Q2 2026 13F · SEC CIK 1470766
HSG Holding Ltd
Investment managerFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $1.2B
- Reported positions
- 20
- Top holdings a year, 3 yrs
- -10.1%
- Average holding period
- 6.8 yrs
HSG Holding Ltd is an investment manager that reported 20 positions worth $1.2B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Pdd Holdings Inc (PDD, 72.3%), Futu Holdings Ltd (FUTU, 5.8%), Pony Ai Inc (PONY, 4.4%). A portfolio copying its top holdings returned -10.1% a year over the last 3 years, against 20.4% for the S&P 500.
HSG Holding Ltd holdings all 20 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| PDDPdd Holdings Inc | 72.3% | +0.0% | $865.7M |
| FUTUFutu Holdings Ltd | 5.8% | +0.0% | $69.4M |
| PONYPony Ai Inc | 4.4% | +0.0% | $52.4M |
| CRCLCircle Internet Group Inc | 3.5% | +0.0% | $41.9M |
| BEKEKe Hldgs Inc | 2.4% | +0.0% | $28.2M |
| GYREGyre Therapeutics Inc | 2.1% | — | $24.7M |
| BZKanzhun Limited | 2.0% | +0.0% | $24.5M |
| AVBPArrivent Biopharma Inc | 1.9% | +0.0% | $23.0M |
| DDLDingdong Cayman Ltd | 1.6% | +0.0% | $19.5M |
| GPCRStructure Therapeutics F Unspo | 1.2% | +0.0% | $14.3M |
| COE51talk Online Education Grou | 0.6% | +0.0% | $7.6M |
| LOTLotus Technology Inc | 0.5% | +0.0% | $5.7M |
| ADAGAdagene Inc | 0.5% | +0.0% | $5.6M |
| THCHTh International Limited | 0.5% | +0.0% | $5.5M |
| BTDRBitdeer Technologies Group | 0.4% | +0.0% | $4.7M |
| LYELLyell Immunopharma Inc | 0.2% | +0.0% | $2.1M |
| BTCMSolai Limited | 0.1% | +0.0% | $1.1M |
| BRNSBarinthus Biotherapeutics Pl | 0.1% | +0.0% | $938K |
| BNRBurning Rock Biotech Ltd-Adr | 0.0% | +0.0% | $178K |
| 985915206Yimutian Inc | 0.0% | — | $122K |
What HSG Holding Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- GYRE Gyre Therapeutics Inc2.1% of 13F
- Yimutian Inc0.0% of 13F
Added to
No position grew by more than 5%.
Reduced
No position shrank by more than 5%.
Sold out
- BULL Webull Corpwas 3.4%
- Yimutian Incwas 0.0%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -28.7% /yr
- S&P 500 +20.1%
- 3 years
- -10.1% /yr
- S&P 500 +20.4%
- 5 years
- -20.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 20 |
| Q1 2026 | $1.6B | 20 |
| Q4 2025 | $1.9B | 19 |
| Q3 2025 | $1.9B | 19 |
| Q2 2025 | $1.9B | 19 |
| Q1 2025 | $1.7B | 17 |
| Q4 2024 | $2.4B | 18 |
| Q3 2024 | $2.6B | 18 |
| Q2 2024 | $2.7B | 17 |
| Q1 2024 | $1.1B | 18 |
| Q4 2023 | $869.4M | 19 |
| Q3 2023 | $932.5M | 20 |
Questions about HSG Holding Ltd's portfolio
What stocks does HSG Holding Ltd own?
HSG Holding Ltd's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 20 positions worth $1.2B. The largest are Pdd Holdings Inc (PDD) at 72.3%, Futu Holdings Ltd (FUTU) at 5.8%, Pony Ai Inc (PONY) at 4.4%, Circle Internet Group Inc (CRCL) at 3.5% and Ke Hldgs Inc (BEKE) at 2.4%.
What did HSG Holding Ltd buy last quarter?
In Q2 2026, HSG Holding Ltd added a new position in Gyre Therapeutics Inc (GYRE) and a new position in Yimutian Inc, compared with its Q1 2026 filing.
What did HSG Holding Ltd sell last quarter?
In Q2 2026, HSG Holding Ltd sold all of Webull Corp (BULL) and sold all of Yimutian Inc, compared with its Q1 2026 filing.
How has HSG Holding Ltd's portfolio performed?
A portfolio copying HSG Holding Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned -10.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -28.7% against +20.1%. Over 5 years: -20.5% a year against +11.6%.
When is HSG Holding Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. HSG Holding Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.