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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
+29.43%
1 Year Est. Return
+196.18%
3 Year Est. Return
+563.59%
5 Year Est. Return
+1,128.92%
10 Year Est. Return
–
AUM
$570M
AUM Growth
+$149M
Cap. Flow
+$30M
Cap. Flow %
5.26%
Top 10 Hldgs %
85.46%
Holding
25
New
9
Increased
5
Reduced
2
Closed
6

Top Buys

Rank Stock Value
1
COHR icon
Coherent
COHR
+$46.6M
2
WOLF icon
Wolfspeed
WOLF
+$42.3M
3
AMD icon
Advanced Micro Devices
AMD
+$32M
4
TSM icon
TSMC
TSM
+$26.8M
5
QCOM icon
Qualcomm
QCOM
+$26.7M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$157M
2
MRVL icon
Marvell Technology
MRVL
+$38.6M
3
SMCI icon
Super Micro Computer
SMCI
+$10.6M
4
WDC icon
Western Digital
WDC
+$10.2M
5
U icon
Unity
U
+$5.9M

Sector Composition

Rank Sector Weight
1 Technology 85.59%
2 Consumer Staples 5.87%
3 Consumer Discretionary 4.86%
4 Communication Services 2.58%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COHR icon
1
Coherent
COHR
$61.1B
$115M 20.23%
2,647,526
+1,291,488
+95% +$46.6M
AMD icon
2
Advanced Micro Devices
AMD
$901B
$108M 18.97%
732,993
+271,700
+59% +$32M
WOLF icon
3
Wolfspeed
WOLF
$1.52B
$62.3M 10.93%
1,431,200
+1,165,600
+439% +$42.3M
ARM icon
4
Arm
ARM
$303B
$32.1M 5.63%
426,914
+56,351
+15% +$3.3M
TAL icon
5
TAL Education Group
TAL
$5.73B
$31.4M 5.51%
2,487,186
– –
QCOM icon
6
Qualcomm
QCOM
$185B
$31.2M 5.48%
+215,984
New +$26.7M
MU icon
7
Micron Technology
MU
$1.08T
$30M 5.27%
351,700
+194,800
+124% +$14.5M
TSM icon
8
TSMC
TSM
$2.18T
$29.2M 5.13%
+281,100
New +$26.8M
PDD icon
9
Pinduoduo
PDD
$119B
$27.7M 4.86%
+189,400
New +$23M
LITE icon
10
Lumentum
LITE
$64.6B
$19.5M 3.43%
+372,900
New +$16.3M
NVDA icon
11
NVIDIA
NVDA
$5.14T
$17.5M 3.07%
353,000
-3,379,000
-91% -$157M
DIS icon
12
Walt Disney
DIS
$166B
$14.7M 2.58%
162,800
– –
DQ
13
Daqo New Energy
DQ
$812M
$11.5M 2.02%
+431,586
New +$11M
WDC icon
14
Western Digital
WDC
$192B
$10.6M 1.86%
267,775
-292,109
-52% -$10.2M
DELL icon
15
Dell
DELL
$285B
$10.3M 1.81%
+134,946
New +$9.54M
IWM icon
16
iShares Russell 2000 ETF
IWM
$81.6B
$6.2M 1.09%
+30,900
New +$5.54M
OLED icon
17
Universal Display
OLED
$3.81B
$5.45M 0.96%
+28,500
New +$4.71M
MSFT icon
18
Microsoft
MSFT
$2.9T
$4.54M 0.8%
12,070
– –
EDU icon
19
New Oriental
EDU
$7.75B
$2.04M 0.36%
+27,800
New +$1.93M
GOOG icon
20
Alphabet (Google) Class C
GOOG
$4.17T
– –
-35,300
Closed -$4.65M
JPM icon
21
JPMorgan Chase
JPM
$926B
– –
-26,800
Closed -$3.89M
MRVL icon
22
Marvell Technology
MRVL
$189B
– –
-713,000
Closed -$38.6M
SMCI icon
23
Super Micro Computer
SMCI
$19.8B
– –
-385,000
Closed -$10.6M
U icon
24
Unity
U
$12.8B
– –
-187,900
Closed -$5.9M
WFC icon
25
Wells Fargo
WFC
$262B
– –
-92,200
Closed -$3.77M

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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 Q4 2023 Portfolio in Review

As of Q4 2023, FengHe Fund Management held 25 positions worth $570M, up 35% from $421M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

FengHe Fund Management deployed $30M of net new capital in Q4 2023, opening 9 new positions and adding to 5 existing holdings. Its largest new stake was TSMC: 281,100 shares worth $29.2M.

By sector, the portfolio is most concentrated in Technology at 86% of assets, down from 89% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.

On the sell side, the largest reduction was NVIDIA, an estimated $157M trimmed.

  • FengHe Fund Management's largest Q4 2023 buy was TSMC: 281,100 shares worth $29.2M.
  • FengHe Fund Management added most to Coherent in Q4 2023, an estimated $46.6M increase.
  • FengHe Fund Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $157M.
  • FengHe Fund Management fully exited Marvell Technology in Q4 2023, selling an estimated $38.6M.
  • FengHe Fund Management's ten largest holdings make up 85% of its $570M portfolio in Q4 2023.
  • FengHe Fund Management opened 9 new positions and closed 6 in Q4 2023.
  • FengHe Fund Management's portfolio value rose 35% quarter-over-quarter to $570M.

Based on FengHe Fund Management's 13F filing for Q4 2023, filed 22 Jan 2024.