Polunin Capital Partners Ltd

CIK 0001629869 · Q1 2026

13F Equity AUM

$385K

-99.9% QoQ

Positions

-8 QoQ

AUM Rank

#12,128

Top 97%

Skill Alpha (FF)

-3.4%/yr^ns

No Clear Edge

Rank #6,633 · Top 81%

vs S&P -10.7%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 71.4%Top 10: 99.4%Top 20: 100.0%

BABA27.4%

PAGS13.8%

STNE12.4%

DQ9.4%

BIDUN8.3%

ACMR8.3%

YMM6.8%

CSIQ6.7%

ATHM5.2%

GAU1.2%

Others (6)0.6%

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

Sector Allocation

Technology50.9%

Consumer Cyclical27.4%

Communication Services13.5%

Energy6.7%

Other1.5%

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

Position Sizing

Positions: 16Median: 5.92%Avg: 6.25%

0–0.5%

6(0.6%)

0.5–1%

0(0.0%)

1–3%

1(1.2%)

3–5%

0(0.0%)

5%+

9(98.2%)

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

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Portfolio Overlap

Shared: 16Unique: 0vs 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

0.3%

BANK OF AMERICA CORP /DE/

0.3%

STATE STREET CORP

0.3%

BlackRock, Inc.

0.3%

JPMORGAN CHASE & CO

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.2%

FMR LLC

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.1%

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

New1Increased3Decreased8Exited9

New Positions

ACMR8.3%

+763K

Increased

PAGS13.8%

+555K(+12%)

DQ9.4%

+284K(+19%)

YMM6.8%

+700(+0%)

Decreased

BABA27.4%

-521,118(-38%)

MX0.0%

-278,137(-83%)

DOYU0.0%

-265,630(-96%)

BIDUN8.3%

-125,056(-30%)

GAU1.2%

-13,100(-1%)

CSIQ6.7%

-7,900(-0%)

STNE12.4%

-2,000(-0%)

ATHM5.2%

-900(-0%)

Exited

-1,947,668

BVN

-540,381

JOYY

-151,493

HUYA

-2,719,977

-491,629

HIMX

-706,750

MOMO

-853,219

HTT

-112,803

-41,924

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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