Capital Today Evergreen Fund, L.P.

Key Holdings

The portfolio composition is overwhelmingly dominated by Dingdong Cayman Ltd, which accounts for 93.62% of the total assets, valued at $24.59 million. The fund holds 11.88 million shares, suggesting a deep conviction in this specific name despite its volatility or specific sector risks. The second holding, Kanzhun Limited (BZ), represents a minor allocation of $1.68 million (or 6.38% of the portfolio), comprising 72,000 shares. The significant disparity between the primary and secondary holding—nearly a 15-to-1 ratio—signals that the fund’s performance is almost entirely correlated with the price movement of Dingdong Cayman Ltd.

Sector Allocation

The sector allocation of the fund is currently split between "Unknown" and "Technology." The "Unknown" sector, representing $24.59 million (93.62%), is entirely attributed to Dingdong Cayman Ltd. (likely a consumer/retail or e-commerce classification that falls outside standard GICS sector buckets in the data provided). The Technology sector accounts for the remaining $1.68 million (6.38%) via Kanzhun Limited. This allocation reflects a lack of traditional sector diversification, with the fund effectively abandoning a broader strategy to focus heavily on the specific business model of Dingdong Cayman Ltd.