First Beijing Investment Ltd 13F annual report

First Beijing Investment Ltd is an investment fund managing more than $924 billion ran by Huang Xiang. There are currently 9 companies in Xiang’s portfolio. The largest investments include PDD Inc and Sea Ltd, together worth $714 billion.

$924 billion Assets Under Management (AUM)

As of 7th August 2024, First Beijing Investment Ltd’s top holding is 2,784,180 shares of PDD Inc currently worth over $370 billion and making up 40.0% of the portfolio value. Relative to the number of outstanding shares of PDD Inc, First Beijing Investment Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 4,821,080 shares of Sea Ltd worth $344 billion, whose value grew 75.3% in the past six months. The third-largest holding is Qifu Technology worth $54 billion and the next is Rlx Technology Inc worth $39.2 billion, with 21,281,184 shares owned.

Currently, First Beijing Investment Ltd's portfolio is worth at least $924 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at First Beijing Investment Ltd

The First Beijing Investment Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Huang Xiang serves as the Director at First Beijing Investment Ltd.

Recent trades

In the most recent 13F filing, First Beijing Investment Ltd revealed that it had opened a new position in Li Auto and bought 1,648,062 shares worth $29.5 billion. This means they effectively own approximately 0.1% of the company. Li Auto makes up 7.4% of the fund's Consumer Discretionary sector allocation and has decreased its share price by 51.2% in the past year.

The investment fund also strengthened its position in PDD Inc by buying 964,787 additional shares. This makes their stake in PDD Inc total 2,784,180 shares worth $370 billion. PDD Inc soared 74.9% in the past year.

On the other hand, there are companies that First Beijing Investment Ltd is getting rid of from its portfolio. First Beijing Investment Ltd closed its position in Sharkninja Inc on 14th August 2024. It sold the previously owned 794,519 shares for $40.7 billion. Huang Xiang also disclosed a decreased stake in Qifu Technology by 0.1%. This leaves the value of the investment at $54 billion and 2,736,280 shares.

One of the average hedge funds

The two most similar investment funds to First Beijing Investment Ltd are Mmbg Investment Advisors Co and Canandaigua National Bank & Trust Co. They manage $923 billion and $923 billion respectively.

Huang Xiang investment strategy

First Beijing Investment Ltd’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 43.2% of the total portfolio value. The fund focuses on investments in the China as 44.4% of the portfolio companies are based in the China.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 44% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $33.2 billion.

The complete list of First Beijing Investment Ltd trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
PDD Holdings Inc	53.03% 2,784,180	$370,156,731,000	40.05%
Sea Ltd	54.39% 4,821,080	$344,321,534,000	37.25%
Qifu Technology Inc.	10.51% 2,736,280	$53,986,804,000	5.84%
Sharkninja Inc	Closed 794,519	$40,655,537,000
Rlx Technology Inc	61.56% 21,281,184	$39,157,379,000	4.24%
Atour Lifestyle Holdings Ltd	7,788.82% 2,051,093	$37,637,557,000	4.07%
Zto Express Cayman Inc	Closed 1,506,424	$32,056,703,000
Bilibili Inc	8.93% 1,933,086	$29,846,848,000	3.23%
Li Auto Inc.	Opened 1,648,062	$29,467,349,000	3.19%
DoorDash Inc	53.29% 178,869	$19,457,370,000	2.11%
Zeekr Intelligent Technology	Opened 12,982	$244,581,000	0.03%
Super Micro Computer Inc	Closed 42	$11,939,000
Robinhood Mkts Inc	Closed 930	$11,848,000
Unity Software Inc.	Closed 289	$11,817,000
Ypf Sociedad Anonima	Closed 686	$11,792,000
Dicks Sporting Goods, Inc.	Closed 80	$11,756,000
NIO Inc	Closed 1,296	$11,755,000
SoFi Technologies, Inc.	Closed 1,181	$11,751,000
Kinross Gold Corp.	Closed 1,941	$11,743,000
Toast, Inc.	Closed 642	$11,723,000
Caesars Entertainment Inc Ne	Closed 250	$11,720,000
Sentinelone Inc	Closed 427	$11,717,000
UiPath, Inc.	Closed 471	$11,700,000
Gamestop Corp New	Closed 667	$11,693,000
Dutch Bros Inc.	Closed 369	$11,686,000
BILL Holdings Inc	Closed 143	$11,667,000
Coinbase Global Inc	Closed 67	$11,653,000
GitLab Inc.	Closed 185	$11,648,000
No transactions found
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