# TB Alternative Assets Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1483503. Source: https://holderbook.com/funds/1483503-tb-alternative-assets-ltd/

- Reported value: $623.1M
- Positions: 34
- Weight of the ten largest: 80.0%
- Filed: 2026-07-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $82.0M | 586,946 | 13.2% | 5 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $76.9M | 258,070 | 12.3% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $75.6M | 158,390 | 12.1% | 3 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $64.8M | 28,484 | 10.4% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $57.5M | 102,040 | 9.2% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $56.3M | 159,334 | 9.0% | 12 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $40.9M | 64,052 | 6.6% | 1 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $17.6M | 230,128 | 2.8% | 18 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $14.1M | 14,652 | 2.3% | 1 |
| CENTRUS ENERGY CORP | [LEU](https://holderbook.com/stocks/LEU/) | $12.9M | 76,946 | 2.1% | 7 |
| PROSHARES TR II | [UGL](https://holderbook.com/stocks/UGL/) | $12.5M | 284,736 | 2.0% | 2 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $12.0M | 46,800 | 1.9% | 1 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $11.9M | 889,639 | 1.9% | 1 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $11.4M | 287,220 | 1.8% | 4 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $11.4M | 28,939 | 1.8% | 1 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $10.4M | 120,224 | 1.7% | 1 |
| PARAMOUNT SKYDANCE CORP | [PSKY](https://holderbook.com/stocks/PSKY/) | $9.3M | 939,682 | 1.5% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.5M | 15,675 | 1.0% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.1M | 5,280 | 1.0% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $6.0M | 5,085 | 1.0% | 1 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $5.4M | 52,703 | 0.9% | 4 |
| SO YOUNG INTERNATIONAL INC | [SY](https://holderbook.com/stocks/SY/) | $4.5M | 3,067,873 | 0.7% | 27 |
| PROSHARES TR II | [AGQ](https://holderbook.com/stocks/AGQ/) | $4.0M | 58,920 | 0.6% | 2 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $3.4M | 412,834 | 0.5% | 14 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $3.2M | 242,550 | 0.5% | 2 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $2.0M | 38,021 | 0.3% | 1 |
| MOGU INC | [MOGU](https://holderbook.com/stocks/MOGU/) | $1.1M | 684,136 | 0.2% | 18 |
| TENCENT MUSIC ENTMT GROUP | [TME](https://holderbook.com/stocks/TME/) | $696.0K | 83,350 | 0.1% | 10 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $609.3K | 8,700 | 0.1% | 1 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $586.9K | 1,215 | 0.1% | 1 |
| YOULIFE GROUP INC | [YOUL](https://holderbook.com/stocks/YOUL/) | $562.0K | 1,000,000 | 0.1% | 3 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $555.3K | 10,211 | 0.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $435.2K | 1,152 | 0.1% | 1 |
| YUNJI INC | [YJ](https://holderbook.com/stocks/YJ/) | $45.6K | 32,138 | 0.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +1.4% | +14.8% | -13.5% | 100% |
| Q1 2026 | -8.4% | -4.6% | -3.8% | 100% |
| Q4 2025 | -7.6% | +2.4% | -10.0% | 99% |
| Q3 2025 | +17.4% | +7.8% | +9.6% | 100% |
| Q2 2025 | +30.3% | +10.5% | +19.8% | 100% |
| Q1 2025 | -3.4% | -4.6% | +1.2% | 100% |
| Q4 2024 | +5.8% | +2.1% | +3.7% | 100% |
| Q3 2024 | +1.4% | +5.4% | -4.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $623.1M | 34 |
| Q1 2026 | $481.1M | 36 |
| Q4 2025 | $610.8M | 50 |
| Q3 2025 | $668.4M | 48 |
| Q2 2025 | $540.0M | 41 |
| Q1 2025 | $430.4M | 44 |
| Q4 2024 | $388.4M | 43 |
| Q3 2024 | $421.4M | 40 |
| Q2 2024 | $429.5M | 37 |
| Q1 2024 | $399.4M | 40 |
| Q4 2023 | $375.2M | 40 |
| Q3 2023 | $368.3M | 40 |