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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 $1,456,600,331 across 8 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-19.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001701717-25-000011

Period
2025-03-31
Reported value
$1.46B
Holdings
8
Top 10 weight
100%
New
1
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EDUadded+5,196,281$248M
RLXadded+17,661,160$33.2M
LUnew+4,392,625$13M
PDDadded+91,414$10.8M
NOAHadded+26,710$252K

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
SEreduced-1,599,696-$209M
VIPSexited-9,837,776-$133M
BILIexited-1,690,360-$30.6M
LIexited-1,254,400-$30.1M
MOMOexited-2,750,093-$21.2M

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, Q1 2025

Share positions as resolved from 13F-HR 0001701717-25-000011, largest first. % of portfolio is the value over $1,456,600,331, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,554,719 shares; 2024Q4: 3,765,809 shares; 2025Q1: 3,857,223 shares 3,857,223$457M31.34%+91,414Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,740,729 shares; 2024Q4: 31,241,548 shares; 2025Q1: 29,736,802 shares 29,736,802$380M26.07%-1,504,746Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 260,097 shares; 2025Q1: 5,456,378 shares 5,456,378$261M17.91%+5,196,281Timeline
ATATATOUR LIFESTYLE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,639,562 shares; 2024Q4: 5,431,906 shares; 2025Q1: 5,036,355 shares 5,036,355$143M9.8%-395,551Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,537,398 shares; 2024Q4: 2,557,398 shares; 2025Q1: 957,702 shares 957,702$125M8.58%-1,599,696Timeline
RLXRLX TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,440,248 shares; 2024Q4: 23,374,885 shares; 2025Q1: 41,036,045 shares 41,036,045$77.1M5.3%+17,661,160Timeline
LULUFAX HOLDING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,392,625 shares 4,392,625$13M0.9%newTimeline
NOAHNOAH HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,149 shares; 2024Q4: 136,733 shares; 2025Q1: 163,443 shares 163,443$1.54M0.11%+26,710Timeline

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
VIPSVIPSHOP HLDGS LTD9,837,776$133Mshares
BILIBILIBILI INC1,690,360$30.6Mshares
LILI AUTO INC1,254,400$30.1Mshares
MOMOHELLO GROUP INC2,750,093$21.2Mshares
LXLEXINFINTECH HLDGS LTD824,475$4.78Mshares

How Q1 2025 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 0001701717-25-000011 base2025-05-19acceptance time not in the bulk data set