First Beijing Investment Ltd
•CIK: 1701717•Filing: Q4 2025
**First Beijing Investment Ltd** manages $2.5B across a concentrated portfolio of 8 positions. The fund exhibits significant overweighting in technology and consumer sectors, highlighted by top holdings in YMM ($822.1M) and PDD ($769.1M). These two positions alone account for over 64% of the reported top holdings value. The remaining allocation is diversified across N1UA ($556.1M) and other names, signaling a conviction-driven, large-cap approach.
Total AUM
$2.5B
QoQ Performance
-2.1%
Positions
8
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
YMM
PDD
N1UA
ATAT
RLX
YMM32.4%
PDD30.3%
N1UA21.9%
ATAT9.0%
RLX5.8%
KSPI0.3%
NOAH0.2%
API0.0%
📈 Biggest Buys
📉 Biggest Sells
No reductions this quarter
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW1 new position
↑5 increased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023