E Fund Management (Hong Kong) Co., Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), E Fund Management (Hong Kong) Co., Ltd. reported 158 stock positions worth $111.6 million. Its top holding was PDD (PDD) at 29.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 15.0%) and SS SPDR S&P 500 ETF Trust-US (SPY, 8.5%). Compared with Q4 2024, it opened 26 new positions, sold out of 31, added to 100 and reduced 29. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +7%) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001777469
- Portfolio Value
- $111.6M (Q1 2025)
- SEC Filing
- 0001777469-25-000002 ↗ filed Apr 23, 2025
Holdings Value
Holdings 158 stocks · $111.6M
| PDD PDD Holdings Inc. | 29.87% | 281,551 | $33.3M | Reduce -30.5% |
| IVV iShares Core S&P 500 ETF | 14.99% | 29,767 | $16.7M | Add +7.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 8.49% | 16,922 | $9.5M | Reduce -5.8% |
| YUMC Yum China Holdings Inc. | 7.18% | 153,800 | $8.0M | Reduce -30.9% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 5.08% | 281,841 | $5.7M | Reduce -24.4% |
| TME Tencent Music Entertainm-ADR | 3.94% | 304,924 | $4.4M | Reduce -30.3% |
| HTHT H World Group Ltd.-ADR | 2.79% | 84,101 | $3.1M | Reduce -29.1% |
| TAL Tal Education Group- ADR | 1.98% | 167,385 | $2.2M | Reduce -30.3% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 1.90% | 47,274 | $2.1M | Reduce -30.3% |
| VIPS Vipshop Holdings Ltd. - ADR | 1.86% | 132,614 | $2.1M | Reduce -33.4% |
| BZ Kanzhun Ltd. - ADR | 1.84% | 107,133 | $2.1M | Reduce -30.9% |
| TLT iShares 20+ Year Treasury BD | 1.17% | 14,330 | $1.3M | Reduce -69.3% |
| ATHM Autohome Inc.-ADR | 0.99% | 40,008 | $1.1M | Reduce -23.9% |
| ATAT Atour Lifestyle Holdings-ADR | 0.92% | 36,339 | $1.0M | New |
| LEGN Legend Biotech Corp.-ADR | 0.91% | 29,928 | $1.0M | Reduce -30.5% |
| SOHU Sohu.com Ltd.-ADR | 0.75% | 63,682 | $839K | Add +39.8% |
| JOYY Joyy Inc.-ADR | 0.74% | 19,723 | $828K | Add +179.8% |
| INTC Intel Corp. | 0.72% | 35,422 | $804K | Add +10108.1% |
| LX Lexinfintech Holdings L-ADR | 0.69% | 76,800 | $775K | No change |
| AAPL Apple Inc. | 0.64% | 3,231 | $718K | Add +78.5% |
| VOO Vanguard S&P 500 ETF | 0.64% | 1,398 | $718K | Add +54.3% |
| MOMO Hello Group Inc. -SPN ADR | 0.63% | 111,601 | $704K | Add +352.2% |
| YALA Yalla Group Ltd. | 0.58% | 123,354 | $644K | New |
| MSFT Microsoft Corp. | 0.55% | 1,641 | $616K | Add +53.5% |
| EDV Vanguard Extended Dur Treas | 0.50% | 7,789 | $554K | New |
| NVDA Nvidia Corp. | 0.43% | 4,477 | $485K | Add +458.9% |
| ZH Zhihu Inc. - ADR | 0.43% | 113,099 | $483K | Reduce -25.0% |
| AMZN Amazon.com Inc. | 0.38% | 2,229 | $424K | Add +56.6% |
| META Meta Platforms Inc. Class A | 0.36% | 688 | $397K | Add +64.2% |
| TLH iShares 10-20 Year Treasury | 0.33% | 3,583 | $372K | New |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 0.33% | 5,139 | $368K | New |
| CMCM Cheetah Mobile Inc. - ADR | 0.27% | 71,363 | $305K | New |
| NFLX Netflix Inc. | 0.27% | 322 | $300K | Add +74.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.25% | 1,424 | $275K | Add +161.3% |
| GOOG Alphabet Inc. Class C | 0.24% | 1,711 | $267K | Add +85.2% |
| AVGO Broadcom Inc. | 0.22% | 1,456 | $244K | Reduce -51.7% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.21% | 2,276 | $233K | Add +167.1% |
| YMM Full Truck Alliance -SPN ADR | 0.20% | 17,358 | $222K | New |
| COST Costco Wholesale Corp. | 0.18% | 208 | $197K | Add +65.1% |
| OCFT Oneconnect Financial Techno | 0.16% | 26,775 | $179K | New |
| TSLA Tesla Inc. | 0.16% | 692 | $179K | Add +486.4% |
| GOOGL Alphabet Inc. Class A | 0.15% | 1,111 | $172K | Add +461.1% |
| ORLY O'reilly Automotive Inc. | 0.13% | 103 | $148K | Add +2475.0% |
| MA Mastercard Inc. Class A | 0.13% | 261 | $143K | No change |
| TMUS T-Mobile US Inc. | 0.13% | 535 | $143K | Add +475.3% |
| SE Sea Ltd.-ADR | 0.12% | 992 | $129K | New |
| MNST Monster Beverage Corp. | 0.11% | 2,086 | $122K | Add +35.2% |
| CSCO Cisco Systems Inc. | 0.10% | 1,864 | $115K | Add +480.7% |
| AWK American Water Works Co. Inc. | 0.10% | 754 | $111K | New |
| EXE Expand Energy Corp. | 0.10% | 989 | $110K | Add +39.9% |
| MSCI MSCI Inc. | 0.10% | 192 | $109K | Reduce -45.1% |
| TW Tradeweb Markets Inc. Class A | 0.10% | 733 | $109K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.10% | 202 | $108K | New |
| BTI British American Tob-SP ADR | 0.10% | 2,612 | $108K | Add +8.1% |
| V Visa Inc. Class A | 0.10% | 304 | $107K | New |
| MMYT Makemytrip Ltd. | 0.10% | 1,092 | $107K | New |
| SPGI S&P Global Inc. | 0.10% | 209 | $106K | Add +64.6% |
| MSI Motorola Solutions Inc. | 0.09% | 240 | $105K | Add +220.0% |
| CCI Crown Castle Inc. | 0.09% | 995 | $104K | New |
| AZO AutoZone Inc. | 0.09% | 27 | $103K | New |
| KO The Coca-Cola Co. | 0.09% | 1,445 | $103K | New |
| LIN Linde PLC | 0.09% | 222 | $103K | New |
| PEP Pepsico Inc. | 0.09% | 643 | $96K | Add +484.6% |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 1,054 | $89K | Add +498.9% |
| JPM JPMorgan Chase & Co. | 0.08% | 349 | $86K | Add +17.5% |
| ISRG Intuitive Surgical Inc. | 0.07% | 167 | $83K | Add +475.9% |
| MCO Moody's Corp. | 0.07% | 175 | $81K | Add +3.5% |
| INTU Intuit Inc. | 0.07% | 131 | $80K | Add +469.6% |
| QCOM Qualcomm Inc. | 0.07% | 518 | $80K | Add +482.0% |
| AMGN Amgen Inc. | 0.07% | 252 | $79K | Add +486.1% |
| ADBE Adobe Inc. | 0.07% | 204 | $78K | Add +482.9% |
| AMD Advanced Micro Devices | 0.07% | 759 | $78K | Add +479.4% |
| HWM Howmet Aerospace Inc. | 0.07% | 599 | $78K | Reduce -53.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 312 | $78K | New |
| GE General Electric filed as GE AEROSPACE | 0.07% | 387 | $77K | Reduce -42.5% |
| TXN Texas Instruments Inc. | 0.07% | 427 | $77K | Add +484.9% |
| BKNG Booking Holdings Inc. | 0.07% | 16 | $74K | Add +433.3% |
| CCG Cheche Group Inc. | 0.06% | 83,069 | $71K | New |
| CPRT Copart Inc. | 0.06% | 1,235 | $70K | Reduce -27.5% |
| CMCSA Comcast Corp. Class A | 0.06% | 1,767 | $65K | Add +475.6% |
| GILD Gilead Sciences Inc. | 0.06% | 584 | $65K | Add +484.0% |
| HON Honeywell International Inc. | 0.06% | 305 | $65K | Add +486.5% |
| ADP Automatic Data Processing | 0.05% | 196 | $60K | Add +493.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.05% | 120 | $58K | Add +471.4% |
| PANW Palo Alto Networks Inc. | 0.05% | 330 | $56K | Add +35.8% |
| AMAT Applied Materials Inc. | 0.05% | 381 | $55K | Add +477.3% |
| SBUX Starbucks Corp. | 0.05% | 562 | $55K | Add +517.6% |
| SAP Sap SE-Sponsored ADR | 0.05% | 198 | $53K | New |
| DUK Duke Energy Corp. | 0.05% | 424 | $52K | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.05% | 430 | $52K | Reduce -35.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.05% | 149 | $51K | Add +21.1% |
| PGR Progressive Corp. | 0.05% | 181 | $51K | Reduce -35.6% |
| ADI Analog Devices Inc. | 0.04% | 242 | $49K | Add +505.0% |
| IDXX Idexx Laboratories Inc. | 0.04% | 114 | $48K | Reduce -30.5% |
| MU Micron Technology Inc. | 0.04% | 552 | $48K | Add +513.3% |
| KLAC KLA Corp. | 0.04% | 69 | $47K | Add +527.3% |
| LRCX Lam Research Corp. | 0.04% | 621 | $45K | Add +497.1% |
| CTAS Cintas Corp. | 0.04% | 209 | $43K | Add +646.4% |
| APP AppLovin Corp. Class A | 0.04% | 150 | $40K | Add +525.0% |
| MELI MercadoLibre Inc. | 0.03% | 19 | $37K | Add +375.0% |
Portfolio Sells Q4 2024 → Q1 2025
| TLT iShares 20+ Year Treasury BD | Reduce -69.3% | 1.17% | −2.09 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Sold out | 0.00% | −1.49 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −1.49 |
| PDD PDD Holdings Inc. | Reduce -30.5% | 29.87% | −1.47 |
| YUMC Yum China Holdings Inc. | Reduce -30.9% | 7.18% | −1.38 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.99 |
| BEKE Ke Holdings Inc.-ADR | Reduce -24.4% | 5.08% | −0.40 |
| AVGO Broadcom Inc. | Reduce -51.7% | 0.22% | −0.34 |
| HTHT H World Group Ltd.-ADR | Reduce -29.1% | 2.79% | −0.34 |
| HUYA Huya Inc.-ADR | Sold out | 0.00% | −0.30 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -33.4% | 1.86% | −0.27 |
| LEGN Legend Biotech Corp.-ADR | Reduce -30.5% | 0.91% | −0.21 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.20 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.20 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -30.3% | 1.90% | −0.17 |
| HIMX Himax Technologies Inc.-ADR | Sold out | 0.00% | −0.13 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.11 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.11 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.11 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.11 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.10 |
| IT Gartner Inc. | Sold out | 0.00% | −0.10 |
| DDOG Datadog Inc. Class A | Reduce -94.1% | 0.00% | −0.10 |
| ATHM Autohome Inc.-ADR | Reduce -23.9% | 0.99% | −0.09 |
| TTD Trade Desk Inc./the Class A | Reduce -88.5% | 0.01% | −0.09 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.08 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.08 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.08 |
| AS Amer Sports Inc. | Sold out | 0.00% | −0.08 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.08 |
| AXON Axon Enterprise Inc. | Reduce -87.3% | 0.01% | −0.07 |
| MSCI MSCI Inc. | Reduce -45.1% | 0.10% | −0.07 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.06 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.06 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.06 |
| WB Weibo Corp.-Spon ADR | Sold out | 0.00% | −0.06 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.06 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.05 |
| ROST Ross Stores Inc. | Reduce -81.2% | 0.01% | −0.05 |
| HWM Howmet Aerospace Inc. | Reduce -53.1% | 0.07% | −0.04 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.04 |
| COCO The Vita Coco Co. Inc. | Sold out | 0.00% | −0.04 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.03 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.03 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.03 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.03 |
| CSGP Costar Group Inc. | Reduce -86.6% | 0.00% | −0.03 |
| TME Tencent Music Entertainm-ADR | Reduce -30.3% | 3.94% | −0.02 |
| GE General Electric | Reduce -42.5% | 0.07% | −0.02 |
| TJX TJX Companies Inc. | Reduce -35.6% | 0.05% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Add +7.2% | 14.99% | +1.95 |
| ATAT Atour Lifestyle Holdings-ADR | New | 0.92% | +0.92 |
| INTC Intel Corp. | Add +10108.1% | 0.72% | +0.72 |
| YALA Yalla Group Ltd. | New | 0.58% | +0.58 |
| JOYY Joyy Inc.-ADR | Add +179.8% | 0.74% | +0.51 |
| EDV Vanguard Extended Dur Treas | New | 0.50% | +0.50 |
| MOMO Hello Group Inc. -SPN ADR | Add +352.2% | 0.63% | +0.48 |
| NVDA Nvidia Corp. | Add +458.9% | 0.43% | +0.35 |
| TLH iShares 10-20 Year Treasury | New | 0.33% | +0.33 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | New | 0.33% | +0.33 |
| AAPL Apple Inc. | Add +78.5% | 0.64% | +0.28 |
| SOHU Sohu.com Ltd.-ADR | Add +39.8% | 0.75% | +0.27 |
| CMCM Cheetah Mobile Inc. - ADR | New | 0.27% | +0.27 |
| VOO Vanguard S&P 500 ETF | Add +54.3% | 0.64% | +0.25 |
| YMM Full Truck Alliance -SPN ADR | New | 0.20% | +0.20 |
| MSFT Microsoft Corp. | Add +53.5% | 0.55% | +0.19 |
| META Meta Platforms Inc. Class A | Add +64.2% | 0.36% | +0.16 |
| OCFT Oneconnect Financial Techno | New | 0.16% | +0.16 |
| QQQM Invesco Nasdaq 100 ETF | Add +161.3% | 0.25% | +0.15 |
| FUTU Futu Holdings Ltd.-ADR | Add +167.1% | 0.21% | +0.15 |
| NFLX Netflix Inc. | Add +74.0% | 0.27% | +0.14 |
| AMZN Amazon.com Inc. | Add +56.6% | 0.38% | +0.13 |
| ORLY O'reilly Automotive Inc. | Add +2475.0% | 0.13% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +461.1% | 0.15% | +0.12 |
| TSLA Tesla Inc. | Add +486.4% | 0.16% | +0.12 |
| SE Sea Ltd.-ADR | New | 0.12% | +0.12 |
| TMUS T-Mobile US Inc. | Add +475.3% | 0.13% | +0.11 |
| AWK American Water Works Co. Inc. | New | 0.10% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +85.2% | 0.24% | +0.10 |
| TW Tradeweb Markets Inc. Class A | New | 0.10% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.10% | +0.10 |
| V Visa Inc. Class A | New | 0.10% | +0.10 |
| MMYT Makemytrip Ltd. | New | 0.10% | +0.10 |
| CCI Crown Castle Inc. | New | 0.09% | +0.09 |
| AZO AutoZone Inc. | New | 0.09% | +0.09 |
| KO The Coca-Cola Co. | New | 0.09% | +0.09 |
| LIN Linde PLC | New | 0.09% | +0.09 |
| CSCO Cisco Systems Inc. | Add +480.7% | 0.10% | +0.09 |
| COST Costco Wholesale Corp. | Add +65.1% | 0.18% | +0.08 |
| PEP Pepsico Inc. | Add +484.6% | 0.09% | +0.07 |
| IBM Intl Business Machines Corp. | New | 0.07% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +498.9% | 0.08% | +0.07 |
| MSI Motorola Solutions Inc. | Add +220.0% | 0.09% | +0.07 |
| CCG Cheche Group Inc. | New | 0.06% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +475.9% | 0.07% | +0.06 |
| AMGN Amgen Inc. | Add +486.1% | 0.07% | +0.06 |
| INTU Intuit Inc. | Add +469.6% | 0.07% | +0.06 |
| QCOM Qualcomm Inc. | Add +482.0% | 0.07% | +0.06 |
| TXN Texas Instruments Inc. | Add +484.9% | 0.07% | +0.06 |
| ADBE Adobe Inc. | Add +482.9% | 0.07% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 549 | $301.5M | IVV, PDD, NVDA, SPY, AAPL |
| Q1 2026 | 491 | $219.9M | IVV, PDD, NVDA, SPY, AAPL |
| Q4 2025 | 396 | $297.5M | YUMC, PDD, IVV, SPY, NVDA |
| Q3 2025 | 355 | $164.3M | PDD, IVV, SPY, NVDA, YUMC |
| Q2 2025 | 147 | $104.0M | PDD, IVV, SPY, YUMC, TME |
| Q1 2025 | 158 | $111.6M | PDD, IVV, SPY, YUMC, BEKE |
| Q4 2024 | 163 | $125.4M | PDD, IVV, YUMC, SPY, BEKE |
| Q3 2024 | 163 | $167.8M | PDD, IVV, YUMC, BEKE, SPY |
| Q2 2024 | 145 | $163.2M | PDD, IVV, YUMC, SPY, TME |
| Q1 2024 | 75 | $152.7M | PDD, YUMC, IVV, BEKE, ZTO |