Yiheng Capital Management, L.P. — 13F Holdings & Portfolio
CIK 1447228 · latest 13F-HR filed 2026-08-14
Yiheng Capital Management, L.P. manages $291.3M in 13F-reported U.S. long-equity assets across 32 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NOAH (23.04%), BILI (8.71%), EDU (8.45%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions, exited 2, added to 10, and trimmed 10.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 2880
San Francisco, CA 94111
$291.3M
Long-equity book
32
Distinct positions
2026-06-30
Filed 2026-08-14
+3 / −2 / ↑10 / ↓10
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- BILIBILI INC$8.7M +52.0%
- SILVACO GROUP INC$4.7M +61.0%
- VIRIDIAN THERAPEUTICS INC$3.3M +80.2%
- HINGE HEALTH INC$1.5M +13.3%
- KYMERA THERAPEUTICS INC$1.2M +18.9%
Top Trims
- NEW ORIENTAL ED & TECHNOLOGY-$13.8M -64.8%
- H WORLD GROUP LTD-$2.8M -17.0%
- ATRENEW INC-$2.6M -17.5%
- JD.COM INC-$2.3M -13.4%
- PONY AI INC-$1.6M -26.4%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NOAH HLDGS LTD | NOAH | 65487X102 | $67.1M | 23.04% | 6,717,351 | SH |
| 2 | BILIBILI INC | BILI | 090040106 | $25.4M | 8.71% | 1,489,815 | SH |
| 3 | NEW ORIENTAL ED & TECHNOLOGY Call | EDU | 647581206 | $24.6M | 8.45% | 536,351 | SH |
| 4 | JD.COM INC | JD | 47215P106 | $15.0M | 5.17% | 590,513 | SH |
| 5 | H WORLD GROUP LTD | HTHT | 44332N106 | $13.5M | 4.63% | 323,371 | SH |
| 6 | HINGE HEALTH INC | HNGE | 433313103 | $13.0M | 4.45% | 156,190 | SH |
| 7 | SILVACO GROUP INC | SVCO | 82728C102 | $12.5M | 4.29% | 906,381 | SH |
| 8 | ATRENEW INC | RERE | 00138L108 | $12.2M | 4.20% | 3,163,117 | SH |
| 9 | BILL HOLDINGS INC | BILL | 090043100 | $8.1M | 2.77% | 222,820 | SH |
| 10 | JD.COM INC Call | JD | 47215P106 | $7.6M | 2.62% | 3,000 | SH |
| 11 | NEW ORIENTAL ED & TECHNOLOGY | EDU | 647581206 | $7.5M | 2.58% | 1,636 | SH |
| 12 | VIRIDIAN THERAPEUTICS INC | VRDN | 92790C104 | $7.4M | 2.53% | 400,464 | SH |
| 13 | KYMERA THERAPEUTICS INC | KYMR | 501575104 | $7.3M | 2.50% | 63,440 | SH |
| 14 | TAL ED GROUP | TAL | 874080104 | $7.3M | 2.49% | 759,240 | SH |
| 15 | JD.COM INC Call | JD | 47215P106 | $6.4M | 2.19% | 2,500 | SH |
| 16 | JD.COM INC Call | JD | 47215P106 | $6.4M | 2.19% | 2,500 | SH |
| 17 | JOYY INC | JOYY | 46591M109 | $5.6M | 1.94% | 85,583 | SH |
| 18 | BILIBILI INC Call | BILI | 090040106 | $5.3M | 1.83% | 3,136 | SH |
| 19 | BILIBILI INC Call | BILI | 090040106 | $5.3M | 1.81% | 3,094 | SH |
| 20 | POWER SOLUTIONS INTL INC | PSIX | 73933G202 | $5.2M | 1.78% | 133,500 | SH |
| 21 | PONY AI INC | PONY | 732908108 | $4.5M | 1.56% | 653,215 | SH |
| 22 | BIOAGE LABS INC | BIOA | 09077V100 | $4.2M | 1.43% | 170,532 | SH |
| 23 | FULL TRUCK ALLIANCE CO LTD | YMM | 35969L108 | $4.2M | 1.43% | 513,248 | SH |
| 24 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $3.5M | 1.21% | 88,112 | SH |
| 25 | YATSEN HLDG LTD | YSG | 985194208 | $3.0M | 1.03% | 946,193 | SH |
| 26 | AGORA INC | API | 00851L103 | $2.9M | 0.99% | 725,795 | SH |
| 27 | DBV TECHNOLOGIES S A | DBVT | 23306J309 | $2.8M | 0.96% | 170,142 | SH |
| 28 | ZEPP HEALTH CORPORATION | ZEPP | 98945L204 | $1.1M | 0.39% | 220,501 | SH |
| 29 | JD.COM INC Call | JD | 47215P106 | $1.1M | 0.39% | 443 | SH |
| 30 | BEAM THERAPEUTICS INC | BEAM | 07373V105 | $725.0K | 0.25% | 21,126 | SH |
| 31 | PASSAGE BIO INC | PASG | 702712209 | $420.2K | 0.14% | 86,097 | SH |
| 32 | TUNIU CORP | TOUR | 89977P205 | $151.9K | 0.05% | 31,443 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $291.3M | 32 | 0001420506-26-001804 |
| 2026-03-31 | 2026-05-15 | $230.7M | 24 | 0001420506-26-001131 |
| 2025-12-31 | 2026-02-17 | $494.3M | 24 | 0001420506-26-000563 |
| 2025-09-30 | 2025-11-14 | $678.1M | 27 | 0001420506-25-003340 |