First Beijing Investment LTD: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1701717) · Explore on the interactive board
First Beijing Investment LTD disclosed 11 US equity positions worth $2.4bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 12, 2026). Its largest position is YMM at 30.5% of the reported book, followed by PDD, EDU. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 4 equal-weight positions. Versus the prior filing it opened 1 new position, added to 3, reduced 6 and exited 2. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does First Beijing Investment LTD own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 1 new, 3 added, 6 reduced, 2 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 30.5% | $745.3m | 91,790,875 | 2% | added |
| 2 | PDD PDD HOLDINGS INC | Consumer Cyclical | 29.3% | $715.3m | 9,377,416 | 15% | added |
| 3 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 16.4% | $401.0m | 8,733,979 | -3% | reduced |
| 4 | SE SEA LTD | Consumer Cyclical | 12.2% | $297.9m | 3,109,067 | 1388% | added |
| 5 | FUTU FUTU HLDGS LTD | Financial Services | 5.3% | $129.3m | 1,379,102 | – | new |
| 6 | RLX RLX TECHNOLOGY INC | Consumer Defensive | 4.7% | $113.7m | 59,821,839 | -1% | reduced |
| 7 | KSPI KASPI KZ JSC | Technology | 1.5% | $36.8m | 424,613 | -2% | reduced |
| 8 | ZH ZHIHU INC | 0.1% | $1.7m | 551,048 | 0% | held | |
| 9 | BZUN BAOZUN INC | Consumer Cyclical | 0.1% | $1.2m | 432,828 | -3% | reduced |
| 10 | DDL DINGDONG CAYMAN LTD | 0.0% | $1.2m | 622,432 | -26% | reduced | |
| 11 | NOAH NOAH HLDGS LTD | 0.0% | $385.6k | 38,595 | -72% | reduced |
What did First Beijing Investment LTD sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| LEGN LEGEND BIOTECH CORP | 99.9% | $41.5m |
| API AGORA INC | 0.1% | $27.3k |
Sector mix
| Sector | Weight |
|---|---|
| Consumer Cyclical | 41.5% |
| Technology | 32.0% |
| Consumer Defensive | 21.1% |
| Financial Services | 5.3% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is First Beijing Investment LTD's portfolio?
Across every quarter First Beijing Investment LTD has filed, its median largest position is 33.2% of the book and its median top-ten weight is 100.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 2.0 completed holding spells, the median lasted 1.0 quarters; 11.0 positions are still open and their final length is unknown.