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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
+9.05%
1 Year Est. Return
-8.06%
3 Year Est. Return
+91.69%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.46B
AUM Growth
+$47.9M
(+3.4%)
Cap. Flow
-$118M
Cap. Flow
% of AUM
-8.09%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
13
New
1
Increased
4
Reduced
3
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
New Oriental
EDU
|
+$267M |
| 2 |
RLX Technology
RLX
|
+$39.2M |
| 3 |
Lufax Holding
LU
|
+$12.2M |
| 4 |
Pinduoduo
PDD
|
+$10.5M |
| 5 |
NOAH
Noah Holdings
NOAH
|
+$292K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$198M |
| 2 |
Vipshop
VIPS
|
+$133M |
| 3 |
Bilibili
BILI
|
+$30.6M |
| 4 |
Li Auto
LI
|
+$30.1M |
| 5 |
MOMO
Hello Group
MOMO
|
+$21.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 49.72% |
| 2 | Technology | 26.07% |
| 3 | Consumer Staples | 23.21% |
| 4 | Financials | 1% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Pinduoduo
PDD
$126B
| $457M | 31.34% |
3,857,223
+91,414
| +2% | +$10.5M |
|
2
Full Truck Alliance
YMM
$9.85B
| $380M | 26.07% |
29,736,802
-1,504,746
| -5% | -$18.1M |
|
|
3
New Oriental
EDU
$9.37B
| $261M | 17.91% |
5,456,378
+5,196,281
| +1,998% | +$267M |
|
4
Atour Lifestyle Holdings
ATAT
$4.67B
| $143M | 9.8% |
5,036,355
-395,551
| -7% | -$11.3M |
|
|
5
Sea Limited
SE
$65.4B
| $125M | 8.58% |
957,702
-1,599,696
| -63% | -$198M |
|
|
6
RLX Technology
RLX
$2.47B
| $77.1M | 5.3% |
41,036,045
+17,661,160
| +76% | +$39.2M |
|
|
7
Lufax Holding
LU
$1.35B
| $13M | 0.9% |
+4,392,625
| New | +$12.2M |
|
|
NOAH
8
Noah Holdings
NOAH
$580M
| $1.54M | 0.11% |
163,443
+26,710
| +20% | +$292K |
|
|
9
Bilibili
BILI
$7.99B
| – | – |
-1,690,360
| Closed | -$30.6M |
|
|
10
Li Auto
LI
$13.4B
| – | – |
-1,254,400
| Closed | -$30.1M |
|
|
LX
11
LexinFintech Holdings
LX
$241M
| – | – |
-824,475
| Closed | -$4.78M |
|
|
MOMO
12
Hello Group
MOMO
$885M
| – | – |
-2,750,093
| Closed | -$21.2M |
|
|
13
Vipshop
VIPS
$7.37B
| – | – |
-9,837,776
| Closed | -$133M |
|
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First Beijing Investment Ltd's Q1 2025 Portfolio in Review
As of Q1 2025, First Beijing Investment Ltd held 13 positions worth $1.46B, up 3.4% from $1.41B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
First Beijing Investment Ltd withdrew a net $118M in Q1 2025, closing 5 positions and reducing 3 holdings. Its most notable exit was Vipshop, an estimated $133M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 50% of assets, down from 67% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, First Beijing Investment Ltd opened a new position in Lufax Holding worth $13M.
- First Beijing Investment Ltd's largest Q1 2025 buy was Lufax Holding: 4,392,625 shares worth $13M.
- First Beijing Investment Ltd added most to New Oriental in Q1 2025, an estimated $267M increase.
- First Beijing Investment Ltd's biggest Q1 2025 reduction was Sea Limited, cutting an estimated $198M.
- First Beijing Investment Ltd fully exited Vipshop in Q1 2025, selling an estimated $133M.
- First Beijing Investment Ltd's ten largest holdings make up 100% of its $1.46B portfolio in Q1 2025.
- First Beijing Investment Ltd opened 1 new position and closed 5 in Q1 2025.
- First Beijing Investment Ltd's portfolio value rose 3.4% quarter-over-quarter to $1.46B.
Based on First Beijing Investment Ltd's 13F filing for Q1 2025, filed 19 May 2025.