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Ashoka Whiteoak Capital PTE LTD

CIK:0002031708
Investment Adviser
$0 AUM
16 holdings
Singapore, Singapore
Founded:2017
Latest filing:Sep 30, 2025

Ashoka WhiteOak Capital Pte. Ltd. is a Singapore-based boutique investment management and advisory firm founded by Prashant Khemka, former CIO and Lead Portfolio Manager of India Equity and Global Emerging Markets Equity at Goldman Sachs Asset Management. The firm is regulated by the Monetary Authority of Singapore, holds a Capital Markets Services License, and provides investment advice and management services to institutional and individual investors. The company focuses on a fair and transparent relationship with stakeholders. Estimated employee count is not disclosed but the firm is described as a boutique manager, implying a small dedicated team.

Investment Strategy

Ashoka WhiteOak Capital follows a bottom-up stock selection philosophy, investing in companies with a powerful combination of strong business fundamentals and attractive valuations. Their disciplined process, proprietary OpcoFinco analytical framework, and balanced portfolio construction ensure that alpha is a function of stock selection, minimizing non-stock specific risk factors over time. The firm seeks to deliver outsized returns by investing in great businesses at attractive values, grounded in fundamental research and disciplined risk management.

Latest 13F Filing Activity

Ashoka Whiteoak Capital PTE LTD filed their most recent 13F report on Sep 30, 2025 disclosing 15 equity positions with a total 13F market value of $257M. The fund increased holdings in Kanzhun Limited, Asml Holding N V, Mercadolibre Inc. among other positions. Ashoka Whiteoak Capital PTE LTD reduced exposure to HDFC Bank LTD, Icici Bank Limited, Infosys LTD among others.

Top Buys
B
BZKANZHUN LIMITED
+$1.5M
A
ASMLASML HOLDING N V
+$1.0M
M
MELIMERCADOLIBRE INC
+$941.0K
T
TMETENCENT MUSIC ENTMT GROUP
+$587.0K
H
HCCWARRIOR MET COAL INC
+$583.0K
Top Sells
H
HDBHDFC BANK LTD
-$22.6M
I
IBNICICI BANK LIMITED
-$18.8M
I
INFYINFOSYS LTD
-$1.7M
V
VTEXVTEX
-$564.0K
B
BAPCREDICORP LTD
+$246.0K

Top Holdings

I
IBNICICI BANK LIMITED
+74.2%$190.8M
H
HDBHDFC BANK LTD
+8.1%$20.8M
I
INFYINFOSYS LTD
+6.6%$16.9M
A
ASMLASML HOLDING N V
+2.2%$5.7M
M
MELIMERCADOLIBRE INC
+1.9%$4.8M

Equity Positions (15)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
ICICI BANK LIMITED74.25%$190.8M4,139,763$30.10$30.23-$18.8M
HDFC BANK LTD8.09%$20.8M521,000$56.50$34.16-$22.6M
INFOSYS LTD6.57%$16.9M530,000$21.52$16.27-$1.7M
ASML HOLDING N V2.20%$5.7M5,780$710.52$968.09+$1.0M
MERCADOLIBRE INC1.85%$4.8M1,870$2053.03$2336.94+$941.0K

Industry Allocation

COMMERCIAL BANKS, NEC
+82.9%
SERVICES-COMPUTER PROGRAMMING SERVICES
+6.7%
SERVICES-BUSINESS SERVICES, NEC
+2.7%
SPECIAL INDUSTRY MACHINERY, NEC
+2.2%
RADIO BROADCASTING STATIONS
+1.2%