# Yiheng Capital Management, L.P.: Form 13F holdings

An institutional investment manager in SAN FRANCISCO, CA. SEC CIK 1447228.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $291.3m
- Positions: 28 (32 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1447228/000142050626001804/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [NOAH HLDGS LTD (NOAH)](/companies/noah.md) | SPON ADS | $67.1m | 23.0% | 6,717,351 |  | Unchanged |
| [BILIBILI INC (BILI)](/companies/bili.md) | SPONS ADS REP Z | $25.4m | 8.7% | 1,489,815 |  | Added +749,900 |
| [NEW ORIENTAL ED & TECHNOLOGY (EDU)](/companies/edu.md) | SPON ADR | $24.6m | 8.5% | 536,351 | Call | New +536,351 |
| [JD.COM INC (JD)](/companies/jd.md) | SPON ADS CL A | $21.5m | 7.4% | 8,443 | Call | New +8,443 |
| [JD.COM INC (JD)](/companies/jd.md) | SPON ADS CL A | $15.0m | 5.2% | 590,513 |  | Added +3,000 |
| [H WORLD GROUP LTD (HTHT)](/companies/htht.md) | SPONSORED ADS | $13.5m | 4.6% | 323,371 |  | Unchanged |
| [HINGE HEALTH INC (HNGE)](/companies/hnge.md) | CL A | $13.0m | 4.5% | 156,190 |  | Reduced −140,663 |
| [SILVACO GROUP INC (SVCO)](/companies/svco.md) | COM | $12.5m | 4.3% | 906,381 |  | Reduced −189,901 |
| [ATRENEW INC (RERE)](/companies/rere.md) | SPONSORED ADS | $12.2m | 4.2% | 3,163,117 |  | Unchanged |
| [BILIBILI INC (BILI)](/companies/bili.md) | SPONS ADS REP Z | $10.6m | 3.6% | 6,230 | Call | New +6,230 |
| [BILL HOLDINGS INC (BILL)](/companies/bill.md) | COM | $8.1m | 2.8% | 222,820 |  | Unchanged |
| [NEW ORIENTAL ED & TECHNOLOGY (EDU)](/companies/edu.md) | SPON ADR | $7.5m | 2.6% | 1,636 |  | Reduced −374,915 |
| [VIRIDIAN THERAPEUTICS INC (VRDN)](/companies/vrdn.md) | COM | $7.4m | 2.5% | 400,464 |  | Added +191,729 |
| [KYMERA THERAPEUTICS INC (KYMR)](/companies/kymr.md) | COM | $7.3m | 2.5% | 63,440 |  | Reduced −10,000 |
| [TAL ED GROUP (TAL)](/companies/tal.md) | SPONSORED ADS | $7.3m | 2.5% | 759,240 |  | Unchanged |
| [JOYY INC (JOYY)](/companies/joyy.md) | ADS REPSTG COM A | $5.6m | 1.9% | 85,583 |  | Unchanged |
| [POWER SOLUTIONS INTL INC (PSIX)](/companies/psix.md) | COM NEW | $5.2m | 1.8% | 133,500 |  | New +133,500 |
| [PONY AI INC (PONY)](/companies/pony.md) | SPONSORED ADS | $4.5m | 1.6% | 653,215 |  | Unchanged |
| [BIOAGE LABS INC (BIOA)](/companies/bioa.md) | COM | $4.2m | 1.4% | 170,532 |  | New +170,532 |
| [FULL TRUCK ALLIANCE CO LTD (YMM)](/companies/ymm.md) | SPONSORED ADS | $4.2m | 1.4% | 513,248 |  | Unchanged |
| [TRIP COM GROUP LTD (TCOM)](/companies/tcom.md) | ADS | $3.5m | 1.2% | 88,112 |  | Unchanged |
| [YATSEN HLDG LTD (YSG)](/companies/ysg.md) | SPONSORED ADS | $3.0m | 1.0% | 946,193 |  | Added +148,327 |
| [AGORA INC (API)](/companies/api.md) | ADS | $2.9m | 1.0% | 725,795 |  | Unchanged |
| [DBV TECHNOLOGIES S A (DBVT)](/companies/dbvt.md) | SPONSORED ADS | $2.8m | 1.0% | 170,142 |  | Unchanged |
| [ZEPP HEALTH CORPORATION (ZEPP)](/companies/zepp.md) | SPONSORED ADR | $1.1m | 0.4% | 220,501 |  | Added +162,770 |
| [BEAM THERAPEUTICS INC (BEAM)](/companies/beam.md) | COM | $725.0k | 0.2% | 21,126 |  | Unchanged |
| [PASSAGE BIO INC (PASG)](/companies/pasg.md) | COM NEW | $420.2k | 0.1% | 86,097 |  | Unchanged |
| [TUNIU CORP (TOUR)](/companies/tour.md) | SPONSORED ADS | $151.9k | <0.1% | 31,443 |  | New +31,443 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| CELLEBRITE DI LTD | ORDINARY SHARES | $0 | 0.0% | 0 |  | Sold out −46,000 |
| TUNIU CORP | SPONSORED ADS | $0 | 0.0% | 0 |  | Sold out −314,437 |

Source: SEC EDGAR, Form 13F-HR, accession 0001420506-26-001804. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.