HSG Holding Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), HSG Holding Ltd reported 18 stock positions worth $1.1 billion. Its top holding was Full Truck Alliance -SPN ADR (YMM) at 35.4% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 23.2%) and PDD (PDD, 16.6%). Compared with Q4 2023, it opened 2 new positions, sold out of 3, added to 1 and reduced 3. The biggest buy was Full Truck Alliance -SPN ADR (YMM, shares +69%) and the biggest sale PDD (PDD, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- K3
- CIK
- 0001470766
- Portfolio Value
- $1.1B (Q1 2024)
- SEC Filing
- 0000950123-24-005602 ↗ filed May 15, 2024
Holdings Value
Holdings 18 stocks · $1.1B
| YMM Full Truck Alliance -SPN ADR | 35.36% | 46,832,855 | $382.2M | Add +69.2% |
| BZ Kanzhun Ltd. - ADR | 23.21% | 13,367,284 | $250.9M | No change |
| PDD PDD Holdings Inc. | 16.58% | 1,399,444 | $179.2M | Reduce -12.1% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 6.06% | 1,057,644 | $65.5M | No change |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 5.49% | 4,362,787 | $59.4M | Reduce -10.0% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 3.71% | 3,300,000 | $40.1M | No change |
| GPCR Structure Therapeutics Inc. | 3.56% | 1,064,982 | $38.4M | Reduce -0.0% |
| THCH TH International Ltd./Cayman | 1.68% | 14,503,032 | $18.1M | No change |
| DDL Dingdong Cayman Ltd. -SPN ADR | 1.26% | 11,141,166 | $13.6M | No change |
| AVBP Arrivent Biopharma Inc. | 0.97% | 663,308 | $10.5M | New |
| LYEL Lyell Immunopharma Inc. | 0.69% | 3,045,997 | $7.4M | No change |
| COE 51 Talk Online Education Gro | 0.45% | 667,223 | $4.8M | No change |
| BRNS Barinthus Biotherapeutics PL | 0.34% | 1,420,473 | $3.6M | No change |
| ADAG Adagene Inc.-ADR | 0.33% | 1,343,364 | $3.6M | No change |
| BTDR Bitdeer Technologies Group-A | 0.18% | 293,732 | $2.0M | No change |
| SOLAI LIMITED filed as BIT MINING LIMITED | 0.11% | 350,427 | $1.2M | No change |
| CERO THERAPEUTICS HLDGS INC | 0.02% | 149,999 | $202K | New |
| BNR Burning Rock Biotech Ltd.-ADR | 0.02% | 212,121 | $182K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| PDD PDD Holdings Inc. | Reduce -12.1% | 16.58% | −9.07 |
| BEKE Ke Holdings Inc.-ADR | Reduce -10.0% | 5.49% | −2.27 |
| ROIV Roivant Sciences Ltd. | Sold out | 0.00% | −1.62 |
| GPCR Structure Therapeutics Inc. | Reduce -0.0% | 3.56% | −1.52 |
| TOUR Tuniu Corp.-Spon ADR | Sold out | 0.00% | −0.34 |
| AIJTY Jianpu Technology Inc.-SP ADR | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| YMM Full Truck Alliance -SPN ADR | Add +69.2% | 35.36% | +14.06 |
| AVBP Arrivent Biopharma Inc. | New | 0.97% | +0.97 |
| CERO THERAPEUTICS HLDGS INC | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $1.2B | PDD, FUTU, PONY, CRCL, BEKE |
| Q1 2026 | 20 | $1.6B | PDD, BEKE, PONY, FUTU, BULL |
| Q4 2025 | 19 | $1.9B | PDD, BZ, FUTU, PONY AI INC, BEKE |
| Q3 2025 | 19 | $1.9B | PDD, FUTU, BULL, BZ, COE |
| Q2 2025 | 19 | $1.9B | PDD, FUTU, BULL, PONY, BEKE |
| Q1 2025 | 17 | $1.7B | PDD, BEKE, FUTU, DDL, BZ |
| Q4 2024 | 18 | $2.4B | PDD, BZ, FUTU, THCH, DDL |
| Q3 2024 | 18 | $2.6B | PDD, YMM, BZ, FUTU, BEKE |
| Q2 2024 | 17 | $2.7B | PDD, BZ, YMM, FUTU, BEKE |
| Q1 2024 | 18 | $1.1B | YMM, BZ, PDD, FUTU, BEKE |