Yiheng Capital Management, L.P. Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$494.3M
Holdings
24
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (24 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | ALABASTERA LABS INC | 1,427,500 | $237.5M | 48.04% | Put |
| 2 | NOAHNOAH HLDGS LTD | 6,717,351 | $67.4M | 13.64% | |
| 3 | BILIBILIBILI INC | 1,148,898 | $28.3M | 5.72% | |
| 4 | JDJD.COM INC | 687,413 | $19.7M | 3.99% | |
| 5 | N1UANEW ORIENTAL ED & TECHNOLOGY | 340,629 | $18.7M | 3.79% | |
| 6 | HTHTH WORLD GROUP LTD | 398,371 | $18.7M | 3.79% | |
| 7 | REREATRENEW INC | 3,163,117 | $16.8M | 3.39% | |
| 8 | VSATVIASAT INC | 455,600 | $15.7M | 3.18% | Put |
| 9 | DBVTDBV TECHNOLOGIES S A | 639,769 | $12.3M | 2.48% | |
| 10 | ULSUL SOLUTIONS INC | 150,000 | $11.8M | 2.39% | Put |
| 11 | PONYPONY AI INC | 653,215 | $9.5M | 1.92% | |
| 12 | ACMRACM RESH INC | 174,447 | $6.9M | 1.39% | |
| 13 | VRDNVIRIDIAN THERAPEUTICS INC | 208,735 | $6.5M | 1.31% | |
| 14 | KYMRKYMERA THERAPEUTICS INC | 73,440 | $5.7M | 1.16% | |
| 15 | SVCOSILVACO GROUP INC | 1,096,282 | $4.4M | 0.90% | |
| 16 | YMMFULL TRUCK ALLIANCE CO LTD | 411,143 | $4.4M | 0.89% | |
| 17 | TALTAL EDUCATION GROUP | 309,240 | $3.4M | 0.68% | |
| 18 | APIAGORA INC | 533,547 | $2.2M | 0.44% | |
| 19 | YSGYATSEN HLDG LTD | 368,347 | $1.4M | 0.29% | |
| 20 | IVAINVENTIVA SA | 255,915 | $1.2M | 0.24% | |
| 21 | GBIOGENERATION BIO CO | 105,524 | $599K | 0.12% | |
| 22 | BEAMBEAM THERAPEUTICS INC | 21,126 | $585K | 0.12% | |
| 23 | PASGPASSAGE BIO INC | 34,301 | $404K | 0.08% | |
| 24 | TOURTUNIU CORP | 314,437 | $194K | 0.04% |