Q3 2026 13F · SEC CIK 1629869
Polunin Capital Partners Ltd
Hedge fundFiled 2026-10-20 for Q3 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $496.8M
- Reported positions
- 24
- Top holdings a year, 3 yrs
- +10.4%
- Assets under management
- $8.0B
Polunin Capital Partners Ltd is a hedge fund that reported 24 positions worth $496.8M in its Q3 2026 13F, filed 2026-10-20. Its largest holdings were Stoneco Ltd (STNE, 13.3%), Pagseguro Digital Ltd (PAGS, 13.2%), ACM Research, Inc. (ACMR, 10.4%). A portfolio copying its top holdings returned 10.4% a year over the last 3 years, against 20.4% for the S&P 500.
Polunin Capital Partners Ltd holdings all 24 positions.
Weights are shares of the filer's total reported 13F value, compared with Q2 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 |
|---|---|---|---|
| STNEStoneco Ltd | 13.3% | +62.4% | $66.1M |
| PAGSPagseguro Digital Ltd | 13.2% | +24.7% | $65.5M |
| ACMRACM Research, Inc. | 10.4% | -2.3% | $51.8M |
| JDJd.com Inc | 10.4% | -2.2% | $51.8M |
| EPAMEPAM Systems Inc | 9.6% | — | $47.6M |
| BTGB2gold Corp | 7.4% | — | $36.9M |
| YMMFull Truck ADR | 5.1% | -2.0% | $25.3M |
| ATHMAutohome Inc | 5.0% | -1.6% | $24.7M |
| BIDUBaidu Inc | 4.7% | -2.0% | $23.3M |
| CSIQCanadian Solar Inc | 4.6% | -1.6% | $23.0M |
| WBWeibo Corp | 3.7% | -1.9% | $18.5M |
| DQDaqo New Energy Corp | 3.6% | -1.7% | $18.1M |
| HIMXHimax Technologies Inc | 1.9% | +0.0% | $9.2M |
| DXCDxc Technology Co | 1.7% | — | $8.5M |
| GLOBGlobant S A | 1.7% | — | $8.4M |
| TUYATuya Inc | 1.0% | +0.0% | $5.0M |
| MOMOHello Group Inc | 0.8% | +0.0% | $3.9M |
| GAUGaliano Gold Inc | 0.8% | +0.0% | $3.9M |
| PPLTAbrdn Platinum ETF Trust | 0.7% | +0.0% | $3.6M |
| ASHRDbx ETF Tr | 0.1% | +0.0% | $745K |
| BZUNBaozun Inc | 0.1% | +158.4% | $506K |
| YBYuanbao Inc | 0.0% | — | $221K |
| MXMagnachip Semiconductor Corp | 0.0% | +0.0% | $189K |
| CANCanaan Inc | 0.0% | +0.0% | $22K |
What Polunin Capital Partners Ltd bought and sold in Q3 2026, against Q2 2026.
New positions
- EPAM EPAM Systems Inc9.6% of 13F
- BTG B2gold Corp7.4% of 13F
- DXC Dxc Technology Co1.7% of 13F
- GLOB Globant S A1.7% of 13F
- YB Yuanbao Inc0.0% of 13F
Added to
- BZUN Baozun Inc+158.4% shares
- STNE Stoneco Ltd+62.4% shares
- PAGS Pagseguro Digital Ltd+24.7% shares
Reduced
No position shrank by more than 5%.
Sold out
Nothing sold out.
Share counts compared with the Q2 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -7.5% /yr
- S&P 500 +20.1%
- 3 years
- +10.4% /yr
- S&P 500 +20.4%
- 5 years
- -2.0% /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 |
|---|---|---|
| Q3 2026 | $496.8M | 24 |
| Q2 2026 | $407.4M | 19 |
| Q1 2026 | $385.4M | 16 |
| Q4 2025 | $649.1M | 24 |
| Q3 2025 | $680.0M | 24 |
| Q2 2025 | $611.9M | 27 |
| Q1 2025 | $495.0M | 27 |
| Q4 2024 | $404.4M | 25 |
| Q3 2024 | $427.4M | 26 |
| Q2 2024 | $586.7M | 26 |
| Q1 2024 | $657.4M | 24 |
| Q4 2023 | $534.0M | 27 |
Questions about Polunin Capital Partners Ltd's portfolio
What stocks does Polunin Capital Partners Ltd own?
Polunin Capital Partners Ltd's latest 13F, for Q3 2026 and filed Oct 20, 2026, lists 24 positions worth $496.8M. The largest are Stoneco Ltd (STNE) at 13.3%, Pagseguro Digital Ltd (PAGS) at 13.2%, ACM Research, Inc. (ACMR) at 10.4%, Jd.com Inc (JD) at 10.4% and EPAM Systems Inc (EPAM) at 9.6%.
What did Polunin Capital Partners Ltd buy last quarter?
In Q3 2026, Polunin Capital Partners Ltd added a new position in EPAM Systems Inc (EPAM), a new position in B2gold Corp (BTG), a new position in Dxc Technology Co (DXC), a new position in Globant S A (GLOB), a new position in Yuanbao Inc (YB), Baozun Inc (BZUN) (+158.4% shares), Stoneco Ltd (STNE) (+62.4% shares) and Pagseguro Digital Ltd (PAGS) (+24.7% shares), compared with its Q2 2026 filing.
What did Polunin Capital Partners Ltd sell last quarter?
Polunin Capital Partners Ltd sold out of nothing and cut no large position by more than 5% in Q3 2026.
How has Polunin Capital Partners Ltd's portfolio performed?
A portfolio copying Polunin Capital Partners Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -7.5% against +20.1%. Over 5 years: -2.0% a year against +11.6%.
When is Polunin Capital Partners Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Polunin Capital Partners Ltd's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.
How much money does Polunin Capital Partners Ltd manage?
Polunin Capital Partners Ltd reported $8.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $496.8M.