Yiheng Capital Management, L.P. 13F annual report
Yiheng Capital Management, L.P. is an investment fund managing more than $709 billion ran by Janet Ji. There are currently 20 companies in Mrs. Ji’s portfolio. The largest investments include Bilibili Inc and JD.com Inc, together worth $322 billion.
$709 billion Assets Under Management (AUM)
As of 7th August 2024, Yiheng Capital Management, L.P.’s top holding is 12,669,249 shares of Bilibili Inc currently worth over $196 billion and making up 27.6% of the portfolio value.
Relative to the number of outstanding shares of Bilibili Inc, Yiheng Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 4,903,489 shares of JD.com Inc worth $127 billion, whose value grew 12.9% in the past six months.
The third-largest holding is Noah Hldgs Ltd worth $64.8 billion and the next is H World Group Ltd worth $53.4 billion, with 1,603,978 shares owned.
Currently, Yiheng Capital Management, L.P.'s portfolio is worth at least $709 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Yiheng Capital Management, L.P.
The Yiheng Capital Management, L.P. office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Janet Ji serves as the CCO at Yiheng Capital Management, L.P..
Recent trades
In the most recent 13F filing, Yiheng Capital Management, L.P. revealed that it had opened a new position in
Dbv Technologies S A and bought 3,153,576 shares worth $2.53 billion.
The investment fund also strengthened its position in JD.com Inc by buying
1,699,128 additional shares.
This makes their stake in JD.com Inc total 4,903,489 shares worth $127 billion.
JD.com Inc dropped 28.9% in the past year.
On the other hand, there are companies that Yiheng Capital Management, L.P. is getting rid of from its portfolio.
Yiheng Capital Management, L.P. closed its position in Dbv Technologies S A on 14th August 2024.
It sold the previously owned 5,568,909 shares for $4.17 billion.
Janet Ji also disclosed a decreased stake in Bilibili Inc by approximately 0.1%.
This leaves the value of the investment at $196 billion and 12,669,249 shares.
One of the average hedge funds
The two most similar investment funds to Yiheng Capital Management, L.P. are Allen Capital and 8 Knots Management. They manage $709 billion and $709 billion respectively.
Janet Ji investment strategy
Yiheng Capital Management, L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 27.6% of
the total portfolio value.
The fund focuses on investments in the China as
20.0% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
15% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $17 billion.
The complete list of Yiheng Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Bilibili Inc |
7.10%
12,669,249
|
$195,613,205,000 | 27.58% |
| JD.com Inc |
53.03%
4,903,489
|
$126,706,156,000 | 17.87% |
| Noah Hldgs Ltd |
No change
6,719,722
|
$64,845,317,000 | 9.14% |
| H World Group Ltd |
18.80%
1,603,978
|
$53,444,547,000 | 7.54% |
| New Oriental Ed & Technology |
7.07%
657,629
|
$51,117,502,000 | 7.21% |
| Roblox Corporation |
No change
1,220,744
|
$45,423,884,000 | 6.41% |
| Akero Therapeutics Inc |
No change
1,434,179
|
$33,645,839,000 | 4.74% |
| Transdigm Group Incorporated |
16.39%
26,021
|
$33,244,690,000 | 4.69% |
| Denali Therapeutics Inc |
No change
1,150,684
|
$26,718,882,000 | 3.77% |
| TAL Education Group |
No change
1,935,718
|
$20,654,111,000 | 2.91% |
| Beam Therapeutics Inc. |
No change
845,500
|
$19,810,065,000 | 2.79% |
| Viridian Therapeutics Inc |
No change
948,130
|
$12,335,171,000 | 1.74% |
| Acm Resh Inc |
7.31%
446,104
|
$10,287,158,000 | 1.45% |
| Inventiva Sa |
No change
2,644,926
|
$7,908,329,000 | 1.12% |
| Dbv Technologies S A |
Closed
5,568,909
|
$4,171,670,000 | |
| Atrenew Inc |
711.31%
1,326,293
|
$3,143,314,000 | 0.44% |
| Dbv Technologies S A |
Opened
3,153,576
|
$2,526,014,000 | 0.36% |
| Commscope Hldg Co Inc |
No change
730,877
|
$898,979,000 | 0.13% |
| Generation Bio Co. |
No change
191,530
|
$540,115,000 | 0.08% |
| Tuniu Corp |
Opened
314,437
|
$263,152,000 | 0.04% |
| Jianzhi Ed Technology Group |
No change
25,702
|
$14,907,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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