First Beijing Investment Ltd
Annual return '25
+22.1%
SPY '25
+17.7%
Alpha
+4.4ptsvs SPY
Invested
$2.3B
Holdings
12
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 98%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$PDD
PDD HOLDINGS INC
Held since at least Q1 2024
35.9%
02
$YMM
FULL TRUCK ALLIANCE CO LTD
Held since at least Q1 2024
32.2%
03
$EDU
NEW ORIENTAL ED & TECHNOLOGY
Held since at least Q1 2024
22.0%
04
$RLX
RLX TECHNOLOGY INC
Held since at least Q1 2024
5.7%
05
$LEGN
LEGEND BIOTECH CORP
Held since at least Q1 2024
1.8%
06
$KSPI
KASPI KZ JSC
Held since at least Q1 2024
1.4%
07
$SE
SEA LTD
Held since at least Q1 2024
0.7%
08
$DDL
DINGDONG CAYMAN LTD
Held since at least Q1 2024
0.1%
09
$ZH
ZHIHU INC
Held since at least Q1 2024
0.1%
10
$NOAH
NOAH HLDGS LTD
Held since at least Q1 2024
0.1%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:31 UTC.