Keystone Investors Pte Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Keystone Investors Pte Ltd. reported 77 stock positions worth $1.4 billion. Its top holding was Nvidia (NVDA) at 11.1% of the portfolio, followed by Meta Platforms Class A (META, 8.5%) and Amazon.com (AMZN, 7.4%). Compared with Q3 2024, it opened 37 new positions, sold out of 27, added to 16 and reduced 24. The biggest buy was Amazon.com (AMZN, shares +183%) and the biggest sale PDD (PDD, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- SINGAPORE, U0
- CIK
- 0001926253
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0002024908-25-000006 ↗ filed Feb 12, 2025
Holdings Value
Holdings 77 stocks · $1.4B
| NVDA Nvidia Corp. | 11.13% | 1,186,420 | $159.3M | Reduce -22.7% |
| META Meta Platforms Inc. Class A | 8.52% | 208,248 | $121.9M | Reduce -27.0% |
| AMZN Amazon.com Inc. | 7.37% | 481,238 | $105.6M | Add +183.0% |
| SE Sea Ltd.-ADR | 6.91% | 932,634 | $99.0M | Add +11.0% |
| MMYT Makemytrip Ltd. | 6.75% | 860,996 | $96.7M | Reduce -10.8% |
| MSFT Microsoft Corp. | 5.67% | 192,533 | $81.2M | Add +131.2% |
| TCOM Trip.com Group Ltd.-ADR | 5.09% | 1,061,207 | $72.9M | Reduce -31.8% |
| KKR KKR & Co. Inc. | 4.93% | 476,797 | $70.5M | Add +10340.0% |
| YUMC Yum China Holdings Inc. | 4.72% | 1,404,273 | $67.6M | Reduce -36.6% |
| CIEN Ciena Corp. | 3.17% | 534,618 | $45.3M | New |
| CRM Salesforce Inc. | 3.07% | 131,358 | $43.9M | New |
| TER Teradyne Inc. | 2.88% | 326,881 | $41.2M | New |
| NOW ServiceNow Inc. | 2.69% | 36,344 | $38.5M | Add +506.0% |
| APO Apollo Global Management Inc. | 2.52% | 218,652 | $36.1M | New |
| ARES Ares Management Corp. Class A | 2.49% | 201,215 | $35.6M | Reduce -29.4% |
| HDB HDFC Bank Ltd.-ADR | 2.26% | 507,685 | $32.4M | Reduce -30.1% |
| TPR Tapestry Inc. | 1.85% | 406,262 | $26.5M | New |
| FICO Fair Isaac Corp. | 1.80% | 12,913 | $25.7M | Add +56.6% |
| WMT Walmart Inc. | 1.79% | 283,548 | $25.6M | New |
| DDOG Datadog Inc. Class A | 1.71% | 171,378 | $24.5M | Add +11.2% |
| ISRG Intuitive Surgical Inc. | 0.91% | 25,065 | $13.1M | New |
| RCL Royal Caribbean Cruises Ltd. | 0.89% | 55,124 | $12.7M | Reduce -19.3% |
| TPG TPG Inc. | 0.89% | 202,181 | $12.7M | New |
| STEP Stepstone Group Inc. Class A | 0.87% | 214,478 | $12.4M | Reduce -62.1% |
| LLY Eli Lilly & Co. | 0.75% | 13,933 | $10.8M | Add +1657.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.58% | 42,205 | $8.3M | Add +18.1% |
| PGR Progressive Corp. | 0.51% | 30,279 | $7.3M | Reduce -22.0% |
| YMM Full Truck Alliance -SPN ADR | 0.45% | 591,952 | $6.4M | New |
| FWONK Liberty Media Corp. Class C | 0.36% | 55,119 | $5.1M | Reduce -94.3% |
| HTHT H World Group Ltd.-ADR | 0.32% | 137,800 | $4.6M | Add +35.1% |
| NTES Netease Inc.-ADR | 0.29% | 46,674 | $4.2M | New |
| HUBS HubSpot Inc. | 0.27% | 5,575 | $3.9M | Add +83.6% |
| CDNS Cadence Design SYS Inc. | 0.27% | 12,746 | $3.8M | New |
| GEV GE Vernova Inc. | 0.26% | 11,519 | $3.8M | Reduce -72.6% |
| LYV Live Nation Entertainment Inc. | 0.26% | 29,076 | $3.8M | New |
| PDD PDD Holdings Inc. | 0.26% | 37,805 | $3.7M | Reduce -97.0% |
| DKS Dick's Sporting Goods Inc. | 0.25% | 15,540 | $3.6M | New |
| CTSH Cognizant Tech Solutions-A | 0.25% | 46,230 | $3.6M | New |
| CNI Canadian Natl Railway Co. | 0.23% | 32,138 | $3.3M | Reduce -9.9% |
| GM General Motors Co. | 0.22% | 59,345 | $3.2M | New |
| SNPS Synopsys Inc. | 0.21% | 6,172 | $3.0M | Reduce -38.1% |
| ADSK Autodesk Inc. | 0.20% | 9,850 | $2.9M | Add +28.2% |
| DECK Deckers Outdoor Corp. | 0.20% | 13,981 | $2.8M | Add +0.7% |
| SKX Skechers USA Inc. Class A | 0.19% | 40,500 | $2.7M | New |
| ELF Elf Beauty Inc. | 0.19% | 21,650 | $2.7M | New |
| NFLX Netflix Inc. | 0.18% | 2,836 | $2.5M | Reduce -44.3% |
| RL Ralph Lauren Corp. | 0.16% | 9,800 | $2.3M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.16% | 28,114 | $2.2M | New |
| TYL Tyler Technologies Inc. | 0.16% | 3,871 | $2.2M | Add +1015.6% |
| MNDY Monday.com Ltd. | 0.15% | 9,178 | $2.2M | New |
| PANW Palo Alto Networks Inc. | 0.15% | 11,554 | $2.1M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.15% | 8,500 | $2.1M | New |
| SPGI S&P Global Inc. | 0.14% | 4,127 | $2.1M | New |
| SNOW Snowflake Inc. | 0.14% | 13,311 | $2.1M | New |
| SHOP Shopify Inc. Class A | 0.14% | 19,270 | $2.0M | New |
| U Unity Software Inc. | 0.13% | 83,042 | $1.9M | Reduce -15.5% |
| VST Vistra Corp. | 0.12% | 12,940 | $1.8M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.11% | 29,918 | $1.6M | Add +0.8% |
| WDAY Workday Inc. Class A | 0.11% | 6,157 | $1.6M | New |
| EPAM Epam Systems Inc. | 0.10% | 6,086 | $1.4M | New |
| MSCI MSCI Inc. | 0.08% | 1,909 | $1.1M | Reduce -69.3% |
| RDDT Reddit Inc. Class A | 0.07% | 6,294 | $1.0M | New |
| SAP Sap SE-Sponsored ADR | 0.06% | 3,224 | $794K | Reduce -98.0% |
| EDU New Oriental Educatio-SP ADR | 0.04% | 9,949 | $639K | Reduce -90.8% |
| ABNB Airbnb Inc. Class A | 0.04% | 4,144 | $545K | Reduce -82.1% |
| PAYC Paycom Software Inc. | 0.03% | 1,907 | $391K | New |
| HOOD Robinhood Markets Inc. Class A | 0.02% | 8,648 | $322K | New |
| LI Li Auto Inc. - ADR | 0.02% | 12,172 | $292K | Reduce -0.3% |
| NET Cloudflare Inc. Class A | 0.02% | 2,465 | $265K | New |
| TMUS T-Mobile US Inc. | 0.02% | 1,174 | $259K | New |
| RELX Relx PLC - Spon ADR | 0.02% | 5,617 | $255K | Reduce -83.5% |
| SCCO Southern Copper Corp. | 0.02% | 2,747 | $250K | Add +36.3% |
| JEF Jefferies Financial Group Inc. | 0.02% | 3,102 | $243K | New |
| GNRC Generac Holdings Inc. | 0.02% | 1,496 | $232K | New |
| LIN Linde PLC | 0.02% | 527 | $221K | New |
| TRGP Targa Resources Corp. | 0.02% | 1,233 | $220K | New |
| AFRM Affirm Holdings Inc. | 0.02% | 3,579 | $218K | Reduce -97.2% |
Portfolio Sells Q3 2024 → Q4 2024
| PDD PDD Holdings Inc. | Reduce -97.0% | 0.26% | −12.27 |
| FWONK Liberty Media Corp. Class C | Reduce -94.3% | 0.36% | −5.16 |
| META Meta Platforms Inc. Class A | Reduce -27.0% | 8.52% | −3.42 |
| SAP Sap SE-Sponsored ADR | Reduce -98.0% | 0.06% | −2.65 |
| YUMC Yum China Holdings Inc. | Reduce -36.6% | 4.72% | −2.56 |
| NVDA Nvidia Corp. | Reduce -22.7% | 11.13% | −2.50 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -31.8% | 5.09% | −1.67 |
| STEP Stepstone Group Inc. Class A | Reduce -62.1% | 0.87% | −1.48 |
| HDB HDFC Bank Ltd.-ADR | Reduce -30.1% | 2.26% | −1.06 |
| ARES Ares Management Corp. Class A | Reduce -29.4% | 2.49% | −0.76 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.60 |
| EDU New Oriental Educatio-SP ADR | Reduce -90.8% | 0.04% | −0.55 |
| GEV GE Vernova Inc. | Reduce -72.6% | 0.26% | −0.52 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −0.47 |
| AFRM Affirm Holdings Inc. | Reduce -97.2% | 0.02% | −0.37 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.32 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.29 |
| BN Brookfield Corp. | Sold out | 0.00% | −0.25 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.24 |
| VKTX Viking Therapeutics Inc. | Sold out | 0.00% | −0.22 |
| PGR Progressive Corp. | Reduce -22.0% | 0.51% | −0.21 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.21 |
| MSCI MSCI Inc. | Reduce -69.3% | 0.08% | −0.18 |
| ABNB Airbnb Inc. Class A | Reduce -82.1% | 0.04% | −0.18 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.17 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.17 |
| SNPS Synopsys Inc. | Reduce -38.1% | 0.21% | −0.16 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.16 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.14 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.14 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.12 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.11 |
| RELX Relx PLC - Spon ADR | Reduce -83.5% | 0.02% | −0.10 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.10 |
| BNTX Biontech SE-ADR | Sold out | 0.00% | −0.09 |
| NFLX Netflix Inc. | Reduce -44.3% | 0.18% | −0.09 |
| CNI Canadian Natl Railway Co. | Reduce -9.9% | 0.23% | −0.08 |
| TEVA Teva Pharmaceutical-SP ADR | Sold out | 0.00% | −0.08 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.06 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.06 |
| U Unity Software Inc. | Reduce -15.5% | 0.13% | −0.03 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.03 |
| GLOB Globant SA | Sold out | 0.00% | −0.02 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.02 |
| DHT DHT Holdings Inc. | Sold out | 0.00% | −0.01 |
| NWG Natwest Group PLC -Spon ADR | Sold out | 0.00% | −0.01 |
| TIGR Up Fintech Holding Ltd. - ADR | Sold out | 0.00% | −0.00 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.00 |
| LI Li Auto Inc. - ADR | Reduce -0.3% | 0.02% | −0.00 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -19.3% | 0.89% | +0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +183.0% | 7.37% | +5.06 |
| KKR KKR & Co. Inc. | Add +10340.0% | 4.93% | +4.88 |
| CIEN Ciena Corp. | New | 3.17% | +3.17 |
| CRM Salesforce Inc. | New | 3.07% | +3.07 |
| MSFT Microsoft Corp. | Add +131.2% | 5.67% | +3.05 |
| TER Teradyne Inc. | New | 2.88% | +2.88 |
| APO Apollo Global Management Inc. | New | 2.52% | +2.52 |
| NOW ServiceNow Inc. | Add +506.0% | 2.69% | +2.30 |
| TPR Tapestry Inc. | New | 1.85% | +1.85 |
| WMT Walmart Inc. | New | 1.79% | +1.79 |
| SE Sea Ltd.-ADR | Add +11.0% | 6.91% | +1.12 |
| ISRG Intuitive Surgical Inc. | New | 0.91% | +0.91 |
| TPG TPG Inc. | New | 0.89% | +0.89 |
| LLY Eli Lilly & Co. | Add +1657.0% | 0.75% | +0.70 |
| FICO Fair Isaac Corp. | Add +56.6% | 1.80% | +0.62 |
| YMM Full Truck Alliance -SPN ADR | New | 0.45% | +0.45 |
| DDOG Datadog Inc. Class A | Add +11.2% | 1.71% | +0.41 |
| NTES Netease Inc.-ADR | New | 0.29% | +0.29 |
| CDNS Cadence Design SYS Inc. | New | 0.27% | +0.27 |
| LYV Live Nation Entertainment Inc. | New | 0.26% | +0.26 |
| DKS Dick's Sporting Goods Inc. | New | 0.25% | +0.25 |
| CTSH Cognizant Tech Solutions-A | New | 0.25% | +0.25 |
| GM General Motors Co. | New | 0.22% | +0.22 |
| SKX Skechers USA Inc. Class A | New | 0.19% | +0.19 |
| ELF Elf Beauty Inc. | New | 0.19% | +0.19 |
| RL Ralph Lauren Corp. | New | 0.16% | +0.16 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.16% | +0.16 |
| HUBS HubSpot Inc. | Add +83.6% | 0.27% | +0.15 |
| MNDY Monday.com Ltd. | New | 0.15% | +0.15 |
| PANW Palo Alto Networks Inc. | New | 0.15% | +0.15 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.15% | +0.15 |
| SPGI S&P Global Inc. | New | 0.14% | +0.14 |
| SNOW Snowflake Inc. | New | 0.14% | +0.14 |
| SHOP Shopify Inc. Class A | New | 0.14% | +0.14 |
| TYL Tyler Technologies Inc. | Add +1015.6% | 0.16% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | Add +18.1% | 0.58% | +0.13 |
| VST Vistra Corp. | New | 0.12% | +0.12 |
| WDAY Workday Inc. Class A | New | 0.11% | +0.11 |
| EPAM Epam Systems Inc. | New | 0.10% | +0.10 |
| RDDT Reddit Inc. Class A | New | 0.07% | +0.07 |
| ADSK Autodesk Inc. | Add +28.2% | 0.20% | +0.05 |
| HTHT H World Group Ltd.-ADR | Add +35.1% | 0.32% | +0.04 |
| DECK Deckers Outdoor Corp. | Add +0.7% | 0.20% | +0.04 |
| PAYC Paycom Software Inc. | New | 0.03% | +0.03 |
| HOOD Robinhood Markets Inc. Class A | New | 0.02% | +0.02 |
| NET Cloudflare Inc. Class A | New | 0.02% | +0.02 |
| TMUS T-Mobile US Inc. | New | 0.02% | +0.02 |
| JEF Jefferies Financial Group Inc. | New | 0.02% | +0.02 |
| GNRC Generac Holdings Inc. | New | 0.02% | +0.02 |
| TRGP Targa Resources Corp. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 84 | $1.9B | WDC, STX, AMZN, GOOG, COHR |
| Q4 2025 | 77 | $1.1B | GOOG, NVDA, SE, AMZN, GDX |
| Q3 2025 | 68 | $865.1M | SE, GOOG, NVDA, TME, TSLA |
| Q2 2025 | 48 | $484.5M | TME, SE, NVDA, MSFT, META |
| Q1 2025 | 51 | $711.7M | META, SE, MU, HTHT, QFIN |
| Q4 2024 | 77 | $1.4B | NVDA, META, AMZN, SE, MMYT |
| Q3 2024 | 67 | $1.4B | NVDA, PDD, META, YUMC, TCOM |
| Q2 2024 | 61 | $1.2B | NVDA, META, MSFT, EDU, MMYT |
| Q1 2024 | 73 | $1.2B | META, NVDA, MSFT, EDU, MMYT |