Perseverance Asset Management International
CIK 1802695 · View on SEC EDGAR ↗
- Portfolio value
- $693.1M
- Positions
- 19
- As of
- June 30, 2026
Portfolio value QoQ: +8.8% 13F does not disclose cash
- Top 10 holdings weight
- 94.26%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 12
- Effective number of positions
- 6.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 17.47% Est. buys $142,219,600 · sells $116,223,632
Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 48.7% still held
- New positions
- 4
- Increased
- 9
- Decreased
- 4
- Closed
- 6
Put-notional exposure: 0.2% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +24.8% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.8% · Options excluded: 0.0%
Sector breakdown
Full portfolio 19 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $219,296,801 | 31.64% | 459,193 | $72,496,390 | Up ×3 | ||
| PDD PDD Holdings Inc. - American Depositary Shares | $96,738,296 | 13.96% | 1,268,200 | $-15,125,303 | Up ×5 | ||
| BZ KANZHUN LIMITED - American Depository Shares | $75,977,479 | 10.96% | 5,903,456 | $27,780,428 | Up ×2 | ||
| HTHT H World Group Limited - American Depositary Shares | $63,406,348 | 9.15% | 1,519,807 | $-7,076,193 | Up ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $37,617,157 | 5.43% | 32,589 | $35,868,497 | Up ×1 | ||
| SNDK Sandisk Corporation - Common Stock | $36,379,680 | 5.25% | 16,000 | $34,192,840 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $35,333,000 | 5.10% | 100,000 | $6,647,000 | |||
| TCOM Trip.com Group Limited - American Depositary Shares | $34,461,560 | 4.97% | 864,999 | $6,579,210 | Up ×1 | ||
| YUMC Yum China Holdings, Inc. Common Stock | $34,212,849 | 4.94% | 837,114 | $-616,022 | Up ×1 | ||
| BEKE KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares) | $19,950,417 | 2.88% | 1,373,050 | $967,708 | Up ×3 | ||
| NVDA NVIDIA Corporation - Common Stock | $16,007,200 | 2.31% | 80,000 | $-34,568,800 | Down ×1 | ||
| RLX RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share | $9,254,414 | 1.34% | 4,870,744 | $-1,526,418 | Down ×1 | ||
| NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares | $5,125,600 | 0.74% | 40,000 | $-11,665,400 | Down ×1 | ||
| IQ iQIYI, Inc. - American Depositary Shares | $4,056,000 | 0.59% | 3,900,000 | $-2,424,000 | Down ×2 | ||
| YSG Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares | $1,680,078 | 0.24% | 529,993 | $47,700 | |||
| VRT Vertiv Holdings, LLC Class A Common Stock | $1,674,100 | 0.24% | 5,000 | Put option | Up ×1 | ||
| WRD WeRide Inc. - American Depositary Shares | $1,164,000 | 0.17% | 200,000 | Up ×1 | |||
| V Visa Inc. | $486,845 | 0.07% | 1,419 | ||||
| BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share | $326,236 | 0.05% | 3,399 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| TSM | Bought more | +25K | +$72.5M |
| NVDA | Trimmed | -210K | -$34.6M |
| BZ | Bought more | +2.3M | +$27.8M |
| PDD | Bought more | +173K | -$15.1M |
| NTES | Trimmed | -110K | -$11.7M |
| HTHT | Bought more | +118K | -$7.1M |
| GOOG | Price move only | +0 | +$6.6M |
| TCOM | Bought more | +305K | +$6.6M |
| IQ | Trimmed | -900K | -$2.4M |
| RLX | Trimmed | -30K | -$1.5M |
2 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| TME | June 30, 2025 | 1,630,011 | $23,488,459 | -54.4% |
| ZTO | June 30, 2025 | 903,947 | $17,934,308 | 21.5% |
| FUTU | June 30, 2026 | 130,000 | $17,778,800 | 24.8% |
| LITE | June 30, 2026 | 25,000 | $17,569,000 | 7.3% |
| V | June 30, 2025 | 45,000 | $15,770,700 | 3.6% |
| TCOM | June 30, 2025 | 238,986 | $15,194,730 | -21.5% |
| TSM | June 30, 2025 | 82,000 | $13,612,000 | 85.5% |
| BEKE | June 30, 2025 | 617,291 | $12,401,376 | -3.2% |
| LI | June 30, 2025 | 389,793 | $9,822,784 | -51.8% |
| XPEV | June 30, 2026 | 560,000 | $9,581,600 | -8.7% |
| NTES | June 30, 2025 | 88,583 | $9,116,962 | -5.1% |
| META | June 30, 2025 | 15,000 | $8,645,400 | -25.6% |
| MOS | June 30, 2026 | 300,000 | $7,650,000 | 12.0% |
| AMD | June 30, 2026 | 30,000 | $6,102,900 | -19.0% |
| TLT | March 31, 2026 | 59,100 | $5,151,156 | |
| MSFT | June 30, 2025 | 10,000 | $3,753,900 | -3.1% |
| TAL | June 30, 2025 | 238,299 | $3,147,930 | 9.5% |
| GOOS | Dec. 31, 2025 | 220,000 | $3,033,800 | -33.2% |
| API | March 31, 2026 | 700,000 | $2,849,000 | 20.6% |
| EDU | June 30, 2025 | 58,776 | $2,810,081 | 3.3% |
| GOOS | June 30, 2025 | 200,000 | $1,590,000 | -22.7% |
| ATAT | March 31, 2025 | 53,550 | $1,439,960 | 21.3% |
| RERE | Dec. 31, 2025 | 97,850 | $450,110 | -22.5% |
| NIO | June 30, 2026 | 72,094 | $434,727 | -9.6% |
| AS | Dec. 31, 2025 | 4,286 | $148,939 | -13.1% |
| SMMT | Dec. 31, 2025 | 5,604 | $115,779 | -25.1% |