We are live on ! Find out more
ICCFIA

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
-39.63%
1 Year Est. Return
-61.98%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$801M
AUM Growth
-$774M
Cap. Flow
-$212M
Cap. Flow %
-26.52%
Top 10 Hldgs %
100%
Holding
3
New
–
Increased
–
Reduced
1
Closed
1

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
CRCL
Circle Internet Group
CRCL
+$110M
2
PONY
Pony AI Inc
PONY
+$103M

Sector Composition

Rank Sector Weight
1 Financials 100%
2 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRCL
1
Circle Internet Group
CRCL
$18.1B
$790M 98.64%
9,965,659
-1,061,028
-10% -$110M
WDH
2
Waterdrop
WDH
$359M
$10.9M 1.36%
5,729,041
– –
PONY
3
Pony AI Inc
PONY
$3.68B
– –
-4,570,712
Closed -$103M

Similar funds

KBG
Kahn Brothers Group New York $564M AUM 25.3% 1-Year Est. Return
AHSW
Adventist Health System West Roseville, California $564M AUM 17.1% 1-Year Est. Return
LC
Lavaca Capital Houston, Texas $564M AUM 4.6% 1-Year Est. Return
PSC
Patient Square Capital Menlo Park, California $564M AUM 261.3% 1-Year Est. Return
TCP
ThornTree Capital Partners Boston, Massachusetts $564M AUM 36.37% 1-Year Est. Return
KF
KKM Financial Chicago, Illinois $563M AUM 28.2% 1-Year Est. Return
AAS
Asset Allocation Strategies Farmington, Michigan $563M AUM 15.65% 1-Year Est. Return
PEP
Providence Equity Partners Providence, Rhode Island $565M AUM 37.52% 1-Year Est. Return

IDG China Capital Fund III Associates's Q4 2025 Portfolio in Review

As of Q4 2025, IDG China Capital Fund III Associates held 3 positions worth $801M, down 49% from $1.58B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

IDG China Capital Fund III Associates withdrew a net $212M in Q4 2025, closing 1 position and reducing 1 holding. Its most notable exit was Pony AI Inc, an estimated $103M position sold in full.

By sector, the portfolio is most concentrated in Financials at 100% of assets, up from 93% a quarter earlier, followed by Technology.

  • IDG China Capital Fund III Associates's biggest Q4 2025 reduction was Circle Internet Group, cutting an estimated $110M.
  • IDG China Capital Fund III Associates fully exited Pony AI Inc in Q4 2025, selling an estimated $103M.
  • IDG China Capital Fund III Associates's ten largest holdings make up 100% of its $801M portfolio in Q4 2025.
  • IDG China Capital Fund III Associates opened 0 new positions and closed 1 in Q4 2025.
  • IDG China Capital Fund III Associates's portfolio value fell 49% quarter-over-quarter to $801M.

Based on IDG China Capital Fund III Associates's 13F filing for Q4 2025, filed 13 Feb 2026.