# IDG China Capital Fund III Associates L.P.: Form 13F holdings

An institutional investment manager in CENTRAL HONG KONG. SEC CIK 1649614.

- Quarter ended: 2026-06-30
- Filed: 2026-08-07
- Reported value: $564.0m
- Positions: 2 (2 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1649614/000110465926092525/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [CIRCLE INTERNET GROUP INC (CRCL)](/companies/crcl.md) | COM CL A | $557.5m | 98.9% | 8,902,014 |  | Reduced −101,660 |
| [WATERDROP INC (WDH)](/companies/wdh.md) | ADS | $6.5m | 1.1% | 5,729,041 |  | Unchanged |

Source: SEC EDGAR, Form 13F-HR, accession 0001104659-26-092525. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.