Perseverance Asset Management International
GEORGE TOWN, E9
$977m in 18 US stocks at the end of 30 June 2026. The top 10 are 95.6% of the money. It changed about 25.4% of the portfolio this quarter.
Value
$977m
Stocks
18
Top 10 share
95.6%
Turnover
25.4%
What changed this quarter
New
Bought for the first time this quarter.
- WerideWRD0.2% of the fund
- VisaV<0.1% of the fund
- Alibaba Group HldgBABA<0.1% of the fund
Added
Bought more of a stock they already held.
- Taiwan Semiconductor ManufacturingTSM24.4% of the fund+12%
- H World GroupHTHT17.2% of the fund+4%
- KanzhunBZ15.5% of the fund+175%
- Trip COM GroupTCOM4.2% of the fund+53%
- Micron TechnologyMU4.1% of the fund+283%
- SandiskSNDK3.7% of the fund+192%
- Yum China HoldingsYUMC3.5% of the fund+17%
- KE HldgsBEKE2.5% of the fund+19%
Cut
Sold some of their stake.
- NvidiaNVDA1.6% of the fund-72%
- Netease.comNTES0.5% of the fund-76%
- IqiyiIQ0.4% of the fund-19%
Sold out
Sold their entire stake.
- Futu HldgsFUTU-100%
- Lumentum HoldingsLITE-100%
- XpengXPEV-100%
- MosaicMOS-100%
- Advanced Micro DevicesAMD-100%
- NIONIO-100%
Holdings
- H World GroupHTHT
- Share
- 17.2%
- Value
- $168m
- Shares
- 4,035,321
+4%
- PDD HoldingsPDD
- Share
- 16.9%
- Value
- $165m
- Shares
- 2,163,479
Held
- Trip COM GroupTCOM
- Share
- 4.2%
- Value
- $41m
- Shares
- 1,034,085
+53%
- KE HldgsBEKE
- Share
- 2.5%
- Value
- $24m
- Shares
- 1,652,669
+19%
- RLX TechnologyRLX
- Share
- 1.4%
- Value
- $14m
- Shares
- 7,360,737
Held
- Netease.comNTES
- Share
- 0.5%
- Value
- $5m
- Shares
- 40,000
-76%
- IqiyiIQ
- Share
- 0.4%
- Value
- $4m
- Shares
- 3,900,000
-19%
- Yatsen HldgYSG
- Share
- 0.2%
- Value
- $2m
- Shares
- 529,993
Held
- WerideWRD
- Share
- 0.2%
- Value
- $2m
- Shares
- 260,000
New
- Alibaba Group HldgBABA
- Share
- <0.1%
- Value
- $326,236
- Shares
- 3,399
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 24.4% | $238m | 498,500 | +12% |
| H World GroupHTHT | 17.2% | $168m | 4,035,321 | +4% |
| PDD HoldingsPDD | 16.9% | $165m | 2,163,479 | Held |
| KanzhunBZ | 15.5% | $152m | 11,798,246 | +175% |
| Trip COM GroupTCOM | 4.2% | $41m | 1,034,085 | +53% |
| Micron TechnologyMU | 4.1% | $40m | 34,417 | +283% |
| SandiskSNDK | 3.7% | $36m | 16,000 | +192% |
| AlphabetGOOG | 3.6% | $35m | 100,000 | Held |
| Yum China HoldingsYUMC | 3.5% | $34m | 837,114 | +17% |
| KE HldgsBEKE | 2.5% | $24m | 1,652,669 | +19% |
| NvidiaNVDA | 1.6% | $16m | 80,000 | -72% |
| RLX TechnologyRLX | 1.4% | $14m | 7,360,737 | Held |
| Netease.comNTES | 0.5% | $5m | 40,000 | -76% |
| IqiyiIQ | 0.4% | $4m | 3,900,000 | -19% |
| Yatsen HldgYSG | 0.2% | $2m | 529,993 | Held |
| WerideWRD | 0.2% | $2m | 260,000 | New |
| VisaV | <0.1% | $486,845 | 1,419 | New |
| Alibaba Group HldgBABA | <0.1% | $326,236 | 3,399 | New |
Options (1)
- Vertiv HoldingsVRT
- Type
- Put
- Value
- $2m
- Contracts
- 5,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Vertiv HoldingsVRT | Put | $2m | 5,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 145.9% since 30 June 2025.
Where the money is
Technology49.3%
Media & telecom3.6%
Retail & consumer3.5%
Financial services0.0%
Other43.5%
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.