IDG China Venture Capital Fund IV Associates L.P.
Venture CapitalCIK
1609021
Location
HONG KONG, K3
Portfolio Value
Small
$217,164,117
Diversification
Highly concentrated
Filing Date
Global Rank
#3,696
/ 8,232
▲ 101
Top Industry
Internet Retail
82.3%
3Y Alpha vs SPY
-17.5%
Period ended 2 months ago
Filed May 1, 2026 · 44d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+10.3%
SPY
+76.3%
Annualised alpha
-17.5%
Max drawdown
−53.6%
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
3 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
82.3%
−3.4 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
7,073
Highly concentrated−460
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 82.3% | $178,715,783 |
| Technology | 17.7% | $38,448,334 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PONY | Pony AI Inc. | +1,773,000 | 3,989,250 | $37,658,520 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
3 positions ·
$217,164,117 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PDD |
PDD Holdings Inc.
Consumer Cyclical
|
Held | 1,749,029 | $178,715,783 | 82.30% | |
| PONY |
Pony AI Inc.
Technology
|
Added | 3,989,250 | $37,658,520 | 17.34% | |
| BTDR |
Bitdeer Technologies Group
Technology
|
Held | 91,308 | $789,814 | 0.36% |