The Rise and Fall of TB Alternative Assets Ltd.'s Q4 2022 vs. Q1 2023 Holdings

TB Alternative Assets Ltd. recently released its 13F filings for Q4 2022 and Q1 2023, revealing significant changes in its holdings. The 13F filings require investment managers with assets over $100 million to disclose their equity holdings with the Securities and Exchange Commission (SEC) quarterly. TB Alternative Assets Ltd.'s portfolio includes a diversified mix of companies across various sectors, including technology, healthcare, education, and e-commerce.

One of the notable changes in TB Alternative Assets Ltd.'s holdings is KE Holdings Inc. (BEKE), which decreased by 34% from 3,335,865 shares in Q4 2022 to 3,313,165 shares in Q1 2023. At the same time, the value of BEKE's shares in TB Alternative Assets Ltd.'s holdings increased by 34% from $46,568,000 in Q4 2022 to $62,420,000.

Another company that saw a significant increase in TB Alternative Assets Ltd.'s holdings is PDD Holdings Inc. (0A2S.IL), which rose by 401.7%, from 139,400 shares in Q4 2022 to 751,400 shares in Q1 2023. The value of PDD Holdings Inc. shares in TB Alternative Assets Ltd.'s portfolio also increased by 401.7% from $11,368,000 to $57,031,000 during this period.

Notably, TB Alternative Assets Ltd. reduced its holdings in Uber Technologies Inc. (UBER) by 55.8%, from 1,252,400 shares in Q4 2022 to 432,000 shares in Q1 2023. The value of UBER shares in TB Alternative Assets Ltd.'s holdings also dropped by 55.8% from $30,971,000 to $13,694,000.

In contrast, TB Alternative Assets Ltd. increased its holding in Snowflake Inc. (SNOW) by 7.5%, from 55,600 shares in Q4 2022 to 55,600 shares in Q1 2023. The value of SNOW shares in TB Alternative Assets Ltd.'s portfolio also increased by 7.5% from $7,980,000 to $8,578,000.

TB Alternative Assets Ltd.'s holdings in Canada Goose Holdings Inc. (GOOS.TO) increased by 8.1%, from 131,800 shares in Q4 2022 to 131,800 shares in Q1 2023. The value of GOOS.TO shares in TB Alternative Assets Ltd.'s portfolio increased by 8.1% from $2,347,000 to $2,537,000.

Similarly, TB Alternative Assets Ltd. increased its holdings in Agora Inc. (API) by 1.4%, from 53,100 shares in Q4 2022 to 52,800 shares in Q1 2023, while the value of API shares in TB Alternative Assets Ltd.'s portfolio decreased by 7.9% from $207,000 to $191,000.

TB Alternative Assets Ltd. also acquired new holdings in some companies, including Airbnb Inc. (ABNB), Tencent Music Entertainment Group (0A2Z.IL), and Pinterest Inc. (PINS). In contrast, TB Alternative Assets Ltd. trimmed its holdings in some companies such as Zoom Video Communications Inc. (ZM) and Bilibili Inc. (BILI).

Overall, TB Alternative Assets Ltd.'s latest 13F filings suggest a mix of trades in its portfolio. The fund did not wholly sell off any of its holdings, but instead took positions in new companies while dropping some shares in previously held companies. As always, investors should keep up-to-date with the holdings of their chosen funds and consider any significant changes in their holdings when making investment decisions.