First Beijing Investment Ltd

Q4 2025 13F-HR Holdings

Location
Hong Kong, K3
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
8
Total value ($000)
$2,535,540
Net value change ($000)
-54,395 (-2.1%)
New positions
1
Sold out positions
1
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — 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)
EDU 60,112 12.1%
ATAT 15,866 7.4%
KSPI 8,781 NEW
NOAH 1,909 93.9%
API 2 5.3%
Top Reduces (Value $000, Stocks/ETFs)
YMM -68,237 -7.7%
PDD -46,201 -5.7%
RLX -18,859 -11.4%
AXTI -7,768 -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