DOSSIER · 13F-HR · Q2 2026

Perseverance Asset Management International

$979M in tracked AUM across 28 positions as of Q2 2026.

PA
CIK 0001802695 · last filed Jun 30, 2026
Total AUM
$979M
as of Q2 2026
Holdings
28
positions
Whale Score
73
73
strong
Activity
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

Perseverance Asset Management International’s 13F filing for the period ending September 30, 2025, reveals a concentrated, high-conviction portfolio totaling approximately $384.03 million across 16 holdings. The portfolio experienced a slight contraction in value, decreasing by 3.4% from the previous quarter's $397.39 million. This decline is attributable to a combination of market performance and significant asset reallocation rather than a broad exodus from the market. ...

Key Holdings

The portfolio is dominated by H World Group Ltd (HTHT), which serves as the anchor position with a value of $203.42 million, representing a massive 52.97% of the portfolio. The firm increased this stake by 5.2% during the quarter, adding $35.76 million, signaling strong confidence in the Chinese hospitality and travel recovery story.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
TSM
TAIWAN SEMICONDUCTOR MANUFAC
$238M499K24.3%
02
HTHT
H WORLD GROUP LTD
$168M4.0M17.2%
03
PDD
PDD HOLDINGS INC
$165M2.2M16.9%
04
BZ
KANZHUN LIMITED
$152M11.8M15.5%
05
TCOM
TRIP COM GROUP LTD
$41M1.0M4.2%
06
MU
MICRON TECHNOLOGY INC
$40M34K4.1%
07
SNDK
SANDISK CORP
$36M16K3.7%
08
GOOG
ALPHABET INC
$35M100K3.6%
09
YUMC
YUM CHINA HLDGS INC
$34M837K3.5%
10
BEKE
KE HLDGS INC
$24M1.7M2.5%

Filing history

2026Q2Jun 30
$979M 7.7%
28 positionsView →
2026Q1Mar 31
$909M 33.2%
33 positionsView →
2025Q4Dec 31
$683M 77.7%
19 positionsView →
2025Q3Sep 30
$384M 3.4%
16 positionsView →
2025Q2Jun 30
$397M 16.7%
15 positionsLocked
2025Q1Mar 31
$477M 35.7%
23 positionsLocked
2024Q4Dec 31
$742M 14.5%
30 positionsLocked
2024Q3Sep 30
$868M 13.8%
29 positionsLocked
2024Q2Jun 30
$762M 37.7%
32 positionsLocked
2024Q1Mar 31
$554M 31.9%
35 positionsLocked
2023Q4Dec 31
$420M 8.6%
33 positionsLocked
2023Q3Sep 30
$386M 16.7%
30 positionsLocked
Showing 12 of 27