Serenity Capital Management Pte. Ltd
Serenity Capital Management Pte. Ltd reported 11 US-listed holdings worth $331.6 million in its 13F for the quarter ended 30 June 2026, filed 10 August 2026. Its largest: ZTO Express (Cayman) Inc. (34.1%), Tal Education Group (13.7%) and New Oriental Ed & Technology (10.6%). Against the quarter before, it opened 1 position, added to 1, trimmed 2 and sold out of 0.
The 11 largest of its 11 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -6.5% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 1
- China Yuchai Intl Ltd CYD$16.5 million
Added to 1
- New Oriental Ed & Technology EDU+110,446 shares · +17%
Trimmed 2
- H World Group Ltd HTHT-700,289 shares · -73%
- Mattel Inc. MAT-1.0 million shares · -50%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| ZTO Express (Cayman) Inc. ZTO | 5.1M | $113.2 million | 34.13% | no change |
| Tal Education Group TAL | 4.7M | $45.3 million | 13.65% | no change |
| New Oriental Ed & Technology EDU | 767.3K | $35.2 million | 10.62% | +110.4K |
| Full Truck Alliance Co. Ltd YMM | 3.7M | $29.9 million | 9.03% | no change |
| PDD Holdings Inc. PDD | 360.0K | $27.5 million | 8.28% | no change |
| Miniso Group Holding Limited MNSO | 2.1M | $25.8 million | 7.79% | no change |
| China Yuchai Intl Ltd CYD | 347.1K | $16.5 million | 4.96% | new |
| Mattel Inc. MAT | 1.0M | $13.9 million | 4.19% | -1.0M |
| H World Group Ltd HTHT | 258.7K | $10.8 million | 3.25% | -700.3K |
| Atour Lifestyle Hldgs Ltd ATAT | 215.0K | $6.8 million | 2.06% | no change |
| Alibaba Group Holding Limited BABA | 70.0K | $6.7 million | 2.03% | no change |