Serenity Capital LLC

High-turnover traderConcentrated strategyContrarian

Total reported value

$167.1M

Reporting period: 2025-03-31 · Number of holdings: 7

Serenity Capital LLC disclosed 7 holdings in its latest 13F filing for the period ending 2025-03-31, with total reported value of $167.1M and a quarterly turnover rate of 100.0%.

Personality snowflake

Concentration: 100
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 0
Diversification: 14
Sizing Uniformity: 85.58

Recent moves

Trim ZTO
　-$80.6M
New buy BZ
New buy QFIN
New buy EDU
Sold out BEDUUSD
New buy MNSO

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ZTO	Zto Express Cayman Inc-adr	Stock-Other	60.03%	-33.89%	—
2	BZ	Kanzhun LTD - Adr	Stock-Other	13.77%	+13.77%	NEW
3	QFIN	Qfin Holdings Inc-adr	Stock-Other	9.16%	+9.16%	NEW
4	EDU	New Oriental Educatio-sp Adr	Stock-Consumer Staples	7.02%	+7.02%	NEW
5	MNSO	Miniso Group Holding Ltd-adr	Stock-Other	5.13%	+5.13%	NEW
6	ATAT	Atour Lifestyle Holdings-adr	Stock-Other	4.66%	+4.66%	NEW
7	TAL	Tal Education Group- Adr	Stock-Consumer Staples	0.23%	+0.23%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-03-31	7	$167.1M	100	1ZTO 2BZ 3QFIN Top holdings2025-03-31 1.ZTO 2.BZ 3.QFIN 4.EDU 5.MNSO 6.ATAT 7.TAL
2022-06-30	1	—	0
2022-03-31	3	$216.3M	0	1ZTO 2HTHT 3BEDUUSD Top holdings2022-03-31 1.ZTO 2.HTHT 3.BEDUUSD
2021-12-31	2	$212.8M	0	1ZTO 2BEDUUSD Top holdings2021-12-31 1.ZTO 2.BEDUUSD
2021-09-30	3	$235.5M	0	1ZTO 2BEDUUSD374704P Top holdings2021-09-30 1.ZTO 2.BEDUUSD 3.74704P
2021-06-30	4	$192.6M	100	1ZTO 2BEDUUSD374704P Top holdings2021-06-30 1.ZTO 2.BEDUUSD 3.74704P 4.BEKE
2021-03-31	6	$415.0M	66	1EDU 2TAL 3ZTO Top holdings2021-03-31 1.EDU 2.TAL 3.ZTO 4.BEDUUSD 5.74704P 6.BEKE
2020-12-31	7	$636.2M	35	1TAL 2BABA 3EDU Top holdings2020-12-31 1.TAL 2.BABA 3.EDU 4.VIOT 5.BEDUUSD 6.74704P 7.BEKE
2020-09-30	7	$544.5M	25	1BABA 2TAL 3EDU Top holdings2020-09-30 1.BABA 2.TAL 3.EDU 4.VIOT 5.BEDUUSD 6.74704P 7.BEKE
2020-06-30	6	$429.1M	34	1BABA 2TAL 3BEDUUSD Top holdings2020-06-30 1.BABA 2.TAL 3.BEDUUSD 4.VIOT 5.74704P 6.EDU
2020-03-31	7	$468.5M	39	1BABA 2TAL 3TCOM Top holdings2020-03-31 1.BABA 2.TAL 3.TCOM 4.IQ 5.BEDUUSD 6.VIOT 7.74704P
2019-12-31	7	$519.4M	22	1BABA 2TAL 3IQ Top holdings2019-12-31 1.BABA 2.TAL 3.IQ 4.VIOT 5.BEDUUSD 6.74704P 7.NIU
2019-09-30	8	$433.6M	33	1BABA 2TAL 3IQ Top holdings2019-09-30 1.BABA 2.TAL 3.IQ 4.VIOT 5.BEDUUSD 6.74704P 7.NIU 8.JD
2019-06-30	7	$330.3M	80	1TAL 2BABA 3IQ Top holdings2019-06-30 1.TAL 2.BABA 3.IQ 4.VIOT 5.BEDUUSD 6.74704P 7.NIU
2019-03-31	8	$311.3M	32	1TAL 2BEDUUSD 3VIOT Top holdings2019-03-31 1.TAL 2.BEDUUSD 3.VIOT 4.EDU 5.BABA 6.NIO 7.NIU 8.74704P
2018-12-31	8	$259.2M	20	1TAL 2BEDUUSD 3VIOT Top holdings2018-12-31 1.TAL 2.BEDUUSD 3.VIOT 4.EDU 5.BABA 6.PDD 7.74704P 8.NIU
2018-09-30	6	$266.4M	72	1TAL 2BEDUUSD 3VIOT Top holdings2018-09-30 1.TAL 2.BEDUUSD 3.VIOT 4.EDU 5.PDD 6.74704P
2018-06-30	5	$454.2M	48	1TAL 2JD 3BEDUUSD Top holdings2018-06-30 1.TAL 2.JD 3.BEDUUSD 4.EDU 5.74704P
2018-03-31	8	$546.7M	36	1TAL 2BEDUUSD 3JD Top holdings2018-03-31 1.TAL 2.BEDUUSD 3.JD 4.EDU 5.IQ 6.68276W 7.WUBAUSD 8.35101A
2017-12-31	6	$391.6M	90	1TAL 2BEDUUSD 3JD Top holdings2017-12-31 1.TAL 2.BEDUUSD 3.JD 4.EDU 5.WUBAUSD 6.35101A
2017-09-30	7	$362.1M	47	1BEDUUSD 2JD 3VIPS Top holdings2017-09-30 1.BEDUUSD 2.JD 3.VIPS 4.TAL 5.WUBAUSD 6.74979W 7.TOUR
2017-06-30	6	$355.3M	29	1JD 2WUBAUSD 3VIPS Top holdings2017-06-30 1.JD 2.WUBAUSD 3.VIPS 4.BEDUUSD 5.TAL 6.TOUR
2017-03-31	5	$267.0M	0	1VIPS 2JD 3WUBAUSD Top holdings2017-03-31 1.VIPS 2.JD 3.WUBAUSD 4.TAL 5.TOUR

Holding changes this quarter

Serenity Capital LLC's most significant position changes for 2025-03-31: New buy: Kanzhun LTD - Adr (BZ); New buy: Qfin Holdings Inc-adr (QFIN); New buy: New Oriental Educatio-sp Adr (EDU); Sold out: Bright Scholar Education-adr (BEDUUSD); New buy: Miniso Group Holding Ltd-adr (MNSO).

Position changes disclosed by Serenity Capital LLC for the quarter ending 2025-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ZTO	Zto Express Cayman Inc-adr	-33.9%	—	Trim
2	BZ	Kanzhun LTD - Adr	—	NEW	New buy
3	QFIN	Qfin Holdings Inc-adr	—	NEW	New buy
4	EDU	New Oriental Educatio-sp Adr	—	NEW	New buy
5	BEDUUSD	Bright Scholar Education-adr	—	EXIT	Sold out
6	MNSO	Miniso Group Holding Ltd-adr	—	NEW	New buy
7	ATAT	Atour Lifestyle Holdings-adr	—	NEW	New buy
8	✓	Puxin LTD	—	EXIT	Sold out
9	BEKE	Ke Holdings Inc-adr	—	EXIT	Sold out
10	TAL	Tal Education Group- Adr	—	NEW	New buy

FAQ

What is Serenity Capital LLC and what type of investor is it?

Serenity Capital LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-03-31), the firm manages a tracked equity portfolio valued at approximately $167.1M, spread across 7 disclosed positions.

What are Serenity Capital LLC's largest equity positions?

Based on the latest 13F filing, Serenity Capital LLC's top holdings by market value are: 1. Zto Express Cayman Inc-adr (ZTO) — $100.3M (60.0%) 2. Kanzhun LTD - Adr (BZ) — $23.0M (13.8%) 3. Qfin Holdings Inc-adr (QFIN) — $15.3M (9.2%) 4. New Oriental Educatio-sp Adr (EDU) — $11.7M (7.0%) 5. Miniso Group Holding Ltd-adr (MNSO) — $8.6M (5.1%)

What changes did Serenity Capital LLC make in its most recent portfolio filing?

In the latest reported quarter, Serenity Capital LLC made 10 notable position adjustments: 6 new positions were initiated, 0 existing holdings were added to, 1 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Kanzhun LTD - Adr (BZ); New buy: Qfin Holdings Inc-adr (QFIN); New buy: New Oriental Educatio-sp Adr (EDU); Sold out: Bright Scholar Education-adr (BEDUUSD); New buy: Miniso Group Holding Ltd-adr (MNSO)

What sectors does Serenity Capital LLC focus on?

Serenity Capital LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Staples: 100.0%