FengHe Fund Management Pte. Ltd. 13F: Quarter-over-Quarter Portfolio Changes
FengHe Fund Management Pte. Ltd. reported a disclosed portfolio value of approximately $723.6 million in its latest SEC Form 13F-HR filing for Q1 2026, down 59.3% quarter on quarter. Over the quarter, the fund initiated 10 new positions, bought more shares in 4 holdings, trimmed 15 holdings, and exited 17 positions.
FengHe Fund Management Pte. Ltd.'s top buy was a new stake in Mks INC. (MKSI) , equal to 14.5% of the disclosed portfolio. Its top sell was Sandisk CORP (SNDK) . The fund exited the position completely after it had accounted for 5.8% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| MKS INC. | MKSI | 14.5% | History → |
| BWX TECHNOLOGIES | BWXT | 11.1% | History → |
| TERADYNE INC | TER | 8.1% | History → |
| MODINE MFG CO | MOD | 1.9% | Holders → |
| MICROSOFT | MSFT | 1.3% | Holders → |
| ALCOA CORP | AA | 1.0% | Holders → |
| BARRICK MNG CORP | B | 0.8% | Holders → |
| WOODWARD INC | WWD | 0.7% | Holders → |
| JOYY INC | JOYY | 0.2% | Holders → |
| TENCENT MUSIC ENTMT GROUP | TME | 0.2% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| ASML HLDG NV | ASML | +3.9% | +155.8% | Holders → |
| ADVANCED MICRO DEVICES INC | AMD | +2.1% | +46.1% | Holders → |
| SEA LTD | SE | +0.1% | +37.4% | Holders → |
| NVIDIA CORPORATION COM | NVDA | +0.5% | +15.1% | Holders → |
Top SellsQ1 2026
Showing the top 10 sells among 15 existing positions where the fund sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| CIENA CORP | CIEN | -3.9% | 86.5% | History → |
| ALNYLAM PHARMACEUTICALS, INC. | ALNY | -3.4% | 85.1% | Holders → |
| TAL ED GROUP | TAL | -0.2% | 79.7% | Holders → |
| BROADCOM | AVGO | -3.1% | 79.5% | Holders → |
| MACOM TECH SOLUTIONS HLDGS I | MTSI | -1.7% | 79.1% | Holders → |
| CARPENTER TECHNOLOGY CORP | CRS | -0.7% | 78.5% | Holders → |
| ALPHABET CL A | GOOGL | -4.0% | 75.1% | History → |
| LUMENTUM HLDGS INC | LITE | 1.1% | 72.5% | History → |
| TAIWAN SEMIC-ADR | TSM | -0.2% | 64.8% | History → |
| L3HARRIS TECHNOLOGIES INC | LHX | 0.4% | 62.3% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| SANDISK CORP | SNDK | 5.8% |
| UNITY SOFTWARE INC | U | 4.3% |
| APPLOVIN CORP | APP | 3.6% |
| ELI LILLY & CO | LLY | 3.1% |
| CORNING INC | GLW | 2.9% |
| MERCK & CO INC | MRK | 2.5% |
| VERTIV HOLDINGS CO | VRT | 2.2% |
| WERIDE INC | WRD | 2.0% |
| BOEING CO | BA | 2.0% |
| KRATOS DEFENSE & SEC SOLUTIO | KTOS | 2.0% |
| AMPHENOL | APH | 1.5% |
| ARROWHEAD PHARMACEUTICALS INC | ARWR | 1.0% |
| DAQO NEW ENERGY CORP | DQ | 0.3% |
| COHERENT CORP | COHR | 0.3% |
| MARVELL TECHNOLOGY INC | MRVL | 0.2% |
| COINBASE GLOBAL INC | COIN | 0.2% |
| STRATEGY INC | MSTR | 0.2% |
Net Portfolio Value ChangeQ1 2026
- $1.8BPrior quarter
- $0.7BCurrent quarter
- $-1.1BNet delta
- -59.3%% change
Methodology & FAQ
How FengHe Fund Management Pte. Ltd. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for FengHe Fund Management Pte. Ltd.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did FengHe Fund Management Pte. Ltd. buy in Q1 2026?
In Q1 2026, FengHe Fund Management Pte. Ltd. initiated 10 new positions (MKS INC. (MKSI), BWX TECHNOLOGIES (BWXT), TERADYNE INC (TER), MODINE MFG CO (MOD), MICROSOFT (MSFT), ALCOA CORP (AA), BARRICK MNG CORP (B), WOODWARD INC (WWD), JOYY INC (JOYY), TENCENT MUSIC ENTMT GROUP (TME)); bought more shares of ASML HLDG NV (ASML), ADVANCED MICRO DEVICES INC (AMD), SEA LTD (SE), NVIDIA CORPORATION COM (NVDA).
What stocks did FengHe Fund Management Pte. Ltd. sell in Q1 2026?
In Q1 2026, FengHe Fund Management Pte. Ltd. fully sold 17 positions (SANDISK CORP (SNDK), UNITY SOFTWARE INC (U), APPLOVIN CORP (APP), ELI LILLY & CO (LLY), CORNING INC (GLW), MERCK & CO INC (MRK), VERTIV HOLDINGS CO (VRT), WERIDE INC (WRD), BOEING CO (BA), KRATOS DEFENSE & SEC SOLUTIO (KTOS), AMPHENOL (APH), ARROWHEAD PHARMACEUTICALS INC (ARWR), DAQO NEW ENERGY CORP (DQ), COHERENT CORP (COHR), MARVELL TECHNOLOGY INC (MRVL), COINBASE GLOBAL INC (COIN), STRATEGY INC (MSTR)); reduced holdings in CIENA CORP (CIEN), ALNYLAM PHARMACEUTICALS, INC. (ALNY), TAL ED GROUP (TAL), BROADCOM (AVGO), MACOM TECH SOLUTIONS HLDGS I (MTSI) — the largest 5 of 15 reductions.
Which positions did FengHe Fund Management Pte. Ltd. initiate in Q1 2026?
FengHe Fund Management Pte. Ltd. established 10 new positions in Q1 2026: MKS INC. (MKSI, 14.5%), BWX TECHNOLOGIES (BWXT, 11.1%), TERADYNE INC (TER, 8.1%), MODINE MFG CO (MOD, 1.9%), MICROSOFT (MSFT, 1.3%), ALCOA CORP (AA, 1.0%), BARRICK MNG CORP (B, 0.8%), WOODWARD INC (WWD, 0.7%), JOYY INC (JOYY, 0.2%), TENCENT MUSIC ENTMT GROUP (TME, 0.2%).
Which existing positions saw the largest allocation increases for FengHe Fund Management Pte. Ltd. in Q1 2026?
Of 4 existing positions with share-count increases in Q1 2026, the largest were: ASML HLDG NV (ASML, +3.9% weight, +155.8% shares), ADVANCED MICRO DEVICES INC (AMD, +2.1% weight, +46.1% shares), SEA LTD (SE, +0.1% weight, +37.4% shares), NVIDIA CORPORATION COM (NVDA, +0.5% weight, +15.1% shares).
Which positions did FengHe Fund Management Pte. Ltd. fully exit in Q1 2026?
FengHe Fund Management Pte. Ltd. fully exited 17 positions in Q1 2026: SANDISK CORP (SNDK, last-reported weight 5.8%), UNITY SOFTWARE INC (U, last-reported weight 4.3%), APPLOVIN CORP (APP, last-reported weight 3.6%), ELI LILLY & CO (LLY, last-reported weight 3.1%), CORNING INC (GLW, last-reported weight 2.9%), MERCK & CO INC (MRK, last-reported weight 2.5%), VERTIV HOLDINGS CO (VRT, last-reported weight 2.2%), WERIDE INC (WRD, last-reported weight 2.0%), BOEING CO (BA, last-reported weight 2.0%), KRATOS DEFENSE & SEC SOLUTIO (KTOS, last-reported weight 2.0%), AMPHENOL (APH, last-reported weight 1.5%), ARROWHEAD PHARMACEUTICALS INC (ARWR, last-reported weight 1.0%), DAQO NEW ENERGY CORP (DQ, last-reported weight 0.3%), COHERENT CORP (COHR, last-reported weight 0.3%), MARVELL TECHNOLOGY INC (MRVL, last-reported weight 0.2%), COINBASE GLOBAL INC (COIN, last-reported weight 0.2%), STRATEGY INC (MSTR, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for FengHe Fund Management Pte. Ltd. in Q1 2026?
Of 15 existing positions with share-count reductions in Q1 2026, the largest were: CIENA CORP (CIEN, -3.9% weight, -86.5% shares), ALNYLAM PHARMACEUTICALS, INC. (ALNY, -3.4% weight, -85.1% shares), TAL ED GROUP (TAL, -0.2% weight, -79.7% shares), BROADCOM (AVGO, -3.1% weight, -79.5% shares), MACOM TECH SOLUTIONS HLDGS I (MTSI, -1.7% weight, -79.1% shares), CARPENTER TECHNOLOGY CORP (CRS, -0.7% weight, -78.5% shares), ALPHABET CL A (GOOGL, -4.0% weight, -75.1% shares), LUMENTUM HLDGS INC (LITE, 1.1% weight, -72.5% shares), TAIWAN SEMIC-ADR (TSM, -0.2% weight, -64.8% shares), L3HARRIS TECHNOLOGIES INC (LHX, 0.4% weight, -62.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.