Yiheng Capital Management, L.P.
•CIK: 1447228•Filing: Q4 2025
**Yiheng Capital Management, L.P.** manages $494M across a concentrated portfolio of 24 positions. The firm exhibits significant conviction in select technology and internet names, highlighted by a dominant $237.5M allocation to ALAB. Further notable holdings include substantial positions in NOAH ($67.4M) and BILI ($28.3M). This structure suggests a high-conviction, growth-oriented mandate within the Asian tech sector.
Total AUM
$229.3M
+ $265.0M in options
QoQ Performance
-2.4%
Positions
21
+ 3 options
Top 10 Concentration
90.4%
Latest Filing
Q4 2025
Top Holdings Allocation
ALAB
NOAH
BILI
ALAB48.0%
NOAH13.6%
BILI5.7%
JD4.0%
N1UA3.8%
HTHT3.8%
RERE3.4%
VSAT3.2%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW3 new positions
↑3 increased
↓10 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022