First Beijing Investment Ltd: NOAH HLDGS LTD (NOAH): Quarterly 13F Position History
As of Q1 2026, First Beijing Investment Ltd reported 135,988 shares of NOAH HLDGS LTD (NOAH), worth $1.3M and representing 0.1% of its 13F equity book. Quarter-over-quarter share count change: 256,539 (-65.4%) . The position first appeared in Q3 2024 and has been disclosed across 7 13F-HR filings in Pactolio's tracked window.
- 135,988Shares Held (Latest Filing)
- $1.3MReported Market Value (Latest Filing)
- 0.1%Portfolio Weight (% of 13F Equity Book)
- 256,539Quarter-over-Quarter Share Change
- -$2.6MQuarter-over-Quarter Value Change
- 392,527Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 7 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 135,988 | 256,539 | -65.4% | $1.3M | 0.1% | $9.9 |
| Q4 2025 | 392,527 | +217,199 | +123.9% | $3.9M | 0.2% | $10.0 |
| Q3 2025 | 175,328 | 0 | — | $2.0M | 0.1% | $11.6 |
| Q2 2025 | 175,328 | +11,885 | +7.3% | $2.1M | 0.1% | $11.9 |
| Q1 2025 | 163,443 | +26,710 | +19.5% | $1.5M | 0.1% | $9.4 |
| Q4 2024 | 136,733 | +12,584 | +10.1% | $1.6M | 0.1% | $11.7 |
| Q3 2024 | 124,149 | — | — | $1.5M | 0.1% | $12.3 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did First Beijing Investment Ltd first disclose a NOAH position in 13F-HR filings?
First Beijing Investment Ltd first reported NOAH HLDGS LTD (NOAH) on its 13F-HR filing for the period ending 2024-09-30 (Q3 2024). The position has appeared on 7 reported quarters within Pactolio's tracked window.
What was First Beijing Investment Ltd's most recent quarter-over-quarter share-count change in NOAH?
Between Q4 2025 and Q1 2026, First Beijing Investment Ltd reduced its NOAH position by 256,539 shares (-65.4%), leaving 135,988 shares at a market value of $1.3M.
Does the implied price-per-share represent First Beijing Investment Ltd's cost basis in NOAH?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.