HSG Holding Ltd

CIK 0001470766 · Q2 2026

13F Equity AUM

$1.2B

-26.1% QoQ

Positions

0 QoQ

AUM Rank

#3,065

Top 24%

Skill Alpha (FF)

+16.4%/yr^ns

No Clear Edge

Rank #197 · Top 2%

vs S&P -9.3%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 88.3%Top 10: 97.2%Top 20: 100.0%

PDD72.3%

FUTU5.8%

PONY4.4%

CRCL3.5%

BEKE2.4%

L9S2.1%

BZ2.0%

AVBP1.9%

DDL1.6%

GPCR1.2%

Others (10)2.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical73.3%

Financial Services9.3%

Industrials6.4%

Healthcare5.9%

Real Estate2.4%

Other2.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 20Median: 0.91%Avg: 5.00%

0–0.5%

9(2.2%)

0.5–1%

1(0.6%)

1–3%

6(11.2%)

3–5%

2(7.9%)

5%+

2(78.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 20vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2Increased0Decreased0Exited2

New Positions

L9S2.1%

+3.8M

YIMUTIAN INC0.0%

+229K

Exited

BULLW

-7,053,639

YMT

-3,442,060

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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