13F HOLDINGS REPORT
Perseverance Asset Management International
Quarter ended Q1 2025 · Filed May 14, 2025 · Accession 0001802695-25-000004
Total Value
$765.5M
Positions
34
Other Managers
1
Confidential Omitted
No
Holdings (34)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | H WORLD GROUP LTD | HWLDF | 2,860,446 | $105.9M | 13.83% |
| 2 | PDD HOLDINGS INC | PDD | 890,425 | $105.4M | 13.77% |
| 3 | H WORLD GROUP LTD | HWLDF | 2,546,170 | $94.2M | 12.31% |
| 4 | PDD HOLDINGS INC | PDD | 623,338 | $73.8M | 9.64% |
| 5 | KE HLDGS INC | BEKE | 3,360,698 | $67.5M | 8.82% |
| 6 | YUM CHINA HLDGS INC | YUMC | 1,056,846 | $55.0M | 7.19% |
| 7 | KANZHUN LIMITED | BZ | 2,039,428 | $39.1M | 5.11% |
| 8 | TENCENT MUSIC ENTMT GROUP | XHLD | 1,630,011 | $23.5M | 3.07% |
| 9 | TRIP COM GROUP LTD | TRPCF | 290,290 | $18.5M | 2.41% |
| 10 | ZTO EXPRESS CAYMAN INC | ZTOEF | 903,947 | $17.9M | 2.34% |
| 11 | VISA INC | V | 45,000 | $15.8M | 2.06% |
| 12 | ALPHABET INC | GOOG | 100,000 | $15.6M | 2.04% |
| 13 | TRIP COM GROUP LTD | TRPCF | 238,986 | $15.2M | 1.98% |
| 14 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 82,000 | $13.6M | 1.78% |
| 15 | KE HLDGS INC | BEKE | 617,291 | $12.4M | 1.62% |
| 16 | NETEASE INC | NETTF | 117,767 | $12.1M | 1.58% |
| 17 | LI AUTO INC | LAAOF | 389,793 | $9.8M | 1.28% |
| 18 | RLX TECHNOLOGY INC | RLX | 5,212,202 | $9.8M | 1.28% |
| 19 | KANZHUN LIMITED | BZ | 479,767 | $9.2M | 1.20% |
| 20 | NETEASE INC | NETTF | 88,583 | $9.1M | 1.19% |
| 21 | META PLATFORMS INC | META | 15,000 | $8.6M | 1.13% |
| 22 | RLX TECHNOLOGY INC | RLX | 3,533,792 | $6.6M | 0.87% |
| 23 | MICROSOFT CORP | MSFT | 10,000 | $3.8M | 0.49% |
| 24 | IQIYI INC | IQ | 1,640,000 | $3.7M | 0.48% |
| 25 | TAL EDUCATION GROUP | TAL | 261,388 | $3.5M | 0.45% |
| 26 | TAL EDUCATION GROUP | TAL | 238,299 | $3.1M | 0.41% |
| 27 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 58,776 | $2.8M | 0.37% |
| 28 | AMER SPORTS INC | AS | 94,744 | $2.5M | 0.33% |
| 29 | YUM CHINA HLDGS INC | YUMC | 44,241 | $2.3M | 0.30% |
| 30 | CANADA GOOSE HLDGS INC | GOOS | 200,000 | $1.6M | 0.21% |
| 31 | SUMMIT THERAPEUTICS INC | SMMT | 71,587 | $1.4M | 0.18% |
| 32 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 25,056 | $1.2M | 0.16% |
| 33 | IQIYI INC | IQ | 240,000 | $542,400 | 0.07% |
| 34 | SUMMIT THERAPEUTICS INC | SMMT | 19,772 | $381,402 | 0.05% |