Cederberg Capital Ltd
Cederberg Capital Ltd reported 10 US-listed holdings worth $100.4 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: ACM Research, Inc. (32.2%), NetEase, Inc. (23.7%) and China Yuchai Intl Ltd (16.3%). Against the quarter before, it opened 1 position, added to 1, trimmed 8 and sold out of 2.
The 10 largest of its 10 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +17.2% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 1
- Vista Energy S.a.b. De C.V. VIST$1.6 million
Added to 1
- China Yuchai Intl Ltd CYD+22,015 shares · +7%
Trimmed 8
- ACM Research, Inc. ACMR-344,531 shares · -57%
- PDD Holdings Inc. PDD-345,500 shares · -90%
- NetEase, Inc. NTES-174,300 shares · -48%
- Atour Lifestyle Hldgs Ltd ATAT-604,300 shares · -67%
- Silvercorp Metals Inc. SVM-1.1 million shares · -49%
- Nu Holdings Ltd. NU-167,700 shares · -63%
- Sea Limited SE-12,200 shares · -83%
- Anglogold Ashanti PLC AU-6,700 shares · -34%
Sold out of 2
- New Oriental Ed & Technology EDU$4.1 million last quarter
- Petroleo Brasileiro SA Petro PBRA$2.8 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| ACM Research, Inc. ACMR | 254.7K | $32.3 million | 32.20% | -344.5K |
| NetEase, Inc. NTES | 185.4K | $23.8 million | 23.67% | -174.3K |
| China Yuchai Intl Ltd CYD | 344.9K | $16.4 million | 16.29% | +22.0K |
| Silvercorp Metals Inc. SVM | 1.1M | $11.4 million | 11.37% | -1.1M |
| Atour Lifestyle Hldgs Ltd ATAT | 296.3K | $9.4 million | 9.39% | -604.3K |
| PDD Holdings Inc. PDD | 37.6K | $2.9 million | 2.86% | -345.5K |
| Vista Energy S.a.b. De C.V. VIST | 25.2K | $1.6 million | 1.60% | new |
| Nu Holdings Ltd. NU | 98.6K | $1.3 million | 1.31% | -167.7K |
| Anglogold Ashanti PLC AU | 13.2K | $1.1 million | 1.06% | -6.7K |
| Sea Limited SE | 2.5K | $240,000 | 0.24% | -12.2K |