Yunqi Capital Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Yunqi Capital Ltd reported 6 stock positions worth $125.4 million. Its top holding was Staar Surgical (STAA) at 46.2% of the portfolio, followed by Lufax Holding Ltd.-ADR (LU, 22.4%) and PDD (PDD, 16.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 2 and added to 3. The biggest buy was Staar Surgical (STAA, shares +0%) and the biggest sale an exit from Qfin Holdings Inc.-ADR (QFIN).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001912273
- Portfolio Value
- $125.4M (Q4 2025)
- SEC Filing
- 0001912273-26-000001 ↗ filed Feb 10, 2026
Holdings Value
Holdings 6 stocks · $125.4M
| STAA Staar Surgical Co. | 46.16% | 2,507,130 | $57.9M | Add +0.3% |
| LU Lufax Holding Ltd.-ADR | 22.35% | 10,950,138 | $28.0M | No change |
| PDD PDD Holdings Inc. | 16.74% | 185,100 | $21.0M | Add +27.8% |
| API Agora Inc.-ADR | 6.51% | 2,005,300 | $8.2M | Add +33.2% |
| PONY Pony AI Inc. | 4.80% | 415,000 | $6.0M | New |
| XPEV Xpeng Inc. - ADR | 3.44% | 212,600 | $4.3M | New |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 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 |