First Beijing Investment Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), First Beijing Investment Ltd reported 7 stock positions worth $519.5 million. Its top holding was PDD (PDD) at 40.9% of the portfolio, followed by Sea Ltd.-ADR (SE, 33.7%) and Qfin Holdings Inc.-ADR (QFIN, 10.8%). Compared with Q4 2023, it sold out of 19, added to 3 and reduced 1. The biggest buy was Sea Ltd.-ADR (SE, shares +4%) and the biggest sale an exit from Sharkninja (SN).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001701717
- Portfolio Value
- $519.5M (Q1 2024)
- SEC Filing
- 0001701717-24-000003 ↗ filed May 15, 2024
Holdings Value
Holdings 7 stocks · $519.5M
| PDD PDD Holdings Inc. | 40.87% | 1,826,196 | $212.3M | Add +0.4% |
| SE Sea Ltd.-ADR | 33.71% | 3,260,956 | $175.1M | Add +4.4% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 10.85% | 3,057,490 | $56.3M | No change |
| RLX RLX Technology Inc.-ADR | 5.16% | 13,974,402 | $26.8M | Add +6.1% |
| DASH DoorDash Inc. Class A | 4.74% | 178,869 | $24.6M | Reduce -53.3% |
| BILI Bilibili Inc.-Sponsored ADR | 4.58% | 2,122,562 | $23.8M | No change |
| ATAT Atour Lifestyle Holdings-ADR | 0.09% | 26,000 | $466K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| SN Sharkninja Inc. | Sold out | 0.00% | −6.73 |
| ZTO Zto Express Cayman Inc.-ADR | Sold out | 0.00% | −5.30 |
| DASH DoorDash Inc. Class A | Reduce -53.3% | 4.74% | −1.52 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.00 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.00 |
| U Unity Software Inc. | Sold out | 0.00% | −0.00 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −0.00 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.00 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.00 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.00 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.00 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.00 |
| GME Gamestop Corp. Class A | Sold out | 0.00% | −0.00 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.00 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.00 |
| NIO Nio Inc. - ADR | Sold out | 0.00% | −0.00 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.00 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.00 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.00 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $2.4B | YMM, PDD, EDU, SE, FUTU |
| Q1 2026 | 12 | $2.3B | PDD, YMM, EDU, RLX, LEGN |
| Q4 2025 | 8 | $2.5B | YMM, PDD, EDU, ATAT, RLX |
| Q3 2025 | 8 | $2.6B | YMM, PDD, EDU, ATAT, RLX |
| Q2 2025 | 9 | $1.8B | PDD, YMM, EDU, ATAT, RLX |
| Q1 2025 | 8 | $1.5B | PDD, YMM, EDU, ATAT, SE |
| Q4 2024 | 12 | $1.4B | PDD, YMM, SE, ATAT, VIPS |
| Q3 2024Amended | 13 | $1.4B | PDD, SE, ATAT, YMM, VIPS |
| Q2 2024 | 9 | $924.3M | PDD, SE, QFIN, RLX, ATAT |
| Q1 2024 | 7 | $519.5M | PDD, SE, QFIN, RLX, DASH |