Yunqi Capital Ltd

**Yunqi Capital Ltd.** manages $125M across a concentrated portfolio of six positions. The fund exhibits significant overweighting in STAA, representing $57.9M of its current holdings. Further notable allocations include $28.0M in LU and $21.0M in PDD, suggesting a focus on specific high-conviction sectors. This structure indicates a tactical, bottom-up approach with substantial capital deployment into core names.

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