Gao Yi Asset's US stock holdings exposed, increasing positions in PDD, KE, and others

Recently, Gao Yi Asset disclosed its U.S. stock holdings as of the end of 2025 to the U.S. Securities and Exchange Commission (SEC). The data shows that as of the end of 2025, Gao Yi Asset held stocks in 13 companies in the U.S. stock market, with a total market value exceeding $600 million. From the situation of the top ten holdings, Chinese concept stocks are a key focus, and in the fourth quarter of last year, Gao Yi Asset increased its positions in PDD, KE, and also newly purchased shares in Yatsen. Public information from the U.S. Securities and Exchange Commission shows that as of the end of 2025, the top ten holdings of Gao Yi Asset in U.S. stocks were Huazhu Group, PDD, Google, Yum China, KE, Wuxi AppTec, NetEase, iQIYI, TSMC, and ISHARES TR, with Chinese concept stocks dominating. As of the end of last year, Gao Yi Asset held 1.333 million shares of PDD, a significant increase of 629,000 shares compared to the end of the third quarter of last year. (Shanghai Securities Journal)