Triata Capital Ltd Concentrated Active

CIK: 0002014039 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $825,102 (100.0% shares, 0.0% debt)

Holdings (15)

Increased Positions (8)

QFIN QFIN HOLDINGS INC 7.3%

Value ($000) $60,225 (+93.0%) Shares 3,125,331 (+188.3%) Est. Cost $22.99 Unrealized —

VNET VNET GROUP INC 12.8%

Value ($000) $105,740 (-14.3%) Shares 12,498,810 (+4.6%) Est. Cost $6.20 Unrealized —

GDS GDS HLDGS LTD 12.6%

Value ($000) $103,803 (+11.4%) Shares 2,974,298 (+23.5%) Est. Cost $32.44 Unrealized —

YMM FULL TRUCK ALLIANCE CO LTD 2.6%

Value ($000) $21,511 (+64.3%) Shares 2,004,719 (+98.6%) Est. Cost $11.70 Unrealized —

TCOM TRIP COM GROUP LTD 3.0%

Value ($000) $24,729 (+22.7%) Shares 343,893 (+28.3%) Est. Cost $67.44 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 2.6%

Value ($000) $21,835 (+12.0%) Shares 396,786 (+8.0%) Est. Cost $49.45 Unrealized —

TUYA TUYA INC 0.3%

Value ($000) $2,417 (+655.4%) Shares 1,145,371 (+784.3%) Est. Cost $2.15 Unrealized —

LEGN LEGEND BIOTECH CORP 0.7%

Value ($000) $5,492 (+4.1%) Shares 252,600 (+56.1%) Est. Cost $29.93 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QFIN	QFIN HOLDINGS INC	3,125,331 (+188.3%)	$60,225 (+93.0%)	7.3%	$22.99	—	AMERICAN DEP	88557W101
VNET	VNET GROUP INC	12,498,810 (+4.6%)	$105,740 (-14.3%)	12.8%	$6.20	—	SPONSORED ADS A	90138A103
GDS	GDS HLDGS LTD	2,974,298 (+23.5%)	$103,803 (+11.4%)	12.6%	$32.44	—	SPONSORED ADS	36165L108
YMM	FULL TRUCK ALLIANCE CO LTD	2,004,719 (+98.6%)	$21,511 (+64.3%)	2.6%	$11.70	—	SPONSORED ADS	35969L108
TCOM	TRIP COM GROUP LTD	343,893 (+28.3%)	$24,729 (+22.7%)	3.0%	$67.44	—	ADS	89677Q107
EDU	NEW ORIENTAL ED & TECHNOLOGY	396,786 (+8.0%)	$21,835 (+12.0%)	2.6%	$49.45	—	SPON ADR	647581206
TUYA	TUYA INC	1,145,371 (+784.3%)	$2,417 (+655.4%)	0.3%	$2.15	—	SPONSERED ADS	90114C107
LEGN	LEGEND BIOTECH CORP	252,600 (+56.1%)	$5,492 (+4.1%)	0.7%	$29.93	—	SPONSORED ADS	52490G102

Decreased Positions (2)

BABA ALIBABA GROUP HLDG LTD 2.0%

Value ($000) $16,373 (-43.5%) Shares 111,700 (-31.2%) Est. Cost $158.25 Unrealized —

ACMR ACM RESH INC 9.2%

Value ($000) $76,135 (-2.9%) Shares 1,929,919 (-3.7%) Est. Cost $21.77 Unrealized +71.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	111,700 (-31.2%)	$16,373 (-43.5%)	2.0%	$158.25	—	SPONSORED ADS	01609W102
ACMR	ACM RESH INC	1,929,919 (-3.7%)	$76,135 (-2.9%)	9.2%	$21.77	+71.2%	COM CL A	00108J109

Unchanged Positions (5)

PDD PDD HOLDINGS INC 35.1%

Value ($000) $290,018 Shares 2,557,700 Est. Cost $118.33 Unrealized —

IQ IQIYI INC 2.7%

Value ($000) $22,660 Shares 11,802,100 Est. Cost $2.00 Unrealized —

BEKE KE HLDGS INC 3.8%

Value ($000) $31,761 Shares 2,015,307 Est. Cost $18.56 Unrealized —

HTHT H WORLD GROUP LTD 2.0%

Value ($000) $16,192 Shares 344,135 Est. Cost $34.92 Unrealized —

ATAT ATOUR LIFESTYLE HLDGS LTD 3.2%

Value ($000) $26,212 Shares 665,269 Est. Cost $30.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	2,557,700	$290,018	35.1%	$118.33	—	SPONSORED ADS	722304102
IQ	IQIYI INC	11,802,100	$22,660	2.7%	$2.00	—	SPONSORED ADS	46267X108
BEKE	KE HLDGS INC	2,015,307	$31,761	3.8%	$18.56	—	SPONSORED ADS	482497104
HTHT	H WORLD GROUP LTD	344,135	$16,192	2.0%	$34.92	—	SPONSORED ADS	44332N106
ATAT	ATOUR LIFESTYLE HLDGS LTD	665,269	$26,212	3.2%	$30.80	—	SPONSORED ADS	04965M106