13F Insight
DOSSIER · 13F-HR · Q1 2026

NetEase, Inc.

$934M in tracked AUM across 2 positions as of Q1 2026.

NI
CIK 0001110646 · last filed Mar 31, 2026
Total AUM
$934M
as of Q1 2026
Holdings
2
—
positions
Whale Score
73
73
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
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...

Key Holdings
  • YOUDAO INC — Value: $28.81M; Shares: 2.90M; Weight: 100.0% of the reported portfolio.
    • Implied average price: approximately $9.93 per share ($28.81M / 2.90M shares).
    • This single holding represents the entirety of the filer’s disclosed 13F portfolio as of the report date and is therefore the sole driver of reported portfolio performance and risk going forward.
Sector Allocation
  • The filing shows 100.0% of the portfolio ($28.81M) allocated to “Unknown” in sector classification.
    • The “Unknown” designation indicates either the 13F mapping did not assign a standard sector/GICS code to the position or the position is in a security that the data vendor did not map to a sector in the report.
    • Because the entire portfolio is in one unmapped category, there is no meaningful sector diversification in the disclosed 13F holdings.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
PDD
PDD HOLDINGS INC
$906M8.9M97.0%02
DAO
YOUDAO INC
$28M2.9M3.0%

Filing history

2026Q1Mar 31
$934M▲ 116.1%
2 positionsView →2025Q4Dec 31
$432M▲ 1400.8%
2 positionsView →2025Q3Sep 30
$29M▼ 92.7%
1 positionsView →2025Q2Jun 30
$397M▲ 1695.4%
2 positionsLocked2025Q1Mar 31
$22M▲ 3.1%
1 positionsLocked2024Q4Dec 31
$21M▼ 72.3%
1 positionsLocked2024Q3Sep 30
$77M▼ 55.3%
2 positionsLocked2024Q2Jun 30
$173M▼ 29.1%
2 positionsLocked2024Q1Mar 31
$244M▲ 61.1%
2 positionsLocked2023Q4Dec 31
$151M▼ 0.4%
2 positionsLocked2023Q3Sep 30
$152M▲ 45.7%
2 positionsLocked2023Q2Jun 30
$104M▲ 30.5%
2 positionsLocked
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