Latest First Beijing Investment Ltd Stock Portfolio
First Beijing Investment Ltd Performance:
2025 Q4: -9.76%YTD: 8.66%2024: 19.99%
Performance for 2025 Q4 is -9.76%, and YTD is 8.66%, and 2024 is 19.99%.
About First Beijing Investment Ltd and 13F Hedge Fund Stock Holdings
On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, First Beijing Investment Ltd reported an equity portfolio of $2.5 Billions as of 31 Dec, 2025.
The top stock holdings of First Beijing Investment Ltd are YMM, PDD, EDU. The fund has invested 32.4% of it's portfolio in FULL TRUCK ALLIANCE CO LTD and 30.3% of portfolio in PDD HOLDINGS INC.
The fund managers got completely rid off AXT INC (AXTI) stocks. First Beijing Investment Ltd opened new stock positions in KASPI KZ JSC. The fund showed a lot of confidence in some stocks as they added substantially to NOAH HLDGS LTD (NOAH), FULL TRUCK ALLIANCE CO LTD (YMM) and PDD HOLDINGS INC (PDD).
The top stock holdings of First Beijing Investment Ltd are YMM, PDD, EDU. The fund has invested 32.4% of it's portfolio in FULL TRUCK ALLIANCE CO LTD and 30.3% of portfolio in PDD HOLDINGS INC.
The fund managers got completely rid off AXT INC (AXTI) stocks. First Beijing Investment Ltd opened new stock positions in KASPI KZ JSC. The fund showed a lot of confidence in some stocks as they added substantially to NOAH HLDGS LTD (NOAH), FULL TRUCK ALLIANCE CO LTD (YMM) and PDD HOLDINGS INC (PDD).
First Beijing Investment Ltd Annual Return Estimates Vs S&P 500
Our best estimate is that First Beijing Investment Ltd made a return of -9.76% in the last quarter. In trailing 12 months, it's portfolio return was 8.66%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| kaspi kz jsc | 8,780,870 |
New stocks bought by First Beijing Investment Ltd
Additions
| Ticker | % Inc. |
|---|---|
| noah hldgs ltd | 123 |
| full truck alliance co ltd | 11.61 |
| pdd holdings inc | 9.96 |
| new oriental ed & technology | 8.13 |
| atour lifestyle holdings ltd | 2.51 |
Additions to existing portfolio by First Beijing Investment Ltd
Reductions
Sold off
| Ticker | $ Sold |
|---|---|
| axt inc | -7,768,400 |
First Beijing Investment Ltd got rid off the above stocks
Sector Distribution
First Beijing Investment Ltd has about 100% of it's holdings in Others sector.
- Others
| Sector | % |
|---|---|
| Others | 100 |
Market Cap. Distribution
First Beijing Investment Ltd has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.
- UNALLOCATED
| Category | % |
|---|---|
| UNALLOCATED | 100 |
Stocks belong to which Index?
About 0% of the stocks held by First Beijing Investment Ltd either belong to S&P 500 or RUSSELL 2000 index.
- Others
| Index | % |
|---|---|
| Others | 100 |
| Top 5 Winners (%) | % | |
|---|---|---|
| API | 6.5 % | |
| ATAT | 4.8 % | |
| EDU | 3.5 % | |
| Top 5 Winners ($) | $ | |
|---|---|---|
| EDU | 19.1 M | |
| ATAT | 10.4 M | |
| API | 0.0 M | |
| Top 5 Losers (%) | % | |
|---|---|---|
| YMM | -16.5 % | |
| PDD | -13.7 % | |
| RLX | -11.4 % | |
| NOAH | -10.1 % | |
| Top 5 Losers ($) | $ | |
|---|---|---|
| YMM | -162.7 M | |
| PDD | -121.6 M | |
| RLX | -18.9 M | |
| NOAH | -0.4 M | |
First Beijing Investment Ltd Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of First Beijing Investment Ltd
First Beijing Investment Ltd has 8 stocks in it's portfolio. YMM proved to be the most loss making stock for the portfolio. EDU was the most profitable stock for First Beijing Investment Ltd last quarter.
Last Reported on: 17 Feb, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| API | agora inc | 0.00 | 9,900 | 40,293 | unchanged | 0.00 | ||
| ATAT | atour lifestyle holdings ltd | 9.03 | 5,811,100 | 228,958,000 | added | 2.51 | ||
| AXTI | axt inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| EDU | new oriental ed & technology | 21.93 | 10,106,000 | 556,131,000 | added | 8.13 | ||
| NOAH | noah hldgs ltd | 0.16 | 392,527 | 3,940,970 | added | 123 | ||
| PDD | pdd holdings inc | 30.33 | 6,782,960 | 769,119,000 | added | 9.96 | ||
| RLX | rlx technology inc | 5.78 | 62,864,400 | 146,474,000 | unchanged | 0.00 | ||
| YMM | full truck alliance co ltd | 32.42 | 76,616,600 | 822,096,000 | added | 11.61 | ||
| kaspi kz jsc | 0.35 | 112,388 | 8,780,870 | new | ||||