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First Beijing Investment Ltd

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13F filer, CIK 1701717, HONG KONG, Hong Kong

First Beijing Investment Ltd reported $2,443,833,590 across 11 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-12. Its ten largest share positions make up 99.98% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001701717-26-000011

Period
2026-06-30
Reported value
$2.44B
Holdings
11
Top 10 weight
99.98%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SEadded+2,900,104$278M
FUTUnew+1,379,102$129M
PDDadded+1,228,254$93.7M
YMMadded+1,789,980$14.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
LEGNexited-2,296,335-$41.5M
EDUreduced-261,279-$12M
NOAHreduced-97,393-$973K
KSPIreduced-9,737-$844K
RLXreduced-307,832-$585K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001701717-26-000011, largest first. % of portfolio is the value over $2,443,833,590, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 13,740,729 shares; 2024Q4: 31,241,548 shares; 2025Q1: 29,736,802 shares; 2025Q2: 39,494,654 shares; 2025Q3: 68,645,580 shares; 2025Q4: 76,616,568 shares; 2026Q1: 90,000,895 shares; 2026Q2: 91,790,875 shares 91,790,875$745M30.5%+1,789,980Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,554,719 shares; 2024Q4: 3,765,809 shares; 2025Q1: 3,857,223 shares; 2025Q2: 5,577,852 shares; 2025Q3: 6,168,721 shares; 2025Q4: 6,782,955 shares; 2026Q1: 8,149,162 shares; 2026Q2: 9,377,416 shares 9,377,416$715M29.27%+1,228,254Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 260,097 shares; 2025Q1: 5,456,378 shares; 2025Q2: 7,115,332 shares; 2025Q3: 9,346,501 shares; 2025Q4: 10,105,965 shares; 2026Q1: 8,995,258 shares; 2026Q2: 8,733,979 shares 8,733,979$401M16.41%-261,279Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,537,398 shares; 2024Q4: 2,557,398 shares; 2025Q1: 957,702 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 208,963 shares; 2026Q2: 3,109,067 shares 3,109,067$298M12.19%+2,900,104Timeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 1,379,102 shares 1,379,102$129M5.29%newTimeline
RLXRLX TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 28,440,248 shares; 2024Q4: 23,374,885 shares; 2025Q1: 41,036,045 shares; 2025Q2: 62,864,424 shares; 2025Q3: 62,864,424 shares; 2025Q4: 62,864,424 shares; 2026Q1: 60,129,671 shares; 2026Q2: 59,821,839 shares 59,821,839$114M4.65%-307,832Timeline
KSPIKASPI KZ JSCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 112,388 shares; 2026Q1: 434,350 shares; 2026Q2: 424,613 shares 424,613$36.8M1.51%-9,737Timeline
ZHZHIHU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 551,048 shares; 2026Q2: 551,048 shares 551,048$1.72M0.07%0Timeline
BZUNBAOZUN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 444,328 shares; 2026Q2: 432,828 shares 432,828$1.22M0.05%-11,500Timeline
DDLDINGDONG CAYMAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 845,952 shares; 2026Q2: 622,432 shares 622,432$1.2M0.05%-223,520Timeline
NOAHNOAH HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 124,149 shares; 2024Q4: 136,733 shares; 2025Q1: 163,443 shares; 2025Q2: 175,328 shares; 2025Q3: 175,328 shares; 2025Q4: 392,527 shares; 2026Q1: 135,988 shares; 2026Q2: 38,595 shares 38,595$386K0.02%-97,393Timeline

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
LEGNLEGEND BIOTECH CORP2,296,335$41.5Mshares
APIAGORA INC7,700$27.3Kshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001701717-26-000011 base2026-08-12acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001701717-26-000011 Quarter ended 2026-06-302026-08-12acceptance time not in the bulk data set
13F-HR 0001701717-26-000010 Quarter ended 2026-03-312026-05-13acceptance time not in the bulk data set
13F-HR 0001701717-26-000005 Quarter ended 2025-12-312026-02-17acceptance time not in the bulk data set
13F-HR 0001701717-25-000020 Quarter ended 2025-09-302025-11-14acceptance time not in the bulk data set
13F-HR 0001701717-25-000014 Quarter ended 2025-06-302025-08-15acceptance time not in the bulk data set
13F-HR 0001701717-25-000011 Quarter ended 2025-03-312025-05-19acceptance time not in the bulk data set
13F-HR 0001701717-25-000002 Quarter ended 2024-12-312025-02-14acceptance time not in the bulk data set
13F-HR 0001701717-24-000006 Quarter ended 2024-09-302024-10-31acceptance time not in the bulk data set
13F-HR/A 0001701717-24-000007 Quarter ended 2024-09-302024-10-31acceptance time not in the bulk data set
13F-HR 0001701717-24-000004 Quarter ended 2024-06-302024-08-14acceptance time not in the bulk data set
13F-HR 0001701717-24-000003 Quarter ended 2024-03-312024-05-15acceptance time not in the bulk data set
13F-HR 0001701717-24-000002 Quarter ended 2023-12-312024-02-13acceptance time not in the bulk data set
13F-HR 0001701717-23-000005 Quarter ended 2023-09-302023-11-14acceptance time not in the bulk data set
13F-HR 0001701717-23-000004 Quarter ended 2023-06-302023-08-17acceptance time not in the bulk data set