Perseverance Asset Management International

CIK

1802695

Location

GEORGE TOWN, E9

Portfolio Value

Small $878,729,874

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,637 / 8,232 ▲ 611

Top Industry

Internet Retail 25.1%

3Y Alpha vs SPY

-6.9%

Period ended 2 months ago

Filed May 14, 2026 · 31d

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

+46.0%

SPY

+76.3%

Annualised alpha

-7.4%

Max drawdown

−28.6%

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

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

Top Position

25.1%

−16.7 pts

Top 5

76.8%

−15.5 pts

Top 10

91.5%

−8.5 pts

HHI

1,554

Moderately concentrated−1,734

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	56.7%	$498,667,440	6
Technology	26.4%	$231,657,404	6
Communication Services	9.4%	$82,920,294	3
Real Estate	2.4%	$20,829,841	1
Financial Services	2.3%	$20,514,000	1
Consumer Defensive	1.9%	$16,490,895	1
Basic Materials	0.9%	$7,650,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
BZ	Kanzhun Ltd	+4,035,923	4,287,565	$57,410,494
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+417,771	446,505	$150,896,364
BEKE	KE Holdings Inc.	+236,000	1,391,439	$20,829,841
PDD	PDD Holdings Inc.	+199,584	2,161,676	$220,880,053
NTES	NetEase, Inc.	+60,000	170,000	$19,029,800
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
IQ	iQIYI, Inc.	−2,000,000	4,800,000	$6,480,000
HTHT	H World Group Ltd	−1,290,334	3,882,036	$195,227,590
RLX	RLX Technology Inc.	−295,066	7,495,862	$16,490,895
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	290,000	$50,576,000
TCOM	Trip.com Group Ltd	674,999	$33,608,200
FUTU	Futu Holdings Ltd	150,000	$20,514,000
LITE	Lumentum Holdings Inc.	25,000	$17,569,000
XPEV	Xpeng Inc.	800,000	$13,688,000
MOS	Mosaic Co	300,000	$7,650,000
AMD	Advanced Micro Devices Inc	30,000	$6,102,900
SNDK	Sandisk Corp	5,479	$3,481,027
MU	Micron Technology Inc	8,975	$3,032,113
NIO	NIO Inc.	72,094	$434,726
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
API	Agora, Inc.	700,000	$2,849,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

19 positions · $878,729,874 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PDD	PDD Holdings Inc. Consumer Cyclical	Added	2,161,676	+199,584	$220,880,053	−0.7%	25.14%
HTHT	H World Group Ltd Consumer Cyclical	Reduced	3,882,036	-1,290,334	$195,227,590	−19.8%	22.22%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	446,505	+417,771	$150,896,364	+1628.1%	17.17%
BZ	Kanzhun Ltd Communication Services	Added	4,287,565	+4,035,923	$57,410,494	+1019.4%	6.53%
NVDA	Nvidia Corp Technology	NEW	290,000	NEW	$50,576,000	NEW	5.76%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Held	713,999	0	$34,828,871	+2.2%	3.96%
TCOM	Trip.com Group Ltd Consumer Cyclical	NEW	674,999	NEW	$33,608,200	NEW	3.82%
BEKE	KE Holdings Inc. Real Estate	Added	1,391,439	+236,000	$20,829,841	+14.4%	2.37%
FUTU	Futu Holdings Ltd Financial Services	NEW	150,000	NEW	$20,514,000	NEW	2.33%
NTES	NetEase, Inc. Communication Services	Added	170,000	+60,000	$19,029,800	+25.7%	2.17%
LITE	Lumentum Holdings Inc. Technology	NEW	25,000	NEW	$17,569,000	NEW	2.00%
RLX	RLX Technology Inc. Consumer Defensive	Reduced	7,495,862	-295,066	$16,490,895	−9.2%	1.88%
XPEV	Xpeng Inc. Consumer Cyclical	NEW	800,000	NEW	$13,688,000	NEW	1.56%
MOS	Mosaic Co Basic Materials	NEW	300,000	NEW	$7,650,000	NEW	0.87%
IQ	iQIYI, Inc. Communication Services	Reduced	4,800,000	-2,000,000	$6,480,000	−50.4%	0.74%
AMD	Advanced Micro Devices Inc Technology	NEW	30,000	NEW	$6,102,900	NEW	0.69%
SNDK	Sandisk Corp Technology	NEW	5,479	NEW	$3,481,027	NEW	0.40%
MU	Micron Technology Inc Technology	NEW	8,975	NEW	$3,032,113	NEW	0.35%
NIO	NIO Inc. Consumer Cyclical	NEW	72,094	NEW	$434,726	NEW	0.05%