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Livermore
Livermore
ZHEN

TB Alternative Assets Ltd.

SEC CIK
0001483503
Latest filing
Jul 17, 2026

Holdings in Q2 2021

Holdings as of Jun 30, 2021, filed Jul 21, 2021. Long positions only; changes compare share counts with Q1 2021.

Institution overview
Positions
42
+4 vs. Q1 2021
Portfolio value
$502.0M
−$29.1M (−5.5%) vs. Q1 2021
Filed
Jul 21, 2021
SEC
Holdings of TB Alternative Assets Ltd. in Q2 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
JDJD.com, Inc.SPON ADS CL A505,200$40.3M8.0%+76,000+17.7%AddedHistory
LULufax Holding LtdADS REP SHS CL A2,627,360$29.7M5.9%−355,800−11.9%ReducedHistory
SYSo-Young International Inc.SPONSORED ADS3,067,873$29.5M5.9%−680,000−18.1%ReducedHistory
UBERUber Technologies, IncStock576,500$28.9M5.8%00.0%UnchangedHistory
TMETencent Music Entertainment GroupSPON ADS1,794,500$27.8M5.5%+1,215,500+209.9%AddedHistory
SLGSL Green Realty CorpCOM333,688$26.7M5.3%−366,300−52.3%ReducedHistory
IQiQIYI, Inc.SPONSORED ADS1,563,500$24.4M4.9%+1,177,600+305.2%AddedHistory
BABoeing CoStock101,600$24.3M4.8%00.0%UnchangedHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A794,735$24.1M4.8%−234,283−22.8%ReducedHistory
JOYYJOYY Inc.ADS REPSTG COM A354,840$23.4M4.7%−7,600−2.1%ReducedHistory
AAPLApple Inc.Stock151,600$20.8M4.1%00.0%UnchangedHistory
ZZillow Group, Inc.CL C CAP STK164,800$20.1M4.0%+23,100+16.3%AddedHistory
PKPark Hotels & Resorts Inc.COM855,300$17.6M3.5%−198,800−18.9%ReducedHistory
TALKTalkspace, Inc.COM1,932,612$16.1M3.2%+1,932,612NewHistory
VIPSVipshop Holdings LtdSPONSORED ADS A779,800$15.7M3.1%+652,000+510.2%AddedHistory
BABAAlibaba Group Holding LtdADR63,050$14.3M2.8%−37,450−37.3%ReducedHistory
MOGUMOGU Inc.SPON ADS8,347,939$13.9M2.8%00.0%UnchangedHistory
EDUNew Oriental Education & Technology Group Inc.SPON ADR1,486,400$12.2M2.4%+1,486,400NewHistory
PDDPDD Holdings Inc.SPONSORED ADS73,140$9.29M1.9%−128,600−63.7%ReducedHistory
SNAPSnap IncStock117,500$8.01M1.6%00.0%UnchangedHistory
Laix Inc50736W105ADS3,703,164$6.89M1.4%00.0%Unchanged–
STWDStarwood Property Trust, Inc.COM254,900$6.67M1.3%00.0%UnchangedHistory
INTCIntel CorpStock117,000$6.57M1.3%00.0%UnchangedHistory
Molecular Data Inc60852L106SPONSORED ADS5,000,000$4.67M0.9%00.0%Unchanged–
DAOYoudao, Inc.SPONSORED ADS196,800$4.54M0.9%00.0%UnchangedHistory
TALTAL Education GroupSPONSORED ADS177,200$4.47M0.9%+131,900+291.2%AddedHistory
LITBLightInTheBox Holding Co., Ltd.SPONSORED ADR2,137,855$4.23M0.8%00.0%UnchangedHistory
Puxin Ltd74704P108ADS2,246,600$4.02M0.8%00.0%Unchanged–
Azul S A05501U106SPONSR ADR PFD136,500$3.60M0.7%−70,200−34.0%Reduced–
GOOSCanada Goose Holdings Inc.SHS SUB VTG81,200$3.55M0.7%00.0%UnchangedHistory
FINVFinVolution GroupSPONSORED ADS346,578$3.30M0.7%00.0%UnchangedHistory
LILi Auto Inc.SPONSORED ADS92,200$3.22M0.6%+92,200NewHistory
AXIAYAXIA Energia S.A.SPONSORED ADR310,400$2.69M0.5%00.0%UnchangedHistory
YJYunji Inc.ADS RP CL A1,538,249$2.66M0.5%−45,180−2.9%ReducedHistory
CYHCommunity Health Systems IncCOM151,500$2.34M0.5%00.0%UnchangedHistory
BTBTBit Digital, IncSHS300,000$2.05M0.4%+300,000NewHistory
DIDIYDiDi Global Inc.SPONSORED ADS142,000$2.01M0.4%+142,000NewHistory
BLDPBallard Power Systems Inc.COM108,700$1.97M0.4%00.0%UnchangedHistory
HUYAHUYA Inc.ADS REP SHS A100,700$1.78M0.4%+100,700NewHistory
WDHWaterdrop Inc.ADS248,900$1.61M0.3%+248,900NewHistory
FENGPhoenix New Media LtdSPONSORED ADS739,800$1.15M0.2%00.0%UnchangedHistory
BZKanzhun LtdSPONSORED ADS26,000$1.03M0.2%+26,000NewHistory

Sold out since Q1 2021 (4)

Positions held at the end of Q1 2021 that are gone from this filing.

Positions of TB Alternative Assets Ltd. sold out since Q1 2021
SecurityClassShares in Q1 2021Value in Q1 2021% of portfolio in Q1 2021History
WFCWells Fargo & CompanyStock146,600$5.73M1.1%History
HUNHuntsman CORPCOM198,600$5.73M1.1%History
CCChemours CoStock155,900$4.35M0.8%History
FCXFreeport-McMoran IncStock91,800$3.02M0.6%History