First Beijing Investment Ltd 13F holdings
First Beijing Investment Ltd reported 11 positions with a total reported value of $2.4B as of 2026-06-30, in its 13F for Q2 2026, filed 2026-08-12. Top holdings by reported value: YMM FULL TRUCK ALLIANCE CO LTD (30.5%), PDD PDD HOLDINGS INC (29.3%), EDU NEW ORIENTAL ED & TECHNOLOGY (16.4%), SE SEA LTD (12.2%), FUTU FUTU HLDGS LTD (5.3%). Against 2026-03-31 it opened 1 new position and exited 2. Next 13F due by 2026-11-14, the legal deadline 45 days after the quarter ending 2026-09-30.
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Top holdings
11 largest of 11 positions · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| YMM FULL TRUCK ALLIANCE CO LTD | 91,790,875 | $745.3M | 30.5% |
| PDD PDD HOLDINGS INC | 9,377,416 | $715.3M | 29.3% |
| EDU NEW ORIENTAL ED & TECHNOLOGY | 8,733,979 | $401.0M | 16.4% |
| SE SEA LTD | 3,109,067 | $297.9M | 12.2% |
| FUTU FUTU HLDGS LTD | 1,379,102 | $129.3M | 5.3% |
| RLX RLX TECHNOLOGY INC | 59,821,839 | $113.7M | 4.7% |
| KASPI KZ JSC | 424,613 | $36.8M | 1.5% |
| ZH ZHIHU INC | 551,048 | $1.7M | <0.1% |
| BZUN BAOZUN INC | 432,828 | $1.2M | <0.1% |
| DDL DINGDONG CAYMAN LTD | 622,432 | $1.2M | <0.1% |
| NOAH NOAH HLDGS LTD | 38,595 | $385.6K | <0.1% |
SEC FORM 13F · Q2 2026 · VALUES AS REPORTED, NOT PRICES
New positions this quarter
Held at 2026-06-30, not at 2026-03-31 · 1 in all · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| FUTU FUTU HLDGS LTD | 1,379,102 | $129.3M | 5.3% |
Sold out
Held at 2026-03-31, gone by 2026-06-30 · 2 in all · reported value as of 2026-03-31
Biggest increases and decreases
Positions held at both quarter ends, by change in shares · reported value as of 2026-06-30
Increases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| SE SEA LTD | 208,963 | 3,109,067 | +1,387.9% | $297.9M |
| PDD PDD HOLDINGS INC | 8,149,162 | 9,377,416 | +15.1% | $715.3M |
| YMM FULL TRUCK ALLIANCE CO LTD | 90,000,895 | 91,790,875 | +2.0% | $745.3M |
Decreases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| EDU NEW ORIENTAL ED & TECHNOLOGY | 8,995,258 | 8,733,979 | -2.9% | $401.0M |
| NOAH NOAH HLDGS LTD | 135,988 | 38,595 | -71.6% | $385.6K |
| KASPI KZ JSC | 434,350 | 424,613 | -2.2% | $36.8M |
| RLX RLX TECHNOLOGY INC | 60,129,671 | 59,821,839 | -0.5% | $113.7M |
| DDL DINGDONG CAYMAN LTD | 845,952 | 622,432 | -26.4% | $1.2M |
| BZUN BAOZUN INC | 444,328 | 432,828 | -2.6% | $1.2M |
CIK 1701717 · 13F FILINGS ON EDGAR · INFORMATIONAL ONLY
