Here are all of Flow’s holdings, as of November 3, 2025, comprising 20 or more publicly listed businesses (offense), and bond & money market funds (defense), sorted by category and portfolio weight :
OFFENSE
XL : LHN Group (https://www.lhngroup.com/)
XL : Venture Corp (https://www.venture.com.sg/)
L : Keppel Pacific Oak US Reit (https://www.koreusreit.com/)
L : Centurion Corp (https://centurioncorp.com.sg/)
5% : Haw Par Corp (https://www.hawpar.com/)
M : Hock Lian Seng (https://hlsgroup.com.sg/)
M : SBS Transit (https://www.sbstransit.com.sg/)
M : Stoneweg Europe Stapled Trust (https://stonewegeuropestapledtrust.com.sg/)
3% : Delfi Ltd (https://www.delfilimited.com/)
S : Bumitama Agri (https://bumitama-agri.com/)
S : Boustead Singapore (https://boustead.sg/)
S : Frencken (https://www.frenckengroup.com/)
S : Genting Singapore (https://gentingsingapore.com/#!/en)
2% : Far East Hospitality Trust (https://www.fehtrust.com/)
S : Propnex Ltd (https://www.propnex.com/)
S : HRnetGroup (https://www.hrnetgroup.com/)
S : Riverstone (https://www.riverstone.com.my/)
S : Kimly Group (https://kimlygroup.sg/)
S : The Hour Glass (https://www.thehourglass.com/)
1% : UOB Kayhian (https://www.uobkayhian.com/)
DEFENSE
XL : Phillip Money Market Fund (https://phillipfunds.com/phillip-sgd-money-market-fund/)
10% : LionGlobal Short Duration Bond Active ETF (https://www.lionglobalinvestors.com/en/fund-lionglobal-short-duration-bond-fund-active-etf-sgd-class.html)
7% : iShares USD Asia High Yield Bond ETF (https://www.blackrock.com/sg/en/products/251722/ishares-barclays-usd-asia-high-yield-bond-index-etf)
3% : iShares J.P. Morgan USD Asia Credit Bond ETF (https://www.blackrock.com/sg/en/products/251825/ishares-jp-morgan-usd-asia-credit-bond-index-etf)
(S : 1%-2% • M : 3%-4% • L : 5%-6% • XL : 7% and more)