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First Beijing Investment Ltd

Q2 2025 · Filed 2025-08-15
Market Value
$1.8B
+22.5%
Holdings
9
-3
New Purchases
2
Added To
6
Closed
1
Reduced
0
Top 10 Concentration
100.0%
Turnover
33.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EDU 21.70% 18.07% +3.63% $384M
RLX 7.85% 5.34% +2.51% $139M
PDD 33.00% 31.62% +1.38% $584M
ATAT 10.75% 9.89% +0.86% $190M
AXTI 0.20% 0.00% +0.20% $4M
YMM 26.37% 26.31% +0.06% $466M
NOAH 0.12% 0.11% +0.01% $2M
API 0.00% 0.00% +0.00% $38K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SE 0.00% 8.66% -8.66% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $584M 33.0%
Mid Cap 5 $1.2B 66.9%
Small Cap 2 $2M 0.1%

Portfolio Analytics

Avg Market Cap
$24.3B
Median Market Cap
$6.5B
Avg P/E
18.1
Median P/E
17.3
Avg Dividend Yield
0.03%
Avg Beta
0.81
# Stocks
9
# ETFs / Funds
0

Top Holdings (9 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PDD 33.00% 5,577,852 $584M $104.66 $127M +1,720,629 +44.6%
2 YMM 26.37% 39,494,654 $466M $11.81 $87M +9,757,852 +32.8%
3 EDU 21.70% 7,115,332 $384M $53.95 $123M +1,658,954 +30.4%
4 ATAT 10.75% 5,849,962 $190M $32.51 $47M +813,607 +16.1%
5 RLX 7.85% 62,864,424 $139M $2.21 $62M +21,828,379 +53.2%
6 AXTI 0.20% 1,730,156 $4M $2.09 +1,730,156 NEW
7 NOAH 0.12% 175,328 $2M $11.94 $549K +11,885 +7.3%
8 API —% 9,900 $38K $3.81 +9,900 NEW
9 SE —% -$125M -957,702 -100.0% SOLD

New Positions

SymbolValue% Port
AXTI $4M 0.20%
API $38K —%

Sold Out Positions

SymbolValue% Port
SE —%
View SEC EDGAR Filings for First Beijing Investment Ltd →

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