IDG China Capital Fund III Associates L.P.
CIK
1649614
Location
CENTRAL HONG KONG, F4
Portfolio Value
Small
$868,321,582
Diversification
Highly concentrated
Filing Date
Global Rank
#1,650
/ 8,232
▲ 225
Top Industry
Capital Markets
98.9%
3Y Alpha vs SPY
-52.2%
Period ended 2 months ago
Filed May 1, 2026 · 43d
6 quarters · since Dec 2024
Clone Performance
Feb 2025–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-43.5%
SPY
+23.4%
Annualised alpha
-52.2%
Max drawdown
−78.7%
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
98.9%
+0.3 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
9,789
Highly concentrated+57
Portfolio Trend
6 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 100.0% | $868,321,582 |
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. | −961,985 | 9,003,674 | $859,040,536 | |
| 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 ·
$868,321,582 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CRCL |
Circle Internet Group, Inc.
Financial Services
|
Reduced | 9,003,674 | $859,040,536 | 98.93% | |
| WDH |
Waterdrop Inc.
Financial Services
|
Held | 5,729,041 | $9,281,046 | 1.07% |