IC
IDG China Venture Capital Fund IV Associates L.P.: 13F Stock Holdings & Portfolio (Q2 2026)
IDG China Venture Capital Fund IV Associates L.P.CIK: 0001609021
Concentrated strategySector-focusedLong-term holder
Total reported value
$147.3M
Reporting period: 2026-06-30 · Number of holdings: 4
IDG China Venture Capital Fund IV Associates L.P. disclosed 4 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $147.3M 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
- 8
- Sizing Uniformity
- 85.39
IDG China Venture Capital Fund IV Associates L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.650 — mathematically equivalent to about 2 equally-sized positions, well below its 4 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 1.46), 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 PDD
-13.5% -$63.3M
Add PONY
0.0% -$9.9M
Add LITB
0.0% $584.3K
Add G11448100
0.0% $659.2K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 78.39% | -3.13% | -13.47% | |
| 2 | PONY | Pony Ai Inc | Stock-Other | 18.83% | +1.65% | — | |
| 3 | LITB | Lightinthebox Holding-adr | Stock-Other | 1.80% | +0.86% | — | |
| 4 | ✓ | Bitdeer Technologies Group | Stock-Other | 0.98% | +0.62% | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-4%
Performance Last 4 Quarters
-29.6%
- Stdev
- +53.4%
- Beta
- +1.01
- Alpha
- -14.8%
- Max Drawdown
- -52.7%
- Annualized Perf
- -7.2%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +0.18
- Stutzer
- +0.03
- Treynor
- +0.05
- Sterling
- -0.15
- Calmar
- -0.14
- Information Ratio
- -0.28
- Tracking Error
- +51.8%
- Stdev Down
- +29.8%
- Winning Months %
- +41.7%
- Losing Months %
- +58.3%
- Best 12 Months
- +37.5%
- Worst 12 Months
- -34.5%
- Efficiency Ratio
- +0.05
- Sharpe
- +0.1
- Stdev Sectors
- 0%
- Skewness
- +1.11
- Kurtosis
- +1.29
- Upside Potential
- +2.34
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 4 | $147.3M | 0 | ||
| 2026 Q1 | 4 | $219.2M | 11 | ||
| 2025 Q4 | 4 | $233.5M | 69 | ||
| 2025 Q3 | 4 | $476.4M | 38 | ||
| 2025 Q2 | 4 | $408.0M | 0 | ||
| 2025 Q1 | 4 | $403.1M | 100 | ||
| 2024 Q4 | 4 | $430.7M | 0 | ||
| 2024 Q3 | 3 | $419.6M | 0 | ||
| 2024 Q2 | 4 | $436.6M | 0 | ||
| 2024 Q1 | 4 | $442.8M | 0 | ||
| 2023 Q4 | 4 | $694.3M | 0 | ||
| 2023 Q3 | 5 | $765.5M | 0 | ||
| 2023 Q2 | 5 | $577.0M | 0 | ||
| 2023 Q1 | 4 | $644.1M | 0 | ||
| 2022 Q4 | 4 | $688.3M | 0 | ||
| 2022 Q3 | 4 | $530.8M | 0 | ||
| 2022 Q2 | 4 | $523.0M | 0 | ||
| 2022 Q1 | 4 | $348.3M | 0 | ||
| 2021 Q4 | 4 | $500.3M | 0 | ||
| 2021 Q3 | 4 | $774.1M | 0 | ||
| 2021 Q2 | 5 | $1.1B | 100 | ||
| 2021 Q1 | 5 | $1.2B | 29 | ||
| 2020 Q4 | 5 | $1.7B | 69 | ||
| 2020 Q3 | 4 | $810.6M | 24 | ||
| 2020 Q2 | 4 | $857.9M | 81 | ||
| 2020 Q1 | 4 | $362.0M | 7 | ||
| 2019 Q4 | 3 | $377.4M | — |
Holding changes this quarter
IDG China Venture Capital Fund IV Associates L.P.'s most significant position changes for 2026-06-30: Trim: Pdd Holdings Inc (PDD) — shares -13.47%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PONY | Pony Ai Inc | +1.7% | — | Unchanged |
| 2 | LITB | Lightinthebox Holding-adr | +0.9% | — | Unchanged |
| 3 | ✓ | Bitdeer Technologies Group | +0.6% | — | Unchanged |
| 4 | PDD | Pdd Holdings Inc | -3.1% | -13.47% | Trim |
Filing History
FAQ
What is IDG China Venture Capital Fund IV Associates L.P. and what type of investor is it?
IDG China Venture Capital Fund IV 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 $147.3M, spread across 4 disclosed positions.
What are IDG China Venture Capital Fund IV Associates L.P.'s largest equity positions?
Based on the latest 13F filing, IDG China Venture Capital Fund IV Associates L.P.'s top holdings by market value are:
1. Pdd Holdings Inc (PDD) — $115.4M (78.4%)
2. Pony Ai Inc (PONY) — $27.7M (18.8%)
3. Lightinthebox Holding-adr (LITB) — $2.7M (1.8%)
4. Bitdeer Technologies Group — $1.4M (1.0%)
What changes did IDG China Venture Capital Fund IV Associates L.P. make in its most recent portfolio filing?
In the latest quarter, IDG China Venture Capital Fund IV Associates L.P. took a more defensive posture — trimming 1 positions and completely exiting 0 holdings. The largest of these moves: Trim: Pdd Holdings Inc (PDD) — shares -13.47%
What sectors does IDG China Venture Capital Fund IV Associates L.P. focus on?
IDG China Venture Capital Fund IV Associates L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 100.0%
Investment Profile
IDG China Venture Capital Fund IV Associates L.P. returned an annualized -7.2% over the trailing 36 months — underperforming the S&P 500 by 14.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.01 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 100.0% of the portfolio concentrated in Consumer Discretionary.
It has added to its LITB position over the past two quarters (+$638.3K, now $2.7M), while trimming PDD over the same stretch (-$82.9M, still holding $115.4M).
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Developer Access
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