TB Alternative Assets Ltd.

Registered adviser

CIK

1483503

Location

HONG KONG, K3

Portfolio Value

Small $487,458,499

Diversification

Diversified

Filing Date

Global Rank

#3,368 / 8,825 ▲ 270 · as of Jun 2026

Top Industry

Internet Content & Information 36.7%

Period ended 35 days ago

Filed Oct 16, 2026 · 19d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 162014

Roster of Nov 1, 2026

Regulatory AUM

$708,213,341

Main clients

Pooled investment vehicles (79% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$202,918,958 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 25, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$171,826,285 gross assets in 1 fund Hedge funds $171,826,285 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$708,213,341	Pooled investment vehicles (79%)
Apr 2025 to Mar 2026	$540,996,697	Pooled investment vehicles (76%)
Apr 2024 to Mar 2025	$445,633,162	Pooled investment vehicles (74%)
May 2023 to Mar 2024	$486,000,000	Pooled investment vehicles (50%)
Apr 2023	$486,000,000	Pooled investment vehicles (50%)
Apr 2022 to Mar 2023	$1,129,000,000	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 80.6% of the book (60%+)

Turnover

High turnover

163.2% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 4.3 quarters, but 0.9% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 81.9%; sector active share 48.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

35 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

18.2%

+5.0 pts

Top 5

61.0%

+3.7 pts

Top 10

84.7%

+4.1 pts

HHI

988

Diversified+149

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	40.6%	$197,717,881	11
Communication Services	34.5%	$168,287,267	5
Industrials	7.7%	$37,375,027	4
Unclassified	6.2%	$30,012,346	2
Consumer Cyclical	4.2%	$20,335,584	4
Healthcare	3.2%	$15,538,128	4
Financial Services	3.1%	$14,887,599	2
Energy	0.3%	$1,474,130	1
Utilities	0.3%	$1,407,537	1
Consumer Defensive	0.1%	$423,000	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
RKLB	Rocket Lab Corp	+268,000	320,703	$22,346,585
NU	Nu Holdings Ltd.	+256,700	1,146,339	$14,512,651
UGL		+197,440	482,176	$22,049,908
YJ	Yunji Inc.	+176,245	208,383	$362,586
GOOG	Alphabet Inc.	+100,567	259,901	$88,558,666
AGQ	ProShares Trust II	+60,100	119,020	$7,962,438
META	Meta Platforms, Inc.	+2,395	104,435	$75,734,173
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
MRVL	Marvell Technology, Inc.	−141,930	116,140	$30,685,349
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−73,746	84,644	$38,613,746
LEU	Centrus Energy Corp	−66,378	10,568	$1,474,130
ZM	Zoom Communications, Inc.	−60,112	60,112	$5,456,366
INTC	Intel Corp	−57,441	529,505	$63,662,386
WDC	Western Digital Corp	−24,495	39,557	$17,977,074
SNDK	Sandisk Corp	−10,792	17,692	$30,782,133
MOGU	MOGU Inc.	−8,194	675,942	$1,257,252
GEV	GE Vernova Inc.	−4,269	816	$775,599
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
AMZN	Amazon Com Inc	44,700	$11,137,005
SPCX	Space Exploration Technologies Corp	69,100	$10,424,426
LITE	Lumentum Holdings Inc.	9,160	$8,896,741
TSLA	Tesla, Inc.	21,360	$7,578,741
ONC	BeOne Medicines Ltd.	14,800	$5,415,912
BE	Bloom Energy Corp	13,822	$3,828,417
NBIS	Nebius Group N.V.	15,100	$3,561,788
ALNY	Alnylam Pharmaceuticals, Inc.	4,360	$1,075,786
BNTX	BioNTech SE	8,700	$855,210
IBM	International Business Machines Corp	2,577	$566,759
DOCU	Docusign, Inc.	7,866	$528,201
ASST	Strive, Inc.	12,749	$374,948
ACN	Accenture plc	636	$116,623
PSKY	Skydance Corp	53,628	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
PDD	PDD Holdings Inc.	230,128	$17,554,163
STX	Seagate Technology Holdings plc	14,652	$14,139,180
GLW	Corning Inc	46,800	$11,954,124
TCOM	Trip.com Group Ltd	287,220	$11,442,844
COHR	Coherent Corp.	28,939	$11,415,567
SKYD	Skydance Corp	939,682	$9,265,265
UNH	Unitedhealth Group Inc	15,675	$6,515,000
MU	Micron Technology Inc	5,280	$6,094,651
YMM	Full Truck Alliance Co. Ltd.	412,834	$3,352,212
NOK	Nokia Corp	242,550	$3,221,064
TME	Tencent Music Entertainment Group	83,350	$695,972
MRNA	Moderna, Inc.	8,700	$609,261
AVGO	Broadcom Inc.	1,152	$435,168
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

35 tracked positions · $487,458,499 total · filing declares 35 positions · $488,012,487 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOG	Alphabet Inc. Communication Services	Added	259,901	+100,567	$88,558,666	+57.3%	18.17%
META	Meta Platforms, Inc. Communication Services	Added	104,435	+2,395	$75,734,173	+31.8%	15.54%
INTC	Intel Corp Technology	Reduced	529,505	-57,441	$63,662,386	−22.3%	13.06%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	84,644	-73,746	$38,613,746	−49.0%	7.92%
SNDK	Sandisk Corp Technology	Reduced	17,692	-10,792	$30,782,133	−52.5%	6.31%
MRVL	Marvell Technology, Inc. Technology	Reduced	116,140	-141,930	$30,685,349	−60.1%	6.29%
RKLB	Rocket Lab Corp Industrials	Added	320,703	+268,000	$22,346,585	+317.1%	4.58%
UGL		Added	482,176	+197,440	$22,049,908	+76.5%	4.52%
WDC	Western Digital Corp Technology	Reduced	39,557	-24,495	$17,977,074	−56.1%	3.69%
NU	Nu Holdings Ltd. Financial Services	Added	1,146,339	+256,700	$14,512,651	+22.1%	2.98%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	44,700	NEW	$11,137,005	NEW	2.28%
SPCX	Space Exploration Technologies Corp Industrials	NEW	69,100	NEW	$10,424,426	NEW	2.14%
LITE	Lumentum Holdings Inc. Technology	NEW	9,160	NEW	$8,896,741	NEW	1.83%
SY	So-Young International Inc. Healthcare	Held	3,067,873	0	$8,191,220	+80.4%	1.68%
AGQ	ProShares Trust II	Added	119,020	+60,100	$7,962,438	+98.7%	1.63%
TSLA	Tesla, Inc. Consumer Cyclical	NEW	21,360	NEW	$7,578,741	NEW	1.55%
ZM	Zoom Communications, Inc. Technology	Reduced	60,112	-60,112	$5,456,366	−47.4%	1.12%
ONC	BeOne Medicines Ltd. Healthcare	NEW	14,800	NEW	$5,415,912	NEW	1.11%
BE	Bloom Energy Corp Industrials	NEW	13,822	NEW	$3,828,417	NEW	0.79%
NBIS	Nebius Group N.V. Communication Services	NEW	15,100	NEW	$3,561,788	NEW	0.73%
LEU	Centrus Energy Corp Energy	Reduced	10,568	-66,378	$1,474,130	−88.6%	0.30%
OKLO	Oklo Inc. Utilities	Held	38,021	0	$1,407,537	−29.3%	0.29%
MOGU	MOGU Inc. Consumer Cyclical	Reduced	675,942	-8,194	$1,257,252	+10.0%	0.26%
ALNY	Alnylam Pharmaceuticals, Inc. Healthcare	NEW	4,360	NEW	$1,075,786	NEW	0.22%
BNTX	BioNTech SE Healthcare	NEW	8,700	NEW	$855,210	NEW	0.18%
GEV	GE Vernova Inc. Industrials	Reduced	816	-4,269	$775,599	−87.0%	0.16%
IBM	International Business Machines Corp Technology	NEW	2,577	NEW	$566,759	NEW	0.12%
DOCU	Docusign, Inc. Technology	NEW	7,866	NEW	$528,201	NEW	0.11%
RBLX	Roblox Corp Communication Services	Held	10,211	0	$432,640	−22.1%	0.09%
ALAB	Astera Labs, Inc. Technology	Held	1,215	0	$432,503	−26.3%	0.09%
YOUL	Youlife Group Inc. Consumer Defensive	Held	1,000,000	0	$423,000	−24.7%	0.09%
ASST	Strive, Inc. Financial Services	NEW	12,749	NEW	$374,948	NEW	0.08%
YJ	Yunji Inc. Consumer Cyclical	Added	208,383	+176,245	$362,586	+694.5%	0.07%
ACN	Accenture plc Technology	NEW	636	NEW	$116,623	NEW	0.02%
PSKY	Skydance Corp Communication Services	NEW	53,628	NEW	$0	NEW	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.