Ashoka WhiteOak Capital Pte Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Ashoka WhiteOak Capital Pte Ltd reported 16 stock positions worth $257.0 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 74.2% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 8.1%) and Infosys Ltd.-SP ADR (INFY, 6.6%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 2 and reduced 2. The biggest buy was Kanzhun Ltd. - ADR (BZ, shares +73%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- Singapore, U0
- CIK
- 0002031708
- Portfolio Value
- $257.0M (Q3 2025)
- SEC Filing
- 0001172661-25-004309 ↗ filed Oct 17, 2025
Holdings Value
Holdings 16 stocks · $257.0M
| IBN Icici Bank Ltd.-Spon ADR | 74.25% | 4,139,763 | $190.8M | Reduce -4.6% |
| HDB HDFC Bank Ltd.-ADR | 8.09% | 521,000 | $20.8M | Reduce -27.7% |
| INFY Infosys Ltd.-SP ADR | 6.57% | 530,000 | $16.9M | No change |
| ASML ASML Holding NV-NY Reg SHS | 2.20% | 5,780 | $5.7M | No change |
| MELI MercadoLibre Inc. | 1.85% | 1,870 | $4.8M | Add +27.2% |
| TME Tencent Music Entertainm-ADR | 1.17% | 124,100 | $3.0M | No change |
| BZ Kanzhun Ltd. - ADR | 1.05% | 112,900 | $2.7M | Add +72.6% |
| CPNG Coupang Inc. | 0.82% | 62,363 | $2.1M | No change |
| GRAB Grab Holdings Ltd. Class A | 0.81% | 333,000 | $2.1M | No change |
| HCC Warrior Met Coal Inc. | 0.73% | 29,120 | $1.9M | No change |
| TBBB BBB Foods Inc. Class A | 0.62% | 57,800 | $1.6M | No change |
| BAP Credicorp Ltd. | 0.59% | 5,510 | $1.5M | No change |
| YUMC Yum China Holdings Inc. | 0.48% | 28,150 | $1.2M | No change |
| AUGO Aura Minerals Inc. | 0.34% | 23,500 | $874K | New |
| PAC Grupo Aeroportuario Pac-ADR | 0.33% | 3,500 | $852K | No change |
| EPAM Epam Systems Inc. | 0.10% | 1,652 | $260K | No change |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $425.3M | PAC, IBN, ASML, CTSH, HDB |
| Q1 2026 | 18 | $263.5M | IBN, CTSH, HDB, ASML, HCC |
| Q4 2025 | 17 | $262.6M | IBN, HDB, INFY, ASML, MELI |
| Q3 2025 | 16 | $257.0M | IBN, HDB, INFY, ASML, MELI |
| Q2 2025 | 16 | $294.4M | IBN, HDB, INFY, ASML, MELI |
| Q1 2025 | 15 | $244.8M | IBN, HDB, INFY, ASML, MELI |
| Q4 2024 | 14 | $181.1M | IBN, INFY, YUMC, TME, MELI |