PA
Perseverance Asset Management International 13F Holdings (28 Positions, Q2 2026)
Perseverance Asset Management InternationalCIK: 0001802695
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$979.0M
Reporting period: 2026-06-30 · Number of holdings: 28
Perseverance Asset Management International disclosed 28 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $979.0M and a quarterly turnover rate of 50.4%.
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Personality snowflake
- Concentration
- 59.85
- Portfolio Stability
- 50.36
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 38
- Sizing Uniformity
- 86.05
Perseverance Asset Management International's disclosed holdings carry a Herfindahl concentration index of 0.150 — mathematically equivalent to about 7 equally-sized positions, well below its 28 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 1.39), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 8.7 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 63% 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 BZ
+175.2% $94.4M
Add TSM
+11.6% $87.2M
Trim PDD
+0.1% -$55.8M
Trim HTHT
+3.9% -$26.9M
Trim NVDA
-72.4% -$34.6M
Add MU
+283.5% $36.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 19 holdings (of 28 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 24.32% | +7.72% | +11.64% | |
| 2 | HTHT | H World Group Ltd-adr | Stock-Other | 17.20% | -4.28% | +3.95% | |
| 3 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 16.86% | -7.44% | +0.08% | |
| 4 | BZ | Kanzhun LTD - Adr | Stock-Other | 15.51% | +9.19% | +175.17% | |
| 5 | TCOM | Trip.com Group Ltd-adr | Stock-Consumer Disc | 4.21% | +0.51% | +53.20% | |
| 6 | MU | Micron Technology Inc | Stock-Tech | 4.06% | +3.73% | +283.48% | |
| 7 | SNDK | Sandisk CORP | Stock-Tech | 3.72% | +3.34% | +192.02% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.61% | +0.45% | — | |
| 9 | YUMC | Yum China Holdings Inc | Stock-Consumer Disc | 3.49% | -0.34% | +17.24% | |
| 10 | BEKE | Ke Holdings Inc-adr | Stock-Other | 2.45% | +0.16% | +18.77% | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 1.64% | -3.92% | -72.41% | |
| 12 | RLX | Rlx Technology Inc-adr | Stock-Other | 1.43% | -0.38% | -1.80% | |
| 13 | NTES | Netease Inc-adr | Stock-Comm Services | 0.52% | -1.57% | -76.47% | |
| 14 | IQ | Iqiyi Inc-adr | Stock-Other | 0.41% | -0.30% | -18.75% | |
| 15 | YSG | Yatsen Holding Ltd-adr | Stock-Other | 0.17% | -0.01% | — | |
| 16 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.17% | +0.17% | NEW | |
| 17 | WRD | Weride Inc-adr | Stock-Other | 0.15% | +0.15% | NEW | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 0.05% | +0.05% | NEW | |
| 19 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.03% | +0.03% | NEW |
Portfolio Performance
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+5%
- Stdev
- +27.9%
- Beta
- +0.55
- Alpha
- +6.3%
- Max Drawdown
- -21.8%
- Annualized Perf
- +14.7%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.23
- Stutzer
- +0.19
- Treynor
- +0.32
- Sterling
- +0.58
- Calmar
- +0.67
- Information Ratio
- -0.1
- Tracking Error
- +27.6%
- Stdev Down
- +14.1%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +35.1%
- Worst 12 Months
- -9.6%
- Efficiency Ratio
- +0.25
- Sharpe
- +0.62
- Stdev Sectors
- +22.3%
- Skewness
- +1.24
- Kurtosis
- +2.73
- Upside Potential
- +3.05
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 28 | $979.0M | 50 | ||
| 2026 Q1 | 33 | $909.0M | 62 | ||
| 2025 Q4 | 19 | $682.5M | 25 | ||
| 2025 Q3 | 23 | $582.0M | 77 | ||
| 2025 Q2 | 15 | $397.4M | 0 | ||
| 2025 Q1 | 34 | $765.5M | 100 | ||
| 2024 Q4 | 30 | $742.0M | 0 | ||
| 2024 Q3 | 29 | $867.8M | 0 | ||
| 2024 Q2 | 32 | $762.5M | 0 | ||
| 2024 Q1 | 35 | $553.8M | 0 | ||
| 2023 Q4 | 33 | $419.8M | 0 | ||
| 2023 Q3 | 30 | $386.4M | 0 | ||
| 2023 Q2 | 22 | $331.0M | 0 | ||
| 2023 Q1 | 23 | $301.8M | 0 | ||
| 2022 Q4 | 25 | $222.9M | 0 | ||
| 2022 Q3 | 23 | $166.2M | 0 | ||
| 2022 Q2 | 20 | $242.2M | 0 | ||
| 2022 Q1 | 13 | $129.6M | 0 | ||
| 2021 Q4 | 17 | $161.2M | 0 | ||
| 2021 Q3 | 32 | $212.5M | 0 | ||
| 2021 Q2 | 34 | $311.8M | 45 | ||
| 2021 Q1 | 38 | $411.1M | 35 | ||
| 2020 Q4 | 31 | $424.1M | 59 | ||
| 2020 Q3 | 32 | $275.0M | 30 | ||
| 2020 Q2 | 29 | $274.0M | 52 | ||
| 2020 Q1 | 26 | $221.0M | 92 | ||
| 2019 Q4 | 22 | $156.5M | 0 |
Holding changes this quarter
Perseverance Asset Management International's most significant position changes for 2026-06-30: Sold out: Futu Holdings Ltd-adr (FUTU); Sold out: Lumentum Holdings Inc (LITE); Sold out: Xpeng Inc - Adr (XPEV); Sold out: Mosaic Co/the (MOS); Sold out: Advanced Micro Devices (AMD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BZ | Kanzhun LTD - Adr | +9.2% | +175.17% | Add |
| 2 | TSM | Taiwan Semiconductor-sp Adr | +7.7% | +11.64% | Add |
| 3 | MU | Micron Technology Inc | +3.7% | +283.48% | Add |
| 4 | SNDK | Sandisk CORP | +3.3% | +192.02% | Add |
| 5 | TCOM | Trip.com Group Ltd-adr | +0.5% | +53.20% | Add |
| 6 | GOOG | Alphabet Inc-cl C | +0.5% | — | Unchanged |
| 7 | VRT | Vertiv Holdings Co-a | +0.2% | NEW | New buy |
| 8 | BEKE | Ke Holdings Inc-adr | +0.2% | +18.77% | Add |
| 9 | WRD | Weride Inc-adr | +0.2% | NEW | New buy |
| 10 | V | Visa Inc-class A Shares | +0.1% | NEW | New buy |
| 11 | BABA | Alibaba Group Holding-sp Adr | 0% | NEW | New buy |
| 12 | YSG | Yatsen Holding Ltd-adr | 0% | — | Unchanged |
| 13 | NIO | Nio Inc - Adr | -0.1% | EXIT | Sold out |
| 14 | IQ | Iqiyi Inc-adr | -0.3% | -18.75% | Trim |
| 15 | YUMC | Yum China Holdings Inc | -0.3% | +17.24% | Add |
| 16 | RLX | Rlx Technology Inc-adr | -0.4% | -1.80% | Trim |
| 17 | AMD | Advanced Micro Devices | -0.7% | EXIT | Sold out |
| 18 | MOS | Mosaic Co/the | -0.8% | EXIT | Sold out |
| 19 | XPEV | Xpeng Inc - Adr | -1.5% | EXIT | Sold out |
| 20 | NTES | Netease Inc-adr | -1.6% | -76.47% | Trim |
| 21 | LITE | Lumentum Holdings Inc | -1.9% | EXIT | Sold out |
| 22 | FUTU | Futu Holdings Ltd-adr | -2.3% | EXIT | Sold out |
| 23 | NVDA | Nvidia CORP | -3.9% | -72.41% | Trim |
| 24 | HTHT | H World Group Ltd-adr | -4.3% | +3.95% | Add |
| 25 | PDD | Pdd Holdings Inc | -7.4% | +0.08% | Add |
Filing History
FAQ
What is Perseverance Asset Management International and what type of investor is it?
Perseverance Asset Management International 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 $979.0M, spread across 28 disclosed positions.
What are Perseverance Asset Management International's largest equity positions?
Based on the latest 13F filing, Perseverance Asset Management International's top holdings by market value are:
1. Taiwan Semiconductor-sp Adr (TSM) — $238.1M (24.3%)
2. H World Group Ltd-adr (HTHT) — $168.4M (17.2%)
3. Pdd Holdings Inc (PDD) — $165.0M (16.9%)
4. Kanzhun LTD - Adr (BZ) — $151.8M (15.5%)
5. Trip.com Group Ltd-adr (TCOM) — $41.2M (4.2%)
What changes did Perseverance Asset Management International make in its most recent portfolio filing?
In the latest reported quarter, Perseverance Asset Management International made 23 notable position adjustments: 4 new positions were initiated, 9 existing holdings were added to, 4 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Futu Holdings Ltd-adr (FUTU); Sold out: Lumentum Holdings Inc (LITE); Sold out: Xpeng Inc - Adr (XPEV); Sold out: Mosaic Co/the (MOS); Sold out: Advanced Micro Devices (AMD)
What sectors does Perseverance Asset Management International focus on?
Perseverance Asset Management International is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 53.8%
• Consumer Discretionary: 39.2%
• Communication Services: 6.6%
• Industrials: 0.3%
• Financials: 0.1%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Perseverance Asset Management International returned an annualized 14.7% over the trailing 36 months — outperforming the S&P 500 by 6.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.55 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 53.8% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 50 over the past 4 quarters — a shift toward more active trading.
It has added to its TSM position over the past two quarters (+$229.3M, now $238.1M), while trimming HTHT over the same stretch (-$75.0M, still holding $168.4M).
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