FengHe Fund Management Pte. Ltd.
Long book
$723.6M
Q1 2026
Positions
31
Top-10 weight
72%
concentration
Last quarter
+31.1%
SPY +14.8%
Turnover
56%
of book per quarter
Strategy in plain words
auto-generated from filingsFengHe Fund Management Pte. Ltd. is a concentrated fundamental stock-picker, specialised in technology (68% of the long book), running a $723.6M US long book across 31 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: MKS INC, BWX TECHNOLOGIES INC, TERADYNE INC, ON HOLDING AG-CLASS A, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 9 quarters its long book ran on average 14pp per quarter ahead of the S&P 500, beating the index in 8 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+10.4%
Q2 2024
-0.4%
Q3 2024
+13.8%
Q4 2024
+0.8%
Q1 2025
+26.7%
Q2 2025
+46.2%
Q3 2025
+21.5%
Q4 2025
+15.9%
Q1 2026
+31.1%
Sector allocation
Technology 67%
Industrials 22%
Other 9%
Healthcare 2%
Materials 1%
Long book by quarter
What does FengHe Fund own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MKSI MKS INC | Technology | 456.3K | $104.9M | 14.5% | New |
| BWXT BWX TECHNOLOGIES INC | Industrials | 393.2K | $80.4M | 11.1% | New |
| TER TERADYNE INC | Technology | 196.8K | $58.3M | 8.1% | New |
| ONON ON HOLDING AG-CLASS A | Other | 1.7M | $57.8M | 8.0% | -44.5% |
| GOOGL ALPHABET INC-CL A | Technology | 129.5K | $37.2M | 5.1% | -75.1% |
| SITM SITIME CORP | Technology | 107.7K | $37.2M | 5.1% | -16.1% |
| LITE LUMENTUM HOLDINGS INC | Technology | 52.8K | $37.1M | 5.1% | -72.5% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 101.9K | $35.2M | 4.9% | -62.3% |
| CIEN CIENA CORP | Technology | 89.3K | $34.7M | 4.8% | -86.5% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 24.3K | $32.1M | 4.4% | +155.8% |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 110.5K | $24.5M | 3.4% | -79.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 106.3K | $21.6M | 3.0% | +46.1% |
| AVGO BROADCOM INC | Technology | 59.3K | $18.3M | 2.5% | -79.5% |
| MOD MODINE MANUFACTURING CO | Industrials | 62.7K | $13.6M | 1.9% | New |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 32.5K | $10.8M | 1.5% | -85.1% |
| CRS CARPENTER TECHNOLOGY | Industrials | 25.0K | $9.9M | 1.4% | -78.5% |
| MSFT MICROSOFT CORP | Technology | 26.2K | $9.7M | 1.3% | New |
| ADI ANALOG DEVICES INC | Technology | 30.0K | $9.5M | 1.3% | -48.5% |
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 96.1K | $9.0M | 1.2% | -40.8% |
| ALAB ASTERA LABS INC | Technology | 74.3K | $8.1M | 1.1% | -38.6% |
| AA ALCOA CORP | Industrials | 110.1K | $7.3M | 1.0% | New |
| B BARRICK MINING CORP | Materials | 140.8K | $5.7M | 0.8% | New |
| NVDA NVIDIA CORP | Technology | 31.2K | $5.4M | 0.8% | +15.1% |
| WWD WOODWARD INC | Industrials | 13.7K | $4.9M | 0.7% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 31 | $723.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 38 | $1.78B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 35 | $1.10B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 22 | $610.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 25 | $266.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 15 | $338.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 18 | $338.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 22 | $716.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 25 | $793.9M | canonical | SEC ↗ |