Filed: 4/28/2023ACC: 0000950123-23-003462
📋 What this filing means
TB ALTERNATIVE ASSETS LTD. filed this quarterly 13F‑HR report disclosing 40 equity positions with a total reported market value of $405.64M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
40
Positions
$405.64M
Total AUM (reported)
30.84M
Total Shares
Allocation by class
SPONSORED ADS$151.54M37.4%
CL A$79.02M19.5%
COM CL A$39.00M9.6%
COM$35.26M8.7%
ULTRAPRO QQQ$34.03M8.4%
CL A COM$18.55M4.6%
SPONS ADS REP Z$14.86M3.7%
Portfolio Concentration
Top 3$153.48M37.8%
4–10$134.81M33.2%
11–25$96.68M23.8%
Rest$20.67M5.1%
Top 3 weight
37.8%
Top 10 weight
71.1%
Voting Authority Distribution
Total shares with voting rights: 30.84M
Sole
Full voting authority
30.84M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other40
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings40
Rows:
KE HOLDINGS INC-ADR BEKE US
DFNDShares3.31M
TypeSH
Market value$62.42M
15.39%
Sole
3.31M
Shared
0.00
None
0.00
PDD HOLDINGS INC PDD US
DFNDShares751.40K
TypeSH
Market value$57.03M
14.06%
Sole
751.40K
Shared
0.00
None
0.00
PROSHARES ULTRAPRO QQQ TQQQ US
DFNDShares1.20M
TypeSH
Market value$34.03M
8.39%
Sole
1.20M
Shared
0.00
None
0.00
DOORDASH INC - A DASH US
DFNDShares474.10K
TypeSH
Market value$30.13M
7.43%
Sole
474.10K
Shared
0.00
None
0.00
ROBINHOOD MARKETS INC - A HOOD US
DFNDShares2.52M
TypeSH
Market value$24.48M
6.04%
Sole
2.52M
Shared
0.00
None
0.00
SNAP INC - A SNAP US
DFNDShares1.89M
TypeSH
Market value$21.22M
5.23%
Sole
1.89M
Shared
0.00
None
0.00
DATADOG INC - CLASS A DDOG US
DFNDShares255.30K
TypeSH
Market value$18.55M
4.57%
Sole
255.30K
Shared
0.00
None
0.00
BILIBILI INC-SPONSORED ADR BILI US
DFNDShares632.40K
TypeSH
Market value$14.86M
3.66%
Sole
632.40K
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC UBER US
DFNDShares432K
TypeSH
Market value$13.69M
3.38%
Sole
432K
Shared
0.00
None
0.00
DOCUSIGN INC DOCU US
DFNDShares203.60K
TypeSH
Market value$11.87M
2.93%
Sole
203.60K
Shared
0.00
None
0.00
COINBASE GLOBAL INC -CLASS A COIN US
DFNDShares170.90K
TypeSH
Market value$11.55M
2.85%
Sole
170.90K
Shared
0.00
None
0.00
ZILLOW GROUP INC - C Z US
DFNDShares235.40K
TypeSH
Market value$10.47M
2.58%
Sole
235.40K
Shared
0.00
None
0.00
TAL EDUCATION GROUP- ADR TAL US
DFNDShares1.58M
TypeSH
Market value$10.12M
2.49%
Sole
1.58M
Shared
0.00
None
0.00
BLOCK INC SQ US
DFNDShares143.70K
TypeSH
Market value$9.87M
2.43%
Sole
143.70K
Shared
0.00
None
0.00
FULL TRUCK ALLIANCE -SPN ADR YMM US
DFNDShares1.15M
TypeSH
Market value$8.71M
2.15%
Sole
1.15M
Shared
0.00
None
0.00
SNOWFLAKE INC-CLASS A SNOW US
DFNDShares55.60K
TypeSH
Market value$8.58M
2.11%
Sole
55.60K
Shared
0.00
None
0.00
SO-YOUNG INTERNATIONAL-ADR
DFNDShares3.07M
TypeSH
Market value$6.60M
1.63%
Sole
3.07M
Shared
0.00
None
0.00
NEW ORIENTAL EDUCATIO-SP ADR EDU US
DFNDShares129K
TypeSH
Market value$4.98M
1.23%
Sole
129K
Shared
0.00
None
0.00
META PLATFORMS INC-CLASS A META US
DFNDShares21.10K
TypeSH
Market value$4.47M
1.10%
Sole
21.10K
Shared
0.00
None
0.00
IQIYI INC-ADR IQ US
DFNDShares582.10K
TypeSH
Market value$4.24M
1.04%
Sole
582.10K
Shared
0.00
None
0.00
ZOOM VIDEO COMMUNICATIONS-A ZM US
DFNDShares51.10K
TypeSH
Market value$3.77M
0.93%
Sole
51.10K
Shared
0.00
None
0.00
NU HOLDINGS LTD/CAYMAN ISL-A NU US
DFNDShares774.10K
TypeSH
Market value$3.68M
0.91%
Sole
774.10K
Shared
0.00
None
0.00
CLOOPEN GROUP HOLDING LTD
DFNDShares1.92M
TypeSH
Market value$3.32M
0.82%
Sole
1.92M
Shared
0.00
None
0.00
LIGHTINTHEBOX HOLDING-ADR
DFNDShares2.06M
TypeSH
Market value$3.31M
0.82%
Sole
2.06M
Shared
0.00
None
0.00
BILL HOLDINGS INC BILL US
DFNDShares37K
TypeSH
Market value$3.00M
0.74%
Sole
37K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
KE HOLDINGS INC-ADR BEKE USDFND | SPONSORED ADS | 3.31M | SH | $62.42M 15.39% | 3.31M | 0.00 | 0.00 |
PDD HOLDINGS INC PDD USDFND | SPONSORED ADS | 751.40K | SH | $57.03M 14.06% | 751.40K | 0.00 | 0.00 |
PROSHARES ULTRAPRO QQQ TQQQ USDFND | ULTRAPRO QQQ | 1.20M | SH | $34.03M 8.39% | 1.20M | 0.00 | 0.00 |
DOORDASH INC - A DASH USDFND | CL A | 474.10K | SH | $30.13M 7.43% | 474.10K | 0.00 | 0.00 |
ROBINHOOD MARKETS INC - A HOOD USDFND | COM CL A | 2.52M | SH | $24.48M 6.04% | 2.52M | 0.00 | 0.00 |
SNAP INC - A SNAP USDFND | CL A | 1.89M | SH | $21.22M 5.23% | 1.89M | 0.00 | 0.00 |
DATADOG INC - CLASS A DDOG USDFND | CL A COM | 255.30K | SH | $18.55M 4.57% | 255.30K | 0.00 | 0.00 |
BILIBILI INC-SPONSORED ADR BILI USDFND | SPONS ADS REP Z | 632.40K | SH | $14.86M 3.66% | 632.40K | 0.00 | 0.00 |
UBER TECHNOLOGIES INC UBER USDFND | COM | 432K | SH | $13.69M 3.38% | 432K | 0.00 | 0.00 |
DOCUSIGN INC DOCU USDFND | COM | 203.60K | SH | $11.87M 2.93% | 203.60K | 0.00 | 0.00 |
COINBASE GLOBAL INC -CLASS A COIN USDFND | COM CL A | 170.90K | SH | $11.55M 2.85% | 170.90K | 0.00 | 0.00 |
ZILLOW GROUP INC - C Z USDFND | CL C CAP STK | 235.40K | SH | $10.47M 2.58% | 235.40K | 0.00 | 0.00 |
TAL EDUCATION GROUP- ADR TAL USDFND | SPONSORED ADS | 1.58M | SH | $10.12M 2.49% | 1.58M | 0.00 | 0.00 |
BLOCK INC SQ USDFND | CL A | 143.70K | SH | $9.87M 2.43% | 143.70K | 0.00 | 0.00 |
FULL TRUCK ALLIANCE -SPN ADR YMM USDFND | SPONSORED ADS | 1.15M | SH | $8.71M 2.15% | 1.15M | 0.00 | 0.00 |
SNOWFLAKE INC-CLASS A SNOW USDFND | CL A | 55.60K | SH | $8.58M 2.11% | 55.60K | 0.00 | 0.00 |
SO-YOUNG INTERNATIONAL-ADRDFND | SPONSORED ADS | 3.07M | SH | $6.60M 1.63% | 3.07M | 0.00 | 0.00 |
NEW ORIENTAL EDUCATIO-SP ADR EDU USDFND | SPON ADR | 129K | SH | $4.98M 1.23% | 129K | 0.00 | 0.00 |
META PLATFORMS INC-CLASS A META USDFND | CL A | 21.10K | SH | $4.47M 1.10% | 21.10K | 0.00 | 0.00 |
IQIYI INC-ADR IQ USDFND | SPONSORED ADS | 582.10K | SH | $4.24M 1.04% | 582.10K | 0.00 | 0.00 |
ZOOM VIDEO COMMUNICATIONS-A ZM USDFND | CL A | 51.10K | SH | $3.77M 0.93% | 51.10K | 0.00 | 0.00 |
NU HOLDINGS LTD/CAYMAN ISL-A NU USDFND | ORD SHS CL A | 774.10K | SH | $3.68M 0.91% | 774.10K | 0.00 | 0.00 |
CLOOPEN GROUP HOLDING LTDDFND | ADS | 1.92M | SH | $3.32M 0.82% | 1.92M | 0.00 | 0.00 |
LIGHTINTHEBOX HOLDING-ADRDFND | SPONSORED ADR | 2.06M | SH | $3.31M 0.82% | 2.06M | 0.00 | 0.00 |
BILL HOLDINGS INC BILL USDFND | COM | 37K | SH | $3.00M 0.74% | 37K | 0.00 | 0.00 |
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