Filed: 2/14/2025ACC: 0001701717-25-000002
📋 What this filing means
FIRST BEIJING INVESTMENT LTD filed this quarterly 13F‑HR report disclosing 12 equity positions with a total reported market value of $1.41B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
12
Positions
$1.41B
Total AUM (reported)
83.13M
Total Shares
Allocation by class
SPONSORED ADS$564.68M40.1%
AMERICAN DEP$365.25M25.9%
SPONSORD ADS$271.34M19.3%
SPONSORED ADS A$132.51M9.4%
SPONS ADS REP Z$30.61M2.2%
ADS$21.20M1.5%
SPON ADR$16.69M1.2%
Portfolio Concentration
Top 3$974.62M69.2%
4–10$427.67M30.4%
11–25$6.38M0.5%
Top 3 weight
69.2%
Top 10 weight
99.5%
Voting Authority Distribution
Total shares with voting rights: 83.13M
Sole
Full voting authority
38M
shares
% of voting shares45.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
45.12M
shares
% of voting shares54.3%
Investment Discretion (by position count)
Sole12
Shared0
Other0
Dominant voting typeNone · 54.3% of voting shares
Institutional Holdings12
Rows:
PDD HOLDINGS INC
SOLEShares3.77M
TypeSH
Market value$365.25M
25.93%
Sole
1.26M
Shared
0.00
None
2.50M
FULL TRUCK ALLIANCE CO LTD
SOLEShares31.24M
TypeSH
Market value$338.03M
24.00%
Sole
3.19M
Shared
0.00
None
28.06M
SEA LTD
SOLEShares2.56M
TypeSH
Market value$271.34M
19.26%
Sole
702.20K
Shared
0.00
None
1.86M
ATOUR LIFESTYLE HOLDINGS LTD
SOLEShares5.43M
TypeSH
Market value$146.06M
10.37%
Sole
3.17M
Shared
0.00
None
2.26M
VIPSHOP HLDGS LTD
SOLEShares9.84M
TypeSH
Market value$132.51M
9.41%
Sole
3.32M
Shared
0.00
None
6.52M
RLX TECHNOLOGY INC
SOLEShares23.37M
TypeSH
Market value$50.49M
3.58%
Sole
23.37M
Shared
0.00
None
0.00
BILIBILI INC
SOLEShares1.69M
TypeSH
Market value$30.61M
2.17%
Sole
0.00
Shared
0.00
None
1.69M
LI AUTO INC
SOLEShares1.25M
TypeSH
Market value$30.09M
2.14%
Sole
0.00
Shared
0.00
None
1.25M
HELLO GROUP INC
SOLEShares2.75M
TypeSH
Market value$21.20M
1.51%
Sole
2.03M
Shared
0.00
None
721.15K
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares260.10K
TypeSH
Market value$16.69M
1.19%
Sole
0.00
Shared
0.00
None
260.10K
LEXINFINTECH HLDGS LTD
SOLEShares824.48K
TypeSH
Market value$4.78M
0.34%
Sole
824.48K
Shared
0.00
None
0.00
NOAH HLDGS LTD
SOLEShares136.73K
TypeSH
Market value$1.60M
0.11%
Sole
136.73K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCSOLE | AMERICAN DEP | 3.77M | SH | $365.25M 25.93% | 1.26M | 0.00 | 2.50M |
FULL TRUCK ALLIANCE CO LTDSOLE | SPONSORED ADS | 31.24M | SH | $338.03M 24.00% | 3.19M | 0.00 | 28.06M |
SEA LTDSOLE | SPONSORD ADS | 2.56M | SH | $271.34M 19.26% | 702.20K | 0.00 | 1.86M |
ATOUR LIFESTYLE HOLDINGS LTDSOLE | SPONSORED ADS | 5.43M | SH | $146.06M 10.37% | 3.17M | 0.00 | 2.26M |
VIPSHOP HLDGS LTDSOLE | SPONSORED ADS A | 9.84M | SH | $132.51M 9.41% | 3.32M | 0.00 | 6.52M |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 23.37M | SH | $50.49M 3.58% | 23.37M | 0.00 | 0.00 |
BILIBILI INCSOLE | SPONS ADS REP Z | 1.69M | SH | $30.61M 2.17% | 0.00 | 0.00 | 1.69M |
LI AUTO INCSOLE | SPONSORED ADS | 1.25M | SH | $30.09M 2.14% | 0.00 | 0.00 | 1.25M |
HELLO GROUP INCSOLE | ADS | 2.75M | SH | $21.20M 1.51% | 2.03M | 0.00 | 721.15K |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 260.10K | SH | $16.69M 1.19% | 0.00 | 0.00 | 260.10K |
LEXINFINTECH HLDGS LTDSOLE | ADR | 824.48K | SH | $4.78M 0.34% | 824.48K | 0.00 | 0.00 |
NOAH HLDGS LTDSOLE | SPON ADS | 136.73K | SH | $1.60M 0.11% | 136.73K | 0.00 | 0.00 |