Fund HoldingsYiheng Capital Management, L.P.

Total Portfolio Value
$494.32M
Total Bought
$22.17M
Total Sold
$167.28M
Net Transaction
-$145.11M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
UL SOLUTIONS INC(ULS)(Put)0150,000+150,000011,829+11,829
DBV TECHNOLOGIES S A(DBVT)656,309639,769-16,5406,56312,2642.48%+5,701
PONY AI INC(PONY)200,300653,215+452,9154,5059,4721.92%+4,967
FULL TRUCK ALLIANCE CO LTD(YMM)0411,143+411,14304,4120.89%+4,412
ATRENEW INC(RERE)3,163,1173,163,117014,55016,7653.39%+2,214
H WORLD GROUP LTD(HTHT)457,032398,371-58,66117,87518,7433.79%+869
YATSEN HLDG LTD96,328368,347+272,0198731,4330.29%+560
PASSAGE BIO INC034,301+34,30104050.08%+405
AGORA INC533,547533,54702,0382,1720.44%+133
GENERATION BIO CO105,524105,52406465990.12%-46
TAL EDUCATION GROUP(TAL)309,240309,24003,4633,3740.68%-90
TUNIU CORP314,437314,43702991950.04%-104
BEAM THERAPEUTICS INC(BEAM)69,05821,126-47,9321,6765860.12%-1,090
KYMERA THERAPEUTICS INC(KYMR)122,60573,440-49,1656,9395,7141.16%-1,225
SILVACO GROUP INC1,096,2821,096,28205,9314,4400.90%-1,491
ACM RESH INC(ACMR)280,201174,447-105,75410,9646,8821.39%-4,082
CELLEBRITE DI LTD(CLBT)231,0310-231,0314,2810-4,281
VIRIDIAN THERAPEUTICS INC(VRDN)500,261208,735-291,52610,7966,4961.31%-4,300
VIASAT INC(VSAT)(Put)735,500455,600-279,90021,55015,700-5,850
ULTRAGENYX PHARMACEUTICAL IN(RARE)225,7580-225,7586,7910-6,791
DENALI THERAPEUTICS INC(DNLI)469,9810-469,9816,8240-6,824
JD.COM INC(JD)787,413687,413-100,00027,54419,7293.99%-7,815
NEW ORIENTAL ED & TECHNOLOGY(EDU)521,901340,629-181,27227,69718,7453.79%-8,952
AKERO THERAPEUTICS INC191,0760-191,0769,0720-9,072
NOAH HLDGS LTD6,717,3516,717,351077,85467,44213.64%-10,412
BILIBILI INC(Call)400,0000-400,00011,2360-11,236
BILIBILI INC1,418,5641,148,898-269,66639,84728,2515.72%-11,596
INVENTIVA SA(IVA)2,644,926255,915-2,389,01115,3141,1900.24%-14,124
ASTERA LABS INC(ALAB)(Put)1,427,5001,427,5000279,505237,479-42,026
JD.COM INC(JD)(Call)1,814,6000-1,814,60063,4750-63,475
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