Perseverance Asset Management International
Perseverance Asset Management International reported 18 US-listed holdings worth $977.3 million in its 13F for the quarter ended 30 June 2026, filed 12 August 2026. Its largest: Taiwan Semiconductor Manufacturing Company Limited (24.4%), H World Group Ltd (17.2%) and PDD Holdings Inc. (16.9%). Against the quarter before, it opened 3 positions, added to 8, trimmed 4 and sold out of 6.
The 14 largest of its 18 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 +9.8% 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 3
- Weride Inc. WRD$1.5 million
- Visa Inc. V$486,845
- Alibaba Group Holding Limited BABA$326,236
Added to 8
- Kanzhun Limited BZ+7.5 million shares · +175%
- Micron Technology Inc. MU+25,442 shares · +283%
- Taiwan Semiconductor Manufacturing Company Limited TSM+51,995 shares · +12%
- Sandisk Corp. SNDK+10,521 shares · +192%
- Trip.com Group Limited TCOM+359,086 shares · +53%
- H World Group Ltd HTHT+153,285 shares · +4%
- Yum China Holdings, Inc. YUMC+123,115 shares · +17%
- KE Holdings Inc. BEKE+261,230 shares · +19%
Trimmed 4
- NVIDIA Corp. NVDA-210,000 shares · -72%
- NetEase, Inc. NTES-130,000 shares · -76%
- Iqiyi Inc. IQ-900,000 shares · -19%
- RLX Technology Inc. RLX-135,125 shares · -2%
Sold out of 6
- Futu Hldgs Ltd FUTU$20.5 million last quarter
- Lumentum Holdings Inc. LITE$17.6 million last quarter
- XPeng Inc. XPEV$13.7 million last quarter
- Mosaic Co. MOS$7.7 million last quarter
- Advanced Micro Devices Inc. AMD$6.1 million last quarter
- NIO Inc. NIO$434,727 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited TSM | 498.5K | $238.1 million | 24.36% | +52.0K |
| H World Group Ltd HTHT | 4.0M | $168.4 million | 17.23% | +153.3K |
| PDD Holdings Inc. PDD | 2.2M | $165.0 million | 16.89% | +1.8K |
| Kanzhun Limited BZ | 11.8M | $151.8 million | 15.54% | +7.5M |
| Trip.com Group Limited TCOM | 1.0M | $41.2 million | 4.22% | +359.1K |
| Micron Technology Inc. MU | 34.4K | $39.7 million | 4.06% | +25.4K |
| Sandisk Corp. SNDK | 16.0K | $36.4 million | 3.72% | +10.5K |
| Alphabet Inc. GOOG | 100.0K | $35.3 million | 3.62% | no change |
| Yum China Holdings, Inc. YUMC | 837.1K | $34.2 million | 3.50% | +123.1K |
| KE Holdings Inc. BEKE | 1.7M | $24.0 million | 2.46% | +261.2K |
| NVIDIA Corp. NVDA | 80.0K | $16.0 million | 1.64% | -210.0K |
| RLX Technology Inc. RLX | 7.4M | $14.0 million | 1.43% | -135.1K |
| NetEase, Inc. NTES | 40.0K | $5.1 million | 0.52% | -130.0K |
| Iqiyi Inc. IQ | 3.9M | $4.1 million | 0.42% | -900.0K |
| Yatsen Hldg Ltd YSG | 530.0K | $1.7 million | 0.17% | no change |
| Weride Inc. WRD | 260.0K | $1.5 million | 0.15% | new |
| Visa Inc. V | 1.4K | $486,845 | 0.05% | new |
| Alibaba Group Holding Limited BABA | 3.4K | $326,236 | 0.03% | new |
Read more
Change is shares against its 13F for the quarter before; the 6 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Vertiv Holdings Co. VRT | Puts | 5.0K | $1.7 million |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.