13F HOLDINGS REPORT
Perseverance Asset Management International
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001802695-25-000007
Total Value
$397.4M
Positions
15
Other Managers
1
Confidential Omitted
No
Holdings (15)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | H WORLD GROUP LTD | HWLDF | 2,755,650 | $93.5M | 23.52% |
| 2 | PDD HOLDINGS INC | PDD | 730,306 | $76.4M | 19.23% |
| 3 | H WORLD GROUP LTD | HWLDF | 2,187,177 | $74.2M | 18.67% |
| 4 | PDD HOLDINGS INC | PDD | 582,357 | $60.9M | 15.34% |
| 5 | YUM CHINA HLDGS INC | YUMC | 882,562 | $39.5M | 9.93% |
| 6 | AMER SPORTS INC | AS | 606,088 | $23.5M | 5.91% |
| 7 | RLX TECHNOLOGY INC | RLX | 3,723,042 | $8.2M | 2.07% |
| 8 | RLX TECHNOLOGY INC | RLX | 2,920,184 | $6.5M | 1.62% |
| 9 | KANZHUN LIMITED | BZ | 251,642 | $4.5M | 1.13% |
| 10 | ALPHABET INC | GOOG | 20,000 | $3.5M | 0.89% |
| 11 | IQIYI INC | IQ | 1,800,000 | $3.2M | 0.80% |
| 12 | SUMMIT THERAPEUTICS INC | SMMT | 129,987 | $2.8M | 0.70% |
| 13 | AMER SPORTS INC | AS | 9,109 | $353,065 | 0.09% |
| 14 | SUMMIT THERAPEUTICS INC | SMMT | 9,941 | $211,544 | 0.05% |
| 15 | IQIYI INC | IQ | 90,000 | $159,300 | 0.04% |