Polunin Capital Partners Ltd reported 22 positions worth $459.13M for the quarter ended Sep 30, 2026, up 12.9% on the prior quarter. It opened 4 new positions, added to 3, trimmed 8 and exited 0. Its largest holding is StoneCo Ltd. at 14.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| EPAM EPAM Systems, Inc. | +417.9K | – | $47.58M | 10.36% |
| STNE StoneCo Ltd. | +2.19M | +62.4% | $25.41M | 14.4% |
| PAGS PagSeguro Digital Ltd. | +1.22M | +24.7% | $12.99M | 14.27% |
| DXC DXC Technology Co | +688.3K | – | $8.52M | 1.85% |
| GLOB Globant S.A. | +227.4K | – | $8.43M | 1.84% |
| BZUN Baozun Inc. | +95.4K | +158.4% | $310.22K | 0.11% |
| YB Yuanbao Inc. | +18.0K | – | $221.00K | 0.048% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ACMR ACM Research, Inc. | -17.1K | -2.3% | $1.21M | 11.28% |
| JD JD.com, Inc. | -43.2K | -2.2% | $1.16M | 11.28% |
| YMM Full Truck Alliance Co. Ltd. | -63.5K | -2.0% | $528.96K | 5.51% |
| BIDU Baidu, Inc. | -5,800 | -2.0% | $486.75K | 5.07% |
| ATHM Autohome Inc. | -19.6K | -1.6% | $399.25K | 5.39% |
| CSIQ Canadian Solar Inc. | -34.5K | -1.6% | $380.01K | 5% |
| WB WEIBO Corp | -55.1K | -1.9% | $354.85K | 4.03% |
| DQ Daqo New Energy Corp. | -29.9K | -1.7% | $320.52K | 3.93% |
No positions were closed this quarter.
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | STNE StoneCo Ltd. | Financial Services | 5.70M | $66.11M | 14.4% | +2.19M | +62.4% | Added | 2.14% |
| 2 | PAGS PagSeguro Digital Ltd. | Financial Services | 6.13M | $65.52M | 14.27% | +1.22M | +24.7% | Added | 2.08% |
| 3 | ACMR ACM Research, Inc. | Technology | 731.4K | $51.78M | 11.28% | -17.1K | -2.3% | Reduced | 1.05% |
| 4 | JD JD.com, Inc. | Consumer Discretionary | 1.92M | $51.77M | 11.28% | -43.2K | -2.2% | Reduced | 0.16% |
| 5 | EPAM EPAM Systems, Inc. | Technology | 417.9K | $47.58M | 10.36% | +417.9K | – | New | 0.8% |
| 6 | YMM Full Truck Alliance Co. Ltd. | Technology | 3.04M | $25.28M | 5.51% | -63.5K | -2.0% | Reduced | 0.29% |
| 7 | ATHM Autohome Inc. | Technology | 1.21M | $24.74M | 5.39% | -19.6K | -1.6% | Reduced | 1.05% |
| 8 | BIDU Baidu, Inc. | Technology | 277.6K | $23.30M | 5.07% | -5,800 | -2.0% | Reduced | 0.08% |
| 9 | CSIQ Canadian Solar Inc. | Industrials | 2.09M | $22.98M | 5% | -34.5K | -1.6% | Reduced | 3.1% |
| 10 | WB WEIBO Corp | Technology | 2.87M | $18.49M | 4.03% | -55.1K | -1.9% | Reduced | 1.2% |
| 11 | DQ Daqo New Energy Corp. | Basic Materials | 1.69M | $18.06M | 3.93% | -29.9K | -1.7% | Reduced | 2.49% |
| 12 | HIMX Himax Technologies, Inc. | Technology | 697.0K | $9.24M | 2.01% | 0 | 0.0% | Unchanged | 7.99% |
| 13 | DXC DXC Technology Co | Technology | 688.3K | $8.52M | 1.85% | +688.3K | – | New | 0.44% |
| 14 | GLOB Globant S.A. | Technology | 227.4K | $8.43M | 1.84% | +227.4K | – | New | 0.51% |
| 15 | TUYA Tuya Inc. | Technology | 2.96M | $5.03M | 1.1% | 0 | 0.0% | Unchanged | 0.48% |
Tip. Select a row to see that position’s full history at Polunin Capital Partners.
As of its Q3 2026 13F filing, Polunin Capital Partners Ltd’s five largest positions were StoneCo Ltd. (STNE) at 14.4%, PagSeguro Digital Ltd. (PAGS) at 14.3%, ACM Research, Inc. (ACMR) at 11.3%, JD.com, Inc. (JD) at 11.3%, EPAM Systems, Inc. (EPAM) at 10.4% of the reported portfolio.
Polunin Capital Partners Ltd reported a 13F portfolio worth $459.13M across 22 positions for Q3 2026. That is up 12.9% from the previous quarter.
Its largest purchases by value were EPAM Systems, Inc. ($47.58M), StoneCo Ltd. ($25.41M), PagSeguro Digital Ltd. ($12.99M). It opened 4 new positions.
Its largest sales by value were ACM Research, Inc. ($1.21M), JD.com, Inc. ($1.16M), Full Truck Alliance Co. Ltd. ($528.96K). It exited 0 positions entirely.
From the Form 13F-HR reports Polunin Capital Partners Ltd files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.