Institution

Gf Fund Management Co. Ltd.

13F for the quarter to June 30, 2026, filed August 7, 2026 · SEC CIK 2057060

Reported value: $8.3bn
Positions we cover: 566
Copy, a year: +16.0%
Copy Sharpe ratio: 0.59

How copying its 13F would have done

CopyS&P 500 $10,000 copying Gf Fund Management Co. Ltd.'s filed holdings in companies we cover from February 21, 2025, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −19.4% (S&P 500 −15.5%); beta 1.28; alpha −2.0% a year (t = −0.25); last 12 months +10.1% against +12.1%.

Reported value by quarter

Gf Fund Management Co. Ltd.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2024-12-31	$4.6B
2025-03-31	$4.3B
2025-06-30	$5B
2025-09-30	$5.5B
2025-12-31	$5.9B
2026-03-31	$6B
2026-06-30	$8.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
SNDKSandisk	8.88%	$740.5m	325.7K	−1.0% Reduced
MUMicron Technology	6.20%	$517.2m	448.1K	−0.3%
NVDANVIDIA Corporation	5.61%	$467.6m	2.34M	−1.0% Reduced
AAPLApple Inc.	4.94%	$412.0m	1.42M	−2.2% Reduced
AMDAdvanced Micro Devices	4.32%	$359.7m	619.2K	+87.6% Added
LRCXLam Research	3.58%	$298.3m	688.4K	+4.3% Added
AMZNAmazon	3.55%	$295.8m	1.24M	+0.6% Added
AMATApplied Materials	3.25%	$270.6m	374.3K	+58.2% Added
AVGOBroadcom	2.84%	$236.4m	625.8K	+8.4% Added
ASMLAsml Holding NV	2.55%	$212.9m	107.0K	+3.2% Added
MSFTMicrosoft Corporation	2.43%	$202.8m	543.7K	−16.2% Reduced
INIOInnio N.V.	2.36%	$196.6m	4.97M	New
TERTeradyne	2.11%	$175.6m	362.9K	+20.2% Added
TSLATesla, Inc.	1.89%	$157.7m	374.9K	−25.2% Reduced
GOOGLAlphabet Inc. (Class A)	1.84%	$153.8m	430.5K	+0.3%
INTCIntel	1.80%	$149.9m	1.07M	−11.2% Reduced
METAMeta Platforms	1.56%	$129.9m	230.6K	−11.5% Reduced
FORMFormfactor Inc	1.49%	$124.1m	776.0K	+6366.7% Added
STXSeagate Technology	1.41%	$117.3m	121.6K	+177.8% Added
WMTWalmart	1.34%	$112.0m	989.2K	−15.4% Reduced
CSCOCisco	1.12%	$93.5m	796.0K	−1.7% Reduced
ONTOOnto Innovation Inc.	1.03%	$86.3m	228.0K	New
COSTCostco	1.00%	$83.8m	89.6K	−1.9% Reduced
KLACKLA Corporation	0.97%	$81.3m	269.5K	+900.8% Added
PDDPDD Holdings Inc.	0.83%	$69.3m	907.9K	+9.3% Added
CBRSCerebras Systems Inc.	0.79%	$65.8m	297.9K	New
PANWPalo Alto Networks	0.74%	$61.9m	181.6K	+13.8% Added
NFLXNetflix	0.73%	$60.7m	850.4K	−0.5% Reduced
TSEMTower Semiconductor LTD	0.71%	$58.9m	225.9K	−80.3% Reduced
MRVLMarvell Technology	0.67%	$56.0m	187.9K	+6.4% Added
TXNTexas Instruments	0.66%	$54.8m	183.8K	−1.5% Reduced
PLTRPalantir Technologies Inc.	0.65%	$54.1m	464.1K	−0.4%
WDCWestern Digital	0.64%	$53.7m	84.1K	+20.0% Added
LINLinde plc	0.58%	$48.8m	94.0K	−0.6% Reduced
QCOMQualcomm	0.56%	$47.0m	254.3K	+15.9% Added
AMGNAmgen	0.56%	$46.9m	129.4K	−2.0% Reduced
CRWDCrowdStrike	0.52%	$43.4m	56.9K	0.0%
ARMARM Holdings PLC	0.51%	$42.5m	119.9K	+323.0% Added
ADIAnalog Devices	0.47%	$39.1m	98.4K	−2.0% Reduced
GILDGilead Sciences	0.46%	$37.9m	300.1K	−2.6% Reduced
PEPPepsiCo	0.45%	$37.4m	276.0K	−1.5% Reduced
BKNGBooking Holdings	0.45%	$37.3m	209.3K	+2353.8% Added
TMUST-Mobile US	0.44%	$36.7m	218.6K	−2.1% Reduced
NBISNebius Group N.V.	0.44%	$36.3m	131.6K	+90.3% Added
ROSTRoss Stores	0.42%	$34.9m	163.9K	+0.4%
LITELumentum	0.39%	$32.6m	37.9K	−86.6% Reduced
ISRGIntuitive Surgical	0.39%	$32.4m	81.4K	−1.2% Reduced
APPApplovin Corp	0.38%	$31.8m	61.7K	−24.3% Reduced
VRTXVertex Pharmaceuticals	0.37%	$31.1m	62.7K	−3.0% Reduced
SHOPShopify Inc.	0.34%	$28.1m	246.3K	−1.7% Reduced
LLYLilly (Eli)	0.32%	$26.9m	22.5K	−3.4% Reduced
HOODRobinhood Markets	0.28%	$23.6m	234.9K	+21.6% Added
SBUXStarbucks	0.28%	$23.5m	230.2K	−1.2% Reduced
VICRVicor Corp	0.28%	$23.2m	61.0K	−47.1% Reduced
FTNTFortinet	0.27%	$22.7m	148.0K	−2.9% Reduced
CDNSCadence Design Systems Inc	0.25%	$20.9m	55.7K	−0.1%
COPConocoPhillips	0.25%	$20.9m	200.8K	−40.1% Reduced
SMTCSemtech Corp	0.25%	$20.6m	127.0K	New
MARMarriott International	0.24%	$19.7m	53.3K	−3.2% Reduced
MNSTMonster Beverage	0.23%	$19.0m	197.5K	−1.4% Reduced
CEGConstellation Energy	0.22%	$18.1m	72.9K	−8.3% Reduced
ADPAutomatic Data Processing	0.22%	$18.1m	80.7K	−2.6% Reduced
CSXCSX Corporation	0.21%	$17.8m	375.3K	−1.7% Reduced
CMCSAComcast	0.21%	$17.7m	719.5K	−3.4% Reduced
DDOGDatadog, Inc.	0.21%	$17.4m	66.8K	+0.2%
MELIMercadolibre Inc	0.21%	$17.4m	10.2K	−14.1% Reduced
SNPSSynopsys Inc	0.21%	$17.2m	38.7K	−21.4% Reduced
ADBEAdobe Inc.	0.20%	$16.8m	81.8K	−11.7% Reduced
ALABAstera Labs, Inc.	0.20%	$16.7m	34.6K	New
JNJJohnson & Johnson	0.20%	$16.7m	65.7K	+7.2% Added
REGNRegeneron Pharmaceuticals	0.19%	$16.1m	25.8K	−8.7% Reduced
ORLYO'Reilly Automotive	0.18%	$15.4m	167.4K	−3.2% Reduced
DASHDoorDash	0.18%	$15.3m	83.1K	−0.2%
FANGDiamondback Energy	0.18%	$15.2m	86.3K	−19.7% Reduced
AEPAmerican Electric Power	0.18%	$15.0m	109.9K	−2.1% Reduced
MDLZMondelez International	0.18%	$15.0m	259.2K	−2.0% Reduced
INTUIntuit	0.17%	$14.5m	55.6K	−3.1% Reduced
NXPINXP Semiconductors	0.17%	$14.3m	51.0K	−1.1% Reduced
HONHoneywell Technologies	0.17%	$14.3m	64.0K	New
AEISAdvanced Energy Industries Inc	0.17%	$14.2m	38.0K	New
HONAHoneywell Aerospace	0.17%	$14.1m	64.0K	New
CTASCintas	0.17%	$13.7m	80.8K	−1.9% Reduced
MPWRMonolithic Power Systems, Inc.	0.17%	$13.7m	9.9K	+1.1% Added
KLICKulicke & Soffa Industries Inc	0.16%	$13.0m	97.5K	New
SPCXSpace Exploration Technologies Corp	0.16%	$13.0m	76.0K	New
PCARPaccar	0.15%	$12.8m	106.3K	−1.3% Reduced
VLOValero Energy	0.15%	$12.7m	49.0K	+14.0% Added
MPCMarathon Petroleum	0.15%	$12.3m	48.1K	−25.9% Reduced
RKLBRocket Lab Corp	0.15%	$12.3m	120.5K	−7.0% Reduced
ABBVAbbVie	0.15%	$12.1m	48.3K	+1.1% Added
ABNBAirbnb	0.14%	$12.1m	84.4K	−3.2% Reduced
CRWVCoreweave, Inc.	0.14%	$11.9m	119.5K	+215.2% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.14%	$11.7m	24.6K	−38.4% Reduced
CIENCiena	0.14%	$11.3m	23.0K	−78.7% Reduced
FASTFastenal	0.13%	$11.1m	231.8K	−1.5% Reduced
BKRBaker Hughes	0.13%	$11.1m	200.3K	−0.9% Reduced
MCHPMicrochip Technology Inc	0.13%	$10.4m	113.9K	−1.1% Reduced
UNHUnitedHealth Group	0.12%	$10.2m	24.6K	+1.1% Added
XELXcel Energy	0.12%	$10.1m	126.1K	+4.0% Added
FERFerrovial N.V.	0.12%	$10.0m	145.3K	−3.4% Reduced
EXCExelon	0.12%	$9.6m	206.6K	−0.2%
IDXXIdexx Laboratories	0.11%	$9.5m	18.1K	−2.2% Reduced
TTWOTake TWO Interactive Software Inc	0.11%	$9.4m	37.5K	−1.0% Reduced
AXONAxon Enterprise	0.11%	$9.1m	16.3K	+0.7% Added
ODFLOld Dominion	0.11%	$9.1m	42.0K	−2.0% Reduced
CCEPCoca-cola Europacific Partners plc	0.11%	$9.0m	90.0K	−4.1% Reduced
KDPKeurig Dr Pepper	0.11%	$9.0m	274.8K	−1.3% Reduced
ALNYAlnylam Pharmaceuticals, Inc.	0.11%	$9.0m	29.8K	−0.9% Reduced
MRKMerck & Co.	0.11%	$8.8m	68.7K	−0.5% Reduced
UBERUber	0.10%	$8.7m	121.0K	+15.8% Added
ADSKAutodesk, Inc.	0.10%	$8.3m	42.6K	−1.9% Reduced
BIDUBaidu, Inc.	0.10%	$8.1m	71.0K	New
YMMFull Truck Alliance Co. Ltd.	0.10%	$7.9m	978.3K	+13.2% Added
EOGEOG Resources	0.10%	$7.9m	61.2K	−58.2% Reduced
PYPLPayPal	0.09%	$7.7m	178.1K	−7.1% Reduced
PAYXPaychex	0.09%	$7.1m	72.4K	−1.9% Reduced
ROPRoper Technologies	0.08%	$6.9m	20.4K	−7.6% Reduced
GEHCGE HealthCare	0.08%	$6.7m	104.2K	−1.3% Reduced
TRIThomson Reuters Corp	0.07%	$6.3m	77.0K	New
DXCMDexcom	0.07%	$6.0m	88.6K	−2.1% Reduced
EQTEQT Corporation	0.07%	$5.9m	110.2K	−17.1% Reduced
MSTRStrategy Inc	0.07%	$5.8m	66.8K	+21.8% Added
TPLTexas Pacific Land Corporation	0.07%	$5.8m	13.2K	−30.9% Reduced
KHCKraft Heinz	0.07%	$5.7m	239.5K	−1.3% Reduced
DVNDevon Energy	0.07%	$5.5m	132.5K	−34.2% Reduced
PSXPhillips 66	0.07%	$5.4m	31.9K	−70.6% Reduced
CPRTCopart	0.06%	$5.3m	187.0K	−5.8% Reduced
TMOThermo Fisher Scientific	0.06%	$5.1m	10.2K	+1.1% Added
WDAYWorkday, Inc.	0.06%	$5.0m	40.6K	−7.0% Reduced
EXEExpand Energy	0.06%	$5.0m	54.4K	−16.6% Reduced
BZKanzhun Ltd	0.06%	$4.6m	359.6K	+7.9% Added
TMETencent Music Entertainment Group	0.06%	$4.5m	544.4K	+5.4% Added
ABTAbbott Laboratories	0.05%	$4.3m	47.6K	+1.1% Added
CVSCVS Health	0.05%	$4.1m	39.5K	+0.9% Added
TALTAL Education Group	0.05%	$4.1m	423.7K	+5.3% Added
VVisa Inc.	0.04%	$3.8m	11.0K	+1.8% Added
PFEPfizer	0.04%	$3.8m	156.8K	+1.1% Added
VIPSVipshop Holdings Ltd	0.04%	$3.4m	259.7K	+5.2% Added
SPGIS&P Global	0.04%	$3.3m	8.2K	New
DHRDanaher Corporation	0.04%	$3.3m	17.5K	+1.1% Added
OVVOvintiv Inc.	0.04%	$3.3m	62.7K	−26.8% Reduced
PRPermian Resources Corp	0.04%	$3.3m	179.1K	−23.6% Reduced
BMYBristol Myers Squibb	0.04%	$3.2m	56.1K	+1.1% Added
SYKStryker Corporation	0.04%	$3.0m	9.4K	+1.1% Added
MDTMedtronic	0.03%	$2.7m	35.1K	+1.1% Added
APAAPA Corporation	0.03%	$2.6m	80.4K	−32.5% Reduced
MCKMcKesson	0.03%	$2.6m	3.4K	−0.6% Reduced
DINOHF Sinclair Corp	0.03%	$2.4m	34.9K	−33.1% Reduced
BEBloom Energy	0.03%	$2.4m	8.0K	−46.5% Reduced
DUKDuke Energy	0.03%	$2.4m	19.0K	New

Company	Bought (value)	Shares
INIOInnio N.V.	$196.6m	4.97M
AMDAdvanced Micro Devices	$167.9m	289.0K
FORMFormfactor Inc	$122.2m	764.0K
AMATApplied Materials	$99.6m	137.7K
ONTOOnto Innovation Inc.	$86.3m	228.0K
STXSeagate Technology	$75.1m	77.8K
KLACKLA Corporation	$73.2m	242.6K
CBRSCerebras Systems Inc.	$65.8m	297.9K
BKNGBooking Holdings	$35.8m	200.8K
ARMARM Holdings PLC	$32.5m	91.6K
TERTeradyne	$29.5m	61.1K
SMTCSemtech Corp	$20.6m	127.0K
AVGOBroadcom	$18.3m	48.6K
NBISNebius Group N.V.	$17.2m	62.5K
ALABAstera Labs, Inc.	$16.7m	34.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
TSEMTower Semiconductor LTD	−$239.4m	−918.5K
LITELumentum	−$210.9m	−245.8K
TSLATesla, Inc.	−$53.0m	−126.0K
CIENCiena	−$41.7m	−85.0K
MSFTMicrosoft Corporation	−$39.3m	−105.4K
PMPhilip Morris International	−$24.6m	−135.8K
COHRCoherent Corp.	−$23.3m	−98.0K
VICRVicor Corp	−$20.6m	−54.3K
WMTWalmart	−$20.4m	−180.2K
INTCIntel	−$19.0m	−135.9K
METAMeta Platforms	−$16.9m	−30.1K
COPConocoPhillips	−$14.0m	−134.3K
PSXPhillips 66	−$12.9m	−76.5K
EOGEOG Resources	−$11.0m	−85.1K
APPApplovin Corp	−$10.2m	−19.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
COHRCoherent Corp.	$23.3m	98.0K
CTSHCognizant	$6.1m	98.9K
CHTRCharter Communications	$5.7m	26.5K
VRSKVerisk Analytics, Inc.	$5.4m	28.6K
ZSZscaler, Inc.	$4.6m	32.7K
CSGPCoStar Group	$3.5m	86.9K
NAVNNavan, Inc.	$3.0m	229.0K
TEAMAtlassian Corp	$2.4m	34.4K
NOWServiceNow	$2.1m	20.5K
AMKRAmkor Technology, Inc.	$2.0m	43.7K
VSTVistra Corp.	$2.0m	13.0K
CELHCelsius Holdings, Inc.	$1.9m	54.4K
SPOTSpotify Technology S.a.	$1.1m	2.3K
RACEFerrari N.V.	$979,813	2.9K
TDGTransDigm Group	$724,350	625
CFCF Industries	$460,542	3.5K
KOThe Coca-Cola Company	$335,988	4.4K
DOWDow Inc.	$314,999	7.6K
HIMSHims & Hers Health, Inc.	$297,761	14.3K
MOHMolina Healthcare, Inc.	$287,795	2.2K
CVXChevron Corporation	$284,281	1.4K
RSGRepublic Services	$223,401	1.0K
WYNNWynn Resorts	$141,053	1.4K
TCOMTrip.com Group Ltd	$124,475	2.5K
RLRalph Lauren Corporation	$113,517	330
KKRKKR & Co.	$112,666	1.2K
ERICEricsson LM Telephone Co	$103,650	9.2K
SSDSimpson Manufacturing Co., Inc.	$94,391	550
TREXTrex Co Inc	$91,050	2.5K
LPXLouisiana-pacific Corp	$87,300	1.2K

Technology69.0%
Consumer Discretionary8.6%
Communication Services5.3%
Industrials5.3%
Health Care4.3%
Consumer Staples3.6%
Energy1.8%
Utilities0.7%
Materials0.6%
Financials0.5%
Real Estate0.2%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 21, 2025 to November 2, 2026	+16.0%	+16.0%	0.59	0.78	−19.4%	1.28
Last yearNovember 7, 2025 to November 2, 2026	+13.6%	+14.2%	0.51	0.84	−15.6%	1.49

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.