First Beijing Investment Ltd
CIK 0001701717
Annualised vol
11.779282%
Beta
0.082189
HHI
2256.65101
Top-10 weight
99.984223%
VaR 95%
0.880498%
VaR 99%
2.327522%
Max drawdown
23.733406%
Matched value
76.781233%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| YMM | ADDED | 91,790,875 | 90,000,895 | 1.99% | 745,341,905 |
| PDD | ADDED | 9,377,416 | 8,149,162 | 15.07% | 715,309,292 |
| SE | ADDED | 3,109,067 | 208,963 | 1387.86% | 297,941,891 |
| RLX | REDUCED | 59,821,839 | 60,129,671 | -0.51% | 113,661,494 |
| ZH | UNCHANGED | 551,048 | 551,048 | 0.0% | 1,724,780 |
| BZUN | REDUCED | 432,828 | 444,328 | -2.59% | 1,224,903 |
| DDL | REDUCED | 622,432 | 845,952 | -26.42% | 1,201,294 |
| LEGN | CLOSED OUT | 0 | 2,296,335 | -100.0% | 0 |
| API | CLOSED OUT | 0 | 7,700 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| YMM | ADDED | FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 | 745,341,905 | 30.5 | 9.1790875E7 |
| PDD | ADDED | PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 715,309,292 | 29.27 | 9377416.0 |
| - | NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 647581206 | 400,976,976 | 16.41 | 8733979.0 | |
| SE | ADDED | SEA LTD | SPONSORD ADS | 81141R100 | 297,941,891 | 12.19 | 3109067.0 |
| - | FUTU HLDGS LTD | SPON ADS CL A | 36118L106 | 129,277,021 | 5.29 | 1379102.0 | |
| RLX | REDUCED | RLX TECHNOLOGY INC | SPONSORED ADS | 74969N103 | 113,661,494 | 4.65 | 5.9821839E7 |
| - | KASPI KZ JSC | SPONSORED ADS | 48581R205 | 36,788,470 | 1.51 | 424613.0 | |
| ZH | UNCHANGED | ZHIHU INC | SPONSORED ADS | 98955N207 | 1,724,780 | 0.07 | 551048.0 |
| BZUN | REDUCED | BAOZUN INC | SPONSORED ADR | 06684L103 | 1,224,903 | 0.05 | 432828.0 |
| DDL | REDUCED | DINGDONG CAYMAN LTD | ADS | 25445D101 | 1,201,294 | 0.05 | 622432.0 |
| - | NOAH HLDGS LTD | SPON ADS | 65487X102 | 385,564 | 0.02 | 38595.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | 2,443,833,590 | 11 | 11.779282 | 0.082189 | 23.733406 |
| 2026-03-31 | 2026-05-13 | 2,318,567,326 | 12 | 12.437258 | 0.068907 | 23.183084 |
| 2025-12-31 | 2026-02-17 | 2,535,540,040 | 8 | 12.084911 | 0.066125 | 21.790839 |
| 2025-09-30 | 2025-11-14 | 2,589,934,560 | 8 | 12.536839 | 0.068512 | 22.640655 |
| 2025-03-31 | 2025-05-19 | 1,456,600,331 | 8 | 12.195504 | 0.080876 | 23.005712 |
| 2024-12-31 | 2025-02-14 | 1,408,672,655 | 12 | 12.761809 | 0.098854 | 26.007844 |