TB Alternative Assets Ltd. 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
TB Alternative Assets Ltd. disclosed 41 US equity positions worth $540.0m in its Q2 2025 13F filing. The largest position was GOOG at 9.9% of the reported book, followed by CEG and Z. Against the Q1 2025 filing, it opened 9 new positions, added to 5 and reduced 14 among the top 41 holdings.
What did TB Alternative Assets Ltd. own in Q2 2025? Top 41 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GOOG ALPHABET INC CAP STK CL C | Communication Services | 9.9% | $53.6m | 302,032 | 54% | added |
| 2 | CEG CONSTELLATION ENERGY CORP | Utilities | 9.8% | $52.9m | 163,949 | -15% | reduced |
| 3 | Z ZILLOW GROUP INC CL C CAP STK | Communication Services | 9.3% | $50.2m | 715,951 | 25% | added |
| 4 | INTC INTEL CORP | Technology | 8.3% | $44.9m | 2,005,706 | – | new |
| 5 | COIN COINBASE GLOBAL INC COM CL A | Financial Services | 7.6% | $41.0m | 116,986 | – | new |
| 6 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 7.5% | $40.6m | 341,617 | – | new |
| 7 | META META PLATFORMS INC CL A | Communication Services | 7.4% | $39.9m | 54,103 | -11% | reduced |
| 8 | MRNA MODERNA INC | Healthcare | 6.4% | $34.8m | 1,260,953 | 93% | added |
| 9 | ASML ASML HOLDING N V N Y REGISTRY SHS | Technology | 5.4% | $29.0m | 36,244 | -14% | reduced |
| 10 | PDD PDD HOLDINGS INC SPONSORED ADS | Consumer Cyclical | 4.1% | $22.3m | 212,888 | 7% | added |
| 11 | GBTC GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT | 3.7% | $19.9m | 234,675 | -19% | reduced | |
| 12 | AMZN AMAZON COM INC | Consumer Cyclical | 2.6% | $14.2m | 64,885 | 0% | held |
| 13 | EBAY EBAY INC. | Consumer Cyclical | 2.5% | $13.7m | 184,169 | 189% | added |
| 14 | SY SO-YOUNG INTERNATIONAL-ADR | 1.8% | $9.5m | 3,067,873 | 0% | held | |
| 15 | SRAD SPORTRADAR GROUP AG CLASS A ORD SHS | Technology | 1.5% | $7.9m | 280,769 | – | new |
| 16 | LEU CENTRUS ENERGY CORP CL A | Energy | 1.4% | $7.6m | 41,707 | -71% | reduced |
| 17 | YMM FULL TRUCK ALLIANCE CO LTD SPONSORED ADS | Technology | 1.2% | $6.3m | 530,454 | 0% | held |
| 18 | UNH UNITEDHEALTH GROUP INC | Healthcare | 1.0% | $5.3m | 16,859 | – | new |
| 19 | YINN DIREXION SHS ETF TR DL FTSE BULL 3X | 0.9% | $5.1m | 123,359 | -23% | reduced | |
| 20 | MU MICRON TECHNOLOGY INC | Technology | 0.9% | $4.9m | 39,894 | -50% | reduced |
| 21 | BEKE KE HLDGS INC SPONSORED ADS | Real Estate | 0.9% | $4.7m | 265,711 | 0% | held |
| 22 | TAL TAL EDUCATION GROUP SPONSORED ADS | Consumer Defensive | 0.9% | $4.6m | 454,800 | – | new |
| 23 | SMR NUSCALE PWR CORP CL A COM | Industrials | 0.6% | $3.2m | 80,237 | -81% | reduced |
| 24 | BNTX BIONTECH SE SPONSORED ADS | Healthcare | 0.6% | $3.1m | 28,917 | -26% | reduced |
| 25 | NTES NETEASE INC SPONSORED ADS | Communication Services | 0.5% | $2.8m | 20,595 | 0% | held |
| 26 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 0.5% | $2.5m | 333,887 | – | new |
| 27 | TME TENCENT MUSIC ENTMT GROUP SPON ADS | Communication Services | 0.4% | $2.1m | 107,500 | 0% | held |
| 28 | BILI BILIBILI INC SPONS ADS REP Z | Communication Services | 0.4% | $2.1m | 95,683 | 0% | held |
| 29 | BA BOEING CO | Industrials | 0.3% | $1.8m | 8,550 | -95% | reduced |
| 30 | REGN REGENERON PHARMACEUTICALS | Healthcare | 0.3% | $1.7m | 3,158 | 0% | held |
| 31 | ZTO ZTO EXPRESS CAYMAN INC SPONSORED ADS A | Industrials | 0.3% | $1.5m | 82,648 | 0% | held |
| 32 | MOGU MOGU INC-ADR | 0.3% | $1.5m | 689,100 | 0% | held | |
| 33 | GS GOLDMAN SACHS GROUP INC | Financial Services | 0.3% | $1.4m | 2,000 | – | new |
| 34 | DE DEERE & CO | Industrials | 0.1% | $703.8k | 1,384 | -50% | reduced |
| 35 | CNH INDL N V | 0.1% | $672.6k | 51,899 | -50% | reduced | |
| 36 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 0.1% | $613.9k | 800 | 0% | held |
| 37 | LLY ELI LILLY & CO | Healthcare | 0.1% | $459.9k | 590 | 0% | held |
| 38 | ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 0.1% | $410.5k | 1,259 | -86% | reduced |
| 39 | CRCL CIRCLE INTERNET GROUP INC COM CL A | Financial Services | 0.1% | $362.6k | 2,000 | – | new |
| 40 | NBIS NEBIUS GROUP N.V. SHS CLASS A | Communication Services | 0.0% | $236.3k | 4,270 | -97% | reduced |
| 41 | YUNJI INC-ADR | 0.0% | $66.4k | 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.