Franchise Capital Ltd 13F annual report

Franchise Capital Ltd is an investment fund managing more than $413 billion ran by Shihong Wang. There are currently 9 companies in Wang’s portfolio. The largest investments include NVIDIA Corp and PDD Inc, together worth $330 billion.

$413 billion Assets Under Management (AUM)

As of 4th July 2024, Franchise Capital Ltd’s top holding is 1,442,590 shares of NVIDIA Corp currently worth over $178 billion and making up 43.1% of the portfolio value. Relative to the number of outstanding shares of NVIDIA Corp, Franchise Capital Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 1,138,221 shares of PDD Inc worth $151 billion, whose value fell 8.8% in the past six months. The third-largest holding is Novo-nordisk A S worth $19.4 billion and the next is Meta Platforms Cl A Ord worth $16.9 billion, with 33,459 shares owned.

Currently, Franchise Capital Ltd's portfolio is worth at least $413 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Franchise Capital Ltd

The Franchise Capital Ltd office and employees reside in Grand Cayman, Cayman Islands. According to the last 13-F report filed with the SEC, Shihong Wang serves as the Director at Franchise Capital Ltd.

Recent trades

In the most recent 13F filing, Franchise Capital Ltd revealed that it had opened a new position in Alphabet Inc and bought 84,376 shares worth $15.5 billion. This means they effectively own approximately 0.1% of the company. Alphabet Inc makes up 7.4% of the fund's Technology sector allocation and has grown its share price by 63.2% in the past year.

The investment fund also strengthened its position in NVIDIA Corp by buying 1,231,036 additional shares. This makes their stake in NVIDIA Corp total 1,442,590 shares worth $178 billion. NVIDIA Corp dropped 68.2% in the past year.

On the other hand, there are companies that Franchise Capital Ltd is getting rid of from its portfolio. Franchise Capital Ltd closed its position in Tesla Inc on 11th July 2024. It sold the previously owned 153,432 shares for $27 billion. Shihong Wang also disclosed a decreased stake in Meta Platforms Cl A Ord by approximately 0.1%. This leaves the value of the investment at $16.9 billion and 33,459 shares.

One of the average hedge funds

The two most similar investment funds to Franchise Capital Ltd are Skyoak Wealth and Tap Consulting. They manage $414 billion and $413 billion respectively.

Shihong Wang investment strategy

Franchise Capital Ltd’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 50.6% of the total portfolio value. The fund focuses on investments in the United States as 33.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 56% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $732 billion.

The complete list of Franchise Capital Ltd trades based on 13F SEC filings

These positions were updated on July 11th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
NVIDIA Corp	581.90% 1,442,590	$178,217,569,000	43.10%
PDD Holdings Inc	26.13% 1,138,221	$151,326,482,000	36.60%
Tesla Inc	Closed 153,432	$26,971,811,000
Novo-nordisk A S	No change 136,172	$19,437,191,000	4.70%
2x Bitcoin Strategy Etf	Closed 343,147	$18,272,578,000
Ishares Bitcoin Etf	Closed 445,840	$18,043,145,000
Taiwan Semiconductor Mfg Ltd	Closed 127,259	$17,313,587,000
Meta Platforms Cl A Ord	6.10% 33,459	$16,870,697,000	4.08%
Microsoft Corporation	60.28% 35,159	$15,714,315,000	3.80%
Alphabet Inc	Opened 84,376	$15,476,246,000	3.74%
Celsius Holdings Ord	Closed 168,267	$13,952,700,000
Luckin Coffee Adr Rep 8 Ord	66.35% 414,890	$8,754,179,000	2.12%
Micron Technology Ord	Closed 49,576	$5,844,515,000
Li Auto Inc.	75.61% 266,146	$4,758,690,000	1.15%
Daqo New Energy Corp	Closed 111,799	$3,147,142,000
Petroleo Brasileiro Sa Petro	15.60% 215,260	$2,936,146,000	0.71%
Microstrategy Cl A Ord	Closed 58	$98,865,000
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