HSG Holding
NA, K3files as HSG Holding Ltd
$1.2bn in 20 US stocks at the end of 30 June 2026. The top 10 are 97.2% of the money. It changed about 9.5% of the portfolio this quarter.
Value
$1.2bn
Stocks
20
Top 10 share
97.2%
Turnover
9.5%
What changed this quarter
New
Bought for the first time this quarter.
- Gyre TherapeuticsGYRE2.1% of the fund
- Yimutian<0.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- WebullBULL-100%
- Yimutian-100%
Holdings
- PDD HoldingsPDD
- Share
- 72.3%
- Value
- $866m
- Shares
- 11,348,426
Held
- Futu HldgsFUTU
- Share
- 5.8%
- Value
- $69m
- Shares
- 740,352
Held
- Pony AIPONY
- Share
- 4.4%
- Value
- $52m
- Shares
- 7,538,358
Held
- KE HldgsBEKE
- Share
- 2.4%
- Value
- $28m
- Shares
- 1,939,017
Held
- Dingdong CaymanDDL
- Share
- 1.6%
- Value
- $19m
- Shares
- 10,091,839
Held
- Structure TherapeuticsGPCR
- Share
- 1.2%
- Value
- $14m
- Shares
- 266,062
Held
- 51talk Online Education GrouCOE
- Share
- 0.6%
- Value
- $8m
- Shares
- 474,901
Held
- Lotus TechnologyLOT
- Share
- 0.5%
- Value
- $6m
- Shares
- 4,834,099
Held
- Solai Limited
- Share
- <0.1%
- Value
- $1m
- Shares
- 350,427
Held
- Barinthus Biotherapeutics PL
- Share
- <0.1%
- Value
- $937,512
- Shares
- 1,420,473
Held
- Burning Rock BiotechBNR
- Share
- <0.1%
- Value
- $177,544
- Shares
- 21,212
Held
- Yimutian
- Share
- <0.1%
- Value
- $121,619
- Shares
- 229,470
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| PDD HoldingsPDD | 72.3% | $866m | 11,348,426 | Held |
| Futu HldgsFUTU | 5.8% | $69m | 740,352 | Held |
| Pony AIPONY | 4.4% | $52m | 7,538,358 | Held |
| Circle Internet GroupCRCL | 3.5% | $42m | 669,200 | Held |
| KE HldgsBEKE | 2.4% | $28m | 1,939,017 | Held |
| Gyre TherapeuticsGYRE | 2.1% | $25m | 3,750,299 | New |
| KanzhunBZ | 2.0% | $24m | 1,900,000 | Held |
| ArriVent BioPharmaAVBP | 1.9% | $23m | 663,308 | Held |
| Dingdong CaymanDDL | 1.6% | $19m | 10,091,839 | Held |
| Structure TherapeuticsGPCR | 1.2% | $14m | 266,062 | Held |
| 51talk Online Education GrouCOE | 0.6% | $8m | 474,901 | Held |
| Lotus TechnologyLOT | 0.5% | $6m | 4,834,099 | Held |
| AdageneADAG | 0.5% | $6m | 1,343,364 | Held |
| TH InternationalTHCH | 0.5% | $6m | 2,900,606 | Held |
| Bitdeer Technologies GroupBTDR | 0.4% | $5m | 293,732 | Held |
| Lyell ImmunopharmaLYEL | 0.2% | $2m | 152,299 | Held |
| Solai Limited | <0.1% | $1m | 350,427 | Held |
| Barinthus Biotherapeutics PL | <0.1% | $937,512 | 1,420,473 | Held |
| Burning Rock BiotechBNR | <0.1% | $177,544 | 21,212 | Held |
| Yimutian | <0.1% | $121,619 | 229,470 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 38.3% since 30 June 2025.
Where the money is
Health care4.6%
Financial services3.9%
Technology2.0%
Retail & consumer0.5%
Other89.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.