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TB Alternative Assets Ltd. 13F Holdings & Position Changes (Q3 2026)
TB Alternative Assets Ltd.CIK: 0001483503
Sector-focusedMomentum followerHigh-turnover trader
Total reported value
$488.0M
Reporting period: 2026-09-30 · Number of holdings: 35
TB Alternative Assets Ltd. disclosed 35 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $488.0M and a quarterly turnover rate of 75.5%.
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Personality snowflake
- Concentration
- 38.84
- Portfolio Stability
- 75.46
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 70
- Sizing Uniformity
- 84.29
TB Alternative Assets Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.097 — mathematically equivalent to about 10 equally-sized positions, well below its 35 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 1.57), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd GOOG
+63.1% $32.3M
Add META
+2.3% $18.3M
Trim MRVL
-55.0% -$46.2M
Trim TSM
-46.6% -$37.0M
Trim SNDK
-37.9% -$34.0M
Add RKLB
+508.5% $17.0M
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 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 18.15% | +9.11% | +63.12% | |
| 2 | META | Meta Platforms Inc-class A | Stock-Comm Services | 15.52% | +6.29% | +2.35% | |
| 3 | INTC | Intel CORP | Stock-Tech | 13.05% | -0.10% | -9.79% | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 7.91% | -4.23% | -46.56% | |
| 5 | SNDK | Sandisk CORP | Stock-Tech | 6.31% | -4.08% | -37.89% | |
| 6 | MRVL | Marvell Technology Inc | Stock-Tech | 6.29% | -6.05% | -55.00% | |
| 7 | RKLB | Rocket Lab CORP | Stock-Industrials | 4.58% | +3.72% | +508.51% | |
| 8 | UGL | Proshares Ultra Gold | ETF-Commodities | 4.52% | +2.52% | +69.34% | |
| 9 | WDC | Western Digital CORP | Stock-Tech | 3.68% | -2.89% | -38.24% | |
| 10 | NU | Nu Holdings Ltd. | Stock-Financials | 2.97% | +1.06% | +28.85% | |
| 11 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.28% | +2.28% | NEW | |
| 12 | ✓ | Stock-Other | 2.14% | +2.14% | NEW | ||
| 13 | LITE | Lumentum Holdings Inc | Stock-Tech | 1.82% | +1.82% | NEW | |
| 14 | SY | So-young International-adr | Stock-Other | 1.68% | +0.95% | — | |
| 15 | AGQ | Proshares Ultra Silver | ETF-Commodities | 1.63% | +0.99% | +102.00% | |
| 16 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.55% | +1.55% | NEW | |
| 17 | ZM | Zoom Communications Inc | Stock-Tech | 1.12% | -0.55% | -50.00% | |
| 18 | ONC | Beone Medicines Ltd-adr | Stock-Other | 1.11% | +1.11% | NEW | |
| 19 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.78% | +0.78% | NEW | |
| 20 | NBIS | Nebius Group N.V. | Stock-Other | 0.73% | +0.73% | NEW | |
| 21 | LEU | Centrus Energy Corp-class A | Stock-Energy | 0.30% | -1.77% | -86.27% | |
| 22 | OKLO | Oklo Inc | Stock-Utilities | 0.29% | -0.03% | — | |
| 23 | MOGU | Mogu Inc-adr | Stock-Other | 0.26% | +0.08% | -1.20% | |
| 24 | ALNY | Alnylam Pharmaceuticals Inc | Stock-Healthcare | 0.22% | +0.22% | NEW | |
| 25 | BNTX | Biontech Se-adr | Stock-Other | 0.18% | +0.18% | NEW | |
| 26 | GEV | GE Vernova Inc | Stock-Industrials | 0.16% | -0.80% | -83.95% | |
| 27 | IBM | Intl Business Machines CORP | Stock-Tech | 0.12% | +0.12% | NEW | |
| 28 | PSKY | Paramount Skydance Cl B | Stock-Comm Services | 0.11% | -1.38% | -94.29% | |
| 29 | DOCU | Docusign Inc | Stock-Tech | 0.11% | +0.11% | NEW | |
| 30 | RBLX | Roblox CORP -class A | Stock-Comm Services | 0.09% | — | — | |
| 31 | ALAB | Astera Labs Inc | Stock-Tech | 0.09% | — | — | |
| 32 | YOUL | Youlife Group Inc -adr | Stock-Other | 0.09% | — | — | |
| 33 | ASST | Strive Inc-a | Stock-Other | 0.08% | +0.08% | NEW | |
| 34 | YJ | Yunji Inc-adr | Stock-Other | 0.07% | +0.06% | +548.40% | |
| 35 | ACN | Accenture plc | Stock-Tech | 0.02% | +0.02% | NEW |
Portfolio Performance
Performance for Q4 2026
+7.9%
Performance Last 4 Quarters
+0.1%
- Stdev
- +29.4%
- Beta
- +1.86
- Alpha
- -11.1%
- Max Drawdown
- -15.6%
- Annualized Perf
- +30.4%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.27
- Stutzer
- +0.32
- Treynor
- +0.17
- Sterling
- +1.23
- Calmar
- +1.95
- Information Ratio
- +0.38
- Tracking Error
- +21.5%
- Stdev Down
- +13.6%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +58.1%
- Worst 12 Months
- +0.1%
- Efficiency Ratio
- +0.46
- Sharpe
- +1.05
- Stdev Sectors
- +17.5%
- Skewness
- +0.52
- Kurtosis
- -0.31
- Upside Potential
- +4.36
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 35 | $488.0M | 75 | ||
| 2026 Q2 | 34 | $623.1M | 0 | ||
| 2026 Q1 | 36 | $481.1M | 98 | ||
| 2025 Q4 | 50 | $610.8M | 80 | ||
| 2025 Q3 | 48 | $668.4M | 100 | ||
| 2025 Q2 | 41 | $540.0M | 0 | ||
| 2025 Q1 | 44 | $430.4M | 100 | ||
| 2024 Q4 | 43 | $388.4M | 0 | ||
| 2024 Q3 | 40 | $421.4M | 0 | ||
| 2024 Q2 | 37 | $429.5M | 0 | ||
| 2024 Q1 | 40 | $399.4M | 0 | ||
| 2023 Q4 | 40 | $375.2M | 0 | ||
| 2023 Q3 | 40 | $368.3M | 0 | ||
| 2023 Q2 | 37 | $401.9M | 0 | ||
| 2023 Q1 | 40 | $405.6M | 0 | ||
| 2022 Q4 | 40 | $278.2M | 0 | ||
| 2022 Q3 | 42 | $277.4M | 0 | ||
| 2022 Q2 | 36 | $204.1M | 0 | ||
| 2022 Q1 | 38 | $291.2M | 0 | ||
| 2021 Q4 | 31 | $338.5M | 0 | ||
| 2021 Q3 | 32 | $430.5M | 0 | ||
| 2021 Q2 | 42 | $502.0M | 100 | ||
| 2021 Q1 | 38 | $531.0M | 96 | ||
| 2020 Q4 | 43 | $583.2M | 99 | ||
| 2020 Q3 | 42 | $468.8M | 57 | ||
| 2020 Q2 | 43 | $524.8M | 100 | ||
| 2020 Q1 | 44 | $397.9M | 80 | ||
| 2019 Q4 | 27 | $528.1M | 63 | ||
| 2019 Q3 | 26 | $455.9M | 55 | ||
| 2019 Q2 | 30 | $460.1M | 100 | ||
| 2019 Q1 | 22 | $344.9M | 87 | ||
| 2018 Q4 | 25 | $245.9M | 94 | ||
| 2018 Q3 | 21 | $270.4M | 44 | ||
| 2018 Q2 | 18 | $329.3M | 53 | ||
| 2018 Q1 | 22 | $242.4M | 50 | ||
| 2017 Q4 | 17 | $269.1M | 43 | ||
| 2017 Q3 | 15 | $277.8M | 100 | ||
| 2017 Q2 | 21 | $215.2M | 72 | ||
| 2017 Q1 | 16 | $139.1M | 80 | ||
| 2016 Q4 | 6 | $196.6M | 51 | ||
| 2016 Q3 | 5 | $166.2M | 92 | ||
| 2016 Q2 | 12 | $125.6M | 100 | ||
| 2016 Q1 | 9 | $93.8M | 81 | ||
| 2015 Q4 | 18 | $102.6M | 100 | ||
| 2015 Q3 | 15 | $73.5M | 62 | ||
| 2015 Q2 | 16 | $76.1M | 100 | ||
| 2015 Q1 | 18 | $126.4M | 48 | ||
| 2014 Q4 | 15 | $140.7M | 38 | ||
| 2014 Q3 | 16 | $151.6M | 41 | ||
| 2014 Q2 | 15 | $143.2M | 19 | ||
| 2014 Q1 | 12 | $135.3M | 27 | ||
| 2013 Q4 | 11 | $118.9M | 48 | ||
| 2013 Q3 | 11 | $106.9M | 33 | ||
| 2013 Q2 | 11 | $90.8M | 0 |
Holding changes this quarter
TB Alternative Assets Ltd.'s most significant position changes for 2026-09-30: Sold out: Pdd Holdings Inc (PDD); Sold out: Seagate Technology Holdings plc (STX); Sold out: Corning Inc (GLW); Sold out: Trip.com Group Ltd-adr (TCOM); Sold out: Coherent CORP (COHR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +9.1% | +63.12% | Add |
| 2 | META | Meta Platforms Inc-class A | +6.3% | +2.35% | Add |
| 3 | RKLB | Rocket Lab CORP | +3.7% | +508.51% | Add |
| 4 | UGL | Proshares Ultra Gold | +2.5% | +69.34% | Add |
| 5 | AMZN | Amazon.com Inc | +2.3% | NEW | New buy |
| 6 | ✓ | +2.1% | NEW | New buy | |
| 7 | LITE | Lumentum Holdings Inc | +1.8% | NEW | New buy |
| 8 | TSLA | Tesla Inc | +1.6% | NEW | New buy |
| 9 | ONC | Beone Medicines Ltd-adr | +1.1% | NEW | New buy |
| 10 | NU | Nu Holdings Ltd. | +1.1% | +28.85% | Add |
| 11 | AGQ | Proshares Ultra Silver | +1% | +102.00% | Add |
| 12 | SY | So-young International-adr | +1% | — | Unchanged |
| 13 | BE | Bloom Energy Corp- A | +0.8% | NEW | New buy |
| 14 | NBIS | Nebius Group N.V. | +0.7% | NEW | New buy |
| 15 | ALNY | Alnylam Pharmaceuticals Inc | +0.2% | NEW | New buy |
| 16 | BNTX | Biontech Se-adr | +0.2% | NEW | New buy |
| 17 | IBM | Intl Business Machines CORP | +0.1% | NEW | New buy |
| 18 | DOCU | Docusign Inc | +0.1% | NEW | New buy |
| 19 | ASST | Strive Inc-a | +0.1% | NEW | New buy |
| 20 | MOGU | Mogu Inc-adr | +0.1% | -1.20% | Trim |
| 21 | YJ | Yunji Inc-adr | +0.1% | +548.40% | Add |
| 22 | ACN | Accenture plc | 0% | NEW | New buy |
| 23 | ALAB | Astera Labs Inc | — | — | Unchanged |
| 24 | YOUL | Youlife Group Inc -adr | — | — | Unchanged |
| 25 | RBLX | Roblox CORP -class A | — | — | Unchanged |
| 26 | OKLO | Oklo Inc | 0% | — | Unchanged |
| 27 | AVGO | Broadcom Inc | -0.1% | EXIT | Sold out |
| 28 | INTC | Intel CORP | -0.1% | -9.79% | Trim |
| 29 | MRNA | Moderna Inc | -0.1% | EXIT | Sold out |
| 30 | TME | Tencent Music Entertainm-adr | -0.1% | EXIT | Sold out |
| 31 | NOK | Nokia Corp-spon Adr | -0.5% | EXIT | Sold out |
| 32 | YMM | Full Truck Alliance -spn Adr | -0.5% | EXIT | Sold out |
| 33 | ZM | Zoom Communications Inc | -0.6% | -50.00% | Trim |
| 34 | GEV | GE Vernova Inc | -0.8% | -83.95% | Trim |
| 35 | MU | Micron Technology Inc | -1% | EXIT | Sold out |
| 36 | UNH | Unitedhealth Group Inc | -1.1% | EXIT | Sold out |
| 37 | PSKY | Paramount Skydance Cl B | -1.4% | -94.29% | Trim |
| 38 | LEU | Centrus Energy Corp-class A | -1.8% | -86.27% | Trim |
| 39 | COHR | Coherent CORP | -1.8% | EXIT | Sold out |
| 40 | TCOM | Trip.com Group Ltd-adr | -1.8% | EXIT | Sold out |
| 41 | GLW | Corning Inc | -1.9% | EXIT | Sold out |
| 42 | STX | Seagate Technology Holdings plc | -2.3% | EXIT | Sold out |
| 43 | PDD | Pdd Holdings Inc | -2.8% | EXIT | Sold out |
| 44 | WDC | Western Digital CORP | -2.9% | -38.24% | Trim |
| 45 | SNDK | Sandisk CORP | -4.1% | -37.89% | Trim |
| 46 | TSM | Taiwan Semiconductor-sp Adr | -4.2% | -46.56% | Trim |
| 47 | MRVL | Marvell Technology Inc | -6.1% | -55.00% | Trim |
Filing History
FAQ
What is TB Alternative Assets Ltd. and what type of investor is it?
TB Alternative Assets Ltd. 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $488.0M, spread across 35 disclosed positions.
What are TB Alternative Assets Ltd.'s largest equity positions?
Based on the latest 13F filing, TB Alternative Assets Ltd.'s top holdings by market value are:
1. Alphabet Inc-cl C (GOOG) — $88.6M (18.1%)
2. Meta Platforms Inc-class A (META) — $75.7M (15.5%)
3. Intel CORP (INTC) — $63.7M (13.1%)
4. Taiwan Semiconductor-sp Adr (TSM) — $38.6M (7.9%)
5. Sandisk CORP (SNDK) — $30.8M (6.3%)
What changes did TB Alternative Assets Ltd. make in its most recent portfolio filing?
In the latest reported quarter, TB Alternative Assets Ltd. made 42 notable position adjustments: 13 new positions were initiated, 7 existing holdings were added to, 10 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Pdd Holdings Inc (PDD); Sold out: Seagate Technology Holdings plc (STX); Sold out: Corning Inc (GLW); Sold out: Trip.com Group Ltd-adr (TCOM); Sold out: Coherent CORP (COHR)
What sectors does TB Alternative Assets Ltd. focus on?
TB Alternative Assets Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 46.3%
• Communication Services: 38.7%
• Industrials: 6.3%
• Consumer Discretionary: 4.4%
• Financials: 3.4%
• Energy: 0.3%
Investment Profile
TB Alternative Assets Ltd. returned an annualized 30.4% over the trailing 36 months — underperforming the S&P 500 by 11.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.86 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 46.3% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 100 to 75 over the past 4 quarters — a shift toward longer holding periods.
It has added to its GOOG position over the past two quarters (+$64.5M, now $88.6M), while trimming LEU over the same stretch (-$17.6M, still holding $1.5M).
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Developer Access
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