GF FUND MANAGEMENT CO. LTD.

CIK

2057060

Location

GUANGZHOU, F4

Portfolio Value

Mid $5,665,767,262

Diversification

Diversified

Filing Date

Global Rank

#612 / 8,603 ▲ 31 · as of Mar 2026

Top Industry

Semiconductors 21.6%

3Y Alpha vs SPY

+6.8%

Period ended 3 months ago

Filed Apr 15, 2026 · 3mo

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+34.3%

SPY

+24.4%

Annualised alpha

+6.6%

Max drawdown

−23.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

621 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.3%

−1.1 pts

Top 5

26.3%

−4.6 pts

Top 10

42.4%

−3.4 pts

HHI

259

Diversified−30

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	56.6%	$3,206,509,617	64
Consumer Cyclical	11.8%	$669,390,983	20
Communication Services	9.1%	$513,004,710	17
Consumer Defensive	6.4%	$360,810,603	13
Healthcare	6.3%	$356,476,040	306
Energy	4.3%	$244,908,918	44
Industrials	2.5%	$141,038,253	22
Utilities	1.1%	$62,070,889	9
Basic Materials	1.0%	$56,238,475	9
Financial Services	0.5%	$27,741,766	10
Real Estate	0.5%	$27,577,008	107

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	+1,155,693	1,169,391	$145,331,913
TSEM	Tower Semiconductor Ltd	+835,983	1,144,395	$200,818,434
LRCX	Lam Research Corp	+393,594	660,133	$141,044,016
INTC	Intel Corp	+200,053	1,209,258	$53,364,555
MU	Micron Technology Inc	+137,717	449,260	$151,777,998
ROST	Ross Stores, Inc.	+93,034	163,279	$35,371,129
ASML	Asml Holding NV	+85,202	103,708	$136,980,637
AMZN	Amazon Com Inc	+77,497	1,233,269	$256,852,934
AMAT	Applied Materials Inc /De	+68,521	236,560	$80,853,842
UBER	Uber Technologies, Inc	+54,500	104,500	$7,516,685
YMM	Full Truck Alliance Co. Ltd.	+46,950	864,352	$7,174,121
COP	Conocophillips	+40,723	335,157	$44,240,724
TSLA	Tesla, Inc.	+40,682	500,906	$186,211,805
CTRA	Coterra Energy Inc.	+31,083	267,361	$9,395,065
PR	Permian Resources Corp	+28,463	234,255	$4,994,316
TME	Tencent Music Entertainment Group	+28,060	516,383	$4,792,034
DVN	Devon Energy Corp/De	+24,454	201,248	$10,126,799
TAL	TAL Education Group	+21,980	402,304	$4,574,196
KOS	Kosmos Energy Ltd.	+19,892	163,701	$455,088
VG	Venture Global, Inc.	+19,283	158,690	$2,500,954
EOG	Eog Resources Inc	+17,774	146,279	$21,147,555
BZ	Kanzhun Ltd	+17,250	333,149	$4,460,865
EQT	EQT Corp	+16,146	132,891	$8,457,183
APA	APA Corp	+14,470	119,085	$5,053,967
VIPS	Vipshop Holdings Ltd	+13,340	246,891	$3,881,126
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PM	Philip Morris International Inc.	−229,936	138,918	$22,968,702
PDD	PDD Holdings Inc.	−188,285	830,784	$84,889,509
SNDK	Sandisk Corp	−144,001	328,862	$208,939,183
LITE	Lumentum Holdings Inc.	−131,546	283,699	$199,372,309
BE	Bloom Energy Corp	−128,723	14,941	$2,024,356
CELH	Celsius Holdings, Inc.	−125,703	54,395	$1,929,934
NVDA	Nvidia Corp	−111,408	2,360,501	$411,671,374
NOW	ServiceNow, Inc.	−95,473	20,487	$2,141,915
CIEN	Ciena Corp	−84,001	107,979	$41,920,687
AMKR	Amkor Technology, Inc.	−79,576	43,738	$1,969,522
NBIS	Nebius Group N.V.	−70,059	69,125	$7,172,410
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−69,887	39,934	$13,495,695
MSFT	Microsoft Corp	−68,101	649,109	$240,280,678
CRWV	CoreWeave, Inc.	−66,388	37,919	$2,937,584
SHOP	Shopify Inc.	−57,152	250,545	$29,719,647
VST	Vistra Corp.	−50,660	13,049	$1,961,656
TER	Teradyne, Inc	−48,262	301,875	$89,493,862
ABNB	Airbnb, Inc.	−47,554	87,155	$11,005,933
TLN	Talen Energy Corp	−46,733	7,310	$2,333,571
META	Meta Platforms, Inc.	−42,429	260,678	$149,141,704
RKLB	Rocket Lab Corp	−41,591	129,618	$8,324,067
NFLX	Netflix Inc	−38,950	854,845	$82,193,346
AAPL	Apple Inc.	−34,273	1,456,360	$369,609,604
AVGO	Broadcom Inc.	−33,687	577,209	$178,651,957
AMD	Advanced Micro Devices Inc	−32,250	330,131	$67,158,549
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
COHR	Coherent Corp.	98,000	$23,344,580
VICR	Vicor Corp	115,245	$18,554,445
NAVN	Navan, Inc.	229,022	$3,032,251
FORM	Formfactor Inc	12,000	$1,163,880
CF	CF Industries Holdings, Inc.	3,547	$460,542
KO	Coca Cola Co	4,418	$335,988
DOW	Dow Inc.	7,563	$314,998
CVX	Chevron Corp	1,374	$284,280
WYNN	Wynn Resorts Ltd	1,389	$141,052
TCOM	Trip.com Group Ltd	2,500	$124,475
RL	Ralph Lauren Corp	330	$113,516
KKR	KKR & Co. Inc.	1,218	$112,665
ERIC	Ericsson Lm Telephone Co	9,197	$103,650
SSD	Simpson Manufacturing Co., Inc.	550	$94,391
TREX	Trex Co Inc	2,500	$91,050
LPX	Louisiana-Pacific Corp	1,200	$87,300
INDV	Indivior Pharmaceuticals, Inc.	2,804	$85,465
HLT	Hilton Worldwide Holdings Inc.	209	$63,552
RDDT	Reddit, Inc.	397	$53,456
DFTX	Definium Therapeutics, Inc.	2,213	$41,825
CMI	Cummins Inc	72	$38,737
ETR	Entergy Corp /De/	245	$27,528
RGC	Regencell Bioscience Holdings Ltd	1,064	$27,057
COIN	Coinbase Global, Inc.	118	$20,603
PONY	Pony AI Inc.	784	$7,400
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
GLW	Corning Inc /Ny	141,000	$12,345,960
SAP	Sap SE	31,549	$7,663,567
CSIQ	Canadian Solar Inc.	263,364	$6,260,162
DIS	Walt Disney Co	26,000	$2,958,020
ALAB	Astera Labs, Inc.	13,104	$2,179,981
DG	Dollar General Corp	16,321	$2,166,939
SE	Sea Ltd	15,799	$2,015,478
AFRM	Affirm Holdings, Inc.	24,491	$1,822,865
RMBS	Rambus Inc	15,975	$1,467,942
HEI	Heico Corp	3,884	$1,256,823
LAR	Lithium Argentina AG	80,000	$446,400
MLI	Mueller Industries Inc	7,398	$424,645
DB	Deutsche Bank Aktiengesellschaft	10,210	$393,697
ORCL	Oracle Corp	1,573	$306,593
SHEL	Shell plc	3,672	$269,818
DUK	Duke Energy CORP	2,054	$240,749
WFC	Wells Fargo & Company/Mn	2,517	$234,584
FHI	Federated Hermes, Inc.	4,461	$232,284
JPM	Jpmorgan Chase & Co	586	$188,820
C	Citigroup Inc	1,399	$163,249
FOXA	Fox Corp	1,903	$139,052
BX	Blackstone Inc.	599	$92,329
IREN	IREN Ltd	2,429	$91,743
FUTU	Futu Holdings Ltd	410	$67,326
SGML	Sigma Lithium Corp	4,316	$56,928
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

621 positions · $5,665,767,262 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 621 positions by value · page 1 of 13

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	2,360,501	-111,408	$411,671,374	−10.7%	7.27%
AAPL	Apple Inc. Technology	Reduced	1,456,360	-34,273	$369,609,604	−8.8%	6.52%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,233,269	+77,497	$256,852,934	−3.7%	4.53%
MSFT	Microsoft Corp Technology	Reduced	649,109	-68,101	$240,280,678	−30.7%	4.24%
SNDK	Sandisk Corp Technology	Reduced	328,862	-144,001	$208,939,183	+86.1%	3.69%
TSEM	Tower Semiconductor Ltd Technology	Added	1,144,395	+835,983	$200,818,434	+454.5%	3.54%
LITE	Lumentum Holdings Inc. Technology	Reduced	283,699	-131,546	$199,372,309	+30.3%	3.52%
TSLA	Tesla, Inc. Consumer Cyclical	Added	500,906	+40,682	$186,211,805	−10.0%	3.29%
AVGO	Broadcom Inc. Technology	Reduced	577,209	-33,687	$178,651,957	−15.5%	3.15%
MU	Micron Technology Inc Technology	Added	449,260	+137,717	$151,777,998	+70.7%	2.68%
META	Meta Platforms, Inc. Communication Services	Reduced	260,678	-42,429	$149,141,704	−25.5%	2.63%
WMT	Walmart Inc. Consumer Defensive	Added	1,169,391	+1,155,693	$145,331,913	+9423.1%	2.57%
LRCX	Lam Research Corp Technology	Added	660,133	+393,594	$141,044,016	+209.1%	2.49%
ASML	Asml Holding NV Technology	Added	103,708	+85,202	$136,980,637	+591.9%	2.42%
GOOGL	Alphabet Inc. Communication Services	Reduced	429,134	-27,855	$123,401,773	−13.7%	2.18%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	91,357	-10,076	$91,030,855	+4.1%	1.61%
TER	Teradyne, Inc Technology	Reduced	301,875	-48,262	$89,493,862	+32.1%	1.58%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	830,784	-188,285	$84,889,509	−26.5%	1.50%
NFLX	Netflix Inc Communication Services	Reduced	854,845	-38,950	$82,193,346	−1.9%	1.45%
AMAT	Applied Materials Inc /De Technology	Added	236,560	+68,521	$80,853,842	+87.2%	1.43%
PLTR	Palantir Technologies Inc. Technology	Reduced	465,900	-18,020	$68,151,852	−20.8%	1.20%
AMD	Advanced Micro Devices Inc Technology	Reduced	330,131	-32,250	$67,158,549	−13.5%	1.19%
CSCO	Cisco Systems, Inc. Technology	Reduced	809,688	-23,731	$62,823,691	−2.1%	1.11%
INTC	Intel Corp Technology	Added	1,209,258	+200,053	$53,364,555	+43.3%	0.94%
LIN	Linde PLC Basic Materials	Reduced	94,598	-4,532	$46,897,904	+11.0%	0.83%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	223,222	-12,709	$46,883,316	−2.1%	0.83%
AMGN	Amgen Inc Healthcare	Reduced	132,065	-2,350	$46,467,070	+5.6%	0.82%
COP	Conocophillips Energy	Added	335,157	+40,723	$44,240,724	+60.5%	0.78%
PEP	Pepsico Inc Consumer Defensive	Reduced	280,206	-8,212	$43,513,189	+5.1%	0.77%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	308,052	-5,026	$42,933,207	+11.7%	0.76%
CIEN	Ciena Corp Technology	Reduced	107,979	-84,001	$41,920,687	−6.6%	0.74%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	82,448	-2,129	$38,007,703	−20.7%	0.67%
TXN	Texas Instruments Inc Technology	Reduced	186,560	-5,099	$36,218,758	+8.9%	0.64%
ROST	Ross Stores, Inc. Consumer Cyclical	Added	163,279	+93,034	$35,371,129	+179.5%	0.62%
APP	AppLovin Corp Communication Services	Reduced	81,568	-2,192	$32,464,064	−42.5%	0.57%
ADI	Analog Devices Inc Technology	Reduced	100,344	-2,941	$31,923,440	+14.0%	0.56%
HON	Honeywell International Inc Industrials	Reduced	130,106	-3,813	$30,842,017	+12.6%	0.54%
SHOP	Shopify Inc. Technology	Reduced	250,545	-57,152	$29,719,647	−40.0%	0.52%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	64,591	-820	$28,842,465	−2.7%	0.51%
QCOM	Qualcomm Inc/De Technology	Reduced	219,478	-22,925	$28,264,376	−31.8%	0.50%
PANW	Palo Alto Networks Inc Technology	Reduced	159,645	-22,257	$25,594,286	−23.6%	0.45%
INTU	Intuit Inc. Technology	Reduced	57,418	-1,671	$24,826,394	−36.6%	0.44%
COHR	Coherent Corp. Technology	NEW	98,000	NEW	$23,344,580	NEW	0.41%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	138,918	-229,936	$22,968,702	−61.2%	0.41%
ADBE	Adobe Inc. Technology	Reduced	92,723	-12,606	$22,539,106	−38.9%	0.40%
CEG	Constellation Energy Corp Utilities	Reduced	79,540	-19,412	$22,211,545	−36.5%	0.39%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Reduced	28,281	-830	$21,851,031	−2.8%	0.39%
CMCSA	Comcast Corp Communication Services	Reduced	744,799	-21,829	$21,383,179	−0.4%	0.38%
LLY	ELI LILLY & Co Healthcare	Held	23,237	0	$21,372,695	−14.4%	0.38%
FANG	Diamondback Energy, Inc. Energy	Added	107,487	+4,667	$21,259,853	+37.5%	0.38%