Vault-13

True Light Capital Pte. Ltd.

SINGAPORE, U0 · CIK 2107386 · 13F filing filed 2026-08-07

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$151.7m reported value -23.3% vs Q1 2026
8positions
100.0%in top 10
0 new 0 added 3 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 PDD HOLDINGS INC SPONSORED ADS PDD PDD 589,064 $44.9m29.61% 29.61% ReducedShares held: Q3 2025 —, Q4 2025 602.3k, Q1 2026 626.3k, Q2 2026 589.1k -37.2k -37,236 -6.0%
2 H WORLD GROUP LTD SPONSORED ADS HTHT HTHT 671,736 $28.0m18.47% 18.47% ReducedShares held: Q3 2025 —, Q4 2025 799.2k, Q1 2026 674.2k, Q2 2026 671.7k -2.5k -2,453 -0.4%
3 ALIBABA GROUP HLDG LTD SPONSORED ADS BABA BABA 267,275 $25.7m16.91% 16.91% UnchangedShares held: Q3 2025 —, Q4 2025 267.3k, Q1 2026 267.3k, Q2 2026 267.3k
4 YUM CHINA HLDGS INC COM YUMC YUMC 379,886 $15.5m10.23% 10.23% ReducedShares held: Q3 2025 —, Q4 2025 683.9k, Q1 2026 538.6k, Q2 2026 379.9k -158.7k -158,686 -29.5%
5 AMER SPORTS INC COM SHS AS AS 457,150 $15.5m10.20% 10.20% UnchangedShares held: Q3 2025 —, Q4 2025 327.0k, Q1 2026 457.1k, Q2 2026 457.1k
6 TRIP COM GROUP LTD ADS TCOM TCOM 373,751 $14.9m9.81% 9.81% UnchangedShares held: Q3 2025 —, Q4 2025 373.8k, Q1 2026 373.8k, Q2 2026 373.8k
7 NETEASE INC SPONSORED ADS NTES NTES 48,754 $6.2m4.12% 4.12% UnchangedShares held: Q3 2025 —, Q4 2025 27.2k, Q1 2026 48.8k, Q2 2026 48.8k
8 BEIGENE LTD SPONSORED ADR ONC ONC 3,480 $991.7k0.65% 0.65% UnchangedShares held: Q3 2025 —, Q4 2025 3.5k, Q1 2026 3.5k, Q2 2026 3.5k