E Fund Management Co., Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), E Fund Management Co., Ltd. reported 395 stock positions worth $2.0 billion. Its top holding was PDD (PDD) at 20.8% of the portfolio, followed by Microsoft (MSFT, 7.0%) and Apple (AAPL, 6.6%). Compared with Q3 2024, it opened 63 new positions, sold out of 21, added to 250 and reduced 77. The biggest buy was Apple (AAPL, shares +47%) and the biggest sale PDD (PDD, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- GUANGZHOU, F4
- CIK
- 0001842296
- Portfolio Value
- $2.0B (Q4 2024)
- SEC Filing
- 0001842296-25-000001 ↗ filed Feb 7, 2025
Holdings Value
Holdings 395 stocks · $2.0B
| PDD PDD Holdings Inc. | 20.83% | 4,276,861 | $414.8M | Reduce -8.3% |
| MSFT Microsoft Corp. | 6.95% | 328,599 | $138.5M | Add +35.5% |
| AAPL Apple Inc. | 6.63% | 527,427 | $132.1M | Add +46.8% |
| NVDA Nvidia Corp. | 5.97% | 885,764 | $118.9M | Add +45.2% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 3.97% | 4,291,751 | $79.1M | Add +3.7% |
| TSM Taiwan Semiconductor-SP ADR | 2.87% | 289,028 | $57.1M | Reduce -19.1% |
| YMM Full Truck Alliance -SPN ADR | 2.63% | 4,845,117 | $52.4M | Reduce -7.2% |
| AVGO Broadcom Inc. | 2.45% | 210,115 | $48.7M | Add +33.5% |
| TME Tencent Music Entertainm-ADR | 2.06% | 3,617,849 | $41.1M | Reduce -8.9% |
| AMZN Amazon.com Inc. | 1.93% | 175,545 | $38.5M | Add +51.2% |
| BZ Kanzhun Ltd. - ADR | 1.55% | 2,232,682 | $30.8M | Reduce -7.1% |
| ASML ASML Holding NV-NY Reg SHS | 1.53% | 44,047 | $30.5M | Add +22.3% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 1.52% | 787,146 | $30.2M | Reduce -9.9% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 1.33% | 331,749 | $26.5M | Reduce -34.1% |
| TSLA Tesla Inc. | 1.30% | 64,340 | $26.0M | Add +26.3% |
| VIPS Vipshop Holdings Ltd. - ADR | 1.26% | 1,863,897 | $25.1M | Reduce -12.5% |
| TAL Tal Education Group- ADR | 1.25% | 2,479,729 | $24.8M | Reduce -11.3% |
| KLAC KLA Corp. | 1.24% | 39,345 | $24.8M | Add +3.0% |
| META Meta Platforms Inc. Class A | 1.14% | 38,713 | $22.7M | Add +24.3% |
| GOOGL Alphabet Inc. Class A | 0.93% | 98,078 | $18.6M | Add +53.5% |
| IVV iShares Core S&P 500 ETF | 0.82% | 27,780 | $16.4M | Add +15.3% |
| GOOG Alphabet Inc. Class C | 0.81% | 85,141 | $16.2M | Add +34.9% |
| AMAT Applied Materials Inc. | 0.75% | 91,827 | $14.9M | Reduce -31.9% |
| CRM Salesforce Inc. | 0.64% | 38,084 | $12.7M | Add +89.7% |
| NOW ServiceNow Inc. | 0.57% | 10,618 | $11.3M | Add +113.9% |
| YUMC Yum China Holdings Inc. | 0.54% | 222,743 | $10.7M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 17,974 | $10.5M | Add +13.2% |
| ATHM Autohome Inc.-ADR | 0.51% | 389,214 | $10.1M | Reduce -6.5% |
| CSCO Cisco Systems Inc. | 0.49% | 163,323 | $9.7M | Add +40.1% |
| COST Costco Wholesale Corp. | 0.47% | 10,206 | $9.4M | Add +37.3% |
| NFLX Netflix Inc. | 0.47% | 10,476 | $9.3M | Add +48.1% |
| JPM JPMorgan Chase & Co. | 0.41% | 33,741 | $8.1M | Add +55.0% |
| AMD Advanced Micro Devices | 0.40% | 66,456 | $8.0M | Add +41.6% |
| ADBE Adobe Inc. | 0.40% | 18,037 | $8.0M | Add +40.6% |
| ORCL Oracle Corp. | 0.40% | 47,418 | $7.9M | Add +48.3% |
| BSX Boston Scientific Corp. | 0.39% | 86,848 | $7.8M | Add +62.1% |
| INTU Intuit Inc. | 0.36% | 11,481 | $7.2M | Add +42.0% |
| LLY Eli Lilly & Co. | 0.36% | 9,270 | $7.2M | Add +66.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 15,646 | $7.1M | Add +63.2% |
| QCOM Qualcomm Inc. | 0.35% | 45,546 | $7.0M | Add +41.3% |
| TXN Texas Instruments Inc. | 0.35% | 37,283 | $7.0M | Add +40.0% |
| JOYY Joyy Inc.-ADR | 0.33% | 156,688 | $6.6M | Add +50.5% |
| ACN Accenture PLC Class A | 0.32% | 18,178 | $6.4M | Add +46.4% |
| MA Mastercard Inc. Class A | 0.32% | 11,980 | $6.3M | Add +53.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 26,870 | $5.9M | Add +48.6% |
| V Visa Inc. Class A | 0.29% | 18,580 | $5.9M | Add +69.7% |
| WMT Walmart Inc. | 0.28% | 61,018 | $5.5M | Add +107.8% |
| UNH Unitedhealth Group Inc. | 0.27% | 10,634 | $5.4M | Add +56.6% |
| IQ Iqiyi Inc.-ADR | 0.27% | 2,667,758 | $5.4M | Add +39.6% |
| SMMT Summit Therapeutics Inc. | 0.27% | 296,299 | $5.3M | Add +5.4% |
| XOM Exxon Mobil Corp. | 0.26% | 48,122 | $5.2M | Add +61.0% |
| PLTR Palantir Technologies Inc. Class A | 0.26% | 68,133 | $5.2M | Add +134.4% |
| PEP Pepsico Inc. | 0.24% | 31,200 | $4.7M | Add +41.9% |
| ABBV Abbvie Inc. | 0.24% | 26,535 | $4.7M | Add +44.7% |
| ISRG Intuitive Surgical Inc. | 0.23% | 8,698 | $4.5M | Add +106.0% |
| LIN Linde PLC | 0.23% | 10,802 | $4.5M | Add +40.8% |
| WB Weibo Corp.-Spon ADR | 0.22% | 458,206 | $4.4M | Add +1003.7% |
| PG The Procter & Gamble Co. | 0.22% | 25,738 | $4.3M | Add +63.5% |
| MRVL Marvell Technology Inc. | 0.22% | 38,807 | $4.3M | Add +357.4% |
| HD Home Depot Inc. | 0.21% | 11,003 | $4.3M | Add +25.9% |
| JNJ Johnson & Johnson | 0.21% | 28,376 | $4.1M | Add +65.0% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 46,737 | $4.1M | Reduce -11.2% |
| MAR Marriott International Class A | 0.20% | 14,408 | $4.0M | Add +6.8% |
| PANW Palo Alto Networks Inc. | 0.20% | 21,826 | $4.0M | Add +41.7% |
| HTHT H World Group Ltd.-ADR | 0.20% | 118,641 | $3.9M | Reduce -21.2% |
| SNPS Synopsys Inc. | 0.19% | 7,669 | $3.7M | Add +41.2% |
| LEGN Legend Biotech Corp.-ADR | 0.19% | 113,322 | $3.7M | Reduce -2.9% |
| CDNS Cadence Design SYS Inc. | 0.18% | 12,207 | $3.7M | Add +88.9% |
| ARGX Argenx SE - ADR | 0.18% | 5,800 | $3.6M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 78,715 | $3.5M | Add +62.2% |
| JANX Janux Therapeutics Inc. | 0.17% | 64,568 | $3.5M | Reduce -0.8% |
| ADI Analog Devices Inc. | 0.17% | 16,180 | $3.4M | Add +37.2% |
| IAU iShares Gold Trust | 0.17% | 67,273 | $3.3M | Reduce -12.3% |
| TMUS T-Mobile US Inc. | 0.17% | 14,996 | $3.3M | Add +29.0% |
| GLDM SPDR Gold Minishares Trust | 0.17% | 63,207 | $3.3M | Reduce -12.2% |
| AMGN Amgen Inc. | 0.16% | 12,382 | $3.2M | Add +28.5% |
| RVMD Revolution Medicines Inc. | 0.16% | 71,287 | $3.1M | Add +561.0% |
| MRK Merck & Co. Inc. | 0.15% | 30,799 | $3.1M | Add +66.4% |
| MU Micron Technology Inc. | 0.15% | 36,378 | $3.1M | Add +31.8% |
| LRCX Lam Research Corp. | 0.15% | 41,934 | $3.0M | Reduce -43.3% |
| RING iShares MSCI Global Gold Min | 0.15% | 107,704 | $3.0M | Reduce -14.0% |
| CRDO Credo Technology Group Holdi | 0.15% | 44,844 | $3.0M | New |
| TER Teradyne Inc. | 0.15% | 23,630 | $3.0M | Add +955.4% |
| PTGX Protagonist Therapeutics Inc. | 0.15% | 76,087 | $2.9M | Add +6.2% |
| GILD Gilead Sciences Inc. | 0.15% | 31,774 | $2.9M | Add +10.4% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.15% | 12,295 | $2.9M | Reduce -2.7% |
| GE General Electric filed as GE AEROSPACE | 0.15% | 17,323 | $2.9M | Add +41.6% |
| INTC Intel Corp. | 0.14% | 140,346 | $2.8M | Add +38.3% |
| ANET Arista Networks Inc. | 0.14% | 25,029 | $2.8M | Reduce -45.0% |
| KO The Coca-Cola Co. | 0.14% | 43,919 | $2.7M | Add +59.4% |
| CVX Chevron Corp. | 0.14% | 18,702 | $2.7M | Add +61.5% |
| KYMR Kymera Therapeutics Inc. | 0.14% | 67,068 | $2.7M | Add +23.5% |
| WFC Wells Fargo & Co. | 0.13% | 37,271 | $2.6M | Add +56.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.13% | 7,598 | $2.6M | Add +38.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.13% | 6,436 | $2.6M | Add +19.1% |
| APH Amphenol Corp. Class A | 0.13% | 36,967 | $2.6M | Add +112.4% |
| TMO Thermo Fisher Scientific Inc. | 0.13% | 4,910 | $2.6M | Reduce -13.0% |
| ABT Abbott Laboratories | 0.12% | 21,752 | $2.5M | Add +64.6% |
| MSI Motorola Solutions Inc. | 0.12% | 5,214 | $2.4M | Add +83.9% |
| BKNG Booking Holdings Inc. | 0.12% | 469 | $2.3M | Add +29.2% |
Portfolio Sells Q3 2024 → Q4 2024
| PDD PDD Holdings Inc. | Reduce -8.3% | 20.83% | −11.48 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -34.1% | 1.33% | −1.14 |
| AMAT Applied Materials Inc. | Reduce -31.9% | 0.75% | −0.65 |
| BZ Kanzhun Ltd. - ADR | Reduce -7.1% | 1.55% | −0.60 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -12.5% | 1.26% | −0.46 |
| TAL Tal Education Group- ADR | Reduce -11.3% | 1.25% | −0.45 |
| TME Tencent Music Entertainm-ADR | Reduce -8.9% | 2.06% | −0.40 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -19.1% | 2.87% | −0.32 |
| LU Lufax Holding Ltd.-ADR | Sold out | 0.00% | −0.20 |
| ATHM Autohome Inc.-ADR | Reduce -6.5% | 0.51% | −0.19 |
| LRCX Lam Research Corp. | Reduce -43.3% | 0.15% | −0.16 |
| EDV Vanguard Extended Dur Treas | Sold out | 0.00% | −0.12 |
| LEGN Legend Biotech Corp.-ADR | Reduce -2.9% | 0.19% | −0.11 |
| HTHT H World Group Ltd.-ADR | Reduce -21.2% | 0.20% | −0.09 |
| DHR Danaher Corp. | Reduce -45.2% | 0.07% | −0.09 |
| ANET Arista Networks Inc. | Reduce -45.0% | 0.14% | −0.09 |
| CABA Cabaletta Bio Inc. | Sold out | 0.00% | −0.07 |
| TLT iShares 20+ Year Treasury BD | Reduce -11.2% | 0.20% | −0.06 |
| RING iShares MSCI Global Gold Min | Reduce -14.0% | 0.15% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -13.0% | 0.13% | −0.05 |
| KYTX Kyverna Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -69.4% | 0.03% | −0.04 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -44.1% | 0.07% | −0.04 |
| RH RH | Reduce -73.8% | 0.02% | −0.04 |
| FATE Fate Therapeutics Inc. | Reduce -3.9% | 0.03% | −0.04 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.04 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -2.7% | 0.15% | −0.03 |
| IQV Iqvia Holdings Inc. | Reduce -51.7% | 0.02% | −0.03 |
| PFE Pfizer Inc. | Reduce -39.4% | 0.04% | −0.03 |
| VGLT Vanguard Long-Term Treasury | Reduce -13.7% | 0.09% | −0.03 |
| IAU iShares Gold Trust | Reduce -12.3% | 0.17% | −0.03 |
| GLDM SPDR Gold Minishares Trust | Reduce -12.2% | 0.17% | −0.03 |
| GDX Vaneck Gold Miners ETF | Reduce -11.2% | 0.08% | −0.03 |
| NKE Nike Inc. Class B | Reduce -65.0% | 0.01% | −0.03 |
| GLD SPDR Gold Shares | Reduce -16.7% | 0.11% | −0.03 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -33.6% | 0.05% | −0.02 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.02 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -7.2% | 0.09% | −0.02 |
| ABNB Airbnb Inc. Class A | Reduce -34.6% | 0.04% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -15.1% | 0.04% | −0.02 |
| MELI MercadoLibre Inc. | Reduce -10.9% | 0.05% | −0.02 |
| CGEM Cullinan Therapeutics Inc. | Reduce -1.3% | 0.05% | −0.02 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.02 |
| TT Trane Technologies PLC | Reduce -58.5% | 0.01% | −0.02 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.02 |
| EXAS Exact Sciences Corp. | Reduce -8.9% | 0.04% | −0.02 |
| BEAM Beam Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| AGIO Agios Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| DECK Deckers Outdoor Corp. | Reduce -39.0% | 0.04% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +46.8% | 6.63% | +2.33 |
| NVDA Nvidia Corp. | Add +45.2% | 5.97% | +2.17 |
| MSFT Microsoft Corp. | Add +35.5% | 6.95% | +1.59 |
| AVGO Broadcom Inc. | Add +33.5% | 2.45% | +1.05 |
| AMZN Amazon.com Inc. | Add +51.2% | 1.93% | +0.82 |
| TSLA Tesla Inc. | Add +26.3% | 1.30% | +0.62 |
| YUMC Yum China Holdings Inc. | New | 0.54% | +0.54 |
| GOOGL Alphabet Inc. Class A | Add +53.5% | 0.93% | +0.39 |
| CRM Salesforce Inc. | Add +89.7% | 0.64% | +0.36 |
| NOW ServiceNow Inc. | Add +113.9% | 0.57% | +0.34 |
| GOOG Alphabet Inc. Class C | Add +34.9% | 0.81% | +0.27 |
| META Meta Platforms Inc. Class A | Add +24.3% | 1.14% | +0.22 |
| NFLX Netflix Inc. | Add +48.1% | 0.47% | +0.21 |
| PLTR Palantir Technologies Inc. Class A | Add +134.4% | 0.26% | +0.20 |
| WB Weibo Corp.-Spon ADR | Add +1003.7% | 0.22% | +0.20 |
| MRVL Marvell Technology Inc. | Add +357.4% | 0.22% | +0.18 |
| JPM JPMorgan Chase & Co. | Add +55.0% | 0.41% | +0.17 |
| CSCO Cisco Systems Inc. | Add +40.1% | 0.49% | +0.17 |
| BSX Boston Scientific Corp. | Add +62.1% | 0.39% | +0.16 |
| WMT Walmart Inc. | Add +107.8% | 0.28% | +0.15 |
| CRDO Credo Technology Group Holdi | New | 0.15% | +0.15 |
| V Visa Inc. Class A | Add +69.7% | 0.29% | +0.14 |
| JOYY Joyy Inc.-ADR | Add +50.5% | 0.33% | +0.14 |
| TER Teradyne Inc. | Add +955.4% | 0.15% | +0.13 |
| RVMD Revolution Medicines Inc. | Add +561.0% | 0.16% | +0.13 |
| COST Costco Wholesale Corp. | Add +37.3% | 0.47% | +0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +63.2% | 0.36% | +0.13 |
| ISRG Intuitive Surgical Inc. | Add +106.0% | 0.23% | +0.12 |
| MA Mastercard Inc. Class A | Add +53.3% | 0.32% | +0.12 |
| ORCL Oracle Corp. | Add +48.3% | 0.40% | +0.12 |
| IVV iShares Core S&P 500 ETF | Add +15.3% | 0.82% | +0.11 |
| LLY Eli Lilly & Co. | Add +66.7% | 0.36% | +0.11 |
| INTU Intuit Inc. | Add +42.0% | 0.36% | +0.10 |
| ACN Accenture PLC Class A | Add +46.4% | 0.32% | +0.10 |
| CDNS Cadence Design SYS Inc. | Add +88.9% | 0.18% | +0.09 |
| IBM Intl Business Machines Corp. | Add +48.6% | 0.30% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +654.2% | 0.10% | +0.09 |
| XOM Exxon Mobil Corp. | Add +61.0% | 0.26% | +0.08 |
| PG The Procter & Gamble Co. | Add +63.5% | 0.22% | +0.08 |
| BAC Bank of America Corp. | Add +62.2% | 0.17% | +0.07 |
| APH Amphenol Corp. Class A | Add +112.4% | 0.13% | +0.07 |
| QCOM Qualcomm Inc. | Add +41.3% | 0.35% | +0.07 |
| TXN Texas Instruments Inc. | Add +40.0% | 0.35% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +56.6% | 0.27% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +41.7% | 0.20% | +0.06 |
| WDAY Workday Inc. Class A | Add +246.4% | 0.09% | +0.06 |
| JNJ Johnson & Johnson | Add +65.0% | 0.21% | +0.06 |
| WFC Wells Fargo & Co. | Add +56.5% | 0.13% | +0.06 |
| DDOG Datadog Inc. Class A | Add +279.5% | 0.08% | +0.06 |
| ADBE Adobe Inc. | Add +40.6% | 0.40% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 488 | $4.5B | PDD, LRCX, AMD, NVDA, INTC |
| Q1 2026 | 489 | $3.4B | PDD, NVDA, AAPL, TSM, LITE |
| Q2 2025 | 394 | $2.1B | PDD, MSFT, NVDA, AAPL, AVGO |
| Q1 2025 | 398 | $2.1B | PDD, MSFT, AAPL, NVDA, BEKE |
| Q4 2024 | 395 | $2.0B | PDD, MSFT, AAPL, NVDA, BEKE |
| Q3 2024 | 353 | $1.9B | PDD, MSFT, AAPL, BEKE, NVDA |
| Q2 2024 | 318 | $1.8B | PDD, MSFT, TSM, NVDA, AAPL |
| Q1 2024 | 368 | $1.6B | PDD, MSFT, BEKE, TSM, TME |