True Light Capital Pte. Ltd.

CIK

2107386

Location

SINGAPORE, U0

Portfolio Value

Small $197,853,578

Diversification

Moderately concentrated

Filing Date

Global Rank

#3,889 / 8,232 ▼ 24

Top Industry

Internet Retail 49.3%

3Y Alpha vs SPY

-76.1%

Period ended 2 months ago

Filed May 5, 2026 · 40d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

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

Cloned portfolio

-17.9%

SPY

+9.1%

Annualised alpha

-75.5%

Max drawdown

−19.8%

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

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

Top Position

32.3%

+1.5 pts

Top 5

89.1%

−3.2 pts

Top 10

100.0%

0.0 pts

HHI

1,958

Moderately concentrated+10

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	96.7%	$191,362,601	6
Communication Services	2.8%	$5,457,522	1
Healthcare	0.5%	$1,033,455	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
AS	Amer Sports, Inc.	+130,150	457,150	$15,049,378
PDD	PDD Holdings Inc.	+24,038	626,300	$63,995,334
NTES	NetEase, Inc.	+21,552	48,754	$5,457,522
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
YUMC	Yum China Holdings, Inc.	−145,309	538,572	$26,271,542
HTHT	H World Group Ltd	−125,000	674,189	$33,904,964
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

8 positions · $197,853,578 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PDD	PDD Holdings Inc. Consumer Cyclical	Added	626,300	+24,038	$63,995,334	−6.3%	32.34%
HTHT	H World Group Ltd Consumer Cyclical	Reduced	674,189	-125,000	$33,904,964	−9.8%	17.14%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	267,275	0	$33,532,321	−14.4%	16.95%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Reduced	538,572	-145,309	$26,271,542	−19.5%	13.28%
TCOM	Trip.com Group Ltd Consumer Cyclical	Held	373,751	0	$18,609,062	−30.8%	9.41%
AS	Amer Sports, Inc. Consumer Cyclical	Added	457,150	+130,150	$15,049,378	+23.2%	7.61%
NTES	NetEase, Inc. Communication Services	Added	48,754	+21,552	$5,457,522	+45.8%	2.76%
ONC	BeOne Medicines Ltd. Healthcare	Held	3,480	0	$1,033,455	−2.3%	0.52%