HSG Holding Ltd

CIK 0001470766 · Q1 2026

13F Equity AUM

$1.6B

-14.4% QoQ

Positions

+1 QoQ

AUM Rank

#2,049

Top 17%

Skill Alpha (FF)

+18.8%/yr^ns

No Clear Edge

Rank #111 · Top 1%

vs S&P -5.7%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 90.6%Top 10: 98.3%Top 20: 100.0%

PDD70.3%

BEKE6.6%

PONY6.2%

FUTU4.0%

BULLW3.4%

CRCL3.0%

BZ1.7%

DDL1.6%

AVBP0.9%

COE0.5%

Others (10)1.7%

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

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Portfolio Overlap

Shared: 13Unique: 7vs 20 funds

0.2%Low

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.2%

STATE STREET CORP

0.3%

BANK OF AMERICA CORP /DE/

0.2%

BlackRock, Inc.

0.3%

FMR LLC

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.3%

JPMORGAN CHASE & CO

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New2Increased1Decreased0Exited1

New Positions

PONY6.2%

+7.5M

YMT0.0%

+3.4M

Increased

CRCL3.0%

+357K(+114%)

Exited

PONY

-7,538,358

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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