Vault-13

SERENITY CAPITAL MANAGEMENT PTE. LTD.

Singapore, U0 · CIK 1934957 · 13F filing filed 2026-08-10

Exempt reporting adviser since 2022 · corporation

As an employer

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

CityCountryPeople
Singapore (main office)Singapore Singapore
ShanghaiChina China3
Wan ChaiHong Kong Hong Kong1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$331.6m reported value -20.0% vs Q1 2026
11positions
98.0%in top 10
1 new 1 added 2 reduced 0 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 ZTO EXPRESS CAYMAN INC SPONSORED ADS A ZTO ZTO 5,056,987 $113.2m34.13% 34.13% UnchangedShares held: Q3 2025 5.1m, Q4 2025 5.1m, Q1 2026 5.1m, Q2 2026 5.1m
2 TAL EDUCATION GROUP SPONSORED ADS TAL TAL 4,730,377 $45.3m13.65% 13.65% UnchangedShares held: Q3 2025 4.7m, Q4 2025 4.7m, Q1 2026 4.7m, Q2 2026 4.7m
3 NEW ORIENTAL ED & TECHNOLOGY SPON ADR EDU EDU 767,324 $35.2m10.62% 10.62% AddedShares held: Q3 2025 656.9k, Q4 2025 656.9k, Q1 2026 656.9k, Q2 2026 767.3k +110.4k +110,446 16.8%
4 FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM YMM 3,687,779 $29.9m9.03% 9.03% UnchangedShares held: Q3 2025 0, Q4 2025 1.8m, Q1 2026 3.7m, Q2 2026 3.7m
5 PDD HOLDINGS INC SPONSORED ADS PDD PDD 360,000 $27.5m8.28% 8.28% UnchangedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 360.0k, Q2 2026 360.0k
6 MINISO GROUP HLDG LTD SPONSORED ADS MNSO MNSO 2,141,535 $25.8m7.79% 7.79% UnchangedShares held: Q3 2025 1.2m, Q4 2025 2.0m, Q1 2026 2.1m, Q2 2026 2.1m
7 CHINA YUCHAI INTL LTD COM CYD CYD 347,134 $16.5m4.96% 4.96% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 347.1k
8 MATTEL INC COM MAT MAT 1,000,000 $13.9m4.19% 4.19% ReducedShares held: Q3 2025 0, Q4 2025 2.4m, Q1 2026 2.0m, Q2 2026 1.0m -1.0m -1,002,032 -50.0%
9 H WORLD GROUP LTD SPONSORED ADS HTHT HTHT 258,668 $10.8m3.25% 3.25% ReducedShares held: Q3 2025 1.3m, Q4 2025 1.3m, Q1 2026 959.0k, Q2 2026 258.7k -700.3k -700,289 -73.0%
10 ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS ATAT ATAT 215,000 $6.8m2.06% 2.06% UnchangedShares held: Q3 2025 215.0k, Q4 2025 215.0k, Q1 2026 215.0k, Q2 2026 215.0k
11 ALIBABA GROUP HLDG LTD SPONSORED ADS BABA BABA 70,000 $6.7m2.03% 2.03% UnchangedShares held: Q3 2025 0, Q4 2025 70.0k, Q1 2026 70.0k, Q2 2026 70.0k