Perseverance Asset Management International 13F annual report
Perseverance Asset Management International is an investment fund managing more than $762 billion ran by Kejun Zhu. There are currently 19 companies in Zhu’s portfolio. The largest investments include PDD Inc and H World Group Ltd, together worth $311 billion.
$762 billion Assets Under Management (AUM)
As of 6th August 2024, Perseverance Asset Management International’s top holding is 1,585,106 shares of PDD Inc currently worth over $211 billion and making up 27.6% of the portfolio value.
Relative to the number of outstanding shares of PDD Inc, Perseverance Asset Management International owns more than approximately 0.1% of the company.
In addition, the fund holds 3,022,976 shares of H World Group Ltd worth $101 billion.
The third-largest holding is NetEase Inc worth $76.7 billion and the next is iQIYI Inc worth $51.1 billion, with 13,920,207 shares owned.
Currently, Perseverance Asset Management International's portfolio is worth at least $762 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Perseverance Asset Management International
The Perseverance Asset Management International office and employees reside in George Town, Cayman Islands. According to the last 13-F report filed with the SEC, Kejun Zhu serves as the Chief Compliance Officer at Perseverance Asset Management International.
Recent trades
In the most recent 13F filing, Perseverance Asset Management International revealed that it had opened a new position in
Eli Lilly Co and bought 287 shares worth $260 million.
The investment fund also strengthened its position in PDD Inc by buying
447,154 additional shares.
This makes their stake in PDD Inc total 1,585,106 shares worth $211 billion.
PDD Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Perseverance Asset Management International is getting rid of from its portfolio.
Perseverance Asset Management International closed its position in Tesla Inc on 13th August 2024.
It sold the previously owned 50,000 shares for $8.79 billion.
Kejun Zhu also disclosed a decreased stake in Zto Express Cayman Inc by 0.5%.
This leaves the value of the investment at $35.1 billion and 1,690,592 shares.
One of the average hedge funds
The two most similar investment funds to Perseverance Asset Management International are Baxter Bros Inc and Cabot Wealth Management Inc. They manage $763 billion and $763 billion respectively.
Kejun Zhu investment strategy
Perseverance Asset Management International’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 36.2% of
the total portfolio value.
The fund focuses on investments in the China as
36.8% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
42% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $387 billion.
The complete list of Perseverance Asset Management International trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| PDD Holdings Inc |
39.29%
1,585,106
|
$210,739,843,000 | 27.64% |
| H World Group Ltd |
93.22%
3,022,976
|
$100,725,561,000 | 13.21% |
| NetEase Inc |
124.15%
802,943
|
$76,745,292,000 | 10.07% |
| iQIYI Inc |
18.07%
13,920,207
|
$51,087,160,000 | 6.70% |
| Meta Platforms Inc |
1,900.00%
100,000
|
$50,422,000,000 | 6.61% |
| Tencent Music Entmt Group |
1.49%
3,541,221
|
$49,754,155,000 | 6.53% |
| Yum China Holdings Inc |
90.52%
1,321,849
|
$40,765,823,000 | 5.35% |
| Zto Express Cayman Inc |
47.75%
1,690,592
|
$35,079,784,000 | 4.60% |
| KE Holdings Inc. |
86.05%
2,214,554
|
$31,335,939,000 | 4.11% |
| Microsoft Corporation |
No change
65,000
|
$29,051,750,000 | 3.81% |
| Rlx Technology Inc |
2.21%
14,411,052
|
$26,516,335,000 | 3.48% |
| Trip.com Group Ltd |
76.98%
470,081
|
$22,093,807,000 | 2.90% |
| Atour Lifestyle Hldgs Ltd |
13.00%
914,813
|
$16,786,819,000 | 2.20% |
| Amer Sports Inc |
187.70%
838,746
|
$10,543,037,000 | 1.38% |
| Tesla Inc |
Closed
50,000
|
$8,789,500,000 | |
| Kanzhun Limited |
Closed
325,223
|
$5,701,160,000 | |
| Alphabet Inc |
55.56%
20,000
|
$3,668,400,000 | 0.48% |
| Alibaba Group Hldg Ltd |
33.66%
38,838
|
$2,796,336,000 | 0.37% |
| TAL Education Group |
60.89%
242,860
|
$2,591,316,000 | 0.34% |
| New Oriental Ed Technology |
No change
19,602
|
$1,523,663,000 | 0.20% |
| Baidu Inc |
Closed
11,385
|
$1,198,612,000 | |
| Eli Lilly Co |
Opened
287
|
$259,844,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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