First Beijing Investment LTD 13F holdings, Q1 2026
Holdings as of March 31, 2026 · filings on SEC EDGAR · latest filing →
First Beijing Investment LTD disclosed 12 US equity positions worth $2.3bn in its Q1 2026 13F filing. The largest position was PDD at 35.9% of the reported book, followed by YMM and EDU.
What did First Beijing Investment LTD own in Q1 2026? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs prior |
|---|---|---|---|---|---|---|---|
| 1 | PDD PDD HOLDINGS INC | Consumer Cyclical | 35.9% | $832.7m | 8,149,162 | – | |
| 2 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 32.2% | $747.0m | 90,000,895 | – | |
| 3 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 22.0% | $509.4m | 8,995,258 | – | |
| 4 | RLX RLX TECHNOLOGY INC | Consumer Defensive | 5.7% | $132.3m | 60,129,671 | – | |
| 5 | LEGN LEGEND BIOTECH CORP | Healthcare | 1.8% | $41.5m | 2,296,335 | – | |
| 6 | KSPI KASPI KZ JSC | Technology | 1.4% | $32.2m | 434,350 | – | |
| 7 | SE SEA LTD | Consumer Cyclical | 0.7% | $17.3m | 208,963 | – | |
| 8 | DDL DINGDONG CAYMAN LTD | 0.1% | $2.2m | 845,952 | – | ||
| 9 | ZH ZHIHU INC | 0.1% | $1.6m | 551,048 | – | ||
| 10 | NOAH NOAH HLDGS LTD | 0.1% | $1.3m | 135,988 | – | ||
| 11 | BZUN BAOZUN INC | Consumer Cyclical | 0.0% | $1.1m | 444,328 | – | |
| 12 | API AGORA INC | Technology | 0.0% | $27.3k | 7,700 | – |
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.