1y return+15.2%S&P 500 +20.9%
3y return+57.9%S&P 500 +68.5%
5y return+4.9%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $215 against $232 in the S&P 500.2
Perseverance Asset Management InternationalS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | $238.1M | 24.4% | +11.6% |
| HTHTH World Group Ltd | $168.4M | 17.2% | +3.9% |
| PDDPdd Holdings Inc | $165.0M | 16.9% | |
| BZKanzhun Limited | $151.8M | 15.5% | +175.2% |
| TCOMTrip Com Group Ltd | $41.2M | 4.2% | +53.2% |
| MUMicron Technology Inc | $39.7M | 4.1% | +283.5% |
| SNDKSandisk Corp | $36.4M | 3.7% | +192.0% |
| GOOGAlphabet Inc | $35.3M | 3.6% | |
| YUMCYum China Hldgs Inc | $34.2M | 3.5% | +17.2% |
| BEKEKe Hldgs Inc | $24.0M | 2.5% | +18.8% |
| NVDANvidia Corporation | $16.0M | 1.6% | −72.4% |
| RLXRlx Technology Inc | $14.0M | 1.4% | −1.8% |
| NTESNetease Com Inc | $5.1M | 0.5% | −76.5% |
| IQIqiyi Inc | $4.1M | 0.4% | −18.8% |
| YSGYatsen Hldg Ltd | $1.7M | 0.2% | |
| WRDWeride Inc | $1.5M | 0.2% | New |
| VVisa Inc | $487K | 0.0% | New |
| BABAAlibaba Group Hldg Ltd | $326K | 0.0% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGAlphabet Inc | December 31, 2023 | +150.7% | $35.3M |
| TSMTaiwan Semiconductor Manufac | September 30, 2025 | +71.0% | $238.1M |
| NVDANvidia Corporation | March 31, 2026 | +14.7% | $16.0M |
| HTHTH World Group Ltd | September 30, 2023 | +5.8% | $168.4M |
| YUMCYum China Hldgs Inc | December 31, 2023 | −3.7% | $34.2M |
| RLXRlx Technology Inc | June 30, 2022 | −10.8% | $14.0M |
| PDDPdd Holdings Inc | June 30, 2020 | −11.1% | $165.0M |
| NTESNetease Com Inc | September 30, 2025 | −15.7% | $5.1M |
| YSGYatsen Hldg Ltd | December 31, 2025 | −18.5% | $1.7M |
| TCOMTrip Com Group Ltd | March 31, 2026 | −20.0% | $41.2M |
Sold off last quarter
- FUTUFutu Hldgs Ltd was $20.5M
- LITELumentum Hldgs Inc was $17.6M
- XPEVXpeng Inc was $13.7M
- MOSMosaic Co was $7.7M
- AMDAdvanced Micro Devices Inc was $6.1M
- NIONio Inc was $435K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −2.7% | +14.8% |
| March 31, 2026 | −3.3% | −4.6% |
| December 31, 2025 | +5.4% | +2.4% |
| September 30, 2025 | +16.3% | +7.8% |
| June 30, 2025 | −4.3% | +10.5% |
| March 31, 2025 | +9.6% | −4.6% |
| December 31, 2024 | −10.8% | +2.1% |
| September 30, 2024 | +7.2% | +5.4% |
| June 30, 2024 | +1.4% | +4.0% |
| March 31, 2024 | −2.7% | +10.0% |
| December 31, 2023 | +16.8% | +11.2% |
| September 30, 2023 | +18.6% | −3.6% |
| June 30, 2023 | −6.2% | +8.3% |
| March 31, 2023 | +11.8% | +7.0% |
| December 31, 2022 | +12.1% | +7.1% |
| September 30, 2022 | −3.3% | −5.3% |
| June 30, 2022 | +33.9% | −16.5% |
| March 31, 2022 | −26.7% | −4.9% |
| December 31, 2021 | −23.8% | +10.7% |
| September 30, 2021 | −21.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Perseverance Asset Management International Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1802695&type=13F-HR&dateb=&owner=include&count=40CIK 1802695
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1802695/000180269526000003/Filed August 12, 2026 · accession 0001802695-26-000003