Zhang Lei
Zhang Lei's 13F, Q2 2026
$832.1M in 35 stocks: bought $129.8M, sold $882.3M
Portfolio
$832.1M
▼ 82% over 8 quarters
Stocks
35
0 option positions not counted
Bought
+$129.8M
6 new · 6 added
Sold
−$882.3M
9 sold out · 6 cut
A 13F lists US stocks held at the quarter end and is filed up to 45 days later. It shows no short positions, cash or foreign shares.
Largest holdings
LEGN is 20.8% of the money, FUTU 19.9%
% of portfolio · = Q1 2026nowchange, pts
LEGNLegend Biotech Corp
20.8%
+14.3
FUTUFutu Hldgs Ltd
19.9%
+8.3
AVBPArrivent Biopharma Inc
16.4%
+11.0
VIPSVipshop Hldgs Ltd
5.5%
+5.4
PDDPdd Holdings Inc
4.6%
−20.9
BEKEKe Hldgs Inc
3.9%
+0.1
CTKBCytek Biosciences Inc
3.5%
+1.8
ALMRAlamar Biosciences Inc
3.1%
new
BABAAlibaba Group Hldg Ltd
2.1%
−16.3
What they did in Q2 2026
Bought most of VIPS ($44.4M), sold most of ONC ($307.2M)
The mix over time
Its 6 largest holdings are 73% of the money now, last 8 quarters
Every holding in Q2 2026
35 stocks
| Stock | % of portfolio | Shares | Value | Price | Activity |
|---|---|---|---|---|---|
| LEGN Legend Biotech Corp · SPONSORED ADS | 20.77% | 5.98M | $172.8M | 28.88 | |
| FUTU Futu Hldgs Ltd · SPON ADS CL A | 19.92% | 1.77M | $165.8M | 93.74 | Added +24.6% |
| AVBP Arrivent Biopharma Inc | 16.40% | 3.93M | $136.5M | 34.74 | |
| MRVL Marvell Technology Inc | 5.83% | 163K | $48.5M | 297.89 | Reduced -4.7% |
| VIPS Vipshop Hldgs Ltd · SPONSORED ADS A | 5.53% | 3.47M | $46.0M | 13.26 | Added ×28 |
| PDD Pdd Holdings Inc · SPONSORED ADS | 4.58% | 500K | $38.1M | 76.28 | Reduced -88.0% |
| BEKE Ke Hldgs Inc · SPONSORED ADS | 3.87% | 2.22M | $32.2M | 14.53 | Reduced -47.6% |
| CTKB Cytek Biosciences Inc | 3.54% | 6.66M | $29.5M | 4.43 | |
| ALMR Alamar Biosciences Inc · COMMON STOCK | 3.11% | 956K | $25.9M | 27.09 | New |
| BABA Alibaba Group Hldg Ltd · SPONSORED ADS | 2.12% | 184K | $17.7M | 95.98 | Reduced -92.5% |
| ODTX Odyssey Therapeutics Inc · COMMON STOCK | 1.87% | 832K | $15.6M | 18.71 | New |
| YSG Yatsen Hldg Ltd · SPONSORED ADS | 1.86% | 4.89M | $15.5M | 3.17 | |
| NBP Novabridge Biosciences · SPONSORED ADS | 1.40% | 5.98M | $11.7M | 1.95 | |
| CTNM Contineum Therapeutics Inc · CL A | 1.32% | 669K | $11.0M | 16.39 | |
| MAZE Maze Therapeutics Inc | 1.31% | 366K | $10.9M | 29.84 | |
| API Agora Inc · ADS | 1.01% | 2.10M | $8.4M | 3.99 | |
| TSM Taiwan Semiconductor Manufac · SPONSORED ADS | 0.89% | 16K | $7.4M | 477.57 | |
| SGMT Sagimet Biosciences Inc · COM SER A | 0.67% | 725K | $5.6M | 7.73 | |
| NTES Netease Com Inc · SPONSORED ADS | 0.54% | 35K | $4.5M | 128.14 | New |
| GE Ge Aerospace | 0.45% | 10K | $3.8M | 373.73 | |
| LITE Lumentum Hldgs Inc | 0.34% | 3K | $2.8M | 858.06 | Added +120.0% |
| NVDA Nvidia Corporation | 0.34% | 14K | $2.8M | 200.09 | Added +112.6% |
| TUYA Tuya Inc · SPONSERED ADS | 0.33% | 1.56M | $2.8M | 1.76 | |
| GLW Corning Inc | 0.32% | 10K | $2.6M | 255.43 | Added +33.3% |
| COHR Coherent Corp | 0.30% | 6K | $2.5M | 394.47 | Added +50.1% |
| BULL Webull Corp · ORD SHS | 0.24% | 310K | $2.0M | 6.52 | Reduced -79.3% |
| INTC Intel Corp | 0.24% | 14K | $2.0M | 139.63 | Reduced -1.3% split 2 reverse |
| PACB Pacific Biosciences Calif In | 0.19% | 919K | $1.5M | 1.68 | |
| TXN Texas Instrs Inc | 0.17% | 5K | $1.4M | 298.07 | New |
| MOGU Mogu Inc · SPON ADS | 0.17% | 848K | $1.4M | 1.67 | |
| GOSS Gossamer Bio Inc | 0.10% | 4.97M | $819K | 0.16 | |
| EQX Equinox Gold Corp | 0.09% | 80K | $782K | 9.72 | |
| ZM Zoom Communications Inc · CL A | 0.09% | 9K | $778K | 86.31 | New |
| ALGS Aligos Therapeutics Inc | 0.05% | 76K | $440K | 5.77 | |
| RDGT Ridgetech Inc · SHS NEW | 0.00% | 136 | $204 | 1.50 | New |
Sold out
9 positions closed in Q2 2026
| Stock | Shares the quarter before | % of portfolio then |
|---|---|---|
| ONC Beone Medicines Ltd | 1.03M | 18.36% |
| CWAN Clearwater Analytics Hldgs I | 1.37M | 1.93% |
| B Barrick Mng Corp | 25K | 0.06% |
| DDL Dingdong Cayman Ltd | 354K | 0.05% |
| AXIA Centrais Elet Bras Sa | 63K | 0.04% |
| EWW Ishares Inc | 9K | 0.04% |
| VNET Vnet Group Inc | 65K | 0.03% |
| UXIN Uxin Ltd | 19K | 0.00% |
| RDGT Ridgetech Inc | 20K | 0.00% |
An email when Zhang Lei files a new 13F.