Cederberg Capital Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Cederberg Capital Ltd reported 10 stock positions worth $100.4 million. Its top holding was Acm Research Class A (ACMR) at 32.2% of the portfolio, followed by Netease Inc.-ADR (NTES, 23.7%) and China Yuchai Intl (CYD, 16.3%). Compared with Q1 2026, it opened 1 new position, sold out of 2, added to 1 and reduced 8. The biggest buy was China Yuchai Intl (CYD, shares +7%) and the biggest sale PDD (PDD, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001861244
- Portfolio Value
- $100.4M (Q2 2026)
- SEC Filing
- 0001861244-26-000004 ↗ filed Aug 14, 2026
Holdings Value
Holdings 10 stocks · $100.4M
| ACMR Acm Research Inc. Class A | 32.20% | 254,669 | $32.3M | Reduce -57.5% |
| NTES Netease Inc.-ADR | 23.67% | 185,375 | $23.8M | Reduce -48.5% |
| CYD China Yuchai Intl Ltd. | 16.29% | 344,928 | $16.4M | Add +6.8% |
| SVM Silvercorp Metals Inc. | 11.37% | 1,130,121 | $11.4M | Reduce -49.1% |
| ATAT Atour Lifestyle Holdings-ADR | 9.39% | 296,300 | $9.4M | Reduce -67.1% |
| PDD PDD Holdings Inc. | 2.86% | 37,600 | $2.9M | Reduce -90.2% |
| VIST Vista Energy Sab DE CV | 1.60% | 25,200 | $1.6M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.31% | 98,600 | $1.3M | Reduce -63.0% |
| AU Anglogold Ashanti PLC | 1.06% | 13,200 | $1.1M | Reduce -33.7% |
| SE Sea Ltd.-ADR | 0.24% | 2,500 | $240K | Reduce -83.0% |
Portfolio Sells Q1 2026 → Q2 2026
| PDD PDD Holdings Inc. | Reduce -90.2% | 2.86% | −18.15 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -67.1% | 9.39% | −8.40 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −2.22 |
| PBR.A Petroleo Brasil-SP Pref ADR | Sold out | 0.00% | −1.50 |
| SVM Silvercorp Metals Inc. | Reduce -49.1% | 11.37% | −1.42 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -63.0% | 1.31% | −0.74 |
| SE Sea Ltd.-ADR | Reduce -83.0% | 0.24% | −0.41 |
| AU Anglogold Ashanti PLC | Reduce -33.7% | 1.06% | +0.02 |
| NTES Netease Inc.-ADR | Reduce -48.5% | 23.67% | +2.06 |
| ACMR Acm Research Inc. Class A | Reduce -57.5% | 32.20% | +19.54 |
Portfolio Buys Q1 2026 → Q2 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $100.4M | ACMR, NTES, CYD, SVM, ATAT |
| Q1 2026 | 11 | $186.3M | NTES, PDD, ATAT, SVM, ACMR |
| Q4 2025Amended | 9 | $308.0M | PDD, NTES, EDU, ACMR, FUTU |
| Q3 2025 | 10 | $350.2M | PDD, NTES, EDU, YMM, FUTU |
| Q2 2025 | 8 | $272.3M | NTES, PDD, EDU, FUTU, HTHT |
| Q1 2025 | 8 | $258.9M | NTES, PDD, EDU, FUTU, YMM |
| Q4 2024 | 8 | $294.6M | EDU, NTES, PDD, BEKE, FUTU |
| Q3 2024 | 9 | $386.0M | EDU, PDD, NTES, BEKE, TAL |
| Q2 2024 | 5 | $304.2M | PDD, EDU, NTES, TAL, NU |
| Q1 2024 | 6 | $360.7M | PDD, EDU, NTES, TAL, NU |