First Beijing Investment LTD
First Beijing Investment Ltd is a hedge fund manager headquartered in Hong Kong, operating primarily as an investment adviser and manager for various pooled investment funds. The firm oversees a range of equity and alternative investment portfolios, focusing on Greater China and Asian markets. Public filings under SEC CIK 0001701717 show an active presence in US regulatory reporting, with fund operations established in the 2010s. Employee count is not disclosed but is believed to be relatively small, consistent with boutique fund operations.
Investment Strategy
The firm pursues mostly long/short equity and alternative investment strategies centered on high-growth sectors in China and greater Asia. It emphasizes fundamental research-driven selection, often investing in public Chinese and Asian companies with substantial market capitalization, such as Pinduoduo, Full Truck Alliance, and New Oriental Education. Portfolio management involves sector rotation and tactical allocation in technology, logistics, education, and consumer industries.
Top Holdings
Equity Positions (9)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PDD | PDD HOLDINGS INC | 32.67% | $583.8M | 5,577,852 | $102.68 | $104.66 | +$127.3M |
Y YMM | FULL TRUCK ALLIANCE CO LTD | 26.10% | $466.4M | 39,494,654 | $10.47 | $11.81 | +$86.7M |
E EDU | NEW ORIENTAL ED & TECHNOLOGY | 21.48% | $383.9M | 7,115,332 | $49.84 | $53.95 | +$123.0M |
A ATAT | ATOUR LIFESTYLE HOLDINGS LTD | 10.64% | $190.2M | 5,849,962 | $24.57 | $32.51 | +$47.4M |
R RLX | RLX TECHNOLOGY INC | 7.77% | $138.9M | 62,864,424 | $1.92 | $2.21 | +$61.8M |