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Portfolio (Quarterly) Guide ↗

NetEase, Inc.

· CIK 0001110646
13F Portfolio $432M AUM 2 positions Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 2 New
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 PDD PDD HOLDINGS INC Consumer Cyclical 3,555,488.0 $403.2M 93.24% NEW $113.39 -14.5%
2 DAO YOUDAO INC Consumer Defensive 2,898,293.0 $29.2M 6.76% NEW $10.08 +13.3%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 93.2%
Consumer Defensive 6.8%