Cederberg Capital Ltd

CIK

1861244

Location

LONDON, X0

Portfolio Value

Small $183,520,277

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,062 / 8,232 ▼ 817

Top Industry

Internet Retail 22.0%

3Y Alpha vs SPY

-16.1%

Period ended 2 months ago

Filed May 15, 2026 · 30d

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

+14.8%

SPY

+76.3%

Annualised alpha

-16.1%

Max drawdown

−33.4%

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

10 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 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%