NetEase, Inc.

CIK: 0001110646SEC EDGAR →

Portfolio Value

$432.4M

Holdings

As of

Q4 2025

New Positions

Closed Positions

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	PDD PDD HOLDINGS INC	3,555,488	$403.2M	93.24%
2	DAO YOUDAO INC	2,898,293	$29.2M	6.76%

Sector	# Holdings	Value	%
Consumer Cyclical	1	$403.2M	93.2%
Consumer Defensive	1	$29.2M	6.8%