TL
True Light Capital Pte. Ltd. 13F Filings Tracker & Latest Positions (Q2 2026)
True Light Capital Pte. Ltd.CIK: 0002107386
Sector-focusedQuality / disciplined sizingConcentrated strategy
Total reported value
$151.7M
Reporting period: 2026-06-30 · Number of holdings: 8
True Light Capital Pte. Ltd. disclosed 8 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $151.7M and a quarterly turnover rate of 27.8%.
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Personality snowflake
- Concentration
- 73.05
- Portfolio Stability
- 27.77
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 16
- Sizing Uniformity
- 92.74
True Light Capital Pte. Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.183 — mathematically equivalent to about 5 equally-sized positions, close to its 8 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.73), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim YUMC
-29.5% -$10.7M
Trim PDD
-5.9% -$19.1M
Add AS
0.0% $420.6K
Add NTES
0.0% $789.8K
Add HTHT
-0.4% -$5.9M
Add TCOM
0.0% -$3.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 29.61% | -2.73% | -5.95% | |
| 2 | HTHT | H World Group Ltd-adr | Stock-Other | 18.47% | +1.33% | -0.36% | |
| 3 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 16.91% | -0.04% | — | |
| 4 | YUMC | Yum China Holdings Inc | Stock-Consumer Disc | 10.23% | -3.05% | -29.46% | |
| 5 | AS | Amer Sports, Inc. | Stock-Consumer Disc | 10.20% | +2.59% | — | |
| 6 | TCOM | Trip.com Group Ltd-adr | Stock-Consumer Disc | 9.81% | +0.40% | — | |
| 7 | NTES | Netease Inc-adr | Stock-Comm Services | 4.12% | +1.36% | — | |
| 8 | ONC | Beone Medicines Ltd-adr | Stock-Other | 0.65% | +0.13% | — |
Portfolio Performance
Performance for Q3 2026
+0.3%
Performance Last 4 Quarters
-15.6%
- Stdev
- +33.1%
- Beta
- +0.23
- Alpha
- -34.7%
- Max Drawdown
- -20%
- Annualized Perf
- -28.8%
- Batting Avg vs S&P
- +16.7%
- Sortino
- -1.22
- Stutzer
- -0.27
- Treynor
- -1.26
- Sterling
- —
- Calmar
- -1.44
- Information Ratio
- -1.5
- Tracking Error
- +35.8%
- Stdev Down
- +23.8%
- Winning Months %
- +33.3%
- Losing Months %
- +66.7%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.33
- Sharpe
- -0.88
- Stdev Sectors
- +44.9%
- Skewness
- +0.9
- Kurtosis
- -0.45
- Upside Potential
- +1.36
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
True Light Capital Pte. Ltd.'s most significant position changes for 2026-06-30: Trim: Yum China Holdings Inc (YUMC) — shares -29.46%; Trim: Pdd Holdings Inc (PDD) — shares -5.95%; Trim: H World Group Ltd-adr (HTHT) — shares -0.36%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AS | Amer Sports, Inc. | +2.6% | — | Unchanged |
| 2 | NTES | Netease Inc-adr | +1.4% | — | Unchanged |
| 3 | HTHT | H World Group Ltd-adr | +1.3% | -0.36% | Trim |
| 4 | TCOM | Trip.com Group Ltd-adr | +0.4% | — | Unchanged |
| 5 | ONC | Beone Medicines Ltd-adr | +0.1% | — | Unchanged |
| 6 | BABA | Alibaba Group Holding-sp Adr | 0% | — | Unchanged |
| 7 | PDD | Pdd Holdings Inc | -2.7% | -5.95% | Trim |
| 8 | YUMC | Yum China Holdings Inc | -3.1% | -29.46% | Trim |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is True Light Capital Pte. Ltd. and what type of investor is it?
True Light Capital Pte. Ltd. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $151.7M, spread across 8 disclosed positions.
What are True Light Capital Pte. Ltd.'s largest equity positions?
Based on the latest 13F filing, True Light Capital Pte. Ltd.'s top holdings by market value are:
1. Pdd Holdings Inc (PDD) — $44.9M (29.6%)
2. H World Group Ltd-adr (HTHT) — $28.0M (18.5%)
3. Alibaba Group Holding-sp Adr (BABA) — $25.7M (16.9%)
4. Yum China Holdings Inc (YUMC) — $15.5M (10.2%)
5. Amer Sports, Inc. (AS) — $15.5M (10.2%)
What changes did True Light Capital Pte. Ltd. make in its most recent portfolio filing?
In the latest quarter, True Light Capital Pte. Ltd. took a more defensive posture — trimming 3 positions and completely exiting 0 holdings. The largest of these moves: Trim: Yum China Holdings Inc (YUMC) — shares -29.46%; Trim: Pdd Holdings Inc (PDD) — shares -5.95%; Trim: H World Group Ltd-adr (HTHT) — shares -0.36%
What sectors does True Light Capital Pte. Ltd. focus on?
True Light Capital Pte. Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 94.9%
• Communication Services: 5.1%
Investment Profile
True Light Capital Pte. Ltd. returned an annualized -28.8% over the trailing 6 months — underperforming the S&P 500 by 34.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.23 (less volatile than the market) and a 17% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 94.9% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 28 over the past 2 quarters — a shift toward more active trading.
It has added to its AS position over the past two quarters (+$3.3M, now $15.5M), while trimming PDD over the same stretch (-$23.4M, still holding $44.9M).
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Developer Access
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REST API
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