Perseverance Asset Management International — 13F Holdings & Portfolio
CIK 1802695 · latest 13F-HR filed 2026-05-14
Perseverance Asset Management International manages $909.0M in 13F-reported U.S. long-equity assets across 33 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are TSM (16.15%), HTHT (13.72%), PDD (12.31%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 10 new positions, exited 2, added to 4, and trimmed 5.
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.
$909.0M
Long-equity book
33
Distinct positions
2026-03-31
Filed 2026-05-14
+10 / −2 / ↑4 / ↓5
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TAIWAN SEMICONDUCTOR MANUFAC$142.2M +1628.1%
- KANZHUN LIMITED$52.3M +1019.4%
- NETEASE COM INC$3.9M +25.7%
- KE HLDGS INC$2.6M +14.4%
Top Trims
- ALPHABET INC-$65.5M -69.5%
- H WORLD GROUP LTD-$48.1M -19.8%
- IQIYI INC-$6.6M -50.4%
- RLX TECHNOLOGY INC-$1.7M -9.2%
- YATSEN HLDG LTD-$429.3K -20.8%
New Positions
- NVIDIA CORPORATION$50.6M
- TRIP COM GROUP LTD$33.6M
- FUTU HLDGS LTD$20.5M
- LUMENTUM HLDGS INC$17.6M
- XPENG INC$13.7M
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 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $146.8M | 16.15% | 434,385 | SH |
| 2 | H WORLD GROUP LTD | HTHT | 44332N106 | $124.7M | 13.72% | 2,480,514 | SH |
| 3 | PDD HOLDINGS INC | PDD | 722304102 | $111.9M | 12.31% | 1,094,770 | SH |
| 4 | PDD HOLDINGS INC | PDD | 722304102 | $109.0M | 11.99% | 1,066,906 | SH |
| 5 | H WORLD GROUP LTD | HTHT | 44332N106 | $70.5M | 7.75% | 1,401,522 | SH |
| 6 | NVIDIA CORPORATION | NVDA | 67066G104 | $50.6M | 5.56% | 290,000 | SH |
| 7 | KANZHUN LIMITED | BZ | 48553T106 | $48.2M | 5.30% | 3,599,481 | SH |
| 8 | YUM CHINA HLDGS INC | YUMC | 98850P109 | $34.8M | 3.83% | 713,999 | SH |
| 9 | ALPHABET INC | GOOG | 02079K107 | $28.7M | 3.16% | 100,000 | SH |
| 10 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $27.9M | 3.07% | 559,999 | SH |
| 11 | KE HLDGS INC | BEKE | 482497104 | $19.0M | 2.09% | 1,268,050 | SH |
| 12 | FUTU HLDGS LTD | FUTU | 36118L106 | $17.8M | 1.96% | 130,000 | SH |
| 13 | LUMENTUM HLDGS INC | LITE | 55024U109 | $17.6M | 1.93% | 25,000 | SH |
| 14 | NETEASE COM INC | NTES | 64110W102 | $16.8M | 1.85% | 150,000 | SH |
| 15 | RLX TECHNOLOGY INC | RLX | 74969N103 | $10.8M | 1.19% | 4,900,378 | SH |
| 16 | XPENG INC | XPEV | 98422D105 | $9.6M | 1.05% | 560,000 | SH |
| 17 | KANZHUN LIMITED | BZ | 48553T106 | $9.2M | 1.01% | 688,084 | SH |
| 18 | MOSAIC CO | MOS | 61945C103 | $7.7M | 0.84% | 300,000 | SH |
| 19 | IQIYI INC | IQ | 46267X108 | $6.5M | 0.71% | 4,800,000 | SH |
| 20 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $6.1M | 0.67% | 30,000 | SH |
| 21 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $5.7M | 0.63% | 115,000 | SH |
| 22 | RLX TECHNOLOGY INC | RLX | 74969N103 | $5.7M | 0.63% | 2,595,484 | SH |
| 23 | XPENG INC | XPEV | 98422D105 | $4.1M | 0.45% | 240,000 | SH |
| 24 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $4.1M | 0.45% | 12,120 | SH |
| 25 | FUTU HLDGS LTD | FUTU | 36118L106 | $2.7M | 0.30% | 20,000 | SH |
| 26 | NETEASE COM INC | NTES | 64110W102 | $2.2M | 0.25% | 20,000 | SH |
| 27 | SANDISK CORP | SNDK | 80004C200 | $2.2M | 0.24% | 3,442 | SH |
| 28 | KE HLDGS INC | BEKE | 482497104 | $1.8M | 0.20% | 123,389 | SH |
| 29 | MICRON TECHNOLOGY INC | MU | 595112103 | $1.7M | 0.19% | 5,176 | SH |
| 30 | YATSEN HLDG LTD | YSG | 985194208 | $1.6M | 0.18% | 529,993 | SH |
| 31 | SANDISK CORP | SNDK | 80004C200 | $1.3M | 0.14% | 2,037 | SH |
| 32 | MICRON TECHNOLOGY INC | MU | 595112103 | $1.3M | 0.14% | 3,799 | SH |
| 33 | NIO INC | NIO | 62914V106 | $434.7K | 0.05% | 72,094 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $909.0M | 33 | 0001802695-26-000002 |
| 2025-12-31 | 2026-02-12 | $682.5M | 19 | 0001802695-26-000001 |
| 2025-09-30 | 2025-11-14 | $582.0M | 23 | 0001802695-25-000012 |