# True Light Capital Pte. Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2107386. Source: https://holderbook.com/funds/2107386-true-light-capital-pte-ltd/

- Reported value: $151.7M
- Positions: 8
- Weight of the ten largest: 100.0%
- Filed: 2026-08-07

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/) | $44.9M | 589,064 | 29.6% | 3 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $28.0M | 671,736 | 18.5% | 3 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $25.7M | 267,275 | 16.9% | 3 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $15.5M | 379,886 | 10.2% | 3 |
| AMER SPORTS INC | [AS](https://holderbook.com/stocks/AS/) | $15.5M | 457,150 | 10.2% | 3 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $14.9M | 373,751 | 9.8% | 3 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $6.2M | 48,754 | 4.1% | 3 |
| BEONE MEDICINES LTD | [ONC](https://holderbook.com/stocks/ONC/) | $991.7K | 3,480 | 0.7% | 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 | -18.5% | +14.8% | -33.4% | 100% |
| Q1 2026 | -8.8% | -4.6% | -4.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $151.7M | 8 |
| Q1 2026 | $197.9M | 8 |
| Q4 2025 | $221.6M | 8 |