Ward Ferry Management (BVI) Ltd Concentrated Active

CIK: 0001632574 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $805 (100.0% shares, 0.0% debt)

Holdings (6)

New Positions (1)

MMYT MAKEMYTRIP LIMITED MAURITIUS 6.1%

Value ($000) $49 Shares 597,600 Est. Cost $82.03 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MMYT	MAKEMYTRIP LIMITED MAURITIUS	597,600	$49	6.1%	$82.03	0.0%	SHS	V5633W109

Increased Positions (3)

ATAT ATOUR LIFESTYLE HLDGS LTD 15.4%

Value ($000) $124 (+198.1%) Shares 3,155,425 (+184.4%) Est. Cost $0.04 Unrealized —

GRAB GRAB HOLDINGS LIMITED 23.3%

Value ($000) $188 (-6.7%) Shares 37,675,992 (+12.5%) Est. Cost $3.87 Unrealized +43.0%

SE SEA LTD 23.9%

Value ($000) $193 (-1.2%) Shares 1,511,242 (+38.4%) Est. Cost $27.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ATAT	ATOUR LIFESTYLE HLDGS LTD	3,155,425 (+184.4%)	$124 (+198.1%)	15.4%	$0.04	—	SPONSORED ADS	04965M106
GRAB	GRAB HOLDINGS LIMITED	37,675,992 (+12.5%)	$188 (-6.7%)	23.3%	$3.87	+43.0%	CLASS A ORD	G4124C109
SE	SEA LTD	1,511,242 (+38.4%)	$193 (-1.2%)	23.9%	$27.76	—	SPONSORED ADS	81141R100

Exited Positions (3)

HTHT H WORLD GROUP LTD 5.1%

Value ($000) $41 Shares 1,056,294 Est. Cost $14.25 Unrealized —

MNSO MINISO GROUP HLDG LTD 4.4%

Value ($000) $36 Shares 1,583,302 Est. Cost $0.02 Unrealized —

YB YUANBAO INC 0.4%

Value ($000) $4 Shares 182,500 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HTHT	H WORLD GROUP LTD	1,056,294	$41	5.1%	$14.25	—	—	44332N106
MNSO	MINISO GROUP HLDG LTD	1,583,302	$36	4.4%	$0.02	—	—	66981J102
YB	YUANBAO INC	182,500	$4	0.4%	$0.02	—	—	987910106

Decreased Positions (2)

YMM FULL TRUCK ALLIANCE CO LTD 19.5%

Value ($000) $157 (-34.2%) Shares 14,650,662 (-20.5%) Est. Cost $4.81 Unrealized —

BZ KANZHUN LIMITED 11.6%

Value ($000) $94 (-34.7%) Shares 4,600,645 (-25.2%) Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
YMM	FULL TRUCK ALLIANCE CO LTD	14,650,662 (-20.5%)	$157 (-34.2%)	19.5%	$4.81	—	SPONSORED ADS	35969L108
BZ	KANZHUN LIMITED	4,600,645 (-25.2%)	$94 (-34.7%)	11.6%	$0.02	—	SPONSORED ADS	48553T106