All-Stars Investment Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), All-Stars Investment Ltd reported 4 stock positions worth $327.2 million. Its top holding was Full Truck Alliance -SPN ADR (YMM) at 87.6% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 6.8%) and iShares Ethereum Trust ETF (ETHA, 4.2%). Compared with Q2 2025, it opened 1 new position and reduced 2. The biggest buy was a new position in iShares Ethereum Trust ETF (ETHA) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −32%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001633603
Portfolio Value
$327.2M (Q3 2025)
SEC Filing
0001633603-25-000007 ↗ filed Oct 30, 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 Q2 2025 Q3 2025: $327.2M $327.2M Q3 2025 Q4 2025: $267.5M Q4 2025 Q1 2026: $206.1M Q1 2026 Q2 2026: $199.2M Q2 2026

Holdings 4 stocks · $327.2M
YMM Full Truck Alliance -SPN ADR 87.59% 22,095,164 $286.6M No change
IBIT iShares Bitcoin Trust ETF 6.77% 341,000 $22.2M Reduce -31.9%
ETHA iShares Ethereum Trust ETF 4.22% 438,000 $13.8M New
PDD PDD Holdings Inc. 1.41% 35,000 $4.6M Reduce -42.1%

Portfolio Sells Q2 2025 → Q3 2025
IBIT iShares Bitcoin Trust ETF Reduce -31.9% 6.77% −3.52
PDD PDD Holdings Inc. Reduce -42.1% 1.41% −0.71

Portfolio Buys Q2 2025 → Q3 2025
ETHA iShares Ethereum Trust ETF New 4.22% +4.22

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