IDG China Capital Fund III Associates L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), IDG China Capital Fund III Associates L.P. reported 2 stock positions worth $66.1 million. Its top holding was Pony AI (PONY) at 87.1% of the portfolio, followed by Waterdrop (WDH, 12.9%). Its holdings were unchanged from Q4 2024.

Most Recent 13F
Q2 2026
Location
CENTRAL HONG KONG, F4
CIK
0001649614
Portfolio Value
$66.1M (Q1 2025)
SEC Filing
0001104659-25-046531 ↗ filed May 9, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q4 2024: $100.5M Q4 2024 Q1 2025: $66.1M $66.1M Q1 2025 Q2 2025: $2.2B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $801.2M Q4 2025 Q1 2026: $868.3M Q1 2026 Q2 2026: $564.0M Q2 2026

Holdings 2 stocks · $66.1M
PONY Pony AI Inc. 87.09% 6,529,589 $57.6M No change
WDH Waterdrop Inc. 12.91% 5,729,041 $8.5M No change

Portfolio Sells Q4 2024 → Q1 2025
None this quarter.

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$564.0MCRCL, WDH
Q1 2026 2$868.3MCRCL, WDH
Q4 2025 2$801.2MCRCL, WDH
Q3 2025 3$1.6BCRCL, PONY, WDH
Q2 2025 3$2.2BCRCL, PONY, WDH
Q1 2025 2$66.1MPONY, WDH
Q4 2024 2$100.5MPONY, WDH