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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), E Fund Management (Hong Kong) Co., Ltd. reported 396 stock positions worth $297.5 million. Its top holding was Yum China (YUMC) at 19.5% of the portfolio, followed by PDD (PDD, 10.2%) and iShares Core S&P 500 ETF (IVV, 9.7%). Compared with Q3 2025, it opened 59 new positions, sold out of 19, added to 171 and reduced 19. The biggest buy was a new position in Agnico Eagle Mines (AEM) and the biggest sale Tencent Music Entertainm-ADR (TME, shares −1%).

Most Recent 13F
Q2 2026
Location
CENTRAL, K3
CIK
0001777469
Portfolio Value
$297.5M (Q4 2025)
SEC Filing
0001777469-26-000001 ↗ filed Feb 5, 2026

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 Q2 2025 Q3 2025: $164.3M Q3 2025 Q4 2025: $297.5M $297.5M Q4 2025 Q1 2026: $219.9M Q1 2026 Q2 2026: $301.5M Q2 2026

Holdings 396 stocks · $297.5M
YUMC Yum China Holdings Inc. 19.54% 148,350 $58.1M Reduce -1.6%
PDD PDD Holdings Inc. 10.18% 292,834 $30.3M Add +1.4%
IVV iShares Core S&P 500 ETF 9.73% 41,442 $28.9M Add +19.4%
SPY SS SPDR S&P 500 ETF Trust-US 3.79% 16,193 $11.3M Add +4.0%
NVDA Nvidia Corp. 3.66% 58,657 $10.9M Add +42.1%
AAPL Apple Inc. 3.32% 36,621 $9.9M Add +48.5%
AEM Agnico Eagle Mines Ltd. 2.71% 30,941 $8.1M New
NEM Newmont Corp. 2.56% 67,604 $7.6M Add +6633.5%
MSFT Microsoft Corp. 2.36% 16,561 $7.0M Add +32.4%
B Barrick Mining Corp. 2.23% 104,821 $6.6M New
AMZN Amazon.com Inc. 2.12% 25,943 $6.3M Add +54.4%
GOOG Alphabet Inc. Class C 1.61% 13,912 $4.8M Add +57.0%
META Meta Platforms Inc. Class A 1.56% 6,579 $4.6M Add +71.6%
GOOGL Alphabet Inc. Class A 1.49% 12,937 $4.4M Add +37.8%
AVGO Broadcom Inc. 1.38% 12,415 $4.1M Add +26.0%
TME Tencent Music Entertainm-ADR 1.28% 229,467 $3.8M Reduce -1.4%
HTHT H World Group Ltd.-ADR 1.27% 80,067 $3.8M Reduce -1.1%
TSLA Tesla Inc. 1.14% 8,060 $3.4M Add +38.0%
KGC Kinross Gold Corp. 1.08% 74,571 $3.2M New
ATO Atmos Energy Corp. 0.99% 30,967 $2.9M New
BZ Kanzhun Ltd. - ADR 0.95% 149,871 $2.8M No change
TSM Taiwan Semiconductor-SP ADR 0.81% 7,089 $2.4M No change
VIPS Vipshop Holdings Ltd. - ADR 0.72% 124,711 $2.2M Reduce -6.4%
MU Micron Technology Inc. 0.71% 4,821 $2.1M Add +383.6%
SOHU Sohu.com Ltd.-ADR 0.70% 121,766 $2.1M Add +3.6%
TAL Tal Education Group- ADR 0.68% 167,614 $2.0M No change
WMT Walmart Inc. 0.67% 15,976 $2.0M Add +59070.4%
AMD Advanced Micro Devices 0.64% 7,736 $1.9M Add +123.7%
PAAS Pan American Silver Corp. 0.64% 25,881 $1.9M New
ZH Zhihu Inc. - ADR 0.62% 518,652 $1.8M Add +122.2%
COST Costco Wholesale Corp. 0.58% 1,792 $1.7M Add +371.6%
ATHM Autohome Inc.-ADR 0.58% 79,418 $1.7M Add +75.4%
ASML ASML Holding NV-NY Reg SHS 0.52% 1,083 $1.6M Add +90.3%
DSX Diana Shipping Inc. 0.51% 668,660 $1.5M Add +3.2%
NFLX Netflix Inc. 0.49% 17,747 $1.5M Add +78.9%
PLTR Palantir Technologies Inc. Class A 0.48% 9,621 $1.4M Add +103.6%
CSCO Cisco Systems Inc. 0.45% 16,642 $1.3M Add +94.9%
AGI Alamos Gold Inc. Class A 0.44% 25,836 $1.3M New
INTC Intel Corp. 0.41% 24,819 $1.2M Add +534.1%
HTT High Templar Tech Limited 0.38% 398,411 $1.1M Add +25.5%
LRCX Lam Research Corp. 0.32% 4,058 $964K Add +248.0%
IAG Iamgold Corp. 0.29% 34,211 $850K New
EQX Equinox Gold Corp. 0.29% 43,831 $849K New
AMAT Applied Materials Inc. 0.28% 2,579 $847K Add +289.6%
MOMO Hello Group Inc. -SPN ADR 0.27% 119,327 $795K Add +48.6%
CDE Coeur Mining Inc. 0.27% 38,925 $791K New
AG First Majestic Silver Corp. 0.26% 28,216 $787K New
QQQM Invesco Nasdaq 100 ETF 0.25% 2,846 $734K Reduce -50.0%
LIN Linde PLC 0.24% 1,552 $714K Add +299.0%
GEV GE Vernova Inc. 0.24% 928 $701K Add +46300.0%
TMUS T-Mobile US Inc. 0.23% 3,503 $683K Add +291.0%
EGO Eldorado Gold Corp. 0.22% 12,446 $665K New
PEP Pepsico Inc. 0.22% 4,283 $665K Add +225.0%
QFIN Qfin Holdings Inc.-ADR 0.21% 40,936 $636K No change
NGD New Gold Inc. 0.21% 46,611 $635K New
SNDK Sandisk Corp. 0.20% 916 $609K Add +12.9%
AMGN Amgen Inc. 0.20% 1,757 $606K Add +300.2%
TXN Texas Instruments Inc. 0.20% 2,676 $602K Add +293.5%
KLAC KLA Corp. 0.20% 425 $599K Add +300.9%
GILD Gilead Sciences Inc. 0.19% 4,011 $573K Add +259.1%
ISRG Intuitive Surgical Inc. 0.19% 1,150 $571K Add +258.3%
BKNG Booking Holdings Inc. 0.18% 104 $533K Add +271.4%
QCOM Qualcomm Inc. 0.18% 3,419 $522K Add +281.2%
ROST Ross Stores Inc. 0.17% 2,735 $520K Add +1044.3%
LEGN Legend Biotech Corp.-ADR 0.17% 29,922 $513K No change
BTG B2GOLD Corp. 0.17% 76,706 $512K New
SHOP Shopify Inc. Class A 0.17% 3,867 $511K Add +266.2%
ADI Analog Devices Inc. 0.17% 1,605 $509K Add +281.2%
JOYY Joyy Inc.-ADR 0.16% 7,573 $489K Reduce -37.3%
HON Honeywell International Inc. 0.16% 2,146 $488K Add +247.3%
APP AppLovin Corp. Class A 0.16% 997 $482K Add +145.6%
INTU Intuit Inc. 0.15% 892 $435K Add +259.7%
ADBE Adobe Inc. 0.15% 1,478 $434K Add +319.9%
BE Bloom Energy Corp. Class A 0.14% 2,713 $424K Add +441.5%
VRTX Vertex Pharmaceuticals Inc. 0.14% 860 $406K Add +252.5%
PANW Palo Alto Networks Inc. 0.13% 2,280 $400K Add +323.8%
SSRM SSR Mining Inc. 0.13% 12,346 $384K New
CMCSA Comcast Corp. Class A 0.12% 11,866 $351K Add +289.1%
MELI MercadoLibre Inc. 0.12% 163 $350K Add +307.5%
ARM Arm Holdings PLC-ADR 0.11% 3,147 $337K Add +2760.9%
SBUX Starbucks Corp. 0.11% 3,670 $337K Add +271.5%
ADP Automatic Data Processing 0.11% 1,346 $333K Add +283.5%
CRWD CrowdStrike Holdings Inc. Class A 0.11% 749 $329K Add +276.4%
CELH Celsius Holdings Inc. 0.11% 6,359 $326K Add +155.4%
HUYA Huya Inc.-ADR 0.11% 73,594 $326K Reduce -20.3%
SB Safe Bulkers Inc. 0.11% 55,106 $323K Reduce -53.1%
WDC Western Digital Corp. 0.11% 1,158 $313K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 988 $311K Reduce -16.6%
STX Seagate Technology Holdings 0.10% 718 $311K New
JCI Johnson Controls Internation 0.10% 2,459 $302K Add +77.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.10% 1,918 $288K Add +27300.0%
ORLY O'reilly Automotive Inc. 0.10% 2,919 $286K Add +291.3%
MAR Marriott International Class A 0.09% 881 $281K Add +245.5%
MNST Monster Beverage Corp. 0.09% 3,458 $280K Add +427.9%
ORCL Oracle Corp. 0.09% 1,749 $280K Reduce -37.1%
SNPS Synopsys Inc. 0.09% 607 $278K Add +286.6%
DASH DoorDash Inc. Class A 0.09% 1,303 $271K Add +37.0%
CEG Constellation Energy 0.09% 998 $270K Add +271.0%
HEI Heico Corp. 0.09% 813 $270K New
REGN Regeneron Pharmaceuticals 0.09% 347 $262K Add +362.7%

Show all 396 holdings

Portfolio Sells Q3 2025 → Q4 2025
TME Tencent Music Entertainm-ADR Reduce -1.4% 1.28% −2.03
VIPS Vipshop Holdings Ltd. - ADR Reduce -6.4% 0.72% −0.87
HTHT H World Group Ltd.-ADR Reduce -1.1% 1.27% −0.66
QQQM Invesco Nasdaq 100 ETF Reduce -50.0% 0.25% −0.61
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.45
ORCL Oracle Corp. Reduce -37.1% 0.09% −0.38
VOO Vanguard S&P 500 ETF Sold out 0.00% −0.35
API Agora Inc.-ADR Sold out 0.00% −0.32
DQ Daqo New Energy Corp.-ADR Sold out 0.00% −0.31
JOYY Joyy Inc.-ADR Reduce -37.3% 0.16% −0.27
NOW ServiceNow Inc. Reduce -52.9% 0.04% −0.22
SB Safe Bulkers Inc. Reduce -53.1% 0.11% −0.21
UNH Unitedhealth Group Inc. Reduce -94.3% 0.00% −0.18
CRM Salesforce Inc. Reduce -17.9% 0.07% −0.10
IBM Intl Business Machines Corp. Reduce -16.6% 0.10% −0.10
RBLX Roblox Corp. Class A Sold out 0.00% −0.10
URI United Rentals Inc. Sold out 0.00% −0.10
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.10
FUTU Futu Holdings Ltd.-ADR Sold out 0.00% −0.10
UBER Uber Technologies Inc. Reduce -18.5% 0.06% −0.10
HOOD Robinhood Markets Inc. Class A Reduce -97.5% 0.00% −0.08
HUYA Huya Inc.-ADR Reduce -20.3% 0.11% −0.08
CAT Caterpillar Inc. Reduce -68.6% 0.03% −0.07
SE Sea Ltd.-ADR Sold out 0.00% −0.07
TSEM Tower Semiconductor Ltd. Sold out 0.00% −0.06
GRAB Grab Holdings Ltd. Class A Sold out 0.00% −0.05
COIN Coinbase Global Inc. Class A Reduce -99.2% 0.00% −0.05
BAC Bank of America Corp. Reduce -88.6% 0.00% −0.05
CCEP Coca-Cola Europacific Partne Sold out 0.00% −0.02
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.02
CDW CDW Corp. Sold out 0.00% −0.01
ON On Semiconductor Sold out 0.00% −0.01
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.01
GFS Globalfoundries Inc. Sold out 0.00% −0.01
BIIB Biogen Inc. Reduce -82.8% 0.00% −0.01
LULU Lululemon Athletica Inc. Sold out 0.00% −0.00
MHK Mohawk Industries Inc. Sold out 0.00% −0.00
YUMC Yum China Holdings Inc. Reduce -1.6% 19.54% +15.52

Portfolio Buys Q3 2025 → Q4 2025
AEM Agnico Eagle Mines Ltd. New 2.71% +2.71
NEM Newmont Corp. Add +6633.5% 2.56% +2.51
B Barrick Mining Corp. New 2.23% +2.23
KGC Kinross Gold Corp. New 1.08% +1.08
ATO Atmos Energy Corp. New 0.99% +0.99
WMT Walmart Inc. Add +59070.4% 0.67% +0.66
PAAS Pan American Silver Corp. New 0.64% +0.64
MU Micron Technology Inc. Add +383.6% 0.71% +0.61
AGI Alamos Gold Inc. Class A New 0.44% +0.44
COST Costco Wholesale Corp. Add +371.6% 0.58% +0.37
INTC Intel Corp. Add +534.1% 0.41% +0.33
AMD Advanced Micro Devices Add +123.7% 0.64% +0.30
GOOG Alphabet Inc. Class C Add +57.0% 1.61% +0.30
IAG Iamgold Corp. New 0.29% +0.29
EQX Equinox Gold Corp. New 0.29% +0.29
CDE Coeur Mining Inc. New 0.27% +0.27
AG First Majestic Silver Corp. New 0.26% +0.26
GEV GE Vernova Inc. Add +46300.0% 0.24% +0.23
LRCX Lam Research Corp. Add +248.0% 0.32% +0.23
EGO Eldorado Gold Corp. New 0.22% +0.22
NGD New Gold Inc. New 0.21% +0.21
AMAT Applied Materials Inc. Add +289.6% 0.28% +0.20
ASML ASML Holding NV-NY Reg SHS Add +90.3% 0.52% +0.19
BTG B2GOLD Corp. New 0.17% +0.17
ROST Ross Stores Inc. Add +1044.3% 0.17% +0.15
SNDK Sandisk Corp. Add +12.9% 0.20% +0.15
KLAC KLA Corp. Add +300.9% 0.20% +0.13
SSRM SSR Mining Inc. New 0.13% +0.13
AMGN Amgen Inc. Add +300.2% 0.20% +0.13
LIN Linde PLC Add +299.0% 0.24% +0.13
TXN Texas Instruments Inc. Add +293.5% 0.20% +0.13
GILD Gilead Sciences Inc. Add +259.1% 0.19% +0.12
BE Bloom Energy Corp. Class A Add +441.5% 0.14% +0.12
PEP Pepsico Inc. Add +225.0% 0.22% +0.11
ADI Analog Devices Inc. Add +281.2% 0.17% +0.11
WDC Western Digital Corp. New 0.11% +0.11
GOOGL Alphabet Inc. Class A Add +37.8% 1.49% +0.10
ISRG Intuitive Surgical Inc. Add +258.3% 0.19% +0.10
STX Seagate Technology Holdings New 0.10% +0.10
ARM Arm Holdings PLC-ADR Add +2760.9% 0.11% +0.10
TMUS T-Mobile US Inc. Add +291.0% 0.23% +0.10
TJX TJX Companies Inc. Add +27300.0% 0.10% +0.10
CSCO Cisco Systems Inc. Add +94.9% 0.45% +0.10
HEI Heico Corp. New 0.09% +0.09
HWM Howmet Aerospace Inc. Add +41966.7% 0.09% +0.09
BKNG Booking Holdings Inc. Add +271.4% 0.18% +0.09
GS Goldman Sachs Group Inc. Add +13650.0% 0.09% +0.09
HON Honeywell International Inc. Add +247.3% 0.16% +0.09
QCOM Qualcomm Inc. Add +281.2% 0.18% +0.08
TMO Thermo Fisher Scientific Inc. Add +13800.0% 0.08% +0.08

Notes & Other Activity Q3 2025 → Q4 2025
PINS Pinterest Inc. Class A CL A Sold out 0 $0before exit
RDDT Reddit Inc. Class A CL A Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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