HSG Holding Ltd — 13F Holdings & Portfolio
CIK 1470766 · latest 13F-HR filed 2026-08-13
HSG Holding Ltd manages $1.20B in 13F-reported U.S. long-equity assets across 26 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PDD (66.10%), PDD (6.21%), FUTU (4.91%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 2, added to 8, and trimmed 9.
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.
88 QUEENSWAY
NA, K3 NA
$1.20B
Long-equity book
26
Distinct positions
2026-06-30
Filed 2026-08-13
+2 / −2 / ↑8 / ↓9
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ARRIVENT BIOPHARMA INC$9.1M +64.8%
- STRUCTURE THERAPEUTICS INC$8.1M +130.1%
- FUTU HLDGS LTD$4.0M +6.2%
- ADAGENE INC$3.6M +178.1%
- LYELL IMMUNOPHARMA INC$2.1M +2827.1%
Top Trims
- PDD HOLDINGS INC-$274.1M -24.0%
- KE HLDGS INC-$79.4M -73.8%
- PONY AI INC-$47.7M -47.7%
- DINGDONG CAYMAN LTD-$6.9M -26.1%
- CIRCLE INTERNET GROUP INC-$6.7M -13.9%
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 | PDD HOLDINGS INC | PDD | 722304102 | $791.3M | 66.10% | 10,373,817 | SH |
| 2 | PDD HOLDINGS INC | PDD | 722304102 | $74.3M | 6.21% | 974,609 | SH |
| 3 | FUTU HLDGS LTD | FUTU | 36118L106 | $58.7M | 4.91% | 626,420 | SH |
| 4 | PONY AI INC | PONY | 732908108 | $44.1M | 3.68% | 6,341,397 | SH |
| 5 | CIRCLE INTERNET GROUP INC | CRCL | 172573107 | $41.9M | 3.50% | 669,200 | SH |
| 6 | GYRE THERAPEUTICS INC | GYRE | 403783103 | $24.7M | 2.06% | 3,750,299 | SH |
| 7 | KANZHUN LIMITED | BZ | 48553T106 | $24.5M | 2.04% | 1,900,000 | SH |
| 8 | ARRIVENT BIOPHARMA INC | AVBP | 04272N102 | $23.0M | 1.92% | 663,308 | SH |
| 9 | DINGDONG CAYMAN LTD | DDL | 25445D101 | $19.5M | 1.63% | 10,091,839 | SH |
| 10 | KE HLDGS INC | BEKE | 482497104 | $17.4M | 1.46% | 1,200,000 | SH |
| 11 | STRUCTURE THERAPEUTICS INC | GPCR | 86366E106 | $13.7M | 1.14% | 254,750 | SH |
| 12 | KE HLDGS INC | BEKE | 482497104 | $10.7M | 0.90% | 739,017 | SH |
| 13 | FUTU HLDGS LTD | FUTU | 36118L106 | $10.7M | 0.89% | 113,932 | SH |
| 14 | PONY AI INC | PONY | 732908108 | $8.3M | 0.69% | 1,196,961 | SH |
| 15 | 51TALK ONLINE EDUCATION GROU | COE | 16954L204 | $7.6M | 0.63% | 474,901 | SH |
| 16 | LOTUS TECHNOLOGY INC | LOT | 54572F101 | $5.7M | 0.47% | 4,834,099 | SH |
| 17 | ADAGENE INC | ADAG | 005329107 | $5.6M | 0.47% | 1,343,364 | SH |
| 18 | TH INTERNATIONAL LIMITED | THCH | G8656L130 | $5.5M | 0.46% | 2,900,606 | SH |
| 19 | BITDEER TECHNOLOGIES GROUP | BTDR | G11448100 | $2.5M | 0.21% | 155,564 | SH |
| 20 | BITDEER TECHNOLOGIES GROUP | BTDR | G11448100 | $2.2M | 0.18% | 138,168 | SH |
| 21 | LYELL IMMUNOPHARMA INC | LYEL | 55083R203 | $2.1M | 0.18% | 152,299 | SH |
| 22 | SOLAI LIMITED | SLAIY | 055474209 | $1.1M | 0.09% | 350,427 | SH |
| 23 | BARINTHUS BIOTHERAPEUTICS PL | BRNS | 91864C107 | $937.5K | 0.08% | 1,420,473 | SH |
| 24 | STRUCTURE THERAPEUTICS INC | GPCR | 86366E106 | $607.1K | 0.05% | 11,312 | SH |
| 25 | BURNING ROCK BIOTECH LTD | BNR | 12233L206 | $177.5K | 0.01% | 21,212 | SH |
| 26 | YIMUTIAN INC | YMT | 985915206 | $121.6K | 0.01% | 229,470 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $1.20B | 26 | 0001193125-26-348168 |
| 2026-03-31 | 2026-05-15 | $1.62B | 26 | 0001193125-26-226714 |
| 2025-12-31 | 2026-02-13 | $1.89B | 25 | 0001193125-26-051708 |
| 2025-09-30 | 2025-11-14 | $1.92B | 26 | 0001193125-25-282908 |