NetEase, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), NetEase, Inc. reported 2 stock positions worth $432.4 million. Its top holding was PDD (PDD) at 93.2% of the portfolio, followed by Youdao Inc. - ADR (DAO, 6.8%). Its holdings were unchanged from Q3 2025.

Most Recent 13F
Q2 2026
Location
KOWLOON, HONG KONG, F4
CIK
0001110646
Portfolio Value
$432.4M (Q4 2025)
SEC Filing
0001104659-26-013709 ↗ filed Feb 12, 2026

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 Q2 2025 Q3 2025: $498.7M Q3 2025 Q4 2025: $432.4M $432.4M Q4 2025 Q1 2026: $934.5M Q1 2026 Q2 2026: $765.4M Q2 2026

Holdings 2 stocks · $432.4M
PDD PDD Holdings Inc. 93.24% 3,555,488 $403.2M No change
DAO Youdao Inc. - ADR 6.76% 2,898,293 $29.2M No change

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
None this quarter.

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