TB Alternative Assets Ltd.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), TB Alternative Assets Ltd. reported 40 stock positions worth $421.4 million. Its top holding was Snap Class A (SNAP) at 20.3% of the portfolio, followed by Zillow Class C (Z, 6.5%) and Meta Platforms Class A (META, 6.3%). Compared with Q2 2024, it opened 9 new positions, sold out of 6, added to 6 and reduced 14. The biggest buy was Snap Class A (SNAP, shares +106%) and the biggest sale Airbnb Class A (ABNB, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001483503
- Portfolio Value
- $421.4M (Q3 2024)
- SEC Filing
- 0000950123-24-009784 ↗ filed Oct 21, 2024
Holdings Value
Holdings 40 stocks · $421.4M
| SNAP Snap Inc. Class A | 20.27% | 7,981,847 | $85.4M | Add +105.6% |
| Z Zillow Group Inc. Class C | 6.50% | 429,190 | $27.4M | Reduce -59.8% |
| META Meta Platforms Inc. Class A | 6.25% | 46,027 | $26.3M | Reduce -32.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 6.09% | 266,655 | $25.6M | Reduce -13.3% |
| ABNB Airbnb Inc. Class A | 5.63% | 186,953 | $23.7M | Reduce -42.8% |
| PDD PDD Holdings Inc. | 5.54% | 173,148 | $23.3M | Add +33.7% |
| HOOD Robinhood Markets Inc. Class A | 4.30% | 774,166 | $18.1M | Reduce -1.4% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 4.28% | 106,935 | $18.0M | Add +158.6% |
| GOOG Alphabet Inc. Class C | 4.25% | 107,223 | $17.9M | Add +35.7% |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 4.19% | 480,945 | $17.6M | New |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 4.04% | 384,218 | $17.0M | Reduce -19.3% |
| TSM Taiwan Semiconductor-SP ADR | 3.66% | 88,708 | $15.4M | Reduce -11.7% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 2.98% | 630,219 | $12.5M | Reduce -42.2% |
| DELL Dell Technologies -C | 2.80% | 99,422 | $11.8M | New |
| SE Sea Ltd.-ADR | 2.37% | 105,943 | $10.0M | Add +579.1% |
| SMCI Super Micro Computer Inc. | 1.99% | 20,173 | $8.4M | New |
| TSLA Tesla Inc. | 1.59% | 25,638 | $6.7M | Add +40.8% |
| NVDA Nvidia Corp. | 1.35% | 46,755 | $5.7M | Reduce -69.4% |
| AMZN Amazon.com Inc. | 1.33% | 30,098 | $5.6M | New |
| LABU DRXN DLY S&P BT BL 3X ETF-Ui | 1.27% | 41,639 | $5.4M | Reduce -45.7% |
| TAL Tal Education Group- ADR | 1.19% | 422,782 | $5.0M | Reduce -22.4% |
| YMM Full Truck Alliance -SPN ADR | 1.03% | 479,466 | $4.3M | Reduce -24.6% |
| BIDU Baidu Inc. - Spon ADR | 0.99% | 39,800 | $4.2M | No change |
| ENPH Enphase Energy Inc. | 0.80% | 29,700 | $3.4M | No change |
| SY So-Young International-ADR | 0.68% | 3,067,873 | $2.9M | No change |
| BILI Bilibili Inc.-Sponsored ADR | 0.67% | 121,107 | $2.8M | Reduce -60.1% |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | 0.66% | 202,151 | $2.8M | New |
| NTES Netease Inc.-ADR | 0.62% | 27,930 | $2.6M | No change |
| RDDT Reddit Inc. Class A | 0.48% | 30,388 | $2.0M | New |
| MOGU Mogu Inc.-ADR | 0.42% | 689,100 | $1.8M | No change |
| ISRG Intuitive Surgical Inc. | 0.32% | 2,720 | $1.3M | No change |
| TME Tencent Music Entertainm-ADR | 0.31% | 107,500 | $1.3M | No change |
| JOYY Joyy Inc.-ADR | 0.25% | 29,600 | $1.1M | No change |
| IQ Iqiyi Inc.-ADR | 0.21% | 309,400 | $885K | No change |
| DIREXION SHS ETF TR | 0.21% | 208,126 | $866K | New |
| SLV iShares Silver Trust | 0.19% | 27,800 | $790K | No change |
| LITB Lightinthebox Holding-ADR | 0.17% | 245,274 | $709K | Reduce -28.5% |
| CEG Constellation Energy | 0.10% | 1,643 | $427K | New |
| YJ Yunji Inc.-ADR | 0.02% | 32,250 | $75K | New |
| API Agora Inc.-ADR | 0.01% | 25,600 | $62K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| ABNB Airbnb Inc. Class A | Reduce -42.8% | 5.63% | −5.91 |
| Z Zillow Group Inc. Class C | Reduce -59.8% | 6.50% | −5.02 |
| NVDA Nvidia Corp. | Reduce -69.4% | 1.35% | −3.04 |
| BA The Boeing Co. | Sold out | 0.00% | −2.42 |
| META Meta Platforms Inc. Class A | Reduce -32.6% | 6.25% | −1.77 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −1.38 |
| TALK Talkspace Inc. | Sold out | 0.00% | −1.03 |
| DIS The Walt Disney Co. | Reduce -13.3% | 6.09% | −1.03 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.82 |
| LABU DRXN DLY S&P BT BL 3X ETF-Ui | Reduce -45.7% | 1.27% | −0.75 |
| BEKE Ke Holdings Inc.-ADR | Reduce -42.2% | 2.98% | −0.61 |
| BILI Bilibili Inc.-Sponsored ADR | Reduce -60.1% | 0.67% | −0.42 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.7% | 3.66% | −0.41 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.41 |
| LITB Lightinthebox Holding-ADR | Reduce -28.5% | 0.17% | −0.27 |
| TAL Tal Education Group- ADR | Reduce -22.4% | 1.19% | −0.17 |
| YMM Full Truck Alliance -SPN ADR | Reduce -24.6% | 1.03% | −0.17 |
| YJ Yunji Inc.-ADR | Sold out | 0.00% | −0.02 |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | Reduce -19.3% | 4.04% | −0.02 |
| HOOD Robinhood Markets Inc. Class A | Reduce -1.4% | 4.30% | +0.15 |
Portfolio Buys Q2 2024 → Q3 2024
| SNAP Snap Inc. Class A | Add +105.6% | 20.27% | +5.25 |
| SOXL Direx Dail Semi Bu 3X Et-Usd | New | 4.19% | +4.19 |
| MSTR Strategy Inc. | Add +158.6% | 4.28% | +2.95 |
| DELL Dell Technologies -C | New | 2.80% | +2.80 |
| SE Sea Ltd.-ADR | Add +579.1% | 2.37% | +2.11 |
| SMCI Super Micro Computer Inc. | New | 1.99% | +1.99 |
| PDD PDD Holdings Inc. | Add +33.7% | 5.54% | +1.53 |
| AMZN Amazon.com Inc. | New | 1.33% | +1.33 |
| GOOG Alphabet Inc. Class C | Add +35.7% | 4.25% | +0.88 |
| TSLA Tesla Inc. | Add +40.8% | 1.59% | +0.75 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | New | 0.66% | +0.66 |
| RDDT Reddit Inc. Class A | New | 0.48% | +0.48 |
| DIREXION SHS ETF TR | New | 0.21% | +0.21 |
| CEG Constellation Energy | New | 0.10% | +0.10 |
| YJ Yunji Inc.-ADR | New | 0.02% | +0.02 |
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 |