GF Fund Management Co. LTD.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), GF Fund Management Co. LTD. reported 624 stock positions worth $6.0 billion. Its top holding was Nvidia (NVDA) at 6.9% of the portfolio, followed by Apple (AAPL, 6.2%) and Amazon.com (AMZN, 4.3%). Compared with Q4 2025, it opened 23 new positions, sold out of 42, added to 324 and reduced 223. The biggest buy was Tower Semiconductor (TSEM, shares +271%) and the biggest sale Microsoft (MSFT, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- GUANGZHOU, F4
- CIK
- 0002057060
- Portfolio Value
- $6.0B (Q1 2026)
- SEC Filing
- 0002057060-26-000003 ↗ filed Apr 15, 2026
Holdings Value
Holdings 624 stocks · $6.0B
| NVDA Nvidia Corp. | 6.88% | 2,360,501 | $411.7M | Reduce -4.5% |
| AAPL Apple Inc. | 6.18% | 1,456,360 | $369.6M | Reduce -2.3% |
| AMZN Amazon.com Inc. | 4.29% | 1,233,269 | $256.9M | Add +6.7% |
| MSFT Microsoft Corp. | 4.02% | 649,109 | $240.3M | Reduce -9.5% |
| GOOG Alphabet Inc. Class C | 3.86% | 805,348 | $231.0M | Reduce -5.7% |
| SNDK Sandisk Corp. | 3.49% | 328,862 | $208.9M | Reduce -30.4% |
| TSEM Tower Semiconductor Ltd. | 3.36% | 1,144,395 | $200.8M | Add +271.1% |
| LITE Lumentum Holdings Inc. | 3.33% | 283,699 | $199.4M | Reduce -31.7% |
| TSLA Tesla Inc. | 3.11% | 500,906 | $186.2M | Add +8.8% |
| AVGO Broadcom Inc. | 2.99% | 577,209 | $178.7M | Reduce -5.5% |
| MU Micron Technology Inc. | 2.54% | 449,260 | $151.8M | Add +44.2% |
| META Meta Platforms Inc. Class A | 2.49% | 260,678 | $149.1M | Reduce -14.0% |
| WMT Walmart Inc. | 2.43% | 1,169,391 | $145.3M | Add +8437.0% |
| LRCX Lam Research Corp. | 2.36% | 660,133 | $141.0M | Add +147.7% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 2.29% | 103,708 | $137.0M | Add +460.4% |
| GOOGL Alphabet Inc. Class A | 2.06% | 429,134 | $123.4M | Reduce -6.1% |
| COST Costco Wholesale Corp. | 1.52% | 91,357 | $91.0M | Reduce -9.9% |
| TER Teradyne Inc. | 1.50% | 301,875 | $89.5M | Reduce -13.8% |
| PDD PDD Holdings Inc. | 1.42% | 830,784 | $84.9M | Reduce -18.5% |
| NFLX Netflix Inc. | 1.37% | 854,845 | $82.2M | Reduce -4.4% |
| AMAT Applied Materials Inc. | 1.35% | 236,560 | $80.9M | Add +40.8% |
| PLTR Palantir Technologies Inc. Class A | 1.14% | 465,900 | $68.2M | Reduce -3.7% |
| AMD Advanced Micro Devices | 1.12% | 330,131 | $67.2M | Reduce -8.9% |
| CSCO Cisco Systems Inc. | 1.05% | 809,688 | $62.8M | Reduce -2.9% |
| INTC Intel Corp. | 0.89% | 1,209,258 | $53.4M | Add +19.8% |
| LIN Linde PLC | 0.78% | 94,598 | $46.9M | Reduce -4.6% |
| TMUS T-Mobile US Inc. | 0.78% | 223,222 | $46.9M | Reduce -5.4% |
| AMGN Amgen Inc. | 0.78% | 132,065 | $46.5M | Reduce -1.8% |
| COP Conocophillips | 0.74% | 335,157 | $44.2M | Add +13.8% |
| PEP Pepsico Inc. | 0.73% | 280,206 | $43.5M | Reduce -2.9% |
| GILD Gilead Sciences Inc. | 0.72% | 308,052 | $42.9M | Reduce -1.6% |
| CIEN Ciena Corp. | 0.70% | 107,979 | $41.9M | Reduce -43.8% |
| KLAC KLA Corp. | 0.66% | 26,926 | $39.6M | Reduce -2.9% |
| ISRG Intuitive Surgical Inc. | 0.64% | 82,448 | $38.0M | Reduce -2.5% |
| TXN Texas Instruments Inc. | 0.61% | 186,560 | $36.2M | Reduce -2.7% |
| BKNG Booking Holdings Inc. | 0.60% | 8,531 | $35.9M | Add +24.5% |
| ROST Ross Stores Inc. | 0.59% | 163,279 | $35.4M | Add +132.4% |
| APP AppLovin Corp. Class A | 0.54% | 81,568 | $32.5M | Reduce -2.6% |
| ADI Analog Devices Inc. | 0.53% | 100,344 | $31.9M | Reduce -2.9% |
| SHOP Shopify Inc. Class A | 0.50% | 250,545 | $29.7M | Reduce -18.6% |
| HON Honeywell International Inc. | 0.49% | 130,106 | $29.4M | Reduce -2.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.48% | 64,591 | $28.8M | Reduce -1.3% |
| QCOM Qualcomm Inc. | 0.47% | 219,478 | $28.3M | Reduce -9.5% |
| PANW Palo Alto Networks Inc. | 0.43% | 159,645 | $25.6M | Reduce -12.2% |
| INTU Intuit Inc. | 0.41% | 57,418 | $24.8M | Reduce -2.8% |
| COHR Coherent Corp. | 0.39% | 98,000 | $23.3M | New |
| PM Philip Morris International | 0.38% | 138,918 | $23.0M | Reduce -62.3% |
| ADBE Adobe Inc. | 0.38% | 92,723 | $22.5M | Reduce -12.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.37% | 56,948 | $22.2M | Reduce -13.0% |
| CEG Constellation Energy | 0.37% | 79,540 | $22.2M | Reduce -19.6% |
| REGN Regeneron Pharmaceuticals | 0.37% | 28,281 | $21.9M | Reduce -2.9% |
| CMCSA Comcast Corp. Class A | 0.36% | 744,799 | $21.4M | Reduce -2.9% |
| LLY Eli Lilly & Co. | 0.36% | 23,237 | $21.4M | No change |
| FANG Diamondback Energy Inc. | 0.36% | 107,487 | $21.3M | Add +4.5% |
| EOG EOG Resources Inc. | 0.35% | 146,279 | $21.1M | Add +13.8% |
| SBUX Starbucks Corp. | 0.35% | 233,023 | $20.9M | Reduce -2.9% |
| MELI MercadoLibre Inc. | 0.34% | 11,919 | $20.6M | Add +3.1% |
| PSX Phillips 66 | 0.33% | 108,386 | $19.7M | Add +13.8% |
| SNPS Synopsys Inc. | 0.33% | 49,206 | $19.5M | Reduce -38.5% |
| WDC Western Digital Corp. | 0.32% | 70,065 | $19.0M | Add +16.9% |
| VICR Vicor Corp. | 0.31% | 115,245 | $18.6M | New |
| MAR Marriott International Class A | 0.30% | 54,993 | $18.0M | Reduce -2.9% |
| MRVL Marvell Technology Inc. | 0.29% | 176,668 | $17.5M | Reduce -2.9% |
| STX Seagate Technology Holdings | 0.29% | 43,764 | $17.1M | Reduce -41.8% |
| ADP Automatic Data Processing | 0.28% | 82,883 | $16.8M | Reduce -2.9% |
| ORLY O'reilly Automotive Inc. | 0.27% | 172,980 | $16.0M | Reduce -2.9% |
| MPC Marathon Petroleum Corp. | 0.27% | 64,938 | $15.9M | Add +13.8% |
| CSX CSX Corp. | 0.26% | 381,603 | $15.7M | Reduce -2.9% |
| CDNS Cadence Design SYS Inc. | 0.26% | 55,782 | $15.5M | Reduce -19.9% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 264,430 | $15.2M | Reduce -2.9% |
| JNJ Johnson & Johnson | 0.25% | 61,309 | $15.0M | Add +1.0% |
| AEP American Electric Power | 0.25% | 112,220 | $14.7M | Reduce -1.8% |
| MNST Monster Beverage Corp. | 0.24% | 200,219 | $14.5M | Reduce -4.2% |
| WBD Warner Bros Discovery Inc. | 0.23% | 507,805 | $13.9M | Reduce -2.9% |
| CTAS Cintas Corp. | 0.23% | 82,354 | $13.9M | Reduce -2.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 39,934 | $13.5M | Reduce -63.6% |
| HOOD Robinhood Markets Inc. Class A | 0.22% | 193,222 | $13.4M | Reduce -0.8% |
| DASH DoorDash Inc. Class A | 0.21% | 83,269 | $12.5M | Reduce -2.9% |
| FTNT Fortinet Inc. | 0.21% | 152,394 | $12.5M | Reduce -2.9% |
| PCAR Paccar Inc. | 0.21% | 107,629 | $12.4M | Reduce -2.9% |
| BKR Baker Hughes Co. | 0.21% | 202,217 | $12.3M | Reduce -3.8% |
| ABNB Airbnb Inc. Class A | 0.18% | 87,155 | $11.0M | Reduce -35.3% |
| FAST Fastenal Co. | 0.18% | 235,264 | $10.9M | Reduce -2.9% |
| MPWR Monolithic Power Systems Inc. | 0.18% | 9,817 | $10.7M | Reduce -2.9% |
| VLO Valero Energy Corp. | 0.18% | 42,949 | $10.6M | Add +13.8% |
| EA Electronic Arts Inc. | 0.17% | 51,254 | $10.4M | Reduce -2.9% |
| IDXX Idexx Laboratories Inc. | 0.17% | 18,531 | $10.4M | Reduce -2.5% |
| ADSK Autodesk Inc. | 0.17% | 43,445 | $10.4M | Reduce -2.9% |
| ABBV Abbvie Inc. | 0.17% | 47,747 | $10.4M | No change |
| NXPI NXP Semiconductors NV | 0.17% | 51,575 | $10.2M | Reduce -2.9% |
| EXC Exelon Corp. | 0.17% | 207,036 | $10.1M | Reduce -2.9% |
| DVN Devon Energy Corp. | 0.17% | 201,248 | $10.1M | Add +13.8% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.17% | 30,041 | $9.9M | Reduce -1.4% |
| FER Ferrovial NV | 0.16% | 150,367 | $9.8M | Reduce -2.9% |
| XEL Xcel Energy Inc. | 0.16% | 121,223 | $9.6M | Reduce -2.9% |
| CTRA Coterra Energy Inc. | 0.16% | 267,361 | $9.4M | Add +13.2% |
| TPL Texas Pacific Land Corp. | 0.15% | 19,069 | $9.0M | Add +13.8% |
| PYPL PayPal Holdings Inc. | 0.14% | 191,741 | $8.7M | Reduce -2.9% |
| CCEP Coca-Cola Europacific Partne | 0.14% | 93,898 | $8.5M | Reduce -2.9% |
| EQT Eqt Corp. | 0.14% | 132,891 | $8.5M | Add +13.8% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -9.5% | 4.02% | −1.91 |
| NVDA Nvidia Corp. | Reduce -4.5% | 6.88% | −1.00 |
| META Meta Platforms Inc. Class A | Reduce -14.0% | 2.49% | −0.93 |
| AAPL Apple Inc. | Reduce -2.3% | 6.18% | −0.75 |
| GOOG Alphabet Inc. Class C | Reduce -5.7% | 3.86% | −0.72 |
| AVGO Broadcom Inc. | Reduce -5.5% | 2.99% | −0.63 |
| PM Philip Morris International | Reduce -62.3% | 0.38% | −0.63 |
| PDD PDD Holdings Inc. | Reduce -18.5% | 1.42% | −0.56 |
| APP AppLovin Corp. Class A | Reduce -2.6% | 0.54% | −0.42 |
| GOOGL Alphabet Inc. Class A | Reduce -6.1% | 2.06% | −0.38 |
| SHOP Shopify Inc. Class A | Reduce -18.6% | 0.50% | −0.35 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -63.6% | 0.23% | −0.34 |
| PLTR Palantir Technologies Inc. Class A | Reduce -3.7% | 1.14% | −0.33 |
| SNPS Synopsys Inc. | Reduce -38.5% | 0.33% | −0.32 |
| TLN Talen Energy Corp. | Reduce -86.5% | 0.04% | −0.31 |
| NOW ServiceNow Inc. | Reduce -82.3% | 0.04% | −0.27 |
| INTU Intuit Inc. | Reduce -2.8% | 0.41% | −0.25 |
| ADBE Adobe Inc. | Reduce -12.0% | 0.38% | −0.25 |
| QCOM Qualcomm Inc. | Reduce -9.5% | 0.47% | −0.24 |
| CEG Constellation Energy | Reduce -19.6% | 0.37% | −0.23 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.21 |
| GLW Corning Inc. | Sold out | 0.00% | −0.21 |
| AMD Advanced Micro Devices | Reduce -8.9% | 1.12% | −0.20 |
| ISRG Intuitive Surgical Inc. | Reduce -2.5% | 0.64% | −0.18 |
| BE Bloom Energy Corp. Class A | Reduce -89.6% | 0.03% | −0.18 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -13.0% | 0.37% | −0.15 |
| HOOD Robinhood Markets Inc. Class A | Reduce -0.8% | 0.22% | −0.15 |
| PANW Palo Alto Networks Inc. | Reduce -12.2% | 0.43% | −0.14 |
| VST Vistra Corp. | Reduce -79.5% | 0.03% | −0.14 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.13 |
| ABNB Airbnb Inc. Class A | Reduce -35.3% | 0.18% | −0.13 |
| DASH DoorDash Inc. Class A | Reduce -2.9% | 0.21% | −0.12 |
| CDNS Cadence Design SYS Inc. | Reduce -19.9% | 0.26% | −0.11 |
| CELH Celsius Holdings Inc. | Reduce -69.8% | 0.03% | −0.11 |
| CSIQ Canadian Solar Inc. | Sold out | 0.00% | −0.11 |
| ADP Automatic Data Processing | Reduce -2.9% | 0.28% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -98.3% | 0.00% | −0.08 |
| NBIS Nebius Group NV | Reduce -50.3% | 0.12% | −0.08 |
| CRWV Coreweave Inc. Class A | Reduce -63.6% | 0.05% | −0.08 |
| TRI Thomson Reuters Corp. | Reduce -2.9% | 0.14% | −0.07 |
| WDAY Workday Inc. Class A | Reduce -2.9% | 0.09% | −0.07 |
| STX Seagate Technology Holdings | Reduce -41.8% | 0.29% | −0.07 |
| CIEN Ciena Corp. | Reduce -43.8% | 0.70% | −0.07 |
| RKLB Rocket Lab Corp. | Reduce -24.3% | 0.14% | −0.07 |
| CLS Celestica Inc. | Reduce -52.1% | 0.05% | −0.06 |
| TEAM Atlassian Corp. Class A | Reduce -2.9% | 0.04% | −0.06 |
| NFLX Netflix Inc. | Reduce -4.4% | 1.37% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -17.9% | 0.11% | −0.06 |
| ZS Zscaler Inc. | Reduce -2.9% | 0.08% | −0.05 |
| ADSK Autodesk Inc. | Reduce -2.9% | 0.17% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| TSEM Tower Semiconductor Ltd. | Add +271.1% | 3.36% | +2.74 |
| WMT Walmart Inc. | Add +8437.0% | 2.43% | +2.40 |
| ASML ASML Holding NV-NY Reg SHS | Add +460.4% | 2.29% | +1.95 |
| LRCX Lam Research Corp. | Add +147.7% | 2.36% | +1.58 |
| MU Micron Technology Inc. | Add +44.2% | 2.54% | +1.02 |
| AMAT Applied Materials Inc. | Add +40.8% | 1.35% | +0.61 |
| COHR Coherent Corp. | New | 0.39% | +0.39 |
| ROST Ross Stores Inc. | Add +132.4% | 0.59% | +0.37 |
| VICR Vicor Corp. | New | 0.31% | +0.31 |
| COP Conocophillips | Add +13.8% | 0.74% | +0.27 |
| INTC Intel Corp. | Add +19.8% | 0.89% | +0.26 |
| WDC Western Digital Corp. | Add +16.9% | 0.32% | +0.14 |
| EOG EOG Resources Inc. | Add +13.8% | 0.35% | +0.12 |
| PSX Phillips 66 | Add +13.8% | 0.33% | +0.12 |
| MPC Marathon Petroleum Corp. | Add +13.8% | 0.27% | +0.11 |
| FANG Diamondback Energy Inc. | Add +4.5% | 0.36% | +0.09 |
| VLO Valero Energy Corp. | Add +13.8% | 0.18% | +0.07 |
| TPL Texas Pacific Land Corp. | Add +13.8% | 0.15% | +0.07 |
| DVN Devon Energy Corp. | Add +13.8% | 0.17% | +0.06 |
| UBER Uber Technologies Inc. | Add +109.0% | 0.13% | +0.06 |
| CTRA Coterra Energy Inc. | Add +13.2% | 0.16% | +0.05 |
| NAVN Navan Inc. Class A | New | 0.05% | +0.05 |
| APA Apa Corp. | Add +13.8% | 0.08% | +0.04 |
| JNJ Johnson & Johnson | Add +1.0% | 0.25% | +0.04 |
| OVV Ovintiv Inc. | Add +13.8% | 0.08% | +0.03 |
| EQT Eqt Corp. | Add +13.8% | 0.14% | +0.03 |
| PR Permian Resources Corp. Class A | Add +13.8% | 0.08% | +0.03 |
| VG Venture Global Inc. Class A | Add +13.8% | 0.04% | +0.03 |
| FORM Formfactor Inc. | New | 0.02% | +0.02 |
| CHRD Chord Energy Corp. | Add +13.8% | 0.05% | +0.02 |
| AR Antero Resources Corp. | Add +13.8% | 0.07% | +0.02 |
| DINO HF Sinclair Corp. | Add +13.8% | 0.05% | +0.02 |
| RRC Range Resources Corp. | Add +13.8% | 0.06% | +0.02 |
| MTDR Matador Resources Co. | Add +13.8% | 0.04% | +0.02 |
| CRC California Resources Corp. | Add +13.8% | 0.03% | +0.01 |
| MGY Magnolia Oil & Gas Corp. Class A | Add +13.8% | 0.03% | +0.01 |
| EXE Expand Energy Corp. | Add +13.8% | 0.12% | +0.01 |
| VNOM Viper Energy Inc. Class A | Add +13.8% | 0.04% | +0.01 |
| PBF PBF Energy Inc. Class A | Add +13.8% | 0.02% | +0.01 |
| MUR Murphy Oil Corp. | Add +13.8% | 0.03% | +0.01 |
| SM SM Energy Co. | Add +13.8% | 0.02% | +0.01 |
| PARR Par Pacific Holdings Inc. | Add +13.8% | 0.02% | +0.01 |
| CRGY Crescent Energy Inc. Class A | Add +13.8% | 0.02% | +0.01 |
| CF CF Industries Holdings Inc. | New | 0.01% | +0.01 |
| INSM Insmed Inc. | Add +14.8% | 0.13% | +0.01 |
| CLMT Calumet Inc. | Add +13.8% | 0.01% | +0.01 |
| DK Delek US Holdings Inc. | Add +13.8% | 0.01% | +0.01 |
| SOC Sable Offshore Corp. | Add +13.8% | 0.01% | +0.01 |
| KO The Coca-Cola Co. | New | 0.01% | +0.01 |
| TAL Tal Education Group- ADR | Add +5.8% | 0.08% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 587 | $8.3B | SNDK, MU, NVDA, AAPL, AMD |
| Q1 2026 | 624 | $6.0B | NVDA, AAPL, AMZN, MSFT, GOOG |
| Q4 2025 | 643 | $5.9B | NVDA, AAPL, MSFT, GOOG, AMZN |
| Q3 2025 | 631 | $5.5B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q2 2025 | 660 | $5.0B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q1 2025 | 666 | $4.3B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 637 | $4.6B | NVDA, AAPL, MSFT, AMZN, META |