IDG China Capital Fund III Associates L.P.
IDG China Capital Fund III Associates L.P. reported 2 US-listed holdings worth $564.0 million in its 13F for the quarter ended 30 June 2026, filed 7 August 2026. Its largest: Circle Internet Group Inc. (98.9%) and Waterdrop Inc. (1.1%). Against the quarter before, it opened 0 positions, added to 0, trimmed 1 and sold out of 0.
The 2 largest of its 2 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -65.7% over the 6 quarters to 30 June 2026, against +27.4% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Trimmed 1
- Circle Internet Group Inc. CRCL-101,660 shares · -1%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Circle Internet Group Inc. CRCL | 8.9M | $557.5 million | 98.85% | -101.7K |
| Waterdrop Inc. WDH | 5.7M | $6.5 million | 1.15% | no change |