# First Beijing Investment Ltd: Form 13F holdings

An institutional investment manager in HONG KONG. SEC CIK 1701717.

- Quarter ended: 2026-06-30
- Filed: 2026-08-12
- Reported value: $2.44bn
- Positions: 11 (11 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/1701717/000170171726000011/

## 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [FULL TRUCK ALLIANCE CO LTD (YMM)](/companies/ymm.md) | SPONSORED ADS | $745.3m | 30.5% | 91,790,875 |  | Added +1,789,980 |
| [PDD HOLDINGS INC (PDD)](/companies/pdd.md) | SPONSORED ADS | $715.3m | 29.3% | 9,377,416 |  | Added +1,228,254 |
| [NEW ORIENTAL ED & TECHNOLOGY (EDU)](/companies/edu.md) | SPON ADR | $401.0m | 16.4% | 8,733,979 |  | Reduced −261,279 |
| [SEA LTD (SE)](/companies/se.md) | SPONSORD ADS | $297.9m | 12.2% | 3,109,067 |  | Added +2,900,104 |
| [FUTU HLDGS LTD (FUTU)](/companies/futu.md) | SPON ADS CL A | $129.3m | 5.3% | 1,379,102 |  | New +1,379,102 |
| [RLX TECHNOLOGY INC (RLX)](/companies/rlx.md) | SPONSORED ADS | $113.7m | 4.7% | 59,821,839 |  | Reduced −307,832 |
| [KASPI KZ JSC (KSPI)](/companies/kspi.md) | SPONSORED ADS | $36.8m | 1.5% | 424,613 |  | Reduced −9,737 |
| [ZHIHU INC (ZH)](/companies/zh.md) | SPONSORED ADS | $1.7m | <0.1% | 551,048 |  | Unchanged |
| [BAOZUN INC (BZUN)](/companies/bzun.md) | SPONSORED ADR | $1.2m | <0.1% | 432,828 |  | Reduced −11,500 |
| [DINGDONG CAYMAN LTD (DDL)](/companies/ddl.md) | ADS | $1.2m | <0.1% | 622,432 |  | Reduced −223,520 |
| [NOAH HLDGS LTD (NOAH)](/companies/noah.md) | SPON ADS | $385.6k | <0.1% | 38,595 |  | Reduced −97,393 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AGORA INC (API)](/companies/api.md) | ADS | $0 | 0.0% | 0 |  | Sold out −7,700 |
| [LEGEND BIOTECH CORP (LEGN)](/companies/legn.md) | SPONSORED ADS | $0 | 0.0% | 0 |  | Sold out −2,296,335 |

Source: SEC EDGAR, Form 13F-HR, accession 0001701717-26-000011. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.