13F HOLDINGS REPORT
First Beijing Investment Ltd
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001701717-26-000005
Total Value
$2.54B
Positions
8
Other Managers
0
Confidential Omitted
No
Holdings (8)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | FULL TRUCK ALLIANCE CO LTD | YMM | 76,616,568 | $822.1M | 32.42% |
| 2 | PDD HOLDINGS INC | PDD | 6,782,955 | $769.1M | 30.33% |
| 3 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 10,105,965 | $556.1M | 21.93% |
| 4 | ATOUR LIFESTYLE HOLDINGS LTD | ATAT | 5,811,104 | $229.0M | 9.03% |
| 5 | RLX TECHNOLOGY INC | RLX | 62,864,424 | $146.5M | 5.78% |
| 6 | KASPI KZ JSC | 48581R205 | 112,388 | $8.8M | 0.35% |
| 7 | NOAH HLDGS LTD | NOAH | 392,527 | $3.9M | 0.16% |
| 8 | AGORA INC | API | 9,900 | $40,293 | 0.00% |