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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
-0.73%
1 Year Est. Return
-8.06%
3 Year Est. Return
+91.69%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.41B
AUM Growth
+$46.7M
(+3.4%)
Cap. Flow
+$133M
Cap. Flow
% of AUM
9.42%
Top 10 Holdings %
Top 10 Hldgs %
99.55%
Holding
15
New
2
Increased
5
Reduced
4
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Full Truck Alliance
YMM
|
+$171M |
| 2 |
Vipshop
VIPS
|
+$31.6M |
| 3 |
Pinduoduo
PDD
|
+$24.6M |
| 4 |
New Oriental
EDU
|
+$16.7M |
| 5 |
LX
LexinFintech Holdings
LX
|
+$3.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bilibili
BILI
|
+$44M |
| 2 |
DoorDash
DASH
|
+$25.5M |
| 3 |
Qfin Holdings
QFIN
|
+$22.8M |
| 4 |
MOMO
Hello Group
MOMO
|
+$9.19M |
| 5 |
RLX Technology
RLX
|
+$9.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 67.1% |
| 2 | Technology | 24% |
| 3 | Consumer Staples | 4.77% |
| 4 | Communication Services | 3.68% |
| 5 | Financials | 0.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Pinduoduo
PDD
$126B
| $365M | 25.93% |
3,765,809
+211,090
| +6% | +$24.6M |
|
|
2
Full Truck Alliance
YMM
$9.85B
| $338M | 24% |
31,241,548
+17,500,819
| +127% | +$171M |
|
3
Sea Limited
SE
$65.4B
| $271M | 19.26% |
2,557,398
+20,000
| +0.8% | +$2.1M |
|
4
Atour Lifestyle Holdings
ATAT
$4.67B
| $146M | 10.37% |
5,431,906
-207,656
| -4% | -$5.58M |
|
|
5
Vipshop
VIPS
$7.37B
| $133M | 9.41% |
9,837,776
+2,197,488
| +29% | +$31.6M |
|
|
6
RLX Technology
RLX
$2.47B
| $50.5M | 3.58% |
23,374,885
-5,065,363
| -18% | -$9.11M |
|
|
7
Bilibili
BILI
$7.99B
| $30.6M | 2.17% |
1,690,360
-2,103,222
| -55% | -$44M |
|
8
Li Auto
LI
$13.4B
| $30.1M | 2.14% |
1,254,400
| – | – |
|
|
MOMO
9
Hello Group
MOMO
$885M
| $21.2M | 1.51% |
2,750,093
-1,293,724
| -32% | -$9.19M |
|
|
10
New Oriental
EDU
$9.37B
| $16.7M | 1.19% |
+260,097
| New | +$16.7M |
|
|
LX
11
LexinFintech Holdings
LX
$241M
| $4.78M | 0.34% |
+824,475
| New | +$3.46M |
|
|
NOAH
12
Noah Holdings
NOAH
$580M
| $1.6M | 0.11% |
136,733
+12,584
| +10% | +$156K |
|
|
13
DoorDash
DASH
$85.5B
| – | – |
-178,869
| Closed | -$25.5M |
|
|
14
Qfin Holdings
QFIN
$1.69B
| – | – |
-763,509
| Closed | -$22.8M |
|
|
ZK
15
DELISTED
Zeekr
ZK
| – | – |
-12,982
| Closed | -$289K |
|
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First Beijing Investment Ltd's Q4 2024 Portfolio in Review
As of Q4 2024, First Beijing Investment Ltd held 15 positions worth $1.41B, up 3.4% from $1.36B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
First Beijing Investment Ltd deployed $133M of net new capital in Q4 2024, opening 2 new positions and adding to 5 existing holdings. Its largest new stake was New Oriental: 260,097 shares worth $16.7M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 67% of assets, down from 77% a quarter earlier, followed by Technology and Consumer Staples.
On the sell side, the largest reduction was Bilibili, an estimated $44M trimmed.
- First Beijing Investment Ltd's largest Q4 2024 buy was New Oriental: 260,097 shares worth $16.7M.
- First Beijing Investment Ltd added most to Full Truck Alliance in Q4 2024, an estimated $171M increase.
- First Beijing Investment Ltd's biggest Q4 2024 reduction was Bilibili, cutting an estimated $44M.
- First Beijing Investment Ltd fully exited DoorDash in Q4 2024, selling an estimated $25.5M.
- First Beijing Investment Ltd's ten largest holdings make up 100% of its $1.41B portfolio in Q4 2024.
- First Beijing Investment Ltd opened 2 new positions and closed 3 in Q4 2024.
- First Beijing Investment Ltd's portfolio value rose 3.4% quarter-over-quarter to $1.41B.
Based on First Beijing Investment Ltd's 13F filing for Q4 2024, filed 14 Feb 2025.