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Portfolio (Quarterly) Guide ↗

Perseverance Asset Management International

· CIK 0001802695
13F Portfolio $683M AUM Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 13 New
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 HTHT H WORLD GROUP LTD Consumer Cyclical 5,172,370.0 $243.4M 35.66% NEW $47.05 -2.1%
2 PDD PDD HOLDINGS INC Consumer Cyclical 1,962,092.0 $222.5M 32.60% NEW $113.39 -15.5%
3 GOOG ALPHABET INC Communication Services 300,000.0 $94.1M 13.79% NEW $313.80 +25.3%
4 YUMC YUM CHINA HLDGS INC Consumer Cyclical 713,999.0 $34.1M 4.99% NEW $47.74 -4.7%
5 BEKE KE HLDGS INC Real Estate 1,155,439.0 $18.2M 2.67% NEW $15.76 +12.9%
6 RLX RLX TECHNOLOGY INC Consumer Defensive 7,790,928.0 $18.2M 2.66% NEW $2.33 -7.3%
7 NTES NETEASE INC Technology 110,000.0 $15.1M 2.22% NEW $137.62 -17.6%
8 IQ IQIYI INC Communication Services 6,800,000.0 $13.1M 1.91% NEW $1.92 -39.6%
9 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 28,734.0 $8.7M 1.28% NEW $303.89 +33.1%
10 TLT ISHARES TR 59,100.0 $5.2M 0.76% NEW $87.16 -4.1%
11 BZ KANZHUN LIMITED Industrials 251,642.0 $5.1M 0.75% NEW $20.38 -30.5%
12 API AGORA INC Technology 700,000.0 $2.8M 0.42% NEW $4.07 -4.4%
13 YATSEN HLDG LTD 529,993.0 $2.1M 0.30% NEW $3.89

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 74.0%
Communication Services 15.9%
Technology 4.0%
Real Estate 2.7%
Consumer Defensive 2.7%
Industrials 0.8%