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First Beijing Investment Ltd Portfolio holdings
AUM
$2.44B
Turnover
23.08%
1-Year Est. Return
18.47%
This Fund
S&P 500
This Quarter Est. Return
-11.31%
1 Year Est. Return
-18.47%
3 Year Est. Return
+81.76%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.44B
AUM Growth
+$125M
(+5.4%)
Cap. Flow
+$502M
Cap. Flow % of AUM
Cap. Flow %
20.56%
Top 10 Holdings %
Top 10 Hldgs %
99.98%
Holding
13
New
1
Increased
3
Reduced
6
Closed
2
Avg Time Held
1.1
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$255M |
| 2 |
Futu Holdings
FUTU
|
+$177M |
| 3 |
Pinduoduo
PDD
|
+$113M |
| 4 |
Full Truck Alliance
YMM
|
+$15.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Legend Biotech
LEGN
|
+$41.5M |
| 2 |
New Oriental
EDU
|
+$13.3M |
| 3 |
Noah Holdings
NOAH
|
+$1M |
| 4 |
Kaspi.kz JSC
KSPI
|
+$826K |
| 5 |
RLX Technology
RLX
|
+$639K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 41.51% |
| 2 | Technology | 32% |
| 3 | Consumer Staples | 21.11% |
| 4 | Financials | 5.31% |
| 5 | Communication Services | 0.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Full Truck Alliance
YMM
$9.27B
| $745M | 30.5% |
91,790,875
+1,789,980
| +2% | +$15.2M |
2024 Q3
7 quarters
|
|
|
2
Pinduoduo
PDD
$119B
| $715M | 29.27% |
9,377,416
+1,228,254
| +15% | +$113M |
2023 Q2
12 quarters
|
|
|
3
New Oriental
EDU
$8.37B
| $401M | 16.41% |
8,733,979
-261,279
| -3% | -$13.3M |
2024 Q4
6 quarters
|
|
|
4
Sea Limited
SE
$46.3B
| $298M | 12.19% |
3,109,067
+2,900,104
| +1,388% | +$255M |
2026 Q1
1 quarter
|
|
|
5
Futu Holdings
FUTU
$13.2B
| $129M | 5.29% |
+1,379,102
| New | +$177M |
2026 Q2
0 quarters
|
|
|
6
RLX Technology
RLX
$1.98B
| $114M | 4.65% |
59,821,839
-307,832
| -0.5% | -$639K |
2023 Q3
11 quarters
|
|
|
7
Kaspi.kz JSC
KSPI
$17.4B
| $36.8M | 1.51% |
424,613
-9,737
| -2% | -$826K |
2025 Q4
2 quarters
|
|
8
Zhihu
ZH
$223M
| $1.72M | 0.07% |
551,048
| – | – |
2026 Q1
1 quarter
|
|
9
Baozun
BZUN
$199M
| $1.22M | 0.05% |
432,828
-11,500
| -3% | -$31K |
2026 Q1
1 quarter
|
|
10
Dingdong
DDL
$396M
| $1.2M | 0.05% |
622,432
-223,520
| -26% | -$555K |
2026 Q1
1 quarter
|
|
|
11
Noah Holdings
NOAH
$476M
| $386K | 0.02% |
38,595
-97,393
| -72% | -$1M |
2024 Q3
7 quarters
|
|
12
Agora
API
$358M
| – | – |
-7,700
| Closed | -$27.3K | – |
|
|
13
Legend Biotech
LEGN
$4.38B
| – | – |
-2,296,335
| Closed | -$41.5M | – |
|
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BPI
First Beijing Investment Ltd's Q2 2026 Portfolio in Review
As of Q2 2026, First Beijing Investment Ltd held 13 positions worth $2.44B, up 5.4% from $2.32B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
First Beijing Investment Ltd deployed $502M of net new capital in Q2 2026, opening 1 new position and adding to 3 existing holdings. Its largest new stake was Futu Holdings: 1,379,102 shares worth $129M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, up from 37% a quarter earlier, followed by Technology and Consumer Staples.
On the sell side, the largest reduction was New Oriental, an estimated $13.3M trimmed.
- First Beijing Investment Ltd's largest Q2 2026 buy was Futu Holdings: 1,379,102 shares worth $129M.
- First Beijing Investment Ltd added most to Sea Limited in Q2 2026, an estimated $255M increase.
- First Beijing Investment Ltd's biggest Q2 2026 reduction was New Oriental, cutting an estimated $13.3M.
- First Beijing Investment Ltd fully exited Legend Biotech in Q2 2026, selling an estimated $41.5M.
- First Beijing Investment Ltd's ten largest holdings make up 100% of its $2.44B portfolio in Q2 2026.
- First Beijing Investment Ltd opened 1 new position and closed 2 in Q2 2026.
- First Beijing Investment Ltd's portfolio value rose 5.4% quarter-over-quarter to $2.44B.
Based on First Beijing Investment Ltd's 13F filing for Q2 2026, filed 12 Aug 2026.