E Fund Management Co., Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), E Fund Management Co., Ltd. reported 394 stock positions worth $2.1 billion. Its top holding was PDD (PDD) at 17.0% of the portfolio, followed by Microsoft (MSFT, 8.2%) and Nvidia (NVDA, 7.2%). Compared with Q1 2025, it opened 31 new positions, sold out of 35, added to 83 and reduced 267. The biggest buy was Broadcom (AVGO, shares +14%) and the biggest sale an exit from Ke Holdings Inc.-ADR (BEKE).
- Most Recent 13F
- Q2 2026
- Location
- GUANGZHOU, F4
- CIK
- 0001842296
- Portfolio Value
- $2.1B (Q2 2025)
- SEC Filing
- 0001842296-25-000003 ↗ filed Aug 15, 2025
Holdings Value
Holdings 394 stocks · $2.1B
| PDD PDD Holdings Inc. | 16.98% | 3,403,721 | $356.2M | Reduce -2.0% |
| MSFT Microsoft Corp. | 8.22% | 346,573 | $172.4M | Reduce -7.3% |
| NVDA Nvidia Corp. | 7.19% | 954,553 | $150.8M | Reduce -6.8% |
| AAPL Apple Inc. | 5.26% | 537,912 | $110.4M | Reduce -14.6% |
| AVGO Broadcom Inc. | 3.38% | 257,274 | $70.9M | Add +14.2% |
| TME Tencent Music Entertainm-ADR | 2.43% | 2,618,632 | $51.0M | Reduce -10.3% |
| AMZN Amazon.com Inc. | 2.34% | 223,856 | $49.1M | Reduce -9.5% |
| YMM Full Truck Alliance -SPN ADR | 2.15% | 3,810,726 | $45.0M | Reduce -5.9% |
| TSM Taiwan Semiconductor-SP ADR | 2.07% | 191,945 | $43.5M | Reduce -19.8% |
| META Meta Platforms Inc. Class A | 1.81% | 51,384 | $37.9M | Reduce -16.9% |
| ASML ASML Holding NV-NY Reg SHS | 1.64% | 43,038 | $34.5M | Reduce -5.5% |
| BZ Kanzhun Ltd. - ADR | 1.52% | 1,782,070 | $31.8M | Reduce -1.8% |
| KLAC KLA Corp. | 1.39% | 32,559 | $29.2M | Reduce -20.9% |
| NFLX Netflix Inc. | 1.14% | 17,851 | $23.9M | Reduce -3.0% |
| IAU iShares Gold Trust | 1.14% | 382,228 | $23.8M | Add +494.3% |
| SGOL Abrdn Physical Gold Shares | 1.13% | 753,291 | $23.8M | Add +530.3% |
| GLDM SPDR Gold Minishares Trust | 1.13% | 360,915 | $23.6M | Add +488.1% |
| GLD SPDR Gold Shares | 1.13% | 77,546 | $23.6M | Add +488.4% |
| GOOGL Alphabet Inc. Class A | 1.11% | 132,670 | $23.4M | Reduce -3.0% |
| TSLA Tesla Inc. | 1.11% | 73,236 | $23.3M | Reduce -8.7% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 1.10% | 532,709 | $23.1M | Reduce -16.7% |
| VIPS Vipshop Holdings Ltd. - ADR | 1.04% | 1,446,459 | $21.8M | Reduce -3.5% |
| IVV iShares Core S&P 500 ETF | 0.94% | 31,844 | $19.8M | Add +7.0% |
| TAL Tal Education Group- ADR | 0.94% | 1,928,806 | $19.7M | Reduce -4.0% |
| GOOG Alphabet Inc. Class C | 0.87% | 103,184 | $18.3M | Reduce -20.9% |
| AMD Advanced Micro Devices | 0.85% | 125,768 | $17.8M | Add +11.4% |
| PLTR Palantir Technologies Inc. Class A | 0.80% | 123,418 | $16.8M | Reduce -3.7% |
| COST Costco Wholesale Corp. | 0.71% | 15,005 | $14.9M | Reduce -12.4% |
| ORCL Oracle Corp. | 0.66% | 63,784 | $13.9M | Add +24.4% |
| CSCO Cisco Systems Inc. | 0.65% | 197,915 | $13.7M | Reduce -12.5% |
| NOW ServiceNow Inc. | 0.54% | 11,095 | $11.4M | Add +37.1% |
| CLS Celestica Inc. | 0.53% | 71,300 | $11.1M | Add +748.8% |
| DBO Invesco DB Oil Fund | 0.53% | 835,473 | $11.0M | New |
| INTU Intuit Inc. | 0.52% | 13,920 | $11.0M | Add +7.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 16,209 | $10.0M | Reduce -4.2% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.42% | 70,927 | $8.8M | Reduce -81.0% |
| QCOM Qualcomm Inc. | 0.42% | 54,819 | $8.7M | Reduce -12.7% |
| JPM JPMorgan Chase & Co. | 0.40% | 28,999 | $8.4M | Reduce -27.2% |
| ADBE Adobe Inc. | 0.39% | 21,238 | $8.2M | Reduce -14.1% |
| ATHM Autohome Inc.-ADR | 0.39% | 315,151 | $8.1M | Reduce -0.2% |
| MU Micron Technology Inc. | 0.38% | 64,320 | $7.9M | Add +8.4% |
| TXN Texas Instruments Inc. | 0.38% | 38,149 | $7.9M | Reduce -9.7% |
| LIN Linde PLC | 0.36% | 15,962 | $7.5M | Reduce -12.6% |
| APH Amphenol Corp. Class A | 0.35% | 75,106 | $7.4M | Add +31.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.35% | 15,159 | $7.4M | Reduce -28.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 24,512 | $7.2M | Reduce -15.9% |
| CRM Salesforce Inc. | 0.33% | 25,340 | $6.9M | Reduce -15.5% |
| ISRG Intuitive Surgical Inc. | 0.33% | 12,628 | $6.9M | Reduce -11.8% |
| YUMC Yum China Holdings Inc. | 0.32% | 152,454 | $6.8M | Reduce -0.9% |
| LLY Eli Lilly & Co. | 0.32% | 8,649 | $6.7M | Reduce -19.3% |
| TMUS T-Mobile US Inc. | 0.32% | 27,845 | $6.6M | Reduce -8.8% |
| JOYY Joyy Inc.-ADR | 0.31% | 128,626 | $6.5M | Reduce -9.2% |
| V Visa Inc. Class A | 0.30% | 17,868 | $6.3M | Reduce -32.8% |
| AMAT Applied Materials Inc. | 0.30% | 33,884 | $6.2M | Reduce -64.5% |
| PEP Pepsico Inc. | 0.29% | 46,399 | $6.1M | Reduce -12.1% |
| PANW Palo Alto Networks Inc. | 0.27% | 27,928 | $5.7M | Reduce -9.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.25% | 10,450 | $5.3M | Reduce -5.5% |
| LRCX Lam Research Corp. | 0.25% | 53,695 | $5.2M | Reduce -10.1% |
| AMGN Amgen Inc. | 0.25% | 18,569 | $5.2M | Reduce -4.0% |
| ADI Analog Devices Inc. | 0.24% | 20,858 | $5.0M | Reduce -20.8% |
| ACN Accenture PLC Class A | 0.24% | 16,533 | $4.9M | Reduce -15.2% |
| GILD Gilead Sciences Inc. | 0.24% | 44,567 | $4.9M | Reduce -4.3% |
| BKNG Booking Holdings Inc. | 0.23% | 846 | $4.9M | Reduce -8.9% |
| XOM Exxon Mobil Corp. | 0.23% | 44,887 | $4.8M | Reduce -20.6% |
| MA Mastercard Inc. Class A | 0.23% | 8,462 | $4.8M | Reduce -40.1% |
| ZS Zscaler Inc. | 0.23% | 15,136 | $4.8M | Add +288.7% |
| ABBV Abbvie Inc. | 0.22% | 25,392 | $4.7M | Reduce -12.1% |
| WMT Walmart Inc. | 0.21% | 45,635 | $4.5M | Reduce -20.3% |
| CDNS Cadence Design SYS Inc. | 0.21% | 14,286 | $4.4M | Reduce -11.8% |
| INTC Intel Corp. | 0.21% | 193,806 | $4.3M | Reduce -37.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.20% | 9,628 | $4.3M | Reduce -2.6% |
| JNJ Johnson & Johnson | 0.19% | 26,722 | $4.1M | Reduce -18.5% |
| HON Honeywell International Inc. | 0.19% | 16,690 | $3.9M | Reduce -9.0% |
| PG The Procter & Gamble Co. | 0.18% | 24,364 | $3.9M | Reduce -19.9% |
| MAR Marriott International Class A | 0.18% | 14,179 | $3.9M | Reduce -7.8% |
| HD Home Depot Inc. | 0.18% | 10,324 | $3.8M | Reduce -19.8% |
| IQ Iqiyi Inc.-ADR | 0.18% | 2,105,130 | $3.7M | Reduce -4.0% |
| APP AppLovin Corp. Class A | 0.17% | 10,368 | $3.6M | Reduce -8.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 73,346 | $3.5M | Reduce -17.6% |
| CMCSA Comcast Corp. Class A | 0.16% | 96,927 | $3.5M | Reduce -9.1% |
| WB Weibo Corp.-Spon ADR | 0.16% | 356,809 | $3.4M | Reduce -20.9% |
| RCL Royal Caribbean Cruises Ltd. | 0.16% | 10,763 | $3.4M | Add +2.9% |
| SNPS Synopsys Inc. | 0.16% | 6,495 | $3.3M | Reduce -9.9% |
| ADP Automatic Data Processing | 0.16% | 10,558 | $3.3M | Reduce -8.1% |
| UNH Unitedhealth Group Inc. | 0.15% | 10,356 | $3.2M | Reduce -17.0% |
| SHOP Shopify Inc. Class A | 0.15% | 27,992 | $3.2M | New |
| FTNT Fortinet Inc. | 0.15% | 29,801 | $3.2M | Reduce -9.1% |
| MELI MercadoLibre Inc. | 0.15% | 1,189 | $3.1M | Reduce -8.3% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 11,641 | $3.0M | Reduce -36.7% |
| KO The Coca-Cola Co. | 0.14% | 41,993 | $3.0M | Reduce -21.7% |
| PM Philip Morris International | 0.14% | 16,192 | $2.9M | Reduce -19.2% |
| AAOI Applied Optoelectronics Inc. | 0.14% | 114,400 | $2.9M | New |
| DDOG Datadog Inc. Class A | 0.14% | 21,594 | $2.9M | Add +168.5% |
| HTHT H World Group Ltd.-ADR | 0.13% | 83,217 | $2.8M | Reduce -1.5% |
| REGN Regeneron Pharmaceuticals | 0.13% | 5,329 | $2.8M | Add +8.5% |
| ADSK Autodesk Inc. | 0.13% | 8,985 | $2.8M | Reduce -9.5% |
| ABT Abbott Laboratories | 0.13% | 19,973 | $2.7M | Reduce -18.9% |
| WFC Wells Fargo & Co. | 0.13% | 33,859 | $2.7M | Reduce -20.0% |
| SBUX Starbucks Corp. | 0.13% | 29,591 | $2.7M | Reduce -7.8% |
| DASH DoorDash Inc. Class A | 0.13% | 10,811 | $2.7M | Reduce -1.1% |
Portfolio Sells Q1 2025 → Q2 2025
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −3.36 |
| PDD PDD Holdings Inc. | Reduce -2.0% | 16.98% | −2.66 |
| AAPL Apple Inc. | Reduce -14.6% | 5.26% | −1.42 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -81.0% | 0.42% | −1.41 |
| AMAT Applied Materials Inc. | Reduce -64.5% | 0.30% | −0.37 |
| TAL Tal Education Group- ADR | Reduce -4.0% | 0.94% | −0.33 |
| YMM Full Truck Alliance -SPN ADR | Reduce -5.9% | 2.15% | −0.32 |
| BSX Boston Scientific Corp. | Reduce -91.0% | 0.03% | −0.31 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -16.7% | 1.10% | −0.27 |
| SMMT Summit Therapeutics Inc. | Reduce -92.5% | 0.02% | −0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -28.6% | 0.35% | −0.19 |
| ARGX Argenx SE - ADR | Sold out | 0.00% | −0.16 |
| UNH Unitedhealth Group Inc. | Reduce -17.0% | 0.15% | −0.16 |
| BZ Kanzhun Ltd. - ADR | Reduce -1.8% | 1.52% | −0.15 |
| MA Mastercard Inc. Class A | Reduce -40.1% | 0.23% | −0.14 |
| V Visa Inc. Class A | Reduce -32.8% | 0.30% | −0.14 |
| INTC Intel Corp. | Reduce -37.0% | 0.21% | −0.13 |
| LEGN Legend Biotech Corp.-ADR | Reduce -73.9% | 0.04% | −0.12 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -71.7% | 0.06% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -71.5% | 0.03% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -19.3% | 0.32% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -20.9% | 0.87% | −0.10 |
| KYMR Kymera Therapeutics Inc. | Sold out | 0.00% | −0.09 |
| BNTX Biontech SE-ADR | Sold out | 0.00% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -20.6% | 0.23% | −0.09 |
| JANX Janux Therapeutics Inc. | Sold out | 0.00% | −0.09 |
| PEP Pepsico Inc. | Reduce -12.1% | 0.29% | −0.09 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -3.5% | 1.04% | −0.08 |
| CAT Caterpillar Inc. | Reduce -81.0% | 0.02% | −0.08 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.07 |
| MSCI MSCI Inc. | Reduce -88.3% | 0.01% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -8.8% | 0.32% | −0.07 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -27.2% | 0.40% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -12.4% | 0.71% | −0.07 |
| ATAT Atour Lifestyle Holdings-ADR | Sold out | 0.00% | −0.07 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.07 |
| JNJ Johnson & Johnson | Reduce -18.5% | 0.19% | −0.07 |
| ABBV Abbvie Inc. | Reduce -12.1% | 0.22% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -19.9% | 0.18% | −0.06 |
| ADBE Adobe Inc. | Reduce -14.1% | 0.39% | −0.06 |
| IQ Iqiyi Inc.-ADR | Reduce -4.0% | 0.18% | −0.06 |
| CVX Chevron Corp. | Reduce -21.6% | 0.12% | −0.06 |
| YUMC Yum China Holdings Inc. | Reduce -0.9% | 0.32% | −0.06 |
| BTI British American Tob-SP ADR | Sold out | 0.00% | −0.06 |
| ACN Accenture PLC Class A | Reduce -15.2% | 0.24% | −0.06 |
| CRM Salesforce Inc. | Reduce -15.5% | 0.33% | −0.06 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.05 |
| LIN Linde PLC | Reduce -12.6% | 0.36% | −0.05 |
| HD Home Depot Inc. | Reduce -19.8% | 0.18% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +14.2% | 3.38% | +1.58 |
| SGOL Abrdn Physical Gold Shares | Add +530.3% | 1.13% | +0.96 |
| IAU iShares Gold Trust | Add +494.3% | 1.14% | +0.96 |
| GLDM SPDR Gold Minishares Trust | Add +488.1% | 1.13% | +0.95 |
| GLD SPDR Gold Shares | Add +488.4% | 1.13% | +0.95 |
| DBO Invesco DB Oil Fund | New | 0.53% | +0.53 |
| CLS Celestica Inc. | Add +748.8% | 0.53% | +0.50 |
| ORCL Oracle Corp. | Add +24.4% | 0.66% | +0.32 |
| AMD Advanced Micro Devices | Add +11.4% | 0.85% | +0.30 |
| NOW ServiceNow Inc. | Add +37.1% | 0.54% | +0.24 |
| ZS Zscaler Inc. | Add +288.7% | 0.23% | +0.19 |
| APH Amphenol Corp. Class A | Add +31.5% | 0.35% | +0.17 |
| SHOP Shopify Inc. Class A | New | 0.15% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +7.0% | 0.94% | +0.14 |
| INTU Intuit Inc. | Add +7.0% | 0.52% | +0.14 |
| AAOI Applied Optoelectronics Inc. | New | 0.14% | +0.14 |
| MU Micron Technology Inc. | Add +8.4% | 0.38% | +0.13 |
| NET Cloudflare Inc. Class A | New | 0.11% | +0.11 |
| DDOG Datadog Inc. Class A | Add +168.5% | 0.14% | +0.10 |
| ARM Arm Holdings PLC-ADR | Add +301.3% | 0.10% | +0.09 |
| T AT&T Inc. | Add +298.9% | 0.10% | +0.08 |
| RBLX Roblox Corp. Class A | New | 0.07% | +0.07 |
| VRT Vertiv Holdings Co. Class A | New | 0.06% | +0.06 |
| RCL Royal Caribbean Cruises Ltd. | Add +2.9% | 0.16% | +0.06 |
| RBRK Rubrik Inc. Class A | New | 0.05% | +0.05 |
| SAP Sap SE-Sponsored ADR | Add +208.9% | 0.08% | +0.05 |
| COIN Coinbase Global Inc. Class A | New | 0.05% | +0.05 |
| JCI Johnson Controls Internation | New | 0.05% | +0.05 |
| CELH Celsius Holdings Inc. | New | 0.05% | +0.05 |
| ON On Semiconductor | Add +59.1% | 0.08% | +0.04 |
| IBKR Interactive Brokers Gro Class A | Add +150.0% | 0.05% | +0.04 |
| COHR Coherent Corp. | New | 0.03% | +0.03 |
| RDDT Reddit Inc. Class A | New | 0.02% | +0.02 |
| RERE Atrenew Inc. | New | 0.02% | +0.02 |
| EZU iShares MSCI Eurozone ETF | New | 0.02% | +0.02 |
| MRVL Marvell Technology Inc. | Add +1.7% | 0.08% | +0.02 |
| HALO Halozyme Therapeutics Inc. | Add +91.9% | 0.05% | +0.02 |
| WDH Waterdrop Inc. | New | 0.02% | +0.02 |
| COF Capital One Financial Corp. | New | 0.02% | +0.02 |
| EXEL Exelixis Inc. | Add +20.4% | 0.05% | +0.02 |
| PTGX Protagonist Therapeutics Inc. | Add +117.3% | 0.02% | +0.01 |
| CRDO Credo Technology Group Holdi | New | 0.01% | +0.01 |
| BBIO Bridgebio Pharma Inc. | Add +16.3% | 0.05% | +0.01 |
| ZH Zhihu Inc. - ADR | Add +72.8% | 0.04% | +0.01 |
| TTWO Take-Two Interactive Softwre | Add +9.7% | 0.06% | +0.01 |
| HOOD Robinhood Markets Inc. Class A | New | 0.01% | +0.01 |
| AKRO Akero Therapeutics Inc. | Add +50.1% | 0.03% | +0.01 |
| ROIV Roivant Sciences Ltd. | Add +42.4% | 0.04% | +0.01 |
| MRNA Moderna Inc. | Add +28.8% | 0.06% | +0.01 |
| PTCT PTC Therapeutics Inc. | Add +104.3% | 0.03% | +0.01 |
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 |