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First Beijing Investment Ltd

CIK 1701717 · latest 13F filed 12 August 2026 · Read the filing on EDGAR

First Beijing Investment Ltd reported 11 US-listed holdings worth $2.44 billion in its 13F for the quarter ended 30 June 2026, filed 12 August 2026. Its largest: Full Truck Alliance Co. Ltd (30.5%), PDD Holdings Inc. (29.3%) and New Oriental Ed & Technology (16.4%). Against the quarter before, it opened 1 position, added to 3, trimmed 6 and sold out of 2.

Reported holdings$2.44B+5.4% on Q1 2026
Positions11-1 on Q1 2026
The largest ten100.0%of its reported holdings
Latest 13FQ2 2026filed 12 August 2026
Where the money is
OpenedAdded toHeldTrimmed
YMM30.5%PDD29.3%EDU16.4%SE12.2%FUTU5.3%RLX4.7%KSPI1.5%

The 11 largest of its 11 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter
Q3 2024: $1.36 billion in 13 positions$1.36BQ3 24Q4 2024: $1.41 billion in 12 positions$1.41BQ4 24Q1 2025: $1.46 billion in 8 positions$1.46BQ1 25Q2 2025: $1.79 billion in 9 positions$1.79BQ2 25Q3 2025: $2.59 billion in 8 positions$2.59BQ3 25Q4 2025: $2.54 billion in 8 positions$2.54BQ4 25Q1 2026: $2.32 billion in 12 positions$2.32BQ1 26Q2 2026: $2.44 billion in 11 positions$2.44BQ2 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 1Added 3Held 1Trimmed 6Sold out 2
Opened: 1Added: 3Held: 1Trimmed: 6Sold out: 2

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 1

  1. Futu Hldgs Ltd FUTU$129.3 million

Added to 3

  1. Sea Limited SE+2.9 million shares · +1388%
  2. PDD Holdings Inc. PDD+1.2 million shares · +15%
  3. Full Truck Alliance Co. Ltd YMM+1.8 million shares · +2%

Trimmed 6

  1. New Oriental Ed & Technology EDU-261,279 shares · -3%
  2. Noah Hldgs Ltd NOAH-97,393 shares · -72%
  3. Kaspi KZ JSC KSPI-9,737 shares · -2%
  4. RLX Technology Inc. RLX-307,832 shares · -1%
  5. Dingdong Cayman Ltd DDL-223,520 shares · -26%
  6. Baozun Inc. BZUN-11,500 shares · -3%

Sold out of 2

  1. Legend Biotech Corp. LEGN$41.5 million last quarter
  2. Agora Inc. API$27,258 last quarter

What it holds

CompanySharesValueOf its bookChange in shares
Full Truck Alliance Co. Ltd YMM91,790,875$745.3 million30.50%+1,789,980
PDD Holdings Inc. PDD9,377,416$715.3 million29.27%+1,228,254
New Oriental Ed & Technology EDU8,733,979$401.0 million16.41%-261,279
Sea Limited SE3,109,067$297.9 million12.19%+2,900,104
Futu Hldgs Ltd FUTU1,379,102$129.3 million5.29%new
RLX Technology Inc. RLX59,821,839$113.7 million4.65%-307,832
Kaspi KZ JSC KSPI424,613$36.8 million1.51%-9,737
Zhihu Inc. ZH551,048$1.7 million0.07%no change
Baozun Inc. BZUN432,828$1.2 million0.05%-11,500
Dingdong Cayman Ltd DDL622,432$1.2 million0.05%-223,520
Noah Hldgs Ltd NOAH38,595$385,5640.02%-97,393
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 2 it sold out of are in the box above.