Filed: 10/17/2025ACC: 0001193125-25-241924
📋 What this filing means
TB ALTERNATIVE ASSETS LTD. filed this quarterly 13F‑HR report disclosing 48 equity positions with a total reported market value of $668.39M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
48
Positions
$668.39M
Total AUM (reported)
11.60M
Total Shares
Allocation by class
COM$205.50M30.7%
CL A$106.61M15.9%
COM CL A$77.82M11.6%
SPONSORED ADS$72.44M10.8%
CAP STK CL C$58.56M8.8%
CL A NEW$40.60M6.1%
CL C CAP STK$31.37M4.7%
Portfolio Concentration
Top 3$186.79M27.9%
4–10$252.50M37.8%
11–25$188.56M28.2%
Rest$40.55M6.1%
Top 3 weight
27.9%
Top 10 weight
65.7%
Voting Authority Distribution
Total shares with voting rights: 11.60M
Sole
Full voting authority
11.60M
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
Other48
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings48
Rows:
META PLATFORMS INC CL A
DFNDShares104.81K
TypeSH
Market value$76.97M
11.52%
Sole
104.81K
Shared
0.00
None
0.00
ALPHABET INC CAP STK CL C
DFNDShares240.43K
TypeSH
Market value$58.56M
8.76%
Sole
240.43K
Shared
0.00
None
0.00
INTEL CORP
DFNDShares1.53M
TypeSH
Market value$51.26M
7.67%
Sole
1.53M
Shared
0.00
None
0.00
PDD HOLDINGS INC SPONSORED ADS
DFNDShares345.89K
TypeSH
Market value$45.72M
6.84%
Sole
345.89K
Shared
0.00
None
0.00
STRATEGY INC CL A NEW
DFNDShares126K
TypeSH
Market value$40.60M
6.07%
Sole
126K
Shared
0.00
None
0.00
COINBASE GLOBAL INC COM CL A
DFNDShares114.05K
TypeSH
Market value$38.49M
5.76%
Sole
114.05K
Shared
0.00
None
0.00
ROBINHOOD MKTS INC COM CL A
DFNDShares241.68K
TypeSH
Market value$34.60M
5.18%
Sole
241.68K
Shared
0.00
None
0.00
TESLA INC
DFNDShares73.32K
TypeSH
Market value$32.61M
4.88%
Sole
73.32K
Shared
0.00
None
0.00
ZILLOW GROUP INC CL C CAP STK
DFNDShares407.12K
TypeSH
Market value$31.37M
4.69%
Sole
407.12K
Shared
0.00
None
0.00
CENTRUS ENERGY CORP CL A
DFNDShares93.89K
TypeSH
Market value$29.11M
4.36%
Sole
93.89K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
DFNDShares171.14K
TypeSH
Market value$28.85M
4.32%
Sole
171.14K
Shared
0.00
None
0.00
ROCKET LAB CORP
DFNDShares519.24K
TypeSH
Market value$24.88M
3.72%
Sole
519.24K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
DFNDShares69.61K
TypeSH
Market value$22.91M
3.43%
Sole
69.61K
Shared
0.00
None
0.00
MODERNA INC
DFNDShares658.88K
TypeSH
Market value$17.02M
2.55%
Sole
658.88K
Shared
0.00
None
0.00
SO-YOUNG INTERNATIONAL-ADR
DFNDShares3.07M
TypeSH
Market value$11.87M
1.78%
Sole
3.07M
Shared
0.00
None
0.00
NEBIUS GROUP N.V. SHS CLASS A
DFNDShares105.50K
TypeSH
Market value$11.85M
1.77%
Sole
105.50K
Shared
0.00
None
0.00
D R HORTON INC
DFNDShares68.30K
TypeSH
Market value$11.57M
1.73%
Sole
68.30K
Shared
0.00
None
0.00
DUOLINGO INC CL A COM
DFNDShares35.96K
TypeSH
Market value$11.57M
1.73%
Sole
35.96K
Shared
0.00
None
0.00
PROSHARES TR ULTRAPRO SHT QQQ
DFNDShares551.13K
TypeSH
Market value$8.39M
1.26%
Sole
551.13K
Shared
0.00
None
0.00
GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT
DFNDShares85.66K
TypeSH
Market value$7.69M
1.15%
Sole
85.66K
Shared
0.00
None
0.00
TRIP COM GROUP LTD ADS
DFNDShares99.31K
TypeSH
Market value$7.47M
1.12%
Sole
99.31K
Shared
0.00
None
0.00
PARAMOUNT SKYDANCE CORP COM CL B
DFNDShares389.19K
TypeSH
Market value$7.36M
1.10%
Sole
389.19K
Shared
0.00
None
0.00
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS
DFNDShares515.05K
TypeSH
Market value$6.68M
1.00%
Sole
515.05K
Shared
0.00
None
0.00
ORACLE CORP
DFNDShares19.62K
TypeSH
Market value$5.52M
0.83%
Sole
19.62K
Shared
0.00
None
0.00
TAL EDUCATION GROUP SPONSORED ADS
DFNDShares440.70K
TypeSH
Market value$4.94M
0.74%
Sole
440.70K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
META PLATFORMS INC CL ADFND | CL A | 104.81K | SH | $76.97M 11.52% | 104.81K | 0.00 | 0.00 |
ALPHABET INC CAP STK CL CDFND | CAP STK CL C | 240.43K | SH | $58.56M 8.76% | 240.43K | 0.00 | 0.00 |
INTEL CORPDFND | COM | 1.53M | SH | $51.26M 7.67% | 1.53M | 0.00 | 0.00 |
PDD HOLDINGS INC SPONSORED ADSDFND | SPONSORED ADS | 345.89K | SH | $45.72M 6.84% | 345.89K | 0.00 | 0.00 |
STRATEGY INC CL A NEWDFND | CL A NEW | 126K | SH | $40.60M 6.07% | 126K | 0.00 | 0.00 |
COINBASE GLOBAL INC COM CL ADFND | COM CL A | 114.05K | SH | $38.49M 5.76% | 114.05K | 0.00 | 0.00 |
ROBINHOOD MKTS INC COM CL ADFND | COM CL A | 241.68K | SH | $34.60M 5.18% | 241.68K | 0.00 | 0.00 |
TESLA INCDFND | COM | 73.32K | SH | $32.61M 4.88% | 73.32K | 0.00 | 0.00 |
ZILLOW GROUP INC CL C CAP STKDFND | CL C CAP STK | 407.12K | SH | $31.37M 4.69% | 407.12K | 0.00 | 0.00 |
CENTRUS ENERGY CORP CL ADFND | CL A | 93.89K | SH | $29.11M 4.36% | 93.89K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDDFND | COM | 171.14K | SH | $28.85M 4.32% | 171.14K | 0.00 | 0.00 |
ROCKET LAB CORPDFND | COM | 519.24K | SH | $24.88M 3.72% | 519.24K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPDFND | COM | 69.61K | SH | $22.91M 3.43% | 69.61K | 0.00 | 0.00 |
MODERNA INCDFND | COM | 658.88K | SH | $17.02M 2.55% | 658.88K | 0.00 | 0.00 |
SO-YOUNG INTERNATIONAL-ADRDFND | SPONSORED ADS | 3.07M | SH | $11.87M 1.78% | 3.07M | 0.00 | 0.00 |
NEBIUS GROUP N.V. SHS CLASS ADFND | SHS CLASS A | 105.50K | SH | $11.85M 1.77% | 105.50K | 0.00 | 0.00 |
D R HORTON INCDFND | COM | 68.30K | SH | $11.57M 1.73% | 68.30K | 0.00 | 0.00 |
DUOLINGO INC CL A COMDFND | CL A COM | 35.96K | SH | $11.57M 1.73% | 35.96K | 0.00 | 0.00 |
PROSHARES TR ULTRAPRO SHT QQQDFND | ULTRAPRO SHT QQQ | 551.13K | SH | $8.39M 1.26% | 551.13K | 0.00 | 0.00 |
GRAYSCALE BITCOIN TRUST ETF SHS REP COM UTDFND | SHS REP COM UT | 85.66K | SH | $7.69M 1.15% | 85.66K | 0.00 | 0.00 |
TRIP COM GROUP LTD ADSDFND | ADS | 99.31K | SH | $7.47M 1.12% | 99.31K | 0.00 | 0.00 |
PARAMOUNT SKYDANCE CORP COM CL BDFND | COM CL B | 389.19K | SH | $7.36M 1.10% | 389.19K | 0.00 | 0.00 |
FULL TRUCK ALLIANCE CO LTD SPONSORED ADSDFND | SPONSORED ADS | 515.05K | SH | $6.68M 1.00% | 515.05K | 0.00 | 0.00 |
ORACLE CORPDFND | COM | 19.62K | SH | $5.52M 0.83% | 19.62K | 0.00 | 0.00 |
TAL EDUCATION GROUP SPONSORED ADSDFND | SPONSORED ADS | 440.70K | SH | $4.94M 0.74% | 440.70K | 0.00 | 0.00 |
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