IC
IDG China Capital Fund III Associates L.P. 13F Holdings Tracker (Q2 2026)
IDG China Capital Fund III Associates L.P.CIK: 0001649614
Concentrated strategySector-focusedLong-term holder
Total reported value
$564.0M
Reporting period: 2026-06-30 · Number of holdings: 2
IDG China Capital Fund III Associates L.P. disclosed 2 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $564.0M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 4
- Sizing Uniformity
- 86.18
IDG China Capital Fund III Associates L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.977 — mathematically equivalent to about 1 equally-sized positions, well below its 2 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.38), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim CRCL
-1.1% -$301.5M
Add WDH
0.0% -$2.8M
Holdings Map
New buyAddUnchangedTrim
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CRCL | Circle Internet Group Inc | Stock-Financials | 98.85% | -0.08% | -1.13% | |
| 2 | WDH | Waterdrop Inc | Stock-Other | 1.15% | +0.08% | — |
Portfolio Performance
Performance for Q3 2026
-23%
Performance Last 4 Quarters
-32%
- Stdev
- +117.1%
- Beta
- +3.02
- Alpha
- -30.8%
- Max Drawdown
- -62.1%
- Annualized Perf
- -26.6%
- Batting Avg vs S&P
- +50%
- Sortino
- +0.42
- Stutzer
- +0.07
- Treynor
- +0.09
- Sterling
- -0.42
- Calmar
- -0.43
- Information Ratio
- +0.07
- Tracking Error
- +113.2%
- Stdev Down
- +64.6%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- +17.4%
- Worst 12 Months
- -47.5%
- Efficiency Ratio
- +0.09
- Sharpe
- +0.23
- Stdev Sectors
- 0%
- Skewness
- +1.17
- Kurtosis
- +2.16
- Upside Potential
- +2.28
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
IDG China Capital Fund III Associates L.P.'s most significant position changes for 2026-06-30: Trim: Circle Internet Group Inc (CRCL) — shares -1.13%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | WDH | Waterdrop Inc | +0.1% | — | Unchanged |
| 2 | CRCL | Circle Internet Group Inc | -0.1% | -1.13% | Trim |
Filing History
FAQ
What is IDG China Capital Fund III Associates L.P. and what type of investor is it?
IDG China Capital Fund III Associates L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $564.0M, spread across 2 disclosed positions.
What are IDG China Capital Fund III Associates L.P.'s largest equity positions?
Based on the latest 13F filing, IDG China Capital Fund III Associates L.P.'s top holdings by market value are:
1. Circle Internet Group Inc (CRCL) — $557.5M (98.8%)
2. Waterdrop Inc (WDH) — $6.5M (1.1%)
What changes did IDG China Capital Fund III Associates L.P. make in its most recent portfolio filing?
In the latest quarter, IDG China Capital Fund III Associates L.P. took a more defensive posture — trimming 1 positions and completely exiting 0 holdings. The largest of these moves: Trim: Circle Internet Group Inc (CRCL) — shares -1.13%
What sectors does IDG China Capital Fund III Associates L.P. focus on?
IDG China Capital Fund III Associates L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 100.0%
Investment Profile
IDG China Capital Fund III Associates L.P. returned an annualized -26.6% over the trailing 18 months — underperforming the S&P 500 by 30.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 3.02 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 100.0% of the portfolio concentrated in Financials.
It has trimmed its WDH position for two straight quarters, cutting it by $4.4M while still holding $6.5M.
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Developer Access
Access IDG China Capital Fund III Associates L.P.'s institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/idg-china-capital-fund-iii-associates-l-pCLI
npx alphasmo institutions get idg-china-capital-fund-iii-associates-l-p