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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
+11.42%
1 Year Est. Return
+196.18%
3 Year Est. Return
+563.59%
5 Year Est. Return
+1,128.92%
10 Year Est. Return
–
AUM
$446M
AUM Growth
-$293M
Cap. Flow
-$378M
Cap. Flow %
-84.78%
Top 10 Hldgs %
95.84%
Holding
21
New
6
Increased
3
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$45M
2
MU icon
Micron Technology
MU
+$41.6M
3
TAL icon
TAL Education Group
TAL
+$15.3M
4
ATHM icon
Autohome
ATHM
+$4.62M
5
BAC icon
Bank of America
BAC
+$2.2M

Top Sells

Rank Stock Value
1
EDU icon
New Oriental
EDU
+$117M
2
AMD icon
Advanced Micro Devices
AMD
+$115M
3
QCOM icon
Qualcomm
QCOM
+$98.9M
4
BIDU icon
Baidu
BIDU
+$61.2M
5
PDD icon
Pinduoduo
PDD
+$44M

Sector Composition

Rank Sector Weight
1 Technology 55.04%
2 Consumer Staples 29.48%
3 Communication Services 6.05%
4 Consumer Discretionary 5.59%
5 Financials 1.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
1
Micron Technology
MU
$1.11T
$148M 33.22%
2,453,300
+709,400
+41% +$41.6M
EDU icon
2
New Oriental
EDU
$7.8B
$109M 24.47%
2,823,668
-2,883,918
-51% -$117M
MRVL icon
3
Marvell Technology
MRVL
$184B
$46.3M 10.39%
+1,069,600
New +$45M
GRAB icon
4
Grab
GRAB
$13.4B
$30.6M 6.86%
10,154,622
-9,309,901
-48% -$30.9M
PDD icon
5
Pinduoduo
PDD
$117B
$24.9M 5.59%
328,000
-487,000
-60% -$44M
TAL icon
6
TAL Education Group
TAL
$5.71B
$22.3M 5.01%
3,483,490
+2,119,104
+155% +$15.3M
DIS icon
7
Walt Disney
DIS
$161B
$14M 3.14%
139,600
+21,500
+18% +$2.17M
QCOM icon
8
Qualcomm
QCOM
$178B
$14M 3.14%
109,500
-795,700
-88% -$98.9M
OIH icon
9
VanEck Oil Services ETF
OIH
$2.04B
$9.53M 2.14%
34,400
– –
BZ icon
10
Kanzhun
BZ
$6.82B
$8.41M 1.89%
441,900
– –
AMD icon
11
Advanced Micro Devices
AMD
$876B
$6.37M 1.43%
64,950
-1,417,550
-96% -$115M
ATHM icon
12
Autohome
ATHM
$2.43B
$4.59M 1.03%
+137,200
New +$4.62M
C icon
13
Citigroup
C
$220B
$1.91M 0.43%
+40,800
New +$2M
JPM icon
14
JPMorgan Chase
JPM
$924B
$1.9M 0.43%
+14,600
New +$2M
BAC icon
15
Bank of America
BAC
$427B
$1.9M 0.43%
+66,500
New +$2.2M
WFC icon
16
Wells Fargo
WFC
$260B
$1.88M 0.42%
+50,300
New +$2.19M
BABA icon
17
Alibaba
BABA
$273B
– –
-41,900
Closed -$3.69M
BIDU icon
18
Baidu
BIDU
$36B
– –
-535,100
Closed -$61.2M
EL icon
19
Estee Lauder
EL
$28.7B
– –
-48,400
Closed -$12M
IGV icon
20
iShares Expanded Tech-Software Sector ETF
IGV
$12.8B
– –
-176,500
Closed -$9.03M
SE icon
21
Sea Limited
SE
$61.4B
– –
-60,200
Closed -$3.13M

Similar funds

AGAM
Avalon Global Asset Management San Francisco, California $724M AUM 52.97% 1-Year Est. Return
VCM
Vivaldi Capital Management Chicago, Illinois $723M AUM 30.89% 1-Year Est. Return
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
ZAM
Zevin Asset Management Boston, Massachusetts $723M AUM 15.62% 1-Year Est. Return
FAN
Financial Advisors Network Tustin, California $724M AUM 14.91% 1-Year Est. Return
F
FIFTHDELTA London, United Kingdom $725M AUM 11.7% 1-Year Est. Return
ZDA
Zweig-DiMenna Associates New York $722M AUM 97.69% 1-Year Est. Return

FengHe Fund Management's Q1 2023 Portfolio in Review

As of Q1 2023, FengHe Fund Management held 21 positions worth $446M, down 40% from $739M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

FengHe Fund Management withdrew a net $378M in Q1 2023, closing 5 positions and reducing 5 holdings. Its most notable exit was Baidu, an estimated $61.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 55% of assets, up from 47% a quarter earlier, followed by Consumer Staples and Communication Services.

Against the trend, FengHe Fund Management opened a new position in Marvell Technology worth $46.3M.

  • FengHe Fund Management's largest Q1 2023 buy was Marvell Technology: 1,069,600 shares worth $46.3M.
  • FengHe Fund Management added most to Micron Technology in Q1 2023, an estimated $41.6M increase.
  • FengHe Fund Management's biggest Q1 2023 reduction was New Oriental, cutting an estimated $117M.
  • FengHe Fund Management fully exited Baidu in Q1 2023, selling an estimated $61.2M.
  • FengHe Fund Management's ten largest holdings make up 96% of its $446M portfolio in Q1 2023.
  • FengHe Fund Management opened 6 new positions and closed 5 in Q1 2023.
  • FengHe Fund Management's portfolio value fell 40% quarter-over-quarter to $446M.

Based on FengHe Fund Management's 13F filing for Q1 2023, filed 20 Apr 2023.