We are live on ! Find out more
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
+0.01%
1 Year Est. Return
-8.06%
3 Year Est. Return
+91.69%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.79B
AUM Growth
+$330M
Cap. Flow
+$322M
Cap. Flow %
18.04%
Top 10 Hldgs %
100%
Holding
10
New
2
Increased
7
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$181M
2
YMM icon
Full Truck Alliance
YMM
+$114M
3
EDU icon
New Oriental
EDU
+$78.8M
4
RLX icon
RLX Technology
RLX
+$42.7M
5
ATAT icon
Atour Lifestyle Holdings
ATAT
+$23.1M

Top Sells

Rank Stock Value
1
SE icon
Sea Limited
SE
+$125M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 43.31%
2 Consumer Staples 29.26%
3 Technology 26.31%
4 Financials 1.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PDD icon
1
Pinduoduo
PDD
$126B
$584M 32.67%
5,577,852
+1,720,629
+45% +$181M
YMM icon
2
Full Truck Alliance
YMM
$9.85B
$466M 26.1%
39,494,654
+9,757,852
+33% +$114M
EDU icon
3
New Oriental
EDU
$9.37B
$384M 21.48%
7,115,332
+1,658,954
+30% +$78.8M
ATAT icon
4
Atour Lifestyle Holdings
ATAT
$4.67B
$190M 10.64%
5,849,962
+813,607
+16% +$23.1M
RLX icon
5
RLX Technology
RLX
$2.47B
$139M 7.77%
62,864,424
+21,828,379
+53% +$42.7M
LU icon
6
Lufax Holding
LU
$1.35B
$18M 1.01%
6,464,988
+2,072,363
+47% +$5.85M
AXTI icon
7
AXT Inc
AXTI
$3.95B
$3.62M 0.2%
+1,730,156
New +$2.69M
NOAH
8
Noah Holdings
NOAH
$580M
$2.09M 0.12%
175,328
+11,885
+7% +$120K
API
9
Agora
API
$338M
$37.7K ﹤0.01%
+9,900
New +$34.5K
SE icon
10
Sea Limited
SE
$65.4B
– –
-957,702
Closed -$125M

Similar funds

BWFA
Baltimore-Washington Financial Advisors Columbia, Maryland $2.32B AUM 16.8% 1-Year Est. Return
CM
Cercano Management Bellevue, Washington $2.32B AUM 30.12% 1-Year Est. Return
NDSIB
North Dakota State Investment Board Bismarck, North Dakota $2.31B AUM
MFAM
Motley Fool Asset Management Alexandria, Virginia $2.33B AUM 21.93% 1-Year Est. Return
ABI
Abrams Bison Investments Bethesda, Maryland $2.31B AUM 40.26% 1-Year Est. Return
NSAM
North Star Asset Management Neenah, Wisconsin $2.31B AUM 10.09% 1-Year Est. Return
BAM
Berkshire Asset Management Wilkes Barre, Pennsylvania $2.33B AUM 19.33% 1-Year Est. Return
LFM
LGT Fund Management Vaduz, Liechtenstein $2.3B AUM 22.66% 1-Year Est. Return

First Beijing Investment Ltd's Q2 2025 Portfolio in Review

As of Q2 2025, First Beijing Investment Ltd held 10 positions worth $1.79B, up 23% from $1.46B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

First Beijing Investment Ltd deployed $322M of net new capital in Q2 2025, opening 2 new positions and adding to 7 existing holdings. Its largest new stake was AXT Inc: 1,730,156 shares worth $3.62M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, down from 50% a quarter earlier, followed by Consumer Staples and Technology.

On the sell side, the most notable exit was Sea Limited, an estimated $125M sold.

  • First Beijing Investment Ltd's largest Q2 2025 buy was AXT Inc: 1,730,156 shares worth $3.62M.
  • First Beijing Investment Ltd added most to Pinduoduo in Q2 2025, an estimated $181M increase.
  • First Beijing Investment Ltd fully exited Sea Limited in Q2 2025, selling an estimated $125M.
  • First Beijing Investment Ltd's ten largest holdings make up 100% of its $1.79B portfolio in Q2 2025.
  • First Beijing Investment Ltd opened 2 new positions and closed 1 in Q2 2025.
  • First Beijing Investment Ltd's portfolio value rose 23% quarter-over-quarter to $1.79B.

Based on First Beijing Investment Ltd's 13F filing for Q2 2025, filed 15 Aug 2025.