1y return−1.6%S&P 500 +20.9%
3y return+9.8%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2022: $103 against $195 in the S&P 500.2
Serenity Capital Management Pte. Ltd.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| ZTOZto Express Cayman Inc | $113.2M | 34.1% | |
| TALTal Ed Group | $45.3M | 13.7% | |
| EDUNew Oriental Ed & Technology | $35.2M | 10.6% | +16.8% |
| YMMFull Truck Alliance Co Ltd | $29.9M | 9.0% | |
| PDDPdd Holdings Inc | $27.5M | 8.3% | |
| MNSOMiniso Group Hldg Ltd | $25.8M | 7.8% | |
| China Yuchai Intl LtdCUSIP G21082105 | $16.5M | 5.0% | New |
| MATMattel Inc | $13.9M | 4.2% | −50.1% |
| HTHTH World Group Ltd | $10.8M | 3.3% | −73.0% |
| ATATAtour Lifestyle Hldgs Ltd | $6.8M | 2.1% | |
| BABAAlibaba Group Hldg Ltd | $6.7M | 2.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ATATAtour Lifestyle Hldgs Ltd | June 30, 2024 | +73.3% | $6.8M |
| HTHTH World Group Ltd | June 30, 2025 | +23.0% | $10.8M |
| TALTal Ed Group | September 30, 2023 | +5.0% | $45.3M |
| ZTOZto Express Cayman Inc | December 31, 2022 | −16.7% | $113.2M |
| YMMFull Truck Alliance Co Ltd | December 31, 2025 | −24.3% | $29.9M |
| PDDPdd Holdings Inc | March 31, 2026 | −25.3% | $27.5M |
| EDUNew Oriental Ed & Technology | December 31, 2024 | −28.5% | $35.2M |
| MATMattel Inc | December 31, 2025 | −30.0% | $13.9M |
| BABAAlibaba Group Hldg Ltd | December 31, 2025 | −34.5% | $6.7M |
| MNSOMiniso Group Hldg Ltd | March 31, 2025 | −34.8% | $25.8M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −14.8% | +14.8% |
| March 31, 2026 | +1.3% | −4.6% |
| December 31, 2025 | −0.7% | +2.4% |
| September 30, 2025 | +14.8% | +7.8% |
| June 30, 2025 | −6.1% | +10.5% |
| March 31, 2025 | +5.6% | −4.6% |
| December 31, 2024 | −4.0% | +2.1% |
| September 30, 2024 | +30.1% | +5.4% |
| June 30, 2024 | +1.4% | +4.0% |
| March 31, 2024 | +3.1% | +10.0% |
| December 31, 2023 | −9.2% | +11.2% |
| September 30, 2023 | −5.0% | −3.6% |
| June 30, 2023 | −13.3% | +8.3% |
| March 31, 2023 | +8.0% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Serenity Capital Management Pte. Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1934957&type=13F-HR&dateb=&owner=include&count=40CIK 1934957
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1934957/000117266126003184/Filed August 10, 2026 · accession 0001172661-26-003184