NetEase, Inc.

Portfolio Overview

NetEase, Inc.’s 13F as of 2025-09-30 shows a highly reduced and extremely concentrated equity portfolio with a total reported market value of $28.81 million across 1 holding. This is a 92.7% decrease versus the prior quarter (from $397.04M to $28.81M). The portfolio holds only 2.90 million shares in a single issuer and no other 13F-reportable U.S. equities are disclosed. The filing indicates an effective wind‑down or near-complete liquidation of the previously disclosed pub...