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FBIL

First Beijing Investment Ltd Portfolio holdings

AUM $2.44B
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
Cap. Flow
+$502M
Cap. Flow %
20.56%
Top 10 Hldgs %
99.98%
Holding
13
New
1
Increased
3
Reduced
6
Closed
2

Top Buys

Rank Stock Value
1
SE icon
Sea Limited
SE
+$255M
2
FUTU icon
Futu Holdings
FUTU
+$177M
3
PDD icon
Pinduoduo
PDD
+$113M
4
YMM icon
Full Truck Alliance
YMM
+$15.2M

Top Sells

Rank Stock Value
1
LEGN icon
Legend Biotech
LEGN
+$41.5M
2
EDU icon
New Oriental
EDU
+$13.3M
3
NOAH
Noah Holdings
NOAH
+$1M
4
KSPI icon
Kaspi.kz JSC
KSPI
+$826K
5
RLX icon
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
YMM icon
1
Full Truck Alliance
YMM
$8.77B
$745M 30.5%
91,790,875
+1,789,980
+2% +$15.2M
PDD icon
2
Pinduoduo
PDD
$114B
$715M 29.27%
9,377,416
+1,228,254
+15% +$113M
EDU icon
3
New Oriental
EDU
$8.71B
$401M 16.41%
8,733,979
-261,279
-3% -$13.3M
SE icon
4
Sea Limited
SE
$63.5B
$298M 12.19%
3,109,067
+2,900,104
+1,388% +$255M
FUTU icon
5
Futu Holdings
FUTU
$16B
$129M 5.29%
+1,379,102
New +$177M
RLX icon
6
RLX Technology
RLX
$2.14B
$114M 4.65%
59,821,839
-307,832
-0.5% -$639K
KSPI icon
7
Kaspi.kz JSC
KSPI
$18.3B
$36.8M 1.51%
424,613
-9,737
-2% -$826K
ZH
8
Zhihu
ZH
$298M
$1.72M 0.07%
551,048
– –
BZUN
9
Baozun
BZUN
$174M
$1.22M 0.05%
432,828
-11,500
-3% -$31K
DDL
10
Dingdong
DDL
$507M
$1.2M 0.05%
622,432
-223,520
-26% -$555K
NOAH
11
Noah Holdings
NOAH
$564M
$386K 0.02%
38,595
-97,393
-72% -$1M
API
12
Agora
API
$371M
– –
-7,700
Closed -$27.3K
LEGN icon
13
Legend Biotech
LEGN
$3.63B
– –
-2,296,335
Closed -$41.5M

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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.