Franchise GP Ltd — 13F Holdings & Portfolio
CIK 2083646 · latest 13F-HR filed 2026-10-16
Franchise GP Ltd manages $235.6M in 13F-reported U.S. long-equity assets across 42 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are PDD (11.48%), TMV (10.17%), PBR (7.49%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 9 new positions and exited 6; 12 existing positions rose in reported value and 19 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.
Long-equity book
Distinct positions
Filed 2026-10-16
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box 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 = 73.8%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated May 4, 2026.
SMART-SPACE FINTECH, CYBERPORT 3, 100 CYBERPORT RD
HONG KONG, HONG KONG
Hong Kong
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GAO, Xing xing Control | PARTNER since Sep 2021 | Less than 5% | Individual |
| WANG, SHIHONG Control | SHAREHOLDER & FOUNDER & CHIEF INVESTMENT OFFICER since Feb 2019 | 75% or more | Individual |
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)
- LUMENTUM HLDGS INC$9.5M +241.5%
- ISHARES BITCOIN TRUST ETF$2.6M +31.6%
- TERADYNE INC$1.9M +76.7%
- LAM RESEARCH CORP$864.7K +13.6%
- EQUINIX INC$179.6K +215.4%
Top Trims
- PDD HOLDINGS INC-$10.9M -28.8%
- TAIWAN SEMICONDUCTOR MANUFAC-$6.2M -29.6%
- ADVANCED MICRO DEVICES INC-$5.2M -23.8%
- BROADCOM INC-$5.1M -38.9%
- SANDISK CORP-$3.9M -23.0%
New Positions
- DIREXION SHARES ETF TRUST$24.0M
- PETROLEO BRASILEIRO S A$17.7M
- UNITED STS OIL FD LP$6.0M
- PALANTIR TECHNOLOGIES INC$5.7M
- FUTU HLDGS LTD$4.0M
Exited Positions
- NEBIUS GROUP N.V.$7.0M
- DELL TECHNOLOGIES INC$2.1M
- LATTICE SEMICONDUCTOR CORP$2.0M
- ANALOG DEVICES INC$1.8M
- SNOWFLAKE INC$796.6K
Franchise GP 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 | PDD HOLDINGS INC | PDD | 722304102 | $27.0M | 11.48% | 346,930 | SH |
| 2 | DIREXION SHARES ETF TRUST | TMV | 25460G849 | $24.0M | 10.17% | 480,140 | SH |
| 3 | PETROLEO BRASILEIRO S A | PBR | 71654V408 | $17.7M | 7.49% | 929,940 | SH |
| 4 | NVIDIA CORPORATION | NVDA | 67066G104 | $17.1M | 7.24% | 74,680 | SH |
| 5 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $16.5M | 7.02% | 27,040 | SH |
| 6 | MICRON TECHNOLOGY INC | MU | 595112103 | $15.1M | 6.42% | 14,200 | SH |
| 7 | YUANBAO INC | YB | 987910106 | $15.1M | 6.41% | 1,214,593 | SH |
| 8 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $14.8M | 6.28% | 32,460 | SH |
| 9 | LUMENTUM HLDGS INC | LITE | 55024U109 | $13.5M | 5.72% | 13,880 | SH |
| 10 | SANDISK CORP | SNDK | 80004C200 | $13.2M | 5.59% | 7,570 | SH |
| 11 | ISHARES BITCOIN TRUST ETF | IBIT | 46438F101 | $11.0M | 4.65% | 231,433 | SH |
| 12 | BROADCOM INC | AVGO | 11135F101 | $8.1M | 3.43% | 23,000 | SH |
| 13 | LAM RESEARCH CORP | LRCX | 512807306 | $7.2M | 3.06% | 21,970 | SH |
| 14 | UNITED STS OIL FD LP | USO | 91232N207 | $6.0M | 2.53% | 40,870 | SH |
| 15 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $5.7M | 2.40% | 30,207 | SH |
| 16 | TERADYNE INC | TER | 880770102 | $4.3M | 1.81% | 10,660 | SH |
| 17 | SEAGATE TECHNOLOGY HLDNGS PL | STX | G7997R103 | $4.2M | 1.78% | 4,560 | SH |
| 18 | FUTU HLDGS LTD | FUTU | 36118L106 | $4.0M | 1.71% | 36,520 | SH |
| 19 | WESTERN DIGITAL CORP | WDC | 958102105 | $3.0M | 1.26% | 6,520 | SH |
| 20 | ASML HLDG NV | ASML | N07059210 | $2.9M | 1.22% | 1,582 | SH |
| 21 | AMPHENOL CORP | APH | 032095101 | $1.4M | 0.60% | 16,720 | SH |
| 22 | APPLIED MATLS INC | AMAT | 038222105 | $434.7K | 0.18% | 850 | SH |
| 23 | ARM HOLDINGS PLC | ARM | 042068205 | $362.1K | 0.15% | 1,250 | SH |
| 24 | ISHARES ETHEREUM TR | ETHA | 46438R105 | $337.0K | 0.14% | 16,750 | SH |
| 25 | EQUINIX INC | EQIX | 29444U700 | $263.0K | 0.11% | 260 | SH |
| 26 | VENTAS INC | VTR | 92276F100 | $258.5K | 0.11% | 3,040 | SH |
| 27 | WELLTOWER INC | WELL | 95040Q104 | $247.5K | 0.11% | 1,075 | SH |
| 28 | BITMINE IMMERSION TECHS INC | BMNR | 09175A206 | $243.2K | 0.10% | 9,200 | SH |
| 29 | PULTE GROUP INC | PHM | 745867101 | $227.5K | 0.10% | 1,960 | SH |
| 30 | IRON MTN INC DEL | IRM | 46284V101 | $223.6K | 0.09% | 2,015 | SH |
| 31 | D R HORTON INC | DHI | 23331A109 | $215.5K | 0.09% | 1,577 | SH |
| 32 | CARETRUST REIT INC | CTRE | 14174T107 | $197.2K | 0.08% | 5,390 | SH |
| 33 | AMERICAN HEALTHCARE REIT INC | AHR | 398182303 | $184.5K | 0.08% | 3,600 | SH |
| 34 | DIGITAL RLTY TR INC | DLR | 253868103 | $184.3K | 0.08% | 1,050 | SH |
| 35 | GDS HLDGS LTD | GDS | 36165L108 | $144.9K | 0.06% | 4,640 | SH |
| 36 | NOKIA CORP | NOK | 654902204 | $133.7K | 0.06% | 13,190 | SH |
| 37 | AMERICOLD REALTY TRUST INC | COLD | 03064D108 | $113.7K | 0.05% | 8,130 | SH |
| 38 | AMERICAN TOWER CORP | AMT | 03027X100 | $104.8K | 0.04% | 640 | SH |
| 39 | CIRCLE INTERNET GROUP INC | CRCL | 172573107 | $71.5K | 0.03% | 870 | SH |
| 40 | MID-AMER APT CMNTYS INC | MAA | 59522J103 | $70.6K | 0.03% | 600 | SH |
| 41 | VICI PPTYS INC | VICI | 925652109 | $52.7K | 0.02% | 2,296 | SH |
| 42 | HOST HOTELS & RESORTS INC | HST | 44107P104 | $10.3K | 0.00% | 460 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-16 | $235.6M | 42 | 0002083646-26-000007 |
| 2026-06-30 | 2026-07-22 | $215.2M | 39 | 0002083646-26-000004 |
| 2026-03-31 | 2026-04-16 | $271.9M | 36 | 0002083646-26-000003 |
| 2025-12-31 | 2026-01-28 | $88.8M | 24 | 0002083646-26-000001 |
UGLAND HOUSE
GRAND CAYMAN KY1-1104