True Light Capital Pte.
SINGAPORE, U0files as True Light Capital Pte. Ltd.
$152m in 8 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 5.8% of the portfolio this quarter.
Value
$152m
Stocks
8
Top 10 share
100.0%
Turnover
5.8%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- PDD HoldingsPDD29.6% of the fund-6%
- Yum China HoldingsYUMC10.2% of the fund-29%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- PDD HoldingsPDD
- Share
- 29.6%
- Value
- $45m
- Shares
- 589,064
-6%
- H World GroupHTHT
- Share
- 18.5%
- Value
- $28m
- Shares
- 671,736
Held
- Alibaba Group HldgBABA
- Share
- 16.9%
- Value
- $26m
- Shares
- 267,275
Held
- Trip COM GroupTCOM
- Share
- 9.8%
- Value
- $15m
- Shares
- 373,751
Held
- Netease.comNTES
- Share
- 4.1%
- Value
- $6m
- Shares
- 48,754
Held
- Beone MedicinesONC
- Share
- 0.7%
- Value
- $991,696
- Shares
- 3,480
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| PDD HoldingsPDD | 29.6% | $45m | 589,064 | -6% |
| H World GroupHTHT | 18.5% | $28m | 671,736 | Held |
| Alibaba Group HldgBABA | 16.9% | $26m | 267,275 | Held |
| Yum China HoldingsYUMC | 10.2% | $16m | 379,886 | -29% |
| Amer SportsAS | 10.2% | $15m | 457,150 | Held |
| Trip COM GroupTCOM | 9.8% | $15m | 373,751 | Held |
| Netease.comNTES | 4.1% | $6m | 48,754 | Held |
| Beone MedicinesONC | 0.7% | $991,696 | 3,480 | Held |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is down 31.5% since 31 December 2025.
Where the money is
Retail & consumer20.4%
Other79.6%
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.