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Livermore
Livermore
ZHEN

E Fund Management (Hong Kong) Co., Ltd.

SEC CIK
0001777469
Latest filing
Jul 22, 2026

The latest 13F from E Fund Management (Hong Kong) Co., Ltd. covers Q2 2026 (filed Jul 22, 2026): 549 long positions worth $301.5M. The top 10 holdings make up 44.3% of the portfolio, and the largest is iShares Core S&P 500 ETF at 12.0%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
77
Est. +$8.91M
Added
275
Est. +$68.8M
Reduced
70
Est. −$16.0M
Sold out
19
Est. −$3.58M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    12.0%$36.3M
  2. PDDPDD Holdings Inc.
    5.8%$17.4MHistory
  3. NVDANVIDIA Corp
    5.1%$15.3MHistory
  4. SPYSPDR S&P 500 ETF Trust
    4.5%$13.5MHistory
  5. AAPLApple Inc.
    3.7%$11.1MHistory

Share of portfolio

Top 5 holdings and the other 544 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF12.0%
  2. PDD5.8%
  3. NVDA5.1%
  4. SPY4.5%
  5. AAPL3.7%
  6. Other 544 positions68.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$3.03MAdded
  2. AAPLApple Inc.
    +$2.88MAddedHistory
  3. AMDAdvanced Micro Devices Inc
    +$2.74MAddedHistory
  4. MUMicron Technology Inc
    +$2.65MAddedHistory
  5. AMATApplied Materials Inc
    +$2.47MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +2.51 pp1.1% → 3.6%History
  2. AMDAdvanced Micro Devices Inc
    +1.76 pp0.8% → 2.6%History
  3. AMATApplied Materials Inc
    +1.10 pp0.5% → 1.6%History
  4. LRCXLam Research Corp
    +1.08 pp0.5% → 1.6%History
  5. INTCIntel Corp
    +1.00 pp0.5% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PDDPDD Holdings Inc.
    −$3.93MReducedHistory
  2. GLWCorning Inc
    −$1.47MReducedHistory
  3. DSXDiana Shipping Inc.
    −$1.27MSold outHistory
  4. ARMArm Holdings PLC
    −$721.9KReducedHistory
  5. NEMNEWMONT Corp
    −$694.0KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. PDDPDD Holdings Inc.
    −7.22 pp13.0% → 5.8%History
  2. YUMCYum China Holdings, Inc.
    −1.32 pp3.1% → 1.8%History
  3. NEMNEWMONT Corp
    −0.97 pp2.0% → 1.0%History
  4. AEMAgnico Eagle Mines Ltd
    −0.85 pp1.6% → 0.8%History
  5. HTHTH World Group Ltd
    −0.78 pp1.8% → 1.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$301.5M
+$81.7M (+37.2%) vs. prior quarter
Positions
549
+58 vs. prior quarter
Top 10 concentration
44.3%
Top 10 as share of value
Turnover
7.5%
Q2 2026, one quarter
Average holding period
10.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $310.4M (Q1 2021)

Q1 2021: $310.4MQ2 2021: $160.6MQ4 2021: $179.7MQ1 2022: $156.6MQ2 2022: $145.0MQ3 2022: $125.9MQ4 2022: $117.6MQ1 2023: $179.2MQ2 2023: $134.3MQ3 2023: $158.9MQ4 2023: $186.8MQ1 2024: $152.7MQ2 2024: $163.2MQ3 2024: $167.8MQ4 2024: $125.4MQ1 2025: $111.6MQ2 2025: $104.0MQ3 2025: $164.3MQ4 2025: $239.3MQ1 2026: $219.9MQ2 2026: $301.5M
Q1 2021Q2 2026
13F filings of E Fund Management (Hong Kong) Co., Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026549$301.5MiShares Core S&P 500 ETFPDDNVDAvs. Q1 2026SEC
Q1 2026Apr 8, 2026491$219.9MiShares Core S&P 500 ETFPDDNVDAvs. Q4 2025SEC
Q4 2025Feb 5, 2026396$239.3MPDDiShares Core S&P 500 ETFSPYvs. Q3 2025SEC
Q3 2025Oct 23, 2025355$164.3MPDDiShares Core S&P 500 ETFSPYvs. Q2 2025SEC
Q2 2025Jul 24, 2025147$104.0MPDDiShares Core S&P 500 ETFSPYvs. Q1 2025SEC
Q1 2025Apr 23, 2025158$111.6MPDDiShares Core S&P 500 ETFSPYvs. Q4 2024SEC
Q4 2024Jan 22, 2025163$125.4MPDDiShares Core S&P 500 ETFYUMCvs. Q3 2024SEC
Q3 2024Oct 28, 2024163$167.8MPDDiShares Core S&P 500 ETFYUMCvs. Q2 2024SEC
Q2 2024Jul 12, 2024145$163.2MPDDiShares Core S&P 500 ETFYUMCvs. Q1 2024SEC
Q1 2024Apr 24, 202475$152.7MPDDYUMCiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 5, 202463$186.8MPDDYUMCNIOvs. Q3 2023SEC
Q3 2023Oct 12, 202350$158.9MPDDYUMCNIOvs. Q2 2023SEC
Q2 2023Jul 18, 202333$134.3MPDDYUMCNIOvs. Q1 2023SEC
Q1 2023Apr 21, 202329$179.2MPDDYUMCTCOMvs. Q4 2022SEC
Q4 2022Feb 1, 202323$117.6MPDDYUMCTCOMvs. Q3 2022SEC
Q3 2022Oct 24, 202231$125.9MPDDNIOYUMCvs. Q2 2022SEC
Q2 2022Jul 13, 202230$145.0MNIOPDDLIvs. Q1 2022SEC
Q1 2022May 17, 2022Amended40$156.6MDIDIYBIDUNIOvs. Q4 2021SEC
Q4 2021May 17, 2022Amended40$179.7MDIDIYNIOBIDU–SEC
Q2 2021Jul 27, 202145$160.6MJDNIOPDDvs. Q1 2021SEC
Q1 2021Apr 13, 202146$310.4MBABAPDDBIDU–SEC