Yunqi Capital Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 21, 2025), Yunqi Capital Ltd reported 6 stock positions worth $170.9 million. Its top holding was Staar Surgical (STAA) at 39.3% of the portfolio, followed by Lufax Holding Ltd.-ADR (LU, 26.0%) and Qfin Holdings Inc.-ADR (QFIN, 18.0%). Compared with Q2 2025, it opened 2 new positions, sold out of 1 and added to 4. The biggest buy was Staar Surgical (STAA, shares +4%) and the biggest sale an exit from Futu Holdings Ltd.-ADR (FUTU).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001912273
- Portfolio Value
- $170.9M (Q3 2025)
- SEC Filing
- 0001912273-25-000006 ↗ filed Nov 21, 2025
Holdings Value
Holdings 6 stocks · $170.9M
| STAA Staar Surgical Co. | 39.30% | 2,500,061 | $67.2M | Add +3.7% |
| LU Lufax Holding Ltd.-ADR | 26.01% | 10,950,138 | $44.5M | Add +8.4% |
| QFIN Qfin Holdings Inc.-ADR | 18.04% | 1,071,630 | $30.8M | Add +4.6% |
| PDD PDD Holdings Inc. | 11.20% | 144,800 | $19.1M | Add +37.9% |
| API Agora Inc.-ADR | 3.36% | 1,505,300 | $5.8M | New |
| BABA Alibaba Group Holding-SP ADR | 2.09% | 20,000 | $3.6M | New |
Portfolio Sells Q2 2025 → Q3 2025
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −11.47 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4 | $124.9M | STAA, LU, PSIX, API |
| Q1 2026 | 4 | $92.4M | STAA, LU, API, PONY |
| Q4 2025 | 6 | $125.4M | STAA, LU, PDD, API, PONY |
| Q3 2025 | 6 | $170.9M | STAA, LU, QFIN, PDD, API |
| Q2 2025 | 5 | $140.1M | QFIN, STAA, LU, FUTU, PDD |
| Q1 2025 | 4 | $101.6M | STAA, QFIN, LU, YMM |
| Q4 2024 | 5 | $156.5M | JOYY, QFIN, STAA, LU, YMM |
| Q3 2024 | 5 | $159.3M | QFIN, YMM, JOYY, LU, STAA |
| Q2 2024 | 8 | $158.1M | QFIN, YMM, JOYY, STAA, LU |
| Q1 2024 | 5 | $144.6M | QFIN, LU, YMM, JOYY, STAA |