True Light Capital Pte. Ltd.

Est. AUM

$197.9M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	PDD HOLDINGS INC	SPONSORED ADS	$64.0M	626300	32.34%	SOLE
2	H WORLD GROUP LTD	SPONSORED ADS	$33.9M	674189	17.14%	SOLE
3	ALIBABA GROUP HOLDING	SPONSORED ADS	$33.5M	267275	16.95%	SOLE
4	YUM CHINA HOLDINGS INC	COM	$26.3M	538572	13.28%	SOLE
5	TRIP COM GROUP LTD	ADS	$18.6M	373751	9.41%	SOLE
6	AMER SPORTS INC	COM SHS	$15.0M	457150	7.61%	SOLE
7	NETEASE INC	SPONSORED ADS	$5.5M	48754	2.76%	SOLE
8	BEONE MEDICINES LTD	SPONSORED ADS	$1.0M	3480	0.52%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.