Ashoka WhiteOak Capital Pte Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Ashoka WhiteOak Capital Pte Ltd reported 17 stock positions worth $262.6 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 60.7% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 10.4%) and Infosys Ltd.-SP ADR (INFY, 5.6%). Compared with Q3 2025, it opened 1 new position and added to 16. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +44%).
- Most Recent 13F
- Q2 2026
- Location
- Singapore, U0
- CIK
- 0002031708
- Portfolio Value
- $262.6M (Q4 2025)
- SEC Filing
- 0001172661-26-000471 ↗ filed Feb 4, 2026
Holdings Value
Holdings 17 stocks · $262.6M
| IBN Icici Bank Ltd.-Spon ADR | 60.65% | 5,338,224 | $159.3M | Add +28.9% |
| HDB HDFC Bank Ltd.-ADR | 10.43% | 750,880 | $27.4M | Add +44.1% |
| INFY Infosys Ltd.-SP ADR | 5.57% | 814,500 | $14.6M | Add +53.7% |
| ASML ASML Holding NV-NY Reg SHS | 4.00% | 9,784 | $10.5M | Add +69.3% |
| MELI MercadoLibre Inc. | 3.88% | 5,036 | $10.2M | Add +169.3% |
| CPNG Coupang Inc. | 2.89% | 314,383 | $7.6M | Add +404.1% |
| SCCO Southern Copper Corp. | 2.08% | 37,529 | $5.5M | New |
| TBBB BBB Foods Inc. Class A | 1.82% | 143,200 | $4.8M | Add +147.8% |
| AUGO Aura Minerals Inc. | 1.69% | 87,030 | $4.4M | Add +270.3% |
| GRAB Grab Holdings Ltd. Class A | 1.49% | 772,510 | $3.9M | Add +132.0% |
| HCC Warrior Met Coal Inc. | 1.44% | 42,722 | $3.8M | Add +46.7% |
| BAP Credicorp Ltd. | 1.01% | 9,125 | $2.6M | Add +65.6% |
| BZ Kanzhun Ltd. - ADR | 0.90% | 115,020 | $2.4M | Add +1.9% |
| TME Tencent Music Entertainm-ADR | 0.85% | 126,620 | $2.2M | Add +2.0% |
| PAC Grupo Aeroportuario Pac-ADR | 0.67% | 6,700 | $1.8M | Add +91.4% |
| YUMC Yum China Holdings Inc. | 0.51% | 28,350 | $1.3M | Add +0.7% |
| EPAM Epam Systems Inc. | 0.13% | 1,680 | $347K | Add +1.7% |
Portfolio Sells Q3 2025 → Q4 2025
| None this quarter. | |||
Portfolio Buys Q3 2025 → Q4 2025
| HDB HDFC Bank Ltd.-ADR | Add +44.1% | 10.43% | +2.34 |
| SCCO Southern Copper Corp. | New | 2.08% | +2.08 |
| CPNG Coupang Inc. | Add +404.1% | 2.89% | +2.07 |
| MELI MercadoLibre Inc. | Add +169.3% | 3.88% | +2.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +69.3% | 4.00% | +1.80 |
| AUGO Aura Minerals Inc. | Add +270.3% | 1.69% | +1.35 |
| TBBB BBB Foods Inc. Class A | Add +147.8% | 1.82% | +1.21 |
| HCC Warrior Met Coal Inc. | Add +46.7% | 1.44% | +0.71 |
| GRAB Grab Holdings Ltd. Class A | Add +132.0% | 1.49% | +0.68 |
| BAP Credicorp Ltd. | Add +65.6% | 1.01% | +0.42 |
| PAC Grupo Aeroportuario Pac-ADR | Add +91.4% | 0.67% | +0.34 |
| EPAM Epam Systems Inc. | Add +1.7% | 0.13% | +0.03 |
| YUMC Yum China Holdings Inc. | Add +0.7% | 0.51% | +0.03 |
| BZ Kanzhun Ltd. - ADR | Add +1.9% | 0.90% | −0.15 |
| TME Tencent Music Entertainm-ADR | Add +2.0% | 0.85% | −0.32 |
| INFY Infosys Ltd.-SP ADR | Add +53.7% | 5.57% | −1.00 |
| IBN Icici Bank Ltd.-Spon ADR | Add +28.9% | 60.65% | −13.60 |
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 |