# SERENITY CAPITAL MANAGEMENT PTE. LTD.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1934957. Source: https://holderbook.com/funds/1934957-serenity-capital-management-pte-ltd/

- Reported value: $331.6M
- Positions: 11
- Weight of the ten largest: 98.0%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| ZTO EXPRESS CAYMAN INC | [ZTO](https://holderbook.com/stocks/ZTO/) | $113.2M | 5,056,987 | 34.1% | 15 |
| TAL ED GROUP | [TAL](https://holderbook.com/stocks/TAL/) | $45.3M | 4,730,377 | 13.7% | 12 |
| NEW ORIENTAL ED & TECHNOLOGY | [EDU](https://holderbook.com/stocks/EDU/) | $35.2M | 767,324 | 10.6% | 7 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $29.9M | 3,687,779 | 9.0% | 3 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $27.5M | 360,000 | 8.3% | 2 |
| MINISO GROUP HLDG LTD | [MNSO](https://holderbook.com/stocks/MNSO/) | $25.8M | 2,141,535 | 7.8% | 6 |
| CHINA YUCHAI INTL LTD | [CYD](https://holderbook.com/stocks/CYD/) | $16.5M | 347,134 | 5.0% | 1 |
| MATTEL INC | [MAT](https://holderbook.com/stocks/MAT/) | $13.9M | 1,000,000 | 4.2% | 3 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $10.8M | 258,668 | 3.3% | 5 |
| ATOUR LIFESTYLE HLDGS LTD | [ATAT](https://holderbook.com/stocks/ATAT/) | $6.8M | 215,000 | 2.1% | 9 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $6.7M | 70,000 | 2.0% | 3 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | -14.8% | +14.8% | -29.6% | 100% |
| Q1 2026 | +1.3% | -4.6% | +5.9% | 100% |
| Q4 2025 | -0.7% | +2.4% | -3.1% | 100% |
| Q3 2025 | +14.8% | +7.8% | +7.0% | 100% |
| Q2 2025 | -6.1% | +10.5% | -16.6% | 100% |
| Q1 2025 | +5.6% | -4.6% | +10.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $331.6M | 11 |
| Q1 2026 | $414.4M | 10 |
| Q4 2025 | $376.8M | 9 |
| Q3 2025 | $394.0M | 8 |
| Q2 2025 | $235.8M | 8 |
| Q1 2025 | $167.1M | 7 |
| Q4 2024 | $149.0M | 5 |
| Q3 2024 | $196.4M | 4 |
| Q2 2024 | $161.6M | 4 |
| Q1 2024 | $178.8M | 3 |
| Q4 2023 | $174.5M | 4 |
| Q3 2023 | $210.4M | 4 |