Shengqi Capital (Hong Kong) Ltd 13F Disclosure & Portfolio Data

Shengqi Capital (Hong Kong) Ltd's disclosed holdings carry a Herfindahl concentration index of 0.999 — mathematically equivalent to about 1 equally-sized positions, well below its 5 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 2.23), with a handful of outsized bets alongside many smaller positions.

Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 20.0 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.