Yiheng Capital Management L P's Q3 2022 13F: 1 new position, 1 exit
Form 13F-HR for the quarter ended Sep 30, 2022 · filed Nov 14, 2022 · 30 reported positions · accession 0001447228-22-000010
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ACM RESH INC (ACMR) | 6.4% | 0.4% | −6.0 pts | −4.96M sh | −94% |
| Exited | GLOBAL BLOOD THERAPEUTICS IN (GBT) | 3.4% | — | −3.4 pts | −1.5M sh | −100% |
| Reduced | IVERIC BIO INC (ISEE) | 3.5% | 6.1% | +2.6 pts | −1.45M sh | −29% |
| Increased | SABRE CORP (SABR) | 3.1% | 5.1% | +2.0 pts | +3.09M sh | +42% |
| Reduced | ZHIHU INC (ZH) | 3.2% | 1.0% | −2.2 pts | −14.72M sh | −60% |
| Reduced | JD.COM INC (JD) | 9.4% | 8.3% | −1.1 pts | −300K sh | −15% |
| Increased | BILIBILI INC (BILI) | 17.5% | 14.8% | −2.7 pts | +711K sh | +7% |
| Reduced | ATRENEW INC (RERE) | 0.9% | 0.0% | −0.9 pts | −4.03M sh | −96% |
| Reduced | TRANSDIGM GROUP INC (TDG) | 4.8% | 5.3% | +0.5 pts | −17,615 sh | −14% |
| Reduced | GENERATION BIO CO (GBIO) | 1.2% | 0.5% | −0.7 pts | −1.6M sh | −62% |
| Reduced | TAL EDUCATION GROUP (TAL) | 1.3% | 1.0% | −0.3 pts | −1.68M sh | −45% |
| New | VIRIDIAN THERAPEUTICS INC (VRDN) | — | 0.7% | +0.7 pts | +373K sh | new |
| Increased | AKERO THERAPEUTICS INC (AKRO) | 1.3% | 6.7% | +5.5 pts | +216K sh | +11% |
| Reduced | HIMAX TECHNOLOGIES INC (HIMX) | 3.4% | 2.3% | −1.1 pts | −1.3M sh | −20% |
| Increased | NOAH HLDGS LTD (NOAH) | 9.7% | 8.4% | −1.3 pts | +28,900 sh | 0% |
| Increased | INVENTIVA SA (IVA) | 1.1% | 1.0% | −0.1 pts | +4,673 sh | 0% |
| Reduced | META DATA LIMITED (AIU) | 0.0% | 0.0% | 0.0 pts | −1 sh | 0% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 79.6% of the equity book
Changes in the top 10 this quarter: AKRO entered · SABR entered · ACMR left · SGH left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | BILIBILI INC (BILI) | 17.5% | 14.8% | |
| 2 | H WORLD GROUP LTD (HTHT) | 8.4% | 9.7% | |
| 3 | NEW ORIENTAL ED & TECHNOLOGY (EDU) | 5.8% | 8.9% | |
| 4 | NOAH HLDGS LTD (NOAH) | 9.7% | 8.4% | |
| 5 | JD.COM INC (JD) | 9.4% | 8.3% | |
| 6 | AKERO THERAPEUTICS INC (AKRO) | 1.3% | 6.7% | Entered the top 10 |
| 7 | HOLLYSYS AUTOMATION TCHNGY L (HOLI) | 4.2% | 6.4% | |
| 8 | IVERIC BIO INC (ISEE) | 3.5% | 6.1% | |
| 9 | TRANSDIGM GROUP INC (TDG) | 4.8% | 5.3% | |
| 10 | SABRE CORP (SABR) | 3.1% | 5.1% | Entered the top 10 |
| — | ACM RESH INC (ACMR) | 6.4% | 0.4% | Left the top 10 |
| — | SMART GLOBAL HLDGS INC (SGH) | 3.5% | 4.4% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | JD.COM INC (JD) | Call | 1.62M | 6.75M | $339M |
| Exited | HUAZHU GROUP LTD (HTHT) | Call | 786K | 0 | $0 |
| Increased | BILIBILI INC (BILI) | Call | 7.85M | 11.59M | $178M |
| New | ACM RESH INC (ACMR) | Call | 0 | 1.4M | $17.4M |
| Increased | TAL EDUCATION GROUP (TAL) | Call | 813K | 4.03M | $19.9M |
| Exited | SABRE CORP (SABR) | Call | 2.46M | 0 | $0 |
| New | AKERO THERAPEUTICS INC (AKRO) | Call | 0 | 75,800 | $2.58M |
| New | NOAH HLDGS LTD (NOAH) | Call | 0 | 28,900 | $382K |