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Portfolio (Quarterly) Guide ↗

TB Alternative Assets Ltd.

· CIK 0001483503
13F Portfolio $611M AUM 50 positions Filed Jan 16, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 50 New
Page 3 of 3  ·  50 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 SPOT SPOTIFY TECHNOLOGY S A Communication Services 720.0 $418K 0.07% NEW $580.71 -24.8%
42 BE BLOOM ENERGY CORP COM CL A Industrials 4,803.0 $417K 0.07% NEW $86.89 +197.7%
43 IDXX IDEXX LABS INC Healthcare 615.0 $416K 0.07% NEW $676.53 -21.8%
44 LANDBRIDGE COMPANY LLC CL A 8,141.0 $399K 0.07% NEW $48.99
45 GS GOLDMAN SACHS GROUP INC Financial Services 447.0 $393K 0.06% NEW $879.00 +7.9%
46 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 27,358.0 $363K 0.06% NEW $13.28 -19.7%
47 BNTX BIONTECH SE SPONSORED ADS Healthcare 2,104.0 $200K 0.03% NEW $95.20 -6.7%
48 BEONE MEDICINES LTD SPONSORED ADS 487.0 $148K 0.02% NEW $303.81
49 AZO AUTOZONE INC Consumer Cyclical 19.0 $64K 0.01% NEW $3391.53 -0.8%
50 YUNJI INC-ADR 32,250.0 $38K 0.01% NEW $1.18
Page 3 of 3  ·  50 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Communication Services 42.4%
Technology 20.4%
Consumer Cyclical 11.9%
Basic Materials 8.4%
Financial Services 5.4%
Healthcare 3.9%
Energy 3.9%
Utilities 1.7%
Industrials 1.0%
Consumer Defensive 1.0%