Yunqi Capital Ltd

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Yunqi Capital Ltd reported 5 stock positions worth $156.5 million. Its top holding was Joyy Inc.-ADR (JOYY) at 45.7% of the portfolio, followed by Qfin Holdings Inc.-ADR (QFIN, 21.6%) and Staar Surgical (STAA, 11.9%). Compared with Q3 2024, it added to 2 and reduced 2. The biggest buy was Joyy Inc.-ADR (JOYY, shares +102%) and the biggest sale Full Truck Alliance -SPN ADR (YMM, shares −63%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001912273
Portfolio Value
$156.5M (Q4 2024)
SEC Filing
0001912273-25-000001 ↗ filed Feb 7, 2025

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 Q3 2024 Q4 2024: $156.5M $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 · $156.5M
JOYY Joyy Inc.-ADR 45.74% 1,710,987 $71.6M Add +102.3%
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 21.57% 879,630 $33.8M Reduce -47.0%
STAA Staar Surgical Co. 11.91% 767,413 $18.6M Add +48.9%
LU Lufax Holding Ltd.-ADR 10.84% 7,098,040 $17.0M No change
YMM Full Truck Alliance -SPN ADR 9.94% 1,438,500 $15.6M Reduce -63.3%

Portfolio Sells Q3 2024 → Q4 2024
YMM Full Truck Alliance -SPN ADR Reduce -63.3% 9.94% −12.20
QFIN Qfin Holdings Inc.-ADR Reduce -47.0% 21.57% −9.49

Portfolio Buys Q3 2024 → Q4 2024
JOYY Joyy Inc.-ADR Add +102.3% 45.74% +26.51
STAA Staar Surgical Co. Add +48.9% 11.91% −0.11

Options Activity Q3 2024 → Q4 2024
PDD PDD Holdings Inc. call Sold out 120,000 $16.2Mbefore exit

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