Yiheng Capital Management, L.P.
CIK
1447228
Location
SAN FRANCISCO, CA
Portfolio Value
Micro
$30,615,068
Diversification
Diversified
Filing Date
Global Rank
#3,925
/ 8,588
▼ 1240
Top Industry
Asset Management
29.1%
3Y Alpha vs SPY
-3.1%
Period ended 3 months ago
Filed May 15, 2026 · 33d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+63.4%
SPY
+76.8%
Annualised alpha
-3.1%
Max drawdown
−37.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
23 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
29.1%
−19.1 pts
Top 5
60.5%
−15.0 pts
Top 10
83.0%
−7.8 pts
HHI
1,239
Diversified−1,398
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 29.1% | $66,501,774 |
| Consumer Cyclical | 23.3% | $53,099,316 |
| Technology | 13.4% | $30,615,068 |
| Consumer Defensive | 13.1% | $29,956,641 |
| Healthcare | 11.6% | $26,379,883 |
| Communication Services | 9.5% | $21,689,673 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TAL | TAL Education Group | +450,000 | 759,240 | $8,632,558 | |
| API | Agora, Inc. | +192,248 | 725,795 | $2,569,314 | |
| YMM | Full Truck Alliance Co. Ltd. | +102,105 | 513,248 | $4,259,958 | |
| PASG | Passage BIO, Inc. | +51,796 | 86,097 | $675,861 | |
| EDU | New Oriental Education & Technology Group Inc. | +35,922 | 376,551 | $21,324,083 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
4 positions
New Positions
Positions the filer opened this quarter
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HNGE | Hinge Health, Inc. | 296,853 | $11,446,651 | |
| BILL | BILL Holdings, Inc. | 222,820 | $8,534,006 | |
| JOYY | JOYY Inc. | 85,583 | $4,997,191 | |
| TCOM | Trip.com Group Ltd | 88,112 | $4,387,096 | |
| ZEPP | Zepp Health Corp | 57,731 | $689,885 | |
| CLBT | Cellebrite DI Ltd. | 46,000 | $633,880 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
5 positions
7 positions ·
$30,615,068 total
· Technology only
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BILL |
BILL Holdings, Inc.
Technology
|
NEW | 222,820 | $8,534,006 | 27.88% | |
| SVCO |
Silvaco Group, Inc.
Technology
|
Held | 1,096,282 | $7,761,676 | 25.35% | |
| PONY |
Pony AI Inc.
Technology
|
Held | 653,215 | $6,166,349 | 20.14% | |
| YMM |
Full Truck Alliance Co. Ltd.
Technology
|
Added | 513,248 | $4,259,958 | 13.91% | |
| API |
Agora, Inc.
Technology
|
Added | 725,795 | $2,569,314 | 8.39% | |
| ZEPP |
Zepp Health Corp
Technology
|
NEW | 57,731 | $689,885 | 2.25% | |
| CLBT |
Cellebrite DI Ltd.
Technology
|
NEW | 46,000 | $633,880 | 2.07% |