13F holdings · Q2 2026

First Beijing Investment

Hong Kong, K3 · files as First Beijing Investment Ltd

Holdings as of Jun 30, 2026Filed Aug 12, 2026Next filing due Nov 16, 2026CIK 1701717

First Beijing Investment reported 11 stocks worth $2.4B in its 13F filing for Q2 2026, filed Aug 12, 2026. Its largest holdings are YMM (30.5%), PDD (29.3%) and EDU (16.4%). Compared with Q1 2026, the fund opened new positions in FUTU, added to YMM, PDD and SE, trimmed EDU, RLX and KSPI and sold out of LEGN and API.

Reported value$2.4B+5.4% vs last quarter

Stocks held111 new · 2 sold out

Top 5 weight93.7%very concentrated

Turnover23%of the portfolio changed

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Holdings

#	Stock	Value	Weight	Shares	Change	Shares, 8 qtrs	Held
1	YMM Full Truck Alliance Co Ltd	$745M	30.5%	91.8M	+1.8M (+2%)		8 of 8
2	PDD Pdd Holdings Inc	$715M	29.3%	9.4M	+1.2M (+15%)		8 of 8
3	EDU NEW ORIENTAL ED &amp TECHNOLOGY	$401M	16.4%	8.7M	−261K (−3%)		7 of 8
4	SE Sea Ltd	$298M	12.2%	3.1M	+2.9M (+1388%)		5 of 8
5	FUTU Futu Hldgs Ltd	$129M	5.3%	1.4M	New position		1 of 8
6	RLX Rlx Technology Inc	$114M	4.7%	59.8M	−308K (−1%)		8 of 8
7	KSPI Kaspi KZ Jsc	$36.8M	1.5%	425K	−9,737 (−2%)		3 of 8
8	ZH Zhihu Inc	$1.7M	0.1%	551K	No change		2 of 8
9	BZUN Baozun Inc	$1.2M	0.1%	433K	−12K (−3%)		2 of 8
10	DDL Dingdong Cayman Ltd F	$1.2M	0.1%	622K	−224K (−26%)		2 of 8
11	ABCD Example Holdings Inc	100	153	206	259	312	365
12	WXYZ Example Holdings Inc	137	190	243	296	349	402
13	QRST Example Holdings Inc	174	227	280	333	386	439
14	LMNO Example Holdings Inc	211	264	317	370	423	476

🔒 1 more holdings in this filing. Create a free account or sign in to see them all.

Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.

Sold out

held in Q1 2026, gone in Q2 2026

Stock	Value last quarter	Shares sold
LEGN Legend Biotech Corp	$41.5M	2.3M
API Agora Inc	$27K	7,700

Reported value

last 8 quarters

$1.4BQ3 '24

$1.4BQ4 '24

$1.5BQ1 '25

$1.8BQ2 '25

$2.6BQ3 '25

$2.5BQ4 '25

$2.3BQ1 '26

$2.4BQ2 '26

The value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.

Filings for Q2 2026

straight from the SEC

Filed	Form	Quarter
Aug 12, 2026	13F-HR	Q2 2026	SEC filing ↗

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First Beijing Investment 13F FAQ

What does First Beijing Investment own?

First Beijing Investment reported 11 stocks worth $2.4B in its 13F filing for Q2 2026, filed Aug 12, 2026. Its largest holdings are YMM (30.5%), PDD (29.3%) and EDU (16.4%). The table above lists every position in the filing (the top 10 without an account).

What did First Beijing Investment buy and sell in Q2 2026?

Compared with Q1 2026: 1 new positions, 3 added to, 6 trimmed and 2 sold out. New positions include FUTU. It sold all of LEGN and API.

When will First Beijing Investment file its next 13F?

Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.

How much is First Beijing Investment's portfolio worth?

The Q2 2026 filing reports $2.4B in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.

For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.