SERENITY CAPITAL MANAGEMENT PTE. LTD. Concentrated Active

CIK: 0001934957 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $376,776 (100.0% shares, 0.0% debt)

Holdings (9)

New Positions (3)

MAT MATTEL INC 12.6%

Value ($000) $47,331 Shares 2,385,643 Est. Cost $19.32 Unrealized 0.0%

YMM FULL TRUCK ALLIANCE CO LTD 5.1%

Value ($000) $19,397 Shares 1,807,769 Est. Cost $10.73 Unrealized —

BABA ALIBABA GROUP HLDG LTD 2.7%

Value ($000) $10,261 Shares 70,000 Est. Cost $146.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MAT	MATTEL INC	2,385,643	$47,331	12.6%	$19.32	0.0%	COM	577081102
YMM	FULL TRUCK ALLIANCE CO LTD	1,807,769	$19,397	5.1%	$10.73	—	SPONSORED ADS	35969L108
BABA	ALIBABA GROUP HLDG LTD	70,000	$10,261	2.7%	$146.58	—	SPONSORED ADS	01609W102

Increased Positions (1)

MNSO MINISO GROUP HLDG LTD 10.1%

Value ($000) $37,959 (+45.7%) Shares 2,024,455 (+74.9%) Est. Cost $18.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MNSO	MINISO GROUP HLDG LTD	2,024,455 (+74.9%)	$37,959 (+45.7%)	10.1%	$18.51	—	SPONSORED ADS	66981J102

Exited Positions (2)

BZ KANZHUN LIMITED 31.2%

Value ($000) $117,626 Shares 5,035,348 Est. Cost $19.25 Unrealized —

QFIN QFIN HOLDINGS INC 2.0%

Value ($000) $7,507 Shares 260,849 Est. Cost $18.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BZ	KANZHUN LIMITED	5,035,348	$117,626	31.2%	$19.25	—	—	48553T106
QFIN	QFIN HOLDINGS INC	260,849	$7,507	2.0%	$18.80	—	—	88557W101

Unchanged Positions (5)

HTHT H WORLD GROUP LTD 15.9%

Value ($000) $59,960 Shares 1,274,391 Est. Cost $36.81 Unrealized —

ZTO ZTO EXPRESS CAYMAN INC 28.0%

Value ($000) $105,640 Shares 5,056,987 Est. Cost $26.34 Unrealized —

TAL TAL EDUCATION GROUP 13.7%

Value ($000) $51,608 Shares 4,730,377 Est. Cost $11.19 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 9.6%

Value ($000) $36,148 Shares 656,878 Est. Cost $51.94 Unrealized —

ATAT ATOUR LIFESTYLE HLDGS LTD 2.2%

Value ($000) $8,471 Shares 215,000 Est. Cost $18.35 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HTHT	H WORLD GROUP LTD	1,274,391	$59,960	15.9%	$36.81	—	SPONSORED ADS	44332N106
ZTO	ZTO EXPRESS CAYMAN INC	5,056,987	$105,640	28.0%	$26.34	—	SPONSORED ADS A	98980A105
TAL	TAL EDUCATION GROUP	4,730,377	$51,608	13.7%	$11.19	—	SPONSORED ADS	874080104
EDU	NEW ORIENTAL ED & TECHNOLOGY	656,878	$36,148	9.6%	$51.94	—	SPON ADR	647581206
ATAT	ATOUR LIFESTYLE HLDGS LTD	215,000	$8,471	2.2%	$18.35	—	SPONSORED ADS	04965M106