TB Alternative Assets Ltd.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 16, 2026), TB Alternative Assets Ltd. reported 36 stock positions worth $481.1 million. Its top holding was Meta Platforms Class A (META) at 16.1% of the portfolio, followed by Proshares Ultra Gold (UGL, 8.9%) and PDD (PDD, 7.2%). Compared with Q4 2025, it opened 16 new positions, sold out of 30, added to 6 and reduced 7. The biggest buy was a new position in Proshares Ultra Gold (UGL) and the biggest sale Alphabet Class C (GOOG, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001483503
- Portfolio Value
- $481.1M (Q1 2026)
- SEC Filing
- 0001193125-26-157768 ↗ filed Apr 16, 2026
Holdings Value
Holdings 36 stocks · $481.1M
| META Meta Platforms Inc. Class A | 16.05% | 135,000 | $77.2M | Reduce -22.1% |
| UGL Proshares Ultra Gold | 8.91% | 697,739 | $42.9M | New |
| PDD PDD Holdings Inc. | 7.23% | 340,228 | $34.8M | No change |
| FIGR Figure Technology Solut Class A | 7.04% | 997,433 | $33.9M | Add +46.3% |
| OXY Occidental Petroleum Corp. | 6.95% | 514,702 | $33.5M | New |
| GOOG Alphabet Inc. Class C | 4.99% | 83,700 | $24.0M | Reduce -73.2% |
| RKLB Rocket Lab Corp. | 4.79% | 359,203 | $23.1M | Add +359.3% |
| AEM Agnico Eagle Mines Ltd. | 4.22% | 100,073 | $20.3M | Reduce -56.4% |
| LEU Centrus Energy Corp. Class A | 3.96% | 109,860 | $19.1M | Add +20.8% |
| SQQQ Proshares Ultrapro Short QQQ | 3.70% | 220,987 | $17.8M | Reduce -51.2% |
| TCOM Trip.com Group Ltd.-ADR | 3.37% | 325,920 | $16.2M | Add +260.9% |
| LMND Lemonade Inc. | 3.07% | 235,818 | $14.8M | New |
| XOM Exxon Mobil Corp. | 2.81% | 79,653 | $13.5M | New |
| UNH Unitedhealth Group Inc. | 2.65% | 47,184 | $12.8M | New |
| INTC Intel Corp. | 2.61% | 284,271 | $12.5M | Reduce -77.0% |
| NOK Nokia Corp.-Spon ADR | 2.40% | 1,436,969 | $11.6M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.90% | 27,000 | $9.1M | Add +181.3% |
| LNG Cheniere Energy Inc. | 1.89% | 31,966 | $9.1M | New |
| SY So-Young International-ADR | 1.74% | 3,067,873 | $8.4M | No change |
| PSKY Paramount Skydance Class B | 1.42% | 758,191 | $6.8M | Add +94.8% |
| MP MP Materials Corp. | 1.30% | 129,376 | $6.2M | Reduce -28.1% |
| EQT Eqt Corp. | 1.02% | 77,095 | $4.9M | New |
| ET Energy Transfer LP | 1.01% | 251,006 | $4.8M | New |
| YMM Full Truck Alliance -SPN ADR | 0.81% | 468,434 | $3.9M | No change |
| CEG Constellation Energy | 0.73% | 12,508 | $3.5M | Reduce -54.1% |
| AGQ Proshares Ultra Silver | 0.69% | 27,765 | $3.3M | New |
| EPD Enterprise Products Partners | 0.51% | 64,451 | $2.4M | New |
| KORU Direxion DLY M SK Bull 3X-Ui | 0.49% | 8,283 | $2.4M | New |
| LITE Lumentum Holdings Inc. | 0.33% | 2,266 | $1.6M | New |
| MOGU Mogu Inc.-ADR | 0.32% | 689,100 | $1.5M | No change |
| CHWY Chewy Inc. Class A | 0.29% | 51,372 | $1.4M | New |
| CF CF Industries Holdings Inc. | 0.29% | 10,590 | $1.4M | New |
| YOUL Youlife Group Inc. -ADR | 0.20% | 1,000,000 | $975K | No change |
| TME Tencent Music Entertainm-ADR | 0.18% | 94,650 | $878K | No change |
| AXTI Axt Inc. | 0.12% | 9,760 | $556K | New |
| YJ Yunji Inc.-ADR | 0.01% | 32,250 | $49K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| GOOG Alphabet Inc. Class C | Reduce -73.2% | 4.99% | −11.08 |
| INTC Intel Corp. | Reduce -77.0% | 2.61% | −4.86 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −4.09 |
| MSTR Strategy Inc. | Sold out | 0.00% | −3.30 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −3.27 |
| AAPL Apple Inc. | Sold out | 0.00% | −3.21 |
| META Meta Platforms Inc. Class A | Reduce -22.1% | 16.05% | −2.66 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −2.22 |
| AEM Agnico Eagle Mines Ltd. | Reduce -56.4% | 4.22% | −2.15 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −1.64 |
| SQQQ Proshares Ultrapro Short QQQ | Reduce -51.2% | 3.70% | −1.39 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.91 |
| CEG Constellation Energy | Reduce -54.1% | 0.73% | −0.85 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.72 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.63 |
| U Unity Software Inc. | Sold out | 0.00% | −0.48 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.45 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.36 |
| MP MP Materials Corp. | Reduce -28.1% | 1.30% | −0.19 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.13 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.12 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.11 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.08 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.08 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.08 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.07 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.07 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.07 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.07 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.07 |
| LB Landbridge Co. LLC-A | Sold out | 0.00% | −0.07 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.06 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.06 |
| BNTX Biontech SE-ADR | Sold out | 0.00% | −0.03 |
| ONC Beone Medicines Ltd.-ADR | Sold out | 0.00% | −0.02 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| UGL Proshares Ultra Gold | New | 8.91% | +8.91 |
| OXY Occidental Petroleum Corp. | New | 6.95% | +6.95 |
| RKLB Rocket Lab Corp. | Add +359.3% | 4.79% | +3.90 |
| LMND Lemonade Inc. | New | 3.07% | +3.07 |
| XOM Exxon Mobil Corp. | New | 2.81% | +2.81 |
| UNH Unitedhealth Group Inc. | New | 2.65% | +2.65 |
| FIGR Figure Technology Solut Class A | Add +46.3% | 7.04% | +2.48 |
| NOK Nokia Corp.-Spon ADR | New | 2.40% | +2.40 |
| TCOM Trip.com Group Ltd.-ADR | Add +260.9% | 3.37% | +2.31 |
| LNG Cheniere Energy Inc. | New | 1.89% | +1.89 |
| TSM Taiwan Semiconductor-SP ADR | Add +181.3% | 1.90% | +1.42 |
| EQT Eqt Corp. | New | 1.02% | +1.02 |
| ET Energy Transfer LP | New | 1.01% | +1.01 |
| AGQ Proshares Ultra Silver | New | 0.69% | +0.69 |
| PSKY Paramount Skydance Class B | Add +94.8% | 1.42% | +0.57 |
| EPD Enterprise Products Partners | New | 0.51% | +0.51 |
| KORU Direxion DLY M SK Bull 3X-Ui | New | 0.49% | +0.49 |
| LEU Centrus Energy Corp. Class A | Add +20.8% | 3.96% | +0.35 |
| LITE Lumentum Holdings Inc. | New | 0.33% | +0.33 |
| CHWY Chewy Inc. Class A | New | 0.29% | +0.29 |
| CF CF Industries Holdings Inc. | New | 0.29% | +0.29 |
| AXTI Axt Inc. | New | 0.12% | +0.12 |
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 |