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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
-2.61%
1 Year Est. Return
+196.18%
3 Year Est. Return
+563.59%
5 Year Est. Return
+1,128.92%
10 Year Est. Return
–
AUM
$421M
AUM Growth
-$84.8M
Cap. Flow
-$78.4M
Cap. Flow %
-18.62%
Top 10 Hldgs %
92.37%
Holding
20
New
3
Increased
6
Reduced
7
Closed
4

Top Buys

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$42.1M
2
COHR icon
Coherent
COHR
+$33.5M
3
ARM icon
Arm
ARM
+$20.5M
4
NVDA icon
NVIDIA
NVDA
+$19.8M
5
U icon
Unity
U
+$7.24M

Top Sells

Rank Stock Value
1
WDC icon
Western Digital
WDC
+$79.1M
2
AMD icon
Advanced Micro Devices
AMD
+$41.7M
3
SMCI icon
Super Micro Computer
SMCI
+$38.1M
4
EDU icon
New Oriental
EDU
+$19.4M
5
TAL icon
TAL Education Group
TAL
+$11.9M

Sector Composition

Rank Sector Weight
1 Technology 88.56%
2 Consumer Staples 5.38%
3 Communication Services 4.24%
4 Financials 1.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.14T
$162M 38.56%
3,732,000
+443,000
+13% +$19.8M
AMD icon
2
Advanced Micro Devices
AMD
$901B
$47.4M 11.27%
461,293
-384,157
-45% -$41.7M
COHR icon
3
Coherent
COHR
$61.1B
$44.3M 10.51%
1,356,038
+815,099
+151% +$33.5M
MRVL icon
4
Marvell Technology
MRVL
$189B
$38.6M 9.17%
+713,000
New +$42.1M
TAL icon
5
TAL Education Group
TAL
$5.73B
$22.7M 5.38%
2,487,186
-1,702,713
-41% -$11.9M
ARM icon
6
Arm
ARM
$303B
$19.8M 4.71%
+370,563
New +$20.5M
WDC icon
7
Western Digital
WDC
$192B
$19.3M 4.59%
559,884
-2,508,943
-82% -$79.1M
DIS icon
8
Walt Disney
DIS
$166B
$13.2M 3.13%
162,800
+23,200
+17% +$1.98M
MU icon
9
Micron Technology
MU
$1.08T
$10.7M 2.54%
156,900
-16,600
-10% -$1.11M
SMCI icon
10
Super Micro Computer
SMCI
$19.8B
$10.6M 2.51%
385,000
-1,367,000
-78% -$38.1M
WOLF icon
11
Wolfspeed
WOLF
$1.52B
$10.1M 2.4%
265,600
-24,700
-9% -$1.29M
U icon
12
Unity
U
$12.8B
$5.9M 1.4%
+187,900
New +$7.24M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.17T
$4.65M 1.11%
35,300
+4,300
+14% +$559K
JPM icon
14
JPMorgan Chase
JPM
$926B
$3.89M 0.92%
26,800
+12,200
+84% +$1.83M
MSFT icon
15
Microsoft
MSFT
$2.9T
$3.81M 0.91%
12,070
-4,000
-25% -$1.32M
WFC icon
16
Wells Fargo
WFC
$262B
$3.77M 0.89%
92,200
+41,900
+83% +$1.81M
BAC icon
17
Bank of America
BAC
$432B
– –
-66,500
Closed -$1.91M
C icon
18
Citigroup
C
$222B
– –
-40,800
Closed -$1.88M
EDU icon
19
New Oriental
EDU
$7.75B
– –
-490,745
Closed -$19.4M
OIH icon
20
VanEck Oil Services ETF
OIH
$2.04B
– –
-34,400
Closed -$9.89M

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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
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 Q3 2023 Portfolio in Review

As of Q3 2023, FengHe Fund Management held 20 positions worth $421M, down 17% from $506M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

FengHe Fund Management withdrew a net $78.4M in Q3 2023, closing 4 positions and reducing 7 holdings. Its most notable exit was New Oriental, an estimated $19.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 89% of assets, up from 84% a quarter earlier, followed by Consumer Staples and Communication Services.

Against the trend, FengHe Fund Management opened a new position in Marvell Technology worth $38.6M.

  • FengHe Fund Management's largest Q3 2023 buy was Marvell Technology: 713,000 shares worth $38.6M.
  • FengHe Fund Management added most to Coherent in Q3 2023, an estimated $33.5M increase.
  • FengHe Fund Management's biggest Q3 2023 reduction was Western Digital, cutting an estimated $79.1M.
  • FengHe Fund Management fully exited New Oriental in Q3 2023, selling an estimated $19.4M.
  • FengHe Fund Management's ten largest holdings make up 92% of its $421M portfolio in Q3 2023.
  • FengHe Fund Management opened 3 new positions and closed 4 in Q3 2023.
  • FengHe Fund Management's portfolio value fell 17% quarter-over-quarter to $421M.

Based on FengHe Fund Management's 13F filing for Q3 2023, filed 19 Oct 2023.