Perseverance Asset Management International
Long book
$909.0M
Q1 2026
Positions
21
Top-10 weight
89%
concentration
Last quarter
-1.7%
SPY +14.8%
Turnover
52%
of book per quarter
Strategy in plain words
auto-generated from filingsPerseverance Asset Management International is a concentrated fundamental stock-picker, running a $909.0M US long book across 21 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PDD HOLDINGS INC, H WORLD GROUP LTD-ADR, TAIWAN SEMICONDUCTOR-SP ADR, KANZHUN LTD - ADR, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+7.8%
Q3 2024
-10.7%
Q4 2024
+9.7%
Q1 2025
-3.2%
Q2 2025
+17.3%
Q3 2025
+5.5%
Q4 2025
-3.3%
Q1 2026
-1.7%
Sector allocation
Technology 72%
Consumer discretionary 23%
Other 5%
Long book by quarter
What does Perseverance Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 290.0K | $50.6M | 5.6% | New |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 714.0K | $34.8M | 3.8% | Held |
| GOOG ALPHABET INC-CL C | Technology | 100.0K | $28.7M | 3.2% | -66.7% |
| LITE LUMENTUM HOLDINGS INC | Technology | 25.0K | $17.6M | 1.9% | New |
| MOS MOSAIC CO/THE | Other | 300.0K | $7.7M | 0.8% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 30.0K | $6.1M | 0.7% | New |
| SNDK SANDISK CORP | Technology | 5.5K | $3.5M | 0.4% | New |
| MU MICRON TECHNOLOGY INC | Technology | 9.0K | $3.0M | 0.3% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 33 | $909.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 19 | $682.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 23 | $582.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 15 | $397.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 34 | $765.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 30 | $742.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 29 | $867.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 32 | $762.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 35 | $553.8M | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP