | 156,190 | -47% | reduced |
| 6 | SVCO SILVACO GROUP INC | 5.3% | $12.5m | 906,381 | -17% | reduced | |
| 7 | RERE ATRENEW INC | Consumer Cyclical | 5.2% | $12.2m | 3,163,117 | 0% | held |
| 8 | BILL BILL HOLDINGS INC | Technology | 3.4% | $8.1m | 222,820 | 0% | held |
| 9 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 3.2% | $7.5m | 1,636 | -100% | reduced |
| 10 | VRDN VIRIDIAN THERAPEUTICS INC | Healthcare | 3.1% | $7.4m | 400,464 | 92% | added |
| 11 | KYMR KYMERA THERAPEUTICS INC | Healthcare | 3.1% | $7.3m | 63,440 | -14% | reduced |
| 12 | TAL TAL ED GROUP | Consumer Defensive | 3.1% | $7.3m | 759,240 | 0% | held |
| 13 | JOYY JOYY INC | Communication Services | 2.4% | $5.6m | 85,583 | 0% | held |
| 14 | PSIX POWER SOLUTIONS INTL INC | 2.2% | $5.2m | 133,500 | – | new | |
| 15 | PONY PONY AI INC | Technology | 1.9% | $4.5m | 653,215 | 0% | held |
| 16 | BIOA BIOAGE LABS INC | 1.8% | $4.2m | 170,532 | – | new | |
| 17 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 1.8% | $4.2m | 513,248 | 0% | held |
| 18 | TCOM TRIP COM GROUP LTD | Consumer Cyclical | 1.5% | $3.5m | 88,112 | 0% | held |
| 19 | YSG YATSEN HLDG LTD | 1.3% | $3.0m | 946,193 | 19% | added | |
| 20 | API AGORA INC | Technology | 1.2% | $2.9m | 725,795 | 0% | held |
| 21 | DBVT DBV TECHNOLOGIES S A | 1.2% | $2.8m | 170,142 | 0% | held | |
| 22 | ZEPP ZEPP HEALTH CORPORATION | 0.5% | $1.1m | 220,501 | 282% | added | |
| 23 | BEAM BEAM THERAPEUTICS INC | Healthcare | 0.3% | $725.0k | 21,126 | 0% | held |
| 24 | PASG PASSAGE BIO INC | 0.2% | $420.2k | 86,097 | 0% | held | |
| 25 | TOUR TUNIU CORP | 0.1% | $151.9k | 31,443 | – | new |
What did Yiheng Capital Management, L.P. sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| CLBT CELLEBRITE DI LTD | 72.4% | $633.9k |
| TOUR TUNIU CORP | 27.6% | $242.1k |
Sector mix
| Sector | Weight |
|---|---|
| Consumer Cyclical | 18.9% |
| Communication Services | 13.2% |
| Healthcare | 12.1% |
| Technology | 8.4% |
| Consumer Defensive | 6.3% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Yiheng Capital Management, L.P.'s portfolio?
Across every quarter Yiheng Capital Management, L.P. has filed, its median largest position is 28.7% of the book and its median top-ten weight is 79.8%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 1.0 completed holding spells, the median lasted 1.0 quarters; 25.0 positions are still open and their final length is unknown.