First Beijing Investment Ltd 13F: Quarter-over-Quarter Portfolio Changes
First Beijing Investment Ltd reported a disclosed portfolio value of approximately $2.4 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 5.4% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 3 holdings, trimmed 6 holdings, and exited 2 positions.
First Beijing Investment Ltd's top buy was Sea LTD (SE) . The fund bought 1387.9% more shares, lifting the position's portfolio weight by 11.4 percentage points. Its top sell was Legend Biotech CORP (LEGN) . The fund exited the position completely after it had accounted for 1.8% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| FUTU HLDGS LTD | FUTU | 5.3% | History → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| SEA LTD | SE | +11.4% | +1387.9% | History → |
| PDD HOLDINGS INC | PDD | +-6.6% | +15.1% | History → |
| FULL TRUCK ALLIANCE CO LTD | YMM | +-1.7% | +2.0% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| NOAH HLDGS LTD | NOAH | -0.0% | 71.6% | Holders → |
| DINGDONG CAYMAN LTD | DDL | -0.0% | 26.4% | History → |
| NEW ORIENTAL ED & TECHNOLOGY | EDU | -5.6% | 2.9% | History → |
| BAOZUN INC | BZUN | 0.0% | 2.6% | History → |
| KASPI KZ JSC | KSPI | 0.1% | 2.2% | History → |
| RLX TECHNOLOGY INC | RLX | -1.1% | 0.5% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| LEGEND BIOTECH CORP | LEGN | 1.8% |
| AGORA INC | API | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $2.3BPrior quarter
- $2.4BCurrent quarter
- +$0.1BNet delta
- +5.4%% change
Methodology & FAQ
How First Beijing Investment Ltd Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for First Beijing Investment Ltd: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did First Beijing Investment Ltd buy in Q2 2026?
In Q2 2026, First Beijing Investment Ltd initiated 1 new position (FUTU HLDGS LTD (FUTU)); bought more shares of SEA LTD (SE), PDD HOLDINGS INC (PDD), FULL TRUCK ALLIANCE CO LTD (YMM).
What stocks did First Beijing Investment Ltd sell in Q2 2026?
In Q2 2026, First Beijing Investment Ltd fully sold 2 positions (LEGEND BIOTECH CORP (LEGN), AGORA INC (API)); reduced holdings in NOAH HLDGS LTD (NOAH), DINGDONG CAYMAN LTD (DDL), NEW ORIENTAL ED & TECHNOLOGY (EDU), BAOZUN INC (BZUN), KASPI KZ JSC (KSPI) (the largest 5 of 6 reductions).
Which positions did First Beijing Investment Ltd initiate in Q2 2026?
First Beijing Investment Ltd established 1 new position in Q2 2026: FUTU HLDGS LTD (FUTU, 5.3%).
Which existing positions saw the largest allocation increases for First Beijing Investment Ltd in Q2 2026?
Of 3 existing positions with share-count increases in Q2 2026, the largest were: SEA LTD (SE, +11.4% weight, +1387.9% shares), PDD HOLDINGS INC (PDD, +-6.6% weight, +15.1% shares), FULL TRUCK ALLIANCE CO LTD (YMM, +-1.7% weight, +2.0% shares).
Which positions did First Beijing Investment Ltd fully exit in Q2 2026?
First Beijing Investment Ltd fully exited 2 positions in Q2 2026: LEGEND BIOTECH CORP (LEGN, last-reported weight 1.8%), AGORA INC (API, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for First Beijing Investment Ltd in Q2 2026?
Of 6 existing positions with share-count reductions in Q2 2026, the largest were: NOAH HLDGS LTD (NOAH, -0.0% weight, -71.6% shares), DINGDONG CAYMAN LTD (DDL, -0.0% weight, -26.4% shares), NEW ORIENTAL ED & TECHNOLOGY (EDU, -5.6% weight, -2.9% shares), BAOZUN INC (BZUN, 0.0% weight, -2.6% shares), KASPI KZ JSC (KSPI, 0.1% weight, -2.2% shares), RLX TECHNOLOGY INC (RLX, -1.1% weight, -0.5% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.