13F HOLDINGS REPORT
Yiheng Capital Management, L.P.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001420506-26-000563
Total Value
$494.3M
Positions
24
Other Managers
0
Confidential Omitted
No
Holdings (24)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ASTERA LABS INC | ALAB | 1,427,500 | $237.5M | 48.04% |
| 2 | NOAH HLDGS LTD | NOAH | 6,717,351 | $67.4M | 13.64% |
| 3 | BILIBILI INC | BLBLF | 1,148,898 | $28.3M | 5.72% |
| 4 | JD.COM INC | JDCMF | 687,413 | $19.7M | 3.99% |
| 5 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 340,629 | $18.7M | 3.79% |
| 6 | H WORLD GROUP LTD | HWLDF | 398,371 | $18.7M | 3.79% |
| 7 | ATRENEW INC | RERE | 3,163,117 | $16.8M | 3.39% |
| 8 | VIASAT INC | VSAT | 455,600 | $15.7M | 3.18% |
| 9 | DBV TECHNOLOGIES S A | DBVTF | 639,769 | $12.3M | 2.48% |
| 10 | UL SOLUTIONS INC | ULS | 150,000 | $11.8M | 2.39% |
| 11 | PONY AI INC | PYAIF | 653,215 | $9.5M | 1.92% |
| 12 | ACM RESH INC | 00108J109 | 174,447 | $6.9M | 1.39% |
| 13 | VIRIDIAN THERAPEUTICS INC | VRDN | 208,735 | $6.5M | 1.31% |
| 14 | KYMERA THERAPEUTICS INC | KYMR | 73,440 | $5.7M | 1.16% |
| 15 | SILVACO GROUP INC | SVCO | 1,096,282 | $4.4M | 0.90% |
| 16 | FULL TRUCK ALLIANCE CO LTD | YMM | 411,143 | $4.4M | 0.89% |
| 17 | TAL EDUCATION GROUP | TAL | 309,240 | $3.4M | 0.68% |
| 18 | AGORA INC | API | 533,547 | $2.2M | 0.44% |
| 19 | YATSEN HLDG LTD | YSG | 368,347 | $1.4M | 0.29% |
| 20 | INVENTIVA SA | IVEVF | 255,915 | $1.2M | 0.24% |
| 21 | GENERATION BIO CO | 37148K209 | 105,524 | $599,376 | 0.12% |
| 22 | BEAM THERAPEUTICS INC | BEAM | 21,126 | $585,613 | 0.12% |
| 23 | PASSAGE BIO INC | PASG | 34,301 | $404,752 | 0.08% |
| 24 | TUNIU CORP | TOUR | 314,437 | $194,951 | 0.04% |