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Portfolio (Quarterly) Guide ↗

First Beijing Investment Ltd

· CIK 0001701717
13F Portfolio $2.3B AUM 12 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 5 New 3 Added 4 Reduced 1 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 EDU NEW ORIENTAL ED & TECHNOLOGY Consumer Defensive 8,995,258.0 $509.4M 21.97% -1.1M -11.0% $56.63 -16.0%
2 RLX RLX TECHNOLOGY INC Consumer Defensive 60,129,671.0 $132.3M 5.71% -2.7M -4.3% $2.20 -4.5%
3 NOAH NOAH HLDGS LTD Financial Services 135,988.0 $1.3M 0.06% -257K -65.4% $9.90 +5.9%
4 API AGORA INC Technology 7,700.0 $27K 0.00% -2K -22.2% $3.54 +6.5%

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
Consumer Cyclical 37.2%
Technology 32.7%
Consumer Defensive 28.2%
Healthcare 1.8%
Financial Services 0.1%
Communication Services 0.1%