Perseverance Asset Management International
Net buyer this quarter
$979M
18
+$76.7M
95.4%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 TSM | $238M | 24.32% | 0.00% | +11.6% | Q2 2022 |
 HTHT | $168M | 17.20% | 0.13% | +4.0% | Q3 2020 |
 PDD | $165M | 16.86% | 0.04% | +0.1% | Q1 2020 |
 BZ | $152M | 15.51% | 11.79% | +175.2% | Q2 2021 |
 TCOM | $41.2M | 4.21% | 0.16% | +53.2% | Q3 2023 |
 MU | $39.7M | 4.06% | 0.00% | +283.5% | Q1 2026 |
 SNDK | $36.4M | 3.72% | 0.01% | +192.0% | Q1 2026 |
 GOOG | $35.3M | 3.61% | Not reported | Not reported | Q4 2023 |
 YUMC | $34.2M | 3.49% | 0.24% | +17.2% | Q2 2021 |
 BEKE | $24M | 2.45% | Not reported | +18.8% | Q3 2020 |
 NVDA | $16M | 1.64% | 0.00% | -72.4% | Q1 2026 |
 RLX | $14M | 1.43% | 0.48% | -1.8% | Q1 2021 |
 NTES | $5.13M | 0.52% | 0.00% | -76.5% | Q4 2019 |
 IQ | $4.06M | 0.41% | 1.14% | -18.8% | Q4 2019 |
 YSG | $1.68M | 0.17% | Not reported | Not reported | Q4 2025 |
 WRD | $1.51M | 0.15% | Not reported | New | Q2 2026 |
 V | $487K | 0.05% | 0.00% | Not reported | Q4 2024 |
 BABA | $326K | 0.03% | 0.00% | Not reported | Q4 2019 |
| Q1 2026 | |||||
| PDD | $221M | 24.30% | 0.04% | +10.2% | Q1 2020 |
| HTHT | $195M | 21.48% | 0.13% | -25.0% | Q3 2020 |
| TSM | $151M | 16.60% | 0.00% | +1453.9% | Q2 2022 |
| BZ | $57.4M | 6.32% | 4.28% | +1603.8% | Q2 2021 |
| NVDA | $50.6M | 5.56% | 0.00% | New | Q1 2026 |
| YUMC | $34.8M | 3.83% | 0.20% | Not reported | Q2 2021 |
| TCOM | $33.6M | 3.70% | 0.10% | Not reported | Q3 2023 |
| GOOG | $28.7M | 3.16% | Not reported | -66.7% | Q4 2023 |
| BEKE | $20.8M | 2.29% | Not reported | +20.4% | Q3 2020 |
 FUTU | $20.5M | 2.26% | 0.04% | New | Q1 2026 |
| NTES | $19M | 2.09% | 0.01% | +54.6% | Q4 2019 |
 LITE | $17.6M | 1.93% | 0.03% | New | Q1 2026 |
| RLX | $16.5M | 1.81% | 0.48% | -3.8% | Q1 2021 |
 XPEV | $13.7M | 1.51% | Not reported | Not reported | Q3 2021 |
 MOS | $7.65M | 0.84% | 0.09% | New | Q1 2026 |
| IQ | $6.48M | 0.71% | 1.40% | -29.4% | Q4 2019 |
 AMD | $6.1M | 0.67% | 0.00% | New | Q1 2026 |
| SNDK | $3.48M | 0.38% | 0.00% | New | Q1 2026 |
| MU | $3.03M | 0.33% | 0.00% | New | Q1 2026 |
| YSG | $1.63M | 0.18% | Not reported | Not reported | Q4 2025 |
 NIO | $435K | 0.05% | 0.00% | New | Q1 2026 |
| Q4 2025 | |||||
| HTHT | $243M | 35.65% | 0.17% | -0.6% | Q3 2020 |
| PDD | $222M | 32.60% | 0.03% | +47.2% | Q1 2020 |
| GOOG | $94.1M | 13.79% | Not reported | Not reported | Q4 2023 |
| YUMC | $34.1M | 4.99% | 0.20% | Not reported | Q2 2021 |
| BEKE | $18.2M | 2.67% | Not reported | +75.1% | Q3 2020 |
| RLX | $18.2M | 2.66% | 0.50% | +4.4% | Q1 2021 |
| NTES | $15.1M | 2.22% | 0.00% | -1.8% | Q4 2019 |
| IQ | $13.1M | 1.91% | 1.99% | +26.2% | Q4 2019 |
| TSM | $8.73M | 1.28% | 0.00% | +814.8% | Q2 2022 |
| BZ | $5.13M | 0.75% | 0.25% | Not reported | Q2 2021 |
 API | $2.85M | 0.42% | 0.20% | New | Q4 2025 |
| YSG | $2.06M | 0.30% | Not reported | New | Q4 2025 |
| Q3 2025 | |||||
| HTHT | $203M | 34.95% | 0.17% | +5.2% | Q3 2020 |
| PDD | $176M | 30.28% | 0.02% | +1.6% | Q1 2020 |
| GOOG | $73.1M | 12.55% | Not reported | +1400.0% | Q4 2023 |
| YUMC | $30.6M | 5.27% | 0.20% | -19.1% | Q2 2021 |
| RLX | $19.6M | 3.37% | 0.48% | +12.4% | Q1 2021 |
 AS | $18.9M | 3.24% | 0.10% | -11.7% | Q1 2024 |
| NTES | $17M | 2.93% | 0.00% | Not reported | Q4 2019 |
| IQ | $13.8M | 2.37% | 1.57% | +185.2% | Q4 2019 |
| BEKE | $12.5M | 2.15% | Not reported | Not reported | Q3 2020 |
| BZ | $5.88M | 1.01% | 0.25% | Not reported | Q2 2021 |
 GOOS | $3.03M | 0.52% | Not reported | Not reported | Q1 2025 |
 SMMT | $1.23M | 0.21% | 0.01% | -57.3% | Q1 2025 |
| TSM | $877K | 0.15% | 0.00% | Not reported | Q2 2022 |
 RERE | $450K | 0.08% | 0.52% | New | Q3 2025 |