A Closer Look at Yiheng Capital's Q3 2022 vs. Q4 2022 13F Holdings

Comparison

Investors and financial analysts have been eagerly awaiting Yiheng Capital Management, L.P.'s latest quarterly 13F filings, which reveal the fund's holdings as of the end of the third quarter of 2022 and compare them to the fourth quarter. The data highlights significant changes in the fund's portfolio, which are often viewed as a barometer of the fund's investment strategy and overall outlook.

Here's a comprehensive analysis of Yiheng Capital's Q3 2022 vs. Q4 2022 13F holdings comparison.

JD.Com Inc

Yiheng Capital Management, L.P. made a huge move in e-commerce giant JD.com Inc. in Q4 2022. The fund acquired 4,732,400 shares, taking its total holdings in JD.com Inc. to 11,477,300 shares. The value of the fund's holdings in JD.com Inc. now stands at $644,220,000, representing an increase of 89.8% from the previous quarter.

Bilibili Inc

In Q4 2022, Yiheng Capital Management, L.P. added 1,002,846 shares of popular Chinese video-sharing platform Bilibili Inc. Its total holdings in the company now stand at 22,451,817 shares, worth $290,469,000. This represents an increase of 72.8% from the previous quarter.

New Oriental Education & Technology

The fund made no changes to its position in New Oriental Education & Technology in Q4 2022, maintaining its holdings at 3,942,372 shares worth $137,273,000.

H World Group Ltd

Yiheng Capital Management, L.P. decreased its holdings in H World Group Ltd by 9.0% in Q4 2022, reducing its position from 3,070,910 shares to 2,783,620 shares. The value of the fund's holdings in H World Group Ltd also declined from $102,998,000 to $118,081,000, a decrease of 14.6%.

Transdigm Group Inc

In Q4 2022, Yiheng Capital Management, L.P. made no changes to its position in Transdigm Group Inc, maintaining its holdings at 107,612 shares worth $67,757,000.

Hollysys Automation Technology Ltd

The fund's holdings in Hollysys Automation Technology Ltd remained unchanged in Q4 2022, with a total of 3,963,836 shares worth $65,125,000.

Sabre Corp

Yiheng Capital Management, L.P. added no new shares of travel technology company Sabre Corp in Q4 2022, maintaining its position as of the end of the third quarter, with a total of 10,421,742 shares worth $64,406,000.

Smart Global Holdings Inc

The fund's holdings in Smart Global Holdings Inc decreased by 6.2% in Q4 2022. Its total shares held in the company dropped from 2,953,992 shares to 2,953,992 shares, worth $43,955,000.

Tal Education Group

Yiheng Capital Management, L.P. made a significant move in Tal Education Group in Q4 2022, adding 3,179,000 shares, increasing its total holdings to 8,848,100 shares worth $144,690,000.

Iveric Bio Inc

The fund maintained the same position in gene therapy company Iveric Bio Inc in Q4 2022 as it held at the end of Q3, 2022. Yiheng Capital Management, L.P. holds a total of 3,613,254 shares worth $77,359,000.

Conclusion

As we can see from the above analysis, Yiheng Capital Management, L.P.'s Q3 2022 vs. Q4 2022 13F holdings comparison presents an interesting picture. The fund made some significant moves in e-commerce, which is a reflection of the strength of the industry. However, it made some cautious moves in other areas, which could be an indication of the fund's outlook for those sectors. Like any portfolio, it's important to note the risks and rewards associated with individual investments, and Yiheng Capital's portfolio is no exception. Investors are always aware of these risks and should monitor their holdings accordingly.

As always, it's important to seek professional financial advice before making any investment decisions.