Charles-Lim Capital Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Charles-Lim Capital Ltd reported 5 stock positions worth $301.3 million. Its top holding was Sea Ltd.-ADR (SE) at 48.1% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 24.8%) and Taiwan Semiconductor-SP ADR (TSM, 19.6%). Compared with Q4 2025, it opened 1 new position, sold out of 3, added to 3 and reduced 1. The biggest buy was Sea Ltd.-ADR (SE, shares +133%) and the biggest sale an exit from Visa Class A (V).

Most Recent 13F
Q2 2026
Location
CENTRAL, K3
CIK
0001634255
Portfolio Value
$301.3M (Q1 2026)
SEC Filing
0001634255-26-000003 ↗ filed May 14, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $300.1M Q1 2024 Q2 2024: $407.5M Q2 2024 Q3 2024: $351.7M Q3 2024 Q4 2024: $399.3M Q4 2024 Q1 2025: $339.4M Q1 2025 Q2 2025: $401.2M Q2 2025 Q3 2025: $392.1M Q3 2025 Q4 2025: $368.6M Q4 2025 Q1 2026: $301.3M $301.3M Q1 2026 Q2 2026: $319.4M Q2 2026

Holdings 5 stocks · $301.3M
SE Sea Ltd.-ADR 48.10% 1,750,000 $144.9M Add +133.3%
HDB HDFC Bank Ltd.-ADR 24.77% 3,000,000 $74.6M Add +34.8%
TSM Taiwan Semiconductor-SP ADR 19.63% 175,000 $59.1M Add +191.7%
PDD PDD Holdings Inc. 5.93% 175,000 $17.9M Reduce -65.0%
CPNG Coupang Inc. 1.57% 250,000 $4.7M New

Portfolio Sells Q4 2025 → Q1 2026
V Visa Inc. Class A Sold out 0.00% −14.27
IBN Icici Bank Ltd.-Spon ADR Sold out 0.00% −13.14
PDD PDD Holdings Inc. Reduce -65.0% 5.93% −9.44
MA Mastercard Inc. Class A Sold out 0.00% −4.26

Portfolio Buys Q4 2025 → Q1 2026
SE Sea Ltd.-ADR Add +133.3% 48.10% +22.14
TSM Taiwan Semiconductor-SP ADR Add +191.7% 19.63% +14.68
HDB HDFC Bank Ltd.-ADR Add +34.8% 24.77% +2.72
CPNG Coupang Inc. New 1.57% +1.57

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$319.4MSE, TSM, HDB, CPNG, V
Q1 2026 5$301.3MSE, HDB, TSM, PDD, CPNG
Q4 2025 7$368.6MSE, HDB, PDD, V, IBN
Q3 2025 7$392.1MPDD, HDB, V, IBN, SE
Q2 2025 7$401.2MHDB, SE, EL, TSM, IBN
Q1 2025 7$339.4MHDB, SE, IBN, MA, CRWD
Q4 2024 6$399.3MHDB, SE, EL, TSM, IBN
Q3 2024 5$351.7MHDB, SE, V, EL, LVS
Q2 2024 6$407.5MHDB, V, LVS, MA, SE
Q1 2024 6$300.1MHDB, TSLA, SE, LVS, V