Managers / Q1 2019 · view latest →
Serenity Capital LLC
CIK 0001706018 · SUITE 200, 530 LYTTON AVE, PALO ALTO, CA, 94301 · 6506173342
Summary
Serenity Capital LLC reported $311M in U.S.-listed holdings across 8 positions for Q1 2019.
The portfolio is heavily concentrated: TAL alone accounts for 56.7% of reported value.
Compared with Q4 2018, the fund opened 1 new position and exited 1.
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 · 89.9% · $280M
- Other · 10.1% · $31M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2018 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NIONIO INC | NEW | +2.49M | 2.49M | +$13M | $13M |
| PDDPINDUODUO INC | SOLD OUT | −400.0K | 0 | −$9M | $0 |
| BRIGHT SCHOLAR ED HLDGS LTD | TRIMMED | −1.57M | 3.50M | −$11M | $36M |
| NIUNIU TECHNOLOGIES | ADDED | +102.3K | 649.7K | +$1M | $5M |
| TALTAL EDUCATION GROUP | TRIMMED | −502.0K | 4.89M | +$33M | $177M |
| NEW ORIENTAL ED & TECH GRP I | HELD | +0 | 295.1K | +$10M | $27M |
| VIOTVIOMI TECHNOLOGY CO LTD | HELD | +0 | 2.81M | +$9M | $31M |
| BABAALIBABA GROUP HLDG LTD | HELD | +0 | 100.0K | +$5M | $18M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TALTAL EDUCATION GROUPhistory → | SPONSORED ADS | 56.70% | $177M | 4.89M |
| 2 | BRIGHT SCHOLAR ED HLDGS LTD | SPONSORED ADS | 11.62% | $36M | 3.50M |
| 3 | VIOTVIOMI TECHNOLOGY CO LTDhistory → | SPONSORED ADS | 9.99% | $31M | 2.81M |
| 4 | NEW ORIENTAL ED & TECH GRP I | SPON ADR | 8.54% | $27M | 295.1K |
| 5 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 5.86% | $18M | 100.0K |
| 6 | NIONIO INChistory → | SPON ADS | 4.09% | $13M | 2.49M |
| 7 | NIUNIU TECHNOLOGIEShistory → | ADS | 1.69% | $5M | 649.7K |
| 8 | PUXIN LTD | ADS | 1.51% | $5M | 680.0K |
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 ↗.