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First Beijing Investment Ltd

Q4 2025 · Filed 2026-02-17
Market Value
$2.5B
-2.1%
Holdings
9
+1
New Purchases
1
Added To
5
Closed
1
Reduced
0
Top 10 Concentration
100.0%
Turnover
22.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EDU 21.93% 19.15% +2.78% $556M
ATAT 9.03% 8.23% +0.80% $229M
KSPI 0.35% 0.00% +0.35% $9M
NOAH 0.16% 0.08% +0.08% $4M
API 0.00% 0.00% +0.00% $40K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
YMM 32.42% 34.38% -1.95% $822M
PDD 30.33% 31.48% -1.15% $769M
RLX 5.78% 6.38% -0.61% $146M
AXTI 0.00% 0.30% -0.30% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $778M 30.7%
Mid Cap 5 $1.8B 69.2%
Small Cap 2 $4M 0.2%

Portfolio Analytics

Avg Market Cap
$20.3B
Median Market Cap
$6.5B
Avg P/E
14.9
Median P/E
15.7
Avg Dividend Yield
0.03%
Avg Beta
0.64
# Stocks
9
# ETFs / Funds
0

Top Holdings (9 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 YMM 32.42% 76,616,568 $822M $10.73 -$68M +7,970,988 +11.6%
2 PDD 30.33% 6,782,955 $769M $113.39 -$46M +614,234 +10.0%
3 EDU 21.93% 10,105,965 $556M $55.03 $60M +759,464 +8.1%
4 ATAT 9.03% 5,811,104 $229M $39.40 $16M +142,282 +2.5%
5 RLX 5.78% 62,864,424 $146M $2.33 -$19M
6 KSPI 0.35% 112,388 $9M $78.13 +112,388 NEW
7 NOAH 0.16% 392,527 $4M $10.04 $2M +217,199 +123.9%
8 API —% 9,900 $40K $4.07 $2K
9 AXTI —% -$8M -1,730,156 -100.0% SOLD

New Positions

SymbolValue% Port
KSPI $9M 0.35%

Sold Out Positions

SymbolValue% Port
AXTI —%
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