TB Alternative Assets Ltd. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
TB Alternative Assets Ltd. disclosed 50 US equity positions worth $610.8m in its Q4 2025 13F filing. The largest position was META at 18.7% of the reported book, followed by GOOG and INTC. Against the Q3 2025 filing, it opened 18 new positions, added to 6 and reduced 12 among the top 50 holdings.
What did TB Alternative Assets Ltd. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC CL A | Communication Services | 18.7% | $114.3m | 173,186 | 65% | added |
| 2 | GOOG ALPHABET INC CAP STK CL C | Communication Services | 16.1% | $98.2m | 312,831 | 30% | added |
| 3 | INTC INTEL CORP | Technology | 7.5% | $45.6m | 1,236,692 | -19% | reduced |
| 4 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 6.4% | $38.9m | 229,630 | 34% | added |
| 5 | PDD PDD HOLDINGS INC SPONSORED ADS | Consumer Cyclical | 6.3% | $38.6m | 340,228 | -2% | reduced |
| 6 | PROSHARES TR ULTRAPRO SHORT | 5.1% | $31.0m | 453,250 | – | new | |
| 7 | FIGR FIGURE TECHNOLOGY SOLUTIO COM CL A | Financial Services | 4.6% | $27.8m | 681,668 | – | new |
| 8 | Z ZILLOW GROUP INC CL C CAP STK | Communication Services | 4.1% | $25.0m | 366,272 | -10% | reduced |
| 9 | LEU CENTRUS ENERGY CORP CL A | Energy | 3.6% | $22.1m | 90,972 | -3% | reduced |
| 10 | MSTR STRATEGY INC CL A NEW | Technology | 3.3% | $20.2m | 132,801 | 5% | added |
| 11 | DHI D R HORTON INC | Consumer Cyclical | 3.3% | $20.0m | 138,614 | 103% | added |
| 12 | AAPL APPLE INC | Technology | 3.2% | $19.6m | 72,024 | – | new |
| 13 | NVO NOVO-NORDISK A S ADR | Healthcare | 2.2% | $13.5m | 266,165 | – | new |
| 14 | SNOW SNOWFLAKE INC COM SHS | Technology | 1.6% | $10.0m | 45,768 | – | new |
| 15 | CEG CONSTELLATION ENERGY CORP | Utilities | 1.6% | $9.6m | 27,242 | -61% | reduced |
| 16 | MP MP MATERIALS CORP COM CL A | Basic Materials | 1.5% | $9.1m | 179,886 | 2398% | added |
| 17 | SY SO-YOUNG INTERNATIONAL-ADR | 1.3% | $7.9m | 3,067,873 | 0% | held | |
| 18 | TCOM TRIP COM GROUP LTD ADS | Consumer Cyclical | 1.1% | $6.5m | 90,320 | -9% | reduced |
| 19 | AVGO BROADCOM INC | Technology | 0.9% | $5.6m | 16,120 | – | new |
| 20 | RKLB ROCKET LAB CORP | Industrials | 0.9% | $5.5m | 78,200 | -85% | reduced |
| 21 | PSKY PARAMOUNT SKYDANCE CORP COM CL B | Communication Services | 0.9% | $5.2m | 389,191 | 0% | held |
| 22 | YMM FULL TRUCK ALLIANCE CO LTD SPONSORED ADS | Technology | 0.8% | $5.0m | 468,434 | -9% | reduced |
| 23 | TAL TAL EDUCATION GROUP SPONSORED ADS | Consumer Defensive | 0.7% | $4.4m | 400,810 | -9% | reduced |
| 24 | TSLA TESLA INC | Consumer Cyclical | 0.6% | $3.8m | 8,508 | -88% | reduced |
| 25 | TSM TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | Technology | 0.5% | $2.9m | 9,600 | – | new |
| 26 | U UNITY SOFTWARE INC | Technology | 0.5% | $2.9m | 65,846 | – | new |
| 27 | SHOP SHOPIFY INC CL A SUB VTG SHS | Technology | 0.4% | $2.7m | 17,074 | – | new |
| 28 | JEF JEFFERIES FINL GROUP INC | Financial Services | 0.4% | $2.2m | 35,234 | – | new |
| 29 | TME TENCENT MUSIC ENTMT GROUP SPON ADS | Communication Services | 0.3% | $1.7m | 94,650 | -9% | reduced |
| 30 | MOGU MOGU INC-ADR | 0.2% | $1.5m | 689,100 | 0% | held | |
| 31 | YOULIFE GROUP INC -ADR | 0.2% | $1.4m | 1,000,000 | – | new | |
| 32 | APP APPLOVIN CORP COM CL A | Communication Services | 0.1% | $822.7k | 1,221 | -79% | reduced |
| 33 | CRM SALESFORCE INC | Technology | 0.1% | $745.2k | 2,813 | – | new |
| 34 | MU MICRON TECHNOLOGY INC | Technology | 0.1% | $685.0k | 2,400 | – | new |
| 35 | DEUTSCHE BANK A G NAMEN AKT | 0.1% | $571.0k | 14,807 | 0% | held | |
| 36 | PLTR PALANTIR TECHNOLOGIES INC CL A | Technology | 0.1% | $515.5k | 2,900 | 0% | held |
| 37 | TPL TEXAS PACIFIC LAND CORPORATION | Energy | 0.1% | $473.9k | 1,650 | – | new |
| 38 | AMD ADVANCED MICRO DEVICES INC | Technology | 0.1% | $471.2k | 2,200 | – | new |
| 39 | ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 0.1% | $450.5k | 1,133 | 0% | held |
| 40 | CNH INDL N V | 0.1% | $430.7k | 46,709 | 0% | held | |
| 41 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 0.1% | $418.1k | 720 | 0% | held |
| 42 | BE BLOOM ENERGY CORP COM CL A | Industrials | 0.1% | $417.3k | 4,803 | – | new |
| 43 | IDXX IDEXX LABS INC | Healthcare | 0.1% | $416.1k | 615 | 0% | held |
| 44 | LB LANDBRIDGE COMPANY LLC CL A | 0.1% | $398.8k | 8,141 | – | new | |
| 45 | GS GOLDMAN SACHS GROUP INC | Financial Services | 0.1% | $392.9k | 447 | 0% | held |
| 46 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 0.1% | $363.3k | 27,358 | 0% | held |
| 47 | BNTX BIONTECH SE SPONSORED ADS | Healthcare | 0.0% | $200.3k | 2,104 | 0% | held |
| 48 | ONC BEONE MEDICINES LTD SPONSORED ADS | Healthcare | 0.0% | $148.0k | 487 | – | new |
| 49 | AZO AUTOZONE INC | Consumer Cyclical | 0.0% | $64.4k | 19 | 0% | held |
| 50 | YUNJI INC-ADR | 0.0% | $38.1k | 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.