Skip to content
Disclosery

Cederberg Capital Ltd

Follow

13F filer, CIK 1861244, LONDON, United Kingdom

Cederberg Capital Ltd reported $307,983,000 across 9 holdings for the quarter ended 2025-12-31, in a 13F-HR/A filed 2026-02-18.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001861244-26-000002

Period
2025-12-31
Reported value
$308M
Holdings
9
Top 10 weight
100%
New
0
Sold out
1

Part of the filer group Cederberg Capital Ltd

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ACMRadded+197,400$7.79M
EDUadded+92,000$5.06M
SEadded+3,100$396K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NTESreduced-96,300-$13.3M
YMMreduced-638,100-$6.85M
FINVexited-680,600-$5.02M
FUTUreduced-18,200-$2.99M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR/A 0001861244-26-000002, largest first. % of portfolio is the value over $307,983,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 568,300 shares; 2024Q4: 568,300 shares; 2025Q1: 528,700 shares; 2025Q2: 512,000 shares; 2025Q3: 755,900 shares; 2025Q4: 755,900 shares 755,900$85.7M27.83%0Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 692,475 shares; 2024Q4: 692,475 shares; 2025Q1: 644,975 shares; 2025Q2: 644,975 shares; 2025Q3: 569,475 shares; 2025Q4: 473,175 shares 473,175$65.1M21.14%-96,300Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,083,050 shares; 2024Q4: 1,088,050 shares; 2025Q1: 948,900 shares; 2025Q2: 928,518 shares; 2025Q3: 807,718 shares; 2025Q4: 899,718 shares 899,718$49.5M16.08%+92,000Timeline
ACMRACM RESH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 496,500 shares; 2025Q4: 693,900 shares 693,900$27.4M8.89%+197,400Timeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 340,900 shares; 2024Q4: 353,900 shares; 2025Q1: 291,305 shares; 2025Q2: 251,305 shares; 2025Q3: 181,105 shares; 2025Q4: 162,905 shares 162,905$26.8M8.69%-18,200Timeline
ATATATOUR LIFESTYLE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 630,500 shares; 2025Q4: 630,500 shares 630,500$24.8M8.07%0Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,984,500 shares; 2025Q2: 1,684,300 shares; 2025Q3: 2,467,000 shares; 2025Q4: 1,828,900 shares 1,828,900$19.6M6.37%-638,100Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 200,000 shares; 2025Q1: 350,600 shares; 2025Q2: 350,600 shares; 2025Q3: 382,900 shares; 2025Q4: 382,900 shares 382,900$6.41M2.08%0Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,100 shares; 2025Q2: 15,100 shares; 2025Q3: 17,600 shares; 2025Q4: 20,700 shares 20,700$2.64M0.86%+3,100Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
FINVFINVOLUTION GROUP680,600$5.02Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001861244-26-000001 superseded2026-02-17acceptance time not in the bulk data set
13F-HR/A 0001861244-26-000002 baserestatement2026-02-18acceptance time not in the bulk data set