First Beijing Investment LTD 13F holdings, Q2 2026
Holdings as of June 30, 2026 · filings on SEC EDGAR · this is the latest filing on record
First Beijing Investment LTD disclosed 11 US equity positions worth $2.4bn in its Q2 2026 13F filing. The largest position was YMM at 30.5% of the reported book, followed by PDD and EDU. Against the Q1 2026 filing, it opened 1 new position, added to 3 and reduced 6 among the top 11 holdings.
What did First Beijing Investment LTD own in Q2 2026? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2026 |
|---|---|---|---|---|---|---|---|
| 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 |
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.