FengHe Fund Management Pte. Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), FengHe Fund Management Pte. Ltd. reported 38 stock positions worth $1.8 billion. Its top holding was Alphabet Class A (GOOGL) at 9.2% of the portfolio, followed by Ciena (CIEN, 8.7%) and On Class A (ONON, 8.0%). Compared with Q3 2025, it opened 16 new positions, sold out of 13, added to 8 and reduced 13. The biggest buy was Alphabet Class A (GOOGL, shares +1520%) and the biggest sale Advanced Micro Devices (AMD, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- Singapore, U0
- CIK
- 0001660531
- Portfolio Value
- $1.8B (Q4 2025)
- SEC Filing
- 0001172661-26-000399 ↗ filed Jan 30, 2026
Holdings Value
Holdings 38 stocks · $1.8B
| GOOGL Alphabet Inc. Class A | 9.17% | 520,100 | $162.8M | Add +1520.3% |
| CIEN Ciena Corp. | 8.70% | 660,988 | $154.6M | Add +164.0% |
| ONON On Holding AG Class A filed as ON HLDG AG | 8.02% | 3,064,211 | $142.4M | New |
| SNDK Sandisk Corp. | 5.77% | 431,700 | $102.5M | Add +345.1% |
| AVGO Broadcom Inc. | 5.63% | 288,680 | $99.9M | New |
| TSM Taiwan Semiconductor-SP ADR | 5.39% | 314,940 | $95.7M | Reduce -11.0% |
| MTSI Macom Technology Solutions H | 5.10% | 529,326 | $90.7M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 4.90% | 218,700 | $87.0M | New |
| LHX L3HARRIS Technologies Inc. | 4.47% | 270,500 | $79.4M | New |
| U Unity Software Inc. | 4.31% | 1,732,002 | $76.5M | Add +286.9% |
| LITE Lumentum Holdings Inc. | 3.99% | 192,200 | $70.8M | Reduce -56.4% |
| APP AppLovin Corp. Class A | 3.57% | 94,010 | $63.3M | Add +1607.7% |
| LLY Eli Lilly & Co. | 3.10% | 51,300 | $55.1M | New |
| GLW Corning Inc. | 2.88% | 584,500 | $51.2M | Add +44.0% |
| SITM Sitime Corp. | 2.55% | 128,389 | $45.3M | New |
| MRK Merck & Co. Inc. | 2.49% | 420,400 | $44.3M | New |
| VRT Vertiv Holdings Co. Class A | 2.19% | 239,800 | $38.8M | New |
| CRS Carpenter Technology | 2.06% | 116,200 | $36.6M | New |
| WRD Weride Inc.-ADR | 2.04% | 4,175,181 | $36.2M | Add +198.5% |
| BA The Boeing Co. | 2.00% | 163,900 | $35.6M | No change |
| KTOS Kratos Defense & Security | 1.99% | 464,900 | $35.3M | New |
| APH Amphenol Corp. Class A | 1.45% | 190,700 | $25.8M | Reduce -38.2% |
| CRDO Credo Technology Group Holdi | 1.31% | 162,269 | $23.3M | Add +5.7% |
| ALAB Astera Labs Inc. | 1.13% | 120,980 | $20.1M | Reduce -62.7% |
| ARWR Arrowhead Pharmaceuticals Inc. | 1.00% | 266,700 | $17.7M | New |
| ADI Analog Devices Inc. | 0.89% | 58,200 | $15.8M | Reduce -71.2% |
| AMD Advanced Micro Devices | 0.88% | 72,800 | $15.6M | Reduce -87.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.57% | 9,500 | $10.2M | New |
| TAL Tal Education Group- ADR | 0.49% | 799,195 | $8.7M | Reduce -9.3% |
| BABA Alibaba Group Holding-SP ADR | 0.36% | 43,800 | $6.4M | Reduce -66.6% |
| DQ Daqo New Energy Corp.-ADR | 0.34% | 202,371 | $6.0M | Reduce -56.9% |
| COHR Coherent Corp. | 0.30% | 28,800 | $5.3M | Reduce -92.7% |
| NVDA Nvidia Corp. | 0.28% | 27,100 | $5.1M | Reduce -87.8% |
| MRVL Marvell Technology Inc. | 0.19% | 39,100 | $3.3M | Reduce -92.2% |
| COIN Coinbase Global Inc. Class A | 0.16% | 12,800 | $2.9M | Reduce -81.7% |
| MSTR Strategy Inc. | 0.15% | 17,900 | $2.7M | New |
| NTES Netease Inc.-ADR | 0.10% | 12,400 | $1.7M | New |
| SE Sea Ltd.-ADR | 0.08% | 11,500 | $1.5M | New |
Portfolio Sells Q3 2025 → Q4 2025
| AMD Advanced Micro Devices | Reduce -87.2% | 0.88% | −7.49 |
| TTMI TTM Technologies | Sold out | 0.00% | −4.94 |
| ALAB Astera Labs Inc. | Reduce -62.7% | 1.13% | −4.66 |
| MRVL Marvell Technology Inc. | Reduce -92.2% | 0.19% | −3.65 |
| ADI Analog Devices Inc. | Reduce -71.2% | 0.89% | −3.64 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.0% | 5.39% | −3.63 |
| COHR Coherent Corp. | Reduce -92.7% | 0.30% | −3.59 |
| INTC Intel Corp. | Sold out | 0.00% | −3.57 |
| B Barrick Mining Corp. | Sold out | 0.00% | −3.51 |
| NVDA Nvidia Corp. | Reduce -87.8% | 0.28% | −3.50 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −2.96 |
| LITE Lumentum Holdings Inc. | Reduce -56.4% | 3.99% | −2.56 |
| ALB Albemarle Corp. | Sold out | 0.00% | −2.35 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −2.22 |
| APH Amphenol Corp. Class A | Reduce -38.2% | 1.45% | −2.03 |
| COIN Coinbase Global Inc. Class A | Reduce -81.7% | 0.16% | −1.99 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −1.92 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −1.82 |
| BABA Alibaba Group Holding-SP ADR | Reduce -66.6% | 0.36% | −1.78 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −1.43 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −1.16 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.02 |
| DQ Daqo New Energy Corp.-ADR | Reduce -56.9% | 0.34% | −0.87 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.69 |
| TAL Tal Education Group- ADR | Reduce -9.3% | 0.49% | −0.41 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +1520.3% | 9.17% | +8.45 |
| ONON On Holding AG Class A | New | 8.02% | +8.02 |
| AVGO Broadcom Inc. | New | 5.63% | +5.63 |
| CIEN Ciena Corp. | Add +164.0% | 8.70% | +5.37 |
| MTSI Macom Technology Solutions H | New | 5.10% | +5.10 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 4.90% | +4.90 |
| SNDK Sandisk Corp. | Add +345.1% | 5.77% | +4.78 |
| LHX L3HARRIS Technologies Inc. | New | 4.47% | +4.47 |
| APP AppLovin Corp. Class A | Add +1607.7% | 3.57% | +3.21 |
| LLY Eli Lilly & Co. | New | 3.10% | +3.10 |
| U Unity Software Inc. | Add +286.9% | 4.31% | +2.67 |
| SITM Sitime Corp. | New | 2.55% | +2.55 |
| MRK Merck & Co. Inc. | New | 2.49% | +2.49 |
| VRT Vertiv Holdings Co. Class A | New | 2.19% | +2.19 |
| CRS Carpenter Technology | New | 2.06% | +2.06 |
| KTOS Kratos Defense & Security | New | 1.99% | +1.99 |
| ARWR Arrowhead Pharmaceuticals Inc. | New | 1.00% | +1.00 |
| WRD Weride Inc.-ADR | Add +198.5% | 2.04% | +0.78 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.57% | +0.57 |
| MSTR Strategy Inc. | New | 0.15% | +0.15 |
| NTES Netease Inc.-ADR | New | 0.10% | +0.10 |
| SE Sea Ltd.-ADR | New | 0.08% | +0.08 |
| GLW Corning Inc. | Add +44.0% | 2.88% | −0.16 |
| CRDO Credo Technology Group Holdi | Add +5.7% | 1.31% | −0.73 |
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 |