Perseverance Asset Management International — 13F Holdings & Portfolio
CIK 1802695 · latest 13F-HR filed 2026-08-12
Perseverance Asset Management International manages $979.0M in 13F-reported U.S. long-equity assets across 28 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are TSM (22.40%), HTHT (10.72%), PDD (9.88%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 6; 7 existing positions rose in reported value and 6 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 2026-08-12
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
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)
- KANZHUN LIMITED$94.4M +164.5%
- TAIWAN SEMICONDUCTOR MANUFAC$87.2M +57.8%
- MICRON TECHNOLOGY INC$36.7M +1210.2%
- SANDISK CORP$32.9M +945.1%
- TRIP COM GROUP LTD$7.6M +22.6%
Top Trims
- PDD HOLDINGS INC-$55.8M -25.3%
- NVIDIA CORPORATION-$34.6M -68.4%
- H WORLD GROUP LTD-$26.9M -13.8%
- NETEASE COM INC-$13.9M -73.1%
- RLX TECHNOLOGY INC-$2.5M -15.2%
Exited Positions
- FUTU HLDGS LTD$20.5M
- LUMENTUM HLDGS INC$17.6M
- XPENG INC$13.7M
- MOSAIC CO$7.7M
- ADVANCED MICRO DEVICES INC$6.1M
Perseverance Asset Management International Holdings (2026-06-30)
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 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $219.3M | 22.40% | 459,193 | SH |
| 2 | H WORLD GROUP LTD | HTHT | 44332N106 | $104.9M | 10.72% | 2,515,514 | SH |
| 3 | PDD HOLDINGS INC | PDD | 722304102 | $96.7M | 9.88% | 1,268,200 | SH |
| 4 | KANZHUN LIMITED | BZ | 48553T106 | $76.0M | 7.76% | 5,903,456 | SH |
| 5 | KANZHUN LIMITED | BZ | 48553T106 | $75.9M | 7.75% | 5,894,790 | SH |
| 6 | PDD HOLDINGS INC | PDD | 722304102 | $68.3M | 6.98% | 895,279 | SH |
| 7 | H WORLD GROUP LTD | HTHT | 44332N106 | $63.4M | 6.48% | 1,519,807 | SH |
| 8 | MICRON TECHNOLOGY INC | MU | 595112103 | $37.6M | 3.84% | 32,589 | SH |
| 9 | SANDISK CORP | SNDK | 80004C200 | $36.4M | 3.72% | 16,000 | SH |
| 10 | ALPHABET INC | GOOG | 02079K107 | $35.3M | 3.61% | 100,000 | SH |
| 11 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $34.5M | 3.52% | 864,999 | SH |
| 12 | YUM CHINA HLDGS INC | YUMC | 98850P109 | $34.2M | 3.49% | 837,114 | SH |
| 13 | KE HLDGS INC | BEKE | 482497104 | $20.0M | 2.04% | 1,373,050 | SH |
| 14 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $18.8M | 1.92% | 39,307 | SH |
| 15 | NVIDIA CORPORATION | NVDA | 67066G104 | $16.0M | 1.64% | 80,000 | SH |
| 16 | RLX TECHNOLOGY INC | RLX | 74969N103 | $9.3M | 0.95% | 4,870,744 | SH |
| 17 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $6.7M | 0.69% | 169,086 | SH |
| 18 | NETEASE COM INC | NTES | 64110W102 | $5.1M | 0.52% | 40,000 | SH |
| 19 | RLX TECHNOLOGY INC | RLX | 74969N103 | $4.7M | 0.48% | 2,489,993 | SH |
| 20 | KE HLDGS INC | BEKE | 482497104 | $4.1M | 0.41% | 279,619 | SH |
| 21 | IQIYI INC | IQ | 46267X108 | $4.1M | 0.41% | 3,900,000 | SH |
| 22 | MICRON TECHNOLOGY INC | MU | 595112103 | $2.1M | 0.22% | 1,828 | SH |
| 23 | YATSEN HLDG LTD | YSG | 985194208 | $1.7M | 0.17% | 529,993 | SH |
| 24 | VERTIV HOLDINGS CO Put | VRT | 92537N108 | $1.7M | 0.17% | 5,000 | SH |
| 25 | WERIDE INC | WRD | 950915108 | $1.2M | 0.12% | 200,000 | SH |
| 26 | VISA INC | V | 92826C839 | $486.8K | 0.05% | 1,419 | SH |
| 27 | WERIDE INC | WRD | 950915108 | $349.2K | 0.04% | 60,000 | SH |
| 28 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $326.2K | 0.03% | 3,399 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | $979.0M | 28 | 0001802695-26-000003 |
| 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 |
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