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FFM

FengHe Fund Management Portfolio holdings

AUM $724M
1-Year Est. Return 196.18%
This Fund
S&P 500
This Quarter Est. Return
+3.63%
1 Year Est. Return
+196.18%
3 Year Est. Return
+563.59%
5 Year Est. Return
+1,128.92%
10 Year Est. Return
–
AUM
$394M
AUM Growth
+$139M
Cap. Flow
+$182M
Cap. Flow %
46.29%
Top 10 Hldgs %
98.53%
Holding
24
New
9
Increased
–
Reduced
2
Closed
12

Top Buys

Rank Stock Value
1
EDU icon
New Oriental
EDU
+$154M
2
GRAB icon
Grab
GRAB
+$87.1M
3
QCOM icon
Qualcomm
QCOM
+$44.5M
4
AVGO icon
Broadcom
AVGO
+$38.3M
5
MU icon
Micron Technology
MU
+$38.2M

Top Sells

Rank Stock Value
1
ON icon
ON Semiconductor
ON
+$58M
2
TAL icon
TAL Education Group
TAL
+$53.6M
3
BZ icon
Kanzhun
BZ
+$31.5M
4
LEGN icon
Legend Biotech
LEGN
+$26.1M
5
MRVL icon
Marvell Technology
MRVL
+$17M

Sector Composition

Rank Sector Weight
1 Technology 53.93%
2 Consumer Staples 42.53%
3 Consumer Discretionary 2.65%
4 Communication Services 0.89%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EDU icon
1
New Oriental
EDU
$7.75B
$149M 37.79%
+6,205,353
New +$154M
GRAB icon
2
Grab
GRAB
$13.7B
$75.6M 19.2%
+28,740,750
New +$87.1M
QCOM icon
3
Qualcomm
QCOM
$185B
$36.6M 9.3%
+324,100
New +$44.5M
AVGO icon
4
Broadcom
AVGO
$1.89T
$33.3M 8.46%
+750,000
New +$38.3M
MU icon
5
Micron Technology
MU
$1.08T
$33M 8.39%
+658,900
New +$38.2M
AMD icon
6
Advanced Micro Devices
AMD
$901B
$23M 5.85%
+363,200
New +$30.9M
TAL icon
7
TAL Education Group
TAL
$5.73B
$18.7M 4.74%
3,780,240
-10,801,201
-74% -$53.6M
PDD icon
8
Pinduoduo
PDD
$119B
$10.4M 2.65%
+166,500
New +$9.68M
ATVI
9
DELISTED
Activision Blizzard
ATVI
$5.01M 1.27%
67,400
– –
DIS icon
10
Walt Disney
DIS
$166B
$3.5M 0.89%
+37,100
New +$3.97M
U icon
11
Unity
U
$12.8B
$3.4M 0.86%
+106,800
New +$4.39M
WDC icon
12
Western Digital
WDC
$192B
$2.37M 0.6%
96,314
-43,659
-31% -$1.45M
API
13
Agora
API
$330M
– –
-649,980
Closed -$4.27M
ATHM icon
14
Autohome
ATHM
$2.48B
– –
-117,390
Closed -$4.62M
BEKE icon
15
KE Holdings
BEKE
$17.8B
– –
-182,500
Closed -$3.28M
BZ icon
16
Kanzhun
BZ
$6.88B
– –
-1,199,602
Closed -$31.5M
IGV icon
17
iShares Expanded Tech-Software Sector ETF
IGV
$13.2B
– –
-36,000
Closed -$1.94M
JD icon
18
JD.com
JD
$40.7B
– –
-147,500
Closed -$9.47M
LEGN icon
19
Legend Biotech
LEGN
$4.55B
– –
-475,263
Closed -$26.1M
MRVL icon
20
Marvell Technology
MRVL
$189B
– –
-391,500
Closed -$17M
NFLX icon
21
Netflix
NFLX
$285B
– –
-391,000
Closed -$6.84M
ON icon
22
ON Semiconductor
ON
$35.9B
– –
-1,153,200
Closed -$58M
SE icon
23
Sea Limited
SE
$64.2B
– –
-84,100
Closed -$5.62M
TSM icon
24
TSMC
TSM
$2.18T
– –
-64,500
Closed -$5.27M

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AGAM
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VCM
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PPW
Pasadena Private Wealth Pasadena, California $723M AUM 18.72% 1-Year Est. Return
TFHU
TLT Family Holdco ULC Toronto $724M AUM 24.23% 1-Year Est. Return
AF
Apollon Financial Mount Pleasant, South Carolina $723M AUM 24.23% 1-Year Est. Return
ZAM
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FAN
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F
FIFTHDELTA London, United Kingdom $725M AUM 11.7% 1-Year Est. Return

FengHe Fund Management's Q3 2022 Portfolio in Review

As of Q3 2022, FengHe Fund Management held 24 positions worth $394M, up 54% from $255M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

FengHe Fund Management deployed $182M of net new capital in Q3 2022, opening 9 new positions. Its largest new stake was New Oriental: 6,205,353 shares worth $149M.

By sector, the portfolio is most concentrated in Technology at 54% of assets, up from 37% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.

On the sell side, the largest reduction was TAL Education Group, an estimated $53.6M trimmed.

  • FengHe Fund Management's largest Q3 2022 buy was New Oriental: 6,205,353 shares worth $149M.
  • FengHe Fund Management's biggest Q3 2022 reduction was TAL Education Group, cutting an estimated $53.6M.
  • FengHe Fund Management fully exited ON Semiconductor in Q3 2022, selling an estimated $58M.
  • FengHe Fund Management's ten largest holdings make up 99% of its $394M portfolio in Q3 2022.
  • FengHe Fund Management opened 9 new positions and closed 12 in Q3 2022.
  • FengHe Fund Management's portfolio value rose 54% quarter-over-quarter to $394M.

Based on FengHe Fund Management's 13F filing for Q3 2022, filed 4 Nov 2022.