Filed: 2/17/2026ACC: 0001701717-26-000005
📋 What this filing means
FIRST BEIJING INVESTMENT LTD filed this quarterly 13F‑HR report disclosing 8 equity positions with a total reported market value of $2.54B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
8
Positions
$2.54B
Total AUM (reported)
162.70M
Total Shares
Allocation by class
SPONSORED ADS$1.21B47.6%
AMERICAN DEP$769.12M30.3%
SPON ADR$556.13M21.9%
SPON ADS$3.94M0.2%
ADS$40.3K0.0%
Portfolio Concentration
Top 3$2.15B84.7%
4–10$388.19M15.3%
Top 3 weight
84.7%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 162.70M
Sole
Full voting authority
90.85M
shares
% of voting shares55.8%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
71.84M
shares
% of voting shares44.2%
Investment Discretion (by position count)
Sole8
Shared0
Other0
Dominant voting typeSole · 55.8% of voting shares
Institutional Holdings8
Rows:
FULL TRUCK ALLIANCE CO LTD
SOLEShares76.62M
TypeSH
Market value$822.10M
32.42%
Sole
35.52M
Shared
0.00
None
41.10M
PDD HOLDINGS INC
SOLEShares6.78M
TypeSH
Market value$769.12M
30.33%
Sole
2.50M
Shared
0.00
None
4.28M
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares10.11M
TypeSH
Market value$556.13M
21.93%
Sole
5.20M
Shared
0.00
None
4.90M
ATOUR LIFESTYLE HOLDINGS LTD
SOLEShares5.81M
TypeSH
Market value$228.96M
9.03%
Sole
1.76M
Shared
0.00
None
4.05M
RLX TECHNOLOGY INC
SOLEShares62.86M
TypeSH
Market value$146.47M
5.78%
Sole
45.39M
Shared
0.00
None
17.47M
KASPI KZ JSC
SOLEShares112.39K
TypeSH
Market value$8.78M
0.35%
Sole
112.39K
Shared
0.00
None
0.00
NOAH HLDGS LTD
SOLEShares392.53K
TypeSH
Market value$3.94M
0.16%
Sole
353.93K
Shared
0.00
None
38.59K
AGORA INC
SOLEShares9.90K
TypeSH
Market value$40.3K
<0.01%
Sole
9.90K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
FULL TRUCK ALLIANCE CO LTDSOLE | SPONSORED ADS | 76.62M | SH | $822.10M 32.42% | 35.52M | 0.00 | 41.10M |
PDD HOLDINGS INCSOLE | AMERICAN DEP | 6.78M | SH | $769.12M 30.33% | 2.50M | 0.00 | 4.28M |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 10.11M | SH | $556.13M 21.93% | 5.20M | 0.00 | 4.90M |
ATOUR LIFESTYLE HOLDINGS LTDSOLE | SPONSORED ADS | 5.81M | SH | $228.96M 9.03% | 1.76M | 0.00 | 4.05M |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 62.86M | SH | $146.47M 5.78% | 45.39M | 0.00 | 17.47M |
KASPI KZ JSCSOLE | SPONSORED ADS | 112.39K | SH | $8.78M 0.35% | 112.39K | 0.00 | 0.00 |
NOAH HLDGS LTDSOLE | SPON ADS | 392.53K | SH | $3.94M 0.16% | 353.93K | 0.00 | 38.59K |
AGORA INCSOLE | ADS | 9.90K | SH | $40.3K <0.01% | 9.90K | 0.00 | 0.00 |