True Light Capital Pte. Ltd.

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
8
Quarter
2025 Q4
Top Holding
PDD (30.8%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-8 of 8
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
PDD
PDD HOLDINGS IN...
Consumer Cyclical 30.82% #1
Prev: #—
10.0 602,262 no change
NEW
602,262 $68,290,488 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 17.68% #2
Prev: #—
9.1 267,275 no change
NEW
267,275 $39,177,170 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HTHT
H WORLD GROUP L...
Consumer Cyclical 16.97% #3
Prev: #—
8.8 799,189 no change
NEW
799,189 $37,601,842 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
YUMC
YUM CHINA HOLDI...
Consumer Cyclical 14.73% #4
Prev: #—
7.9 683,881 no change
NEW
683,881 $32,648,479 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TCOM
TRIP COM GROUP ...
Consumer Cyclical 12.13% #5
Prev: #—
6.9 373,751 no change
NEW
373,751 $26,876,434 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AS
AMER SPORTS INC
Consumer Cyclical 5.51% #6
Prev: #—
4.2 327,000 no change
NEW
327,000 $12,213,450 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NTES
NETEASE INC
Communication Services 1.69% #7
Prev: #—
2.7 27,202 no change
NEW
27,202 $3,743,539 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ONC
BEONE MEDICINES...
Healthcare 0.48% #8
Prev: #—
2.2 3,480 no change
NEW
3,480 $1,057,259 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-8 of 8 holdings

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