FengHe Fund Management Pte. Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), FengHe Fund Management Pte. Ltd. reported 35 stock positions worth $1.1 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 9.0% of the portfolio, followed by Advanced Micro Devices (AMD, 8.4%) and Lumentum (LITE, 6.6%). Compared with Q2 2025, it opened 16 new positions, sold out of 3, added to 10 and reduced 7. The biggest buy was a new position in Lumentum (LITE) and the biggest sale Astera Labs (ALAB, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- Singapore, U0
- CIK
- 0001660531
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001172661-25-004417 ↗ filed Oct 24, 2025
Holdings Value
Holdings 35 stocks · $1.1B
| TSM Taiwan Semiconductor-SP ADR | 9.02% | 353,900 | $98.8M | Add +253.6% |
| AMD Advanced Micro Devices | 8.37% | 566,700 | $91.7M | Reduce -1.1% |
| LITE Lumentum Holdings Inc. | 6.55% | 441,100 | $71.8M | New |
| ALAB Astera Labs Inc. | 5.79% | 324,000 | $63.4M | Reduce -72.6% |
| TTMI TTM Technologies | 4.94% | 940,071 | $54.1M | New |
| ADI Analog Devices Inc. | 4.53% | 201,900 | $49.6M | New |
| COHR Coherent Corp. | 3.89% | 395,400 | $42.6M | Add +15.5% |
| MRVL Marvell Technology Inc. | 3.84% | 500,600 | $42.1M | Reduce -25.8% |
| NVDA Nvidia Corp. | 3.79% | 222,500 | $41.5M | Add +43.1% |
| INTC Intel Corp. | 3.57% | 1,164,300 | $39.1M | New |
| B Barrick Mining Corp. | 3.51% | 1,172,300 | $38.4M | Add +19.4% |
| APH Amphenol Corp. Class A | 3.49% | 308,600 | $38.2M | Add +150.3% |
| CIEN Ciena Corp. | 3.33% | 250,400 | $36.5M | New |
| BA The Boeing Co. | 3.23% | 163,900 | $35.4M | New |
| GLW Corning Inc. | 3.04% | 406,000 | $33.3M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 2.96% | 186,800 | $32.5M | New |
| ALB Albemarle Corp. | 2.35% | 317,785 | $25.8M | Reduce -39.5% |
| CDNS Cadence Design SYS Inc. | 2.22% | 69,300 | $24.3M | No change |
| COIN Coinbase Global Inc. Class A | 2.15% | 69,900 | $23.6M | Add +119.1% |
| BABA Alibaba Group Holding-SP ADR | 2.14% | 131,200 | $23.4M | Add +175.6% |
| CRDO Credo Technology Group Holdi | 2.04% | 153,500 | $22.4M | Reduce -77.4% |
| HII Huntington Ingalls Industrie | 1.92% | 73,000 | $21.0M | New |
| AMAT Applied Materials Inc. | 1.82% | 97,500 | $20.0M | New |
| U Unity Software Inc. | 1.64% | 447,602 | $17.9M | Reduce -59.6% |
| FNV Franco-Nevada Corp. | 1.43% | 70,400 | $15.7M | New |
| WRD Weride Inc.-ADR | 1.26% | 1,398,800 | $13.8M | No change |
| DQ Daqo New Energy Corp.-ADR | 1.21% | 469,833 | $13.2M | Add +62.4% |
| SNPS Synopsys Inc. | 1.16% | 25,800 | $12.7M | New |
| QCOM Qualcomm Inc. | 1.02% | 67,500 | $11.2M | New |
| SNDK Sandisk Corp. | 0.99% | 97,000 | $10.9M | New |
| TAL Tal Education Group- ADR | 0.90% | 881,672 | $9.9M | Add +12.3% |
| GOOGL Alphabet Inc. Class A | 0.71% | 32,100 | $7.8M | New |
| JD Jd.com Inc.-ADR | 0.69% | 215,000 | $7.5M | Add +106.7% |
| APP AppLovin Corp. Class A | 0.36% | 5,505 | $4.0M | Reduce -94.0% |
| YMM Full Truck Alliance -SPN ADR | 0.14% | 119,100 | $1.5M | New |
Portfolio Sells Q2 2025 → Q3 2025
| ALAB Astera Labs Inc. | Reduce -72.6% | 5.79% | −11.71 |
| CRDO Credo Technology Group Holdi | Reduce -77.4% | 2.04% | −8.29 |
| OLED Universal Display Corp. | Sold out | 0.00% | −5.82 |
| AMD Advanced Micro Devices | Reduce -1.1% | 8.37% | −4.96 |
| APP AppLovin Corp. Class A | Reduce -94.0% | 0.36% | −4.93 |
| MRVL Marvell Technology Inc. | Reduce -25.8% | 3.84% | −4.71 |
| ALB Albemarle Corp. | Reduce -39.5% | 2.35% | −3.04 |
| U Unity Software Inc. | Reduce -59.6% | 1.64% | −2.76 |
| BTDR Bitdeer Technologies Group-A | Sold out | 0.00% | −0.55 |
| VSXY Victoria's Secret & Co. | Sold out | 0.00% | −0.16 |
Portfolio Buys Q2 2025 → Q3 2025
| LITE Lumentum Holdings Inc. | New | 6.55% | +6.55 |
| TSM Taiwan Semiconductor-SP ADR | Add +253.6% | 9.02% | +5.31 |
| TTMI TTM Technologies | New | 4.94% | +4.94 |
| ADI Analog Devices Inc. | New | 4.53% | +4.53 |
| INTC Intel Corp. | New | 3.57% | +3.57 |
| CIEN Ciena Corp. | New | 3.33% | +3.33 |
| BA The Boeing Co. | New | 3.23% | +3.23 |
| GLW Corning Inc. | New | 3.04% | +3.04 |
| FUTU Futu Holdings Ltd.-ADR | New | 2.96% | +2.96 |
| HII Huntington Ingalls Industrie | New | 1.92% | +1.92 |
| AMAT Applied Materials Inc. | New | 1.82% | +1.82 |
| APH Amphenol Corp. Class A | Add +150.3% | 3.49% | +1.49 |
| FNV Franco-Nevada Corp. | New | 1.43% | +1.43 |
| BABA Alibaba Group Holding-SP ADR | Add +175.6% | 2.14% | +1.26 |
| SNPS Synopsys Inc. | New | 1.16% | +1.16 |
| QCOM Qualcomm Inc. | New | 1.02% | +1.02 |
| SNDK Sandisk Corp. | New | 0.99% | +0.99 |
| GOOGL Alphabet Inc. Class A | New | 0.71% | +0.71 |
| DQ Daqo New Energy Corp.-ADR | Add +62.4% | 1.21% | +0.49 |
| COIN Coinbase Global Inc. Class A | Add +119.1% | 2.15% | +0.32 |
| B Barrick Mining Corp. | Add +19.4% | 3.51% | +0.16 |
| YMM Full Truck Alliance -SPN ADR | New | 0.14% | +0.14 |
| JD Jd.com Inc.-ADR | Add +106.7% | 0.69% | +0.13 |
| NVDA Nvidia Corp. | Add +43.1% | 3.79% | −0.24 |
| TAL Tal Education Group- ADR | Add +12.3% | 0.90% | −0.41 |
| COHR Coherent Corp. | Add +15.5% | 3.89% | −1.12 |
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 |