Polunin Capital Partners Ltd

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
10/7/2025
Form type
13F-HR
Num holdings
24
Total value ($000)
$680,046
Net value change ($000)
+68,138 (11.1%)
New positions
2
Sold out positions
5
Turnover %
24.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/10/2025 Next filing: 1/20/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BABA 105,727 68.6%
DQ 37,183 NEW
BIDU 27,511 88.6%
PAGSEGURO DIGITAL LTD 6,129 17.4%
BVN 4,124 50.9%
STNE 3,862 6.8%
JD 3,166 4.8%
HUYA 3,108 60.5%
NIU 2,786 73.0%
CGAU 2,105 56.1%
Top Reduces (Value $000, Stocks/ETFs)
BRFSN -66,813 -100.0%
UGP -31,398 -100.0%
HSAI -26,921 -100.0%
WB -5,481 -100.0%
TAL -966 -100.0%
HIMX -603 -8.6%
MX -331 -22.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type