HELIOS CAPITAL MANAGEMENT PTE. LTD

The portfolio is characterized by a blend of passive exposure through ETFs and concentrated bets on specific growth themes, particularly in technology, financial services, and consumer cyclicals. Notably, the fund currently holds no "Sold Out" positions for this period, suggesting a strategy of capital accumulation and deployment rather than distribution. The top 10 holdings account for approximately 63.4% of the total portfolio value, indicating a conviction-based approach to the largest allocations.

Key Holdings

The portfolio is anchored by three major positions, each representing roughly 8.5% to 9% of the total assets:

1. QQQM (Invesco Nasdaq 100 ETF): At $12.97M (8.91%), this is the largest holding. It provides broad exposure to large-cap growth and technology companies, serving as a core liquidity and growth vehicle.
2. GLD (SPDR Gold Trust): The second-largest position at $12.68M (8.71%) suggests a defensive tilt. This allocation to gold acts as a hedge against inflation or market volatility, balancing the equity-heavy risk profile.
3. HDB (HDFC Bank Ltd): The largest single equity position at $12.33M (8.47%) underscores a strong conviction in the Indian financial sector.