Perseverance Asset Management
Qiu Guolu et al.
Period
Q2 2026
Portfolio Date
Jun 30, 2026
Stocks Held
17
Market Value
$975.7M
Holdings Value Trend
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Top 5 Holdings
1
T
$TSM
Taiwan Semiconductor Manufacturing Company Limited
24.3%
% of Portfolio
Increased 11.64%
2H
$HTHT
H World Group Limited
17.2%
% of Portfolio
Increased 3.95%
3P
$PDD
PDD Holdings Inc.
16.9%
% of Portfolio
Increased 0.08%
4B
$BZ
Kanzhun Limited
15.5%
% of Portfolio
Increased 175.17%
5T
$TCOM
Trip.com Group Limited
4.2%
% of Portfolio
Increased 53.20%
Historical Positions
| Symbol | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| TSM | 24.3% | 16.6% | 1.3% | - |
| HTHT | 17.2% | 21.5% | 35.6% | 35.0% |
| PDD | 16.9% | 24.3% | 32.6% | 30.3% |
| BZ | 15.5% | 6.3% | - | 1.0% |
| TCOM | 4.2% | 3.7% | - | - |
| MU | 4.1% | - | - | - |
| SNDK | 3.7% | - | - | - |
| GOOG | 3.6% | 3.2% | 13.8% | 12.6% |
| YUMC | 3.5% | 3.8% | 5.0% | 5.3% |
| BEKE | 2.5% | 2.3% | 2.7% | 2.1% |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
BZ+22.61%
PDD+17.36%
TCOM+16.54%
YUMC+19.60%
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
TSM-12.89%
SNDK-29.60%
MU-15.59%
GOOG-4.28%
HTHT+18.74%
Sector Analysis
Materials0.0%
Financials0.1%
Technology34.0%
Real Estate2.5%
Consumer Staples1.4%
Communication Services20.1%
Consumer Discretionary41.9%
Trading Summary
All Holdings
19
T
$TSM
24.3%
Increased 11.64%
2H
$HTHT
17.2%
Increased 3.95%
3P
$PDD
16.9%
Increased 0.08%
4B
$BZ
15.5%
Increased 175.17%
5T
$TCOM
4.2%
Increased 53.20%
6M
$MU
4.1%
Increased 283.48%
7S
$SNDK
3.7%
Increased 192.02%
8G
$GOOG
3.6%
Y
$YUMC
3.5%
Increased 17.24%
10B
$BEKE
2.5%
Increased 18.77%
11N
$NVDA
1.6%
Decreased 72.41%
12R
$RLX
1.4%
Decreased 1.80%
13N
$NTES
0.5%
Decreased 76.47%
14I
$IQ
0.4%
Decreased 18.75%
15W
$WRD
0.1%
New
16V
$V
0.1%
New
17B
$BABA
0.0%
New