TB Alternative Assets Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 17, 2025), TB Alternative Assets Ltd. reported 43 stock positions worth $388.4 million. Its top holding was Boeing (BA) at 17.5% of the portfolio, followed by Snap Class A (SNAP, 11.7%) and Zillow Class C (Z, 7.3%). Compared with Q3 2024, it opened 18 new positions, sold out of 15, added to 2 and reduced 17. The biggest buy was a new position in Boeing (BA) and the biggest sale Snap Class A (SNAP, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001483503
- Portfolio Value
- $388.4M (Q4 2024)
- SEC Filing
- 0000950123-25-000337 ↗ filed Jan 17, 2025
Holdings Value
Holdings 43 stocks · $388.4M
| BA The Boeing Co. | 17.51% | 384,284 | $68.0M | New |
| SNAP Snap Inc. Class A | 11.69% | 4,214,512 | $45.4M | Reduce -47.2% |
| Z Zillow Group Inc. Class C | 7.31% | 383,242 | $28.4M | Reduce -10.7% |
| YINN Direxion DLY Ftse CH BL3X-Ui | 4.93% | 685,812 | $19.2M | New |
| AEM Agnico Eagle Mines Ltd. | 4.92% | 244,398 | $19.1M | New |
| GOOG Alphabet Inc. Class C | 4.73% | 96,387 | $18.4M | Reduce -10.1% |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 4.38% | 622,886 | $17.0M | Add +29.5% |
| PDD PDD Holdings Inc. | 4.32% | 173,148 | $16.8M | No change |
| OXY Occidental Petroleum Corp. | 4.19% | 329,082 | $16.3M | New |
| ASML ASML Holding NV-NY Reg SHS | 3.86% | 21,642 | $15.0M | New |
| AMD Advanced Micro Devices | 3.65% | 117,325 | $14.2M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.94% | 102,679 | $11.4M | Reduce -61.5% |
| CEG Constellation Energy | 2.78% | 48,329 | $10.8M | Add +2841.5% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 2.40% | 506,884 | $9.3M | Reduce -19.6% |
| PYPL PayPal Holdings Inc. | 2.06% | 93,578 | $8.0M | New |
| LEU Centrus Energy Corp. Class A | 2.04% | 118,703 | $7.9M | New |
| ABNB Airbnb Inc. Class A | 1.79% | 52,945 | $7.0M | Reduce -71.7% |
| DELL Dell Technologies -C | 1.58% | 53,133 | $6.1M | Reduce -46.6% |
| YMM Full Truck Alliance -SPN ADR | 1.12% | 403,766 | $4.4M | Reduce -15.8% |
| AMZN Amazon.com Inc. | 1.11% | 19,567 | $4.3M | Reduce -35.0% |
| TAL Tal Education Group- ADR | 1.09% | 422,782 | $4.2M | No change |
| AAPL Apple Inc. | 1.07% | 16,650 | $4.2M | New |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 1.05% | 14,085 | $4.1M | Reduce -86.8% |
| XYZ Block Inc. | 0.91% | 41,529 | $3.5M | New |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 0.77% | 71,505 | $3.0M | Reduce -81.4% |
| SY So-Young International-ADR | 0.66% | 3,067,873 | $2.5M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.53% | 27,841 | $2.1M | New |
| MA Mastercard Inc. Class A | 0.51% | 3,792 | $2.0M | New |
| VFC VF Corp. | 0.48% | 87,528 | $1.9M | New |
| COST Costco Wholesale Corp. | 0.48% | 2,021 | $1.9M | New |
| NTES Netease Inc.-ADR | 0.47% | 20,595 | $1.8M | Reduce -26.3% |
| BILI Bilibili Inc.-Sponsored ADR | 0.45% | 95,683 | $1.7M | Reduce -21.0% |
| MU Micron Technology Inc. | 0.40% | 18,500 | $1.6M | New |
| MOGU Mogu Inc.-ADR | 0.39% | 689,100 | $1.5M | No change |
| ISRG Intuitive Surgical Inc. | 0.35% | 2,574 | $1.3M | Reduce -5.4% |
| TME Tencent Music Entertainm-ADR | 0.31% | 107,500 | $1.2M | No change |
| YANG Dir DLY FT Chi Be 3X ETF-Usd | 0.19% | 10,406 | $728K | New |
| SLV iShares Silver Trust | 0.18% | 26,323 | $693K | Reduce -5.3% |
| AXP American Express Co. | 0.15% | 1,985 | $589K | New |
| SNOW Snowflake Inc. | 0.11% | 2,767 | $427K | New |
| LITB Lightinthebox Holding-ADR | 0.07% | 162,780 | $273K | Reduce -33.6% |
| RDDT Reddit Inc. Class A | 0.06% | 1,331 | $218K | Reduce -95.6% |
| YJ Yunji Inc.-ADR | 0.01% | 32,250 | $52K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| SNAP Snap Inc. Class A | Reduce -47.2% | 11.69% | −8.58 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −6.25 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −4.30 |
| ABNB Airbnb Inc. Class A | Reduce -71.7% | 1.79% | −3.83 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −3.66 |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | Reduce -81.4% | 0.77% | −3.27 |
| MSTR Strategy Inc. | Reduce -86.8% | 1.05% | −3.23 |
| DIS The Walt Disney Co. | Reduce -61.5% | 2.94% | −3.14 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −2.37 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −1.99 |
| TSLA Tesla Inc. | Sold out | 0.00% | −1.59 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.35 |
| LABU DRXN DLY S&P BT BL 3X ETF-Ui | Sold out | 0.00% | −1.27 |
| DELL Dell Technologies -C | Reduce -46.6% | 1.58% | −1.22 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.99 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.80 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | Sold out | 0.00% | −0.66 |
| BEKE Ke Holdings Inc.-ADR | Reduce -19.6% | 2.40% | −0.57 |
| RDDT Reddit Inc. Class A | Reduce -95.6% | 0.06% | −0.42 |
| JOYY Joyy Inc.-ADR | Sold out | 0.00% | −0.25 |
| BILI Bilibili Inc.-Sponsored ADR | Reduce -21.0% | 0.45% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -35.0% | 1.11% | −0.23 |
| IQ Iqiyi Inc.-ADR | Sold out | 0.00% | −0.21 |
| DIREXION SHS ETF TR | Sold out | 0.00% | −0.21 |
| NTES Netease Inc.-ADR | Reduce -26.3% | 0.47% | −0.15 |
| LITB Lightinthebox Holding-ADR | Reduce -33.6% | 0.07% | −0.10 |
| API Agora Inc.-ADR | Sold out | 0.00% | −0.01 |
| SLV iShares Silver Trust | Reduce -5.3% | 0.18% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -5.4% | 0.35% | +0.03 |
| YMM Full Truck Alliance -SPN ADR | Reduce -15.8% | 1.12% | +0.10 |
| GOOG Alphabet Inc. Class C | Reduce -10.1% | 4.73% | +0.47 |
| Z Zillow Group Inc. Class C | Reduce -10.7% | 7.31% | +0.80 |
Portfolio Buys Q3 2024 → Q4 2024
| BA The Boeing Co. | New | 17.51% | +17.51 |
| YINN Direxion DLY Ftse CH BL3X-Ui | New | 4.93% | +4.93 |
| AEM Agnico Eagle Mines Ltd. | New | 4.92% | +4.92 |
| OXY Occidental Petroleum Corp. | New | 4.19% | +4.19 |
| ASML ASML Holding NV-NY Reg SHS | New | 3.86% | +3.86 |
| AMD Advanced Micro Devices | New | 3.65% | +3.65 |
| CEG Constellation Energy | Add +2841.5% | 2.78% | +2.68 |
| PYPL PayPal Holdings Inc. | New | 2.06% | +2.06 |
| LEU Centrus Energy Corp. Class A | New | 2.04% | +2.04 |
| AAPL Apple Inc. | New | 1.07% | +1.07 |
| XYZ Block Inc. | New | 0.91% | +0.91 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.53% | +0.53 |
| MA Mastercard Inc. Class A | New | 0.51% | +0.51 |
| VFC VF Corp. | New | 0.48% | +0.48 |
| COST Costco Wholesale Corp. | New | 0.48% | +0.48 |
| MU Micron Technology Inc. | New | 0.40% | +0.40 |
| SOXL Direx Dail Semi Bu 3X Et-Usd | Add +29.5% | 4.38% | +0.19 |
| YANG Dir DLY FT Chi Be 3X ETF-Usd | New | 0.19% | +0.19 |
| AXP American Express Co. | New | 0.15% | +0.15 |
| SNOW Snowflake Inc. | New | 0.11% | +0.11 |
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 |