1y return−29.7%S&P 500 +20.9%
3y return+0.5%S&P 500 +68.5%
5y return−43.9%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $43 against $200 in the S&P 500.2
IDG China Venture Capital Fund IV Associates L.P.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| PDDPdd Holdings Inc | $115.4M | 78.4% | −13.5% |
| PONYPony Ai Inc | $27.7M | 18.8% | |
| LITBLightinthebox Hldg Co Ltd | $2.7M | 1.8% | |
| Bitdeer Technologies GroupCUSIP G11448100 | $1.4M | 1.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Bitdeer Technologies GroupCUSIP G11448100 | June 30, 2023 | +41.7% | $1.4M |
| LITBLightinthebox Hldg Co Ltd | September 30, 2024 | +2.1% | $2.7M |
| PDDPdd Holdings Inc | June 30, 2020 | −11.1% | $115.4M |
| PONYPony Ai Inc | December 31, 2024 | −51.6% | $27.7M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −24.6% | +14.8% |
| March 31, 2026 | −13.3% | −4.6% |
| December 31, 2025 | −23.5% | +2.4% |
| September 30, 2025 | +40.6% | +7.8% |
| June 30, 2025 | +1.9% | +10.5% |
| March 31, 2025 | +1.3% | −4.6% |
| December 31, 2024 | −27.8% | +2.1% |
| September 30, 2024 | +1.3% | +5.4% |
| June 30, 2024 | +14.3% | +4.0% |
| March 31, 2024 | −20.6% | +10.0% |
| December 31, 2023 | +48.4% | +11.2% |
| September 30, 2023 | +40.8% | −3.6% |
| June 30, 2023 | −9.1% | +8.3% |
| March 31, 2023 | −6.4% | +7.0% |
| December 31, 2022 | +29.7% | +7.1% |
| September 30, 2022 | +1.5% | −5.3% |
| June 30, 2022 | +50.2% | −16.5% |
| March 31, 2022 | −30.4% | −4.9% |
| December 31, 2021 | −35.0% | +10.7% |
| September 30, 2021 | −26.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: IDG China Venture Capital Fund IV Associates L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1609021&type=13F-HR&dateb=&owner=include&count=40CIK 1609021
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1609021/000110465926092518/Filed August 7, 2026 · accession 0001104659-26-092518