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FBIL
First Beijing Investment Ltd Portfolio holdings
AUM
$2.32B
1-Year Est. Return
8.06%
This Fund
S&P 500
This Quarter
Est. Return
-11.17%
1 Year Est. Return
-8.06%
3 Year Est. Return
+91.69%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.32B
AUM Growth
-$217M
(-8.6%)
Cap. Flow
+$65.1M
Cap. Flow
% of AUM
2.81%
Top 10 Holdings %
Top 10 Hldgs %
99.95%
Holding
13
New
5
Increased
3
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$144M |
| 2 |
Full Truck Alliance
YMM
|
+$127M |
| 3 |
Legend Biotech
LEGN
|
+$43.8M |
| 4 |
Kaspi.kz JSC
KSPI
|
+$24.3M |
| 5 |
Sea Limited
SE
|
+$22.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atour Lifestyle Holdings
ATAT
|
+$229M |
| 2 |
New Oriental
EDU
|
+$63.5M |
| 3 |
RLX Technology
RLX
|
+$6.29M |
| 4 |
NOAH
Noah Holdings
NOAH
|
+$2.94M |
| 5 |
API
Agora
API
|
+$9.33K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 36.71% |
| 2 | Technology | 33.61% |
| 3 | Consumer Staples | 27.77% |
| 4 | Healthcare | 1.79% |
| 5 | Communication Services | 0.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Pinduoduo
PDD
$131B
| $833M | 35.91% |
8,149,162
+1,366,207
| +20% | +$144M |
|
|
2
Full Truck Alliance
YMM
$9.9B
| $747M | 32.22% |
90,000,895
+13,384,327
| +17% | +$127M |
|
|
3
New Oriental
EDU
$9.1B
| $509M | 21.97% |
8,995,258
-1,110,707
| -11% | -$63.5M |
|
|
4
RLX Technology
RLX
$2.41B
| $132M | 5.71% |
60,129,671
-2,734,753
| -4% | -$6.29M |
|
|
5
Legend Biotech
LEGN
$3.74B
| $41.5M | 1.79% |
+2,296,335
| New | +$43.8M |
|
|
6
Kaspi.kz JSC
KSPI
$17.7B
| $32.2M | 1.39% |
434,350
+321,962
| +286% | +$24.3M |
|
|
7
Sea Limited
SE
$69.6B
| $17.3M | 0.75% |
+208,963
| New | +$22.4M |
|
|
DDL
8
Dingdong
DDL
$496M
| $2.17M | 0.09% |
+845,952
| New | +$2.35M |
|
|
ZH
9
Zhihu
ZH
$283M
| $1.56M | 0.07% |
+551,048
| New | +$1.86M |
|
|
NOAH
10
Noah Holdings
NOAH
$570M
| $1.35M | 0.06% |
135,988
-256,539
| -65% | -$2.94M |
|
|
BZUN
11
Baozun
BZUN
$173M
| $1.06M | 0.05% |
+444,328
| New | +$1.16M |
|
|
API
12
Agora
API
$347M
| $27.3K | ﹤0.01% |
7,700
-2,200
| -22% | -$9.33K |
|
|
13
Atour Lifestyle Holdings
ATAT
$4.73B
| – | – |
-5,811,104
| Closed | -$229M |
|
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First Beijing Investment Ltd's Q1 2026 Portfolio in Review
As of Q1 2026, First Beijing Investment Ltd held 13 positions worth $2.32B, down 8.6% from $2.54B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
First Beijing Investment Ltd's Q1 2026 filing shows 5 new, 3 increased, 4 reduced and 1 closed positions. Its largest new stake was Legend Biotech: 2,296,335 shares worth $41.5M. The largest sale was Atour Lifestyle Holdings, an estimated $229M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, down from 39% a quarter earlier, followed by Technology and Consumer Staples.
- First Beijing Investment Ltd's largest Q1 2026 buy was Legend Biotech: 2,296,335 shares worth $41.5M.
- First Beijing Investment Ltd added most to Pinduoduo in Q1 2026, an estimated $144M increase.
- First Beijing Investment Ltd's biggest Q1 2026 reduction was New Oriental, cutting an estimated $63.5M.
- First Beijing Investment Ltd fully exited Atour Lifestyle Holdings in Q1 2026, selling an estimated $229M.
- First Beijing Investment Ltd's ten largest holdings make up 100% of its $2.32B portfolio in Q1 2026.
- First Beijing Investment Ltd opened 5 new positions and closed 1 in Q1 2026.
- First Beijing Investment Ltd's portfolio value fell 8.6% quarter-over-quarter to $2.32B.
Based on First Beijing Investment Ltd's 13F filing for Q1 2026, filed 13 May 2026.