Institutional Manager · CIK 0002014039
Triata Capital Ltd
HONG KONG, K3 · File #028-25134
Latest AUM
$825.1M
Positions
15
Top-10 Concentration
92.5%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | QFIN HOLDINGS INC | QFNHF | +2,041,351 | +$39.3M | -$10.3M |
| ADD | GDS HLDGS LTD | GDHLF | +566,345 | +$19.8M | -$9.2M |
| ADD | FULL TRUCK ALLIANCE CO LTD | YMM | +995,500 | +$10.7M | -$2.3M |
| REDUCE | ALIBABA GROUP HLDG LTD | BBAAY | -50,541 | -$7.4M | -$5.2M |
| ADD | TRIP COM GROUP LTD | TRPCF | +75,793 | +$5.5M | -$882,049 |
| ADD | VNET GROUP INC | VNET | +550,841 | +$4.7M | -$22.3M |
| REDUCE | ACM RESH INC | 00108J109 | -73,306 | -$2.9M | +$641,033 |
| ADD | TUYA INC | TUYA | +1,015,849 | +$2.1M | -$46,628 |
| ADD | LEGEND BIOTECH CORP | LEGN | +90,800 | +$2.0M | -$1.8M |
| ADD | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | +29,412 | +$1.6M | +$720,054 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202515 pos · $825.1M
- 13F HOLDINGS REPORTQ/E Sep 202515 pos · $856.8M
- 13F HOLDINGS REPORTQ/E Jun 202515 pos · $512.3M
- 13F HOLDINGS REPORTQ/E Mar 202512 pos · $442.0M
- 13F HOLDINGS REPORTQ/E Dec 202412 pos · $241.4M
Top 15 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 2,557,700 | $290.0M | 35.15% |
| 2 | VNET GROUP INC | VNET | 12,498,810 | $105.7M | 12.82% |
| 3 | GDS HLDGS LTD | GDHLF | 2,974,298 | $103.8M | 12.58% |
| 4 | ACM RESH INC | 00108J109 | 1,929,919 | $76.1M | 9.23% |
| 5 | QFIN HOLDINGS INC | QFNHF | 3,125,331 | $60.2M | 7.30% |
| 6 | KE HLDGS INC | BEKE | 2,015,307 | $31.8M | 3.85% |
| 7 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 665,269 | $26.2M | 3.18% |
| 8 | TRIP COM GROUP LTD | TRPCF | 343,893 | $24.7M | 3.00% |
| 9 | IQIYI INC | IQ | 11,802,100 | $22.7M | 2.75% |
| 10 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 396,786 | $21.8M | 2.65% |
| 11 | FULL TRUCK ALLIANCE CO LTD | YMM | 2,004,719 | $21.5M | 2.61% |
| 12 | ALIBABA GROUP HLDG LTD | BBAAY | 111,700 | $16.4M | 1.98% |
| 13 | H WORLD GROUP LTD | HWLDF | 344,135 | $16.2M | 1.96% |
| 14 | LEGEND BIOTECH CORP | LEGN | 252,600 | $5.5M | 0.67% |
| 15 | TUYA INC | TUYA | 1,145,371 | $2.4M | 0.29% |