Filed: 8/15/2025ACC: 0001701717-25-000014
📋 What this filing means
FIRST BEIJING INVESTMENT LTD filed this quarterly 13F‑HR report disclosing 9 equity positions with a total reported market value of $1.79B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
9
Positions
$1.79B
Total AUM (reported)
129.28M
Total Shares
Allocation by class
SPONSORED ADS$795.54M44.5%
AMERICAN DEP$583.78M32.7%
SPON ADR$383.87M21.5%
SPONSORED ADR$18.04M1.0%
COM$3.62M0.2%
SPON ADS$2.09M0.1%
ADS$37.7K0.0%
Portfolio Concentration
Top 3$1.43B80.3%
4–10$352.90M19.7%
Top 3 weight
80.3%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 129.28M
Sole
Full voting authority
68.65M
shares
% of voting shares53.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
60.63M
shares
% of voting shares46.9%
Investment Discretion (by position count)
Sole9
Shared0
Other0
Dominant voting typeSole · 53.1% of voting shares
Institutional Holdings9
Rows:
PDD HOLDINGS INC
SOLEShares5.58M
TypeSH
Market value$583.78M
32.67%
Sole
1.84M
Shared
0.00
None
3.74M
FULL TRUCK ALLIANCE CO LTD
SOLEShares39.49M
TypeSH
Market value$466.43M
26.10%
Sole
8.88M
Shared
0.00
None
30.62M
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares7.12M
TypeSH
Market value$383.87M
21.48%
Sole
3.27M
Shared
0.00
None
3.85M
ATOUR LIFESTYLE HOLDINGS LTD
SOLEShares5.85M
TypeSH
Market value$190.18M
10.64%
Sole
2.17M
Shared
0.00
None
3.68M
RLX TECHNOLOGY INC
SOLEShares62.86M
TypeSH
Market value$138.93M
7.77%
Sole
45.39M
Shared
0.00
None
17.47M
LUFAX HOLDING LTD
SOLEShares6.46M
TypeSH
Market value$18.04M
1.01%
Sole
5.23M
Shared
0.00
None
1.24M
AXT INC
SOLEShares1.73M
TypeSH
Market value$3.62M
0.20%
Sole
1.73M
Shared
0.00
None
0.00
NOAH HLDGS LTD
SOLEShares175.33K
TypeSH
Market value$2.09M
0.12%
Sole
136.73K
Shared
0.00
None
38.59K
AGORA INC
SOLEShares9.90K
TypeSH
Market value$37.7K
<0.01%
Sole
9.90K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCSOLE | AMERICAN DEP | 5.58M | SH | $583.78M 32.67% | 1.84M | 0.00 | 3.74M |
FULL TRUCK ALLIANCE CO LTDSOLE | SPONSORED ADS | 39.49M | SH | $466.43M 26.10% | 8.88M | 0.00 | 30.62M |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 7.12M | SH | $383.87M 21.48% | 3.27M | 0.00 | 3.85M |
ATOUR LIFESTYLE HOLDINGS LTDSOLE | SPONSORED ADS | 5.85M | SH | $190.18M 10.64% | 2.17M | 0.00 | 3.68M |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 62.86M | SH | $138.93M 7.77% | 45.39M | 0.00 | 17.47M |
LUFAX HOLDING LTDSOLE | SPONSORED ADR | 6.46M | SH | $18.04M 1.01% | 5.23M | 0.00 | 1.24M |
AXT INCSOLE | COM | 1.73M | SH | $3.62M 0.20% | 1.73M | 0.00 | 0.00 |
NOAH HLDGS LTDSOLE | SPON ADS | 175.33K | SH | $2.09M 0.12% | 136.73K | 0.00 | 38.59K |
AGORA INCSOLE | ADS | 9.90K | SH | $37.7K <0.01% | 9.90K | 0.00 | 0.00 |