Yunqi Capital Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Yunqi Capital Ltd reported 4 stock positions worth $92.4 million. Its top holding was Staar Surgical (STAA) at 65.9% of the portfolio, followed by Lufax Holding Ltd.-ADR (LU, 22.2%) and Agora Inc.-ADR (API, 7.7%). Compared with Q4 2025, it sold out of 2 and added to 1. The biggest buy was Staar Surgical (STAA, shares +30%) and the biggest sale an exit from PDD (PDD).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001912273
Portfolio Value
$92.4M (Q1 2026)
SEC Filing
0001912273-26-000002 ↗ filed May 11, 2026

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 Q1 2025 Q2 2025: $140.1M Q2 2025 Q3 2025: $170.9M Q3 2025 Q4 2025: $125.4M Q4 2025 Q1 2026: $92.4M $92.4M Q1 2026 Q2 2026: $124.9M Q2 2026

Holdings 4 stocks · $92.4M
STAA Staar Surgical Co. 65.92% 3,257,130 $60.9M Add +29.9%
LU Lufax Holding Ltd.-ADR 22.16% 10,950,138 $20.5M No change
API Agora Inc.-ADR 7.68% 2,005,300 $7.1M No change
PONY Pony AI Inc. 4.24% 415,000 $3.9M No change

Portfolio Sells Q4 2025 → Q1 2026
PDD PDD Holdings Inc. Sold out 0.00% −16.74
XPEV Xpeng Inc. - ADR Sold out 0.00% −3.44

Portfolio Buys Q4 2025 → Q1 2026
STAA Staar Surgical Co. Add +29.9% 65.92% +19.75

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