First Beijing Investment Ltd is an investment fund managing more than $924 billion ran by Huang Xiang. There are currently 9 companies in Xiang’s portfolio. The largest investments include PDD Inc and Sea Ltd, together worth $714 billion.
As of 7th August 2024, First Beijing Investment Ltd’s top holding is 2,784,180 shares of PDD Inc currently worth over $370 billion and making up 40.0% of the portfolio value.
Relative to the number of outstanding shares of PDD Inc, First Beijing Investment Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 4,821,080 shares of Sea Ltd worth $344 billion, whose value grew 75.3% in the past six months.
The third-largest holding is Qifu Technology worth $54 billion and the next is Rlx Technology Inc worth $39.2 billion, with 21,281,184 shares owned.
Currently, First Beijing Investment Ltd's portfolio is worth at least $924 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The First Beijing Investment Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Huang Xiang serves as the Director at First Beijing Investment Ltd.
In the most recent 13F filing, First Beijing Investment Ltd revealed that it had opened a new position in
Li Auto and bought 1,648,062 shares worth $29.5 billion.
This means they effectively own approximately 0.1% of the company.
Li Auto makes up
7.4%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by 51.2% in the past year.
The investment fund also strengthened its position in PDD Inc by buying
964,787 additional shares.
This makes their stake in PDD Inc total 2,784,180 shares worth $370 billion.
PDD Inc soared 74.9% in the past year.
On the other hand, there are companies that First Beijing Investment Ltd is getting rid of from its portfolio.
First Beijing Investment Ltd closed its position in Sharkninja Inc on 14th August 2024.
It sold the previously owned 794,519 shares for $40.7 billion.
Huang Xiang also disclosed a decreased stake in Qifu Technology by 0.1%.
This leaves the value of the investment at $54 billion and 2,736,280 shares.
The two most similar investment funds to First Beijing Investment Ltd are Mmbg Investment Advisors Co and Canandaigua National Bank & Trust Co. They manage $923 billion and $923 billion respectively.
First Beijing Investment Ltd’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 43.2% of
the total portfolio value.
The fund focuses on investments in the China as
44.4% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
44% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $33.2 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| PDD Holdings Inc |
53.03%
2,784,180
|
$370,156,731,000 | 40.05% |
| Sea Ltd |
54.39%
4,821,080
|
$344,321,534,000 | 37.25% |
| Qifu Technology Inc. |
10.51%
2,736,280
|
$53,986,804,000 | 5.84% |
| Sharkninja Inc |
Closed
794,519
|
$40,655,537,000 | |
| Rlx Technology Inc |
61.56%
21,281,184
|
$39,157,379,000 | 4.24% |
| Atour Lifestyle Holdings Ltd |
7,788.82%
2,051,093
|
$37,637,557,000 | 4.07% |
| Zto Express Cayman Inc |
Closed
1,506,424
|
$32,056,703,000 | |
| Bilibili Inc |
8.93%
1,933,086
|
$29,846,848,000 | 3.23% |
| Li Auto Inc. |
Opened
1,648,062
|
$29,467,349,000 | 3.19% |
| DoorDash Inc |
53.29%
178,869
|
$19,457,370,000 | 2.11% |
| Zeekr Intelligent Technology |
Opened
12,982
|
$244,581,000 | 0.03% |
| Super Micro Computer Inc |
Closed
42
|
$11,939,000 | |
| Robinhood Mkts Inc |
Closed
930
|
$11,848,000 | |
| Unity Software Inc. |
Closed
289
|
$11,817,000 | |
| Ypf Sociedad Anonima |
Closed
686
|
$11,792,000 | |
| Dicks Sporting Goods, Inc. |
Closed
80
|
$11,756,000 | |
| NIO Inc |
Closed
1,296
|
$11,755,000 | |
| SoFi Technologies, Inc. |
Closed
1,181
|
$11,751,000 | |
| Kinross Gold Corp. |
Closed
1,941
|
$11,743,000 | |
| Toast, Inc. |
Closed
642
|
$11,723,000 | |
| Caesars Entertainment Inc Ne |
Closed
250
|
$11,720,000 | |
| Sentinelone Inc |
Closed
427
|
$11,717,000 | |
| UiPath, Inc. |
Closed
471
|
$11,700,000 | |
| Gamestop Corp New |
Closed
667
|
$11,693,000 | |
| Dutch Bros Inc. |
Closed
369
|
$11,686,000 | |
| BILL Holdings Inc |
Closed
143
|
$11,667,000 | |
| Coinbase Global Inc |
Closed
67
|
$11,653,000 | |
| GitLab Inc. |
Closed
185
|
$11,648,000 | |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||