Yiheng Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACM RESH INC	COM CL A	00108J109	19,359,990	1,654,700	SH	Call	SOLE		0	0	0
ACM RESH INC	COM CL A	00108J109	3,536,910	302,300	SH		SOLE		302,300	0	0
AKERO THERAPEUTICS INC	COM	00973Y108	6,266,988	163,800	SH	Call	SOLE		0	0	0
AKERO THERAPEUTICS INC	COM	00973Y108	43,072,764	1,125,791	SH		SOLE		1,125,791	0	0
ATRENEW INC	SPONSORED ADS	00138L108	498,602	163,476	SH		SOLE		163,476	0	0
BEAM THERAPEUTICS INC	COM	07373V105	14,201,556	463,800	SH		SOLE		463,800	0	0
BILIBILI INC	SPONS ADS REP Z	090040106	264,849,653	11,270,198	SH		SOLE		11,270,198	0	0
BILIBILI INC	SPONS ADS REP Z	090040106	348,718,850	14,839,100	SH	Call	SOLE		0	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	1,274,025	200,004	SH		SOLE		200,004	0	0
DENALI THERAPEUTICS INC	COM	24823R105	23,378,319	1,014,684	SH		SOLE		1,014,684	0	0
GENERATION BIO CO	COM	37148K100	6,887,594	1,601,766	SH		SOLE		1,601,766	0	0
GRAVITAS EDUCATION HLDGS INC	SPON ADS	74979W200	932,966	68,050	SH		SOLE		68,050	0	0
H WORLD GROUP LTD	SPONSORED ADS	44332N106	136,341,708	2,783,620	SH		SOLE		2,783,620	0	0
HIMAX TECHNOLOGIES INC	SPONSORED ADR	43289P106	9,640,668	1,185,814	SH		SOLE		1,185,814	0	0
HOLLYSYS AUTOMATION TCHNGY L	SHS	G45667105	68,693,278	3,963,836	SH		SOLE		3,963,836	0	0
INDIE SEMICONDUCTOR INC	CLASS A COM	45569U101	24,900,332	2,360,221	SH		SOLE		2,360,221	0	0
INVENTIVA SA	ADS	46124U107	9,627,531	2,644,926	SH		SOLE		2,644,926	0	0
IVERIC BIO INC	COM	46583P102	52,151,282	2,143,497	SH		SOLE		2,143,497	0	0
JD.COM INC	SPON ADR CL A	47215P106	86,539,669	1,971,740	SH		SOLE		1,971,740	0	0
JD.COM INC	SPON ADR CL A	47215P106	823,446,624	18,761,600	SH	Call	SOLE		0	0	0
JIANPU TECHNOLOGY INC	ADS COMMON	47738D309	39,581	25,702	SH		SOLE		25,702	0	0
KEROS THERAPEUTICS INC	COM	492327101	23,662,248	554,151	SH		SOLE		554,151	0	0
NEW ORIENTAL ED & TECHNOLOGY	SPON ADR	647581206	46,725,822	1,210,200	SH	Call	SOLE		0	0	0
NEW ORIENTAL ED & TECHNOLOGY	SPON ADR	647581206	132,921,334	3,442,666	SH		SOLE		3,442,666	0	0
NIU TECHNOLOGIES	ADS	65481N100	4,813,475	1,162,675	SH		SOLE		1,162,675	0	0
NOAH HLDGS LTD	SPON ADS CL A	65487X102	104,155,691	6,719,722	SH		SOLE		6,719,722	0	0
ROBLOX CORP	CL A	771049103	45,352,165	1,008,274	SH		SOLE		1,008,274	0	0
SABRE CORP	COM	78573M104	44,709,273	10,421,742	SH		SOLE		10,421,742	0	0
SEQUANS COMMUNICATIONS S A	SPONSORED ADS	817323207	1,168,520	584,260	SH		SOLE		584,260	0	0
SMART GLOBAL HLDGS INC	SHS	G8232Y101	1,367,132	79,300	SH	Call	SOLE		0	0	0
SMART GLOBAL HLDGS INC	SHS	G8232Y101	50,926,822	2,953,992	SH		SOLE		2,953,992	0	0
TAL EDUCATION GROUP	SPONSORED ADS	874080104	18,065,303	2,818,300	SH		SOLE		2,818,300	0	0
TRANSDIGM GROUP INC	COM	893641100	74,672,010	101,312	SH		SOLE		101,312	0	0
VIRIDIAN THERAPEUTICS INC	COM	92790C104	31,253,905	1,228,534	SH		SOLE		1,228,534	0	0
ZHIHU INC	ADS	98955N108	4,595,308	3,618,353	SH		SOLE		3,618,353	0	0