Polunin Capital Partners Ltd

CIK

1629869

Location

LONDON, X0

Portfolio Value

Small $384,245,587

Diversification

Diversified

Filing Date

Global Rank

#2,720 / 8,232 ▼ 532

Top Industry

Internet Retail 28.2%

3Y Alpha vs SPY

-3.2%

Period ended 2 months ago

Filed Apr 15, 2026 · 2mo

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

+62.9%

SPY

+76.3%

Annualised alpha

-3.2%

Max drawdown

−28.1%

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

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

Top Position

28.2%

−4.8 pts

Top 5

71.6%

+4.9 pts

Top 10

99.8%

+7.1 pts

HHI

1,466

Diversified−63

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	57.0%	$219,190,561	8
Consumer Cyclical	28.2%	$108,366,227	2
Communication Services	13.5%	$52,052,536	3
Basic Materials	1.2%	$4,636,263	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
PAGS	PagSeguro Digital Ltd.	+554,651	5,004,811	$50,148,206
DQ	Daqo New Energy Corp.	+283,959	1,742,664	$37,066,463
YMM	Full Truck Alliance Co. Ltd.	+700	3,152,833	$26,168,513
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
BABA	Alibaba Group Holding Ltd	−521,118	862,604	$108,222,297
MX	MAGNACHIP SEMICONDUCTOR Corp	−278,137	57,011	$159,630
DOYU	DouYu International Holdings Ltd	−265,630	12,198	$61,233
BIDU	Baidu, Inc.	−125,056	288,440	$32,137,984
GAU	Galiano Gold Inc.	−13,100	1,847,117	$4,636,263
CSIQ	Canadian Solar Inc.	−7,900	2,001,869	$27,725,885
STNE	StoneCo Ltd.	−2,000	3,354,763	$47,369,253
ATHM	Autohome Inc.	−900	1,142,966	$19,853,319
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
ACMR	ACM Research, Inc.	763,318	$30,036,563
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
JD	JD.com, Inc.	1,947,668	$55,898,071
BVN	Buenaventura Mining Co Inc	540,381	$15,038,803
JOYY	JOYY Inc.	151,493	$9,810,686
HUYA	HUYA Inc.	2,719,977	$7,833,533
CGAU	Centerra Gold Inc.	491,629	$7,064,708
HIMX	Himax Technologies, Inc.	706,750	$5,788,282
MOMO	Hello Group Inc.	853,219	$5,588,584
HTT	High Templar Tech Ltd	112,803	$400,450
LU	Lufax Holding Ltd	41,924	$107,325
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

14 positions · $384,245,587 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	862,604	-521,118	$108,222,297	−46.6%	28.16%
PAGS	PagSeguro Digital Ltd. Technology	Added	5,004,811	+554,651	$50,148,206	+16.9%	13.05%
STNE	StoneCo Ltd. Technology	Reduced	3,354,763	-2,000	$47,369,253	−4.6%	12.33%
DQ	Daqo New Energy Corp. Technology	Added	1,742,664	+283,959	$37,066,463	−13.9%	9.65%
BIDU	Baidu, Inc. Communication Services	Reduced	288,440	-125,056	$32,137,984	−40.5%	8.36%
ACMR	ACM Research, Inc. Technology	NEW	763,318	NEW	$30,036,563	NEW	7.82%
CSIQ	Canadian Solar Inc. Technology	Reduced	2,001,869	-7,900	$27,725,885	−42.0%	7.22%
YMM	Full Truck Alliance Co. Ltd. Technology	Added	3,152,833	+700	$26,168,513	−22.6%	6.81%
ATHM	Autohome Inc. Communication Services	Reduced	1,142,966	-900	$19,853,319	−22.0%	5.17%
GAU	Galiano Gold Inc. Basic Materials	Reduced	1,847,117	-13,100	$4,636,263	−1.5%	1.21%
CAN	Canaan Inc. Technology	Held	1,194,556	0	$516,048	−37.4%	0.13%
MX	MAGNACHIP SEMICONDUCTOR Corp Technology	Reduced	57,011	-278,137	$159,630	−81.3%	0.04%
BZUN	Baozun Inc. Consumer Cyclical	Held	60,222	0	$143,930	−10.2%	0.04%
DOYU	DouYu International Holdings Ltd Communication Services	Reduced	12,198	-265,630	$61,233	−96.8%	0.02%