Managers / Q4 2019 · view latest →
Serenity Capital LLC
CIK 0001706018 · SUITE 200, 530 LYTTON AVE, PALO ALTO, CA, 94301 · 6506173342
Summary
Serenity Capital LLC reported $519M in U.S.-listed holdings across 7 positions for Q4 2019.
The portfolio is heavily concentrated: BABA alone accounts for 41.2% of reported value.
Compared with Q3 2019, the fund opened 0 new positions 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 · 98.9% · $514M
- Other · 1.1% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JDJD COM INC | SOLD OUT | −172.8K | 0 | −$5M | $0 |
| NIUNIU TECHNOLOGIES | TRIMMED | −211.1K | 403.4K | −$2M | $3M |
| IQIQIYI INC | TRIMMED | −300.0K | 2.27M | +$6M | $48M |
| TALTAL EDUCATION GROUP | TRIMMED | −497.5K | 4.28M | +$43M | $206M |
| BABAALIBABA GROUP HLDG LTD | HELD | +0 | 1.01M | +$45M | $214M |
| BRIGHT SCHOLAR ED HLDGS LTD | HELD | +0 | 2.20M | −$2M | $19M |
| VIOTVIOMI TECHNOLOGY CO LTD | HELD | +0 | 2.81M | −$309,000 | $23M |
| PUXIN LTD | HELD | +0 | 680.0K | +$156,000 | $6M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 41.24% | $214M | 1.01M |
| 2 | TALTAL EDUCATION GROUPhistory → | SPONSORED ADS | 39.72% | $206M | 4.28M |
| 3 | IQIQIYI INChistory → | SPONSORED ADS | 9.22% | $48M | 2.27M |
| 4 | VIOTVIOMI TECHNOLOGY CO LTDhistory → | SPONSORED ADS | 4.35% | $23M | 2.81M |
| 5 | BRIGHT SCHOLAR ED HLDGS LTD | SPONSORED ADS | 3.73% | $19M | 2.20M |
| 6 | PUXIN LTD | ADS | 1.07% | $6M | 680.0K |
| 7 | NIUNIU TECHNOLOGIES | ADS | 0.66% | $3M | 403.4K |
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 ↗.