SERENITY CAPITAL MANAGEMENT PTE. LTD.

CIK

1934957

Location

Singapore, U0

Portfolio Value

Small $414,365,802

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,881 / 8,603 ▲ 218 · as of Mar 2026

Top Industry

Integrated Freight & Logistics 30.7%

3Y Alpha vs SPY

-16.0%

Period ended 3 months ago

Filed May 12, 2026 · 58d

14 quarters · since Dec 2022

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+15.5%

SPY

+76.5%

Annualised alpha

-15.9%

Max drawdown

−37.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

30.7%

+2.7 pts

Top 5

73.2%

−7.1 pts

Top 10

100.0%

0.0 pts

HHI

1,589

Moderately concentrated−28

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	39.9%	$165,489,488	6
Industrials	30.7%	$127,284,362	1
Consumer Defensive	22.0%	$90,983,387	2
Technology	7.4%	$30,608,565	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
YMM	Full Truck Alliance Co. Ltd.	+1,880,010	3,687,779	$30,608,565
MNSO	MINISO Group Holding Ltd	+117,080	2,141,535	$34,692,867
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
MAT	Mattel Inc /De/	−383,611	2,002,032	$29,089,524
HTHT	H World Group Ltd	−315,434	958,957	$48,225,947
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
PDD	PDD Holdings Inc.	360,000	$36,784,800
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

10 positions · $414,365,802 total · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ZTO	ZTO Express (Cayman) Inc. Industrials	Held	5,056,987	0	$127,284,362	+20.5%	30.72%
TAL	TAL Education Group Consumer Defensive	Held	4,730,377	0	$53,784,386	+4.2%	12.98%
HTHT	H World Group Ltd Consumer Cyclical	Reduced	958,957	-315,434	$48,225,947	−19.6%	11.64%
EDU	New Oriental Education & Technology Group Inc. Consumer Defensive	Held	656,878	0	$37,199,001	+2.9%	8.98%
PDD	PDD Holdings Inc. Consumer Cyclical	NEW	360,000	NEW	$36,784,800	NEW	8.88%
MNSO	MINISO Group Holding Ltd Consumer Cyclical	Added	2,141,535	+117,080	$34,692,867	−8.6%	8.37%
YMM	Full Truck Alliance Co. Ltd. Technology	Added	3,687,779	+1,880,010	$30,608,565	+57.8%	7.39%
MAT	Mattel Inc /De/ Consumer Cyclical	Reduced	2,002,032	-383,611	$29,089,524	−38.5%	7.02%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	70,000	0	$8,782,200	−14.4%	2.12%
ATAT	Atour Lifestyle Holdings Ltd Consumer Cyclical	Held	215,000	0	$7,914,150	−6.6%	1.91%