IDG China Capital Fund GP III Associates Ltd.
Long book
$113.2M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
-32.2%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsIDG China Capital Fund GP III Associates Ltd. is a diversified fundamental manager, specialised in financials (100% of the long book), running a $113.2M US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CIRCLE INTERNET GROUP INC, WATERDROP INC.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+20.1%
Q1 2026
-32.2%
Sector allocation
Financials 100%
Long book by quarter
What does IDG China own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRCL CIRCLE INTERNET GROUP INC | Financials | 1.2M | $112.7M | 99.6% | -9.7% |