CC
Cederberg Capital Ltd: 13F Stock Holdings & Portfolio (Q2 2026)
Cederberg Capital LtdCIK: 0001861244
Sector-focusedMomentum followerHigh-turnover trader
Total reported value
$100.4M
Reporting period: 2026-06-30 · Number of holdings: 10
Cederberg Capital Ltd disclosed 10 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $100.4M and a quarterly turnover rate of 79.9%.
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Personality snowflake
- Concentration
- 83.75
- Portfolio Stability
- 79.87
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 20
- Sizing Uniformity
- 88.98
Cederberg Capital Ltd's disclosed holdings carry a Herfindahl concentration index of 0.209 — mathematically equivalent to about 5 equally-sized positions, well below its 10 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.10), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 29% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd ACMR
-57.5% $8.7M
Trim PDD
-90.2% -$36.3M
Add CYD
+6.8% $3.9M
Trim ATAT
-67.1% -$23.7M
Sold out EDU
Add NTES
-48.5% -$16.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ACMR | Acm Research Inc-class A | Stock-Other | 32.20% | +19.54% | -57.50% | |
| 2 | NTES | Netease Inc-adr | Stock-Comm Services | 23.67% | +2.06% | -48.46% | |
| 3 | CYD | China Yuchai International Limited | Stock-Other | 16.29% | +9.62% | +6.82% | |
| 4 | SVM | Silvercorp Metals Inc | Stock-Other | 11.37% | -1.42% | -49.07% | |
| 5 | ATAT | Atour Lifestyle Holdings-adr | Stock-Other | 9.39% | -8.40% | -67.10% | |
| 6 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 2.86% | -18.15% | -90.19% | |
| 7 | VIST | Vista Energy Sab De Cv | Stock-Other | 1.60% | +1.60% | NEW | |
| 8 | NU | Nu Holdings Ltd. | Stock-Financials | 1.31% | -0.74% | -62.97% | |
| 9 | AU | AngloGold Ashanti plc | Stock-Materials | 1.06% | +0.02% | -33.67% | |
| 10 | SE | Sea Ltd-adr | Stock-Comm Services | 0.24% | -0.41% | -82.99% |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-3.9%
Performance Last 4 Quarters
-10.9%
- Stdev
- +32.6%
- Beta
- +0.78
- Alpha
- -9.3%
- Max Drawdown
- -32.1%
- Annualized Perf
- +1.5%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +0.35
- Stutzer
- +0.06
- Treynor
- +0.08
- Sterling
- +0.04
- Calmar
- +0.05
- Information Ratio
- -0.44
- Tracking Error
- +31.1%
- Stdev Down
- +17.8%
- Winning Months %
- +47.2%
- Losing Months %
- +52.8%
- Best 12 Months
- +37.2%
- Worst 12 Months
- -30.1%
- Efficiency Ratio
- +0.02
- Sharpe
- +0.19
- Stdev Sectors
- +33%
- Skewness
- +1.29
- Kurtosis
- +2.54
- Upside Potential
- +2.4
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 10 | $100.4M | 80 | ||
| 2026 Q1 | 11 | $186.3M | 89 | ||
| 2025 Q4 | 9 | $308.0M | 23 | ||
| 2025 Q3 | 10 | $350.2M | 46 | ||
| 2025 Q2 | 8 | $272.3M | 0 | ||
| 2025 Q1 | 8 | $258.9M | 100 | ||
| 2024 Q4 | 8 | $294.6M | 0 | ||
| 2024 Q3 | 9 | $386.0M | 0 | ||
| 2024 Q2 | 5 | $304.2M | 0 | ||
| 2024 Q1 | 6 | $360.7M | 0 | ||
| 2023 Q4 | 6 | $434.6M | 0 | ||
| 2023 Q3 | 6 | $357.0M | 0 | ||
| 2023 Q2 | 4 | $229.3M | 0 | ||
| 2023 Q1 | 5 | $294.2M | 0 | ||
| 2022 Q4 | 6 | $300.9M | 0 | ||
| 2022 Q3 | 7 | $256.9M | 0 | ||
| 2022 Q2 | 8 | $377.4M | 0 | ||
| 2022 Q1 | 11 | $399.7M | 0 | ||
| 2021 Q4 | 11 | $505.0M | 0 | ||
| 2021 Q3 | 11 | $769.3M | 0 | ||
| 2021 Q2 | 11 | $1.1B | 100 | ||
| 2021 Q1 | 11 | $1.4B | 100 | ||
| 2020 Q4 | 11 | $2.7B | 100 | ||
| 2020 Q3 | 9 | $957.4M | 29 | ||
| 2020 Q2 | 7 | $808.8M | 45 | ||
| 2020 Q1 | 7 | $586.1M | 32 | ||
| 2019 Q4 | 8 | $712.3M | 35 | ||
| 2019 Q3 | 7 | $497.9M | 44 | ||
| 2019 Q2 | 7 | $391.7M | 24 | ||
| 2019 Q1 | 6 | $313.8M | 33 | ||
| 2018 Q4 | 7 | $227.6M | 0 |
Holding changes this quarter
Cederberg Capital Ltd's most significant position changes for 2026-06-30: Sold out: New Oriental Educatio-sp Adr (EDU); Sold out: Petroleo Brasil-sp Pref Adr (PBR-A); New buy: Vista Energy Sab De Cv (VIST); Trim: Acm Research Inc-class A (ACMR) — shares -57.50%; Trim: Pdd Holdings Inc (PDD) — shares -90.19%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ACMR | Acm Research Inc-class A | +19.5% | -57.50% | Trim |
| 2 | CYD | China Yuchai International Limited | +9.6% | +6.82% | Add |
| 3 | NTES | Netease Inc-adr | +2.1% | -48.46% | Trim |
| 4 | VIST | Vista Energy Sab De Cv | +1.6% | NEW | New buy |
| 5 | AU | AngloGold Ashanti plc | 0% | -33.67% | Trim |
| 6 | SE | Sea Ltd-adr | -0.4% | -82.99% | Trim |
| 7 | NU | Nu Holdings Ltd. | -0.7% | -62.97% | Trim |
| 8 | SVM | Silvercorp Metals Inc | -1.4% | -49.07% | Trim |
| 9 | PBR-A | Petroleo Brasil-sp Pref Adr | -1.5% | EXIT | Sold out |
| 10 | EDU | New Oriental Educatio-sp Adr | -2.2% | EXIT | Sold out |
| 11 | ATAT | Atour Lifestyle Holdings-adr | -8.4% | -67.10% | Trim |
| 12 | PDD | Pdd Holdings Inc | -18.2% | -90.19% | Trim |
Filing History
FAQ
What is Cederberg Capital Ltd and what type of investor is it?
Cederberg Capital Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $100.4M, spread across 10 disclosed positions.
What are Cederberg Capital Ltd's largest equity positions?
Based on the latest 13F filing, Cederberg Capital Ltd's top holdings by market value are:
1. Acm Research Inc-class A (ACMR) — $32.3M (32.2%)
2. Netease Inc-adr (NTES) — $23.8M (23.7%)
3. China Yuchai International Limited (CYD) — $16.4M (16.3%)
4. Silvercorp Metals Inc (SVM) — $11.4M (11.4%)
5. Atour Lifestyle Holdings-adr (ATAT) — $9.4M (9.4%)
What changes did Cederberg Capital Ltd make in its most recent portfolio filing?
In the latest reported quarter, Cederberg Capital Ltd made 12 notable position adjustments: 1 new positions were initiated, 1 existing holdings were added to, 8 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: New Oriental Educatio-sp Adr (EDU); Sold out: Petroleo Brasil-sp Pref Adr (PBR-A); New buy: Vista Energy Sab De Cv (VIST); Trim: Acm Research Inc-class A (ACMR) — shares -57.50%; Trim: Pdd Holdings Inc (PDD) — shares -90.19%
What sectors does Cederberg Capital Ltd focus on?
Cederberg Capital Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 82.0%
• Consumer Discretionary: 9.8%
• Financials: 4.5%
• Materials: 3.6%
Investment Profile
Cederberg Capital Ltd returned an annualized 1.5% over the trailing 36 months — underperforming the S&P 500 by 9.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.78 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 82.0% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 80 over the past 4 quarters — a shift toward more active trading.
It has trimmed its PDD position for two straight quarters, cutting it by $82.8M while still holding $2.9M.
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Developer Access
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