Serenity Capital Management Pte. LTD.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), Serenity Capital Management Pte. LTD. reported 7 stock positions worth $167.1 million. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 60.0% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 13.8%) and Qfin Holdings Inc.-ADR (QFIN, 9.2%). Compared with Q4 2024, it opened 2 new positions, added to 1 and reduced 1. The biggest buy was a new position in Kanzhun Ltd. - ADR (BZ) and the biggest sale Qfin Holdings Inc.-ADR (QFIN, shares −68%).

Most Recent 13F
Q2 2026
Location
Singapore, U0
CIK
0001934957
Portfolio Value
$167.1M (Q1 2025)
SEC Filing
0001172661-25-002412 ↗ filed May 16, 2025

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 $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 7 stocks · $167.1M
ZTO Zto Express Cayman Inc.-ADR 60.03% 5,056,987 $100.3M No change
BZ Kanzhun Ltd. - ADR 13.77% 1,200,199 $23.0M New
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 9.16% 340,849 $15.3M Reduce -67.6%
EDU New Oriental Educatio-SP ADR 7.02% 245,498 $11.7M Add +635.4%
MNSO Miniso Group Holding Ltd.-ADR 5.13% 463,450 $8.6M New
ATAT Atour Lifestyle Holdings-ADR 4.66% 275,000 $7.8M No change
TAL Tal Education Group- ADR 0.23% 28,955 $382K No change

Portfolio Sells Q4 2024 → Q1 2025
QFIN Qfin Holdings Inc.-ADR Reduce -67.6% 9.16% −17.91

Portfolio Buys Q4 2024 → Q1 2025
BZ Kanzhun Ltd. - ADR New 13.77% +13.77
EDU New Oriental Educatio-SP ADR Add +635.4% 7.02% +5.59
MNSO Miniso Group Holding Ltd.-ADR New 5.13% +5.13

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