TB Alternative Assets Ltd. 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
TB Alternative Assets Ltd. disclosed 44 US equity positions worth $430.4m in its Q1 2025 13F filing. The largest position was Z at 9.1% of the reported book, followed by CEG and META. Against the Q4 2024 filing, it opened 21 new positions, added to 12 and reduced 5 among the top 44 holdings.
What did TB Alternative Assets Ltd. own in Q1 2025? Top 44 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | Z ZILLOW GROUP INC - C Z US | Communication Services | 9.1% | $39.1m | 570,913 | 49% | added |
| 2 | CEG CONSTELLATION ENERGY CEG US | Utilities | 9.0% | $38.7m | 192,097 | 297% | added |
| 3 | META META PLATFORMS INC-CLASS A META US | Communication Services | 8.1% | $34.9m | 60,563 | – | new |
| 4 | GOOG ALPHABET INC-CL C GOOG US | Communication Services | 7.1% | $30.6m | 195,965 | 103% | added |
| 5 | BA BOEING CO/THE BA US | Industrials | 7.1% | $30.6m | 179,439 | -53% | reduced |
| 6 | ASML ASML HOLDING NV-NY REG SHS ASML US | Technology | 6.5% | $27.8m | 42,009 | 94% | added |
| 7 | TQQQ PROSHARES ULTRAPRO QQQ TQQQ US | 6.2% | $26.5m | 462,387 | – | new | |
| 8 | PDD PDD HOLDINGS INC PDD US | Consumer Cyclical | 5.5% | $23.7m | 199,887 | 15% | added |
| 9 | GBTC GRAYSCALE BITCOIN TRUST ETF GBTC US | 4.4% | $18.9m | 290,203 | 942% | added | |
| 10 | MRNA MODERNA INC MRNA US | Healthcare | 4.3% | $18.5m | 652,373 | – | new |
| 11 | AMZN AMAZON.COM INC AMZN US | Consumer Cyclical | 2.9% | $12.3m | 64,885 | 232% | added |
| 12 | LEU CENTRUS ENERGY CORP-CLASS A LEU US | Energy | 2.1% | $9.0m | 144,874 | 22% | added |
| 13 | SNAP SNAP INC - A SNAP US | Communication Services | 2.1% | $8.9m | 1,023,649 | -76% | reduced |
| 14 | SMCI SUPER MICRO COMPUTER INC SMCI US | Technology | 2.0% | $8.7m | 254,862 | – | new |
| 15 | NVDA NVIDIA CORP NVDA US | Technology | 1.9% | $8.4m | 77,381 | – | new |
| 16 | MU MICRON TECHNOLOGY INC MU US | Technology | 1.6% | $6.9m | 79,788 | 331% | added |
| 17 | YMM FULL TRUCK ALLIANCE -SPN ADR YMM US | Technology | 1.6% | $6.8m | 530,454 | 31% | added |
| 18 | YINN DRX DLY FTSE CHINA BULL 3X YINN US | 1.5% | $6.7m | 160,418 | -77% | reduced | |
| 19 | TSM TAIWAN SEMICONDUCTOR-SP ADR TSM US | Technology | 1.5% | $6.5m | 39,098 | – | new |
| 20 | DIS WALT DISNEY CO/THE DIS US | Communication Services | 1.4% | $6.2m | 62,728 | -39% | reduced |
| 21 | SMR NUSCALE POWER CORP SMR US | Industrials | 1.4% | $5.9m | 419,363 | – | new |
| 22 | BEKE KE HOLDINGS INC-ADR BEKE US | Real Estate | 1.2% | $5.3m | 265,711 | -48% | reduced |
| 23 | SNOW SNOWFLAKE INC-CLASS A SNOW US | Technology | 1.2% | $5.2m | 35,659 | 1189% | added |
| 24 | TTD TRADE DESK INC/THE -CLASS A TTD US | Communication Services | 1.2% | $5.0m | 91,203 | – | new |
| 25 | EBAY EBAY INC EBAY US | Consumer Cyclical | 1.0% | $4.3m | 63,703 | – | new |
| 26 | TNA DIREXION DLY SM CAP BULL 3X TNA US | 0.9% | $3.8m | 129,106 | 81% | added | |
| 27 | BNTX BIONTECH SE-ADR BNTX US | Healthcare | 0.8% | $3.6m | 38,996 | – | new |
| 28 | NBIS NEBIUS GROUP NV NBIS US | Communication Services | 0.7% | $3.0m | 140,090 | – | new |
| 29 | SY SO-YOUNG INTERNATIONAL-ADR | 0.6% | $2.5m | 3,067,873 | 0% | held | |
| 30 | ALNY ALNYLAM PHARMACEUTICALS INC ALNY US | Healthcare | 0.6% | $2.5m | 9,168 | – | new |
| 31 | TSLL DIREXION DAILY TSLA BULL 2X TSLL US | 0.5% | $2.2m | 230,762 | – | new | |
| 32 | NTES NETEASE INC-ADR NTES US | Communication Services | 0.5% | $2.1m | 20,595 | 0% | held |
| 33 | REGN REGENERON PHARMACEUTICALS REGN US | Healthcare | 0.5% | $2.0m | 3,158 | – | new |
| 34 | BILI BILIBILI INC-SPONSORED ADR BILI US | Communication Services | 0.4% | $1.8m | 95,683 | 0% | held |
| 35 | APP APPLOVIN CORP-CLASS A APP US | Communication Services | 0.4% | $1.7m | 6,418 | – | new |
| 36 | ZTO ZTO EXPRESS CAYMAN INC-ADR ZTO US | Industrials | 0.4% | $1.6m | 82,648 | – | new |
| 37 | TME TENCENT MUSIC ENTERTAINM-ADR TME US | Communication Services | 0.4% | $1.5m | 107,500 | 0% | held |
| 38 | MOGU MOGU INC-ADR | 0.4% | $1.5m | 689,100 | 0% | held | |
| 39 | CLS CELESTICA INC CLS US | Technology | 0.3% | $1.4m | 17,808 | – | new |
| 40 | DE DEERE & CO DE US | Industrials | 0.3% | $1.3m | 2,768 | – | new |
| 41 | CNH INDUSTRIAL NV CNH US | 0.3% | $1.3m | 103,798 | – | new | |
| 42 | LLY ELI LILLY & CO LLY US | Healthcare | 0.1% | $487.3k | 590 | – | new |
| 43 | SPOT SPOTIFY TECHNOLOGY SA SPOT US | Communication Services | 0.1% | $440.0k | 800 | – | new |
| 44 | YUNJI INC-ADR | 0.0% | $54.8k | 32,250 | 0% | held |
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.