Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
33
Top-10 weight
60.63%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
20
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
306.4
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | TENCENT HOLDINGS LTD | — | 9,868,475 | $609.21M | 10.09% |
| 2 | BABA-W | — | 35,546,764 | $539.54M | 8.93% |
| 3 | PDD HOLDINGS INC ADR | — | 5,191,933 | $530.51M | 8.78% |
| 4 | MEITUAN-W | — | 41,985,047 | $444.21M | 7.36% |
| 5 | NETEASE INC | — | 16,420,705 | $357.10M | 5.91% |
| 6 | JD-SW | — | 20,551,990 | $296.74M | 4.91% |
| 7 | KE Holdings, Inc., Class A | 2423 | 54,208,700 | $262.05M | 4.34% |
| 8 | BIDU-SW | BAIDF | 19,165,484 | $258.39M | 4.28% |
| 9 | JD HEALTH INTERN | — | 40,375,537 | $242.35M | 4.01% |
| 10 | FULL TRUCK ALLIANCE CO LTD ADR | — | 26,132,205 | $216.90M | 3.59% |
| 11 | TRIP.COM GROUP L | — | 4,431,100 | $215.22M | 3.56% |
| 12 | KUAISHOU-W | — | 34,923,200 | $200.98M | 3.33% |
| 13 | TAL EDUCATION GROUP- ADR DEPOSITARY RECEIPT | TAL US | 17,185,080 | $195.39M | 3.24% |
| 14 | BILIBILI INC-Z | — | 8,798,244 | $191.56M | 3.17% |
| 15 | KANZHUN LTD CL A ADR | BZ US | 12,881,426 | $172.48M | 2.86% |
| 16 | Invesco Government & Agency Portfolio, Institutional Class | — | 164,050,747 | $164.05M | 2.72% |
| 17 | VISHOP HOLDINGS LTD ADR | VIPS US | 10,364,520 | $162.93M | 2.70% |
| 18 | Tencent Music Entertainment Group SPON ADS EA REP 2 ORD SHS | TME US | 16,272,325 | $151.01M | 2.50% |
| 19 | ALIBABA HEALTH | — | 226,968,000 | $134.90M | 2.23% |
| 20 | TONGCHENG TRAVEL | — | 49,969,000 | $114.72M | 1.90% |
| 21 | KINGSOFT CORP | — | 38,391,600 | $110.08M | 1.82% |
| 22 | XD INC | — | 10,483,000 | $80.83M | 1.34% |
| 23 | KOOLEARN TECHNOL | — | 19,472,500 | $67.46M | 1.12% |
| 24 | ZHONGAN ONLINE-H | — | 41,035,500 | $66.73M | 1.11% |
| 25 | NETEASE CLOUD MU | — | 3,882,300 | $63.88M | 1.06% |
| 26 | JOYY INC SPONSORED ADR | JOYY | 1,071,816 | $62.58M | 1.04% |
| 27 | QIFU TECHNOLOGY INC | QFIN US | 4,606,075 | $59.46M | 0.98% |
| 28 | CHINA LITERATURE LTD COMMON STOCK | 772 | 18,202,600 | $59.02M | 0.98% |
| 29 | PING AN HEALTHCA | — | 39,886,000 | $58.61M | 0.97% |
| 30 | COMMON STOCK | ATHM US | 2,513,026 | $43.65M | 0.72% |
| 31 | DAMAI ENTERTAINM | — | 413,600,000 | $33.23M | 0.55% |
| 32 | WEIBO CORP-SPON ADR DEPOSITARY RECEIPT | WB | 3,477,390 | $30.43M | 0.50% |
| 33 | UNITED STATES DOLLAR | N/A | 1 | $3.85K | 0.00% |
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