Polunin Capital Partners Limited
Polunin Capital Partners Limited is an SEC-registered investment adviser based in London, United Kingdom that reports managing 1 hedge fund on Form ADV. It reports $8.0 billion in regulatory assets under management. Its private funds, of all types, hold $3.8 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated -4.8% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +15.4% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $8.0 billionForm ADV Item 5.F
- Gross assets of private funds
- $3.8 billionAll private fund types, Form ADV
- Hedge funds managed
- 13 private funds in total
- Employees
- 17Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 159031
- Latest Form ADV
- 03/30/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +5.5% | +14.8% |
| Q1 2026 | -9.8% | -4.6% |
| Q4 2025 | -12.7% | +2.4% |
| Q3 2025 | +25.9% | +7.8% |
| Q2 2025 | +1.4% | +10.4% |
| Q1 2025 | +12.6% | -4.5% |
| Q4 2024 | -10.2% | +2.1% |
| Q3 2024 | +7.5% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Acm Resh Inc Com CL A$77.1 million
- JD Com Inc Spons ADR$55.5 million
- Pagseguro Digital LTD$45.5 million
- Stoneco LTD$39.3 million
- Baidu Inc$33.3 million
- Canadian Solar Inc$31.8 million
- Full Truck Alliance Co LTD$26.6 million
- Autohome Inc$25.1 million
- Weibo Corp$22.6 million
- Daqo New Energy Corp$21.3 million
As of 2026-06-30, from 13F filing by Polunin Capital Partners Ltd.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures