We are live on ! Find out more
FFM

FengHe Fund Management Portfolio holdings

AUM $724M
1-Year Est. Return 196.18%
This Fund
S&P 500
This Quarter Est. Return
+38.11%
1 Year Est. Return
+196.18%
3 Year Est. Return
+563.59%
5 Year Est. Return
+1,128.92%
10 Year Est. Return
–
AUM
$1.1B
AUM Growth
+$485M
Cap. Flow
+$182M
Cap. Flow %
16.6%
Top 10 Hldgs %
54.28%
Holding
38
New
16
Increased
10
Reduced
7
Closed
3

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$62.1M
2
LITE icon
Lumentum
LITE
+$55M
3
ADI icon
Analog Devices
ADI
+$48.5M
4
TTMI icon
TTM Technologies
TTMI
+$43.7M
5
BA icon
Boeing
BA
+$37M

Top Sells

Rank Stock Value
1
ALAB icon
Astera Labs
ALAB
+$141M
2
CRDO icon
Credo Technology Group
CRDO
+$64.5M
3
APP icon
Applovin
APP
+$40M
4
OLED icon
Universal Display
OLED
+$35.5M
5
U icon
Unity
U
+$24.5M

Sector Composition

Rank Sector Weight
1 Technology 77.64%
2 Materials 7.29%
3 Industrials 5.15%
4 Financials 5.12%
5 Consumer Discretionary 2.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.13T
$98.8M 9.02%
353,900
+253,800
+254% +$62.1M
AMD icon
2
Advanced Micro Devices
AMD
$817B
$91.7M 8.37%
566,700
-6,300
-1% -$1.02M
LITE icon
3
Lumentum
LITE
$54.9B
$71.8M 6.55%
+441,100
New +$55M
ALAB icon
4
Astera Labs
ALAB
$54.8B
$63.4M 5.79%
324,000
-856,848
-73% -$141M
TTMI icon
5
TTM Technologies
TTMI
$13.5B
$54.1M 4.94%
+940,071
New +$43.7M
ADI icon
6
Analog Devices
ADI
$185B
$49.6M 4.53%
+201,900
New +$48.5M
COHR icon
7
Coherent
COHR
$54.2B
$42.6M 3.89%
395,400
+53,000
+15% +$5.28M
MRVL icon
8
Marvell Technology
MRVL
$169B
$42.1M 3.84%
500,600
-173,900
-26% -$12.8M
NVDA icon
9
NVIDIA
NVDA
$5.02T
$41.5M 3.79%
222,500
+67,000
+43% +$11.7M
INTC icon
10
Intel
INTC
$487B
$39.1M 3.57%
+1,164,300
New +$28.2M
B
11
Barrick Mining
B
$58.4B
$38.4M 3.51%
1,172,300
+190,800
+19% +$4.84M
APH icon
12
Amphenol
APH
$188B
$38.2M 3.49%
308,600
+185,300
+150% +$20.3M
CIEN icon
13
Ciena
CIEN
$55B
$36.5M 3.33%
+250,400
New +$25.5M
BA icon
14
Boeing
BA
$169B
$35.4M 3.23%
+163,900
New +$37M
GLW icon
15
Corning
GLW
$136B
$33.3M 3.04%
+406,000
New +$26.5M
FUTU icon
16
Futu Holdings
FUTU
$13.7B
$32.5M 2.96%
+186,800
New +$31M
ALB icon
17
Albemarle
ALB
$14.1B
$25.8M 2.35%
317,785
-207,231
-39% -$16M
CDNS icon
18
Cadence Design Systems
CDNS
$101B
$24.3M 2.22%
69,300
– –
COIN icon
19
Coinbase
COIN
$42.3B
$23.6M 2.15%
69,900
+38,000
+119% +$12.9M
BABA icon
20
Alibaba
BABA
$282B
$23.4M 2.14%
131,200
+83,600
+176% +$11M
CRDO icon
21
Credo Technology Group
CRDO
$38.8B
$22.4M 2.04%
153,500
-527,055
-77% -$64.5M
HII icon
22
Huntington Ingalls Industries
HII
$10.7B
$21M 1.92%
+73,000
New +$19.5M
AMAT icon
23
Applied Materials
AMAT
$445B
$20M 1.82%
+97,500
New +$17.7M
U icon
24
Unity
U
$13.2B
$17.9M 1.64%
447,602
-660,100
-60% -$24.5M
FNV icon
25
Franco-Nevada
FNV
$38.2B
$15.7M 1.43%
+70,400
New +$12.7M
1
2

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
UW
Unique Wealth Clearwater, Florida $723M AUM 16.35% 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

FengHe Fund Management's Q3 2025 Portfolio in Review

As of Q3 2025, FengHe Fund Management held 38 positions worth $1.1B, up 80% from $610M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

FengHe Fund Management deployed $182M of net new capital in Q3 2025, opening 16 new positions and adding to 10 existing holdings. Its largest new stake was Lumentum: 441,100 shares worth $71.8M.

By sector, the portfolio is most concentrated in Technology at 78% of assets, down from 81% a quarter earlier, followed by Materials and Industrials.

On the sell side, the largest reduction was Astera Labs, an estimated $141M trimmed.

  • FengHe Fund Management's largest Q3 2025 buy was Lumentum: 441,100 shares worth $71.8M.
  • FengHe Fund Management added most to TSMC in Q3 2025, an estimated $62.1M increase.
  • FengHe Fund Management's biggest Q3 2025 reduction was Astera Labs, cutting an estimated $141M.
  • FengHe Fund Management fully exited Universal Display in Q3 2025, selling an estimated $35.5M.
  • FengHe Fund Management's ten largest holdings make up 54% of its $1.1B portfolio in Q3 2025.
  • FengHe Fund Management opened 16 new positions and closed 3 in Q3 2025.
  • FengHe Fund Management's portfolio value rose 80% quarter-over-quarter to $1.1B.

Based on FengHe Fund Management's 13F filing for Q3 2025, filed 24 Oct 2025.