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Perseverance Asset Management International

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13F filer, CIK 1802695, GEORGE TOWN, Cayman Islands

Perseverance Asset Management International reported $581,973,532 across 15 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 98.13% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001802695-25-000012

Period
2025-09-30
Reported value
$582M
Holdings
15
Top 10 weight
98.13%
New
6
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GOOGadded+280,000$68.2M
NTESnew+112,000$17M
BEKEnew+659,849$12.5M
HTHTadded+258,356$10.1M
IQadded+3,500,000$8.96M

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
YUMCreduced-168,563-$7.23M
ASreduced-71,793-$2.49M
SMMTreduced-80,183-$1.66M

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, Q3 2025

Share positions as resolved from 13F-HR 0001802695-25-000012, largest first. % of portfolio is the value over $581,973,532, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
HTHTH WORLD GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,973,756 shares; 2024Q4: 4,087,474 shares; 2025Q1: 5,406,616 shares; 2025Q2: 4,942,827 shares; 2025Q3: 5,201,183 shares 5,201,183$203M34.95%+258,356Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,757,906 shares; 2024Q4: 1,646,425 shares; 2025Q1: 1,513,763 shares; 2025Q2: 1,312,663 shares; 2025Q3: 1,333,235 shares 1,333,235$176M30.28%+20,572Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 200,000 shares; 2025Q1: 100,000 shares; 2025Q2: 20,000 shares; 2025Q3: 300,000 shares 300,000$73.1M12.55%+280,000Timeline
YUMCYUM CHINA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,613,731 shares; 2024Q4: 1,536,064 shares; 2025Q1: 1,101,087 shares; 2025Q2: 882,562 shares; 2025Q3: 713,999 shares 713,999$30.6M5.27%-168,563Timeline
RLXRLX TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,966,367 shares; 2024Q4: 11,502,784 shares; 2025Q1: 8,745,994 shares; 2025Q2: 6,643,226 shares; 2025Q3: 7,465,567 shares 7,465,567$19.6M3.37%+822,341Timeline
ASAMER SPORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 94,744 shares; 2025Q2: 615,197 shares; 2025Q3: 543,404 shares 543,404$18.9M3.24%-71,793Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 988,853 shares; 2024Q4: 338,856 shares; 2025Q1: 206,350 shares; 2025Q2: not reported; 2025Q3: 112,000 shares 112,000$17M2.93%newTimeline
IQIQIYI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,964,695 shares; 2024Q4: 1,538,405 shares; 2025Q1: 1,880,000 shares; 2025Q2: 1,890,000 shares; 2025Q3: 5,390,000 shares 5,390,000$13.8M2.37%+3,500,000Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,548,313 shares; 2024Q4: 4,626,250 shares; 2025Q1: 3,977,989 shares; 2025Q2: not reported; 2025Q3: 659,849 shares 659,849$12.5M2.15%newTimeline
BZKANZHUN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 730,083 shares; 2024Q4: 920,817 shares; 2025Q1: 2,519,195 shares; 2025Q2: 251,642 shares; 2025Q3: 251,642 shares 251,642$5.88M1.01%0Timeline
TLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 59,100 shares 59,100$5.28M0.91%newTimeline
GOOSCANADA GOOSE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 200,000 shares; 2025Q2: not reported; 2025Q3: 220,000 shares 220,000$3.03M0.52%newTimeline
SMMTSUMMIT THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 91,359 shares; 2025Q2: 139,928 shares; 2025Q3: 59,745 shares 59,745$1.23M0.21%-80,183Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000 shares; 2025Q1: 82,000 shares; 2025Q2: not reported; 2025Q3: 3,141 shares 3,141$877K0.15%newTimeline
REREATRENEW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 97,850 shares 97,850$450K0.08%newTimeline

How Q3 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 0001802695-25-000012 base2025-11-14acceptance time not in the bulk data set