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IDG China Capital Fund III Associates L.P.

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13F filer, CIK 1649614, CENTRAL HONG KONG, China

IDG China Capital Fund III Associates L.P. reported $801,161,937 across 2 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-014659

Period
2025-12-31
Reported value
$801M
Holdings
2
Top 10 weight
100%
New
0
Sold out
1

Largest buys vs the previous quarter

None.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PONYexited-4,570,712-$103M
CRCLreduced-1,061,028-$84.1M

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, Q4 2025

Share positions as resolved from 13F-HR 0001104659-26-014659, largest first. % of portfolio is the value over $801,161,937, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CRCLCIRCLE INTERNET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 11,676,488 shares; 2025Q3: 11,026,687 shares; 2025Q4: 9,965,659 shares 9,965,659$790M98.64%-1,061,028Timeline
WDHWATERDROP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 5,729,041 shares; 2025Q1: 5,729,041 shares; 2025Q2: 5,729,041 shares; 2025Q3: 5,729,041 shares; 2025Q4: 5,729,041 shares 5,729,041$10.9M1.36%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
PONYPONY AI INC4,570,712$103Mshares

How Q4 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 0001104659-26-014659 base2026-02-13acceptance time not in the bulk data set