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13F holdings · Q2 2026

Yiheng Capital Management

San Francisco, CA · files as Yiheng Capital Management, L.P.
Holdings as of Jun 30, 2026Filed Aug 14, 2026Next filing due Nov 16, 2026CIK 1447228

Yiheng Capital Management reported 25 stocks worth $235M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are NOAH (28.6%), BILI (10.8%) and JD (6.4%). Compared with Q1 2026, the fund opened new positions in PSIX, BIOA and TOUR, added to BILI, JD and VRDN, trimmed HNGE, SVCO and EDU and sold out of CLBT and TOUR.

Reported value$235M+1.7% vs last quarter · $291M including options
Stocks held253 new · 2 sold out
Top 5 weight57.1%fairly concentrated
Turnover752%of the portfolio changed
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Holdings

#StockValueWeightSharesChangeShares, 8 qtrsHeld
1
NOAH
Noah Hldgs Ltd
$67.1M28.6%6.7MNo change8 of 8
2
BILI
Bilibili Inc
$25.4M10.8%1.5M+750K (+101%)8 of 8
3
JD
Jd.com Inc
$15M6.4%591K+3,000 (+1%)8 of 8
4
HTHT
H World Group Ltd
$13.5M5.8%323KNo change8 of 8
5
HNGE
Hinge Health Inc
$13M5.5%156K−141K (−47%)2 of 8
6
SVCO
Silvaco Group Inc
$12.5M5.3%906K−190K (−17%)6 of 8
7
RERE
Atrenew Inc
$12.2M5.2%3.2MNo change8 of 8
8
BILL
Bill Holdings Inc
$8.1M3.4%223KNo change2 of 8
9
EDU
NEW ORIENTAL ED &amp TECHNOLOGY
$7.5M3.2%1,636−375K (−100%)8 of 8
10
VRDN
Viridian Therapeutics Inc
$7.4M3.1%400K+192K (+92%)8 of 8
🔒 15 more holdings in this filing. Create a free account or sign in to see them all.

Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.

Sold out

held in Q1 2026, gone in Q2 2026
StockValue last quarterShares sold
CLBT
Cellebrite DI Ltd
$634K46K
TOUR
Tuniu Corp S
$242K314K

Options

valued at the underlying shares
StockTypeValueSharesChange
EDU
NEW ORIENTAL ED &amp TECHNOLOGY
Call$24.6M536K+536,351
JD
Jd.com Inc
Call$21.5M8,443+8,443
BILI
Bilibili Inc
Call$10.6M6,230+6,230

Reported value

last 8 quarters
$542MQ3 '24
$452MQ4 '24
$284MQ1 '25
$276MQ2 '25
$302MQ3 '25
$229MQ4 '25
$231MQ1 '26
$235MQ2 '26

The value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.

Filings for Q2 2026

straight from the SEC
FiledFormQuarter
Aug 14, 202613F-HRQ2 2026SEC filing ↗

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Yiheng Capital Management 13F FAQ

What does Yiheng Capital Management own?

Yiheng Capital Management reported 25 stocks worth $235M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are NOAH (28.6%), BILI (10.8%) and JD (6.4%). The table above lists every position in the filing (the top 10 without an account).

What did Yiheng Capital Management buy and sell in Q2 2026?

Compared with Q1 2026: 3 new positions, 5 added to, 4 trimmed and 2 sold out. New positions include PSIX, BIOA and TOUR. It sold all of CLBT and TOUR.

When will Yiheng Capital Management file its next 13F?

Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.

How much is Yiheng Capital Management's portfolio worth?

The Q2 2026 filing reports $235M in US stocks ($291M including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.

For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.