Polunin Capital Partners Q2 2026 Portfolio Update: Key Purchases and Sales

Portfolio Activity Overview

Polunin Capital Partners Ltd reported its portfolio performance for Q2 2026 on June 30th. The fund manager demonstrated a dynamic approach to investing during this period, making several notable adjustments across different sectors.

New Positions and Significant Increases

This quarter saw Polunin Capital establishing new positions in two companies: Polunin Capital Partners Ltd added a substantial stake to its portfolio.

• The fund significantly increased its position in Weibo Corp (WB), raising the holding by an impressive 100% quarter-on-quarter. This resulted in a new allocation of approximately $22,591 for this stock.
• Polunin Capital also made a notable entry into Tuya Inc (TUYA), adding shares that increased the position by 100% in Q2. This new holding accounts for about $5,443 of the fund's value.
• Furthermore, the fund initiated a position in PPLT, investing approximately $3,595. This represents a fresh allocation to an ABRDN Platinum ETF Trust related investment.

Strategic Sales and Reductions

In addition to its buying activities, Polunin Capital also disposed of some holdings during Q2 2026:

• The fund sold a significant portion of its stake in Canaan Inc (CAN), reducing the position by an alarming -93.77% or approximately 1,120,174 shares. This exit leaves only about $23 invested in this company.

Changes to Existing Holdings

The fund manager also made adjustments to its existing portfolio positions:

• Galiano Gold Inc (GAU)'s allocation decreased slightly by -0.71% or about 1,310 shares.
• Shares of Momo Inc saw a small reduction (-2.12%) in the portfolio during Q2.
• Full Truck Alliance Co Ltd (YMM)'s stake was reduced by -54,300 shares or approximately -1.72%.

Portfolio Allocation Shifts

The changes this quarter resulted in a portfolio allocation shift favoring Technology and Communication Services sectors:

• Tech holdings, including positions in ACM Resh Inc (ACMR), JD.com Inc (JD), PagSeguro Digital Ltd (G68707101), Canadian Solar Inc (CSIQ), Tuya Inc (TUYA), and others like Himax Technologies Inc (HIMX) and Full Truck Alliance Co Ltd (YMM), remain a significant part of the portfolio.
• Communication Services, encompassing holdings in Weibo Corp (WB), Autohome Inc (ATHM), Hello Group Inc (MOMO), and BAIDU INC (BIDU), also saw notable changes.

Investment Style Analysis

Potunin Capital's Q2 2026 activity underscores its active investment style. The fund manager has a history of making substantial buying and selling decisions, as evidenced by the portfolio indicators showing 18 holdings tracked this quarter with significant changes occurring.