Filed: 7/16/2025ACC: 0000950123-25-006409
📋 What this filing means
TB ALTERNATIVE ASSETS LTD. filed this quarterly 13F‑HR report disclosing 41 equity positions with a total reported market value of $540.04M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
41
Positions
$540.04M
Total AUM (reported)
12.06M
Total Shares
Allocation by class
COM$220.36M40.8%
CAP STK CL C$53.58M9.9%
SPONSORED ADS$53.27M9.9%
CL C CAP STK$50.15M9.3%
CL A$47.57M8.8%
COM CL A$41.37M7.7%
N Y REGISTRY SHS$29.05M5.4%
Portfolio Concentration
Top 3$156.65M29.0%
4–10$252.61M46.8%
11–25$112.77M20.9%
Rest$18.01M3.3%
Top 3 weight
29.0%
Top 10 weight
75.8%
Voting Authority Distribution
Total shares with voting rights: 12.06M
Sole
Full voting authority
12.06M
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
Other41
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings41
Rows:
ALPHABET INC CAP STK CL C
DFNDShares302.03K
TypeSH
Market value$53.58M
9.92%
Sole
302.03K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
DFNDShares163.95K
TypeSH
Market value$52.92M
9.80%
Sole
163.95K
Shared
0.00
None
0.00
ZILLOW GROUP INC CL C CAP STK
DFNDShares715.95K
TypeSH
Market value$50.15M
9.29%
Sole
715.95K
Shared
0.00
None
0.00
INTEL CORP
DFNDShares2.01M
TypeSH
Market value$44.93M
8.32%
Sole
2.01M
Shared
0.00
None
0.00
COINBASE GLOBAL INC COM CL A
DFNDShares116.99K
TypeSH
Market value$41.00M
7.59%
Sole
116.99K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
DFNDShares341.62K
TypeSH
Market value$40.63M
7.52%
Sole
341.62K
Shared
0.00
None
0.00
META PLATFORMS INC CL A
DFNDShares54.10K
TypeSH
Market value$39.93M
7.39%
Sole
54.10K
Shared
0.00
None
0.00
MODERNA INC
DFNDShares1.26M
TypeSH
Market value$34.79M
6.44%
Sole
1.26M
Shared
0.00
None
0.00
ASML HOLDING N V N Y REGISTRY SHS
DFNDShares36.24K
TypeSH
Market value$29.05M
5.38%
Sole
36.24K
Shared
0.00
None
0.00
PDD HOLDINGS INC SPONSORED ADS
DFNDShares212.89K
TypeSH
Market value$22.28M
4.13%
Sole
212.89K
Shared
0.00
None
0.00
GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT
DFNDShares234.68K
TypeSH
Market value$19.91M
3.69%
Sole
234.68K
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares64.89K
TypeSH
Market value$14.24M
2.64%
Sole
64.89K
Shared
0.00
None
0.00
EBAY INC.
DFNDShares184.17K
TypeSH
Market value$13.71M
2.54%
Sole
184.17K
Shared
0.00
None
0.00
SO-YOUNG INTERNATIONAL-ADR
DFNDShares3.07M
TypeSH
Market value$9.51M
1.76%
Sole
3.07M
Shared
0.00
None
0.00
SPORTRADAR GROUP AG CLASS A ORD SHS
DFNDShares280.77K
TypeSH
Market value$7.88M
1.46%
Sole
280.77K
Shared
0.00
None
0.00
CENTRUS ENERGY CORP CL A
DFNDShares41.71K
TypeSH
Market value$7.64M
1.41%
Sole
41.71K
Shared
0.00
None
0.00
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS
DFNDShares530.45K
TypeSH
Market value$6.26M
1.16%
Sole
530.45K
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
DFNDShares16.86K
TypeSH
Market value$5.26M
0.97%
Sole
16.86K
Shared
0.00
None
0.00
DIREXION SHS ETF TR DL FTSE BULL 3X
DFNDShares123.36K
TypeSH
Market value$5.06M
0.94%
Sole
123.36K
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
DFNDShares39.89K
TypeSH
Market value$4.92M
0.91%
Sole
39.89K
Shared
0.00
None
0.00
KE HLDGS INC SPONSORED ADS
DFNDShares265.71K
TypeSH
Market value$4.71M
0.87%
Sole
265.71K
Shared
0.00
None
0.00
TAL EDUCATION GROUP SPONSORED ADS
DFNDShares454.80K
TypeSH
Market value$4.65M
0.86%
Sole
454.80K
Shared
0.00
None
0.00
NUSCALE PWR CORP CL A COM
DFNDShares80.24K
TypeSH
Market value$3.17M
0.59%
Sole
80.24K
Shared
0.00
None
0.00
BIONTECH SE SPONSORED ADS
DFNDShares28.92K
TypeSH
Market value$3.08M
0.57%
Sole
28.92K
Shared
0.00
None
0.00
NETEASE INC SPONSORED ADS
DFNDShares20.59K
TypeSH
Market value$2.77M
0.51%
Sole
20.59K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ALPHABET INC CAP STK CL CDFND | CAP STK CL C | 302.03K | SH | $53.58M 9.92% | 302.03K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPDFND | COM | 163.95K | SH | $52.92M 9.80% | 163.95K | 0.00 | 0.00 |
ZILLOW GROUP INC CL C CAP STKDFND | CL C CAP STK | 715.95K | SH | $50.15M 9.29% | 715.95K | 0.00 | 0.00 |
INTEL CORPDFND | COM | 2.01M | SH | $44.93M 8.32% | 2.01M | 0.00 | 0.00 |
COINBASE GLOBAL INC COM CL ADFND | COM CL A | 116.99K | SH | $41.00M 7.59% | 116.99K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDDFND | COM | 341.62K | SH | $40.63M 7.52% | 341.62K | 0.00 | 0.00 |
META PLATFORMS INC CL ADFND | CL A | 54.10K | SH | $39.93M 7.39% | 54.10K | 0.00 | 0.00 |
MODERNA INCDFND | COM | 1.26M | SH | $34.79M 6.44% | 1.26M | 0.00 | 0.00 |
ASML HOLDING N V N Y REGISTRY SHSDFND | N Y REGISTRY SHS | 36.24K | SH | $29.05M 5.38% | 36.24K | 0.00 | 0.00 |
PDD HOLDINGS INC SPONSORED ADSDFND | SPONSORED ADS | 212.89K | SH | $22.28M 4.13% | 212.89K | 0.00 | 0.00 |
GRAYSCALE BITCOIN TRUST ETF SHS REP COM UTDFND | SHS REP COM UT | 234.68K | SH | $19.91M 3.69% | 234.68K | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 64.89K | SH | $14.24M 2.64% | 64.89K | 0.00 | 0.00 |
EBAY INC.DFND | COM | 184.17K | SH | $13.71M 2.54% | 184.17K | 0.00 | 0.00 |
SO-YOUNG INTERNATIONAL-ADRDFND | SPONSORED ADS | 3.07M | SH | $9.51M 1.76% | 3.07M | 0.00 | 0.00 |
SPORTRADAR GROUP AG CLASS A ORD SHSDFND | CLASS A ORD SHS | 280.77K | SH | $7.88M 1.46% | 280.77K | 0.00 | 0.00 |
CENTRUS ENERGY CORP CL ADFND | CL A | 41.71K | SH | $7.64M 1.41% | 41.71K | 0.00 | 0.00 |
FULL TRUCK ALLIANCE CO LTD SPONSORED ADSDFND | SPONSORED ADS | 530.45K | SH | $6.26M 1.16% | 530.45K | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCDFND | COM | 16.86K | SH | $5.26M 0.97% | 16.86K | 0.00 | 0.00 |
DIREXION SHS ETF TR DL FTSE BULL 3XDFND | DL FTSE BULL 3X | 123.36K | SH | $5.06M 0.94% | 123.36K | 0.00 | 0.00 |
MICRON TECHNOLOGY INCDFND | COM | 39.89K | SH | $4.92M 0.91% | 39.89K | 0.00 | 0.00 |
KE HLDGS INC SPONSORED ADSDFND | SPONSORED ADS | 265.71K | SH | $4.71M 0.87% | 265.71K | 0.00 | 0.00 |
TAL EDUCATION GROUP SPONSORED ADSDFND | SPONSORED ADS | 454.80K | SH | $4.65M 0.86% | 454.80K | 0.00 | 0.00 |
NUSCALE PWR CORP CL A COMDFND | CL A COM | 80.24K | SH | $3.17M 0.59% | 80.24K | 0.00 | 0.00 |
BIONTECH SE SPONSORED ADSDFND | SPONSORED ADS | 28.92K | SH | $3.08M 0.57% | 28.92K | 0.00 | 0.00 |
NETEASE INC SPONSORED ADSDFND | SPONSORED ADS | 20.59K | SH | $2.77M 0.51% | 20.59K | 0.00 | 0.00 |
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