1y return+196.2%S&P 500 +20.9%
3y return+607.0%S&P 500 +68.5%
5y return+1005.4%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2021: $1,246 against $188 in the S&P 500.2
FengHe Fund Management Pte. Ltd.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MKSIMks Inc. | $258.7M | 24.5% | +27.5% |
| TXNTexas Instrs Inc | $171.4M | 16.3% | New |
| Credo Technology Group HoldiCUSIP G25457105 | $169.1M | 16.0% | +547.0% |
| HWMHowmet Aerospace Inc | $83.8M | 8.0% | New |
| TSMTaiwan Semiconductor Manufac | $79.3M | 7.5% | +49.8% |
| SIMOSilicon Motion Technology Co | $60.5M | 5.7% | New |
| MODModine Mfg Co | $49.8M | 4.7% | +197.5% |
| SITMSitime Corp | $36.3M | 3.4% | −54.8% |
| WWDWoodward Inc | $29.0M | 2.8% | +397.8% |
| CIENCiena Corp | $25.3M | 2.4% | −42.1% |
| ALABAstera Labs Inc | $25.1M | 2.4% | −30.0% |
| AMDAdvanced Micro Devices Inc | $16.5M | 1.6% | −73.4% |
| WDCWestern Digital Corp | $16.4M | 1.6% | New |
| BWXTBwx Technologies Inc | $13.8M | 1.3% | −90.7% |
| NVDANvidia Corporation | $6.7M | 0.6% | +8.0% |
| GOOGLAlphabet Inc | $5.3M | 0.5% | −88.6% |
| BABAAlibaba Group Hldg Ltd | $5.2M | 0.5% | +24.4% |
| DQDaqo New Energy Corp | $1.9M | 0.2% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2023 | +373.0% | $6.7M |
| TSMTaiwan Semiconductor Manufac | December 31, 2023 | +359.2% | $79.3M |
| AMDAdvanced Micro Devices Inc | September 30, 2024 | +254.0% | $16.5M |
| CIENCiena Corp | September 30, 2025 | +236.8% | $25.3M |
| Credo Technology Group HoldiCUSIP G25457105 | June 30, 2025 | +193.7% | $169.1M |
| SITMSitime Corp | December 31, 2025 | +111.1% | $36.3M |
| MKSIMks Inc. | March 31, 2026 | +93.6% | $258.7M |
| GOOGLAlphabet Inc | September 30, 2025 | +47.0% | $5.3M |
| MODModine Mfg Co | March 31, 2026 | +23.2% | $49.8M |
| WWDWoodward Inc | March 31, 2026 | +18.9% | $29.0M |
Sold off last quarter
- TERTeradyne Inc was $58.3M
- On Hldg AgCUSIP H5919C104 was $57.8M
- LITELumentum Hldgs Inc was $37.1M
- LHXL3harris Technologies Inc was $35.2M
- Asml Hldg NvCUSIP N07059210 was $32.1M
- MTSIMacom Tech Solutions Hldgs I was $24.5M
- AVGOBroadcom Inc was $18.3M
- ALNYAlnylam Pharmaceuticals Inc was $10.8M
- CRSCarpenter Technology Corp was $9.9M
- MSFTMicrosoft Corp was $9.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +44.3% | +14.8% |
| March 31, 2026 | +15.8% | −4.6% |
| December 31, 2025 | +21.3% | +2.4% |
| September 30, 2025 | +46.1% | +7.8% |
| June 30, 2025 | +25.5% | +10.5% |
| March 31, 2025 | +0.6% | −4.6% |
| December 31, 2024 | +13.6% | +2.1% |
| September 30, 2024 | −0.8% | +5.4% |
| June 30, 2024 | +9.1% | +4.0% |
| March 31, 2024 | +20.2% | +10.0% |
| December 31, 2023 | +21.9% | +11.2% |
| September 30, 2023 | +5.1% | −3.6% |
| June 30, 2023 | +5.5% | +8.3% |
| March 31, 2023 | +16.1% | +7.0% |
| December 31, 2022 | +26.2% | +7.1% |
| September 30, 2022 | −3.8% | −5.3% |
| June 30, 2022 | +17.8% | −16.5% |
| March 31, 2022 | −13.4% | −4.9% |
| December 31, 2021 | +19.0% | +10.7% |
| September 30, 2021 | −13.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: FengHe Fund Management Pte. Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1660531&type=13F-HR&dateb=&owner=include&count=40CIK 1660531
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1660531/000117266126003145/Filed August 7, 2026 · accession 0001172661-26-003145