Yunqi Capital Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Yunqi Capital Ltd reported 4 stock positions worth $101.6 million. Its top holding was Staar Surgical (STAA) at 33.6% of the portfolio, followed by Qfin Holdings Inc.-ADR (QFIN, 32.0%) and Lufax Holding Ltd.-ADR (LU, 20.7%). Compared with Q4 2024, it sold out of 1, added to 1 and reduced 2. The biggest buy was Staar Surgical (STAA, shares +152%) and the biggest sale an exit from Joyy Inc.-ADR (JOYY).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001912273
Portfolio Value
$101.6M (Q1 2025)
SEC Filing
0001912273-25-000002 ↗ filed Apr 30, 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 Q4 2024 Q1 2025: $101.6M $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 4 stocks · $101.6M
STAA Staar Surgical Co. 33.61% 1,937,589 $34.2M Add +152.5%
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 32.02% 724,630 $32.5M Reduce -17.6%
LU Lufax Holding Ltd.-ADR 20.74% 7,098,040 $21.1M No change
YMM Full Truck Alliance -SPN ADR 13.63% 1,084,500 $13.8M Reduce -24.6%

Portfolio Sells Q4 2024 → Q1 2025
JOYY Joyy Inc.-ADR Sold out 0.00% −45.74
YMM Full Truck Alliance -SPN ADR Reduce -24.6% 13.63% +3.68
QFIN Qfin Holdings Inc.-ADR Reduce -17.6% 32.02% +10.45

Portfolio Buys Q4 2024 → Q1 2025
STAA Staar Surgical Co. Add +152.5% 33.61% +21.70

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