Yiheng Capital Management, L.P. — 13F Holdings & Portfolio
CIK 1447228 · latest 13F-HR filed 2026-05-15
Yiheng Capital Management, L.P. manages $230.7M in 13F-reported U.S. long-equity assets across 24 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NOAH (28.83%), EDU (9.24%), JD (7.53%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 6 new positions, exited 3, added to 8, and trimmed 8.
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.
$230.7M
Long-equity book
24
Distinct positions
2026-03-31
Filed 2026-05-15
+6 / −3 / ↑8 / ↓8
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TAL ED GROUP$5.3M +155.9%
- SILVACO GROUP INC$3.3M +74.8%
- NEW ORIENTAL ED & TECHNOLOGY$2.6M +13.8%
- YATSEN HLDG LTD$1.0M +71.5%
- KYMERA THERAPEUTICS INC$402.5K +7.0%
Top Trims
- BILIBILI INC-$11.6M -40.9%
- DBV TECHNOLOGIES S A-$8.7M -71.0%
- PONY AI INC-$3.3M -34.9%
- H WORLD GROUP LTD-$2.5M -13.2%
- VIRIDIAN THERAPEUTICS INC-$2.4M -37.1%
New Positions
- HINGE HEALTH INC$11.4M
- BILL HOLDINGS INC$8.5M
- JOYY INC$5.0M
- TRIP COM GROUP LTD$4.4M
- ZEPP HEALTH CORPORATION$689.9K
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 | $66.5M | 28.83% | 6,717,351 | SH |
| 2 | NEW ORIENTAL ED & TECHNOLOGY | EDU | 647581206 | $21.3M | 9.24% | 376,551 | SH |
| 3 | JD.COM INC | JD | 47215P106 | $17.4M | 7.53% | 587,513 | SH |
| 4 | BILIBILI INC | BILI | 090040106 | $16.7M | 7.24% | 739,915 | SH |
| 5 | H WORLD GROUP LTD | HTHT | 44332N106 | $16.3M | 7.05% | 323,371 | SH |
| 6 | ATRENEW INC | RERE | 00138L108 | $14.8M | 6.43% | 3,163,117 | SH |
| 7 | HINGE HEALTH INC | HNGE | 433313103 | $11.4M | 4.96% | 296,853 | SH |
| 8 | TAL ED GROUP | TAL | 874080104 | $8.6M | 3.74% | 759,240 | SH |
| 9 | BILL HOLDINGS INC | BILL | 090043100 | $8.5M | 3.70% | 222,820 | SH |
| 10 | SILVACO GROUP INC | SVCO | 82728C102 | $7.8M | 3.36% | 1,096,282 | SH |
| 11 | PONY AI INC | PONY | 732908108 | $6.2M | 2.67% | 653,215 | SH |
| 12 | KYMERA THERAPEUTICS INC | KYMR | 501575104 | $6.1M | 2.65% | 73,440 | SH |
| 13 | JOYY INC | JOYY | 46591M109 | $5.0M | 2.17% | 85,583 | SH |
| 14 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $4.4M | 1.90% | 88,112 | SH |
| 15 | FULL TRUCK ALLIANCE CO LTD | YMM | 35969L108 | $4.3M | 1.85% | 513,248 | SH |
| 16 | VIRIDIAN THERAPEUTICS INC | VRDN | 92790C104 | $4.1M | 1.77% | 208,735 | SH |
| 17 | DBV TECHNOLOGIES S A | DBVT | 23306J309 | $3.6M | 1.54% | 170,142 | SH |
| 18 | AGORA INC | API | 00851L103 | $2.6M | 1.11% | 725,795 | SH |
| 19 | YATSEN HLDG LTD | YSG | 985194208 | $2.5M | 1.07% | 797,866 | SH |
| 20 | ZEPP HEALTH CORPORATION | ZEPP | 98945L204 | $689.9K | 0.30% | 57,731 | SH |
| 21 | PASSAGE BIO INC | PASG | 702712209 | $675.9K | 0.29% | 86,097 | SH |
| 22 | CELLEBRITE DI LTD | CLBT | M2197Q107 | $633.9K | 0.27% | 46,000 | SH |
| 23 | BEAM THERAPEUTICS INC | BEAM | 07373V105 | $503.4K | 0.22% | 21,126 | SH |
| 24 | TUNIU CORP | MKTAY | 89977P106 | $242.1K | 0.10% | 314,437 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |