Institutional Manager · CIK 0001629869
Polunin Capital Partners Ltd
LONDON, X0 · File #028-18343
Latest AUM
$649,082
Positions
24
Top-10 Concentration
92.0%
Filings
9
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 |
|---|---|---|---|---|---|
| NEW | CANADIAN SOLAR INC | CSIQ | +2,009,769 | +$43,692 | $0 |
| EXITED | RYANAIR HOLDINGS PLC | 783513203 | -210,331 | -$12,515 | $0 |
| EXITED | NIU TECHNOLOGIES | 65481N100 | -1,460,883 | -$6,603 | $0 |
| NEW | GALIANO GOLD INC | GAU | +1,860,217 | +$5,171 | $0 |
| ADD | DAQO NEW ENERGY CORP | DQ | +174,747 | +$4,400 | -$4,853 |
| ADD | COMPANIA DE MINAS BUENAVENTU | 204448104 | +41,100 | +$1,425 | +$5,088 |
| REDUCE | JOYY INC | JOYY | -11,937 | -$829 | +$1,761 |
| REDUCE | KRANESHARES TRUST | 500767306 | -21,874 | -$782 | -$284 |
| ADD | HUYA INC | HUYA | +207,042 | +$768 | +$1,081 |
| REDUCE | JD.COM INC | JDCMF | -24,188 | -$699 | -$12,817 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202524 pos · $649,082
- 13F HOLDINGS REPORTQ/E Sep 202524 pos · $680,046
- 13F HOLDINGS REPORTQ/E Jun 202527 pos · $611,906
- 13F HOLDINGS REPORTQ/E Mar 202527 pos · $494,970
- 13F HOLDINGS REPORTQ/E Dec 202425 pos · $404,405
- 13F HOLDINGS REPORTQ/E Sep 202426 pos · $427,377
- 13F HOLDINGS REPORTQ/E Jun 202427 pos · $586,657
- 13F HOLDINGS REPORTQ/E Mar 202424 pos · $657,397
- 13F HOLDINGS REPORTQ/E Dec 202329 pos · $444,572
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALIBABA GROUP HLDG LTD | BBAAY | 1,383,722 | $228,868 | 35.26% |
| 2 | BAIDU INC | BAIDF | 413,496 | $61,830 | 9.53% |
| 3 | JD.COM INC | JDCMF | 1,947,668 | $56,288 | 8.67% |
| 4 | STONECO LTD | STNE | 3,356,763 | $48,639 | 7.49% |
| 5 | PAGSEGURO DIGITAL LTD | PAGS | 4,450,160 | $44,858 | 6.91% |
| 6 | CANADIAN SOLAR INC | CSIQ | 2,009,769 | $43,692 | 6.73% |
| 7 | DAQO NEW ENERGY CORP | DQ | 1,458,705 | $36,730 | 5.66% |
| 8 | FULL TRUCK ALLIANCE CO LTD | YMM | 3,152,133 | $31,080 | 4.79% |
| 9 | AUTOHOME INC | ATHM | 1,143,866 | $26,412 | 4.07% |
| 10 | COMPANIA DE MINAS BUENAVENTU | 204448104 | 540,381 | $18,740 | 2.89% |
| 11 | JOYY INC | JOYY | 151,493 | $10,527 | 1.62% |
| 12 | HUYA INC | HUYA | 2,719,977 | $10,091 | 1.55% |
| 13 | CENTERRA GOLD INC | CGAU | 491,629 | $8,190 | 1.26% |
| 14 | HIMAX TECHNOLOGIES INC | HIMX | 706,750 | $6,071 | 0.94% |
| 15 | HELLO GROUP INC | MOMO | 853,219 | $5,964 | 0.92% |
| 16 | GALIANO GOLD INC | GAU | 1,860,217 | $5,171 | 0.80% |
| 17 | DOUYU INTL HLDGS LTD | 25985W204 | 277,828 | $1,889 | 0.29% |
| 18 | MAGNACHIP SEMICONDUCTOR CORP | MX | 335,148 | $1,015 | 0.16% |
| 19 | CANAAN INC | CAN | 1,194,556 | $942 | 0.15% |
| 20 | DBX ETF TR | 233051879 | 23,183 | $778 | 0.12% |