Serenity Capital Management Pte.
Singapore, U0files as SERENITY CAPITAL MANAGEMENT PTE. LTD.
$332m in 11 US stocks at the end of 30 June 2026. The top 10 are 98.0% of the money. It changed about 12.5% of the portfolio this quarter.
Value
$332m
Stocks
11
Top 10 share
98.0%
Turnover
12.5%
What changed this quarter
New
Bought for the first time this quarter.
- China Yuchai InternationalCYD5.0% of the fund
Added
Bought more of a stock they already held.
- New Oriental Education & Technology GroupEDU10.6% of the fund+17%
Cut
Sold some of their stake.
- MattelMAT4.2% of the fund-50%
- H World GroupHTHT3.3% of the fund-73%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- ZTO Express CaymanZTO
- Share
- 34.1%
- Value
- $113m
- Shares
- 5,056,987
Held
- TAL ED GroupTAL
- Share
- 13.7%
- Value
- $45m
- Shares
- 4,730,377
Held
- Full Truck AllianceYMM
- Share
- 9.0%
- Value
- $30m
- Shares
- 3,687,779
Held
- PDD HoldingsPDD
- Share
- 8.3%
- Value
- $27m
- Shares
- 360,000
Held
- Miniso Group HldgMNSO
- Share
- 7.8%
- Value
- $26m
- Shares
- 2,141,535
Held
- H World GroupHTHT
- Share
- 3.3%
- Value
- $11m
- Shares
- 258,668
-73%
- Atour Lifestyle HldgsATAT
- Share
- 2.1%
- Value
- $7m
- Shares
- 215,000
Held
- Alibaba Group HldgBABA
- Share
- 2.0%
- Value
- $7m
- Shares
- 70,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| ZTO Express CaymanZTO | 34.1% | $113m | 5,056,987 | Held |
| TAL ED GroupTAL | 13.7% | $45m | 4,730,377 | Held |
| New Oriental Education & Technology GroupEDU | 10.6% | $35m | 767,324 | +17% |
| Full Truck AllianceYMM | 9.0% | $30m | 3,687,779 | Held |
| PDD HoldingsPDD | 8.3% | $27m | 360,000 | Held |
| Miniso Group HldgMNSO | 7.8% | $26m | 2,141,535 | Held |
| China Yuchai InternationalCYD | 5.0% | $16m | 347,134 | New |
| MattelMAT | 4.2% | $14m | 1,000,000 | -50% |
| H World GroupHTHT | 3.3% | $11m | 258,668 | -73% |
| Atour Lifestyle HldgsATAT | 2.1% | $7m | 215,000 | Held |
| Alibaba Group HldgBABA | 2.0% | $7m | 70,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 40.6% since 30 June 2025.
Where the money is
Retail & consumer14.8%
Industrials5.0%
Other80.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.