IDG China Capital Fund GP III Associates Ltd.
CIK
1649611
Location
CENTRAL HONG KONG, F4
Portfolio Value
Small
$113,183,558
Diversification
Highly concentrated
Filing Date
Global Rank
#5,424
/ 8,614
▲ 357
· as of Mar 2026
Top Industry
Capital Markets
99.6%
3Y Alpha vs SPY
-8.6%
Period ended 4 months ago
Filed May 1, 2026 · 3mo
2 quarters · since Dec 2025
Clone Performance
Feb 2026–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+9.2%
SPY
+11.0%
Annualised alpha
-4.9%
Max drawdown
−52.8%
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
2 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
99.6%
+0.1 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
9,919
Highly concentrated+22
Portfolio Trend
2 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 100.0% | $113,183,558 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CRCL | Circle Internet Group, Inc. | −126,233 | 1,181,478 | $112,724,815 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
2 positions ·
$113,183,558 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CRCL |
Circle Internet Group, Inc.
Financial Services
|
Reduced | 1,181,478 | $112,724,815 | 99.59% | |
| WDH |
Waterdrop Inc.
Financial Services
|
Held | 283,175 | $458,743 | 0.41% |