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Livermore
Livermore
ZHEN

SC China Holding Ltd

SEC CIK
0001470766
Latest filing
Aug 13, 2026

The latest 13F from SC China Holding Ltd covers Q2 2026 (filed Aug 13, 2026): 20 long positions worth $1.20B. The top 10 holdings make up 97.2% of the portfolio, and the largest is PDD Holdings Inc. (PDD) at 72.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$24.8M
Added
0
Reduced
0
Sold out
2
Est. −$55.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. PDDPDD Holdings Inc.
    72.3%$865.7MHistory
  2. FUTUFutu Holdings Ltd
    5.8%$69.4MHistory
  3. PONYPony AI Inc.
    4.4%$52.4MHistory
  4. CRCLCircle Internet Group, Inc.
    3.5%$41.9MHistory
  5. BEKEKE Holdings Inc.
    2.4%$28.2MHistory

Share of portfolio

Top 5 holdings and the other 15 positions, by share of portfolio value

  1. PDD72.3%
  2. FUTU5.8%
  3. PONY4.4%
  4. CRCL3.5%
  5. BEKE2.4%
  6. Other 15 positions11.7%

Biggest buys

New and added positions, by estimated amount bought

  1. GYREGyre Therapeutics, Inc.
    +$24.7MNewHistory
  2. YMTYimutian Inc.
    +$121.6KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GYREGyre Therapeutics, Inc.
    +2.06 pp0.0% → 2.1%History
  2. YMTYimutian Inc.
    +0.01 pp0.0% → <0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BULLWebull Corp
    −$55.2MSold outHistory
  2. YMTYimutian Inc.
    −$543.8KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. BULLWebull Corp
    −3.65 pp3.7% → 0.0%History
  2. YMTYimutian Inc.
    −0.04 pp<0.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.20B
−$315.4M (−20.9%) vs. prior quarter
Positions
20
0 vs. prior quarter
Top 10 concentration
97.2%
Top 10 as share of value
Turnover
1.8%
Q2 2026, one quarter
Average holding period
19.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.71B (Q2 2024)

Q1 2021: $1.35BQ2 2021: $1.44BQ3 2021: $1.11BQ4 2021: $1.12BQ1 2022: $801.2MQ2 2022: $1.08BQ3 2022: $932.2MQ4 2022: $986.7MQ1 2023: $951.8MQ2 2023: $874.3MQ3 2023: $932.5MQ4 2023: $869.4MQ1 2024: $1.08BQ2 2024: $2.71BQ3 2024: $2.58BQ4 2024: $2.38BQ1 2025: $1.70BQ2 2025: $1.94BQ3 2025: $1.92BQ4 2025: $1.71BQ1 2026: $1.51BQ2 2026: $1.20B
Q1 2021Q2 2026
13F filings of SC China Holding Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202620$1.20BPDDFUTUPONYvs. Q1 2026SEC
Q1 2026May 15, 202620$1.51BPDDPONYFUTUvs. Q4 2025SEC
Q4 2025Feb 13, 202619$1.71BPDDFUTUPony AI Inc.vs. Q3 2025SEC
Q3 2025Nov 14, 202519$1.92BPDDFUTUBULLvs. Q2 2025SEC
Q2 2025Aug 14, 202519$1.94BPDDFUTUBULLvs. Q1 2025SEC
Q1 2025May 13, 202517$1.70BPDDBEKEFUTUvs. Q4 2024SEC
Q4 2024Feb 14, 202518$2.38BPDDBZFUTUvs. Q3 2024SEC
Q3 2024Nov 13, 202418$2.58BPDDYMMBZvs. Q2 2024SEC
Q2 2024Aug 13, 202417$2.71BPDDBZYMMvs. Q1 2024SEC
Q1 2024May 15, 202418$1.08BYMMBZPDDvs. Q4 2023SEC
Q4 2023Feb 14, 202419$869.4MPDDYMMBZvs. Q3 2023SEC
Q3 2023Nov 14, 202320$932.5MBZYMMPDDvs. Q2 2023SEC
Q2 2023Aug 14, 202320$874.3MBZYMMPDDvs. Q1 2023SEC
Q1 2023May 15, 202319$951.8MBZYMMPDDvs. Q4 2022SEC
Q4 2022Feb 14, 202319$986.7MBZYMMPDDvs. Q3 2022SEC
Q3 2022Nov 14, 202220$932.2MYMMBZBEKEvs. Q2 2022SEC
Q2 2022Aug 15, 202221$1.08BYMMBZBEKEvs. Q1 2022SEC
Q1 2022May 16, 202221$801.2MYMMBEKENOAHvs. Q4 2021SEC
Q4 2021Feb 14, 202221$1.12BYMMDIDIYPDDvs. Q3 2021SEC
Q3 2021Nov 15, 202119$1.11BFUTURLXPDDvs. Q2 2021SEC
Q2 2021Aug 16, 202116$1.44BFUTUPDDNOAHvs. Q1 2021SEC
Q1 2021May 17, 202114$1.35BFUTUPDDBEKE–SEC

13D and 13G filings

Companies where SC China Holding Ltd reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

5 companies, largest stake first.

Companies where SC China Holding Ltd owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
YMTYimutian Inc.13G17.10%430.3M sharesNewNov 14, 20251 filingNov 14, 2025SEC
COE51Talk Online Education Group13D/A11.50%28.5M shares–Dec 5, 20251 filingDec 5, 2025SEC
AMBRAmber International Holding Ltd13G9.50%41.0M sharesNewJun 17, 20261 filingJun 17, 2026SEC
PONYPony AI Inc.13G/A7.40%22.6M shares−2.60 ppfrom 10.00%Aug 14, 20252 filingsNov 14, 2025SEC
YXTYxt.com Group Holding Ltd13G5.00%8.18M sharesNewFeb 14, 20251 filingFeb 14, 2025SEC

Latest filings

14 filings on file made by SC China Holding Ltd or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by SC China Holding Ltd
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
AMBRAmber International Holding LtdJun 17, 20264:30 PM ETSC China Holding Ltdand 6 others13G9.50%41.0M sharesNewJun 10, 2026SEC
COE51Talk Online Education GroupDec 5, 20258:46 PM ETSC China Holding Ltdand 8 others13D/A11.50%28.5M shares–Dec 3, 2025SEC
YMTYimutian Inc.Nov 14, 20257:00 AM ETSC China Holding Ltdand 6 others13G17.10%430.3M sharesNewSep 30, 2025SEC
PONYPony AI Inc.Nov 14, 20257:00 AM ETSC China Holding Ltdand 8 others13G/A7.40%22.6M shares−2.60 ppfrom 10.00%Sep 30, 2025SEC
PONYPony AI Inc.Aug 14, 20254:05 PM ETSC China Holding Ltdand 8 others13G/A10.00%27.5M shares–Jun 30, 2025SEC
NOAHNoah Holdings LtdAug 14, 20254:05 PM ETSC China Holding Ltdand 6 others13G/A4.90%16.4M shares–Below 5%Jun 30, 2025SEC
AIJTYJianpu Technology Inc.Feb 18, 20256:39 PM ETHongShan Capital Growth Fund III, L.P.and 9 others13D/A16.60%62.3M shares–Feb 12, 2025SEC
YXTYxt.com Group Holding LtdFeb 14, 20254:05 PM ETSC China Holding Ltdand 5 others13G5.00%8.18M sharesNewDec 31, 2024SEC
THCHTH International LtdFeb 14, 2024SC China Holding Ltd13G/AOld format–––SEC
YMMFull Truck Alliance Co. Ltd.Feb 14, 2024SC China Holding Ltd13G/AOld format–––SEC
DDLDingdong (Cayman) LtdFeb 14, 2024SC China Holding Ltd13G/AOld format–––SEC
NOAHNoah Holdings LtdFeb 14, 2024SC China Holding Ltd13G/AOld format–––SEC
BNRBurning Rock Biotech LtdFeb 14, 2024SC China Holding Ltd13G/AOld format–––SEC
THCHTH International LtdFeb 14, 2023SC China Holding Ltd13GOld format–New–SEC