# KEYSTONE INVESTORS PTE LTD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1926253. Source: https://holderbook.com/funds/1926253-keystone-investors-pte-ltd/

- Reported value: $1.9B
- Positions: 84
- Weight of the ten largest: 57.0%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $187.9M | 294,247 | 10.1% | 4 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $182.0M | 188,590 | 9.7% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $139.7M | 585,950 | 7.5% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $136.8M | 387,306 | 7.3% | 4 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $84.4M | 213,960 | 4.5% | 3 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $76.0M | 88,526 | 4.1% | 4 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $75.1M | 1,198,332 | 4.0% | 1 |
| FRONTLINE PLC | [FRO](https://holderbook.com/stocks/FRO/) | $65.2M | 1,873,983 | 3.5% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $63.7M | 213,933 | 3.4% | 1 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $54.2M | 724,339 | 2.9% | 1 |
| VISHAY INTERTECHNOLOGY INC | [VSH](https://holderbook.com/stocks/VSH/) | $50.2M | 933,378 | 2.7% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $49.1M | 131,550 | 2.6% | 14 |
| MOOG INC | [MOGA](https://holderbook.com/stocks/MOGA/) | $41.6M | 98,035 | 2.2% | 1 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $33.3M | 156,440 | 1.8% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $31.0M | 53,442 | 1.7% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $25.8M | 296,158 | 1.4% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $25.5M | 127,660 | 1.4% | 4 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $25.1M | 322,711 | 1.3% | 3 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $24.6M | 66,264 | 1.3% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.3M | 23,840 | 1.2% | 1 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $20.2M | 211,123 | 1.1% | 9 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $20.0M | 208,861 | 1.1% | 1 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $19.5M | 76,613 | 1.0% | 4 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $19.2M | 31,165 | 1.0% | 3 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $18.8M | 72,044 | 1.0% | 1 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $18.0M | 131,984 | 1.0% | 1 |
| ATI INC | [ATI](https://holderbook.com/stocks/ATI/) | $17.9M | 90,612 | 1.0% | 4 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $16.6M | 305,322 | 0.9% | 3 |
| SIGMA LITHIUM CORPORATION | [SGML](https://holderbook.com/stocks/SGML/) | $16.5M | 1,303,675 | 0.9% | 2 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $16.5M | 8,302 | 0.9% | 2 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $15.4M | 45,965 | 0.8% | 1 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $14.4M | 78,485 | 0.8% | 1 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $14.3M | 153,466 | 0.8% | 1 |
| DUTCH BROS INC | [BROS](https://holderbook.com/stocks/BROS/) | $14.2M | 197,848 | 0.8% | 3 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $13.1M | 41,404 | 0.7% | 1 |
| SCORPIO TANKERS INC | [STNG](https://holderbook.com/stocks/STNG/) | $12.9M | 185,840 | 0.7% | 1 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $12.6M | 64,766 | 0.7% | 2 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $12.1M | 870,379 | 0.6% | 1 |
| AMER SPORTS INC | [AS](https://holderbook.com/stocks/AS/) | $11.6M | 343,802 | 0.6% | 1 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $9.5M | 75,116 | 0.5% | 2 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $9.4M | 35,054 | 0.5% | 1 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $9.2M | 97,094 | 0.5% | 2 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $8.6M | 38,711 | 0.5% | 1 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $7.9M | 29,355 | 0.4% | 1 |
| ARROWHEAD PHARMACEUTICALS IN | [ARWR](https://holderbook.com/stocks/ARWR/) | $7.7M | 94,661 | 0.4% | 2 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $7.6M | 76,100 | 0.4% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.6M | 29,987 | 0.4% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $7.1M | 6,659 | 0.4% | 1 |
| HYATT HOTELS CORP | [H](https://holderbook.com/stocks/H/) | $6.3M | 32,620 | 0.3% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $6.1M | 41,603 | 0.3% | 4 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $6.0M | 26,329 | 0.3% | 1 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $5.9M | 40,533 | 0.3% | 6 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $5.9M | 34,550 | 0.3% | 1 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $5.2M | 70,601 | 0.3% | 5 |
| PRIMORIS SVCS CORP | [PRIM](https://holderbook.com/stocks/PRIM/) | $5.2M | 52,263 | 0.3% | 1 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $5.1M | 15,305 | 0.3% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.9M | 35,300 | 0.3% | 1 |
| TWIST BIOSCIENCE CORP | [TWST](https://holderbook.com/stocks/TWST/) | $4.7M | 45,730 | 0.3% | 1 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $4.6M | 60,310 | 0.2% | 2 |
| DEFINIUM THERAPEUTICS INC | [DFTX](https://holderbook.com/stocks/DFTX/) | $4.5M | 95,100 | 0.2% | 1 |
| LITHIUM ARGENTINA AG | [LAR](https://holderbook.com/stocks/LAR/) | $3.3M | 403,083 | 0.2% | 1 |
| X-ENERGY INC | [XE](https://holderbook.com/stocks/XE/) | $3.2M | 174,377 | 0.2% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.5M | 13,000 | 0.1% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.4M | 4,929 | 0.1% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.1M | 7,100 | 0.1% | 1 |
| IES HOLDINGS INC | [IESC](https://holderbook.com/stocks/IESC/) | $2.1M | 2,856 | 0.1% | 2 |
| TRANSOCEAN LTD | [RIG](https://holderbook.com/stocks/RIG/) | $2.1M | 428,287 | 0.1% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.0M | 5,926 | 0.1% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.7M | 2,267 | 0.1% | 1 |
| MATERION CORP | [MTRN](https://holderbook.com/stocks/MTRN/) | $1.6M | 5,465 | 0.1% | 1 |
| INTUITIVE MACHINES INC | [LUNR](https://holderbook.com/stocks/LUNR/) | $1.0M | 48,534 | 0.1% | 1 |
| ALMONTY INDS INC | [ALM](https://holderbook.com/stocks/ALM/) | $1.0M | 62,100 | 0.1% | 1 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $986.5K | 6,422 | 0.1% | 1 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $874.6K | 3,167 | 0.0% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $749.4K | 2,231 | 0.0% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $692.6K | 600 | 0.0% | 2 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $595.2K | 4,645 | 0.0% | 2 |
| HESAI GROUP | [HSAI](https://holderbook.com/stocks/HSAI/) | $457.9K | 25,130 | 0.0% | 1 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $455.2K | 10,911 | 0.0% | 2 |
| VIKING HOLDINGS LTD | [VIK](https://holderbook.com/stocks/VIK/) | $439.6K | 4,200 | 0.0% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $365.2K | 2,796 | 0.0% | 1 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $350.3K | 5,630 | 0.0% | 1 |
| HASBRO INC | [HAS](https://holderbook.com/stocks/HAS/) | $286.1K | 3,464 | 0.0% | 1 |
| FIRSTCASH HOLDINGS INC | [FCFS](https://holderbook.com/stocks/FCFS/) | $236.2K | 1,092 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -4.6% | +5.2% | 100% |
| Q4 2025 | +4.6% | +2.4% | +2.2% | 100% |
| Q3 2025 | +13.8% | +7.8% | +6.0% | 100% |
| Q2 2025 | +20.0% | +10.5% | +9.5% | 100% |
| Q1 2025 | -9.5% | -4.6% | -4.9% | 100% |
| Q4 2024 | +5.2% | +2.1% | +3.1% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.4% | 100% |
| Q2 2024 | +6.5% | +4.0% | +2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.9B | 84 |
| Q4 2025 | $1.1B | 77 |
| Q3 2025 | $865.1M | 68 |
| Q2 2025 | $484.5M | 48 |
| Q1 2025 | $711.7M | 51 |
| Q4 2024 | $1.4B | 77 |
| Q3 2024 | $1.4B | 67 |
| Q2 2024 | $1.2B | 61 |
| Q1 2024 | $1.2B | 73 |
| Q4 2023 | $1.2B | 49 |
| Q3 2023 | $840.5M | 38 |
| Q2 2023 | $576.4M | 36 |