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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
+30.6%
1 Year Est. Return
+196.18%
3 Year Est. Return
+563.59%
5 Year Est. Return
+1,128.92%
10 Year Est. Return
–
AUM
$506M
AUM Growth
+$60.1M
Cap. Flow
-$15.8M
Cap. Flow %
-3.12%
Top 10 Hldgs %
94.63%
Holding
23
New
7
Increased
2
Reduced
2
Closed
6

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$109M
2
WDC icon
Western Digital
WDC
+$85.4M
3
AMD icon
Advanced Micro Devices
AMD
+$81.2M
4
SMCI icon
Super Micro Computer
SMCI
+$29.3M
5
COHR icon
Coherent
COHR
+$20.1M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$147M
2
EDU icon
New Oriental
EDU
+$93.3M
3
MRVL icon
Marvell Technology
MRVL
+$46.3M
4
GRAB icon
Grab
GRAB
+$30.6M
5
PDD icon
Pinduoduo
PDD
+$24.9M

Sector Composition

Rank Sector Weight
1 Technology 84.48%
2 Consumer Staples 8.77%
3 Communication Services 3.21%
4 Financials 1.59%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.19T
$139M 27.51%
+3,289,000
New +$109M
AMD icon
2
Advanced Micro Devices
AMD
$908B
$96.3M 19.04%
845,450
+780,500
+1,202% +$81.2M
WDC icon
3
Western Digital
WDC
$194B
$88M 17.4%
+3,068,827
New +$85.4M
SMCI icon
4
Super Micro Computer
SMCI
$20.9B
$43.7M 8.63%
+1,752,000
New +$29.3M
COHR icon
5
Coherent
COHR
$62.3B
$27.6M 5.45%
+540,939
New +$20.1M
TAL icon
6
TAL Education Group
TAL
$5.71B
$25M 4.94%
4,189,899
+706,409
+20% +$4.23M
EDU icon
7
New Oriental
EDU
$7.71B
$19.4M 3.83%
490,745
-2,332,923
-83% -$93.3M
WOLF icon
8
Wolfspeed
WOLF
$1.57B
$16.1M 3.19%
+290,300
New +$14.8M
DIS icon
9
Walt Disney
DIS
$168B
$12.5M 2.46%
139,600
– –
MU icon
10
Micron Technology
MU
$1.1T
$10.9M 2.17%
173,500
-2,279,800
-93% -$147M
OIH icon
11
VanEck Oil Services ETF
OIH
$2.04B
$9.89M 1.96%
34,400
– –
MSFT icon
12
Microsoft
MSFT
$2.89T
$5.47M 1.08%
+16,070
New +$5.04M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.24T
$3.75M 0.74%
+31,000
New +$3.59M
WFC icon
14
Wells Fargo
WFC
$263B
$2.15M 0.42%
50,300
– –
JPM icon
15
JPMorgan Chase
JPM
$926B
$2.12M 0.42%
14,600
– –
BAC icon
16
Bank of America
BAC
$433B
$1.91M 0.38%
66,500
– –
C icon
17
Citigroup
C
$224B
$1.88M 0.37%
40,800
– –
ATHM icon
18
Autohome
ATHM
$2.45B
– –
-137,200
Closed -$4.59M
BZ icon
19
Kanzhun
BZ
$6.82B
– –
-441,900
Closed -$8.41M
GRAB icon
20
Grab
GRAB
$14B
– –
-10,154,622
Closed -$30.6M
MRVL icon
21
Marvell Technology
MRVL
$192B
– –
-1,069,600
Closed -$46.3M
PDD icon
22
Pinduoduo
PDD
$118B
– –
-328,000
Closed -$24.9M
QCOM icon
23
Qualcomm
QCOM
$186B
– –
-109,500
Closed -$14M

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
AF
Apollon Financial Mount Pleasant, South Carolina $723M 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

FengHe Fund Management's Q2 2023 Portfolio in Review

As of Q2 2023, FengHe Fund Management held 23 positions worth $506M, up 13% from $446M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

FengHe Fund Management withdrew a net $15.8M in Q2 2023, closing 6 positions and reducing 2 holdings. Its most notable exit was Marvell Technology, an estimated $46.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 84% of assets, up from 55% a quarter earlier, followed by Consumer Staples and Communication Services.

Against the trend, FengHe Fund Management opened a new position in NVIDIA worth $139M.

  • FengHe Fund Management's largest Q2 2023 buy was NVIDIA: 3,289,000 shares worth $139M.
  • FengHe Fund Management added most to Advanced Micro Devices in Q2 2023, an estimated $81.2M increase.
  • FengHe Fund Management's biggest Q2 2023 reduction was Micron Technology, cutting an estimated $147M.
  • FengHe Fund Management fully exited Marvell Technology in Q2 2023, selling an estimated $46.3M.
  • FengHe Fund Management's ten largest holdings make up 95% of its $506M portfolio in Q2 2023.
  • FengHe Fund Management opened 7 new positions and closed 6 in Q2 2023.
  • FengHe Fund Management's portfolio value rose 13% quarter-over-quarter to $506M.

Based on FengHe Fund Management's 13F filing for Q2 2023, filed 3 Aug 2023.