Skip to content
Disclosery

Perseverance Asset Management International

Follow

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

Perseverance Asset Management International reported $682,546,983 across 13 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-12. Its ten largest share positions make up 98.53% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001802695-26-000001

Period
2025-12-31
Reported value
$683M
Holdings
13
Top 10 weight
98.53%
New
2
Sold out
4

Part of the filer group Perseverance Asset Management International

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PDDadded+628,857$71.3M
BEKEadded+495,590$7.81M
TSMadded+25,593$7.78M
APInew+700,000$2.85M
IQadded+1,410,000$2.71M

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
ASexited-543,404-$18.9M
GOOSexited-220,000-$3.03M
HTHTreduced-28,813-$1.36M
SMMTexited-59,745-$1.23M
REREexited-97,850-$450K

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 0001802695-26-000001, largest first. % of portfolio is the value over $682,546,983, 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; 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; 2025Q4: 5,172,370 shares 5,172,370$243M35.65%-28,813Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,962,092 shares 1,962,092$222M32.6%+628,857Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 200,000 shares; 2025Q1: 100,000 shares; 2025Q2: 20,000 shares; 2025Q3: 300,000 shares; 2025Q4: 300,000 shares 300,000$94.1M13.79%0Timeline
YUMCYUM CHINA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 713,999 shares 713,999$34.1M4.99%0Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,155,439 shares 1,155,439$18.2M2.67%+495,590Timeline
RLXRLX TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,790,928 shares 7,790,928$18.2M2.66%+325,361Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 988,853 shares; 2024Q4: 338,856 shares; 2025Q1: 206,350 shares; 2025Q2: not reported; 2025Q3: 112,000 shares; 2025Q4: 110,000 shares 110,000$15.1M2.22%-2,000Timeline
IQIQIYI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,800,000 shares 6,800,000$13.1M1.91%+1,410,000Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000 shares; 2025Q1: 82,000 shares; 2025Q2: not reported; 2025Q3: 3,141 shares; 2025Q4: 28,734 shares 28,734$8.73M1.28%+25,593Timeline
TLTISHARES TRQuarterly 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: 59,100 shares; 2025Q4: 59,100 shares 59,100$5.15M0.75%0Timeline
BZKANZHUN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 251,642 shares 251,642$5.13M0.75%0Timeline
APIAGORA 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: not reported; 2025Q4: 700,000 shares 700,000$2.85M0.42%newTimeline
YSGYATSEN HLDG 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: not reported; 2025Q4: 529,993 shares 529,993$2.06M0.3%newTimeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
ASAMER SPORTS INC543,404$18.9Mshares
GOOSCANADA GOOSE HLDGS INC220,000$3.03Mshares
SMMTSUMMIT THERAPEUTICS INC59,745$1.23Mshares
REREATRENEW INC97,850$450Kshares

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 0001802695-26-000001 base2026-02-12acceptance time not in the bulk data set