FengHe Fund Management Pte. Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), FengHe Fund Management Pte. Ltd. reported 22 stock positions worth $610.3 million. Its top holding was Astera Labs (ALAB) at 17.5% of the portfolio, followed by Advanced Micro Devices (AMD, 13.3%) and Credo Technology Group Holdi (CRDO, 10.3%). Compared with Q1 2025, it opened 12 new positions, sold out of 15, added to 5 and reduced 5. The biggest buy was a new position in Astera Labs (ALAB) and the biggest sale an exit from Vertiv Class A (VRT).
- Most Recent 13F
- Q2 2026
- Location
- Singapore, U0
- CIK
- 0001660531
- Portfolio Value
- $610.3M (Q2 2025)
- SEC Filing
- 0001172661-25-002651 ↗ filed Jul 18, 2025
Holdings Value
Holdings 22 stocks · $610.3M
| ALAB Astera Labs Inc. | 17.50% | 1,180,848 | $106.8M | New |
| AMD Advanced Micro Devices | 13.32% | 573,000 | $81.3M | Add +693.6% |
| CRDO Credo Technology Group Holdi | 10.33% | 680,555 | $63.0M | New |
| MRVL Marvell Technology Inc. | 8.55% | 674,500 | $52.2M | New |
| OLED Universal Display Corp. | 5.82% | 229,800 | $35.5M | Reduce -22.1% |
| ALB Albemarle Corp. | 5.39% | 525,016 | $32.9M | New |
| APP AppLovin Corp. Class A | 5.29% | 92,234 | $32.3M | New |
| COHR Coherent Corp. | 5.01% | 342,400 | $30.5M | New |
| U Unity Software Inc. | 4.39% | 1,107,702 | $26.8M | Add +203.0% |
| NVDA Nvidia Corp. | 4.03% | 155,500 | $24.6M | Add +21.9% |
| TSM Taiwan Semiconductor-SP ADR | 3.72% | 100,100 | $22.7M | Reduce -32.2% |
| CDNS Cadence Design SYS Inc. | 3.50% | 69,300 | $21.4M | New |
| B Barrick Mining Corp. | 3.35% | 981,500 | $20.4M | New |
| APH Amphenol Corp. Class A | 2.00% | 123,300 | $12.2M | New |
| COIN Coinbase Global Inc. Class A | 1.83% | 31,900 | $11.2M | Add +136.3% |
| WRD Weride Inc.-ADR | 1.81% | 1,398,800 | $11.0M | New |
| TAL Tal Education Group- ADR | 1.31% | 784,777 | $8.0M | Reduce -1.9% |
| BABA Alibaba Group Holding-SP ADR | 0.88% | 47,600 | $5.4M | Reduce -8.8% |
| DQ Daqo New Energy Corp.-ADR | 0.72% | 289,376 | $4.4M | Add +13.0% |
| JD Jd.com Inc.-ADR | 0.56% | 104,000 | $3.4M | New |
| BTDR Bitdeer Technologies Group-A | 0.55% | 290,700 | $3.3M | Reduce -78.2% |
| VSXY Victoria's Secret & Co. | 0.16% | 52,800 | $978K | New |
Portfolio Sells Q1 2025 → Q2 2025
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −12.52 |
| OLED Universal Display Corp. | Reduce -22.1% | 5.82% | −9.61 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −5.59 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -32.2% | 3.72% | −5.47 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −5.16 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −4.87 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −4.13 |
| BTDR Bitdeer Technologies Group-A | Reduce -78.2% | 0.55% | −3.86 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −3.81 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −2.96 |
| TAL Tal Education Group- ADR | Reduce -1.9% | 1.31% | −2.65 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −2.45 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −2.08 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −2.00 |
| BABA Alibaba Group Holding-SP ADR | Reduce -8.8% | 0.88% | −1.70 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −1.67 |
| INTC Intel Corp. | Sold out | 0.00% | −1.17 |
| SNDK Sandisk Corp. | Sold out | 0.00% | −0.95 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.92 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.88 |
Portfolio Buys Q1 2025 → Q2 2025
| ALAB Astera Labs Inc. | New | 17.50% | +17.50 |
| AMD Advanced Micro Devices | Add +693.6% | 13.32% | +10.54 |
| CRDO Credo Technology Group Holdi | New | 10.33% | +10.33 |
| MRVL Marvell Technology Inc. | New | 8.55% | +8.55 |
| ALB Albemarle Corp. | New | 5.39% | +5.39 |
| APP AppLovin Corp. Class A | New | 5.29% | +5.29 |
| COHR Coherent Corp. | New | 5.01% | +5.01 |
| CDNS Cadence Design SYS Inc. | New | 3.50% | +3.50 |
| B Barrick Mining Corp. | New | 3.35% | +3.35 |
| APH Amphenol Corp. Class A | New | 2.00% | +2.00 |
| WRD Weride Inc.-ADR | New | 1.81% | +1.81 |
| U Unity Software Inc. | Add +203.0% | 4.39% | +1.71 |
| COIN Coinbase Global Inc. Class A | Add +136.3% | 1.83% | +0.96 |
| JD Jd.com Inc.-ADR | New | 0.56% | +0.56 |
| VSXY Victoria's Secret & Co. | New | 0.16% | +0.16 |
| DQ Daqo New Energy Corp.-ADR | Add +13.0% | 0.72% | −1.02 |
| NVDA Nvidia Corp. | Add +21.9% | 4.03% | −1.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $1.1B | MKSI, TXN, CRDO, HWM, TSM |
| Q1 2026 | 31 | $723.6M | MKSI, BWXT, TER, ONON, TSM |
| Q4 2025 | 38 | $1.8B | GOOGL, CIEN, ONON, SNDK, AVGO |
| Q3 2025 | 35 | $1.1B | TSM, AMD, LITE, ALAB, TTMI |
| Q2 2025 | 22 | $610.3M | ALAB, AMD, CRDO, MRVL, OLED |
| Q1 2025 | 25 | $266.7M | OLED, VRT, TSM, QCOM, NVDA |
| Q4 2024 | 15 | $338.9M | TSM, AMD, BABA, TAL, NTES |
| Q3 2024 | 18 | $338.3M | TSM, TSLA, TAL, SNPS, NVDA |
| Q2 2024 | 22 | $716.9M | WDC, CDNS, NVDA, TSM, SNPS |
| Q1 2024 | 25 | $793.9M | WDC, CDNS, TSM, SNPS, LITE |