TB Alternative Assets Ltd. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
TB Alternative Assets Ltd. disclosed 48 US equity positions worth $668.4m in its Q3 2025 13F filing. The largest position was META at 11.5% of the reported book, followed by GOOG and INTC. Against the Q2 2025 filing, it opened 17 new positions, added to 6 and reduced 22 among the top 48 holdings.
What did TB Alternative Assets Ltd. own in Q3 2025? Top 48 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC CL A | Communication Services | 11.5% | $77.0m | 104,806 | 94% | added |
| 2 | GOOG ALPHABET INC CAP STK CL C | Communication Services | 8.8% | $58.6m | 240,431 | -20% | reduced |
| 3 | INTC INTEL CORP | Technology | 7.7% | $51.3m | 1,527,898 | -24% | reduced |
| 4 | PDD PDD HOLDINGS INC SPONSORED ADS | Consumer Cyclical | 6.8% | $45.7m | 345,888 | 62% | added |
| 5 | MSTR STRATEGY INC CL A NEW | Technology | 6.1% | $40.6m | 126,000 | – | new |
| 6 | COIN COINBASE GLOBAL INC COM CL A | Financial Services | 5.8% | $38.5m | 114,051 | -3% | reduced |
| 7 | HOOD ROBINHOOD MKTS INC COM CL A | Financial Services | 5.2% | $34.6m | 241,680 | – | new |
| 8 | TSLA TESLA INC | Consumer Cyclical | 4.9% | $32.6m | 73,317 | – | new |
| 9 | Z ZILLOW GROUP INC CL C CAP STK | Communication Services | 4.7% | $31.4m | 407,118 | -43% | reduced |
| 10 | LEU CENTRUS ENERGY CORP CL A | Energy | 4.4% | $29.1m | 93,888 | 125% | added |
| 11 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 4.3% | $28.8m | 171,140 | -50% | reduced |
| 12 | RKLB ROCKET LAB CORP | Industrials | 3.7% | $24.9m | 519,235 | – | new |
| 13 | CEG CONSTELLATION ENERGY CORP | Utilities | 3.4% | $22.9m | 69,606 | -58% | reduced |
| 14 | MRNA MODERNA INC | Healthcare | 2.5% | $17.0m | 658,881 | -48% | reduced |
| 15 | SY SO-YOUNG INTERNATIONAL-ADR | 1.8% | $11.9m | 3,067,873 | 0% | held | |
| 16 | NBIS NEBIUS GROUP N.V. SHS CLASS A | Communication Services | 1.8% | $11.8m | 105,505 | 2371% | added |
| 17 | DHI D R HORTON INC | Consumer Cyclical | 1.7% | $11.6m | 68,300 | – | new |
| 18 | DUOL DUOLINGO INC CL A COM | Technology | 1.7% | $11.6m | 35,961 | – | new |
| 19 | PROSHARES TR ULTRAPRO SHT QQQ | 1.3% | $8.4m | 551,130 | – | new | |
| 20 | GBTC GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT | 1.2% | $7.7m | 85,657 | -63% | reduced | |
| 21 | TCOM TRIP COM GROUP LTD ADS | Consumer Cyclical | 1.1% | $7.5m | 99,310 | – | new |
| 22 | PSKY PARAMOUNT SKYDANCE CORP COM CL B | Communication Services | 1.1% | $7.4m | 389,191 | – | new |
| 23 | YMM FULL TRUCK ALLIANCE CO LTD SPONSORED ADS | Technology | 1.0% | $6.7m | 515,054 | -3% | reduced |
| 24 | ORCL ORACLE CORP | Technology | 0.8% | $5.5m | 19,616 | – | new |
| 25 | TAL TAL EDUCATION GROUP SPONSORED ADS | Consumer Defensive | 0.7% | $4.9m | 440,700 | -3% | reduced |
| 26 | ZTO ZTO EXPRESS CAYMAN INC SPONSORED ADS A | Industrials | 0.7% | $4.9m | 254,948 | 208% | added |
| 27 | REGN REGENERON PHARMACEUTICALS | Healthcare | 0.7% | $4.9m | 8,652 | 174% | added |
| 28 | APP APPLOVIN CORP COM CL A | Communication Services | 0.6% | $4.2m | 5,900 | – | new |
| 29 | SRAD SPORTRADAR GROUP AG CLASS A ORD SHS | Technology | 0.6% | $4.1m | 152,682 | -46% | reduced |
| 30 | NVDL GRANITESHARES ETF TR 2X LONG NVDA DAI | 0.5% | $3.2m | 34,000 | – | new | |
| 31 | NTES NETEASE INC SPONSORED ADS | Communication Services | 0.5% | $3.0m | 19,895 | -3% | reduced |
| 32 | UNH UNITEDHEALTH GROUP INC | Healthcare | 0.4% | $2.8m | 8,163 | -52% | reduced |
| 33 | BILI BILIBILI INC SPONS ADS REP Z | Communication Services | 0.4% | $2.6m | 92,683 | -3% | reduced |
| 34 | TME TENCENT MUSIC ENTMT GROUP SPON ADS | Communication Services | 0.4% | $2.4m | 104,100 | -3% | reduced |
| 35 | MOGU MOGU INC-ADR | 0.4% | $2.4m | 689,100 | 0% | held | |
| 36 | EBAY EBAY INC. | Consumer Cyclical | 0.2% | $1.5m | 16,776 | -91% | reduced |
| 37 | PLTR PALANTIR TECHNOLOGIES INC CL A | Technology | 0.1% | $529.0k | 2,900 | – | new |
| 38 | DEUTSCHE BANK A G NAMEN AKT | 0.1% | $524.3k | 14,807 | – | new | |
| 39 | ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 0.1% | $516.6k | 1,133 | -10% | reduced |
| 40 | CNH INDL N V | 0.1% | $506.8k | 46,709 | -10% | reduced | |
| 41 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 0.1% | $502.6k | 720 | -10% | reduced |
| 42 | MP MP MATERIALS CORP COM CL A | Basic Materials | 0.1% | $482.9k | 7,200 | – | new |
| 43 | IDXX IDEXX LABS INC | Healthcare | 0.1% | $392.9k | 615 | – | new |
| 44 | GS GOLDMAN SACHS GROUP INC | Financial Services | 0.1% | $356.0k | 447 | -78% | reduced |
| 45 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 0.0% | $333.8k | 27,358 | -92% | reduced |
| 46 | BNTX BIONTECH SE SPONSORED ADS | Healthcare | 0.0% | $207.5k | 2,104 | -93% | reduced |
| 47 | AZO AUTOZONE INC | Consumer Cyclical | 0.0% | $81.5k | 19 | – | new |
| 48 | YUNJI INC-ADR | 0.0% | $63.5k | 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.