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First Beijing Investment Ltd

Everything this manager disclosed owning in US-listed stocks — its complete Form 13F portfolio · as of 2026-06-30 · filed with the SEC up to 45 days after quarter end · CIK 0001701717

$2.44B

disclosed book value

11

positions

30.5%

largest position share

Positions, as of 2026-06-30

top 11 of 11 · 13F covers long US-listed positions only — cash, bonds, private and foreign stakes are not disclosed · PUT/CALL tags = options positions (share-equivalents), not shares held

#IssuerSharesValue% of book
1YMMFULL TRUCK ALLIANCE CO LTD91.8M$745.3M30.5%
2PDDPDD HOLDINGS INC9.4M$715.3M29.3%
3EDUNEW ORIENTAL ED & TECHNOLOGY8.7M$401.0M16.4%
4SESEA LTD3.1M$297.9M12.2%
5FUTUFUTU HLDGS LTD1.4M$129.3M5.3%
6RLXRLX TECHNOLOGY INC59.8M$113.7M4.7%
7KSPIKASPI KZ JSC424,613$36.8M1.5%
8ZHZHIHU INC551,048$1.7M0.1%
9BZUNBAOZUN INC432,828$1.2M0.1%
10DDLDINGDONG CAYMAN LTD622,432$1.2M0%
11NOAHNOAH HLDGS LTD38,595$385,5640%

Source: SEC Form 13F-HR, reporting period 2026-06-30. Values are the manager's filed June-30-style quarter-end marks, not live prices. Research, not investment advice.

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