Yiheng Capital Management, L.P.

CIK

1447228

Location

SAN FRANCISCO, CA

Portfolio Value

Small $252,062,240

Diversification

Diversified

Filing Date

Global Rank

#5,769 / 8,825 ▼ 138

Top Industry

Asset Management 26.6%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
IVA Inventiva S.A.	13G/A	Sep 30, 2025	12mo	7,597,148	5.46%	+3,265,952 since Sep 30, 2024	Current
NOAH Noah Holdings Ltd	13G/A	Dec 31, 2023	2y	6,719,722	10.52%	—	Unconfirmed since Dec 31, 2023

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 2 exited, below-5% or retired stakes

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 79.9% of the book (60%+)

Turnover

Medium turnover

40.7% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 17.7 quarters (12+), a floor since 56.5% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.5%; sector active share 44.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

25 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

26.6%

−2.2 pts

Top 5

57.9%

−1.9 pts

Top 10

79.0%

−3.1 pts

HHI

1,106

Diversified−108

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	26.6%	$67,106,336	1
Consumer Cyclical	17.7%	$44,655,949	5
Healthcare	14.2%	$35,710,221	7
Consumer Defensive	13.9%	$34,964,339	3
Technology	13.2%	$33,308,313	6
Communication Services	12.3%	$31,125,267	2
Industrials	2.1%	$5,191,815	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
BILI	Bilibili Inc.	+749,900	1,489,815	$25,371,549
VRDN	Viridian Therapeutics, Inc.\DE	+191,729	400,464	$7,356,523
ZEPP	Zepp Health Corp	+162,770	220,501	$1,148,810
YSG	Yatsen Holding Ltd	+148,327	946,193	$2,999,431
JD	JD.com, Inc.	+3,000	590,513	$15,046,271
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
EDU	New Oriental Education & Technology Group Inc.	−374,915	1,636	$75,108
TOUR	Tuniu Corp	−282,994	31,443	$151,869
SVCO	Silvaco Group, Inc.	−189,901	906,381	$12,498,993
HNGE	Hinge Health, Inc.	−140,663	156,190	$12,963,770
KYMR	Kymera Therapeutics, Inc.	−10,000	63,440	$7,274,664
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
PSIX	Power Solutions International, Inc.	133,500	$5,191,815
BIOA	BioAge Labs, Inc.	170,532	$4,179,739
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
CLBT	Cellebrite DI Ltd.	46,000	$633,880
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

25 tracked positions · $252,062,240 total · filing declares 32 positions · $291,299,248 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NOAH	Noah Holdings Ltd Financial Services	Held	6,717,351	0	$67,106,336	+0.9%	26+	before history	26.62%
BILI	Bilibili Inc. CALL + SHARES Communication Services	Added	1,496,045	+756,130	$25,477,645	+52.6%	26+	before history	10.11%
EDU	New Oriental Education & Technology Group Inc. CALL + SHARES Consumer Defensive	Added	537,987	+161,436	$24,698,982	+15.8%	20	$14.14	9.80%
JD	JD.com, Inc. CALL + SHARES Consumer Cyclical	Added	598,956	+11,443	$15,261,398	−12.2%	26+	before history	6.05%
HTHT	H World Group Ltd Consumer Cyclical	Held	323,371	0	$13,491,038	−17.0%	26+	before history	5.35%
HNGE	Hinge Health, Inc. Healthcare	Reduced	156,190	-140,663	$12,963,770	+13.3%	2	$41.56	5.14%
SVCO	Silvaco Group, Inc. Technology	Reduced	906,381	-189,901	$12,498,993	+61.0%	6	$6.68	4.96%
RERE	ATRenew Inc. Consumer Cyclical	Held	3,163,117	0	$12,241,262	−17.5%	21	unpriced	4.86%
BILL	BILL Holdings, Inc. Technology	Held	222,820	0	$8,057,171	−5.6%	2	$44.73	3.20%
VRDN	Viridian Therapeutics, Inc.\DE Healthcare	Added	400,464	+191,729	$7,356,523	+80.2%	16	$19.94	2.92%
KYMR	Kymera Therapeutics, Inc. Healthcare	Reduced	63,440	-10,000	$7,274,664	+18.9%	6	$36.45	2.89%
TAL	TAL Education Group Consumer Defensive	Held	759,240	0	$7,265,926	−15.8%	26+	before history	2.88%
JOYY	JOYY Inc. Communication Services	Held	85,583	0	$5,647,622	+13.0%	2	$63.18	2.24%
PSIX	Power Solutions International, Inc. Industrials	NEW	133,500	NEW	$5,191,815	NEW	1	$54.97	2.06%
PONY	Pony AI Inc. Technology	Held	653,215	0	$4,539,844	−26.4%	4	$16.19	1.80%
BIOA	BioAge Labs, Inc. Healthcare	NEW	170,532	NEW	$4,179,739	NEW	1	$18.07	1.66%
YMM	Full Truck Alliance Co. Ltd. Technology	Held	513,248	0	$4,167,573	−2.2%	3	$11.50	1.65%
TCOM	Trip.com Group Ltd Consumer Cyclical	Held	88,112	0	$3,510,382	−20.0%	2	$58.29	1.39%
YSG	Yatsen Holding Ltd Consumer Defensive	Added	946,193	+148,327	$2,999,431	+22.1%	7	$4.53	1.19%
API	Agora, Inc. Technology	Held	725,795	0	$2,895,922	+12.7%	6	$4.14	1.15%
DBVT	DBV Technologies S.A. Healthcare	Held	170,142	0	$2,790,328	−21.5%	12	$0.98	1.11%
ZEPP	Zepp Health Corp Technology	Added	220,501	+162,770	$1,148,810	+66.5%	2	$13.09	0.46%
BEAM	Beam Therapeutics Inc. Healthcare	Held	21,126	0	$725,044	+44.0%	18	$34.55	0.29%
PASG	Passage BIO, Inc. Healthcare	Held	86,097	0	$420,153	−37.8%	3	$9.67	0.17%
TOUR	Tuniu Corp Consumer Cyclical	Reduced	31,443	-282,994	$151,869	−37.3%	9	$9.31	0.06%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.