First Beijing Investment Ltd reported 11 positions worth $2.44B for the quarter ended Jun 30, 2026, up 5.4% on the prior quarter. It opened 1 new position, added to 3, trimmed 6 and exited 2. Its largest holding is Full Truck Alliance Co. Ltd. at 30.5% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| LEGN Legend Biotech Corp | -2.30M | -100.0% | $41.54M | Exited |
| EDU New Oriental Education & Technology Group Inc. | -261.3K | -2.9% | $12.00M | 16.41% |
| NOAH Noah Holdings Ltd | -97.4K | -71.6% | $972.96K | 0.016% |
| KSPI Joint Stock Co Kaspi.kz | -9,737 | -2.2% | $843.61K | 1.51% |
| RLX RLX Technology Inc. | -307.8K | -0.5% | $584.88K | 4.65% |
| DDL Dingdong (Cayman) Ltd | -223.5K | -26.4% | $431.39K | 0.049% |
| BZUN Baozun Inc. | -11.5K | -2.6% | $32.54K | 0.05% |
| API Agora, Inc. | -7,700 | -100.0% | $27.26K | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| FUTU Futu Holdings Ltd | +1.38M | $129.28M | 5.29% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | YMM Full Truck Alliance Co. Ltd. | Technology | 91.79M | $745.34M | 30.5% | +1.79M | +2.0% | Added | 8.81% |
| 2 | PDD PDD Holdings Inc. | Technology | 9.38M | $715.31M | 29.27% | +1.23M | +15.1% | Added | 0.66% |
| 3 | EDU New Oriental Education & Technology Group Inc. | Consumer Discretionary | 8.73M | $400.98M | 16.41% | -261.3K | -2.9% | Reduced | 5.64% |
| 4 | SE Sea Ltd | Technology | 3.11M | $297.94M | 12.19% | +2.90M | +1,387.9% | Added | 0.52% |
| 5 | FUTU Futu Holdings Ltd | Financial Services | 1.38M | $129.28M | 5.29% | +1.38M | – | New | 0.98% |
| 6 | RLX RLX Technology Inc. | Consumer Staples | 59.82M | $113.66M | 4.65% | -307.8K | -0.5% | Reduced | 4.89% |
| 7 | KSPI Joint Stock Co Kaspi.kz | Financial Services | 424.6K | $36.79M | 1.51% | -9,737 | -2.2% | Reduced | 0.22% |
| 8 | ZH Zhihu Inc. | Technology | 551.0K | $1.72M | 0.071% | 0 | 0.0% | Unchanged | 0.68% |
| 9 | BZUN Baozun Inc. | Technology | 432.8K | $1.22M | 0.05% | -11.5K | -2.6% | Reduced | 0.81% |
| 10 | DDL Dingdong (Cayman) Ltd | Consumer Staples | 622.4K | $1.20M | 0.049% | -223.5K | -26.4% | Reduced | 0.19% |
| 11 | NOAH Noah Holdings Ltd | Financial Services | 38.6K | $385.56K | 0.016% | -97.4K | -71.6% | Reduced | 0.06% |
Tip. Select a row to see that position’s full history at First Beijing Investment.
As of its Q2 2026 13F filing, First Beijing Investment Ltd’s five largest positions were Full Truck Alliance Co. Ltd. (YMM) at 30.5%, PDD Holdings Inc. (PDD) at 29.3%, New Oriental Education & Technology Group Inc. (EDU) at 16.4%, Sea Ltd (SE) at 12.2%, Futu Holdings Ltd (FUTU) at 5.3% of the reported portfolio.
First Beijing Investment Ltd reported a 13F portfolio worth $2.44B across 11 positions for Q2 2026. That is up 5.4% from the previous quarter.
Its largest purchases by value were Sea Ltd ($277.92M), Futu Holdings Ltd ($129.28M), PDD Holdings Inc. ($93.69M). It opened 1 new positions.
Its largest sales by value were Legend Biotech Corp ($41.54M), New Oriental Education & Technology Group Inc. ($12.00M), Noah Holdings Ltd ($972.96K). It exited 2 positions entirely.
From the Form 13F-HR reports First Beijing Investment Ltd files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.