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Penghua Fund Management Co., Ltd.
Deng Zhaoming · Asset Manager · Multi-Strategy
Penghua Fund Management Co., Ltd., established in December 1998, is one of the pioneering and most established asset management firms in China. Headquartered in Shenzhen, the company is a joint venture between Guosen Securities and Eurizon Capital. Penghua provides a comprehensive range of investment services to both retail and institutional clients, including mutual funds, pension fund management, and specialized mandates for the National Social Security Fund. As a major player in the Chinese financial market, the firm manages a diverse portfolio across equities, fixed income, money markets, and real estate investment trusts (REITs), maintaining a significant presence in the domestic asset management industry through its extensive research capabilities and broad product offering.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +16.6% |
| YTD return | +12.0% |
| Sharpe ratio | 3.01 |
| Win rate | 50% |
| AUM | $0.4B |
| Inception | Oct 1, 2025 |
| Updated | Sep 3, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.4B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | http://www.phfund.com.cn |
Current Holdings
Updated on Sep 3, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| HSBC | HSBC Holdings PLC ADR | 54.6% | +38.2% |
| ONC | BeiGene, Ltd. | 23.0% | +10.8% |
| BABA | Alibaba Group Holding Ltd | 11.2% | -25.1% |
| GS | Goldman Sachs Group Inc | 11.2% | +1.6% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 24, 2026 | BUY | GS | 11.2% → 11.2% |
| Aug 24, 2026 | BUY | HSBC | 50.4% → 54.6% |
| Aug 24, 2026 | SELL | CAT | 10.6% → 0.0% |
| Aug 24, 2026 | BUY | ONC | 19.0% → 23.0% |
| Aug 24, 2026 | BUY | BABA | 8.7% → 11.2% |
Investment Style Analysis
Penghua Fund Management Co., Ltd. is widely recognized for employing a Multi-Strategy strategy. As of Sep 3, 2026, the firm oversees approximately $0.4B in assets under management (AUM). The portfolio demonstrates a clear preference for the Banks - Diversified and Biotechnology sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 24, Penghua Fund Management Co., Ltd. made a significant move by increasing exposure to GS. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Penghua Fund Management adheres to an investment philosophy centered on fundamental research and long-term value creation. The firm seeks to achieve stable and sustainable capital growth by identifying high-quality companies with strong corporate governance and competitive market positions. Their strategy integrates a disciplined top-down macroeconomic perspective with rigorous bottom-up security selection. By prioritizing professional research and maintaining a diversified approach across asset classes, Penghua aims to minimize downside risk while capturing growth opportunities within the evolving Chinese economy, ensuring a focus on the long-term interests of its shareholders and clients.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Penghua Fund Management Co., Ltd..
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Frequently asked questions
How is the simulated portfolio for Penghua Fund Management Co., Ltd. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Penghua Fund Management Co., Ltd.'s largest holding?
As of the latest filing, Penghua Fund Management Co., Ltd.'s top position is HSBC Holdings PLC ADR (HSBC), representing 54.6% of the portfolio. This reflects a high-conviction bet by the institution.
What is Penghua Fund Management Co., Ltd.'s historical performance and risk profile?
Our simulation indicates a total return of +16.6% with a win rate of 50%. Notably, the portfolio maintains a Sharpe Ratio of 3.01, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Penghua Fund Management Co., Ltd. primarily invest in?
Penghua Fund Management Co., Ltd. has a strong preference for the Banks - Diversified sector, which makes up 54.6% of their disclosed assets. The portfolio also has exposure to Biotechnology, indicating a specific thematic focus.
Is Penghua Fund Management Co., Ltd.'s portfolio concentrated or diversified?
Penghua Fund Management Co., Ltd. runs a highly concentrated portfolio with 4 disclosed positions. The top 3 holdings alone account for 88.8% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Penghua Fund Management Co., Ltd. performed in 2026?
Our AI-simulated model portfolio for Penghua Fund Management Co., Ltd. tracks a Year-to-Date (YTD) return of +12.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Deng Zhaoming manage Penghua Fund Management Co., Ltd. directly?
Yes, Deng Zhaoming serves as the key portfolio manager for Penghua Fund Management Co., Ltd., overseeing the investment strategy and final capital allocation decisions.