Yunqi Capital Ltd
Long book
$92.4M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+26.3%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsYunqi Capital Ltd is a diversified fundamental manager, specialised in healthcare (66% of the long book), running a $92.4M US long book across 4 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: STAAR SURGICAL CO, LUFAX HOLDING LTD-ADR, AGORA INC-ADR, PONY AI INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+13.7%
Q2 2024
+22.7%
Q3 2024
+7.3%
Q4 2024
+5.0%
Q1 2025
-4.3%
Q2 2025
+23.2%
Q3 2025
-22.8%
Q4 2025
-19.5%
Q1 2026
+26.3%
Sector allocation
Healthcare 100%
Long book by quarter
What does Yunqi Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| STAA STAAR SURGICAL CO | Healthcare | 3.3M | $60.9M | 65.9% | +29.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 4 | $92.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 6 | $125.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 21, 2025 | 6 | $170.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 5 | $140.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 4 | $101.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 5 | $156.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 6 | $175.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 8 | $158.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 5 | $144.6M | canonical | SEC ↗ |