First Beijing Investment Ltd
13F Reported Value
ⓘ$2.3B
Holdings
12
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
First Beijing Investment Ltd disclosed 12 positions worth $2.3B in its Form 13F-HR for Q1 2026, led by $PDD (PDD Holdings Inc.) at 35.9% of the equity portfolio, followed by $YMM and $EDU. During the quarter the fund opened 5 new positions and exited 1 — including a new stake in $LEGN and a full exit from $ATAT. The portfolio is most concentrated in Industrials (38.1% of disclosed assets). All figures are sourced directly from First Beijing Investment Ltd’s Form 13F-HR filing with the SEC under CIK 1701717.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$832.7M8,149,162 sh - —
Quality
$747.0M90,000,895 sh - $509.4M8,995,258 sh
- —
Quality
$132.3M60,129,671 sh - 44.2
Quality
$41.5M2,296,335 sh - —
Quality
$32.2M434,350 sh - —
Quality
$17.3M208,963 sh - —
Quality
$2.2M845,952 sh - —
Quality
$1.6M551,048 sh - —
Quality
$1.3M135,988 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 PDD Holdings Inc.$PDD | — | $832.7M | 8,149,162 |
 Full Truck Alliance Co. Ltd.$YMM | — | $747.0M | 90,000,895 |
 New Oriental Education & Technology Group Inc.$EDU | — | $509.4M | 8,995,258 |
 RLX Technology Inc.$RLX | — | $132.3M | 60,129,671 |
 Legend Biotech Corp$LEGN | 44.2 | $41.5M | 2,296,335 |
 Joint Stock Co Kaspi.kz$KSPI | — | $32.2M | 434,350 |
 Sea Ltd$SE | — | $17.3M | 208,963 |
 Dingdong (Cayman) Ltd$DDL | — | $2.2M | 845,952 |
 Zhihu Inc.$ZH | — | $1.6M | 551,048 |
 NOAH HOLDINGS LTD$NOAH | — | $1.3M | 135,988 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of First Beijing Investment Ltd's 12 positions.
Showing top 10 of 12 holdings.
Sector Allocation
Industrials
$883.7M
Technology
$747.0M
Consumer Discretionary
$512.6M
Consumer Staples
$132.3M
Healthcare
$41.5M
Financials
$1.3M
Full Holdings — First Beijing Investment Ltd (Q1 2026)
All 12 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $PDD | PDD Holdings Inc. | $832.7M | 35.9% | +20% | — |
| 2 | $YMM | Full Truck Alliance Co. Ltd. | $747.0M | 32.2% | +17% | — |
| 3 | $EDU | New Oriental Education & Technology Group Inc. | $509.4M | 22.0% | -11% | — |
| 4 | $RLX | RLX Technology Inc. | $132.3M | 5.7% | -4% | — |
| 5 | $LEGN | Legend Biotech Corp | $41.5M | 1.8% | NEW | 44.2 |
| 6 | $KSPI | Joint Stock Co Kaspi.kz | $32.2M | 1.4% | +286% | — |
| 7 | $SE | Sea Ltd | $17.3M | 0.8% | NEW | — |
| 8 | $DDL | Dingdong (Cayman) Ltd | $2.2M | 0.1% | NEW | — |
| 9 | $ZH | Zhihu Inc. | $1.6M | 0.1% | NEW | — |
| 10 | $NOAH | NOAH HOLDINGS LTD | $1.3M | 0.1% | -65% | — |
| 11 |  $BZUN | Baozun Inc. | $1.1M | 0.1% | NEW | — |
| 12 |  $API | Agora, Inc. | $27,258 | 0.0% | -22% | — |
New Positions (5)
Exited Positions (1)
$ATAT Atour Lifestyle Holdings LtdBrowse Top Institutional Investors
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