HSG Holding Ltd

CIK

1470766

Location

NA, K3

Portfolio Value

Small $108,429,217

Diversification

Highly concentrated

Filing Date

Global Rank

#1,364 / 8,588 ▼ 11

Top Industry

Internet Retail 73.8%

3Y Alpha vs SPY

-31.1%

Period ended 3 months ago

Filed May 15, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-27.0%

SPY

+78.1%

Annualised alpha

-31.2%

Max drawdown

−45.6%

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

20 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

73.8%

−4.0 pts

Top 5

90.9%

−1.6 pts

Top 10

97.8%

−0.6 pts

HHI

5,535

Highly concentrated−588

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	74.5%	$1,171,116,629	3
Financial Services	10.5%	$165,098,911	2
Technology	6.9%	$108,429,217	5
Healthcare	2.4%	$37,598,204	6
Consumer Defensive	2.3%	$35,391,304	2
Real Estate	1.8%	$29,027,084	1
Communication Services	1.6%	$25,441,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
CRCL	Circle Internet Group, Inc.	+357,000	669,200	$63,848,372
No positions match the current search.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
PONY	Pony AI Inc.	7,538,358	$71,162,098
YMT	Yimutian Inc.	3,442,060	$592,034
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

5 positions · $108,429,217 total · Technology only · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PONY	Pony AI Inc. Technology	NEW	7,538,358	NEW	$71,162,098	NEW	65.63%
BULL	Webull Corp Technology	Held	7,053,639	0	$33,857,467	−38.2%	31.23%
BTDR	Bitdeer Technologies Group Technology	Held	293,732	0	$2,540,781	−22.8%	2.34%
YMT	Yimutian Inc. Technology	NEW	3,442,060	NEW	$592,034	NEW	0.55%
SLAI	SOLAI Ltd Technology	Held	350,427	0	$276,837	+17.9%	0.26%