First Beijing Investment Ltd 13F holdings, Q4 2024
Holdings as of December 31, 2024 · filings on SEC EDGAR · latest filing →
First Beijing Investment Ltd disclosed 12 US equity positions worth $1.4bn in its Q4 2024 13F filing. The largest position was PDD at 25.9% of the reported book, followed by YMM and SE. Against the Q3 2024 filing, it opened 2 new positions, added to 5 and reduced 4 among the top 12 holdings.
What did First Beijing Investment Ltd own in Q4 2024? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2024 |
|---|---|---|---|---|---|---|---|
| 1 | PDD PDD HOLDINGS INC | Consumer Cyclical | 25.9% | $365.2m | 3,765,809 | 6% | added |
| 2 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 24.0% | $338.0m | 31,241,548 | 127% | added |
| 3 | SE SEA LTD | Consumer Cyclical | 19.3% | $271.3m | 2,557,398 | 1% | added |
| 4 | ATAT ATOUR LIFESTYLE HOLDINGS LTD | Consumer Cyclical | 10.4% | $146.1m | 5,431,906 | -4% | reduced |
| 5 | VIPS VIPSHOP HLDGS LTD | Consumer Cyclical | 9.4% | $132.5m | 9,837,776 | 29% | added |
| 6 | RLX RLX TECHNOLOGY INC | Consumer Defensive | 3.6% | $50.5m | 23,374,885 | -18% | reduced |
| 7 | BILI BILIBILI INC | Communication Services | 2.2% | $30.6m | 1,690,360 | -55% | reduced |
| 8 | LI LI AUTO INC | Consumer Cyclical | 2.1% | $30.1m | 1,254,400 | 0% | held |
| 9 | MOMO HELLO GROUP INC | Communication Services | 1.5% | $21.2m | 2,750,093 | -32% | reduced |
| 10 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 1.2% | $16.7m | 260,097 | – | new |
| 11 | LX LEXINFINTECH HLDGS LTD | Financial Services | 0.3% | $4.8m | 824,475 | – | new |
| 12 | NOAH NOAH HLDGS LTD | 0.1% | $1.6m | 136,733 | 10% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.