Triata Capital Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Triata Capital Ltd reported 14 stock positions worth $551.8 million. Its top holding was PDD (PDD) at 38.6% of the portfolio, followed by Vnet Group Inc.-ADR (VNET, 17.0%) and Qfin Holdings Inc.-ADR (QFIN, 8.2%). Compared with Q4 2025, it sold out of 1, added to 5 and reduced 8. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +111%) and the biggest sale an exit from Acm Research Class A (ACMR).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0002014039
- Portfolio Value
- $551.8M (Q1 2026)
- SEC Filing
- 0002014039-26-000003 ↗ filed May 14, 2026
Holdings Value
Holdings 14 stocks · $551.8M
| PDD PDD Holdings Inc. | 38.56% | 2,082,327 | $212.8M | Reduce -18.6% |
| VNET Vnet Group Inc.-ADR | 17.01% | 11,187,682 | $93.9M | Reduce -10.5% |
| QFIN Qfin Holdings Inc.-ADR | 8.18% | 3,496,428 | $45.1M | Add +11.9% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 7.94% | 1,087,902 | $43.8M | Reduce -63.4% |
| BABA Alibaba Group Holding-SP ADR | 5.35% | 235,429 | $29.5M | Add +110.8% |
| ATAT Atour Lifestyle Holdings-ADR | 3.77% | 565,169 | $20.8M | Reduce -15.1% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 3.74% | 1,379,707 | $20.7M | Reduce -31.5% |
| TCOM Trip.com Group Ltd.-ADR | 3.51% | 388,593 | $19.3M | Add +13.0% |
| YMM Full Truck Alliance -SPN ADR | 3.49% | 2,317,919 | $19.2M | Add +15.6% |
| HTHT H World Group Ltd.-ADR | 2.16% | 237,435 | $11.9M | Reduce -31.0% |
| LEGN Legend Biotech Corp.-ADR | 2.06% | 629,914 | $11.4M | Add +149.4% |
| IQ Iqiyi Inc.-ADR | 1.97% | 8,065,100 | $10.9M | Reduce -31.7% |
| EDU New Oriental Educatio-SP ADR | 1.77% | 172,299 | $9.8M | Reduce -56.6% |
| TUYA Tuya Inc. | 0.48% | 1,145,371 | $2.6M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −9.23 |
| GDS GDS Holdings Ltd. - ADR | Reduce -63.4% | 7.94% | −4.64 |
| EDU New Oriental Educatio-SP ADR | Reduce -56.6% | 1.77% | −0.88 |
| IQ Iqiyi Inc.-ADR | Reduce -31.7% | 1.97% | −0.77 |
| BEKE Ke Holdings Inc.-ADR | Reduce -31.5% | 3.74% | −0.11 |
| HTHT H World Group Ltd.-ADR | Reduce -31.0% | 2.16% | +0.20 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -15.1% | 3.77% | +0.59 |
| PDD PDD Holdings Inc. | Reduce -18.6% | 38.56% | +3.41 |
| VNET Vnet Group Inc.-ADR | Reduce -10.5% | 17.01% | +4.19 |
Portfolio Buys Q4 2025 → Q1 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 12 | $588.3M | PDD, VNET, QFIN, GDS, BEKE |
| Q1 2026 | 14 | $551.8M | PDD, VNET, QFIN, GDS, BABA |
| Q4 2025 | 15 | $825.1M | PDD, VNET, GDS, ACMR, QFIN |
| Q3 2025 | 15 | $856.8M | PDD, VNET, GDS, ACMR, BEKE |
| Q2 2025 | 15 | $512.3M | PDD, VNET, GDS, ACMR, BIDU |
| Q1 2025 | 12 | $442.0M | PDD, BIDU, VNET, BEKE, ACMR |
| Q4 2024 | 12 | $241.4M | PDD, VNET, GDS, BEKE, BIDU |