E Fund Management (Hong Kong) Co., Ltd.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), E Fund Management (Hong Kong) Co., Ltd. reported 147 stock positions worth $104.0 million. Its top holding was PDD (PDD) at 28.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 19.0%) and SS SPDR S&P 500 ETF Trust-US (SPY, 9.6%). Compared with Q1 2025, it opened 19 new positions, sold out of 30, added to 34 and reduced 28. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +7%) and the biggest sale an exit from Ke Holdings Inc.-ADR (BEKE).

Most Recent 13F
Q2 2026
Location
CENTRAL, K3
CIK
0001777469
Portfolio Value
$104.0M (Q2 2025)
SEC Filing
0001777469-25-000003 ↗ filed Jul 24, 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 Q1 2025 Q2 2025: $104.0M $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 147 stocks · $104.0M
PDD PDD Holdings Inc. 28.44% 282,634 $29.6M Add +0.4%
IVV iShares Core S&P 500 ETF 19.01% 31,844 $19.8M Add +7.0%
SPY SS SPDR S&P 500 ETF Trust-US 9.63% 16,209 $10.0M Reduce -4.2%
YUMC Yum China Holdings Inc. 6.55% 152,454 $6.8M Reduce -0.9%
TME Tencent Music Entertainm-ADR 5.72% 305,342 $6.0M Add +0.1%
HTHT H World Group Ltd.-ADR 2.70% 82,800 $2.8M Reduce -1.6%
BZ Kanzhun Ltd. - ADR 2.04% 118,682 $2.1M Add +10.8%
VIPS Vipshop Holdings Ltd. - ADR 1.93% 133,271 $2.0M Add +0.5%
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 1.78% 42,783 $1.9M Reduce -9.5%
TAL Tal Education Group- ADR 1.65% 167,614 $1.7M Add +0.1%
ATHM Autohome Inc.-ADR 1.39% 56,220 $1.4M Add +40.5%
NVDA Nvidia Corp. 0.95% 6,258 $989K Add +39.8%
MSFT Microsoft Corp. 0.94% 1,966 $978K Add +19.8%
LEGN Legend Biotech Corp.-ADR 0.89% 26,132 $927K Reduce -12.7%
SOHU Sohu.com Ltd.-ADR 0.88% 68,476 $911K Add +7.5%
AVGO Broadcom Inc. 0.75% 2,831 $780K Add +94.4%
ZH Zhihu Inc. - ADR 0.75% 195,463 $778K Add +72.8%
JOYY Joyy Inc.-ADR 0.74% 15,217 $775K Reduce -22.9%
MOMO Hello Group Inc. -SPN ADR 0.73% 90,227 $762K Reduce -19.1%
TLT iShares 20+ Year Treasury BD 0.70% 8,218 $725K Reduce -42.6%
AMZN Amazon.com Inc. 0.59% 2,803 $615K Add +25.8%
AAPL Apple Inc. 0.56% 2,819 $578K Reduce -12.8%
META Meta Platforms Inc. Class A 0.51% 722 $533K Add +4.9%
VOO Vanguard S&P 500 ETF 0.51% 935 $531K Reduce -33.1%
NFLX Netflix Inc. 0.41% 317 $425K Reduce -1.6%
RERE Atrenew Inc. 0.39% 122,540 $406K New
YALA Yalla Group Ltd. 0.37% 56,442 $380K Reduce -54.2%
WDH Waterdrop Inc. 0.36% 275,323 $372K New
CMCM Cheetah Mobile Inc. - ADR 0.32% 71,363 $334K No change
TSM Taiwan Semiconductor-SP ADR 0.28% 1,289 $292K New
NOW ServiceNow Inc. 0.26% 259 $266K New
AMD Advanced Micro Devices 0.25% 1,841 $261K Add +142.6%
GOOG Alphabet Inc. Class C 0.25% 1,446 $257K Reduce -15.5%
TSLA Tesla Inc. 0.21% 674 $214K Reduce -2.6%
COST Costco Wholesale Corp. 0.19% 200 $198K Reduce -3.9%
GOOGL Alphabet Inc. Class A 0.19% 1,111 $196K No change
DASH DoorDash Inc. Class A 0.19% 786 $194K Add +509.3%
SE Sea Ltd.-ADR 0.17% 1,101 $176K Add +11.0%
ARM Arm Holdings PLC-ADR 0.17% 1,064 $172K Add +3029.4%
DDOG Datadog Inc. Class A 0.16% 1,271 $171K Add +2298.1%
VRT Vertiv Holdings Co. Class A 0.15% 1,191 $153K New
CELH Celsius Holdings Inc. 0.14% 3,190 $148K New
RBLX Roblox Corp. Class A 0.14% 1,395 $147K New
ORCL Oracle Corp. 0.14% 664 $145K New
GE General Electric filed as GE AEROSPACE 0.14% 563 $145K Add +45.5%
CYD China Yuchai Intl Ltd. 0.14% 6,013 $144K New
PLTR Palantir Technologies Inc. Class A 0.14% 1,054 $144K No change
JCI Johnson Controls Internation 0.13% 1,317 $139K New
RBRK Rubrik Inc. Class A 0.13% 1,520 $136K New
BTI British American Tob-SP ADR 0.13% 2,871 $136K Add +9.9%
SAP Sap SE-Sponsored ADR 0.13% 445 $135K Add +124.8%
CSCO Cisco Systems Inc. 0.12% 1,864 $129K No change
TMUS T-Mobile US Inc. 0.12% 535 $127K No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.11% 927 $115K Reduce -59.3%
LIN Linde PLC 0.10% 222 $104K No change
INTU Intuit Inc. 0.10% 131 $103K No change
JFIN Jiayin Group Inc.-ADR 0.10% 6,243 $100K New
EXE Expand Energy Corp. 0.09% 837 $98K Reduce -15.4%
MSCI MSCI Inc. 0.09% 169 $97K Reduce -12.0%
BKNG Booking Holdings Inc. 0.09% 16 $93K No change
ISRG Intuitive Surgical Inc. 0.09% 167 $91K No change
TXN Texas Instruments Inc. 0.09% 427 $89K No change
PEP Pepsico Inc. 0.08% 643 $85K No change
RCL Royal Caribbean Cruises Ltd. 0.08% 264 $83K New
QCOM Qualcomm Inc. 0.08% 518 $82K No change
QQQM Invesco Nasdaq 100 ETF 0.08% 362 $82K Reduce -74.6%
ADBE Adobe Inc. 0.08% 204 $79K No change
CCJ Cameco Corp. 0.07% 1,040 $77K New
RDDT Reddit Inc. Class A 0.07% 506 $76K New
HOOD Robinhood Markets Inc. Class A 0.07% 801 $75K New
COIN Coinbase Global Inc. Class A 0.07% 206 $72K New
HON Honeywell International Inc. 0.07% 305 $71K No change
AMGN Amgen Inc. 0.07% 252 $70K No change
AMAT Applied Materials Inc. 0.07% 381 $70K No change
MU Micron Technology Inc. 0.07% 552 $68K No change
AXON Axon Enterprise Inc. 0.07% 82 $68K Add +272.7%
PANW Palo Alto Networks Inc. 0.06% 330 $68K No change
SPGI S&P Global Inc. 0.06% 124 $65K Reduce -40.7%
GILD Gilead Sciences Inc. 0.06% 584 $65K No change
CMCSA Comcast Corp. Class A 0.06% 1,767 $63K No change
MELI MercadoLibre Inc. 0.06% 24 $63K Add +26.3%
KLAC KLA Corp. 0.06% 69 $62K No change
LRCX Lam Research Corp. 0.06% 621 $60K No change
ADP Automatic Data Processing 0.06% 196 $60K No change
CRWD CrowdStrike Holdings Inc. Class A 0.06% 116 $59K Add +50.6%
SHOP Shopify Inc. Class A 0.06% 500 $58K New
ADI Analog Devices Inc. 0.06% 242 $58K No change
VRTX Vertex Pharmaceuticals Inc. 0.05% 120 $53K No change
APP AppLovin Corp. Class A 0.05% 150 $53K No change
SBUX Starbucks Corp. 0.05% 562 $51K No change
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.05% 118 $48K Add +57.3%
INTC Intel Corp. 0.05% 2,099 $47K Reduce -94.1%
CTAS Cintas Corp. 0.04% 209 $47K No change
ORLY O'reilly Automotive Inc. 0.04% 450 $41K Reduce -70.9%
MDLZ Mondelez International Inc. Class A 0.04% 601 $41K Add +37.2%
CDNS Cadence Design SYS Inc. 0.04% 127 $39K Add +41.1%
CEG Constellation Energy 0.04% 117 $38K No change
FTNT Fortinet Inc. 0.04% 355 $38K Add +41.4%
ADSK Autodesk Inc. 0.03% 99 $31K Add +67.8%
ROP Roper Technologies Inc. 0.03% 50 $28K Reduce -20.6%
ABNB Airbnb Inc. Class A 0.03% 200 $26K Add +70.9%
PCAR Paccar Inc. 0.03% 276 $26K No change
SNPS Synopsys Inc. 0.03% 51 $26K No change
VRSK Verisk Analytics Inc. 0.02% 81 $25K No change
MRVL Marvell Technology Inc. 0.02% 324 $25K No change
MAR Marriott International Class A 0.02% 91 $25K No change
PYPL PayPal Holdings Inc. 0.02% 329 $24K No change
CSX CSX Corp. 0.02% 741 $24K No change
NXPI NXP Semiconductors NV 0.02% 108 $24K No change
ASML ASML Holding NV-NY Reg SHS 0.02% 29 $23K No change
ZS Zscaler Inc. 0.02% 72 $23K Add +157.1%
REGN Regeneron Pharmaceuticals 0.02% 40 $21K No change
MNST Monster Beverage Corp. 0.02% 318 $20K Reduce -84.8%
IDXX Idexx Laboratories Inc. 0.02% 37 $20K Reduce -67.5%
FAST Fastenal Co. 0.02% 468 $20K No change
CCEP Coca-Cola Europacific Partne 0.02% 198 $18K New
AEP American Electric Power 0.02% 174 $18K No change
MCHP Microchip Technology Inc. 0.02% 250 $18K Add +174.7%
PAYX Paychex Inc. 0.02% 118 $17K No change
XEL Xcel Energy Inc. 0.02% 247 $17K No change
WDAY Workday Inc. Class A 0.02% 70 $17K No change
CHTR Charter Communications Inc. Class A 0.02% 39 $16K No change
CSGP Costar Group Inc. 0.02% 196 $16K Add +184.1%
CPRT Copart Inc. 0.01% 316 $16K Reduce -74.4%
KDP Keurig Dr Pepper Inc. 0.01% 449 $15K No change
EXC Exelon Corp. 0.01% 329 $14K No change
AZN Astrazeneca PLC-Spons ADR 0.01% 191 $13K No change
FANG Diamondback Energy Inc. 0.01% 96 $13K No change
CTSH Cognizant Tech Solutions-A 0.01% 164 $13K No change
BKR Baker Hughes Co. 0.01% 324 $12K No change
TTWO Take-Two Interactive Softwre 0.01% 50 $12K No change
ROST Ross Stores Inc. 0.01% 91 $12K No change
EA Electronic Arts Inc. 0.01% 72 $11K Reduce -49.3%
ODFL Old Dominion Freight Line 0.01% 70 $11K No change
GEHC GE Healthcare Technology 0.01% 150 $11K No change
TEAM Atlassian Corp. Class A 0.01% 53 $11K No change
LULU Lululemon Athletica Inc. 0.01% 39 $9K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 122 $9K No change
KHC The Kraft Heinz Co. 0.01% 304 $8K Reduce -56.8%
ON On Semiconductor 0.01% 138 $7K No change
DXCM Dexcom Inc. 0.01% 66 $6K No change
ANSS Ansys Inc. 0.01% 15 $5K No change
WBD Warner Bros Discovery Inc. 0.00% 446 $5K No change
BIIB Biogen Inc. 0.00% 40 $5K No change
CDW CDW Corp. 0.00% 23 $4K No change
GFS Globalfoundries Inc. 0.00% 100 $4K No change
ASHR Xtrackers Harvest Csi 300 CH 0.00% 37 $1K No change

Portfolio Sells Q1 2025 → Q2 2025
BEKE Ke Holdings Inc.-ADR Sold out 0.00% −5.08
ATAT Atour Lifestyle Holdings-ADR Sold out 0.00% −0.92
LX Lexinfintech Holdings L-ADR Sold out 0.00% −0.69
INTC Intel Corp. Reduce -94.1% 0.05% −0.68
YUMC Yum China Holdings Inc. Reduce -0.9% 6.55% −0.62
EDV Vanguard Extended Dur Treas Sold out 0.00% −0.50
TLT iShares 20+ Year Treasury BD Reduce -42.6% 0.70% −0.47
TLH iShares 10-20 Year Treasury Sold out 0.00% −0.33
ZROZ PIMCO 25+ YR Zero CPN US Tif Sold out 0.00% −0.33
YALA Yalla Group Ltd. Reduce -54.2% 0.37% −0.21
YMM Full Truck Alliance -SPN ADR Sold out 0.00% −0.20
QQQM Invesco Nasdaq 100 ETF Reduce -74.6% 0.08% −0.17
OCFT Oneconnect Financial Techno Sold out 0.00% −0.16
VOO Vanguard S&P 500 ETF Reduce -33.1% 0.51% −0.13
MA Mastercard Inc. Class A Sold out 0.00% −0.13
QFIN Qfin Holdings Inc.-ADR Reduce -9.5% 1.78% −0.12
AWK American Water Works Co. Inc. Sold out 0.00% −0.10
FUTU Futu Holdings Ltd.-ADR Reduce -59.3% 0.11% −0.10
TW Tradeweb Markets Inc. Class A Sold out 0.00% −0.10
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.10
V Visa Inc. Class A Sold out 0.00% −0.10
MMYT Makemytrip Ltd. Sold out 0.00% −0.10
MSI Motorola Solutions Inc. Sold out 0.00% −0.09
ORLY O'reilly Automotive Inc. Reduce -70.9% 0.04% −0.09
CCI Crown Castle Inc. Sold out 0.00% −0.09
AZO AutoZone Inc. Sold out 0.00% −0.09
KO The Coca-Cola Co. Sold out 0.00% −0.09
HTHT H World Group Ltd.-ADR Reduce -1.6% 2.70% −0.09
MNST Monster Beverage Corp. Reduce -84.8% 0.02% −0.09
AAPL Apple Inc. Reduce -12.8% 0.56% −0.09
JPM JPMorgan Chase & Co. Sold out 0.00% −0.08
MCO Moody's Corp. Sold out 0.00% −0.07
HWM Howmet Aerospace Inc. Sold out 0.00% −0.07
IBM Intl Business Machines Corp. Sold out 0.00% −0.07
CCG Cheche Group Inc. Sold out 0.00% −0.06
CPRT Copart Inc. Reduce -74.4% 0.01% −0.05
DUK Duke Energy Corp. Sold out 0.00% −0.05
TJX TJX Companies Inc. Sold out 0.00% −0.05
AJG Arthur J Gallagher & Co. Sold out 0.00% −0.05
PGR Progressive Corp. Sold out 0.00% −0.05
SPGI S&P Global Inc. Reduce -40.7% 0.06% −0.03
AMT American Tower Corp. Sold out 0.00% −0.03
IDXX Idexx Laboratories Inc. Reduce -67.5% 0.02% −0.02
LEGN Legend Biotech Corp.-ADR Reduce -12.7% 0.89% −0.02
KOF Coca-Cola Femsa Sab-SP ADR Sold out 0.00% −0.02
KHC The Kraft Heinz Co. Reduce -56.8% 0.01% −0.01
EA Electronic Arts Inc. Reduce -49.3% 0.01% −0.01
ROP Roper Technologies Inc. Reduce -20.6% 0.03% −0.01
EXE Expand Energy Corp. Reduce -15.4% 0.09% −0.00
MSCI MSCI Inc. Reduce -12.0% 0.09% −0.00

Portfolio Buys Q1 2025 → Q2 2025
IVV iShares Core S&P 500 ETF Add +7.0% 19.01% +4.02
TME Tencent Music Entertainm-ADR Add +0.1% 5.72% +1.78
AVGO Broadcom Inc. Add +94.4% 0.75% +0.53
NVDA Nvidia Corp. Add +39.8% 0.95% +0.52
ATHM Autohome Inc.-ADR Add +40.5% 1.39% +0.40
RERE Atrenew Inc. New 0.39% +0.39
MSFT Microsoft Corp. Add +19.8% 0.94% +0.39
WDH Waterdrop Inc. New 0.36% +0.36
ZH Zhihu Inc. - ADR Add +72.8% 0.75% +0.32
TSM Taiwan Semiconductor-SP ADR New 0.28% +0.28
NOW ServiceNow Inc. New 0.26% +0.26
AMZN Amazon.com Inc. Add +25.8% 0.59% +0.21
BZ Kanzhun Ltd. - ADR Add +10.8% 2.04% +0.19
AMD Advanced Micro Devices Add +142.6% 0.25% +0.18
DASH DoorDash Inc. Class A Add +509.3% 0.19% +0.16
ARM Arm Holdings PLC-ADR Add +3029.4% 0.17% +0.16
DDOG Datadog Inc. Class A Add +2298.1% 0.16% +0.16
META Meta Platforms Inc. Class A Add +4.9% 0.51% +0.16
VRT Vertiv Holdings Co. Class A New 0.15% +0.15
CELH Celsius Holdings Inc. New 0.14% +0.14
RBLX Roblox Corp. Class A New 0.14% +0.14
ORCL Oracle Corp. New 0.14% +0.14
CYD China Yuchai Intl Ltd. New 0.14% +0.14
JCI Johnson Controls Internation New 0.13% +0.13
RBRK Rubrik Inc. Class A New 0.13% +0.13
SOHU Sohu.com Ltd.-ADR Add +7.5% 0.88% +0.12
JFIN Jiayin Group Inc.-ADR New 0.10% +0.10
SAP Sap SE-Sponsored ADR Add +124.8% 0.13% +0.08
RCL Royal Caribbean Cruises Ltd. New 0.08% +0.08
CCJ Cameco Corp. New 0.07% +0.07
RDDT Reddit Inc. Class A New 0.07% +0.07
HOOD Robinhood Markets Inc. Class A New 0.07% +0.07
GE General Electric Add +45.5% 0.14% +0.07
COIN Coinbase Global Inc. Class A New 0.07% +0.07
VIPS Vipshop Holdings Ltd. - ADR Add +0.5% 1.93% +0.06
SHOP Shopify Inc. Class A New 0.06% +0.06
AXON Axon Enterprise Inc. Add +272.7% 0.07% +0.05
SE Sea Ltd.-ADR Add +11.0% 0.17% +0.05
BTI British American Tob-SP ADR Add +9.9% 0.13% +0.03
CRWD CrowdStrike Holdings Inc. Class A Add +50.6% 0.06% +0.03
MELI MercadoLibre Inc. Add +26.3% 0.06% +0.03
MSTR Strategy Inc. Add +57.3% 0.05% +0.03
CCEP Coca-Cola Europacific Partne New 0.02% +0.02
CDNS Cadence Design SYS Inc. Add +41.1% 0.04% +0.02
ZS Zscaler Inc. Add +157.1% 0.02% +0.02
ADSK Autodesk Inc. Add +67.8% 0.03% +0.02
FTNT Fortinet Inc. Add +41.4% 0.04% +0.01
MCHP Microchip Technology Inc. Add +174.7% 0.02% +0.01
ABNB Airbnb Inc. Class A Add +70.9% 0.03% +0.01
MDLZ Mondelez International Inc. Class A Add +37.2% 0.04% +0.01

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