Q2 2026 13F · SEC CIK 1861244
Cederberg Capital Ltd
Asset managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $100.4M
- Reported positions
- 10
- Top holdings a year, 3 yrs
- +5.2%
- Average holding period
- 2.0 yrs
Cederberg Capital Ltd is an asset manager that reported 10 positions worth $100.4M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were ACM Research, Inc. (ACMR, 32.2%), Netease Inc Sp ADR (NTES, 23.7%), China Yuchai Intl Ltd (CYD, 16.3%). A portfolio copying its top holdings returned 5.2% a year over the last 3 years, against 20.4% for the S&P 500.
Cederberg Capital Ltd holdings all 10 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| ACMRACM Research, Inc. | 32.2% | -57.5% | $32.3M |
| NTESNetease Inc Sp ADR | 23.7% | -48.5% | $23.8M |
| CYDChina Yuchai Intl Ltd | 16.3% | +6.8% | $16.4M |
| SVMSilvercorp Metals Inc | 11.4% | -49.1% | $11.4M |
| ATATAtour Lifestyle Hldgs Ltd | 9.4% | -67.1% | $9.4M |
| PDDPdd Holdings Inc | 2.9% | -90.2% | $2.9M |
| VISTVista Energy S.a.b. de C.v. | 1.6% | — | $1.6M |
| NUNu Hldgs Ltd | 1.3% | -63.0% | $1.3M |
| AUAnglogold Ashanti PLC | 1.1% | -33.7% | $1.1M |
| SESea Ltd | 0.2% | -83.0% | $240K |
What Cederberg Capital Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- VIST Vista Energy S.a.b. de C.v.1.6% of 13F
Added to
- CYD China Yuchai Intl Ltd+6.8% shares
Reduced
- PDD Pdd Holdings Inc-90.2% shares
- SE Sea Ltd-83.0% shares
- ATAT Atour Lifestyle Hldgs Ltd-67.1% shares
- NU Nu Hldgs Ltd-63.0% shares
- ACMR ACM Research, Inc.-57.5% shares
- SVM Silvercorp Metals Inc-49.1% shares
- NTES Netease Inc Sp ADR-48.5% shares
- AU Anglogold Ashanti PLC-33.7% shares
Sold out
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -2.1% /yr
- S&P 500 +20.1%
- 3 years
- +5.2% /yr
- S&P 500 +20.4%
- 5 years
- -18.7% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $100.4M | 10 |
| Q1 2026 | $186.3M | 11 |
| Q4 2025 | $308.0M | 9 |
| Q3 2025 | $350.2M | 10 |
| Q2 2025 | $272.3M | 8 |
| Q1 2025 | $258.9M | 8 |
| Q4 2024 | $294.6M | 8 |
| Q3 2024 | $386.0M | 9 |
| Q2 2024 | $304.2M | 5 |
| Q1 2024 | $360.7M | 6 |
| Q4 2023 | $434.6M | 6 |
| Q3 2023 | $357.0M | 6 |
Questions about Cederberg Capital Ltd's portfolio
What stocks does Cederberg Capital Ltd own?
Cederberg Capital Ltd's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 10 positions worth $100.4M. The largest are ACM Research, Inc. (ACMR) at 32.2%, Netease Inc Sp ADR (NTES) at 23.7%, China Yuchai Intl Ltd (CYD) at 16.3%, Silvercorp Metals Inc (SVM) at 11.4% and Atour Lifestyle Hldgs Ltd (ATAT) at 9.4%.
What did Cederberg Capital Ltd buy last quarter?
In Q2 2026, Cederberg Capital Ltd added a new position in Vista Energy S.a.b. de C.v. (VIST) and China Yuchai Intl Ltd (CYD) (+6.8% shares), compared with its Q1 2026 filing.
What did Cederberg Capital Ltd sell last quarter?
In Q2 2026, Cederberg Capital Ltd sold all of New Oriental Education & Technology Grou (EDU), sold all of Petroleo Brasileiro S A (PBR-A), Pdd Holdings Inc (PDD) (-90.2% shares), Sea Ltd (SE) (-83.0% shares) and Atour Lifestyle Hldgs Ltd (ATAT) (-67.1% shares), compared with its Q1 2026 filing.
How has Cederberg Capital Ltd's portfolio performed?
A portfolio copying Cederberg Capital Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +5.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -2.1% against +20.1%. Over 5 years: -18.7% a year against +11.6%.
When is Cederberg Capital Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Cederberg Capital Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.