Serenity Capital Management Pte. LTD.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Serenity Capital Management Pte. LTD. reported 11 stock positions worth $331.6 million. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 34.1% of the portfolio, followed by Tal Education Group- ADR (TAL, 13.7%) and New Oriental Educatio-SP ADR (EDU, 10.6%). Compared with Q1 2026, it opened 1 new position, added to 1 and reduced 2. The biggest buy was a new position in China Yuchai Intl (CYD) and the biggest sale H World Group Ltd.-ADR (HTHT, shares −73%).

Most Recent 13F
Q2 2026
Location
Singapore, U0
CIK
0001934957
Portfolio Value
$331.6M (Q2 2026)
SEC Filing
0001172661-26-003184 ↗ filed Aug 10, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $178.8M Q1 2024 Q2 2024: $161.6M Q2 2024 Q3 2024: $196.4M Q3 2024 Q4 2024: $149.0M Q4 2024 Q1 2025: $167.1M Q1 2025 Q2 2025: $235.8M Q2 2025 Q3 2025: $394.0M Q3 2025 Q4 2025: $376.8M Q4 2025 Q1 2026: $414.4M Q1 2026 Q2 2026: $331.6M $331.6M Q2 2026

Holdings 11 stocks · $331.6M
ZTO Zto Express Cayman Inc.-ADR 34.13% 5,056,987 $113.2M No change
TAL Tal Education Group- ADR filed as TAL ED GROUP 13.65% 4,730,377 $45.3M No change
EDU New Oriental Educatio-SP ADR 10.62% 767,324 $35.2M Add +16.8%
YMM Full Truck Alliance -SPN ADR 9.03% 3,687,779 $29.9M No change
PDD PDD Holdings Inc. 8.28% 360,000 $27.5M No change
MNSO Miniso Group Holding Ltd.-ADR 7.79% 2,141,535 $25.8M No change
CYD China Yuchai Intl Ltd. 4.96% 347,134 $16.5M New
MAT Mattel Inc. 4.19% 1,000,000 $13.9M Reduce -50.0%
HTHT H World Group Ltd.-ADR 3.25% 258,668 $10.8M Reduce -73.0%
ATAT Atour Lifestyle Holdings-ADR 2.06% 215,000 $6.8M No change
BABA Alibaba Group Holding-SP ADR 2.03% 70,000 $6.7M No change

Portfolio Sells Q1 2026 → Q2 2026
HTHT H World Group Ltd.-ADR Reduce -73.0% 3.25% −8.38
MAT Mattel Inc. Reduce -50.0% 4.19% −2.83

Portfolio Buys Q1 2026 → Q2 2026
CYD China Yuchai Intl Ltd. New 4.96% +4.96
EDU New Oriental Educatio-SP ADR Add +16.8% 10.62% +1.65

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$331.6MZTO, TAL, EDU, YMM, PDD
Q1 2026 10$414.4MZTO, TAL, HTHT, EDU, PDD
Q4 2025 9$376.8MZTO, HTHT, TAL, MAT, MNSO
Q3 2025 8$394.0MBZ, ZTO, TAL, HTHT, EDU
Q2 2025 8$235.8MZTO, BZ, MNSO, HTHT, EDU
Q1 2025 7$167.1MZTO, BZ, QFIN, EDU, MNSO
Q4 2024 5$149.0MZTO, QFIN, ATAT, EDU, TAL
Q3 2024 4$196.4MZTO, QFIN, ATAT, TAL
Q2 2024 4$161.6MZTO, QFIN, ATAT, TAL
Q1 2024 3$178.8MZTO, QFIN, TAL