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TB Alternative Assets Ltd. — 13F Holdings & Portfolio

CIK 1483503 · latest 13F-HR filed 2026-10-16

Backtest portfolio

TB Alternative Assets Ltd. manages $488.0M in 13F-reported U.S. long-equity assets across 35 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are GOOG (18.15%), META (15.52%), INTC (13.05%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 13 new positions and exited 12; 9 existing positions rose in reported value and 13 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$488.0M

Long-equity book

Holdings
35

Distinct positions

Period
2026-09-30

Filed 2026-10-16

Q/Q Activity
+13 / −12 / ↑9 / ↓13

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
GOOG18.1% · +63%META15.5% · +2%INTC13.0% · -10%TSM7.9% · -47%SNDK6.3% · -38%MRVL6.3% · -55%RKLB4.6% · +508%UGL4.5% · +69%WDC3.7% · -38%NU3.0% · +29%AMZN2.3% · newSPCX2.1% · newLITE1.8% · newSY1.7% · 0%AGQ1.6% · +102%TSLA1.6% · newZM1.1% · -50%ONC1.1% · newBE0.8% · newNBIS0.7% · newLEU0.3% · -86%OKLO0.3% · 0%MOGU0.3% · -1%ALNY0.2% · newBNTX0.2% · newGEV0.2% · -84%IBM0.1% · newPSKY0.1% · -94%DOCU0.1% · newRBLX0.1% · 0%ALAB0.1% · 0%YOUL0.1% · 0%ASST0.1% · newYJ0.1% · +548%ACN0.0% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 83%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 26, 2026.

Assets Under Management
$708.2M
Discretionary
$708.2M
Employees
14
Accounts
3
Address
C/O MAPLES CORPORATE SERVICES LIMITED UGLAND HOUSE
GRAND CAYMAN KY1-1104
Cayman Islands
Phone
+1 345 949 8066
Mailing Address
2001, AGRICULTURAL BANK OF CHINA TOWER 50 CONNAUGHT ROAD CENTRAL, CENTRAL, HONG KONG, Hong Kong
Name Title / Status Ownership Type
CAMPBELL, TANYA NATASHA ControlDIRECTOR
since Jun 2023
Less than 5%Individual
CANDY, DEREK IAN ControlDIRECTOR
since Dec 2025
Less than 5%Individual
GE, FENG ControlEXECUTIVE OFFICER
since Nov 2010
Less than 5%Individual
LI, SHUJUN ControlDIRECTOR
since Dec 2007
Less than 5%Individual
LIN, DAVID ControlEXECUTIVE OFFICER
since Jun 2008
Less than 5%Individual
TBP PUBLIC LIMITED ControlSHAREHOLDER
since Sep 2012
75% or moreForeign Entity
WONG, GLADYS ControlEXECUTIVE OFFICER
since Aug 2015
Less than 5%Individual
LI, SHUJUN Control
Indirect owner via TBP PUBLIC LIMITED
SHAREHOLDER
since Sep 2012
75% or moreIndividual
Ownership & leadership changes · 7 filings with changes since Mar 28, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 5, 2026 filing
  • No longer listedMELEN, KIMBERLY · DIRECTOR · Less than 5% · control person · listed since Aug 2022
  • AddedCANDY, DEREK IAN · DIRECTOR · Less than 5% · control person
Sep 18, 2025 filing
  • AddedWONG, GLADYS · EXECUTIVE OFFICER · Less than 5% · control person
  • ChangedGE, FENG · title PARTNER → EXECUTIVE OFFICER
  • ChangedLI, SHUJUN · title DIRECTOR AND CHIEF EXECUTIVE OFFICER → DIRECTOR
  • ChangedLIN, DAVID · title CHIEF COMPLIANCE OFFICER → EXECUTIVE OFFICER
Jun 28, 2023 filing
  • No longer listedNestor, Colin · DIRECTOR · Less than 5% · control person · listed since Dec 2019
  • AddedCAMPBELL, TANYA NATASHA · DIRECTOR · Less than 5% · control person
Aug 24, 2022 filing
  • No longer listedBishop, Kim Marie · DIRECTOR · Less than 5% · control person · listed since Dec 2019
  • AddedMELEN, KIMBERLY · DIRECTOR · Less than 5% · control person
Dec 18, 2019 filing
  • AddedBishop, Kim Marie · DIRECTOR · Less than 5% · control person
  • AddedNestor, Colin · DIRECTOR · Less than 5% · control person
Jun 25, 2015 filing
  • ChangedGE, FENG · title EXECUTIVE OFFICER → PARTNER
  • ChangedLI, SHUJUN · title DIRECTOR → DIRECTOR AND CHIEF EXECUTIVE OFFICER
  • ChangedLIN, DAVID · title EXECUTIVE OFFICER → CHIEF COMPLIANCE OFFICER
Apr 2, 2013 filing
  • AddedLI, SHUJUN · SHAREHOLDER · 75% or more · indirect via TBP PUBLIC LIMITED · control person
  • AddedTBP PUBLIC LIMITED · SHAREHOLDER · 75% or more · control person
  • ChangedLI, SHUJUN · ownership 75% or more → Less than 5%
Mar 28, 2012 filing (earliest on record)
  • ListedGE, FENG · EXECUTIVE OFFICER · Less than 5% · control person
  • ListedLI, SHUJUN · DIRECTOR · 75% or more · control person
  • ListedLIN, DAVID · EXECUTIVE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

TB Alternative Assets Ltd. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ALPHABET INC CAP STK CL C GOOG 02079K107 $88.6M 18.15% 259,901 SH
2 META PLATFORMS INC CL A META 30303M102 $75.7M 15.52% 104,435 SH
3 INTEL CORP INTC 458140100 $63.7M 13.05% 529,505 SH
4 TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS TSM 874039100 $38.6M 7.91% 84,644 SH
5 SANDISK CORP SNDK 80004C200 $30.8M 6.31% 17,692 SH
6 MARVELL TECHNOLOGY INC MRVL 573874104 $30.7M 6.29% 116,140 SH
7 ROCKET LAB CORP RKLB 773121108 $22.3M 4.58% 320,703 SH
8 PROSHARES TR II ULTRA GOLD UGL 74347W601 $22.0M 4.52% 482,176 SH
9 WESTERN DIGITAL CORP WDC 958102105 $18.0M 3.68% 39,557 SH
10 NU HLDGS LTD ORD SHS CL A NU G6683N103 $14.5M 2.97% 1,146,339 SH
11 AMAZON COM INC AMZN 023135106 $11.1M 2.28% 44,700 SH
12 SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX 84615Q103 $10.4M 2.14% 69,100 SH
13 LUMENTUM HLDGS INC LITE 55024U109 $8.9M 1.82% 9,160 SH
14 SO-YOUNG INTERNATIONAL-ADR SY 83356Q108 $8.2M 1.68% 3,067,873 SH
15 PROSHARES TR II ULTRA SILVER NEW AGQ 74347W353 $8.0M 1.63% 119,020 SH
16 TESLA INC TSLA 88160R101 $7.6M 1.55% 21,360 SH
17 ZOOM COMMUNICATIONS INC CL A ZM 98980L101 $5.5M 1.12% 60,112 SH
18 BEONE MEDICINES LTD SPONSORED ADS ONC 07725L102 $5.4M 1.11% 14,800 SH
19 BLOOM ENERGY CORP COM CL A BE 093712107 $3.8M 0.78% 13,822 SH
20 NEBIUS GROUP N.V. SHS CLASS A NBIS N97284108 $3.6M 0.73% 15,100 SH
21 CENTRUS ENERGY CORP CL A LEU 15643U104 $1.5M 0.30% 10,568 SH
22 OKLO INC COM CL A OKLO 02156V109 $1.4M 0.29% 38,021 SH
23 MOGU INC-ADR MOGU 608012308 $1.3M 0.26% 675,942 SH
24 ALNYLAM PHARMACEUTICALS INC ALNY 02043Q107 $1.1M 0.22% 4,360 SH
25 BIONTECH SE SPONSORED ADS BNTX 09075V102 $855.2K 0.18% 8,700 SH
26 GE VERNOVA INC GEV 36828A101 $775.6K 0.16% 816 SH
27 INTERNATIONAL BUSINESS MACHS IBM 459200101 $566.8K 0.12% 2,577 SH
28 PARAMOUNT SKYDANCE CORP COM CL B PSKY 69932A204 $554.0K 0.11% 53,628 SH
29 DOCUSIGN INC DOCU 256163106 $528.2K 0.11% 7,866 SH
30 ROBLOX CORP CL A RBLX 771049103 $432.6K 0.09% 10,211 SH
31 ASTERA LABS INC ALAB 04626A103 $432.5K 0.09% 1,215 SH
32 YOULIFE GROUP INC -ADR YOUL 98743K101 $423.0K 0.09% 1,000,000 SH
33 STRIVE INC CL A COM ASST 862945300 $374.9K 0.08% 12,749 SH
34 YUNJI INC-ADR YJ 98873N305 $362.6K 0.07% 208,383 SH
35 ACCENTURE PLC IRELAND SHS CLASS A ACN G1151C101 $116.6K 0.02% 636 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-16 $488.0M 35 0001193125-26-423333
2026-06-30 2026-07-17 $623.1M 34 0001193125-26-306709
2026-03-31 2026-04-16 $481.1M 36 0001193125-26-157768
2025-12-31 2026-01-16 $610.8M 50 0001193125-26-014749
Filer Information
Address
C/O MAPLES CORPORATE SERVICES LIMITED
UGLAND HOUSE
GRAND CAYMAN
Phone
852-3727-0300
Filing Manager
TB Alternative Assets Ltd.
HONG KONG, K3
Signatory
Shujun Li
Director