2026 Q1 Portfolio Activity
In 2026 Q1, HSG Holding Ltd maintained a portfolio of 21 distinct positions. The most significant new addition was PONY AI INC, now representing 6.18% of the total fund value. They heavily accumulated shares in CIRCLE INTERNET GROUP INC, increasing the position by 114.3%. Conversely, HSG Holding Ltd completely exited their position in PONY AI INC.
Position History
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Total Positions
21
Quarter
2026 Q1
Top Holding
PDD (70.4%)
Top 10 Concentration
98.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-21 of 21
HSG Holding Ltd Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
PDD
PDD HOLDINGS IN...
|
Consumer Cyclical | 70.35% | 63.61% |
#1
Prev: #1
|
7.0 | no change | no change |
P
S
|
11,348,426 | $1,139,722,423 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BEKE
KE HLDGS INC
|
Real Estate | 6.64% | 4.79% |
#2
3
Prev: #5
|
5.2 | no change | no change |
P
S
|
1,939,017 | $107,615,444 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PONY
PONY AI INC
|
Technology | 6.18% | — |
#3
Prev: #—
|
7.0 | 7,538,358 | — |
NEW
|
7,538,358 | $100,109,394 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FUTU
FUTU HLDGS LTD
|
Financial Services | 4.03% | 6.34% |
#4
1
Prev: #3
|
3.1 | no change | no change |
P
S
|
740,352 | $65,358,275 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BULL
WEBULL CORP
|
Technology | 3.41% | 2.92% |
#5
1
Prev: #6
|
2.9 | no change | no change |
P
S
|
7,053,639 | $55,229,993 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CRCL
CIRCLE INTERNET...
|
Financial Services | 3.00% | 1.20% |
#6
4
Prev: #10
|
4.2 | 357,000 | 114.3% |
P
S
|
669,200 | $48,650,840 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BZ
KANZHUN LIMITED
|
Communication Services | 1.71% | 7.44% |
#7
5
Prev: #2
|
1.7 | no change | no change |
P
S
|
1,900,000 | $27,759,000 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DDL
DINGDONG CAYMAN...
|
Consumer Defensive | 1.63% | 1.52% |
#8
Prev: #8
|
1.7 | no change | no change |
P
S
|
10,091,839 | $26,339,700 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AVBP
ARRIVENT BIOPHA...
|
Healthcare | 0.86% | 0.88% |
#9
2
Prev: #11
|
1.3 | no change | no change |
P
S
|
663,308 | $13,982,533 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
COE
51TALK ONLINE E...
|
Consumer Defensive | 0.48% | 0.64% |
#10
2
Prev: #12
|
1.2 | no change | no change |
P
S
|
474,901 | $7,816,870 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
THCH
TH INTERNATIONA...
|
Consumer Cyclical | 0.47% | 0.34% |
#11
3
Prev: #14
|
1.2 | no change | no change |
P
S
|
2,900,606 | $7,541,576 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LOT
LOTUS TECHNOLOG...
|
Consumer Cyclical | 0.39% | 0.39% |
#12
1
Prev: #13
|
1.2 | no change | no change |
P
S
|
4,834,099 | $6,332,670 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GPCR
STRUCTURE THERA...
|
Healthcare | 0.38% | 1.29% |
#13
4
Prev: #9
|
1.2 | no change | no change |
P
S
|
266,062 | $6,204,566 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BTDR
BITDEER TECHNOL...
|
Technology | 0.18% | 0.22% |
#14
1
Prev: #15
|
1.1 | no change | no change |
P
S
|
293,732 | $2,890,323 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ADAG
ADAGENE INC
|
Healthcare | 0.13% | 0.14% |
#15
2
Prev: #17
|
1.1 | no change | no change |
P
S
|
1,343,364 | $2,028,480 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BRNS
BARINTHUS BIOTH...
|
Healthcare | 0.07% | 2.23% |
#16
9
Prev: #7
|
1.0 | no change | no change |
P
S
|
1,420,473 | $1,164,788 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BTCM
SOLAI LIMITED
|
Unknown | 0.04% | 0.02% |
#17
2
Prev: #19
|
1.0 | no change | no change |
P
S
|
350,427 | $627,264 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
YMT
YIMUTIAN INC
|
Technology | 0.03% | — |
#18
Prev: #—
|
3.5 | 3,442,060 | — |
NEW
|
3,442,060 | $543,846 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LYEL
LYELL IMMUNOPHA...
|
Healthcare | 0.00% | 0.21% |
#19
3
Prev: #16
|
1.0 | no change | no change |
P
S
|
152,299 | $73,104 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BNR
BURNING ROCK BI...
|
Healthcare | 0.00% | 0.05% |
#20
2
Prev: #18
|
1.0 | no change | no change |
P
S
|
21,212 | $62,363 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
PONY AI INC
|
|
Unknown | 0.00% | 5.78% |
Sold All 😨
(Was: #4) |
0.0 | -7,538,358 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-21 of 21 holdings