TB Alternative Assets Ltd.
HONG KONG, K3 · CIK 1483503 · 13F filing filed 2026-07-17
SEC-registered investment adviser since 2015 · other (specify)
- Assets managed$708.2m
- Staff14 · 8 in investment roles
- Main clients (by assets)Private funds 79%, State and local governments 21%
- Private funds1 (1 hedge) · $202.9m gross assets
- Main officeGrand Cayman
- Form ADV · 2026-03-26SEC adviser record
$623.1m
reported value
+29.5% vs Q1 2026
34positions
80.0%in top 10
15 new
5 added
12 reduced
17 sold out
vs Q1 2026
Holdings, Q2 2026
The small lines show how much was held over the last 4 quarters (adjusted for stock splits).
| Security | Value | Change |
|---|---|---|
| INTEL CORP INTC | $82.0m13.15% | Added +302.7k |
| MARVELL TECHNOLOGY INC MRVL | $76.9m12.34% | New |
| TAIWAN SEMICONDUCTOR MFG LTD TSM | $75.6m12.14% | Added +131.4k |
| SANDISK CORP SNDK | $64.8m10.39% | New |
| META PLATFORMS INC META | $57.5m9.23% | Reduced -33.0k |
| ALPHABET INC GOOG | $56.3m9.04% | Added +75.6k |
| WESTERN DIGITAL CORP WDC | $40.9m6.57% | New |
| PDD HOLDINGS INC PDD | $17.6m2.82% | Reduced -110.1k |
| SEAGATE TECHNOLOGY HLDNGS PL STX | $14.1m2.27% | New |
| CENTRUS ENERGY CORP LEU | $12.9m2.07% | Reduced -32.9k |
| PROSHARES TR II UGL | $12.5m2.00% | Reduced -413.0k |
| CORNING INC GLW | $12.0m1.92% | New |
| NU HLDGS LTD NU | $11.9m1.91% | New |
| TRIP COM GROUP LTD TCOM | $11.4m1.84% | Reduced -38.7k |
| COHERENT CORP COHR | $11.4m1.83% | New |
| ZOOM COMMUNICATIONS INC ZM | $10.4m1.67% | New |
| PARAMOUNT SKYDANCE CORP SKYD | $9.3m1.49% | Added +181.5k |
| UNITEDHEALTH GROUP INC UNH | $6.5m1.05% | Reduced -31.5k |
| MICRON TECHNOLOGY INC MU | $6.1m0.98% | New |
| GE VERNOVA INC GEV | $6.0m0.96% | New |
| ROCKET LAB CORP RKLB | $5.4m0.86% | Reduced -306.5k |
| SO YOUNG INTERNATIONAL INC SY | $4.5m0.73% | Unchanged |
| PROSHARES TR II AGQ | $4.0m0.64% | Added +31.2k |
| FULL TRUCK ALLIANCE CO LTD YMM | $3.4m0.54% | Reduced -55.6k |
| NOKIA CORP NOK | $3.2m0.52% | Reduced -1.2m |
| OKLO INC OKLO | $2.0m0.32% | New |
| MOGU INC MOGU | $1.1m0.18% | Reduced -5.0k |
| TENCENT MUSIC ENTMT GROUP TME | $696.0k0.11% | Reduced -11.3k |
| MODERNA INC MRNA | $609.3k0.10% | New |
| ASTERA LABS INC ALAB | $586.9k0.09% | New |
| YOULIFE GROUP INC YOUL | $562.0k0.09% | Unchanged |
| ROBLOX CORP RBLX | $555.3k0.09% | New |
| BROADCOM INC AVGO | $435.2k0.07% | New |
| YUNJI INC YJ | $45.6k0.01% | Reduced -112 |
Sold out since Q1 2026
| Security | Value then |
|---|---|
| FIGURE TECHNOLOGY SOLUTIO FIGR | $33.9m997.4k shares |
| OCCIDENTAL PETE CORP OXY | $33.5m514.7k shares |
| AGNICO EAGLE MINES LTD AEM | $20.3m100.1k shares |
| PROSHARES TR SQQQ | $17.8m221.0k shares |
| LEMONADE INC LMND | $14.8m235.8k shares |
| EXXON MOBIL CORP XOM | $13.5m79.7k shares |
| CHENIERE ENERGY INC LNG | $9.1m32.0k shares |
| MP MATERIALS CORP MP | $6.2m129.4k shares |
| EQT CORP EQT | $4.9m77.1k shares |
| ENERGY TRANSFER L P ET | $4.8m251.0k shares |
| CONSTELLATION ENERGY CORP CEG | $3.5m12.5k shares |
| ENTERPRISE PRODS PARTNERS L EPD | $2.4m64.5k shares |
| DIREXION SHARES ETF TRUST KORU | $2.4m8.3k shares |
| LUMENTUM HLDGS INC LITE | $1.6m2.3k shares |
| CHEWY INC CHWY | $1.4m51.4k shares |
| CF INDS HLDGS INC CF | $1.4m10.6k shares |
| AXT INC AXTI | $556.1k9.8k shares |
Stakes above 5%
Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.
| Company | Stake |
|---|---|
| CLOOPEN GROUP HOLDING LIMITE RAASY · 13D · filed 2026-07-31 | 12.9% |
| SO YOUNG INTERNATIONAL INC SY · 13G · filed 2025-02-10 | 10.5% |
| MOGU INC MOGU · 13G · filed 2025-02-10 | 8.4% |
| YUNJI INC YJ · 13G · filed 2025-02-07 | 5.5% |
| MOLECULAR DATA INC MKDTY · 13G · filed 2025-02-07 | 5.2% |