Institutional Manager · CIK 0001625502

Capital Today Evergreen Fund, L.P.

Grand Cayman, E9 · File #028-21722

Latest AUM

$216.3M

Positions

Top-10 Concentration

100.0%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	PDD HOLDINGS INC	PDD	-859,509	-$97.5M	-$46.8M
REDUCE	DINGDONG CAYMAN LTD	DDL	0	$0	+$5.0M
REDUCE	KANZHUN LIMITED	BZ	0	$0	-$213,866

Sector Allocation

Consumer Discretionary

85.7%$185.3M

Consumer Staples

13.7%$29.6M

Communication Services

0.7%$1.5M

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 20253 pos · $216.3M
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 20253 pos · $355.8M
Aug 4, 202513F HOLDINGS REPORTQ/E Jun 20253 pos · $286.3M
May 8, 202513F HOLDINGS REPORTQ/E Mar 20253 pos · $328.6M
Jan 31, 202513F HOLDINGS REPORTQ/E Dec 20243 pos · $281.8M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 20243 pos · $253.4M
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 20243 pos · $218.3M
May 3, 202413F HOLDINGS REPORTQ/E Mar 20243 pos · $184.8M
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 20233 pos · $315.4M

Top 3 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	PDD HOLDINGS INC	PDD	1,634,077	$185.3M	85.65%
2	DINGDONG CAYMAN LTD	DDL	11,879,332	$29.6M	13.67%
3	KANZHUN LIMITED	BZ	71,767	$1.5M	0.68%