# Perseverance Asset Management International: Form 13F holdings

An institutional investment manager in GEORGE TOWN. SEC CIK 1802695.

- Quarter ended: 2026-06-30
- Filed: 2026-08-12
- Reported value: $979.0m
- Positions: 19 (28 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/1802695/000180269526000003/

## 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [TAIWAN SEMICONDUCTOR MANUFAC (TSM)](/companies/tsm.md) | SPONSORED ADS | $238.1m | 24.3% | 498,500 |  | Added +51,995 |
| [H WORLD GROUP LTD (HTHT)](/companies/htht.md) | SPONSORED ADS | $168.4m | 17.2% | 4,035,321 |  | Added +153,285 |
| [PDD HOLDINGS INC (PDD)](/companies/pdd.md) | SPONSORED ADS | $165.0m | 16.9% | 2,163,479 |  | Added +1,803 |
| [KANZHUN LIMITED (BZ)](/companies/bz.md) | SPONSORED ADS | $151.8m | 15.5% | 11,798,246 |  | Added +7,510,681 |
| [TRIP COM GROUP LTD (TCOM)](/companies/tcom.md) | ADS | $41.2m | 4.2% | 1,034,085 |  | Added +359,086 |
| [MICRON TECHNOLOGY INC (MU)](/companies/mu.md) | COM | $39.7m | 4.1% | 34,417 |  | Added +25,442 |
| [SANDISK CORP (SNDK)](/companies/sndk.md) | COM | $36.4m | 3.7% | 16,000 |  | Added +10,521 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CAP STK CL C | $35.3m | 3.6% | 100,000 |  | Unchanged |
| [YUM CHINA HLDGS INC (YUMC)](/companies/yumc.md) | COM | $34.2m | 3.5% | 837,114 |  | Added +123,115 |
| [KE HLDGS INC (BEKE)](/companies/beke.md) | SPONSORED ADS | $24.0m | 2.5% | 1,652,669 |  | Added +261,230 |
| [NVIDIA CORPORATION (NVDA)](/companies/nvda.md) | COM | $16.0m | 1.6% | 80,000 |  | Reduced −210,000 |
| [RLX TECHNOLOGY INC (RLX)](/companies/rlx.md) | SPONSORED ADS | $14.0m | 1.4% | 7,360,737 |  | Reduced −135,125 |
| [NETEASE COM INC (NTES)](/companies/ntes.md) | SPONSORED ADS | $5.1m | 0.5% | 40,000 |  | Reduced −130,000 |
| [IQIYI INC (IQ)](/companies/iq.md) | SPONSORED ADS | $4.1m | 0.4% | 3,900,000 |  | Reduced −900,000 |
| [YATSEN HLDG LTD (YSG)](/companies/ysg.md) | SPONSORED ADS | $1.7m | 0.2% | 529,993 |  | Unchanged |
| [VERTIV HOLDINGS CO (VRT)](/companies/vrt.md) | COM CL A | $1.7m | 0.2% | 5,000 | Put | New +5,000 |
| [WERIDE INC (WRD)](/companies/wrd.md) | SPONSORED ADS | $1.5m | 0.2% | 260,000 |  | New +260,000 |
| [VISA INC (V)](/companies/v.md) | COM CL A | $486.8k | <0.1% | 1,419 |  | New +1,419 |
| [ALIBABA GROUP HLDG LTD (BABA)](/companies/baba.md) | SPONSORED ADS | $326.2k | <0.1% | 3,399 |  | New +3,399 |

## 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ADVANCED MICRO DEVICES INC (AMD)](/companies/amd.md) | COM | $0 | 0.0% | 0 |  | Sold out −30,000 |
| [FUTU HLDGS LTD (FUTU)](/companies/futu.md) | SPON ADS CL A | $0 | 0.0% | 0 |  | Sold out −150,000 |
| [LUMENTUM HLDGS INC (LITE)](/companies/lite.md) | COM | $0 | 0.0% | 0 |  | Sold out −25,000 |
| [MOSAIC CO (MOS)](/companies/mos.md) | COM | $0 | 0.0% | 0 |  | Sold out −300,000 |
| [NIO INC (NIO)](/companies/nio.md) | SPON ADS | $0 | 0.0% | 0 |  | Sold out −72,094 |
| [XPENG INC (XPEV)](/companies/xpev.md) | ADS | $0 | 0.0% | 0 |  | Sold out −800,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001802695-26-000003. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.