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Livermore
Livermore
ZHEN

E Fund Management Co., Ltd.

SEC CIK
0001842296
Latest filing
Aug 10, 2026

The latest 13F from E Fund Management Co., Ltd. covers Q2 2026 (filed Aug 10, 2026): 488 long positions worth $4.46B. The top 10 holdings make up 49.5% of the portfolio, and the largest is PDD Holdings Inc. (PDD) at 8.1%. Livermore has 20 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
36
Est. +$158.0M
Added
205
Est. +$938.5M
Reduced
236
Est. −$793.6M
Sold out
37
Est. −$46.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. PDDPDD Holdings Inc.
    8.1%$359.7MHistory
  2. LRCXLam Research Corp
    5.9%$262.6MHistory
  3. AMDAdvanced Micro Devices Inc
    5.6%$248.1MHistory
  4. NVDANVIDIA Corp
    5.3%$234.8MHistory
  5. INTCIntel Corp
    4.7%$209.2MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. LRCXLam Research Corp
    +$213.0MAddedHistory
  2. AMDAdvanced Micro Devices Inc
    +$162.1MAddedHistory
  3. ASMLASML Holding NV
    +$104.1MAddedHistory
  4. INTCIntel Corp
    +$96.5MAddedHistory
  5. ALABAstera Labs, Inc.
    +$95.1MNewHistory

Largest weight increases

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

  1. LRCXLam Research Corp
    +5.17 pp0.7% → 5.9%History
  2. AMDAdvanced Micro Devices Inc
    +4.67 pp0.9% → 5.6%History
  3. INTCIntel Corp
    +3.64 pp1.1% → 4.7%History
  4. KLACKLA Corp
    +2.68 pp1.0% → 3.7%History
  5. ASMLASML Holding NV
    +2.52 pp1.3% → 3.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. LITELumentum Holdings Inc.
    −$165.0MReducedHistory
  2. GLWCorning Inc
    −$122.4MReducedHistory
  3. GOOGLAlphabet Inc.
    −$97.2MReducedHistory
  4. AXTIAxt Inc
    −$87.7MReducedHistory
  5. TSEMTower Semiconductor Ltd
    −$86.8MReducedHistory

Largest weight decreases

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

  1. LITELumentum Holdings Inc.
    −4.04 pp4.4% → 0.3%History
  2. GOOGLAlphabet Inc.
    −2.41 pp3.7% → 1.3%History
  3. AXTIAxt Inc
    −2.06 pp2.1% → 0.1%History
  4. TSEMTower Semiconductor Ltd
    −1.73 pp1.8% → 0.1%History
  5. NVDANVIDIA Corp
    −1.70 pp7.0% → 5.3%History

Metrics

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

Portfolio value
$4.46B
+$1.09B (+32.4%) vs. prior quarter
Positions
488
−1 vs. prior quarter
Top 10 concentration
49.5%
Top 10 as share of value
Turnover
21.5%
Q2 2026, one quarter
Average holding period
2.0 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

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

Peak $4.46B (Q2 2026)

Q1 2021: $1.22BQ3 2021: $2.39BQ4 2021: $2.83BQ1 2022: $3.06BQ2 2022: $1.10BQ3 2022: $1.07BQ4 2022: $1.20BQ1 2023: $1.37BQ2 2023: $1.26BQ3 2023: $1.31BQ4 2023: $1.58BQ1 2024: $1.61BQ2 2024: $1.81BQ3 2024: $1.95BQ4 2024: $1.99BQ1 2025: $2.09BQ2 2025: $2.10BQ1 2026: $3.37BQ2 2026: $4.46B
Q1 2021Q2 2026
13F filings of E Fund Management Co., Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026488$4.46BPDDLRCXAMDvs. Q1 2026SEC
Q1 2026Apr 13, 2026489$3.37BPDDNVDAAAPL–SEC
Q2 2025Aug 15, 2025394$2.10BPDDMSFTNVDAvs. Q1 2025SEC
Q1 2025May 13, 2025398$2.09BPDDMSFTAAPLvs. Q4 2024SEC
Q4 2024Feb 7, 2025395$1.99BPDDMSFTAAPLvs. Q3 2024SEC
Q3 2024Nov 13, 2024353$1.95BPDDMSFTAAPLvs. Q2 2024SEC
Q2 2024Aug 12, 2024318$1.81BPDDMSFTTSMvs. Q1 2024SEC
Q1 2024May 13, 2024368$1.61BPDDMSFTBEKEvs. Q4 2023SEC
Q4 2023Feb 7, 2024306$1.58BPDDBEKEMSFTvs. Q3 2023SEC
Q3 2023Nov 13, 2023292$1.31BPDDBEKETSMvs. Q2 2023SEC
Q2 2023Aug 11, 2023309$1.26BPDDBEKETSMvs. Q1 2023SEC
Q1 2023May 11, 2023332$1.37BPDDTMESEvs. Q4 2022SEC
Q4 2022Feb 14, 2023334$1.20BPDDTMEYMMvs. Q3 2022SEC
Q3 2022Nov 14, 2022334$1.07BPDDBEKESTAAvs. Q2 2022SEC
Q2 2022Aug 15, 2022323$1.10BPDDBEKEBZvs. Q1 2022SEC
Q1 2022May 12, 2022325$3.06BBABAJDBIDUvs. Q4 2021SEC
Q4 2021Feb 11, 2022301$2.83BBABAJDBIDUvs. Q3 2021SEC
Q3 2021Nov 12, 2021271$2.39BBABAJDPDD–SEC
Q1 2021May 13, 2021Amended251$1.22BBABAJDTAL–SEC