Broad Peak Investment Advisers Pte Ltd

The portfolio experienced modest growth of 2.7% during the quarter, increasing from $320.81 million. However, the underlying composition shifted dramatically. The manager executed a major rotation, liquidating 8 positions entirely (including significant stakes in major blue-chip stocks) and initiating 5 new positions. This suggests an active management style that is not tied to benchmark hugging, but rather seeks alpha through idiosyncratic stock selection. The portfolio is heavily skewed towards equities, with a negligible allocation to ETFs (1.82%).

Key Holdings