AI Portfolio Summary
In 2025 Q4, First Beijing Investment Ltd maintained a portfolio of 9 distinct positions. The most significant new addition to the portfolio was KASPI KZ JSC, which now represents 0.35% of the total fund value. They heavily accumulated shares in FULL TRUCK ALLIANCE , increasing their position by 11.6%. Conversely, First Beijing Investment Ltd completely exited their position in AXT INC.
Total Positions
9
Quarter
2025 Q4
Top Holding
YMM (32.4%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-9 of 9
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
YMM
FULL TRUCK ALLI...
|
Technology | 32.42% | 34.38% |
#1
Prev: #1
|
8.0 | 7,970,988 | 11.6% |
P
S
|
76,616,568 | $822,095,775 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PDD
PDD HOLDINGS IN...
|
Consumer Cyclical | 30.33% | 31.48% |
#2
Prev: #2
|
7.5 | 614,234 | 10.0% |
P
S
|
6,782,955 | $769,119,267 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EDU
NEW ORIENTAL ED...
|
Consumer Defensive | 21.93% | 19.15% |
#3
Prev: #3
|
7.0 | 759,464 | 8.1% |
P
S
|
10,105,965 | $556,131,254 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ATAT
ATOUR LIFESTYLE...
|
Consumer Cyclical | 9.03% | 8.23% |
#4
Prev: #4
|
4.6 | 142,282 | 2.5% |
P
S
|
5,811,104 | $228,957,498 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RLX
RLX TECHNOLOGY ...
|
Consumer Defensive | 5.78% | 6.38% |
#5
Prev: #5
|
3.8 | no change | no change |
P
S
|
62,864,424 | $146,474,108 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KSPI
KASPI KZ JSC
|
Technology | 0.35% | — |
#6
Prev: #—
|
3.6 | 112,388 | no change |
NEW
|
112,388 | $8,780,874 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NOAH
NOAH HLDGS LTD
|
Financial Services | 0.16% | 0.08% |
#7
Prev: #7
|
3.1 | 217,199 | 123.9% |
P
S
|
392,527 | $3,940,971 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
API
AGORA INC
|
Technology | 0.00% | 0.00% |
#8
Prev: #8
|
1.0 | no change | no change |
P
S
|
9,900 | $40,293 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AXTI
AXT INC
|
Technology | 0.00% | 0.30% |
Sold All 😨
(Was: #6) |
0.0 | -1,730,156 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-9 of 9 holdings