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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
-9.61%
1 Year Est. Return
+196.18%
3 Year Est. Return
+563.59%
5 Year Est. Return
+1,128.92%
10 Year Est. Return
–
AUM
$267M
AUM Growth
-$72.2M
Cap. Flow
-$45.5M
Cap. Flow %
-17.04%
Top 10 Hldgs %
70.44%
Holding
31
New
16
Increased
3
Reduced
5
Closed
6

Top Buys

Rank Stock Value
1
VRT icon
Vertiv
VRT
+$49.2M
2
OLED icon
Universal Display
OLED
+$44.1M
3
CFLT
Confluent
CFLT
+$16M
4
QCOM icon
Qualcomm
QCOM
+$15.8M
5
GEHC icon
GE HealthCare
GEHC
+$14.7M

Top Sells

Rank Stock Value
1
TSM icon
TSMC
TSM
+$58.2M
2
BABA icon
Alibaba
BABA
+$51.3M
3
AMD icon
Advanced Micro Devices
AMD
+$40.4M
4
TAL icon
TAL Education Group
TAL
+$38.4M
5
NTES icon
NetEase
NTES
+$29M

Sector Composition

Rank Sector Weight
1 Technology 60.24%
2 Industrials 12.52%
3 Communication Services 7.88%
4 Consumer Discretionary 6.4%
5 Healthcare 5.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OLED icon
1
Universal Display
OLED
$3.81B
$41.1M 15.43%
+295,000
New +$44.1M
VRT icon
2
Vertiv
VRT
$116B
$33.4M 12.52%
+462,450
New +$49.2M
TSM icon
3
TSMC
TSM
$2.18T
$24.5M 9.19%
147,600
-299,500
-67% -$58.2M
QCOM icon
4
Qualcomm
QCOM
$185B
$14.9M 5.59%
+97,100
New +$15.8M
NVDA icon
5
NVIDIA
NVDA
$5.14T
$13.8M 5.18%
127,600
+69,715
+120% +$8.84M
GEHC icon
6
GE HealthCare
GEHC
$27.9B
$13.8M 5.16%
+170,600
New +$14.7M
CFLT
7
DELISTED
Confluent
CFLT
$13M 4.87%
+554,136
New +$16M
BTDR icon
8
Bitdeer Technologies
BTDR
$2.98B
$11.8M 4.41%
1,332,200
+853,300
+178% +$12.7M
RBLX icon
9
Roblox
RBLX
$35.5B
$11M 4.13%
+188,900
New +$11.9M
TAL icon
10
TAL Education Group
TAL
$5.73B
$10.6M 3.96%
800,021
-3,079,483
-79% -$38.4M
NKE icon
11
Nike
NKE
$62.6B
$10.2M 3.81%
+160,200
New +$11.8M
BEKE icon
12
KE Holdings
BEKE
$17.8B
$7.89M 2.96%
+392,500
New +$7.78M
AMD icon
13
Advanced Micro Devices
AMD
$901B
$7.42M 2.78%
72,200
-363,500
-83% -$40.4M
U icon
14
Unity
U
$12.8B
$7.16M 2.69%
365,600
+147,500
+68% +$3.33M
BABA icon
15
Alibaba
BABA
$279B
$6.9M 2.59%
52,200
-445,200
-90% -$51.3M
EPAM icon
16
EPAM Systems
EPAM
$4.52B
$6.53M 2.45%
+38,700
New +$8.53M
NTES icon
17
NetEase
NTES
$77.6B
$5.56M 2.08%
54,000
-288,600
-84% -$29M
ARM icon
18
Arm
ARM
$303B
$5.34M 2%
+50,000
New +$6.97M
DQ
19
Daqo New Energy
DQ
$812M
$4.64M 1.74%
256,076
– –
BZ icon
20
Kanzhun
BZ
$6.88B
$4.46M 1.67%
+232,800
New +$3.79M
INTC icon
21
Intel
INTC
$516B
$3.12M 1.17%
+137,600
New +$3.01M
SNDK
22
Sandisk
SNDK
$237B
$2.54M 0.95%
+53,266
New +$2.65M
DDOG icon
23
Datadog
DDOG
$87.5B
$2.45M 0.92%
+24,700
New +$3.12M
WDC icon
24
Western Digital
WDC
$192B
$2.34M 0.88%
+57,900
New +$2.75M
COIN icon
25
Coinbase
COIN
$43.8B
$2.33M 0.87%
+13,500
New +$3.27M
1
2

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AGAM
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VCM
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PPW
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TFHU
TLT Family Holdco ULC Toronto $724M 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
ZDA
Zweig-DiMenna Associates New York $722M AUM 97.69% 1-Year Est. Return

FengHe Fund Management's Q1 2025 Portfolio in Review

As of Q1 2025, FengHe Fund Management held 31 positions worth $267M, down 21% from $339M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

FengHe Fund Management withdrew a net $45.5M in Q1 2025, closing 6 positions and reducing 5 holdings. Its most notable exit was Corning, an estimated $27.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 60% of assets, down from 64% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, FengHe Fund Management opened a new position in Vertiv worth $33.4M.

  • FengHe Fund Management's largest Q1 2025 buy was Vertiv: 462,450 shares worth $33.4M.
  • FengHe Fund Management added most to Bitdeer Technologies in Q1 2025, an estimated $12.7M increase.
  • FengHe Fund Management's biggest Q1 2025 reduction was TSMC, cutting an estimated $58.2M.
  • FengHe Fund Management fully exited Corning in Q1 2025, selling an estimated $27.6M.
  • FengHe Fund Management's ten largest holdings make up 70% of its $267M portfolio in Q1 2025.
  • FengHe Fund Management opened 16 new positions and closed 6 in Q1 2025.
  • FengHe Fund Management's portfolio value fell 21% quarter-over-quarter to $267M.

Based on FengHe Fund Management's 13F filing for Q1 2025, filed 13 May 2025.