NetEase, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), NetEase, Inc. reported 2 stock positions worth $397.0 million. Its top holding was PDD (PDD) at 93.7% of the portfolio, followed by Youdao Inc. - ADR (DAO, 6.3%). Compared with Q1 2025, it opened 1 new position. The biggest buy was a new position in PDD (PDD).

Most Recent 13F
Q2 2026
Location
KOWLOON, HONG KONG, F4
CIK
0001110646
Portfolio Value
$397.0M (Q2 2025)
SEC Filing
0001104659-25-077906 ↗ filed Aug 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $244.0M Q1 2024 Q2 2024: $173.1M Q2 2024 Q3 2024: $77.3M Q3 2024 Q4 2024: $21.4M Q4 2024 Q1 2025: $22.1M Q1 2025 Q2 2025: $397.0M $397.0M Q2 2025 Q3 2025: $498.7M Q3 2025 Q4 2025: $432.4M Q4 2025 Q1 2026: $934.5M Q1 2026 Q2 2026: $765.4M Q2 2026

Holdings 2 stocks · $397.0M
PDD PDD Holdings Inc. 93.72% 3,555,488 $372.1M New
DAO Youdao Inc. - ADR 6.28% 2,898,293 $24.9M No change

Portfolio Sells Q1 2025 → Q2 2025
None this quarter.

Portfolio Buys Q1 2025 → Q2 2025
PDD PDD Holdings Inc. New 93.72% +93.72

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$765.4MPDD, DAO
Q1 2026 2$934.5MPDD, DAO
Q4 2025 2$432.4MPDD, DAO
Q3 2025 2$498.7MPDD, DAO
Q2 2025 2$397.0MPDD, DAO
Q1 2025 1$22.1MDAO
Q4 2024 1$21.4MDAO
Q3 2024 2$77.3MAPP, DAO
Q2 2024 2$173.1MAPP, DAO
Q1 2024 2$244.0MAPP, DAO