Yunqi Capital Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Yunqi Capital Ltd reported 5 stock positions worth $159.3 million. Its top holding was Qfin Holdings Inc.-ADR (QFIN) at 31.1% of the portfolio, followed by Full Truck Alliance -SPN ADR (YMM, 22.1%) and Joyy Inc.-ADR (JOYY, 19.2%). Compared with Q2 2024, it sold out of 3, added to 1 and reduced 1. The biggest buy was Full Truck Alliance -SPN ADR (YMM, shares +16%) and the biggest sale an exit from Tencent Music Entertainm-ADR (TME).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001912273
Portfolio Value
$159.3M (Q3 2024)
SEC Filing
0001912273-24-000005 ↗ filed Nov 12, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $144.6M Q1 2024 Q2 2024: $158.1M Q2 2024 Q3 2024: $159.3M $159.3M Q3 2024 Q4 2024: $156.5M Q4 2024 Q1 2025: $101.6M Q1 2025 Q2 2025: $140.1M Q2 2025 Q3 2025: $170.9M Q3 2025 Q4 2025: $125.4M Q4 2025 Q1 2026: $92.4M Q1 2026 Q2 2026: $124.9M Q2 2026

Holdings 5 stocks · $159.3M
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 31.05% 1,659,630 $49.5M Reduce -31.4%
YMM Full Truck Alliance -SPN ADR 22.14% 3,915,300 $35.3M Add +16.3%
JOYY Joyy Inc.-ADR 19.24% 845,702 $30.6M No change
LU Lufax Holding Ltd.-ADR 15.55% 7,098,040 $24.8M No change
STAA Staar Surgical Co. 12.02% 515,300 $19.1M No change

Options reported separately and not counted above: PDD calls ($16.2M).

Portfolio Sells Q2 2024 → Q3 2024
TME Tencent Music Entertainm-ADR Sold out 0.00% −3.87
PDD PDD Holdings Inc. Sold out 0.00% −3.66
BZ Kanzhun Ltd. - ADR Sold out 0.00% −2.90
QFIN Qfin Holdings Inc.-ADR Reduce -31.4% 31.05% +0.86

Portfolio Buys Q2 2024 → Q3 2024
YMM Full Truck Alliance -SPN ADR Add +16.3% 22.14% +5.03

Options Activity Q2 2024 → Q3 2024
PDD PDD Holdings Inc. call New 120,000 $16.2M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$124.9MSTAA, LU, PSIX, API
Q1 2026 4$92.4MSTAA, LU, API, PONY
Q4 2025 6$125.4MSTAA, LU, PDD, API, PONY
Q3 2025 6$170.9MSTAA, LU, QFIN, PDD, API
Q2 2025 5$140.1MQFIN, STAA, LU, FUTU, PDD
Q1 2025 4$101.6MSTAA, QFIN, LU, YMM
Q4 2024 5$156.5MJOYY, QFIN, STAA, LU, YMM
Q3 2024 5$159.3MQFIN, YMM, JOYY, LU, STAA
Q2 2024 8$158.1MQFIN, YMM, JOYY, STAA, LU
Q1 2024 5$144.6MQFIN, LU, YMM, JOYY, STAA