NI
NetEase, Inc. — 13F Portfolio Analysis & Stock Picks (Q2 2026)
NetEase, Inc.CIK: 0001110646
Concentrated strategySector-focusedMomentum follower
Total reported value
$765.4M
Reporting period: 2026-06-30 · Number of holdings: 2
NetEase, Inc. disclosed 2 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $765.4M and a quarterly turnover rate of 21.6%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 21.58
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 4
- Sizing Uniformity
- 87.18
NetEase, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.911 — mathematically equivalent to about 1 equally-sized positions, well below its 2 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.28), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 97.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim PDD
+7.9% -$176.2M
Add DAO
0.0% $7.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 95.34% | -1.61% | +7.89% | |
| 2 | DAO | Youdao Inc - Adr | Stock-Other | 4.66% | +1.61% | — |
Portfolio Performance
Performance for Q3 2026
+3.2%
Performance Last 4 Quarters
-23.8%
- Stdev
- +71.7%
- Beta
- +1.67
- Alpha
- +44%
- Max Drawdown
- -40.3%
- Annualized Perf
- +77.3%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +4.01
- Stutzer
- +0.37
- Treynor
- +0.46
- Sterling
- +2.29
- Calmar
- +1.92
- Information Ratio
- +0.83
- Tracking Error
- +68.9%
- Stdev Down
- +19.3%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +754.3%
- Worst 12 Months
- -30%
- Efficiency Ratio
- +1.01
- Sharpe
- +1.08
- Stdev Sectors
- 0%
- Skewness
- +2.52
- Kurtosis
- +7.98
- Upside Potential
- +5.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 2 | $765.4M | 22 | ||
| 2026 Q1 | 2 | $934.5M | 74 | ||
| 2025 Q4 | 2 | $432.4M | 14 | ||
| 2025 Q3 | 2 | $498.7M | 100 | ||
| 2025 Q2 | 2 | $397.0M | 0 | ||
| 2025 Q1 | 1 | $22.1M | 0 | ||
| 2024 Q4 | 1 | $21.4M | 0 | ||
| 2024 Q3 | 2 | $77.3M | 0 | ||
| 2024 Q2 | 2 | $173.1M | 0 | ||
| 2024 Q1 | 2 | $244.0M | 0 | ||
| 2023 Q4 | 2 | $151.4M | 0 | ||
| 2023 Q3 | 2 | $152.0M | 0 | ||
| 2023 Q2 | 2 | $104.4M | 0 | ||
| 2023 Q1 | 2 | $80.0M | 0 | ||
| 2022 Q4 | 2 | $52.6M | 0 | ||
| 2022 Q3 | 2 | $78.6M | 0 | ||
| 2022 Q2 | 2 | $130.6M | 0 |
Holding changes this quarter
NetEase, Inc.'s most significant position changes for 2026-06-30: Add: Pdd Holdings Inc (PDD) — shares +7.89%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DAO | Youdao Inc - Adr | +1.6% | — | Unchanged |
| 2 | PDD | Pdd Holdings Inc | -1.6% | +7.89% | Add |
Filing History
FAQ
What is NetEase, Inc. and what type of investor is it?
NetEase, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $765.4M, spread across 2 disclosed positions.
What are NetEase, Inc.'s largest equity positions?
Based on the latest 13F filing, NetEase, Inc.'s top holdings by market value are:
1. Pdd Holdings Inc (PDD) — $729.7M (95.3%)
2. Youdao Inc - Adr (DAO) — $35.6M (4.7%)
What changes did NetEase, Inc. make in its most recent portfolio filing?
In the latest quarter, NetEase, Inc. was primarily adding exposure — initiating 0 new positions and adding to 1 existing holdings. The largest of these moves: Add: Pdd Holdings Inc (PDD) — shares +7.89%
What sectors does NetEase, Inc. focus on?
NetEase, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 100.0%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
NetEase, Inc. returned an annualized 77.3% over the trailing 36 months — outperforming the S&P 500 by 44.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.67 (more volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 100.0% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
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Developer Access
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