Serenity Capital Management Pte. LTD.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Serenity Capital Management Pte. LTD. reported 8 stock positions worth $235.8 million. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 38.1% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 30.5%) and Miniso Group Holding Ltd.-ADR (MNSO, 8.9%). Compared with Q1 2025, it opened 1 new position, added to 2 and reduced 1. The biggest buy was Kanzhun Ltd. - ADR (BZ, shares +236%) and the biggest sale Qfin Holdings Inc.-ADR (QFIN, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- Singapore, U0
- CIK
- 0001934957
- Portfolio Value
- $235.8M (Q2 2025)
- SEC Filing
- 0001172661-25-003174 ↗ filed Aug 13, 2025
Holdings Value
Holdings 8 stocks · $235.8M
| ZTO Zto Express Cayman Inc.-ADR | 38.07% | 5,056,987 | $89.8M | No change |
| BZ Kanzhun Ltd. - ADR | 30.53% | 4,035,348 | $72.0M | Add +236.2% |
| MNSO Miniso Group Holding Ltd.-ADR | 8.95% | 1,157,662 | $21.1M | Add +149.8% |
| HTHT H World Group Ltd.-ADR | 8.11% | 563,960 | $19.1M | New |
| EDU New Oriental Educatio-SP ADR | 5.62% | 245,498 | $13.2M | No change |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 4.80% | 260,849 | $11.3M | Reduce -23.5% |
| ATAT Atour Lifestyle Holdings-ADR | 3.79% | 275,000 | $8.9M | No change |
| TAL Tal Education Group- ADR | 0.13% | 28,955 | $296K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| QFIN Qfin Holdings Inc.-ADR | Reduce -23.5% | 4.80% | −4.36 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $331.6M | ZTO, TAL, EDU, YMM, PDD |
| Q1 2026 | 10 | $414.4M | ZTO, TAL, HTHT, EDU, PDD |
| Q4 2025 | 9 | $376.8M | ZTO, HTHT, TAL, MAT, MNSO |
| Q3 2025 | 8 | $394.0M | BZ, ZTO, TAL, HTHT, EDU |
| Q2 2025 | 8 | $235.8M | ZTO, BZ, MNSO, HTHT, EDU |
| Q1 2025 | 7 | $167.1M | ZTO, BZ, QFIN, EDU, MNSO |
| Q4 2024 | 5 | $149.0M | ZTO, QFIN, ATAT, EDU, TAL |
| Q3 2024 | 4 | $196.4M | ZTO, QFIN, ATAT, TAL |
| Q2 2024 | 4 | $161.6M | ZTO, QFIN, ATAT, TAL |
| Q1 2024 | 3 | $178.8M | ZTO, QFIN, TAL |