Institutional Manager · CIK 0001483503
TB Alternative Assets Ltd.
HONG KONG, K3 · File #028-13681
Latest AUM
$610.8M
Positions
50
Top-10 Concentration
75.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | META PLATFORMS INC CL A | META | +68,380 | +$45.1M | -$7.8M |
| EXITED | COINBASE GLOBAL INC COM CL A | 19260Q107 | -114,051 | -$38.5M | $0 |
| EXITED | ROBINHOOD MKTS INC COM CL A | 770700102 | -241,680 | -$34.6M | $0 |
| NEW | PROSHARES TR ULTRAPRO SHORT | 74350P675 | +453,250 | +$31.0M | $0 |
| REDUCE | ROCKET LAB CORP | RKLB | -441,035 | -$30.8M | +$11.3M |
| REDUCE | TESLA INC | TSLA | -64,809 | -$29.1M | +$366,587 |
| NEW | FIGURE TECHNOLOGY SOLUTIO COM CL A | FGRS | +681,668 | +$27.8M | $0 |
| ADD | ALPHABET INC CAP STK CL C | GOOG | +72,400 | +$22.7M | +$16.9M |
| NEW | APPLE INC | AAPL | +72,024 | +$19.6M | $0 |
| EXITED | MODERNA INC | 60770K107 | -658,881 | -$17.0M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202550 pos · $610.8M
- 13F HOLDINGS REPORTQ/E Sep 202548 pos · $668.4M
- 13F HOLDINGS REPORTQ/E Jun 202541 pos · $540.0M
- 13F HOLDINGS REPORTQ/E Mar 202544 pos · $430.4M
- 13F HOLDINGS REPORTQ/E Dec 202443 pos · $388.4M
- 13F HOLDINGS REPORTQ/E Sep 202440 pos · $421.4M
- 13F HOLDINGS REPORTQ/E Jun 202437 pos · $429.5M
- 13F HOLDINGS REPORTQ/E Mar 202440 pos · $399.4M
- 13F HOLDINGS REPORTQ/E Dec 202340 pos · $368.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | META PLATFORMS INC CL A | META | 173,186 | $114.3M | 18.72% |
| 2 | ALPHABET INC CAP STK CL C | GOOG | 312,831 | $98.2M | 16.07% |
| 3 | INTEL CORP | INTC | 1,236,692 | $45.6M | 7.47% |
| 4 | AGNICO EAGLE MINES LTD | AEM | 229,630 | $38.9M | 6.37% |
| 5 | PDD HOLDINGS INC SPONSORED ADS | PDD | 340,228 | $38.6M | 6.32% |
| 6 | PROSHARES TR ULTRAPRO SHORT | 74350P675 | 453,250 | $31.0M | 5.08% |
| 7 | FIGURE TECHNOLOGY SOLUTIO COM CL A | FGRS | 681,668 | $27.8M | 4.56% |
| 8 | ZILLOW GROUP INC CL C CAP STK | Z | 366,272 | $25.0M | 4.09% |
| 9 | CENTRUS ENERGY CORP CL A | LEU | 90,972 | $22.1M | 3.62% |
| 10 | STRATEGY INC CL A NEW | STRK | 132,801 | $20.2M | 3.30% |
| 11 | D R HORTON INC | 23331A109 | 138,614 | $20.0M | 3.27% |
| 12 | APPLE INC | AAPL | 72,024 | $19.6M | 3.21% |
| 13 | NOVO-NORDISK A S ADR | NONOF | 266,165 | $13.5M | 2.22% |
| 14 | SNOWFLAKE INC COM SHS | SNOW | 45,768 | $10.0M | 1.64% |
| 15 | CONSTELLATION ENERGY CORP | CEG | 27,242 | $9.6M | 1.58% |
| 16 | MP MATERIALS CORP COM CL A | MP | 179,886 | $9.1M | 1.49% |
| 17 | SO-YOUNG INTERNATIONAL-ADR | SY | 3,067,873 | $7.9M | 1.29% |
| 18 | TRIP COM GROUP LTD ADS | TRPCF | 90,320 | $6.5M | 1.06% |
| 19 | BROADCOM INC | AVGO | 16,120 | $5.6M | 0.91% |
| 20 | ROCKET LAB CORP | RKLB | 78,200 | $5.5M | 0.89% |