Cederberg Capital Ltd

CIK

1861244

Location

LONDON, X0

Portfolio Value

Small $183,520,277

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,403 / 8,622 ▼ 936 · as of Mar 2026

Top Industry

Internet Retail 22.0%

3Y Alpha vs SPY

-18.4%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+1.3%

SPY

+67.9%

Annualised alpha

-18.4%

Max drawdown

−33.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

21.9%

−5.9 pts

Top 5

87.2%

+4.5 pts

Top 10

100.0%

0.0 pts

HHI

1,653

Moderately concentrated−92

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	46.8%	$85,945,701	4
Communication Services	21.9%	$40,262,019	1
Basic Materials	14.0%	$25,770,598	2
Technology	12.8%	$23,578,520	1
Consumer Defensive	2.3%	$4,136,708	1
Financial Services	2.1%	$3,826,731	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
ATAT	Atour Lifestyle Holdings Ltd	+270,100	900,600	$33,151,086
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
EDU	New Oriental Education & Technology Group Inc.	−826,670	73,048	$4,136,708
PDD	PDD Holdings Inc.	−372,800	383,100	$39,145,158
NU	Nu Holdings Ltd.	−116,600	266,300	$3,826,731
NTES	NetEase, Inc.	−113,500	359,675	$40,262,019
ACMR	ACM Research, Inc.	−94,700	599,200	$23,578,520
SE	Sea Ltd	−6,000	14,700	$1,217,307
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
SVM	Silvercorp Metals Inc	2,219,100	$23,833,134
CYD	China Yuchai International Ltd	322,913	$12,432,150
AU	AngloGold Ashanti PLC	19,900	$1,937,464
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
FUTU	Futu Holdings Ltd	162,905	$26,750,630
YMM	Full Truck Alliance Co. Ltd.	1,828,900	$19,624,097
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

10 tracked positions · $183,520,277 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NTES	NetEase, Inc. Communication Services	Reduced	359,675	-113,500	$40,262,019	−38.2%	21.94%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	383,100	-372,800	$39,145,158	−54.3%	21.33%
ATAT	Atour Lifestyle Holdings Ltd Consumer Cyclical	Added	900,600	+270,100	$33,151,086	+33.4%	18.06%
SVM	Silvercorp Metals Inc Basic Materials	NEW	2,219,100	NEW	$23,833,134	NEW	12.99%
ACMR	ACM Research, Inc. Technology	Reduced	599,200	-94,700	$23,578,520	−13.9%	12.85%
CYD	China Yuchai International Ltd Consumer Cyclical	NEW	322,913	NEW	$12,432,150	NEW	6.77%
EDU	New Oriental Education & Technology Group Inc. Consumer Defensive	Reduced	73,048	-826,670	$4,136,708	−91.6%	2.25%
NU	Nu Holdings Ltd. Financial Services	Reduced	266,300	-116,600	$3,826,731	−40.3%	2.09%
AU	AngloGold Ashanti PLC Basic Materials	NEW	19,900	NEW	$1,937,464	NEW	1.06%
SE	Sea Ltd Consumer Cyclical	Reduced	14,700	-6,000	$1,217,307	−53.9%	0.66%

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.