First Beijing Investment Ltd
13F Reported Value
ⓘ$2.4B
Holdings
11
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
First Beijing Investment Ltd disclosed 11 positions worth $2.4B in its Form 13F-HR for Q2 2026, led by $YMM (Full Truck Alliance Co. Ltd.) at 30.5% of the equity portfolio, followed by $PDD and $EDU. During the quarter the fund opened 1 new position and exited 2 — including a new stake in $FUTU and a full exit from $LEGN. The portfolio is most concentrated in Industrials (43.0% 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 — Q2 2026
Click any card to unlockTop Holdings
- —
Quality
$745.3M91,790,875 sh - —
Quality
$715.3M9,377,416 sh - $401.0M8,733,979 sh
- —
Quality
$297.9M3,109,067 sh - —
Quality
$129.3M1,379,102 sh - —
Quality
$113.7M59,821,839 sh - —
Quality
$36.8M424,613 sh - —
Quality
$1.7M551,048 sh - —
Quality
$1.2M432,828 sh - —
Quality
$1.2M622,432 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Full Truck Alliance Co. Ltd.$YMM | — | $745.3M | 91,790,875 |
 PDD Holdings Inc.$PDD | — | $715.3M | 9,377,416 |
 New Oriental Education & Technology Group Inc.$EDU | — | $401.0M | 8,733,979 |
 Sea Ltd$SE | — | $297.9M | 3,109,067 |
 Futu Holdings Ltd$FUTU | — | $129.3M | 1,379,102 |
 RLX Technology Inc.$RLX | — | $113.7M | 59,821,839 |
 Joint Stock Co Kaspi.kz$KSPI | — | $36.8M | 424,613 |
 Zhihu Inc.$ZH | — | $1.7M | 551,048 |
 Baozun Inc.$BZUN | — | $1.2M | 432,828 |
 Dingdong (Cayman) Ltd$DDL | — | $1.2M | 622,432 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of First Beijing Investment Ltd's 11 positions.
Showing top 10 of 11 holdings.
Sector Allocation
Industrials
$1.1B
Technology
$745.3M
Consumer Discretionary
$403.4M
Financials
$129.7M
Consumer Staples
$113.7M
Full Holdings — First Beijing Investment Ltd (Q2 2026)
All 11 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 | $YMM | Full Truck Alliance Co. Ltd. | $745.3M | 30.5% | +2% | — |
| 2 | $PDD | PDD Holdings Inc. | $715.3M | 29.3% | +15% | — |
| 3 | $EDU | New Oriental Education & Technology Group Inc. | $401.0M | 16.4% | -3% | — |
| 4 | $SE | Sea Ltd | $297.9M | 12.2% | +1388% | — |
| 5 | $FUTU | Futu Holdings Ltd | $129.3M | 5.3% | NEW | — |
| 6 | $RLX | RLX Technology Inc. | $113.7M | 4.7% | -1% | — |
| 7 | $KSPI | Joint Stock Co Kaspi.kz | $36.8M | 1.5% | -2% | — |
| 8 | $ZH | Zhihu Inc. | $1.7M | 0.1% | +0% | — |
| 9 | $BZUN | Baozun Inc. | $1.2M | 0.1% | -3% | — |
| 10 | $DDL | Dingdong (Cayman) Ltd | $1.2M | 0.1% | -26% | — |
| 11 |  $NOAH | NOAH HOLDINGS LTD | $385,564 | 0.0% | -72% | — |
New Positions (1)
$FUTU Futu Holdings Ltd$129.3M
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