Charles-Lim Capital Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Charles-Lim Capital Ltd reported 7 stock positions worth $392.1 million. Its top holding was PDD (PDD) at 20.2% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 17.4%) and Visa Class A (V, 17.4%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 2 and reduced 3. The biggest buy was a new position in PDD (PDD) and the biggest sale Sea Ltd.-ADR (SE, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001634255
- Portfolio Value
- $392.1M (Q3 2025)
- SEC Filing
- 0001634255-25-000008 ↗ filed Nov 13, 2025
Holdings Value
Holdings 7 stocks · $392.1M
| PDD PDD Holdings Inc. | 20.23% | 600,000 | $79.3M | New |
| HDB HDFC Bank Ltd.-ADR | 17.43% | 2,000,000 | $68.3M | Reduce -33.3% |
| V Visa Inc. Class A | 17.41% | 200,000 | $68.3M | Add +166.7% |
| IBN Icici Bank Ltd.-Spon ADR | 17.35% | 2,250,000 | $68.0M | Add +80.0% |
| SE Sea Ltd.-ADR | 12.54% | 275,000 | $49.2M | Reduce -57.7% |
| MSFT Microsoft Corp. | 7.93% | 60,000 | $31.1M | New |
| TSM Taiwan Semiconductor-SP ADR | 7.12% | 100,000 | $27.9M | Reduce -50.0% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 6 | $319.4M | SE, TSM, HDB, CPNG, V |
| Q1 2026 | 5 | $301.3M | SE, HDB, TSM, PDD, CPNG |
| Q4 2025 | 7 | $368.6M | SE, HDB, PDD, V, IBN |
| Q3 2025 | 7 | $392.1M | PDD, HDB, V, IBN, SE |
| Q2 2025 | 7 | $401.2M | HDB, SE, EL, TSM, IBN |
| Q1 2025 | 7 | $339.4M | HDB, SE, IBN, MA, CRWD |
| Q4 2024 | 6 | $399.3M | HDB, SE, EL, TSM, IBN |
| Q3 2024 | 5 | $351.7M | HDB, SE, V, EL, LVS |
| Q2 2024 | 6 | $407.5M | HDB, V, LVS, MA, SE |
| Q1 2024 | 6 | $300.1M | HDB, TSLA, SE, LVS, V |