GF FUND MANAGEMENT CO. LTD. — 13F Holdings & Portfolio
CIK 2057060 · latest 13F-HR filed 2026-10-26
GF FUND MANAGEMENT CO. LTD. manages $7.72B in 13F-reported U.S. long-equity assets across 618 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (6.91%), AAPL (6.13%), AMD (5.10%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 55 new positions and exited 26; 207 existing positions rose in reported value and 252 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Loading holdings…
AUM
$7.72B
Long-equity book
Holdings
618
Distinct positions
Period
2026-09-30
Filed 2026-10-26
Q/Q Activity
+55 / −26 / ↑207 / ↓252
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26NVDA6.9% · -0%AAPL6.1% · -0%AMD5.1% · +4%MSFT5.0% · +40%AMZN4.5% · +13%MU4.5% · -27%GOOG3.6% · +0%META3.2% · +46%MRVL3.1% · +383%INTC2.7% · +60%LRCX2.7% · -9%AMAT2.5% · +0%ASML2.3% · -8%AVGO2.2% · -22%GOOGL2.0% · +5%SNDK1.8% · -76%TSLA1.8% · +4%SPCX1.8% · +1086%TER1.4% · -25%WMT1.3% · -2%PLTR1.1% · -1%CSCO1.1% · -1%COST1.0% · -2%STX1.0% · -28%PDD1.0% · +4%PANW0.9% · -0%NBIS0.9% · +129%FORM0.9% · -39%ARM0.8% · +78%CRWD0.8% · +303%NFLX0.7% · -2%ONTO0.7% · -20%AMGN0.7% · -0%TXN0.7% · -1%KLAC0.7% · -3%LLY0.6% · +80%QCOM0.6% · -1%GILD0.6% · -0%LIN0.6% · -2%HOOD0.5% · +59%KO0.5% · newADI0.5% · -2%SHOP0.5% · -2%FTNT0.5% · +33%TMUS0.5% · -2%PEP0.4% · -2%LITE0.4% · -10%BKNG0.4% · -3%VRTX0.4% · +0%WDC0.4% · -14%ISRG0.4% · -1%ROST0.4% · -20%TSEM0.3% · -48%SBUX0.3% · -2%MKSI0.3% · newADP0.3% · -2%ADBE0.2% · -3%REGN0.2% · -3%MAR0.2% · -3%DDOG0.2% · +0%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 44.7%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 31, 2026.
Assets Under Management
$2.39B
Discretionary
$1.44B
Employees
35
Accounts
43
Address
81 LOCKHART ROAD, WAN CHAI, HONG KONG
25/F, GF TOWER, 81 LOCKHART ROAD
HONG KONG
China
25/F, GF TOWER, 81 LOCKHART ROAD
HONG KONG
China
Phone
852 3695 2808
Website
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GF FUND MANAGEMENT COMPANY LIMITED Control | SHAREHOLDER since Dec 2010 | 75% or more | Foreign Entity |
| HE, KAI Control | CHIEF EXECUTIVE OFFICER since Sep 2025 | Less than 5% | Individual |
| SHANGGUAN, PENG Control | GENERAL MANAGER since Sep 2025 | Less than 5% | Individual |
| WANG, HAITAO Control | DIRECTOR since Nov 2023 | Less than 5% | Individual |
| Wang, Fan Control | DIRECTOR since Mar 2021 | Less than 5% | Individual |
| Liao, Pei Tsen | CHEIF COMPLIANCE OFFICER since Sep 2016 | Less than 5% | Individual |
| WANG, Yimei | CHIEF OPERATING OFFICER since Jan 2018 | Less than 5% | Individual |
| GF SECURITIES COMPANY LIMITED Control Indirect owner via GF FUND MANAGEMENT COMPANY LIMITED | SHARHOLDER since Aug 2003 | 50–75% | Foreign Entity |
Ownership & leadership changes · 8 filings with changes since Apr 21, 2014
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 31, 2026 filing
- AddedHE, KAI · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedSHANGGUAN, PENG · title CHIEF EXECUTIVE OFFICER → GENERAL MANAGER
Mar 18, 2024 filing
- No longer listedZHANG, JINGHAN · DIRECTOR · Less than 5% · control person · listed since Jan 2015
- AddedWANG, HAITAO · DIRECTOR · Less than 5% · control person
- ChangedLiao, Pei Tsen · no longer a control person
- ChangedSHANGGUAN, PENG · now a control person
Mar 21, 2022 filing
- No longer listedYI, YANGFANG · DIRECTOR · Less than 5% · control person · listed since Dec 2010
- AddedWang, Fan · DIRECTOR · Less than 5% · control person
Mar 17, 2021 filing
- No longer listedJIN, YA · DIRECTOR · Less than 5% · listed since Aug 2018
- No longer listedLIN, CHUANHUI · DIRECTOR · Less than 5% · control person · listed since Dec 2010
- No longer listedSUN, MIN · DIRECTOR · Less than 5% · control person · listed since Mar 2017
Mar 28, 2019 filing
- No longer listedLEUNG, WING LUNG · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Nov 2016
- No longer listedWU, Jianfei · DIRECTOR · Less than 5% · control person · listed since Oct 2017
- AddedJIN, YA · DIRECTOR · Less than 5%
- AddedWANG, Yimei · CHIEF OPERATING OFFICER · Less than 5%
Mar 6, 2018 filing
- No longer listedDING, Tom, Liang · CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Jan 2016
- No longer listedLI, CHUN BONG · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jan 2015
- No longer listedYANG, XUE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2013
- No longer listedYU, LIPING · DIRECTOR · Less than 5% · control person · listed since Dec 2010
- AddedLEUNG, WING LUNG · CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedLiao, Pei Tsen · CHEIF COMPLIANCE OFFICER · Less than 5% · control person
- AddedSHANGGUAN, PENG · CHIEF EXECUTIVE OFFICER · Less than 5%
- AddedSUN, MIN · DIRECTOR · Less than 5% · control person
- AddedWU, Jianfei · DIRECTOR · Less than 5% · control person
Jan 19, 2016 filing
- No longer listedLIN, YONGSEN · DIRECTOR, CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Oct 2013
- AddedDING, Tom, Liang · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
Mar 27, 2015 filing
- No longer listedLAM, DIN KAN · DIRECTOR · Less than 5% · control person · listed since Dec 2010
- AddedLI, CHUN BONG · CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedZHANG, JINGHAN · DIRECTOR · Less than 5% · control person
- ChangedGF SECURITIES COMPANY LIMITED · indirect via GF FUND MANAGEMENT COMPANY LIMITED: ownership 25–50% → 50–75%
- ChangedLIN, YONGSEN · title DIRECTOR → DIRECTOR, CHIEF EXECUTIVE OFFICER
- ChangedYANG, XUE · title COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER
Apr 21, 2014 filing (earliest on record)
- ListedGF FUND MANAGEMENT COMPANY LIMITED · SHAREHOLDER · 75% or more · control person
- ListedGF SECURITIES COMPANY LIMITED · SHARHOLDER · 25–50% · indirect via GF FUND MANAGEMENT COMPANY LIMITED · control person
- ListedLAM, DIN KAN · DIRECTOR · Less than 5% · control person
- ListedLIN, CHUANHUI · DIRECTOR · Less than 5% · control person
- ListedLIN, YONGSEN · DIRECTOR · Less than 5% · control person
- ListedYANG, XUE · COMPLIANCE OFFICER · Less than 5%
- ListedYI, YANGFANG · DIRECTOR · Less than 5% · control person
- ListedYU, LIPING · DIRECTOR · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- Microsoft Corp$186.6M +92.0%
- Marvell Technology Inc$184.0M +328.7%
- SPACEX$123.0M +947.0%
- Meta Platforms Inc$114.4M +88.1%
- NVIDIA Corp$65.8M +14.1%
Top Trims
- Sandisk Corp-$601.8M -81.3%
- Innio NV-$188.8M -96.0%
- Micron Technology Inc-$170.4M -33.0%
- Lam Research Corp-$93.3M -31.3%
- Applied Materials Inc-$79.1M -29.2%
New Positions
- Coca-Cola Co/The$40.5M
- MKS Inc$20.7M
- Coherent Corp$10.8M
- SK hynix Inc$3.5M
- JPMorgan Chase & Co$2.2M
Exited Positions
- Semtech Corp$20.6M
- Ciena Corp$11.3M
- Electronic Arts Inc$10.4M
- Kraft Heinz Co/The$5.7M
- Duke Energy Corp$2.4M
GF FUND MANAGEMENT CO. LTD. Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA Corp | NVDA | 67066G104 | $533.3M | 6.91% | 2,335,321 | SH |
| 2 | Apple Inc | AAPL | 037833100 | $473.3M | 6.13% | 1,421,336 | SH |
| 3 | Advanced Micro Devices Inc | AMD | 007903107 | $393.6M | 5.10% | 643,398 | SH |
| 4 | Microsoft Corp | MSFT | 594918104 | $389.4M | 5.04% | 759,254 | SH |
| 5 | Amazon.com Inc | AMZN | 023135106 | $349.5M | 4.53% | 1,402,691 | SH |
| 6 | Micron Technology Inc | MU | 595112103 | $346.8M | 4.49% | 325,584 | SH |
| 7 | Alphabet Inc | GOOG | 02079K107 | $275.1M | 3.56% | 807,247 | SH |
| 8 | Meta Platforms Inc | META | 30303M102 | $244.3M | 3.16% | 336,881 | SH |
| 9 | Marvell Technology Inc | MRVL | 573874104 | $240.0M | 3.11% | 908,380 | SH |
| 10 | Intel Corp | INTC | 458140100 | $206.2M | 2.67% | 1,715,319 | SH |
| 11 | Lam Research Corp | LRCX | 512807306 | $205.0M | 2.66% | 624,028 | SH |
| 12 | Applied Materials Inc | AMAT | 038222105 | $191.5M | 2.48% | 374,542 | SH |
| 13 | ASML Holding NV | ASML | N07059210 | $177.8M | 2.30% | 98,132 | SH |
| 14 | Broadcom Inc | AVGO | 11135F101 | $172.2M | 2.23% | 490,462 | SH |
| 15 | Alphabet Inc | GOOGL | 02079K305 | $155.2M | 2.01% | 451,041 | SH |
| 16 | Tesla Inc | TSLA | 88160R101 | $138.5M | 1.79% | 390,362 | SH |
| 17 | Sandisk Corp | SNDK | 80004C200 | $136.1M | 1.76% | 78,243 | SH |
| 18 | SPACEX | SPCX | 84615Q103 | $136.0M | 1.76% | 901,279 | SH |
| 19 | Teradyne Inc | TER | 880770102 | $109.5M | 1.42% | 273,090 | SH |
| 20 | Walmart Inc | WMT | 931142103 | $100.6M | 1.30% | 967,758 | SH |
| 21 | Palantir Technologies Inc | PLTR | 69608A108 | $85.9M | 1.11% | 459,228 | SH |
| 22 | Cisco Systems Inc | CSCO | 17275R102 | $84.7M | 1.10% | 786,724 | SH |
| 23 | Costco Wholesale Corp | COST | 22160K105 | $80.3M | 1.04% | 88,181 | SH |
| 24 | Seagate Technology Holdings PL | STX | G7997R103 | $80.2M | 1.04% | 87,004 | SH |
| 25 | PDD Holdings Inc | PDD | 722304102 | $73.7M | 0.96% | 945,919 | SH |
| 26 | Palo Alto Networks Inc | PANW | 697435105 | $72.1M | 0.93% | 181,505 | SH |
| 27 | Nebius Group NV | NBIS | N97284108 | $71.1M | 0.92% | 301,475 | SH |
| 28 | FormFactor Inc | FORM | 346375108 | $71.1M | 0.92% | 475,964 | SH |
| 29 | ARM Holdings PLC | ARM | 042068205 | $62.0M | 0.80% | 213,897 | SH |
| 30 | Crowdstrike Holdings Inc | CRWD | 22788C105 | $60.8M | 0.79% | 229,638 | SH |
| 31 | Netflix Inc | NFLX | 64110L106 | $57.8M | 0.75% | 831,339 | SH |
| 32 | Onto Innovation Inc | ONTO | 683344105 | $56.3M | 0.73% | 183,000 | SH |
| 33 | Amgen Inc | AMGN | 031162100 | $54.3M | 0.70% | 128,818 | SH |
| 34 | Texas Instruments Inc | TXN | 882508104 | $51.1M | 0.66% | 182,324 | SH |
| 35 | KLA Corp | KLAC | 482480100 | $50.9M | 0.66% | 260,899 | SH |
| 36 | Eli Lilly & Co | LLY | 532457108 | $46.9M | 0.61% | 40,491 | SH |
| 37 | QUALCOMM Inc | QCOM | 747525103 | $46.5M | 0.60% | 252,755 | SH |
| 38 | Gilead Sciences Inc | GILD | 375558103 | $44.6M | 0.58% | 298,908 | SH |
| 39 | Linde PLC | LIN | G54950103 | $43.8M | 0.57% | 92,291 | SH |
| 40 | Robinhood Markets Inc | HOOD | 770700102 | $42.0M | 0.54% | 373,334 | SH |
| 41 | Coca-Cola Co/The | KO | 191216100 | $40.5M | 0.52% | 470,125 | SH |
| 42 | Analog Devices Inc | ADI | 032654105 | $38.4M | 0.50% | 96,722 | SH |
| 43 | Shopify Inc | SHOP | 82509L107 | $35.6M | 0.46% | 240,274 | SH |
| 44 | Fortinet Inc | FTNT | 34959E109 | $35.1M | 0.45% | 196,264 | SH |
| 45 | T-Mobile US Inc | TMUS | 872590104 | $34.8M | 0.45% | 213,275 | SH |
| 46 | PepsiCo Inc | PEP | 713448108 | $34.4M | 0.45% | 271,358 | SH |
| 47 | Lumentum Holdings Inc | LITE | 55024U109 | $33.3M | 0.43% | 34,313 | SH |
| 48 | Booking Holdings Inc | BKNG | 09857L108 | $32.9M | 0.43% | 202,249 | SH |
| 49 | Vertex Pharmaceuticals Inc | VRTX | 92532F100 | $32.8M | 0.42% | 62,738 | SH |
| 50 | Western Digital Corp | WDC | 958102105 | $32.7M | 0.42% | 72,039 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-26 | $7.72B | 618 | 0002057060-26-000008 |
| 2026-06-30 | 2026-08-07 | $8.34B | 589 | 0002057060-26-000006 |
| 2026-03-31 | 2026-04-15 | $5.98B | 624 | 0002057060-26-000003 |
| 2025-12-31 | 2026-01-27 | $5.85B | 643 | 0002057060-26-000001 |
Filer Information
Address
NO. 168 PAZHOU AVENUE, HAIZHU DISTRICT28/F, STAR RIVER HEADQUARTERS
GUANGZHOU 510335
Phone
8620-83936666
Filing Manager
GF FUND MANAGEMENT CO. LTD.
GUANGZHOU, F4
Signatory
Jun Xiang
Chief Compliance Officer