Institutional Manager · CIK 0001609021
IDG China Venture Capital Fund IV Associates L.P.
Hong Kong, K3 · File #028-19982
Latest AUM
$233.5M
Positions
4
Top-10 Concentration
100.0%
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 |
|---|---|---|---|---|---|
| REDUCE | PONY AI INC | PYAIF | -7,071,865 | -$102.5M | -$74.2M |
| REDUCE | PDD HOLDINGS INC | PDD | -248,967 | -$28.2M | -$37.5M |
| REDUCE | LIGHTINTHEBOX HLDG CO LTD | LITB | 0 | $0 | +$125,855 |
| REDUCE | BITDEER TECHNOLOGIES GROUP | BTDR | 0 | $0 | -$536,891 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20254 pos · $233.5M
- 13F HOLDINGS REPORTQ/E Sep 20254 pos · $476.4M
- 13F HOLDINGS REPORTQ/E Jun 20254 pos · $408.0M
- 13F HOLDINGS REPORTQ/E Mar 20254 pos · $403.1M
- 13F HOLDINGS REPORTQ/E Dec 20244 pos · $430.7M
- 13F HOLDINGS REPORTQ/E Sep 20243 pos · $419.6M
- 13F HOLDINGS REPORTQ/E Jun 20244 pos · $436.6M
- 13F HOLDINGS REPORTQ/E Mar 20244 pos · $442.8M
- 13F HOLDINGS REPORTQ/E Dec 20235 pos · $765.5M
Top 4 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 1,749,029 | $198.3M | 84.94% |
| 2 | PONY AI INC | PYAIF | 2,216,250 | $32.1M | 13.76% |
| 3 | LIGHTINTHEBOX HLDG CO LTD | LITB | 898,969 | $2.0M | 0.86% |
| 4 | BITDEER TECHNOLOGIES GROUP | BTDR | 91,308 | $1.0M | 0.44% |