Skip to main content
Livermore
Livermore
ZHEN

TB Alternative Assets Ltd.

SEC CIK
0001483503
Latest filing
Jul 17, 2026

The latest 13F from TB Alternative Assets Ltd. covers Q2 2026 (filed Jul 17, 2026): 34 long positions worth $623.1M. The top 10 holdings make up 80.0% of the portfolio, and the largest is Intel Corp (INTC) at 13.2%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
15
Est. +$258.6M
Added
5
Est. +$135.6M
Reduced
12
Est. −$112.8M
Sold out
17
Est. −$172.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. INTCIntel Corp
    13.2%$82.0MHistory
  2. MRVLMarvell Technology, Inc.
    12.3%$76.9MHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    12.1%$75.6MHistory
  4. SNDKSandisk Corp
    10.4%$64.8MHistory
  5. METAMeta Platforms, Inc.
    9.2%$57.5MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MRVLMarvell Technology, Inc.
    +$76.9MNewHistory
  2. SNDKSandisk Corp
    +$64.8MNewHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$62.7MAddedHistory
  4. INTCIntel Corp
    +$42.3MAddedHistory
  5. WDCWestern Digital Corp
    +$40.9MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MRVLMarvell Technology, Inc.
    +12.34 pp0.0% → 12.3%History
  2. INTCIntel Corp
    +10.55 pp2.6% → 13.2%History
  3. SNDKSandisk Corp
    +10.39 pp0.0% → 10.4%History
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +10.24 pp1.9% → 12.1%History
  5. WDCWestern Digital Corp
    +6.57 pp0.0% → 6.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FIGRFigure Technology Solutions, Inc.
    −$33.9MSold outHistory
  2. OXYOccidental Petroleum Corp
    −$33.5MSold outHistory
  3. RKLBRocket Lab Corp
    −$31.2MReducedHistory
  4. AEMAgnico Eagle Mines Ltd
    −$20.3MSold outHistory
  5. METAMeta Platforms, Inc.
    −$18.6MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. FIGRFigure Technology Solutions, Inc.
    −7.04 pp7.0% → 0.0%History
  2. OXYOccidental Petroleum Corp
    −6.95 pp7.0% → 0.0%History
  3. UGLProShares Trust II
    −6.91 pp8.9% → 2.0%History
  4. METAMeta Platforms, Inc.
    −6.83 pp16.1% → 9.2%History
  5. PDDPDD Holdings Inc.
    −4.41 pp7.2% → 2.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$623.1M
+$142.0M (+29.5%) vs. prior quarter
Positions
34
−2 vs. prior quarter
Top 10 concentration
80.0%
Top 10 as share of value
Turnover
51.6%
Q2 2026, one quarter
Average holding period
4.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $668.4M (Q3 2025)

Q1 2021: $531.0MQ2 2021: $502.0MQ3 2021: $430.5MQ4 2021: $338.5MQ1 2022: $291.2MQ2 2022: $204.1MQ3 2022: $277.4MQ4 2022: $278.2MQ1 2023: $405.6MQ2 2023: $401.9MQ3 2023: $368.3MQ4 2023: $375.2MQ1 2024: $399.4MQ2 2024: $429.5MQ3 2024: $421.4MQ4 2024: $388.4MQ1 2025: $430.4MQ2 2025: $540.0MQ3 2025: $668.4MQ4 2025: $610.8MQ1 2026: $481.1MQ2 2026: $623.1M
Q1 2021Q2 2026
13F filings of TB Alternative Assets Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 202634$623.1MINTCMRVLTSMvs. Q1 2026SEC
Q1 2026Apr 16, 202636$481.1MMETAUGLPDDvs. Q4 2025SEC
Q4 2025Jan 16, 202650$610.8MMETAGOOGINTCvs. Q3 2025SEC
Q3 2025Oct 17, 202548$668.4MMETAGOOGINTCvs. Q2 2025SEC
Q2 2025Jul 16, 202541$540.0MGOOGCEGZvs. Q1 2025SEC
Q1 2025Apr 14, 202544$430.4MZCEGMETAvs. Q4 2024SEC
Q4 2024Jan 17, 202543$388.4MBASNAPZvs. Q3 2024SEC
Q3 2024Oct 21, 202440$421.4MSNAPZMETAvs. Q2 2024SEC
Q2 2024Jul 18, 202437$429.5MSNAPABNBZvs. Q1 2024SEC
Q1 2024Apr 15, 202440$399.4MSNAPABNBZvs. Q4 2023SEC
Q4 2023Jan 12, 202440$375.2MHOODSNAPBEKEvs. Q3 2023SEC
Q3 2023Oct 13, 202340$368.3MBEKEPDDHOODvs. Q2 2023SEC
Q2 2023Jul 21, 202337$401.9MPDDProShares TrBEKEvs. Q1 2023SEC
Q1 2023Apr 28, 202340$405.6MBEKEPDDProShares Trvs. Q4 2022SEC
Q4 2022Feb 2, 202340$278.2MBEKEUBERHOODvs. Q3 2022SEC
Q3 2022Oct 14, 202242$277.4MBEKEUBERHOODvs. Q2 2022SEC
Q2 2022Jul 21, 202236$204.1MBEKEHOODProShares Trvs. Q1 2022SEC
Q1 2022Apr 29, 202238$291.2MBEKESNAPProshares Ultrapro Short Qqq - US ETPvs. Q4 2021SEC
Q4 2021Jan 18, 202231$338.5MBEKETMEBILIvs. Q3 2021SEC
Q3 2021Nov 2, 202132$430.5MBEKEPDDTMEvs. Q2 2021SEC
Q2 2021Jul 21, 202142$502.0MJDLUSYvs. Q1 2021SEC
Q1 2021Aug 18, 2021Amended38$531.0MSLGLUSY–SEC

13D and 13G filings

Companies where TB Alternative Assets Ltd. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

6 companies, largest stake first.

Companies where TB Alternative Assets Ltd. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
RAASYCloopen Group Holding Ltd13D/A12.89%38.5M shares+0.74 ppfrom 12.15%Feb 11, 20226 filingsJul 31, 2026SEC
Cloopen Group Holding LimitedClass A Ordinary Shares, $0.0001 par value per share13G11.52%38.5M sharesNewFeb 10, 20251 filingFeb 10, 2025SEC
SYSo-Young International Inc.13G10.54%8.24M shares–Feb 16, 20215 filingsFeb 10, 2025SEC
MOGUMOGU Inc.13G8.39%206.7M shares–Feb 16, 20216 filingsFeb 10, 2025SEC
YJYunji Inc.13G5.45%107.3M shares–Feb 16, 20215 filingsFeb 7, 2025SEC
Molecular Data Inc.Class A ordinary shares, par value US$0.00005 per share13G5.23%20.0M shares–Feb 16, 20218 filingsFeb 7, 2025SEC

Latest filings

34 filings on file made by TB Alternative Assets Ltd. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by TB Alternative Assets Ltd.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
RAASYCloopen Group Holding LtdJul 31, 202611:52 AM ET13D/A12.89%38.5M shares+0.74 ppfrom 12.15%Jul 30, 2026SEC
RAASYCloopen Group Holding LtdMay 13, 20261:49 PM ET13D/A12.15%38.5M shares−0.04 ppfrom 12.19%May 12, 2026SEC
RAASYCloopen Group Holding LtdDec 30, 20258:42 AM ET13D12.19%38.5M shares–Dec 22, 2025SEC
MOGUMOGU Inc.Feb 10, 20256:04 AM ET13G8.39%206.7M shares–Nov 9, 2018SEC
SYSo-Young International Inc.Feb 10, 20256:03 AM ET13G10.54%8.24M shares–Apr 8, 2019SEC
Cloopen Group Holding LimitedClass A Ordinary Shares, $0.0001 par value per shareFeb 10, 20256:02 AM ET13G11.52%38.5M sharesNewFeb 24, 2021SEC
YJYunji Inc.Feb 7, 20256:06 AM ET13G5.45%107.3M shares–Mar 21, 2019SEC
Molecular Data Inc.Class A ordinary shares, par value US$0.00005 per shareFeb 7, 20256:03 AM ET13G5.23%20.0M shares–Dec 6, 2019SEC
SYSo-Young International Inc.Feb 5, 202413GOld format–––SEC
Molecular Data Inc.Feb 5, 202413GOld format–––SEC
RAASYCloopen Group Holding LtdFeb 5, 202413GOld format–––SEC
YJYunji Inc.Feb 5, 202413GOld format–––SEC
MOGUMOGU Inc.Feb 5, 202413GOld format–––SEC
MOGUMOGU Inc.Feb 10, 202313G/AOld format–––SEC
Molecular Data Inc.Feb 10, 202313G/AOld format–––SEC
MOGUMOGU Inc.Feb 8, 202313GOld format–––SEC
RAASYCloopen Group Holding LtdFeb 8, 202313GOld format–––SEC
Molecular Data Inc.Feb 8, 202313GOld format–––SEC
SYSo-Young International Inc.Feb 8, 202313GOld format–––SEC
YJYunji Inc.Feb 8, 202313GOld format–––SEC