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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 $2,318,567,326 across 12 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-13. Its ten largest share positions make up 99.95% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001701717-26-000010

Period
2026-03-31
Reported value
$2.32B
Holdings
12
Top 10 weight
99.95%
New
5
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PDDadded+1,366,207$140M
YMMadded+13,384,327$111M
LEGNnew+2,296,335$41.5M
KSPIadded+321,962$23.8M
SEnew+208,963$17.3M

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
ATATexited-5,811,104-$229M
EDUreduced-1,110,707-$62.9M
RLXreduced-2,734,753-$6.02M
NOAHreduced-256,539-$2.54M
APIreduced-2,200-$7.79K

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 2026

Share positions as resolved from 13F-HR 0001701717-26-000010, largest first. % of portfolio is the value over $2,318,567,326, 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; 2024Q2: restricted; 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 8,149,162$833M35.91%+1,366,207Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 90,000,895$747M32.22%+13,384,327Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 8,995,258$509M21.97%-1,110,707Timeline
RLXRLX TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 60,129,671$132M5.71%-2,734,753Timeline
LEGNLEGEND BIOTECH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 2,296,335 shares 2,296,335$41.5M1.79%newTimeline
KSPIKASPI KZ JSCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 112,388 shares; 2026Q1: 434,350 shares 434,350$32.2M1.39%+321,962Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 208,963$17.3M0.75%newTimeline
DDLDINGDONG CAYMAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 845,952 shares 845,952$2.17M0.09%newTimeline
ZHZHIHU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 551,048 shares 551,048$1.56M0.07%newTimeline
NOAHNOAH HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 135,988$1.35M0.06%-256,539Timeline
BZUNBAOZUN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 444,328 shares 444,328$1.06M0.05%newTimeline
APIAGORA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,900 shares; 2025Q3: 9,900 shares; 2025Q4: 9,900 shares; 2026Q1: 7,700 shares 7,700$27.3K<0.01%-2,200Timeline

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
ATATATOUR LIFESTYLE HLDGS LTD5,811,104$229Mshares

How Q1 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 0001701717-26-000010 base2026-05-13acceptance time not in the bulk data set