Institutional Manager · CIK 0002107386
True Light Capital Pte. Ltd.
SINGAPORE, U0 · File #028-26109
Latest AUM
$221.6M
Positions
8
Top-10 Concentration
100.0%
Filings
1
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 |
|---|---|---|---|---|---|
| NEW | PDD HOLDINGS INC | PDD | +602,262 | +$68.3M | $0 |
| NEW | ALIBABA GROUP HOLDING | BBAAY | +267,275 | +$39.2M | $0 |
| NEW | H WORLD GROUP LTD | HWLDF | +799,189 | +$37.6M | $0 |
| NEW | YUM CHINA HOLDINGS INC | YUMC | +683,881 | +$32.6M | $0 |
| NEW | TRIP COM GROUP LTD | TRPCF | +373,751 | +$26.9M | $0 |
| NEW | AMER SPORTS INC | AS | +327,000 | +$12.2M | $0 |
| NEW | NETEASE INC | NETTF | +27,202 | +$3.7M | $0 |
| NEW | BEONE MEDICINES LTD | BEIGF | +3,480 | +$1.1M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20258 pos · $221.6M
Top 8 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 602,262 | $68.3M | 30.82% |
| 2 | ALIBABA GROUP HOLDING | BBAAY | 267,275 | $39.2M | 17.68% |
| 3 | H WORLD GROUP LTD | HWLDF | 799,189 | $37.6M | 16.97% |
| 4 | YUM CHINA HOLDINGS INC | YUMC | 683,881 | $32.6M | 14.73% |
| 5 | TRIP COM GROUP LTD | TRPCF | 373,751 | $26.9M | 12.13% |
| 6 | AMER SPORTS INC | AS | 327,000 | $12.2M | 5.51% |
| 7 | NETEASE INC | NETTF | 27,202 | $3.7M | 1.69% |
| 8 | BEONE MEDICINES LTD | BEIGF | 3,480 | $1.1M | 0.48% |