TB Alternative Assets Ltd.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 18, 2024), TB Alternative Assets Ltd. reported 37 stock positions worth $429.5 million. Its top holding was Snap Class A (SNAP) at 15.0% of the portfolio, followed by Airbnb Class A (ABNB, 11.5%) and Zillow Class C (Z, 11.5%). Compared with Q1 2024, it opened 8 new positions, sold out of 11, added to 7 and reduced 6. The biggest buy was Meta Platforms Class A (META, shares +290%) and the biggest sale an exit from Bristol-Myers Squibb (BMY).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001483503
- Portfolio Value
- $429.5M (Q2 2024)
- SEC Filing
- 0000950123-24-006643 ↗ filed Jul 18, 2024
Holdings Value
Holdings 37 stocks · $429.5M
| SNAP Snap Inc. Class A | 15.02% | 3,883,000 | $64.5M | Reduce -23.8% |
| ABNB Airbnb Inc. Class A | 11.54% | 326,800 | $49.6M | Add +0.9% |
| Z Zillow Group Inc. Class C | 11.52% | 1,066,400 | $49.5M | Add +38.0% |
| META Meta Platforms Inc. Class A | 8.02% | 68,300 | $34.4M | Add +290.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 7.11% | 307,700 | $30.6M | Add +21.1% |
| NVDA Nvidia Corp. | 4.39% | 152,600 | $18.9M | Add +6.7% |
| HOOD Robinhood Markets Inc. Class A | 4.15% | 785,100 | $17.8M | Reduce -39.0% |
| TSM Taiwan Semiconductor-SP ADR | 4.06% | 100,440 | $17.5M | New |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 4.06% | 475,900 | $17.5M | No change |
| PDD PDD Holdings Inc. | 4.01% | 129,500 | $17.2M | Add +48.9% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 3.59% | 1,089,797 | $15.4M | Reduce -6.7% |
| GOOG Alphabet Inc. Class C | 3.37% | 79,000 | $14.5M | No change |
| BA The Boeing Co. | 2.42% | 57,000 | $10.4M | New |
| LABU DRXN DLY S&P BT BL 3X ETF-Ui | 2.03% | 76,700 | $8.7M | No change |
| LYFT LYFT Inc. Class A | 1.38% | 420,700 | $5.9M | Reduce -20.5% |
| TAL Tal Education Group- ADR | 1.35% | 545,000 | $5.8M | Reduce -19.9% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 1.33% | 4,135 | $5.7M | Add +2020.5% |
| YMM Full Truck Alliance -SPN ADR | 1.19% | 635,900 | $5.1M | No change |
| BILI Bilibili Inc.-Sponsored ADR | 1.09% | 303,900 | $4.7M | No change |
| TALK Talkspace Inc. | 1.03% | 1,932,612 | $4.4M | No change |
| TSLA Tesla Inc. | 0.84% | 18,210 | $3.6M | Reduce -53.2% |
| ULTA Ulta Beauty Inc. | 0.82% | 9,180 | $3.5M | New |
| BIDU Baidu Inc. - Spon ADR | 0.80% | 39,800 | $3.4M | No change |
| SY So-Young International-ADR | 0.76% | 3,067,873 | $3.3M | No change |
| ENPH Enphase Energy Inc. | 0.69% | 29,700 | $3.0M | No change |
| NTES Netease Inc.-ADR | 0.62% | 27,930 | $2.7M | New |
| LITB Lightinthebox Holding-ADR | 0.43% | 2,057,023 | $1.9M | No change |
| AER Aercap Holdings NV | 0.41% | 18,700 | $1.7M | New |
| MOGU Mogu Inc.-ADR | 0.39% | 689,100 | $1.7M | No change |
| TME Tencent Music Entertainm-ADR | 0.35% | 107,500 | $1.5M | No change |
| ISRG Intuitive Surgical Inc. | 0.28% | 2,720 | $1.2M | New |
| IQ Iqiyi Inc.-ADR | 0.26% | 309,400 | $1.1M | No change |
| SE Sea Ltd.-ADR | 0.26% | 15,600 | $1.1M | New |
| JOYY Joyy Inc.-ADR | 0.21% | 29,600 | $891K | No change |
| SLV iShares Silver Trust | 0.17% | 27,800 | $739K | New |
| YJ Yunji Inc.-ADR | 0.02% | 129,000 | $89K | No change |
| API Agora Inc.-ADR | 0.01% | 25,600 | $54K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −2.64 |
| HOOD Robinhood Markets Inc. Class A | Reduce -39.0% | 4.15% | −2.34 |
| BAC Bank of America Corp. | Sold out | 0.00% | −1.83 |
| MRNA Moderna Inc. | Sold out | 0.00% | −1.60 |
| LYFT LYFT Inc. Class A | Reduce -20.5% | 1.38% | −1.18 |
| U Unity Software Inc. | Sold out | 0.00% | −1.14 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −1.09 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −1.09 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.93 |
| TSLA Tesla Inc. | Reduce -53.2% | 0.84% | −0.87 |
| TAL Tal Education Group- ADR | Reduce -19.9% | 1.35% | −0.58 |
| BEKE Ke Holdings Inc.-ADR | Reduce -6.7% | 3.59% | −0.43 |
| RDFN Redfin Corp. | Sold out | 0.00% | −0.33 |
| DNA Ginkgo Bioworks Holdings Inc. | Sold out | 0.00% | −0.22 |
| VAC Marriott Vacations World | Sold out | 0.00% | −0.18 |
| RXRX Recursion Pharmaceuticals-A | Sold out | 0.00% | −0.18 |
| SNAP Snap Inc. Class A | Reduce -23.8% | 15.02% | +0.37 |
Portfolio Buys Q1 2024 → Q2 2024
| META Meta Platforms Inc. Class A | Add +290.3% | 8.02% | +5.89 |
| TSM Taiwan Semiconductor-SP ADR | New | 4.06% | +4.06 |
| BA The Boeing Co. | New | 2.42% | +2.42 |
| Z Zillow Group Inc. Class C | Add +38.0% | 11.52% | +2.08 |
| PDD PDD Holdings Inc. | Add +48.9% | 4.01% | +1.48 |
| MSTR Strategy Inc. | Add +2020.5% | 1.33% | +1.24 |
| NVDA Nvidia Corp. | Add +6.7% | 4.39% | +1.15 |
| ULTA Ulta Beauty Inc. | New | 0.82% | +0.82 |
| NTES Netease Inc.-ADR | New | 0.62% | +0.62 |
| AER Aercap Holdings NV | New | 0.41% | +0.41 |
| ISRG Intuitive Surgical Inc. | New | 0.28% | +0.28 |
| SE Sea Ltd.-ADR | New | 0.26% | +0.26 |
| SLV iShares Silver Trust | New | 0.17% | +0.17 |
| DIS The Walt Disney Co. | Add +21.1% | 7.11% | −0.67 |
| ABNB Airbnb Inc. Class A | Add +0.9% | 11.54% | −1.84 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 34 | $623.1M | INTC, MRVL, TSM, SNDK, META |
| Q1 2026 | 36 | $481.1M | META, UGL, PDD, FIGR, OXY |
| Q4 2025 | 50 | $610.8M | META, GOOG, INTC, AEM, PDD |
| Q3 2025 | 48 | $668.4M | META, GOOG, INTC, PDD, MSTR |
| Q2 2025 | 41 | $540.0M | GOOG, CEG, Z, INTC, COIN |
| Q1 2025 | 44 | $430.4M | Z, CEG, META, GOOG, BA |
| Q4 2024 | 43 | $388.4M | BA, SNAP, Z, YINN, AEM |
| Q3 2024 | 40 | $421.4M | SNAP, Z, META, DIS, ABNB |
| Q2 2024 | 37 | $429.5M | SNAP, ABNB, Z, META, DIS |
| Q1 2024 | 40 | $399.4M | SNAP, ABNB, Z, DIS, HOOD |