First Beijing Investment Ltd Diversified Active

Location: Hong Kong

CIK: 0001701717 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $2.536B (100.0% shares, 0.0% debt)

Holdings (8)

YMM FULL TRUCK ALLIANCE CO LTD 32.4%

Value $822M Shares 76,616,568 Est. Cost $11.45 Unrealized —

PDD PDD HOLDINGS INC 30.3%

Value $769M Shares 6,782,955 Est. Cost $106.17 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 21.9%

Value $556M Shares 10,105,965 Est. Cost $50.94 Unrealized —

ATAT ATOUR LIFESTYLE HOLDINGS LTD 9.0%

Value $229M Shares 5,811,104 Est. Cost $24.83 Unrealized —

RLX RLX TECHNOLOGY INC 5.8%

Value $146M Shares 62,864,424 Est. Cost $1.92 Unrealized —

KSPI KASPI KZ JSC 0.3%

Value $8.781M Shares 112,388 Est. Cost $78.13 Unrealized —

NOAH NOAH HLDGS LTD 0.2%

Value $3.941M Shares 392,527 Est. Cost $10.84 Unrealized —

API AGORA INC 0.0%

Value $40,293 Shares 9,900 Est. Cost $3.81 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
YMM	FULL TRUCK ALLIANCE CO LTD	76,616,568	$822M	32.4%	$11.45	—	SPONSORED ADS	35969L108
PDD	PDD HOLDINGS INC	6,782,955	$769M	30.3%	$106.17	—	AMERICAN DEP	722304102
EDU	NEW ORIENTAL ED & TECHNOLOGY	10,105,965	$556M	21.9%	$50.94	—	SPON ADR	647581206
ATAT	ATOUR LIFESTYLE HOLDINGS LTD	5,811,104	$229M	9.0%	$24.83	—	SPONSORED ADS	04965M106
RLX	RLX TECHNOLOGY INC	62,864,424	$146M	5.8%	$1.92	—	SPONSORED ADS	74969N103
KSPI	KASPI KZ JSC	112,388	$8.781M	0.3%	$78.13	—	SPONSORED ADS	48581R205
NOAH	NOAH HLDGS LTD	392,527	$3.941M	0.2%	$10.84	—	SPON ADS	65487X102
API	AGORA INC	9,900	$40,293	0.0%	$3.81	—	ADS	00851L103