1y return−5.0%S&P 500 +20.9%
3y return+76.3%S&P 500 +68.5%
5y return−5.9%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 September 30, 2017: $169 against $297 in the S&P 500.2
TB Alternative Assets Ltd.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 |
|---|---|---|---|
| INTCIntel Corp | $82.0M | 13.2% | +106.5% |
| MRVLMarvell Technology Inc | $76.9M | 12.3% | New |
| TSMTaiwan Semiconductor Manufact Sponsored Ads | $75.6M | 12.1% | +486.6% |
| SNDKSandisk Corp | $64.8M | 10.4% | New |
| METAMeta Platforms Inc Cl A | $57.5M | 9.2% | −24.4% |
| GOOGAlphabet Inc Cap Stk Cl C | $56.3M | 9.0% | +90.4% |
| WDCWestern Digital Corp | $40.9M | 6.6% | New |
| PDDPdd Holdings Inc Sponsored Ads | $17.6M | 2.8% | −32.4% |
| Seagate Technology Hldngs PLC Ord ShsCUSIP G7997R103 | $14.1M | 2.3% | New |
| LEUCentrus Energy Corp Cl A | $12.9M | 2.1% | −30.0% |
| UGLProshares Tr II Ultra Gold | $12.5M | 2.0% | −59.2% |
| GLWCorning Inc | $12.0M | 1.9% | New |
| Nu Hldgs Ltd Ord Shs Cl ACUSIP G6683N103 | $11.9M | 1.9% | New |
| TCOMTrip Com Group Ltd Ads | $11.4M | 1.8% | −11.9% |
| COHRCoherent Corp | $11.4M | 1.8% | New |
| ZMZoom Communications Inc Cl A | $10.4M | 1.7% | New |
| SKYDParamount Skydance Corp Com Cl B | $9.3M | 1.5% | +23.9% |
| UNHUnitedhealth Group Inc | $6.5M | 1.0% | −66.8% |
| MUMicron Technology Inc | $6.1M | 1.0% | New |
| GEVGe Vernova Inc | $6.0M | 1.0% | New |
| RKLBRocket Lab Corp | $5.4M | 0.9% | −85.3% |
| SYSo-young International-adr | $4.5M | 0.7% | |
| AGQProshares Tr II Ultra Silver New | $4.0M | 0.6% | +112.2% |
| YMMFull Truck Alliance Co Ltd Sponsored Ads | $3.4M | 0.5% | −11.9% |
| NOKNokia Corp Sponsored Adr | $3.2M | 0.5% | −83.1% |
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 |
|---|---|---|---|
| GOOGAlphabet Inc Cap Stk Cl C | September 30, 2023 | +168.0% | $56.3M |
| LEUCentrus Energy Corp Cl A | December 31, 2024 | +152.0% | $12.9M |
| RKLBRocket Lab Corp | September 30, 2025 | +112.2% | $5.4M |
| PDDPdd Holdings Inc Sponsored Ads | March 31, 2022 | +90.2% | $17.6M |
| NOKNokia Corp Sponsored Adr | March 31, 2026 | +65.2% | $3.2M |
| TSMTaiwan Semiconductor Manufact Sponsored Ads | December 31, 2025 | +57.2% | $75.6M |
| UNHUnitedhealth Group Inc | March 31, 2026 | +53.6% | $6.5M |
| YMMFull Truck Alliance Co Ltd Sponsored Ads | March 31, 2023 | +6.7% | $3.4M |
| METAMeta Platforms Inc Cl A | March 31, 2025 | −2.3% | $57.5M |
| TMETencent Music Entmt Group Spon Ads | March 31, 2024 | −25.4% | $696K |
Sold off last quarter
- FIGRFigure Technology Solutio Com Cl A was $33.9M
- OXYOccidental Pete Corp was $33.5M
- AEMAgnico Eagle Mines Ltd was $20.3M
- SQQQProshares Tr Ultrapro Short was $17.8M
- LMNDLemonade Inc was $14.8M
- Exxon Mobil CorpCUSIP 30231G102 was $13.5M
- LNGCheniere Energy Inc Com New was $9.1M
- MPMp Materials Corp Com Cl A was $6.2M
- EQTEqt Corp was $4.9M
- ETEnergy Transfer L P Com Ut Ltd Ptn was $4.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −4.4% | +14.8% |
| March 31, 2026 | −8.4% | −4.6% |
| December 31, 2025 | −7.6% | +2.4% |
| September 30, 2025 | +17.4% | +7.8% |
| June 30, 2025 | +28.8% | +10.5% |
| March 31, 2025 | −3.3% | −4.6% |
| December 31, 2024 | +6.8% | +2.1% |
| September 30, 2024 | +1.4% | +5.4% |
| June 30, 2024 | +4.0% | +4.0% |
| March 31, 2024 | +3.7% | +10.0% |
| December 31, 2023 | +24.9% | +11.2% |
| September 30, 2023 | +2.0% | −3.6% |
| June 30, 2023 | +3.2% | +8.3% |
| March 31, 2023 | +21.8% | +7.0% |
| December 31, 2022 | −5.4% | +7.1% |
| September 30, 2022 | −2.4% | −5.3% |
| June 30, 2022 | +6.7% | −16.5% |
| March 31, 2022 | −31.7% | −4.9% |
| December 31, 2021 | −14.6% | +10.7% |
| September 30, 2021 | −26.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: TB Alternative Assets Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1483503&type=13F-HR&dateb=&owner=include&count=40CIK 1483503
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1483503/000119312526306709/Filed July 17, 2026 · accession 0001193125-26-306709