Yiheng Capital Management, L.P. Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$678.1B

Holdings

25

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (25 positions)

#StockSharesValue% PortfolioType
1
ALABASTERA LABS INC
1,427,500$279.5B41.22%Put
2
JDJD.COM INC
2,602,013$91.0B13.42%Call
3
NOAHNOAH HLDGS LTD
6,717,351$77.9B11.48%
4
BILIBILIBILI INC
1,818,564$51.1B7.53%Call
5
N1UANEW ORIENTAL ED & TECHNOLOGY
521,901$27.7B4.08%
6
VSATVIASAT INC
735,500$21.6B3.18%Put
7
HTHTH WORLD GROUP LTD
457,032$17.9B2.64%
8
IVAINVENTIVA SA
2,644,926$15.3B2.26%
9
REREATRENEW INC
3,163,117$14.6B2.15%
10
ACMRACM RESH INC
280,201$11.0B1.62%
11
VRDNVIRIDIAN THERAPEUTICS INC
500,261$10.8B1.59%
12
AKROAKERO THERAPEUTICS INC
191,076$9.1B1.34%
13
KYMRKYMERA THERAPEUTICS INC
122,605$6.9B1.02%
14
DNLIDENALI THERAPEUTICS INC
469,981$6.8B1.01%
15
RAREULTRAGENYX PHARMACEUTICAL IN
225,758$6.8B1.00%
16
DBVTDBV TECHNOLOGIES S A
656,309$6.6B0.97%
17
SVCOSILVACO GROUP INC
1,096,282$5.9B0.87%
18
PONYPONY AI INC
200,300$4.5B0.66%
19
CLBTCELLEBRITE DI LTD
231,031$4.3B0.63%
20
TALTAL EDUCATION GROUP
309,240$3.5B0.51%
21
APIAGORA INC
533,547$2.0B0.30%
22
BEAMBEAM THERAPEUTICS INC
69,058$1.7B0.25%
23
YSGYATSEN HLDG LTD
96,328$872.7M0.13%
24
GBIOGENERATION BIO CO
105,524$645.8M0.10%
25
TOURTUNIU CORP
314,437$299.4M0.04%