Polunin Capital Partners Ltd — 13F Holdings & Portfolio
CIK 1629869 · latest 13F-HR filed 2026-10-20
Polunin Capital Partners Ltd manages $496.8M in 13F-reported U.S. long-equity assets across 24 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are STNE (13.31%), PAGS (13.19%), ACMR (10.42%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 5 new positions and exited 0; 4 existing positions rose in reported value and 11 fell.
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.
Long-equity book
Distinct positions
Filed 2026-10-20
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 83.7%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 30, 2026.
LONDON SW3 4RB
United Kingdom
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| POLUNIN CAPITAL PARTNERS PTE. LTD. Control | SHAREHOLDER since Sep 2011 | 75% or more | Foreign Entity |
| POLUNIN, DOUGLAS, HAROLD HART Control | DIRECTOR, CEO, CIO since Aug 2001 | Less than 5% | Individual |
| GAREL-JONES, JULIAN | DIRECTOR, FINANCE since Aug 2001 | Less than 5% | Individual |
| MEHTA, ADITYA, SINGH | DIRECTOR, CHIEF OPERATIONS OFFICER since Aug 2001 | Less than 5% | Individual |
| PARSONS, PAUL, GERHARDT FREDERIC | DIRECTOR RISK & COMPLIANCE, CHIEF COMPLIANCE OFFICER since Apr 2011 | Less than 5% | Individual |
| SILVER, ALEXANDRA, CLAIRE | DIRECTOR, DEPUTY CHIEF FINANCIAL OFFICER since Mar 2022 | Less than 5% | Individual |
| POLUNIN, DOUGLAS, HAROLD HART Control Indirect owner via POLUNIN CAPITAL PARTNERS PTE. LTD. | SHAREHOLDER since Jan 2011 | 25–50% | Individual |
Ownership & leadership changes · 2 filings with changes since Mar 28, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- AddedSILVER, ALEXANDRA, CLAIRE · DIRECTOR, DEPUTY CHIEF FINANCIAL OFFICER · Less than 5%
- AddedGAREL-JONES, JULIAN · DIRECTOR, FINANCE · Less than 5%
- AddedMEHTA, ADITYA, SINGH · DIRECTOR, CHIEF OPERATIONS OFFICER · Less than 5%
- AddedPOLUNIN, DOUGLAS, HAROLD HART · DIRECTOR, CEO, CIO · Less than 5% · control person
- ListedPARSONS, PAUL, GERHARDT FREDERIC · DIRECTOR RISK & COMPLIANCE, CHIEF COMPLIANCE OFFICER · Less than 5%
- ListedPOLUNIN CAPITAL PARTNERS PTE. LTD. · SHAREHOLDER · 75% or more · control person
- ListedPOLUNIN, DOUGLAS, HAROLD HART · SHAREHOLDER · 25–50% · indirect via POLUNIN CAPITAL PARTNERS PTE. LTD. · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- STONECO LTD$26.8M +68.1%
- PAGSEGURO DIGITAL LTD$20.0M +44.0%
- GALIANO GOLD INC$421.0K +12.3%
- BAOZUN INC$335.0K +195.9%
Top Trims
- ACM RESH INC-$25.3M -32.8%
- BAIDU INC-$10.0M -30.1%
- CANADIAN SOLAR INC-$8.9M -27.9%
- WEIBO CORP-$4.1M -18.1%
- JD.COM INC-$3.7M -6.7%
New Positions
- EPAM SYS INC$47.6M
- B2GOLD CORP$36.9M
- DXC TECHNOLOGY CO$8.5M
- GLOBANT S A$8.4M
- YUANBAO INC$221.0K
Polunin Capital Partners Ltd Holdings (2026-09-30)
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 | STONECO LTD | STNE | G85158106 | $66.1M | 13.31% | 5,699,028 | SH |
| 2 | PAGSEGURO DIGITAL LTD | PAGS | G68707101 | $65.5M | 13.19% | 6,134,563 | SH |
| 3 | ACM RESH INC | ACMR | 00108J109 | $51.8M | 10.42% | 731,398 | SH |
| 4 | JD.COM INC | JD | 47215P106 | $51.8M | 10.42% | 1,923,936 | SH |
| 5 | EPAM SYS INC | EPAM | 29414B104 | $47.6M | 9.58% | 417,874 | SH |
| 6 | B2GOLD CORP | BTG | 11777Q209 | $36.9M | 7.43% | 7,207,801 | SH |
| 7 | FULL TRUCK ALLIANCE CO LTD | YMM | 35969L108 | $25.3M | 5.09% | 3,035,033 | SH |
| 8 | AUTOHOME INC | ATHM | 05278C107 | $24.7M | 4.98% | 1,214,549 | SH |
| 9 | BAIDU INC | BIDU | 056752108 | $23.3M | 4.69% | 277,640 | SH |
| 10 | CANADIAN SOLAR INC | CSIQ | 136635109 | $23.0M | 4.62% | 2,085,914 | SH |
| 11 | WEIBO CORP | WB | 948596101 | $18.5M | 3.72% | 2,871,238 | SH |
| 12 | DAQO NEW ENERGY CORP | DQ | 23703Q203 | $18.1M | 3.64% | 1,685,023 | SH |
| 13 | HIMAX TECHNOLOGIES INC | HIMX | 43289P106 | $9.2M | 1.86% | 696,950 | SH |
| 14 | DXC TECHNOLOGY CO | DXC | 23355L106 | $8.5M | 1.71% | 688,329 | SH |
| 15 | GLOBANT S A | GLOB | L44385109 | $8.4M | 1.70% | 227,446 | SH |
| 16 | TUYA INC | TUYA | 90114C107 | $5.0M | 1.01% | 2,958,145 | SH |
| 17 | HELLO GROUP INC | MOMO | 423403104 | $3.9M | 0.79% | 835,119 | SH |
| 18 | GALIANO GOLD INC | GAU | 36352H100 | $3.9M | 0.78% | 1,834,017 | SH |
| 19 | ABRDN PLATINUM ETF TRUST | PPLT | 003260106 | $3.6M | 0.73% | 243,370 | SH |
| 20 | DBX ETF TR | ASHR | 233051879 | $745.0K | 0.15% | 23,183 | SH |
| 21 | BAOZUN INC | BZUN | 06684L103 | $506.0K | 0.10% | 155,642 | SH |
| 22 | YUANBAO INC | YB | 987910106 | $221.0K | 0.04% | 18,047 | SH |
| 23 | MAGNACHIP SEMICONDUCTOR CORP | MX | 55933J203 | $189.0K | 0.04% | 59,811 | SH |
| 24 | CANAAN INC | CAN | 134748102 | $22.0K | 0.00% | 74,382 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-20 | $496.8M | 24 | 0001629869-26-000006 |
| 2026-06-30 | 2026-07-15 | $407.4M | 19 | 0001629869-26-000004 |
| 2026-03-31 | 2026-04-15 | $385.4M | 16 | 0001629869-26-000003 |
| 2025-12-31 | 2026-01-20 | $649.1M | 24 | 0001629869-26-000001 |
LONDON, X0 SW3 4RB