# Triata Capital Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2014039. Source: https://holderbook.com/funds/2014039-triata-capital-ltd/

- Reported value: $588.3M
- Positions: 12
- Weight of the ten largest: 99.5%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $245.0M | 3,211,624 | 41.6% | 7 |
| VNET GROUP INC | [VNET](https://holderbook.com/stocks/VNET/) | $94.6M | 11,763,935 | 16.1% | 7 |
| QFIN HOLDINGS INC | [QFIN](https://holderbook.com/stocks/QFIN/) | $81.7M | 5,166,613 | 13.9% | 7 |
| GDS HLDGS LTD | [GDS](https://holderbook.com/stocks/GDS/) | $51.2M | 1,705,220 | 8.7% | 7 |
| KE HLDGS INC | [BEKE](https://holderbook.com/stocks/BEKE/) | $24.2M | 1,663,066 | 4.1% | 7 |
| ATOUR LIFESTYLE HLDGS LTD | [ATAT](https://holderbook.com/stocks/ATAT/) | $21.6M | 677,712 | 3.7% | 7 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $20.1M | 503,346 | 3.4% | 5 |
| LEGEND BIOTECH CORP | [LEGN](https://holderbook.com/stocks/LEGN/) | $18.2M | 629,914 | 3.1% | 5 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $16.8M | 174,843 | 2.9% | 7 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $11.9M | 285,338 | 2.0% | 7 |
| TUYA INC | [TUYA](https://holderbook.com/stocks/TUYA/) | $2.0M | 1,145,371 | 0.3% | 4 |
| IQIYI INC | [IQ](https://holderbook.com/stocks/IQ/) | $1.2M | 1,108,095 | 0.2% | 5 |

## 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 | -13.4% | +14.8% | -28.2% | 100% |
| Q1 2026 | -7.0% | -4.6% | -2.3% | 100% |
| Q4 2025 | -12.7% | +2.4% | -15.0% | 100% |
| Q3 2025 | +31.6% | +7.8% | +23.8% | 100% |
| Q2 2025 | -7.6% | +10.5% | -18.0% | 100% |
| Q1 2025 | +27.8% | -4.6% | +32.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $588.3M | 12 |
| Q1 2026 | $551.8M | 14 |
| Q4 2025 | $825.1M | 15 |
| Q3 2025 | $856.8M | 15 |
| Q2 2025 | $512.3M | 15 |
| Q1 2025 | $442.0M | 12 |
| Q4 2024 | $241.4M | 12 |