TB Alternative Assets Ltd.

Q4 2025 13F-HR Holdings

Location
Hong Kong, K3
Holdings as of
12/31/2025
Date filed
1/16/2026
Form type
13F-HR
Num holdings
50
Total value ($000)
$610,765
Net value change ($000)
-57,629 (-8.6%)
New positions
18
Sold out positions
16
Turnover %
46.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/17/2025 Next filing: 4/16/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
GOOGL 39,609 67.6%
META 37,351 48.5%
SQQQ 31,048 NEW
FIGR 27,839 NEW
AAPL 19,580 NEW
NVO 13,542 NEW
AEM 10,082 34.9%
SNOW 10,040 NEW
MP 8,605 1781.6%
DHI 8,390 72.5%
Top Reduces (Value $000, Stocks/ETFs)
COIN -38,491 -100.0%
HOOD -34,604 -100.0%
TSLA -28,780 -88.3%
MSTR -20,419 -50.3%
RKLB -19,422 -78.1%
MRNA -17,019 -100.0%
CEG -13,281 -58.0%
NBIS -11,845 -100.0%
DUOL -11,574 -100.0%
PROSHARES TRUST -8,394 -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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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type