TB Alternative Assets Ltd.

Q3 2025 13F-HR Holdings

Location
Hong Kong, K3
Holdings as of
9/30/2025
Date filed
10/17/2025
Form type
13F-HR
Num holdings
48
Total value ($000)
$668,394
Net value change ($000)
+128,358 (23.8%)
New positions
17
Sold out positions
10
Turnover %
38.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/16/2025 Next filing: 1/16/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MSTR 40,598 NEW
META 37,034 92.7%
HOOD 34,604 NEW
TSLA 32,606 NEW
RKLB 24,877 NEW
PDD 23,435 105.2%
LEU 21,472 281.0%
NBIS 11,609 4919.1%
DHI 11,575 NEW
DUOL 11,574 NEW
Top Reduces (Value $000, Stocks/ETFs)
CEG -30,011 -56.7%
ASML -29,046 -100.0%
ZG -18,784 -37.5%
MRNA -17,771 -51.1%
AMZN -14,235 -100.0%
GBTC -12,218 -61.4%
EBAY -12,187 -88.9%
AEM -11,782 -29.0%
YINN -5,055 -100.0%
MU -4,917 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type