Polunin Capital Partners Ltd
Net buyer this quarter
$407M
18
+$13.6M
92.8%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 ACMR | $77.1M | 18.92% | 1.76% | -1.9% | Q1 2026 |
 JD | $55.5M | 13.62% | 0.13% | Not reported | Q4 2017 |
 PAGS | $45.5M | 11.17% | 1.88% | -1.7% | Q3 2022 |
 STNE | $39.3M | 9.65% | Not reported | +4.6% | Q3 2022 |
 BIDU | $33.3M | 8.18% | Not reported | -1.7% | Q1 2025 |
 CSIQ | $31.8M | 7.82% | 3.13% | +5.9% | Q4 2025 |
 YMM | $26.6M | 6.52% | Not reported | -1.7% | Q3 2024 |
 ATHM | $25.1M | 6.15% | 0.27% | +8.0% | Q2 2022 |
 WB | $22.6M | 5.54% | 1.19% | Not reported | Q1 2023 |
 DQ | $21.3M | 5.22% | 0.51% | -1.6% | Q3 2025 |
 HIMX | $10.6M | 2.61% | 0.20% | Not reported | Q3 2020 |
 TUYA | $5.44M | 1.34% | 0.48% | New | Q2 2026 |
 MOMO | $5.06M | 1.24% | 0.57% | Not reported | Q3 2022 |
 PPLT | $3.6M | 0.88% | 0.19% | New | Q2 2026 |
 GAU | $3.43M | 0.84% | 0.71% | -0.7% | Q4 2025 |
 MX | $240K | 0.06% | 0.16% | +4.9% | Q4 2019 |
 BZUN | $171K | 0.04% | 0.03% | Not reported | Q3 2025 |
 CAN | $23K | 0.01% | 0.00% | -93.8% | Q1 2022 |
| Q1 2026 | |||||
 BABA | $106M | 27.38% | 0.05% | -37.7% | Q2 2021 |
| PAGS | $53.2M | 13.80% | 1.91% | +12.5% | Q3 2022 |
| STNE | $47.9M | 12.42% | Not reported | -0.1% | Q3 2022 |
| DQ | $36.4M | 9.44% | 0.52% | +19.5% | Q3 2025 |
| BIDU | $32.1M | 8.33% | Not reported | -30.2% | Q1 2025 |
| ACMR | $31.8M | 8.25% | 1.79% | New | Q1 2026 |
| YMM | $26.1M | 6.77% | Not reported | 0.0% | Q3 2024 |
| CSIQ | $25.6M | 6.65% | 2.95% | -0.4% | Q4 2025 |
| ATHM | $20M | 5.18% | 0.25% | -0.1% | Q2 2022 |
| GAU | $4.66M | 1.21% | 0.71% | -0.7% | Q4 2025 |
| CAN | $495K | 0.13% | 0.03% | Not reported | Q1 2022 |
| MX | $164K | 0.04% | 0.16% | -83.0% | Q4 2019 |
| BZUN | $153K | 0.04% | 0.03% | Not reported | Q3 2025 |
 DOYU | $59K | 0.02% | 0.04% | -95.6% | Q3 2022 |
| Q4 2025 | |||||
| BABA | $229M | 35.26% | 0.01% | +0.2% | Q2 2021 |
| BIDU | $61.8M | 9.53% | Not reported | +0.3% | Q1 2025 |
| JD | $56.3M | 8.67% | 0.13% | -1.2% | Q4 2017 |
| STNE | $48.6M | 7.49% | Not reported | -0.1% | Q3 2022 |
| PAGS | $44.9M | 6.91% | 1.70% | +0.4% | Q3 2022 |
| CSIQ | $43.7M | 6.73% | 2.96% | New | Q4 2025 |
| DQ | $36.7M | 5.66% | 0.43% | +13.6% | Q3 2025 |
| YMM | $31.1M | 4.79% | Not reported | +0.2% | Q3 2024 |
| ATHM | $26.4M | 4.07% | 0.25% | -0.8% | Q2 2022 |
 BVN | $18.7M | 2.89% | 0.21% | +8.2% | Q4 2017 |
 JOYY | $10.5M | 1.62% | Not reported | -7.3% | Q4 2023 |
 HUYA | $10.1M | 1.55% | 1.21% | +8.2% | Q4 2022 |
 CGAU | $8.19M | 1.26% | 0.25% | -4.7% | Q2 2021 |
| HIMX | $6.07M | 0.94% | 0.20% | -4.4% | Q3 2020 |
| MOMO | $5.96M | 0.92% | 0.58% | -4.1% | Q3 2022 |
| GAU | $5.17M | 0.80% | 0.72% | New | Q4 2025 |
| DOYU | $1.89M | 0.29% | 0.92% | -5.3% | Q3 2022 |
| MX | $1.02M | 0.16% | 0.93% | -3.7% | Q4 2019 |
| CAN | $942K | 0.15% | 0.03% | -8.5% | Q1 2022 |
 HTT | $342K | 0.05% | 0.03% | -53.2% | Q2 2019 |
| BZUN | $168K | 0.03% | 0.03% | -44.0% | Q3 2025 |
 LU | $110K | 0.02% | 0.00% | -53.2% | Q1 2023 |
| Q3 2025 | |||||
| BABA | $260M | 38.20% | 0.01% | -3.2% | Q2 2021 |
| JD | $69.8M | 10.26% | 0.13% | -3.2% | Q4 2017 |
| STNE | $60.4M | 8.88% | Not reported | -3.0% | Q3 2022 |
| BIDU | $58.6M | 8.61% | Not reported | +19.9% | Q1 2025 |
| YMM | $42.1M | 6.19% | Not reported | -3.1% | Q3 2024 |
| PAGS | $41.5M | 6.10% | 1.69% | +15.6% | Q3 2022 |
| DQ | $37.2M | 5.47% | 0.38% | New | Q3 2025 |
| ATHM | $32.8M | 4.82% | 0.24% | -3.0% | Q2 2022 |
 RYAAY | $12.5M | 1.84% | 0.02% | Not reported | Q1 2025 |
| BVN | $12.2M | 1.80% | 0.20% | Not reported | Q4 2017 |
| JOYY | $9.6M | 1.41% | Not reported | -2.4% | Q4 2023 |
| HUYA | $8.24M | 1.21% | 1.12% | +20.9% | Q4 2022 |
| MOMO | $6.64M | 0.98% | 0.61% | +25.9% | Q3 2022 |
 NIU | $6.6M | 0.97% | 2.26% | +36.3% | Q4 2022 |
| HIMX | $6.38M | 0.94% | 0.21% | -2.5% | Q3 2020 |
| CGAU | $5.86M | 0.86% | 0.25% | -2.5% | Q2 2021 |
| DOYU | $2.18M | 0.32% | 0.97% | -3.3% | Q3 2022 |
| CAN | $1.71M | 0.25% | 0.03% | -3.1% | Q1 2022 |
| MX | $1.11M | 0.16% | 0.97% | -2.9% | Q4 2019 |
| HTT | $1.07M | 0.16% | 0.07% | Not reported | Q2 2019 |
| BZUN | $424K | 0.06% | 0.06% | New | Q3 2025 |
| LU | $359K | 0.05% | 0.01% | Not reported | Q1 2023 |