Yiheng Capital Management, L.P. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Yiheng Capital Management, L.P. disclosed 23 US equity positions worth $302.3m in its Q3 2025 13F filing. The largest position was NOAH at 25.8% of the reported book, followed by BILI and EDU. Against the Q2 2025 filing, it opened 4 new positions, added to 0 and reduced 4 among the top 23 holdings.
What did Yiheng Capital Management, L.P. own in Q3 2025? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NOAH NOAH HLDGS LTD | 25.8% | $77.9m | 6,717,351 | -0% | held | |
| 2 | BILI BILIBILI INC | Communication Services | 13.2% | $39.8m | 1,418,564 | -26% | reduced |
| 3 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 9.2% | $27.7m | 521,901 | -13% | reduced |
| 4 | JD JD.COM INC | Consumer Cyclical | 9.1% | $27.5m | 787,413 | 0% | held |
| 5 | HTHT H WORLD GROUP LTD | Consumer Cyclical | 5.9% | $17.9m | 457,032 | -7% | reduced |
| 6 | IVA INVENTIVA SA | 5.1% | $15.3m | 2,644,926 | 0% | held | |
| 7 | RERE ATRENEW INC | 4.8% | $14.6m | 3,163,117 | 0% | held | |
| 8 | ACMR ACM RESH INC | Technology | 3.6% | $11.0m | 280,201 | 0% | held |
| 9 | VRDN VIRIDIAN THERAPEUTICS INC | Healthcare | 3.6% | $10.8m | 500,261 | 0% | held |
| 10 | AKERO THERAPEUTICS INC | 3.0% | $9.1m | 191,076 | -36% | reduced | |
| 11 | KYMR KYMERA THERAPEUTICS INC | Healthcare | 2.3% | $6.9m | 122,605 | 0% | held |
| 12 | DNLI DENALI THERAPEUTICS INC | Healthcare | 2.3% | $6.8m | 469,981 | 0% | held |
| 13 | RARE ULTRAGENYX PHARMACEUTICAL IN | Healthcare | 2.2% | $6.8m | 225,758 | – | new |
| 14 | DBVT DBV TECHNOLOGIES S A | 2.2% | $6.6m | 656,309 | 0% | held | |
| 15 | SVCO SILVACO GROUP INC | 2.0% | $5.9m | 1,096,282 | 0% | held | |
| 16 | PONY PONY AI INC | Technology | 1.5% | $4.5m | 200,300 | – | new |
| 17 | CLBT CELLEBRITE DI LTD | Technology | 1.4% | $4.3m | 231,031 | – | new |
| 18 | TAL TAL EDUCATION GROUP | Consumer Defensive | 1.1% | $3.5m | 309,240 | 0% | held |
| 19 | API AGORA INC | Technology | 0.7% | $2.0m | 533,547 | 0% | held |
| 20 | BEAM BEAM THERAPEUTICS INC | Healthcare | 0.6% | $1.7m | 69,058 | 0% | held |
| 21 | YSG YATSEN HLDG LTD | 0.3% | $872.7k | 96,328 | 0% | held | |
| 22 | GENERATION BIO CO | 0.2% | $645.8k | 105,524 | – | new | |
| 23 | TOUR TUNIU CORP | Consumer Cyclical | 0.1% | $299.4k | 314,437 | 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.