Charles-Lim Capital Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Charles-Lim Capital Ltd reported 7 stock positions worth $368.6 million. Its top holding was Sea Ltd.-ADR (SE) at 26.0% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 22.1%) and PDD (PDD, 15.4%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 2 and reduced 4. The biggest buy was Sea Ltd.-ADR (SE, shares +173%) and the biggest sale an exit from Microsoft (MSFT).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001634255
- Portfolio Value
- $368.6M (Q4 2025)
- SEC Filing
- 0001634255-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 7 stocks · $368.6M
| SE Sea Ltd.-ADR | 25.95% | 750,000 | $95.7M | Add +172.7% |
| HDB HDFC Bank Ltd.-ADR | 22.05% | 2,225,000 | $81.3M | Add +11.3% |
| PDD PDD Holdings Inc. | 15.38% | 500,000 | $56.7M | Reduce -16.7% |
| V Visa Inc. Class A | 14.27% | 150,000 | $52.6M | Reduce -25.0% |
| IBN Icici Bank Ltd.-Spon ADR | 13.14% | 1,625,000 | $48.4M | Reduce -27.8% |
| TSM Taiwan Semiconductor-SP ADR | 4.95% | 60,000 | $18.2M | Reduce -40.0% |
| MA Mastercard Inc. Class A | 4.26% | 27,500 | $15.7M | New |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 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 |