Perseverance Asset Management International

CIK 0001802695 · Q1 2026

13F Equity AUM

$909.0M

+33.2% QoQ

Positions

+8 QoQ

AUM Rank

#2,973

Top 24%

Skill Alpha (FF)

+26.7%/yr^ns

No Clear Edge

Rank #56 · Top 0.7%

vs S&P -2.3%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 74.3%Top 10: 89.5%Top 20: 100.0%

PDD24.3%

HTHT21.5%

TSM16.6%

BZ6.3%

NVDA5.6%

YUMC3.8%

CLV3.7%

GOOG3.2%

BEKE2.3%

FUTU2.3%

Others (11)10.5%

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

Sector Allocation

Consumer Cyclical55.0%

Technology27.6%

Industrials6.3%

Communication Services3.9%

Real Estate2.3%

Financial Services2.3%

Other2.6%

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

Position Sizing

Positions: 21Median: 2.09%Avg: 4.76%

0–0.5%

4(0.9%)

0.5–1%

3(2.2%)

1–3%

6(11.9%)

3–5%

3(10.7%)

5%+

5(74.3%)

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

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Portfolio Overlap

Shared: 21Unique: 0vs 20 funds

0.3%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

0.4%

BANK OF AMERICA CORP /DE/

0.4%

0.5%

0.6%

0.6%

0.4%

GEODE CAPITAL MANAGEMENT, LLC

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.3%

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

New10Increased5Decreased4Exited2

New Positions

NVDA5.6%

+290K

CLV3.7%

+675K

FUTU2.3%

+150K

LITE1.9%

+25K

XPEV1.5%

+800K

MOS0.8%

+300K

AMD0.7%

+30K

SNDK0.4%

+5K

MU0.3%

+9K

NIO0.1%

+72K

Increased

BZ6.3%

+4.0M(+1604%)

TSM16.6%

+418K(+1454%)

BEKE2.3%

+236K(+20%)

PDD24.3%

+200K(+10%)

NTES2.1%

+60K(+55%)

Decreased

IQ0.7%

-2,000,000(-29%)

HTHT21.5%

-1,290,334(-25%)

RLX1.8%

-295,066(-4%)

GOOG3.2%

-200,000(-67%)

Exited

TLT

-59,100

API

-700,000

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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