Managers / Q4 2018 · view latest →
Serenity Capital LLC
CIK 0001706018 · SUITE 200, 530 LYTTON AVE, PALO ALTO, CA, 94301 · 6506173342
Summary
Serenity Capital LLC reported $259M in U.S.-listed holdings across 8 positions for Q4 2018.
The portfolio is heavily concentrated: TAL alone accounts for 55.5% of reported value.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ADR · 92.2% · $239M
- Other · 7.8% · $20M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TALTAL ED GROUP | NEW | +5.39M | 5.39M | +$144M | $144M |
| BRIGHT SCHOLAR ED HLDGS LTD | NEW | +5.07M | 5.07M | +$47M | $47M |
| VIOTVIOMI TECHNOLOGY CO LTD | NEW | +2.81M | 2.81M | +$22M | $22M |
| NEW ORIENTAL ED & TECH GRP I | NEW | +295.1K | 295.1K | +$16M | $16M |
| BABAALIBABA GROUP HLDG LTD | NEW | +100.0K | 100.0K | +$14M | $14M |
| PDDPINDUODUO INC | NEW | +400.0K | 400.0K | +$9M | $9M |
| PUXIN LTD | NEW | +680.0K | 680.0K | +$4M | $4M |
| NIUNIU TECHNOLOGIES | NEW | +547.4K | 547.4K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2018
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TALTAL ED GROUPhistory → | SPONSORED ADS | 55.51% | $144M | 5.39M |
| 2 | BRIGHT SCHOLAR ED HLDGS LTD | SPONSORED ADS | 18.02% | $47M | 5.07M |
| 3 | VIOTVIOMI TECHNOLOGY CO LTDhistory → | SPONSORED ADS | 8.45% | $22M | 2.81M |
| 4 | NEW ORIENTAL ED & TECH GRP I | SPON ADR | 6.24% | $16M | 295.1K |
| 5 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 5.29% | $14M | 100.0K |
| 6 | PDDPINDUODUO INChistory → | SPONSORED ADS | 3.46% | $9M | 400.0K |
| 7 | PUXIN LTD | ADS | 1.55% | $4M | 680.0K |
| 8 | NIUNIU TECHNOLOGIEShistory → | ADS | 1.48% | $4M | 547.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2025 | $167M | 7 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $0 | 1 | Jul 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $216M | 3 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $213M | 2 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $236M | 3 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $193M | 4 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $415M | 6 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $636M | 7 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $544M | 7 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $429M | 6 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $469M | 7 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $519M | 7 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $434M | 8 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $330M | 7 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $311M | 8 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $259M | 8 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.