Tb Alternative Assets Ltd.
- Regulatory AUM
- $708M
- Discretionary
- $708M
- Clients
- 3
- Avg AUM / client
- $236M
- Accounts
- 3
- Employees
- 14
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 26, 2026
Investments (13F portfolio — 34 positions, $623,051,692)
13F period Jun 30, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Intel Corp | COM | $81,955,270 | 586,946 | 13.2% | 11.6% |
| 2 | Marvell Technology Inc | COM | $76,876,472 | 258,070 | 12.3% | 10.9% |
| 3 | Taiwan Semiconductor Manufact Sponsored Ads | SPONSORED ADS | $75,642,312 | 158,390 | 12.1% | 10.7% |
| 4 | Sandisk Corp | COM | $64,764,925 | 28,484 | 10.4% | 9.14% |
| 5 | Meta Platforms Inc Cl A | CL A | $57,478,112 | 102,040 | 9.23% | 8.12% |
| 6 | Alphabet Inc Cap Stk Cl C | CAP STK CL C | $56,297,482 | 159,334 | 9.04% | 7.95% |
| 7 | Western Digital Corp | COM | $40,911,293 | 64,052 | 6.57% | 5.78% |
| 8 | Pdd Holdings Inc Sponsored Ads | SPONSORED ADS | $17,554,164 | 230,128 | 2.82% | 2.48% |
| 9 | Seagate Technology Hldngs Plc Ord Shs | ORD SHS | $14,139,180 | 14,652 | 2.27% | 2.0% |
| 10 | Centrus Energy Corp Cl A | CL A | $12,916,925 | 76,946 | 2.07% | 1.82% |
| 11 | Proshares Tr Ii Ultra Gold | ULTRA GOLD | $12,491,368 | 284,736 | 2.0% | 1.76% |
| 12 | Corning Inc | COM | $11,954,124 | 46,800 | 1.92% | 1.69% |
| 13 | Nu Hldgs Ltd Ord Shs Cl A | ORD SHS CL A | $11,885,577 | 889,639 | 1.91% | 1.68% |
| 14 | Trip Com Group Ltd Ads | ADS | $11,442,845 | 287,220 | 1.84% | 1.62% |
| 15 | Coherent Corp | COM | $11,415,567 | 28,939 | 1.83% | 1.61% |
| 16 | Zoom Communications Inc Cl A | CL A | $10,376,533 | 120,224 | 1.67% | 1.47% |
| 17 | Paramount Skydance Corp Com Cl B | COM CL B | $9,265,265 | 939,682 | 1.49% | 1.31% |
| 18 | Unitedhealth Group Inc | COM | $6,515,000 | 15,675 | 1.05% | 0.92% |
| 19 | Micron Technology Inc | COM | $6,094,651 | 5,280 | 0.98% | 0.86% |
| 20 | Ge Vernova Inc | COM | $5,974,163 | 5,085 | 0.96% | 0.84% |
| 21 | Rocket Lab Corp | COM | $5,357,260 | 52,703 | 0.86% | 0.76% |
| 22 | So Young International Adr | SPONSORED ADS | $4,540,452 | 3,067,873 | 0.73% | 0.64% |
| 23 | Proshares Tr Ii Ultra Silver New | ULTRA SILVER NEW | $4,007,149 | 58,920 | 0.64% | 0.57% |
| 24 | Full Truck Alliance Co Ltd Sponsored Ads | SPONSORED ADS | $3,352,212 | 412,834 | 0.54% | 0.47% |
| 25 | Nokia Corp Sponsored Adr | SPONSORED ADR | $3,221,064 | 242,550 | 0.52% | 0.45% |
Top 25 of 34 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $561M | 79.3% |
| State or municipal government entities | 1 | $147M | 20.7% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $172M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Trustbridge Select Opportunities Fund master | Hedge Fund | Cayman Islands | $172M | 21 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Li, Shujun | Director And Chief Executive Officer | Dec 2007 (19y) | ≈ 56.25% – 100% via Tbp Public Limited | |
| Lin, David | Chief Compliance Officer | Jun 2008 (18y) | Less than 5% | |
| Ge, Feng | Partner | Nov 2010 (16y) | Less than 5% | |
| Melen, Kimberly | Director | Aug 2022 (4y) | Less than 5% | |
| Campbell, Tanya Natasha | Director | Jun 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Tbp Public Limited | Shareholder | Sep 2012 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Li, Shujun: 75% – 100% of Tbp Public Limited × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $172M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Trustbridge Select Opportunities Fund | Hedge Fund | $172M | $5.0M | 21 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.27 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $708M (100% of AUM) Mar 2026
- State Street $98.0M (20% of AUM) Jun 2023
- Citibank $14.0M (3% of AUM) Jun 2023
- Pictet & Cie (Europe) S.A. $10.0M (1% of AUM) Oct 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗