All-Stars Investment Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), All-Stars Investment Ltd reported 4 stock positions worth $267.5 million. Its top holding was Full Truck Alliance -SPN ADR (YMM) at 88.6% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 6.3%) and iShares Ethereum Trust ETF (ETHA, 3.7%). Compared with Q3 2025, it added to 1 and reduced 1. The biggest buy was iShares Ethereum Trust ETF (ETHA, shares +1%) and the biggest sale PDD (PDD, shares −10%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001633603
Portfolio Value
$267.5M (Q4 2025)
SEC Filing
0001633603-26-000001 ↗ filed Jan 21, 2026

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 Q3 2025 Q4 2025: $267.5M $267.5M Q4 2025 Q1 2026: $206.1M Q1 2026 Q2 2026: $199.2M Q2 2026

Holdings 4 stocks · $267.5M
YMM Full Truck Alliance -SPN ADR 88.62% 22,095,164 $237.1M No change
IBIT iShares Bitcoin Trust ETF 6.33% 341,000 $16.9M No change
ETHA iShares Ethereum Trust ETF 3.71% 443,000 $9.9M Add +1.1%
PDD PDD Holdings Inc. 1.34% 31,650 $3.6M Reduce -9.6%

Portfolio Sells Q3 2025 → Q4 2025
PDD PDD Holdings Inc. Reduce -9.6% 1.34% −0.07

Portfolio Buys Q3 2025 → Q4 2025
ETHA iShares Ethereum Trust ETF Add +1.1% 3.71% −0.50

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