YR
Yong Rong Quarterly 13F Portfolio Update (Q2 2026)
Yong RongCIK: 0001738071
High-turnover traderConcentrated strategySector-focused
Total reported value
$118.6M
Reporting period: 2026-06-30 · Number of holdings: 15
Yong Rong disclosed 15 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $118.6M and a quarterly turnover rate of 167.5%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 30
- Sizing Uniformity
- 75.95
Yong Rong's disclosed holdings carry a Herfindahl concentration index of 0.427 — mathematically equivalent to about 2 equally-sized positions, well below its 15 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 2.41), 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 5.9 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy TSM
Trim CRCL
-77.0% -$93.4M
Sold out MU
Sold out KORU
Add PDD
+240.0% $7.9M
Sold out G5294K110
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 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 62.40% | +62.40% | NEW | |
| 2 | CRCL | Circle Internet Group Inc | Stock-Financials | 14.03% | -34.43% | -76.96% | |
| 3 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 10.93% | +8.68% | +240.00% | |
| 4 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 6.36% | +6.36% | NEW | |
| 5 | ✓ | Sunrise New Energy Co LTD | Stock-Other | 3.60% | +1.22% | — | |
| 6 | ISPR | Ispire Technology Inc | Stock-Other | 1.42% | +0.20% | +0.01% | |
| 7 | GRPN | Groupon, Inc. | Stock-Other | 0.38% | +0.38% | NEW | |
| 8 | VOO | Vanguard S&P 500 ETF | ETF-Large Cap & Growth | 0.25% | +0.25% | NEW | |
| 9 | ✓ | Pdd Holdings Inc | Stock-Other | 0.24% | +0.08% | +4000.00% | |
| 10 | ✓ | Alphabet Inc | Stock-Other | 0.19% | +0.19% | NEW | |
| 11 | COIN | Coinbase Global, Inc. | Stock-Financials | 0.08% | +0.08% | NEW | |
| 12 | BABA | Alibaba Group Holding Limited | Stock-Consumer Disc | 0.06% | +0.06% | NEW | |
| 13 | CRCL | Circle Internet Group | Stock-Financials | 0.04% | -3.55% | +66.67% | |
| 14 | MSTR | Strategy Inc | Stock-Tech | 0.01% | +0.01% | NEW | |
| 15 | POET | Poet Technologies Inc | Stock-Other | — | — | NEW |
Portfolio Performance
Performance for Q3 2026
-13.7%
Performance Last 4 Quarters
-7.4%
Based on 90% of reported portfolio value with available pricing
- Stdev
- +48.1%
- Beta
- +2.31
- Alpha
- -19.6%
- Max Drawdown
- -35%
- Annualized Perf
- +17.3%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.05
- Stutzer
- +0.17
- Treynor
- +0.12
- Sterling
- +0.47
- Calmar
- +0.49
- Information Ratio
- +0.16
- Tracking Error
- +41.3%
- Stdev Down
- +25.4%
- Winning Months %
- +52.8%
- Losing Months %
- +47.2%
- Best 12 Months
- +71%
- Worst 12 Months
- -27.3%
- Efficiency Ratio
- +0.17
- Sharpe
- +0.55
- Stdev Sectors
- +26.9%
- Skewness
- +0.76
- Kurtosis
- +1.24
- Upside Potential
- +2.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 15 | $118.6M | 100 | ||
| 2026 Q1 | 10 | $227.0M | 100 | ||
| 2025 Q4 | 23 | $329.8M | 100 | ||
| 2025 Q3 | 21 | $488.4M | 100 | ||
| 2025 Q2 | 18 | $414.7M | 0 | ||
| 2025 Q1 | 26 | $430.0M | 100 | ||
| 2024 Q4 | 24 | $230.7M | 0 | ||
| 2024 Q3 | 23 | $344.5M | 0 | ||
| 2024 Q2 | 17 | $291.3M | 0 | ||
| 2024 Q1 | 20 | $375.8M | 0 | ||
| 2023 Q4 | 16 | $266.4M | 0 | ||
| 2023 Q3 | 14 | $108.7M | 0 | ||
| 2023 Q2 | 21 | $228.0M | 0 | ||
| 2023 Q1 | 16 | $178.4M | 0 | ||
| 2022 Q4 | 15 | $158.9M | 0 | ||
| 2022 Q3 | 8 | $31.2M | 0 | ||
| 2022 Q2 | 18 | $128.3M | 0 | ||
| 2022 Q1 | 7 | $70.8M | 0 | ||
| 2021 Q4 | 16 | $126.6M | 0 | ||
| 2021 Q3 | 14 | $152.5M | 0 | ||
| 2021 Q2 | 18 | $402.1M | 100 | ||
| 2021 Q1 | 15 | $364.8M | 100 | ||
| 2020 Q4 | 16 | $371.4M | 100 | ||
| 2020 Q3 | 10 | $146.8M | 92 | ||
| 2020 Q2 | 14 | $113.9M | 100 | ||
| 2020 Q1 | 14 | $60.9M | 90 | ||
| 2019 Q4 | 14 | $75.3M | 100 | ||
| 2019 Q3 | 13 | $81.5M | 100 | ||
| 2019 Q2 | 19 | $69.4M | 100 | ||
| 2019 Q1 | 25 | $325.0M | 100 | ||
| 2018 Q4 | 18 | $148.2M | 97 | ||
| 2018 Q3 | 20 | $265.9M | 100 | ||
| 2018 Q2 | 22 | $215.4M | 100 | ||
| 2018 Q1 | 24 | $135.6M | 100 | ||
| 2017 Q4 | 12 | $242.1M | — |
Holding changes this quarter
Yong Rong's most significant position changes for 2026-06-30: New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Micron Technology Inc (MU); Sold out: Direxion Dly M Sk Bull 3x-ui (KORU); Sold out: Junee Limited; Sold out: Sandisk CORP (SNDK).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +62.4% | NEW | New buy |
| 2 | PDD | Pdd Holdings Inc | +8.7% | +240.00% | Add |
| 3 | GDX | Vaneck Gold Miners ETF | +6.4% | NEW | New buy |
| 4 | ✓ | Sunrise New Energy Co LTD | +1.2% | — | Unchanged |
| 5 | GRPN | Groupon, Inc. | +0.4% | NEW | New buy |
| 6 | VOO | Vanguard S&P 500 ETF | +0.3% | NEW | New buy |
| 7 | ISPR | Ispire Technology Inc | +0.2% | +0.01% | Add |
| 8 | ✓ | Alphabet Inc | +0.2% | NEW | New buy |
| 9 | COIN | Coinbase Global, Inc. | +0.1% | NEW | New buy |
| 10 | ✓ | Pdd Holdings Inc | +0.1% | +4000.00% | Add |
| 11 | BABA | Alibaba Group Holding Limited | +0.1% | NEW | New buy |
| 12 | MSTR | Strategy Inc | 0% | NEW | New buy |
| 13 | POET | Poet Technologies Inc | — | NEW | New buy |
| 14 | CRCL | Circle Internet Group | -3.6% | +66.67% | Add |
| 15 | SNDK | Sandisk CORP | -5.6% | EXIT | Sold out |
| 16 | ✓ | Junee Limited | -7.5% | EXIT | Sold out |
| 17 | KORU | Direxion Dly M Sk Bull 3x-ui | -8.8% | EXIT | Sold out |
| 18 | MU | Micron Technology Inc | -20.1% | EXIT | Sold out |
| 19 | CRCL | Circle Internet Group Inc | -34.4% | -76.96% | Trim |
Filing History
FAQ
What is Yong Rong and what type of investor is it?
Yong Rong 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 $118.6M, spread across 15 disclosed positions.
What are Yong Rong's largest equity positions?
Based on the latest 13F filing, Yong Rong's top holdings by market value are:
1. Taiwan Semiconductor-sp Adr (TSM) — $74.0M (62.4%)
2. Circle Internet Group Inc (CRCL) — $16.6M (14.0%)
3. Pdd Holdings Inc (PDD) — $13.0M (10.9%)
4. Vaneck Gold Miners ETF (GDX) — $7.5M (6.4%)
5. Sunrise New Energy Co LTD — $4.3M (3.6%)
What changes did Yong Rong make in its most recent portfolio filing?
In the latest reported quarter, Yong Rong made 18 notable position adjustments: 9 new positions were initiated, 4 existing holdings were added to, 1 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Micron Technology Inc (MU); Sold out: Direxion Dly M Sk Bull 3x-ui (KORU); Sold out: Junee Limited; Sold out: Sandisk CORP (SNDK)
What sectors does Yong Rong focus on?
Yong Rong is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 71.3%
• Financials: 16.2%
• Consumer Discretionary: 12.6%
Investment Profile
Yong Rong returned an annualized 17.3% over the trailing 36 months — underperforming the S&P 500 by 19.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 2.31 (more volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 71.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has trimmed its SUNRISE NEW ENERGY CO LTD position for two straight quarters, cutting it by $2.6M while still holding $4.3M.
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