Perseverance Asset Management International

CIK 0001802695 · Q2 2026

13F Equity AUM

$979.0M

+7.7% QoQ

Positions

-2 QoQ

AUM Rank

#2,469

Top 28%

Skill Alpha (FF)

+23.3%/yr^ns

No Clear Edge

Rank #112 · Top 1%

vs S&P -3.3%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 78.1%Top 10: 95.4%Top 20: 100.0%

TSM24.3%

HTHT17.2%

PDD16.9%

BZ15.5%

CLV4.2%

MU4.1%

SNDK3.7%

GOOG3.6%

YUMC3.5%

BEKE2.5%

Others (9)4.6%

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

Sector Allocation

Consumer Cyclical42.0%

Technology34.4%

Industrials15.7%

Communication Services4.0%

Real Estate2.5%

Other1.5%

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

Position Sizing

Positions: 19Median: 2.45%Avg: 5.26%

0–0.5%

6(1.0%)

0.5–1%

1(0.5%)

1–3%

3(5.5%)

3–5%

5(19.1%)

5%+

4(73.9%)

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

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Portfolio Overlap

Shared: 0Unique: 19vs 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

New4Increased9Decreased4Exited6

New Positions

VRT0.2%

+5K

WRD0.1%

+260K

V0.1%

+1K

BABA0.0%

+3K

Increased

BZ15.5%

+7.5M(+175%)

CLV4.2%

+359K(+53%)

BEKE2.5%

+261K(+19%)

HTHT17.2%

+153K(+4%)

YUMC3.5%

+123K(+17%)

TSM24.3%

+52K(+12%)

MU4.1%

+25K(+283%)

SNDK3.7%

+11K(+192%)

PDD16.9%

+2K(+0%)

Decreased

IQ0.4%

-900,000(-19%)

NVDA1.6%

-210,000(-72%)

RLX1.4%

-135,125(-2%)

NTES0.5%

-130,000(-76%)

Exited

-150,000

-25,000

-800,000

-300,000

-30,000

-72,094

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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