TB Alternative Assets Ltd.

CIK

1483503

Location

HONG KONG, K3

Portfolio Value

Micro $27,931,507

Diversification

Diversified

Filing Date

Global Rank

#2,679 / 8,232 ▼ 95

Top Industry

Internet Content & Information 20.0%

3Y Alpha vs SPY

+7.3%

Period ended 2 months ago

Filed Apr 16, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+110.4%

SPY

+76.5%

Annualised alpha

+7.3%

Max drawdown

−26.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

32 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

19.6%

−5.4 pts

Top 5

51.4%

−6.7 pts

Top 10

72.7%

−6.3 pts

HHI

792

Diversified−233

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	22.2%	$87,300,391	7
Communication Services	21.6%	$84,954,784	3
Consumer Cyclical	13.7%	$53,964,487	5
Financial Services	12.3%	$48,643,922	2
Technology	10.0%	$39,259,339	6
Basic Materials	7.1%	$27,931,507	3
Industrials	5.9%	$23,068,016	1
Healthcare	5.4%	$21,142,811	2
Utilities	0.9%	$3,492,859	1
Unclassified	0.8%	$3,318,195	1
Consumer Defensive	0.2%	$975,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
PSKY	Paramount Skydance Corp	+369,000	758,191	$6,838,882
FIGR	Figure Technology Solutions, Inc.	+315,765	997,433	$33,862,850
RKLB	Rocket Lab Corp	+281,003	359,203	$23,068,016
TCOM	Trip.com Group Ltd	+235,600	325,920	$16,227,556
LEU	Centrus Energy Corp	+18,888	109,860	$19,070,597
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+17,400	27,000	$9,124,650
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	−952,421	284,271	$12,544,879
AEM	Agnico Eagle Mines Ltd	−129,557	100,073	$20,312,817
MP	MP Materials Corp. / DE	−50,510	129,376	$6,243,685
META	Meta Platforms, Inc.	−38,186	135,000	$77,237,550
CEG	Constellation Energy Corp	−14,734	12,508	$3,492,859
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
OXY	Occidental Petroleum Corp /De/	514,702	$33,455,630
LMND	Lemonade, Inc.	235,818	$14,781,072
XOM	Exxon Mobil Corp	79,653	$13,513,927
UNH	Unitedhealth Group Inc	47,184	$12,767,518
NOK	Nokia Corp	1,436,969	$11,553,230
LNG	Cheniere Energy, Inc.	31,966	$9,070,672
EQT	EQT Corp	77,095	$4,906,325
ET	Energy Transfer LP	251,006	$4,844,415
AGQ	ProShares Trust II	27,765	$3,318,195
EPD	Enterprise Products Partners L.P.	64,451	$2,438,825
LITE	Lumentum Holdings Inc.	2,266	$1,592,454
CHWY	Chewy, Inc.	51,372	$1,387,044
CF	CF Industries Holdings, Inc.	10,590	$1,375,005
AXTI	Axt Inc	9,760	$556,124
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MSTR	Strategy Inc	132,801	$20,179,111
DHI	Horton D R Inc /De/	138,614	$19,964,574
AAPL	Apple Inc.	72,024	$19,580,444
NVO	Novo Nordisk A S	266,165	$13,542,475
SNOW	Snowflake Inc.	45,768	$10,039,668
AVGO	Broadcom Inc.	16,120	$5,579,132
TAL	TAL Education Group	400,810	$4,372,837
TSLA	Tesla, Inc.	8,508	$3,826,217
U	Unity Software Inc.	65,846	$2,908,417
SHOP	Shopify Inc.	17,074	$2,748,401
JEF	Jefferies Financial Group Inc.	35,234	$2,183,450
APP	AppLovin Corp	1,221	$822,734
CRM	Salesforce, Inc.	2,813	$745,191
MU	Micron Technology Inc	2,400	$684,984
DB	Deutsche Bank Aktiengesellschaft	14,807	$570,957
PLTR	Palantir Technologies Inc.	2,900	$515,475
TPL	Texas Pacific Land Corp	1,650	$473,913
AMD	Advanced Micro Devices Inc	2,200	$471,152
ALNY	Alnylam Pharmaceuticals, Inc.	1,133	$450,537
CNH	CNH Industrial N.V.	46,709	$430,656
SPOT	Spotify Technology S.A.	720	$418,111
BE	Bloom Energy Corp	4,803	$417,332
IDXX	Idexx Laboratories Inc /De	615	$416,065
LB	LandBridge Co LLC	8,141	$398,827
GS	Goldman Sachs Group Inc	447	$392,913
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

3 positions · $27,931,507 total · Basic Materials only · as of Mar 31, 2026

All sectors Basic Materials 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
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	100,073	-129,557	$20,312,817	−47.8%	72.72%
MP	MP Materials Corp. / DE Basic Materials	Reduced	129,376	-50,510	$6,243,685	−31.3%	22.35%
CF	CF Industries Holdings, Inc. Basic Materials	NEW	10,590	NEW	$1,375,005	NEW	4.92%