CIK: 0001660531
Total reported value
$723.6M
Reporting period: 2026-03-31 · Number of holdings: 31
FengHe Fund Management Pte. Ltd. disclosed 31 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $723.6M and a quarterly turnover rate of 134.8%.
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FengHe Fund Management Pte. Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.068 — mathematically equivalent to about 15 equally-sized positions, well below its 31 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.07), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 3.5 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Trim GOOGL
-75.1% -$125.6M
Trim CIEN
-86.5% -$119.9M
Add ASML
+155.8% $21.9M
Trim ALNY
-85.1% -$76.2M
Trim AVGO
-79.5% -$81.6M
Add SITM
-16.1% -$8.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MKSI | Mks INC | Stock-Tech | 14.49% | +14.49% | NEW | |
| 2 | BWXT | Bwx Technologies INC | Stock-Industrials | 11.11% | +11.11% | NEW | |
| 3 | TER | Teradyne INC | Stock-Tech | 8.06% | +8.06% | NEW | |
| 4 | ✓ | On Hldg AG | Stock-Other | 7.99% | -0.03% | -44.54% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 5.18% | -0.21% | -64.80% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.15% | -4.02% | -75.10% | |
| 7 | SITM | Sitime CORP | Stock-Tech | 5.14% | +2.59% | -16.12% | |
| 8 | LITE | Lumentum Holdings INC | Stock-Tech | 5.13% | +1.14% | -72.53% | |
| 9 | LHX | L3harris Technologies INC | Stock-Industrials | 4.86% | +0.39% | -62.34% | |
| 10 | CIEN | Ciena CORP | Stock-Tech | 4.79% | -3.91% | -86.50% | |
| 11 | ASML | ASML Holding N.V. | Stock-Tech | 4.44% | +3.87% | +155.81% | |
| 12 | MTSI | Macom Technology Solutions H | Stock-Tech | 3.39% | -1.71% | -79.12% | |
| 13 | AMD | Advanced Micro Devices | Stock-Tech | 2.99% | +2.11% | +46.07% | |
| 14 | AVGO | Broadcom INC | Stock-Tech | 2.54% | -3.09% | -79.46% | |
| 15 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 1.88% | +1.88% | NEW | |
| 16 | ALNY | Alnylam Pharmaceuticals INC | Stock-Healthcare | 1.49% | -3.41% | -85.14% | |
| 17 | CRS | Carpenter Technology | Stock-Industrials | 1.36% | -0.70% | -78.49% | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 1.34% | +1.34% | NEW | |
| 19 | ADI | Analog Devices INC | Stock-Tech | 1.32% | +0.43% | -48.48% | |
| 20 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 1.25% | -0.06% | -40.78% | |
| 21 | ALAB | Astera Labs INC | Stock-Tech | 1.13% | — | -38.60% | |
| 22 | AA | Alcoa CORP | Stock-Materials | 1.01% | +1.01% | NEW | |
| 23 | B | Barrick Mining CORP | Stock-Materials | 0.79% | +0.79% | NEW | |
| 24 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.76% | +0.40% | — | |
| 25 | NVDA | Nvidia CORP | Stock-Tech | 0.75% | +0.47% | +15.13% | |
| 26 | WWD | Woodward INC | Stock-Industrials | 0.68% | +0.68% | NEW | |
| 27 | TAL | Tal Education Group- Adr | Stock-Consumer Staples | 0.25% | -0.24% | -79.74% | |
| 28 | JOYY | Joyy Inc-adr | Stock-Other | 0.22% | +0.22% | NEW | |
| 29 | NTES | Netease Inc-adr | Stock-Comm Services | 0.19% | +0.09% | — | |
| 30 | SE | Sea Ltd-adr | Stock-Comm Services | 0.18% | +0.10% | +37.39% | |
| 31 | TME | Tencent Music Entertainm-adr | Stock-Comm Services | 0.16% | +0.16% | NEW |
Performance for Q3 2026
-2.9%
Performance Last 4 Quarters
+80.2%
Based on 85% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 31 | $723.6M | 100 | |
| 2025-12-31 | 38 | $1.8B | 100 | |
| 2025-09-30 | 35 | $1.1B | 100 | |
| 2025-06-30 | 22 | $610.3M | 0 | |
| 2025-03-31 | 25 | $266.7M | 100 | |
| 2024-12-31 | 15 | $338.9M | 0 | |
| 2024-09-30 | 18 | $338.3M | 0 | |
| 2024-06-30 | 22 | $716.9M | 0 | |
| 2024-03-31 | 25 | $793.9M | 0 | |
| 2023-12-31 | 19 | $569.6M | 0 | |
| 2023-09-30 | 16 | $421.0M | 0 | |
| 2023-06-30 | 17 | $505.7M | 0 | |
| 2023-03-31 | 16 | $445.6M | 0 | |
| 2022-12-31 | 15 | $739.0M | 0 | |
| 2022-09-30 | 12 | $393.6M | 0 | |
| 2022-06-30 | 15 | $255.0M | 0 | |
| 2022-03-31 | 15 | $273.1M | 0 | |
| 2021-12-31 | 9 | $144.0M | 0 | |
| 2021-09-30 | 12 | $114.2M | 0 | |
| 2021-06-30 | 18 | $190.1M | 80 | |
| 2021-03-31 | 11 | $126.9M | 45 | |
| 2020-12-31 | 15 | $135.7M | 0 |
FengHe Fund Management Pte. Ltd.'s most significant position changes for 2026-03-31: New buy: Mks INC (MKSI); Sold out: Sandisk CORP (SNDK); New buy: Bwx Technologies INC (BWXT); Sold out: Unity Software INC (U); Sold out: Applovin Corp-class A (APP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ASML | ASML Holding N.V. | +3.9% | +155.81% | Add |
| 2 | SITM | Sitime CORP | +2.6% | -16.12% | Trim |
| 3 | AMD | Advanced Micro Devices | +2.1% | +46.07% | Add |
| 4 | LITE | Lumentum Holdings INC | +1.1% | -72.53% | Trim |
| 5 | NVDA | Nvidia CORP | +0.5% | +15.13% | Add |
| 6 | ADI | Analog Devices INC | +0.4% | -48.48% | Trim |
| 7 | BABA | Alibaba Group Holding-sp Adr | +0.4% | — | Unchanged |
| 8 | LHX | L3harris Technologies INC | +0.4% | -62.34% | Trim |
| 9 | SE | Sea Ltd-adr | +0.1% | +37.39% | Add |
| 10 | NTES | Netease Inc-adr | +0.1% | — | Unchanged |
| 11 | ALAB | Astera Labs INC | — | -38.60% | Trim |
| 12 | ✓ | On Hldg AG | 0% | -44.54% | Trim |
| 13 | CRDO | Credo Technology Group Holding Ltd | -0.1% | -40.78% | Trim |
| 14 | TSM | Taiwan Semiconductor-sp Adr | -0.2% | -64.80% | Trim |
| 15 | TAL | Tal Education Group- Adr | -0.2% | -79.74% | Trim |
| 16 | CRS | Carpenter Technology | -0.7% | -78.49% | Trim |
| 17 | MTSI | Macom Technology Solutions H | -1.7% | -79.12% | Trim |
| 18 | AVGO | Broadcom INC | -3.1% | -79.46% | Trim |
| 19 | ALNY | Alnylam Pharmaceuticals INC | -3.4% | -85.14% | Trim |
| 20 | CIEN | Ciena CORP | -3.9% | -86.50% | Trim |
| 21 | GOOGL | Alphabet Inc-cl A | -4% | -75.10% | Trim |
| 22 | MKSI | Mks INC | — | NEW | New buy |
| 23 | SNDK | Sandisk CORP | — | EXIT | Sold out |
| 24 | BWXT | Bwx Technologies INC | — | NEW | New buy |
| 25 | U | Unity Software INC | — | EXIT | Sold out |
| 26 | APP | Applovin Corp-class A | — | EXIT | Sold out |
| 27 | TER | Teradyne INC | — | NEW | New buy |
| 28 | LLY | Eli Lilly & Co | — | EXIT | Sold out |
| 29 | GLW | Corning INC | — | EXIT | Sold out |
| 30 | MRK | Merck & Co. INC. | — | EXIT | Sold out |
| 31 | VRT | Vertiv Holdings Co-a | — | EXIT | Sold out |
| 32 | WRD | Weride Inc-adr | — | EXIT | Sold out |
| 33 | BA | Boeing Co/the | — | EXIT | Sold out |
| 34 | KTOS | Kratos Defense & Security | — | EXIT | Sold out |
| 35 | APH | Amphenol Corp-cl A | — | EXIT | Sold out |
| 36 | ARWR | Arrowhead Pharmaceuticals In | — | EXIT | Sold out |
| 37 | MOD | Modine Manufacturing Co | — | NEW | New buy |
| 38 | MSFT | Microsoft CORP | — | NEW | New buy |
| 39 | AA | Alcoa CORP | — | NEW | New buy |
| 40 | DQ | Daqo New Energy Corp-adr | — | EXIT | Sold out |
| 41 | B | Barrick Mining CORP | — | NEW | New buy |
| 42 | COHR | Coherent CORP | — | EXIT | Sold out |
| 43 | WWD | Woodward INC | — | NEW | New buy |
| 44 | MRVL | Marvell Technology INC | — | EXIT | Sold out |
| 45 | COIN | Coinbase Global INC -class A | — | EXIT | Sold out |
| 46 | MSTR | Strategy INC | — | EXIT | Sold out |
| 47 | JOYY | Joyy Inc-adr | — | NEW | New buy |
| 48 | TME | Tencent Music Entertainm-adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-30 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-24 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-18 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-13 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-31 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-07 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-26 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-22 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-19 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-03 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-20 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-27 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-04 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-05 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-03 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-21 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-03 | 13F-HR | View on EDGAR |
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