Kontiki Capital Management (HK) portfolio

What changed this quarter

7 positions with a change (5 added to, 2 trimmed). 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Nu Holdings+20%more sharesIncreased
  32.9% → 34.2%
• Hdfc Bank+20%more sharesIncreased
  12.3% → 14.3%
• Sea−11%fewer sharesReduced
  12.3% → 11.9%
• Coupang+10%more sharesIncreased
  15.7% → 14.9%
• Sirius XM Holdings+6.8%more sharesIncreased
  9.2% → 11.8%
• H World Group+6.8%more sharesIncreased
  12.5% → 10.3%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Nu HoldingsNU34.2%Since Q1 2022 · 18 quartersDetails ▾
• CoupangCPNG14.9%Since Q1 2022 · 18 quartersDetails ▾
• Hdfc BankHDB14.3%Since Q2 2024 · 9 quartersDetails ▾
• SeaSE11.9%Since Q4 2019 · 27 quartersDetails ▾
• Sirius XM HoldingsSIRI11.8%Since Q2 2025 · 5 quartersDetails ▾
• H World GroupHTHT10.3%Since Q3 2025 · 4 quartersDetails ▾
• Liberty CapitalGLIBK2.6%Since Q4 2025 · 3 quartersDetails ▾

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.