Arbo · 13F Signal Engine

☆First Beijing Investment Ltd

CIK 0001701717 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe

Quality Q

0.922

AUM ($M)

2,444

Positions

Turnover

0.17

Top-10 wt

100%

Herfindahl

0.226

History (qtrs)

Excess Return

—

No AI Eval requested yet for this fund.

Ticker	Name	Activity	Security Type	Weight	Δ Weight	Value ($M)	Shares	Δ Shares	Qtrs Held	Excess Return
☆YMM funds ›	FULL TRUCK ALLIANCE CO LTD	ADD	—	30.5%	-1.7%	745.3	91,790,875	+1,789,980	5	—
☆PDD funds ›	PDD HOLDINGS INC	ADD	—	29.3%	-6.6%	715.3	9,377,416	+1,228,254	5	—
☆EDU funds ›	NEW ORIENTAL ED & TECHNOLOGY	TRIM	—	16.4%	-5.6%	401.0	8,733,979	-261,279	5	—
☆SE funds ›	SEA LTD	ADD	—	12.2%	+11.4%	297.9	3,109,067	+2,900,104	2	—
☆FUTU funds ›	FUTU HLDGS LTD	NEW	—	5.3%	+5.3%	129.3	1,379,102	+1,379,102	1	—
☆RLX funds ›	RLX TECHNOLOGY INC	TRIM	—	4.7%	-1.1%	113.7	59,821,839	-307,832	5	—
☆KSPI funds ›	KASPI KZ JSC	TRIM	—	1.5%	+0.1%	36.8	424,613	-9,737	3	—
☆ZH funds ›	ZHIHU INC	HOLD	—	0.1%	+0.0%	1.7	551,048	+0	2	—
☆BZUN funds ›	BAOZUN INC	TRIM	—	0.1%	+0.0%	1.2	432,828	-11,500	2	—
☆DDL funds ›	DINGDONG CAYMAN LTD	TRIM	—	0.0%	-0.0%	1.2	622,432	-223,520	2	—
☆NOAH funds ›	NOAH HLDGS LTD	TRIM	—	0.0%	-0.0%	0.4	38,595	-97,393	5	—
☆LEGN funds ›	LEGEND BIOTECH CORP	EXIT	—	0.0%	-1.8%	0.0	0	-2,296,335	0	—
☆API funds ›	AGORA INC	EXIT	—	0.0%	-0.0%	0.0	0	-7,700	0	—

Each row is this fund as of that period, not as of today — what the scoring for that quarter actually saw.

Period	AUM ($M)	Positions	Turnover	Top-10 wt	Herfindahl	Quality Q	Skill	Universe
2026Q2	2,444	11	0.17	100%	0.226	0.921	—	in
2026Q1	2,319	12	0.09	100%	0.285	0.957	—	in
2025Q4	2,536	8	0.04	100%	0.257	0.968	—	in
2025Q3	2,590	8	0.08	100%	0.265	0.956	—	in
2025Q2	1,787	9	0.09	100%	0.238	0.952	—	entered
2025Q1	1,457	8	0.00	100%	0.218	0.000	—	out

Long US-equity 13F disclosures only · up to 45-day reporting lag · sells = reduce/avoid, not short. JSON: /api/signals · /api/funds · /api/status