All-Stars Investment Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), All-Stars Investment Ltd reported 3 stock positions worth $297.9 million. Its top holding was Full Truck Alliance -SPN ADR (YMM) at 87.6% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 10.3%) and PDD (PDD, 2.1%). Compared with Q1 2025, it reduced 2. The biggest sale was Full Truck Alliance -SPN ADR (YMM, shares −3%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001633603
Portfolio Value
$297.9M (Q2 2025)
SEC Filing
0001633603-25-000005 ↗ filed Aug 6, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $250.7M Q1 2024 Q2 2024: $280.2M Q2 2024 Q3 2024: $244.1M Q3 2024 Q4 2024: $273.1M Q4 2024 Q1 2025: $324.3M Q1 2025 Q2 2025: $297.9M $297.9M Q2 2025 Q3 2025: $327.2M Q3 2025 Q4 2025: $267.5M Q4 2025 Q1 2026: $206.1M Q1 2026 Q2 2026: $199.2M Q2 2026

Holdings 3 stocks · $297.9M
YMM Full Truck Alliance -SPN ADR 87.58% 22,095,164 $260.9M Reduce -2.6%
IBIT iShares Bitcoin Trust ETF 10.29% 501,000 $30.7M No change
PDD PDD Holdings Inc. 2.13% 60,500 $6.3M Reduce -36.0%

Portfolio Sells Q1 2025 → Q2 2025
YMM Full Truck Alliance -SPN ADR Reduce -2.6% 87.58% −1.74
PDD PDD Holdings Inc. Reduce -36.0% 2.13% −1.32

Portfolio Buys Q1 2025 → Q2 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$199.2MYMM, IBIT, ETHA, GOOG, AVGO
Q1 2026 4$206.1MYMM, IBIT, ETHA, GOOG
Q4 2025 4$267.5MYMM, IBIT, ETHA, PDD
Q3 2025 4$327.2MYMM, IBIT, ETHA, PDD
Q2 2025 3$297.9MYMM, IBIT, PDD
Q1 2025 3$324.3MYMM, IBIT, PDD
Q4 2024 3$273.1MYMM, IBIT, PDD
Q3 2024 3$244.1MYMM, PDD, IBIT
Q2 2024 4$280.2MYMM, PDD, IBIT, TAL
Q1 2024 3$250.7MYMM, PDD, TAL