Serenity Capital Management Pte. LTD.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Serenity Capital Management Pte. LTD. reported 3 stock positions worth $178.8 million. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 70.9% of the portfolio, followed by Qfin Holdings Inc.-ADR (QFIN, 28.9%) and Tal Education Group- ADR (TAL, 0.2%). Compared with Q4 2023, it sold out of 1. The biggest sale was an exit from H World Group Ltd.-ADR (HTHT).

Most Recent 13F
Q2 2026
Location
Singapore, U0
CIK
0001934957
Portfolio Value
$178.8M (Q1 2024)
SEC Filing
0001172661-24-001928 ↗ filed Apr 24, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $178.8M $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 Q2 2026

Holdings 3 stocks · $178.8M
ZTO Zto Express Cayman Inc.-ADR 70.93% 6,056,987 $126.8M No change
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 28.88% 2,802,316 $51.6M No change
TAL Tal Education Group- ADR 0.18% 28,955 $329K No change

Portfolio Sells Q4 2023 → Q1 2024
HTHT H World Group Ltd.-ADR Sold out 0.00% −0.50

Portfolio Buys Q4 2023 → Q1 2024
None this quarter.

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