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TB Alternative Assets Ltd.

C/O MAPLES CORPORATE SERVICES LIMITED UGLAND HOUSE, GRAND CAYMAN • 852-3727-0300

Q2 2025 · Filed 2025-07-16
Market Value
$539M
+25.6%
Holdings
51
-10
New Purchases
9
Added To
5
Closed
12
Reduced
14
Top 10 Concentration
76.0%
Turnover
41.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INTC 8.34% 0.00% +8.34% $45M
COIN 7.61% 0.00% +7.61% $41M
AEM 7.54% 0.00% +7.54% $41M
GOOG 9.95% 7.14% +2.81% $54M
MRNA 6.46% 4.31% +2.15% $35M
EBAY 2.55% 1.01% +1.54% $14M
SRAD 1.46% 0.00% +1.46% $8M
SY 1.77% 0.59% +1.17% $10M
UNH 0.98% 0.00% +0.98% $5M
TAL 0.86% 0.00% +0.86% $5M
CEG 9.83% 9.03% +0.80% $53M
CLF 0.47% 0.00% +0.47% $3M
GS 0.26% 0.00% +0.26% $1M
Z 9.31% 9.13% +0.19% $50M
CRCL 0.07% 0.00% +0.07% $363K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BA 0.33% 7.14% -6.80% $2M
TQQQ 0.00% 6.18% -6.18% $0
SNAP 0.00% 2.08% -2.08% $0
SMCI 0.00% 2.03% -2.03% $0
NVDA 0.00% 1.96% -1.96% $0
TSM 0.00% 1.51% -1.51% $0
DIS 0.00% 1.44% -1.44% $0
PDD 4.14% 5.52% -1.38% $22M
SNOW 0.00% 1.22% -1.22% $0
TTD 0.00% 1.16% -1.16% $0
ASML 5.39% 6.49% -1.10% $29M
TNA 0.00% 0.88% -0.88% $0
SMR 0.59% 1.38% -0.80% $3M
META 7.42% 8.14% -0.72% $40M
GBTC 3.70% 4.41% -0.71% $20M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 24.0%
Communication Services 22.7%
Energy 18.2%
Consumer Cyclical 10.9%
Technology 8.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 11 $194M 36.0%
Large Cap 27 $246M 45.6%
Mid Cap 11 $84M 15.7%
Small Cap 1 $5M 0.9%
Micro Cap 1 $10M 1.8%

Portfolio Analytics

Avg Market Cap
$428.3B
Median Market Cap
$40.7B
Avg P/E
35.2
Median P/E
30.1
Avg Dividend Yield
0.01%
Avg Beta
1.34
# Stocks
46
# ETFs / Funds
5

Top Holdings (51 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOG 9.95% 302,032 $54M $177.39 $23M +106,067 +54.1%
2 CEG 9.83% 163,949 $53M $322.76 $14M -28,148 -14.7%
3 Z 9.31% 715,951 $50M $70.05 $11M +145,038 +25.4%
4 INTC 8.34% 2,005,706 $45M $22.40 +2,005,706 NEW
5 COIN 7.61% 116,986 $41M $350.49 +116,986 NEW
6 AEM 7.54% 341,617 $41M $118.93 +341,617 NEW
7 META 7.42% 54,103 $40M $738.09 $5M -6,460 -10.7%
8 MRNA 6.46% 1,260,953 $35M $27.59 $16M +608,580 +93.3%
9 ASML 5.39% 36,244 $29M $801.39 $1M -5,765 -13.7%
10 PDD 4.14% 212,888 $22M $104.66 -$1M +13,001 +6.5%
11 GBTC 3.70% 234,675 $20M $84.83 $995K -55,528 -19.1%
12 AMZN 2.64% 64,885 $14M $219.39 $2M
13 EBAY 2.55% 184,169 $14M $74.46 $9M +120,466 +189.1%
14 SY 1.77% 3,067,873 $10M $3.10 $7M
15 SRAD 1.46% 280,769 $8M $28.08 +280,769 NEW
16 LEU 1.42% 41,707 $8M $183.18 -$1M -103,167 -71.2%
17 YMM 1.16% 530,454 $6M $11.81 -$509K
18 UNH 0.98% 16,859 $5M $311.97 +16,859 NEW
19 YINN 0.94% 123,359 $5M $40.98 -$2M -37,059 -23.1%
20 MU 0.91% 39,894 $5M $123.25 -$2M -39,894 -50.0%
21 BEKE 0.88% 265,711 $5M $17.74 -$624K
22 TAL 0.86% 454,800 $5M $10.22 +454,800 NEW
23 SMR 0.59% 80,237 $3M $39.56 -$3M -339,126 -80.9%
24 BNTX 0.57% 28,917 $3M $106.47 -$472K -10,079 -25.9%
25 NTES 0.51% 20,595 $3M $134.58 $652K
26 CLF 0.47% 333,887 $3M $7.60 +333,887 NEW
27 TME 0.39% 107,500 $2M $19.49 $546K
28 BILI 0.38% 95,683 $2M $21.45 $224K
29 BA 0.33% 8,550 $2M $209.53 -$29M -170,889 -95.2%
30 REGN 0.31% 3,158 $2M $525.00 -$345K
31 ZTO 0.27% 82,648 $1M $17.75 -$173K
32 GS 0.26% 2,000 $1M $707.75 +2,000 NEW
33 DE 0.13% 1,384 $704K $508.49 -$595K -1,384 -50.0%
34 CNHI 0.12% 51,899 $673K $12.96 -$602K -51,899 -50.0%
35 SPOT 0.11% 800 $614K $767.34 $174K
36 LLY 0.09% 590 $460K $779.53 -$27K
37 ALNY 0.08% 1,259 $411K $326.09 -$2M -7,909 -86.3%
38 CRCL 0.07% 2,000 $363K $181.29 +2,000 NEW
39 YNDX 0.04% 4,270 $236K $55.33 -$3M -135,820 -97.0%
40 CLS —% -$1M -17,808 -100.0% SOLD
41 DIS —% -$6M -62,728 -100.0% SOLD
42 SNOW —% -$5M -35,659 -100.0% SOLD
43 APP —% -$2M -6,418 -100.0% SOLD
44 SMCI —% -$9M -254,862 -100.0% SOLD
45 TTD —% -$5M -91,203 -100.0% SOLD
46 NVDA —% -$8M -77,381 -100.0% SOLD
47 TNA —% -$4M -129,106 -100.0% SOLD
48 TSM —% -$6M -39,098 -100.0% SOLD
49 SNAP —% -$9M -1,023,649 -100.0% SOLD
50 TQQQ —% -$26M -462,387 -100.0% SOLD
51 TSLL —% -$2M -230,762 -100.0% SOLD

New Positions

SymbolValue% Port
INTC $45M 8.34%
COIN $41M 7.61%
AEM $41M 7.54%
SRAD $8M 1.46%
UNH $5M 0.98%
TAL $5M 0.86%
CLF $3M 0.47%
GS $1M 0.26%
CRCL $363K 0.07%

Sold Out Positions

SymbolValue% Port
DIS —%
SNOW —%
CLS —%
TSM —%
APP —%
TQQQ —%
TSLL —%
SMCI —%
NVDA —%
SNAP —%
TNA —%
TTD —%
View SEC EDGAR Filings for TB Alternative Assets Ltd. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms