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Livermore
Livermore
ZHEN

GF Fund Management Co. Ltd.

SEC CIK
0002057060
Latest filing
Aug 7, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Jan 27, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
643
+12 vs. Q3 2025
Portfolio value
$5.85B
+$337.6M (+6.1%) vs. Q3 2025
Filed
Jan 27, 2026
SEC
Holdings of GF Fund Management Co. Ltd. in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock2,471,909$461.0M7.9%−7,457−0.3%ReducedHistory
AAPLApple Inc.Stock1,490,633$405.2M6.9%−30,912−2.0%ReducedHistory
MSFTMicrosoft CorpStock717,210$346.9M5.9%−38,482−5.1%ReducedHistory
GOOGAlphabet Inc.Stock853,836$267.9M4.6%+101,085+13.4%AddedHistory
AMZNAmazon Com IncStock1,155,772$266.8M4.6%−12,196−1.0%ReducedHistory
AVGOBroadcom Inc.Stock610,896$211.4M3.6%−217,184−26.2%ReducedHistory
TSLATesla, Inc.Stock460,224$207.0M3.5%+72,438+18.7%AddedHistory
METAMeta Platforms, Inc.Stock303,107$200.1M3.4%+31,556+11.6%AddedHistory
LITELumentum Holdings Inc.COM415,245$153.1M2.6%+10,322+2.5%AddedHistory
GOOGLAlphabet Inc.Stock456,989$143.0M2.4%−31,134−6.4%ReducedHistory
PDDPDD Holdings Inc.SPONSORED ADS1,019,069$115.6M2.0%+226,027+28.5%AddedHistory
SNDKSandisk CorpCOM472,863$112.2M1.9%+69,958+17.4%AddedHistory
MUMicron Technology IncStock311,543$88.9M1.5%+17,976+6.1%AddedHistory
COSTCostco Wholesale CorpStock101,433$87.5M1.5%+5,677+5.9%AddedHistory
PLTRPalantir Technologies Inc.Stock483,920$86.0M1.5%+29,836+6.6%AddedHistory
NFLXNetflix IncStock893,795$83.8M1.4%+24,935+2.9%AddedConverted for a 10-for-1 splitHistory
AMDAdvanced Micro Devices IncStock362,381$77.6M1.3%−25,198−6.5%ReducedHistory
TERTeradyne, IncStock350,137$67.8M1.2%+350,137NewHistory
CSCOCisco Systems, Inc.Stock833,419$64.2M1.1%+54,053+6.9%AddedHistory
PMPhilip Morris International Inc.Stock368,854$59.2M1.0%+6,666+1.8%AddedHistory
APPAppLovin CorpCOM CL A83,760$56.4M1.0%+9,647+13.0%AddedHistory
SHOPShopify Inc.Stock307,697$49.5M0.8%+77,197+33.5%AddedHistory
TMUST-Mobile US, Inc.Stock235,931$47.9M0.8%+9,793+4.3%AddedHistory
ISRGIntuitive Surgical IncCOM NEW84,577$47.9M0.8%+4,727+5.9%AddedHistory
LRCXLam Research CorpStock266,539$45.6M0.8%+11,787+4.6%AddedHistory
CIENCiena CorpCOM NEW191,980$44.9M0.8%+77,425+67.6%AddedHistory
AMGNAmgen IncStock134,415$44.0M0.8%+6,216+4.8%AddedHistory
AMATApplied Materials IncStock168,039$43.2M0.7%+8,212+5.1%AddedHistory
LINLinde PLCStock99,130$42.3M0.7%+4,744+5.0%AddedHistory
QCOMQualcomm IncStock242,403$41.5M0.7%+23,723+10.8%AddedHistory
PEPPepsiCo IncStock288,418$41.4M0.7%+19,899+7.4%AddedHistory
INTUIntuit Inc.Stock59,089$39.1M0.7%+3,141+5.6%AddedHistory
GILDGilead Sciences, Inc.Stock313,078$38.4M0.7%+14,531+4.9%AddedHistory
SNPSSynopsys IncCOM79,984$37.6M0.6%−7,667−8.7%ReducedHistory
INTCIntel CorpStock1,009,205$37.2M0.6%+164,907+19.5%AddedHistory
ADBEAdobe Inc.Stock105,329$36.9M0.6%+20,243+23.8%AddedHistory
BKNGBooking Holdings Inc.Stock6,853$36.7M0.6%+318+4.9%AddedHistory
TSEMTower Semiconductor LtdSHS NEW308,412$36.2M0.6%+307,267+26,835.5%AddedHistory
CEGConstellation Energy CorpStock98,952$35.0M0.6%−9,209−8.5%ReducedHistory
KLACKLA CorpCOM NEW27,715$33.7M0.6%+1,378+5.2%AddedHistory
PANWPalo Alto Networks IncStock181,902$33.5M0.6%+18,408+11.3%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR109,821$33.4M0.6%+65,712+149.0%AddedHistory
TXNTexas Instruments IncStock191,659$33.3M0.6%+10,726+5.9%AddedHistory
CRWDCrowdStrike Holdings, Inc.Stock65,477$30.7M0.5%+5,199+8.6%AddedHistory
VRTXVertex Pharmaceuticals IncStock65,411$29.7M0.5%+2,620+4.2%AddedHistory
ADIAnalog Devices IncStock103,285$28.0M0.5%+4,451+4.5%AddedHistory
COPConocoPhillipsStock294,434$27.6M0.5%−7,368−2.4%ReducedHistory
HONHoneywell International IncCOM133,919$26.1M0.4%+5,921+4.6%AddedHistory
LLYEli Lilly & CoStock23,237$25.0M0.4%−398−1.7%ReducedHistory
MELIMercadolibre IncCOM11,562$23.3M0.4%+597+5.4%AddedHistory
CMCSAComcast CorpStock766,628$22.9M0.4%+24,896+3.4%AddedHistory
REGNRegeneron Pharmaceuticals, Inc.COM29,111$22.5M0.4%+399+1.4%AddedHistory
HOODRobinhood Markets, Inc.Stock194,887$22.0M0.4%−191,272−49.5%ReducedHistory
ADPAutomatic Data Processing IncStock85,312$21.9M0.4%+4,468+5.5%AddedHistory
CDNSCadence Design Systems IncStock69,654$21.8M0.4%−16,735−19.4%ReducedHistory
STXSeagate Technology Holdings plcORD SHS75,137$20.7M0.4%+15,337+25.6%AddedHistory
TLNTalen Energy CorpCOM54,043$20.3M0.3%−10,213−15.9%ReducedHistory
SBUXStarbucks CorpStock239,853$20.2M0.3%+13,525+6.0%AddedHistory
ASMLASML Holding NVADR18,506$19.8M0.3%+1,098+6.3%AddedHistory
DASHDoorDash, Inc.Stock85,710$19.4M0.3%+9,629+12.7%AddedHistory
ABNBAirbnb, Inc.Stock134,709$18.3M0.3%+5,582+4.3%AddedHistory
NOWServiceNow, Inc.Stock115,960$17.8M0.3%−30,740−21.0%ReducedConverted for a 5-for-1 splitHistory
MARMarriott International IncStock56,604$17.6M0.3%+2,054+3.8%AddedHistory
ORLYO Reilly Automotive IncStock178,050$16.2M0.3%+7,798+4.6%AddedHistory
MNSTMonster Beverage CorpCOM209,012$16.0M0.3%+14,780+7.6%AddedHistory
CTASCintas CorpStock84,767$15.9M0.3%+4,348+5.4%AddedHistory
FANGDiamondback Energy, Inc.Stock102,820$15.5M0.3%−891−0.9%ReducedHistory
MRVLMarvell Technology, Inc.COM181,846$15.5M0.3%+10,128+5.9%AddedHistory
WBDWarner Bros. Discovery, Inc.Stock522,688$15.1M0.3%+29,946+6.1%AddedHistory
MDLZMondelez International, Inc.Stock272,180$14.7M0.3%+14,302+5.5%AddedHistory
CSXCSX CorpStock392,788$14.2M0.2%+18,653+5.0%AddedHistory
EOGEOG Resources IncStock128,505$13.5M0.2%−1,977−1.5%ReducedHistory
ADSKAutodesk, Inc.COM44,718$13.2M0.2%+2,097+4.9%AddedHistory
AEPAmerican Electric Power Co IncStock114,224$13.2M0.2%+7,833+7.4%AddedHistory
IDXXIDEXX Laboratories IncCOM19,010$12.9M0.2%+786+4.3%AddedHistory
ROSTRoss Stores, Inc.COM70,245$12.7M0.2%+4,754+7.3%AddedHistory
JNJJohnson & JohnsonStock60,720$12.6M0.2%−5,981−9.0%ReducedHistory
BEBloom Energy CorpCOM CL A143,664$12.5M0.2%−505,192−77.9%ReducedHistory
FTNTFortinet, Inc.Stock156,860$12.5M0.2%+4,418+2.9%AddedHistory
TRIThomson Reuters CorpCOM NO PAR93,832$12.4M0.2%+11,832+14.4%AddedHistory
AZNAstraZeneca PLCSPONSORED ADR134,597$12.4M0.2%+4,755+3.7%AddedHistory
GLWCorning IncCOM141,000$12.3M0.2%+141,000NewHistory
PSXPhillips 66Stock95,217$12.3M0.2%−2,191−2.2%ReducedHistory
PCARPaccar IncCOM110,783$12.1M0.2%+6,231+6.0%AddedHistory
ALNYAlnylam Pharmaceuticals, Inc.COM30,462$12.1M0.2%+27,665+989.1%AddedHistory
RKLBRocket Lab CorpCOM171,209$11.9M0.2%+2,138+1.3%AddedHistory
NBISNebius Group N.V.Stock139,184$11.7M0.2%−183,453−56.9%ReducedHistory
NXPINXP Semiconductors N.V.COM53,087$11.5M0.2%+2,773+5.5%AddedHistory
PYPLPayPal Holdings, Inc.Stock197,361$11.5M0.2%+3,669+1.9%AddedHistory
ABBVAbbVie Inc.Stock47,747$10.9M0.2%−901−1.9%ReducedHistory
EAElectronic Arts Inc.COM52,756$10.8M0.2%+2,813+5.6%AddedHistory
WDCWestern Digital CorpCOM59,919$10.3M0.2%−5,274−8.1%ReducedHistory
VSTVistra Corp.Stock63,709$10.3M0.2%+505+0.8%AddedHistory
ROPRoper Technologies IncStock22,704$10.1M0.2%+1,291+6.0%AddedHistory
FERFerrovial N.V.ORD SHS154,774$10.0M0.2%+154,774NewHistory
TTWOTake Two Interactive Software IncCOM38,976$9.98M0.2%+2,694+7.4%AddedHistory
UNHUnitedHealth Group IncStock29,614$9.78M0.2%−7,597−20.4%ReducedHistory
FASTFastenal CoStock242,159$9.72M0.2%+13,672+6.0%AddedHistory
WDAYWorkday, Inc.CL A44,929$9.65M0.2%+1,910+4.4%AddedHistory
BKRBaker Hughes CoCL A210,125$9.57M0.2%+12,805+6.5%AddedHistory

Sold out since Q3 2025 (64)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of GF Fund Management Co. Ltd. sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
BIDUBaidu, Inc.ADR163,059$21.5M0.4%History
NVONovo Nordisk A SADR120,000$6.66M0.1%History
TTDTrade Desk, Inc.Stock89,252$4.37M0.1%History
CDWCDW CorpCOM26,227$4.18M0.1%History
ONOn Semiconductor CorpStock83,227$4.10M0.1%History
LULUlululemon athletica inc.Stock22,911$4.08M0.1%History
GFSGLOBALFOUNDRIES Inc.Stock110,119$3.95M0.1%History
ATHMAutohome Inc.SP ADS RP CL A55,992$1.60M<0.1%History
JOYYJOYY Inc.ADS REPSTG COM A23,448$1.37M<0.1%History
IQiQIYI, Inc.SPONSORED ADS464,147$1.19M<0.1%History
WBWEIBO CorpSPONSORED ADR74,710$926.4K<0.1%History
ILMNIllumina, Inc.COM3,307$314.1K<0.1%History
BTIBritish American Tobacco p.l.c.SPONSORED ADR4,179$221.8K<0.1%History
VRNAVerona Pharma plcSPONSORED ADS1,826$194.9K<0.1%History
KTOSKratos Defense & Security Solutions, Inc.COM NEW2,087$190.7K<0.1%History
BABAAlibaba Group Holding LtdADR1,009$180.3K<0.1%History
NEMNEWMONT CorpStock1,957$165.0K<0.1%History
MRUSMerus N.V.COM1,627$153.2K<0.1%History
ACHRArcher Aviation Inc.Stock13,745$131.7K<0.1%History
VTLEVital Energy, Inc.COM7,376$124.6K<0.1%History
LUNRIntuitive Machines, Inc.CLASS A COM8,907$93.7K<0.1%History
AKROAkero Therapeutics, Inc.COM1,721$81.7K<0.1%History
SNOWSnowflake Inc.Stock247$55.7K<0.1%History
RKTRocket Companies, Inc.Stock2,797$54.2K<0.1%History
GEVGE Vernova Inc.Stock87$53.5K<0.1%History
ETNB89bio, Inc.COM3,191$46.9K<0.1%History
COINCoinbase Global, Inc.COM CL A134$45.2K<0.1%History
AVDLAvadel Pharmaceuticals PLCStock2,089$31.9K<0.1%History
TRMLTourmaline Bio, Inc.COM555$26.5K<0.1%History
Curevac N VN2451R105COM4,844$26.1K<0.1%–
PGREParamount Group, Inc.COM2,968$19.4K<0.1%History
LEUCentrus Energy CorpStock62$19.2K<0.1%History
EVRGEvergy, Inc.Stock171$13.0K<0.1%History
NINisource Inc.COM290$12.6K<0.1%History
AEEAmeren CorpCOM118$12.3K<0.1%History
DTEDte Energy CoCOM87$12.3K<0.1%History
LXRXLexicon Pharmaceuticals, Inc.COM NEW7,818$10.6K<0.1%History
HCMHUTCHMED (China) LtdSPONSORED ADS669$10.5K<0.1%History
ATXSAstria Therapeutics, Inc.COM1,209$8.80K<0.1%History
UHTUniversal Health Realty Income TrustSH BEN INT218$8.54K<0.1%History
FPIFarmland Partners Inc.COM740$8.05K<0.1%History
CHCTCommunity Healthcare Trust IncCOM474$7.25K<0.1%History
SITCSITE Centers Corp.COM794$7.15K<0.1%History
AMRNAmarin Corp PLCSPONSORED ADR434$7.11K<0.1%History
XRNChiron Real Estate Inc.COM NEW200$6.74K<0.1%History
SCPHscPharmaceuticals Inc.COM1,147$6.50K<0.1%History
ALECAlector, Inc.COM2,178$6.45K<0.1%History
OLPOne Liberty Properties IncCOM280$6.19K<0.1%History
RNACCartesian Therapeutics, Inc.COM NEW549$5.61K<0.1%History
MXCTMaxcyte, Inc.COM2,256$3.56K<0.1%History
TVGNTevogen Inc.COM4,088$3.21K<0.1%History
NKTXNkarta, Inc.COM1,463$3.03K<0.1%History
FATEFate Therapeutics IncCOM2,396$3.02K<0.1%History
CLYMClimb Bio, Inc.COM1,458$2.93K<0.1%History
BMEABiomea Fusion, Inc.COM1,280$2.59K<0.1%History
MGNXMacrogenics IncCOM1,303$2.19K<0.1%History
PLRXPliant Therapeutics, Inc.COM1,264$1.87K<0.1%History
TCRXTScan Therapeutics, Inc.COM1,020$1.86K<0.1%History
STROSutro Biopharma, Inc.COM1,918$1.67K<0.1%History
ARTVArtiva Biotherapeutics, Inc.COM510$1.46K<0.1%History
ACRVAcrivon Therapeutics, Inc.COMMON STOCK650$1.18K<0.1%History
OKUROnKure Therapeutics, Inc.COM CL A271$745<0.1%History
MRSNMersana Therapeutics, Inc.COMMON STOCK94$729<0.1%History
QTTBQ32 Bio Inc.COM227$449<0.1%History