Managers / Q1 2026
PING CAPITAL MANAGEMENT, INC.
CIK 0001804352 · 1185 AVENUE OF THE AMERICAS, 3RD FLOOR, NEW YORK, NY, 10036 · 212-257-6850
Summary
Ping Capital Management, Inc. reported $350M in U.S.-listed holdings across 83 positions for Q1 2026.
Its largest position, Ypf Sociedad Anonima, represents 18.2% of the portfolio.
Compared with Q4 2025, the fund opened 21 new positions and exited 16.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ADR · 56.8% · $199M
- Other · 27.4% · $96M
- ETP · 12.4% · $43M
- Common Stock · 3.3% · $12M
- NY Reg Shrs · 0.1% · $345,500
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| DIREXION SHARES ETF TRUST | NEW | +105.0K | 105.0K | +$3M | $3M |
| BABAALIBABA GROUP HLDG LTD | NEW | +26.0K | 26.0K | +$3M | $3M |
| FXEINVESCO CURRENCYSHARES EURO | NEW | +19.7K | 19.7K | +$2M | $2M |
| PDDPDD HOLDINGS INC | NEW | +20.5K | 20.5K | +$2M | $2M |
| KRANESHARES TRUST | NEW | +30.0K | 30.0K | +$852,900 | $852,900 |
| BILIBILIBILI INC | NEW | +37.0K | 37.0K | +$834,720 | $834,720 |
| TENCENT MUSIC ENTMT GROUP | NEW | +75.0K | 75.0K | +$696,000 | $696,000 |
| BIDUNBAIDU INC | NEW | +6.0K | 6.0K | +$668,520 | $668,520 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | YPF SOCIEDAD ANONIMA | SPON ADR CL D | 18.18% | $64M | 1.38M |
| 2 | PAMPAMPA ENERGIA SAhistory → | SPONS ADR LVL I | 8.32% | $29M | 329.5K |
| 3 | BFPBANCO BBVA ARGENTINA S Ahistory → | SPONSORED ADS | 7.98% | $28M | 1.74M |
| 4 | GGALGRUPO FINANCIERO GALICIA S.Ahistory → | SPONSORED ADR | 6.94% | $24M | 520.5K |
| 5 | KRANESHARES TRUST | CSI CHI INTERNET | 5.33% | $19M | 656.3K |
| 6 | BMABANCO MACRO S Ahistory → | SPON ADR B | 3.80% | $13M | 172.2K |
| 7 | ISHARES INC | MSCI BRAZIL ETF | 1.95% | $7M | 177.8K |
| 8 | ISHARES TR | CHINA LG-CAP ETF | 1.66% | $6M | 162.0K |
| 9 | VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 1.58% | $6M | 73.3K |
| 10 | SUPVGRUPO SUPERVIELLE S.A.history → | SPONSORED ADR | 1.40% | $5M | 520.5K |
| 11 | DIREXION SHARES ETF TRUST | DAILY FTSE CHINA · DLY 20 YR TRESUR | 1.27% | $4M | 133.0K |
| 12 | TRANSPORTADORA DE GAS DEL SU | SPONSORED ADS B | 1.04% | $4M | 104.8K |
| 13 | BABAALIBABA GROUP HLDG LTD | SPONSORED ADS | 0.93% | $3M | 26.0K |
| 14 | JDJD.COM INC | SPON ADS CL A | 0.86% | $3M | 102.0K |
| 15 | CEPUCENTRAL PUERTO S A | SPONSORED ADR | 0.72% | $3M | 150.2K |
| 16 | UNHUNITEDHEALTH GROUP INC | COM | 0.66% | $2M | 8.6K |
| 17 | EDNEMPRESA DIST Y COMERCIAL NOR | SPON ADR | 0.66% | $2M | 77.4K |
| 18 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.64% | $2M | 3.9K |
| 19 | FXEINVESCO CURRENCYSHARES EURO | EURO SHS | 0.60% | $2M | 19.7K |
| 20 | PDDPDD HOLDINGS INC | SPONSORED ADS | 0.60% | $2M | 20.5K |
| 21 | IRSIRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 0.58% | $2M | 124.6K |
| 22 | CD8CRESUD S A C I F Y A | SPONSORED ADR | 0.54% | $2M | 149.4K |
| 23 | CORPORACION AMER ARPTS S A | COM | 0.53% | $2M | 74.0K |
| 24 | PBRPETROLEO BRASILEIRO S A | SPONSORED ADR | 0.50% | $2M | 84.9K |
| 25 | AAPLAPPLE INC | COM | 0.42% | $1M | 5.8K |
| 26 | LOMA NEGRA C I A S A MTN 14 | SPONSORED ADS | 0.40% | $1M | 126.0K |
| 27 | MLB1MERCADOLIBRE INC | COM | 0.35% | $1M | 700 |
| 28 | MSFTMICROSOFT CORP | COM | 0.32% | $1M | 3.0K |
| 29 | DISDISNEY WALT CO | COM | 0.27% | $954,162 | 9.9K |
| 30 | DBX ETF TR | XTRACK HRVST CSI | 0.26% | $913,920 | 28.0K |
| 31 | LITHIUM ARGENTINA AG | COM SHS | 0.25% | $888,440 | 133.0K |
| 32 | NVDANVIDIA CORPORATION | COM | 0.25% | $872,000 | 5.0K |
| 33 | LILI AUTO INC | SPONSORED ADS | 0.24% | $855,840 | 48.0K |
| 34 | BILIBILIBILI INC | SPONS ADS REP Z | 0.24% | $834,720 | 37.0K |
| 35 | PFEPFIZER INC | COM | 0.20% | $702,000 | 25.0K |
| 36 | TENCENT MUSIC ENTMT GROUP | SPON ADS | 0.20% | $696,000 | 75.0K |
| 37 | BIDUNBAIDU INC | SPON ADR REP A | 0.19% | $668,520 | 6.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $350M | 83 | Apr 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $348M | 78 | Feb 2, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $294M | 72 | Oct 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $411M | 74 | Jul 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $270M | 85 | May 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $413M | 84 | Jan 27, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $356M | 84 | Oct 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $327M | 76 | Aug 7, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.