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IDG China Capital Fund III Associates Portfolio holdings

AUM $564M
1-Year Est. Return 61.98%
This Fund
S&P 500
This Quarter Est. Return
-20.06%
1 Year Est. Return
-61.98%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.58B
AUM Growth
-$633M
Cap. Flow
-$131M
Cap. Flow %
-8.29%
Top 10 Hldgs %
100%
Holding
3
New
–
Increased
–
Reduced
2
Closed
–

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
CRCL
Circle Internet Group
CRCL
+$103M
2
PONY
Pony AI Inc
PONY
+$27.7M

Sector Composition

Rank Sector Weight
1 Financials 93.48%
2 Technology 6.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRCL
1
Circle Internet Group
CRCL
$18.1B
$1.46B 92.79%
11,026,687
-649,801
-6% -$103M
PONY
2
Pony AI Inc
PONY
$3.68B
$103M 6.52%
4,570,712
-1,823,545
-29% -$27.7M
WDH
3
Waterdrop
WDH
$359M
$10.8M 0.69%
5,729,041
– –

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IDG China Capital Fund III Associates's Q3 2025 Portfolio in Review

As of Q3 2025, IDG China Capital Fund III Associates held 3 positions worth $1.58B, down 29% from $2.21B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

IDG China Capital Fund III Associates withdrew a net $131M in Q3 2025, reducing 2 holdings. Its largest reduction was Circle Internet Group, cutting an estimated $103M.

By sector, the portfolio is most concentrated in Financials at 93% of assets, down from 96% a quarter earlier, followed by Technology.

  • IDG China Capital Fund III Associates's biggest Q3 2025 reduction was Circle Internet Group, cutting an estimated $103M.
  • IDG China Capital Fund III Associates's ten largest holdings make up 100% of its $1.58B portfolio in Q3 2025.
  • IDG China Capital Fund III Associates opened 0 new positions and closed 0 in Q3 2025.
  • IDG China Capital Fund III Associates's portfolio value fell 29% quarter-over-quarter to $1.58B.

Based on IDG China Capital Fund III Associates's 13F filing for Q3 2025, filed 5 Nov 2025.