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

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $152.7M Q1 2024 Q2 2024: $163.2M Q2 2024 Q3 2024: $167.8M Q3 2024 Q4 2024: $125.4M Q4 2024 Q1 2025: $111.6M $111.6M Q1 2025 Q2 2025: $104.0M Q2 2025 Q3 2025: $164.3M Q3 2025 Q4 2025: $297.5M Q4 2025 Q1 2026: $219.9M Q1 2026 Q2 2026: $301.5M Q2 2026

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%
ROP Roper Technologies Inc. 0.03% 63 $37K Reduce -17.1%
AMT American Tower Corp. 0.03% 144 $31K New
MDLZ Mondelez International Inc. Class A 0.03% 438 $30K Add +376.1%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 77 $27K Add +305.3%
PCAR Paccar Inc. 0.02% 276 $27K Add +666.7%
REGN Regeneron Pharmaceuticals 0.02% 40 $25K Add +344.4%
CEG Constellation Energy 0.02% 117 $24K Add +457.1%
DASH DoorDash Inc. Class A 0.02% 129 $24K Add +377.8%
FTNT Fortinet Inc. 0.02% 251 $24K Add +373.6%
VRSK Verisk Analytics Inc. 0.02% 81 $24K Add +710.0%
CDNS Cadence Design SYS Inc. 0.02% 90 $23K Add +373.7%
CSX CSX Corp. 0.02% 741 $22K Add +461.4%
MAR Marriott International Class A 0.02% 91 $22K Add +378.9%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.02% 75 $22K Add +476.9%
SNPS Synopsys Inc. 0.02% 51 $22K Add +363.6%
EA Electronic Arts Inc. 0.02% 142 $21K Add +576.2%
KHC The Kraft Heinz Co. 0.02% 704 $21K Add +625.8%
PYPL PayPal Holdings Inc. 0.02% 329 $21K Add +306.2%
NXPI NXP Semiconductors NV 0.02% 108 $21K New
MRVL Marvell Technology Inc. 0.02% 324 $20K Add +362.9%
AEP American Electric Power 0.02% 174 $19K Add +370.3%
ASML ASML Holding NV-NY Reg SHS 0.02% 29 $19K New
FAST Fastenal Co. 0.02% 234 $18K Add +317.9%
PAYX Paychex Inc. 0.02% 118 $18K Add +372.0%
KOF Coca-Cola Femsa Sab-SP ADR 0.02% 198 $17K New
XEL Xcel Energy Inc. 0.02% 247 $17K Add +349.1%
WDAY Workday Inc. Class A 0.01% 70 $16K Add +366.7%
ADSK Autodesk Inc. 0.01% 59 $15K Add +293.3%
FANG Diamondback Energy Inc. 0.01% 96 $15K Add +380.0%
EXC Exelon Corp. 0.01% 329 $15K Add +306.2%
KDP Keurig Dr Pepper Inc. 0.01% 449 $15K Add +382.8%
ABNB Airbnb Inc. Class A 0.01% 117 $14K Add +290.0%
AZN Astrazeneca PLC-Spons ADR 0.01% 191 $14K Add +306.4%
BKR Baker Hughes Co. 0.01% 324 $14K Add +241.1%
CHTR Charter Communications Inc. Class A 0.01% 39 $14K Add +290.0%
CTSH Cognizant Tech Solutions-A 0.01% 164 $13K Add +248.9%
AXON Axon Enterprise Inc. 0.01% 22 $12K Reduce -87.3%
GEHC GE Healthcare Technology 0.01% 150 $12K Add +305.4%
ODFL Old Dominion Freight Line 0.01% 70 $12K Add +250.0%
ROST Ross Stores Inc. 0.01% 91 $12K Reduce -81.2%
TEAM Atlassian Corp. Class A 0.01% 53 $11K Add +381.8%
LULU Lululemon Athletica Inc. 0.01% 39 $11K Add +387.5%
TTWO Take-Two Interactive Softwre 0.01% 50 $10K Add +257.1%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 122 $7K Reduce -88.5%
ON On Semiconductor 0.01% 138 $6K Add +626.3%
ZS Zscaler Inc. 0.01% 28 $6K Add +300.0%
ANSS Ansys Inc. 0.00% 15 $5K Add +150.0%
BIIB Biogen Inc. 0.00% 40 $5K Add +300.0%
CSGP Costar Group Inc. 0.00% 69 $5K Reduce -86.6%
DDOG Datadog Inc. Class A 0.00% 53 $5K Reduce -94.1%
DXCM Dexcom Inc. 0.00% 66 $5K Reduce -73.3%
WBD Warner Bros Discovery Inc. 0.00% 446 $5K Add +163.9%
ARM Arm Holdings PLC-ADR 0.00% 34 $4K Add +277.8%
CDW CDW Corp. 0.00% 23 $4K Add +155.6%
MCHP Microchip Technology Inc. 0.00% 91 $4K Add +111.6%
MDB Mongodb Inc. 0.00% 24 $4K Add +300.0%
GFS Globalfoundries Inc. 0.00% 100 $4K Add +163.2%
ASHR Xtrackers Harvest Csi 300 CH 0.00% 37 $1K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 549$301.5MIVV, PDD, NVDA, SPY, AAPL
Q1 2026 491$219.9MIVV, PDD, NVDA, SPY, AAPL
Q4 2025 396$297.5MYUMC, PDD, IVV, SPY, NVDA
Q3 2025 355$164.3MPDD, IVV, SPY, NVDA, YUMC
Q2 2025 147$104.0MPDD, IVV, SPY, YUMC, TME
Q1 2025 158$111.6MPDD, IVV, SPY, YUMC, BEKE
Q4 2024 163$125.4MPDD, IVV, YUMC, SPY, BEKE
Q3 2024 163$167.8MPDD, IVV, YUMC, BEKE, SPY
Q2 2024 145$163.2MPDD, IVV, YUMC, SPY, TME
Q1 2024 75$152.7MPDD, YUMC, IVV, BEKE, ZTO