Franchise GP
GRAND CAYMAN, E9files as Franchise GP Ltd
$215m in 39 US stocks at the end of 30 June 2026. The top 10 are 83.7% of the money. It changed about 50.2% of the portfolio this quarter.
Value
$215m
Stocks
39
Top 10 share
83.7%
Turnover
50.2%
What changed this quarter
New
Bought for the first time this quarter.
- Nebius GroupNBIS3.3% of the fund
- Western DigitalWDC3.2% of the fund
- Lam ResearchLRCX3.0% of the fund
- Seagate Technology HoldingsSTX2.3% of the fund
- Dell TechnologiesDELL1.0% of the fund
- Lattice SemiconductorLSCC0.9% of the fund
- Analog DevicesADI0.8% of the fund
- SnowflakeSNOW0.4% of the fund
- Applied MaterialsAMAT0.3% of the fund
- ARM HoldingsARM0.2% of the fund
- CareTrust REITCTRE0.1% of the fund
- NokiaNOK<0.1% of the fund
- GDS HldgsGDS<0.1% of the fund
Added
Bought more of a stock they already held.
- Advanced Micro DevicesAMD10.1% of the fund+257%
- YuanbaoYB8.6% of the fund+128%
- SandiskSNDK7.9% of the fund+75%
- Micron TechnologyMU7.2% of the fund+61%
- Ishares Bitcoin Trust ETFIBIT3.9% of the fund+6161%
- VentasVTR0.1% of the fund+626%
- American Healthcare REITAHR0.1% of the fund+207%
- WelltowerWELL0.1% of the fund+120%
- Ishares Ethereum TRETHA<0.1% of the fund+125%
- Bitmine Immersion TechnologiesBMNR<0.1% of the fund+109%
- Iron MountainIRM<0.1% of the fund+79%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM9.8% of the fund-54%
- NvidiaNVDA9.2% of the fund-70%
- Lumentum HoldingsLITE1.8% of the fund-76%
- Digital Realty TrustDLR<0.1% of the fund-26%
- Host Hotels & ResortsHST<0.1% of the fund-53%
- EquinixEQIX<0.1% of the fund-70%
- Circle Internet GroupCRCL<0.1% of the fund-100%
Sold out
Sold their entire stake.
- Petrobras - Petroleo Brasileiro SAPBR-100%
- AlphabetGOOG-100%
- Meta PlatformsMETA-100%
- Futu HldgsFUTU-100%
- Vertiv HoldingsVRT-100%
- RobloxRBLX-100%
- Palantir TechnologiesPLTR-100%
- AmphenolAPH-100%
- Eli LillyLLY-100%
- AppLovinAPP-100%
Holdings
- PDD HoldingsPDD
- Share
- 17.6%
- Value
- $38m
- Shares
- 497,860
Held
- YuanbaoYB
- Share
- 8.6%
- Value
- $19m
- Shares
- 1,214,593
+128%
- Ishares Bitcoin Trust ETFIBIT
- Share
- 3.9%
- Value
- $8m
- Shares
- 249,996
+6161%
- ARM HoldingsARM
- Share
- 0.2%
- Value
- $443,213
- Shares
- 1,250
New
- Ishares Ethereum TRETHA
- Share
- <0.1%
- Value
- $199,158
- Shares
- 16,750
+125%
- NokiaNOK
- Share
- <0.1%
- Value
- $175,163
- Shares
- 13,190
New
- GDS HldgsGDS
- Share
- <0.1%
- Value
- $139,339
- Shares
- 4,640
New
- KE HldgsBEKE
- Share
- <0.1%
- Value
- $58,120
- Shares
- 4,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| PDD HoldingsPDD | 17.6% | $38m | 497,860 | Held |
| Advanced Micro DevicesAMD | 10.1% | $22m | 37,370 | +257% |
| Taiwan Semiconductor ManufacturingTSM | 9.8% | $21m | 44,040 | -54% |
| NvidiaNVDA | 9.2% | $20m | 98,619 | -70% |
| YuanbaoYB | 8.6% | $19m | 1,214,593 | +128% |
| SandiskSNDK | 7.9% | $17m | 7,520 | +75% |
| Micron TechnologyMU | 7.2% | $15m | 13,380 | +61% |
| BroadcomAVGO | 6.1% | $13m | 34,980 | Held |
| Ishares Bitcoin Trust ETFIBIT | 3.9% | $8m | 249,996 | +6161% |
| Nebius GroupNBIS | 3.3% | $7m | 25,487 | New |
| Western DigitalWDC | 3.2% | $7m | 10,710 | New |
| Lam ResearchLRCX | 3.0% | $6m | 14,660 | New |
| Seagate Technology HoldingsSTX | 2.3% | $5m | 5,030 | New |
| Lumentum HoldingsLITE | 1.8% | $4m | 4,600 | -76% |
| TeradyneTER | 1.1% | $2m | 5,000 | Held |
| Dell TechnologiesDELL | 1.0% | $2m | 4,950 | New |
| Lattice SemiconductorLSCC | 0.9% | $2m | 13,200 | New |
| Analog DevicesADI | 0.8% | $2m | 4,600 | New |
| SnowflakeSNOW | 0.4% | $796,585 | 3,130 | New |
| Applied MaterialsAMAT | 0.3% | $614,550 | 850 | New |
| ARM HoldingsARM | 0.2% | $443,213 | 1,250 | New |
| VentasVTR | 0.1% | $322,433 | 3,631 | +626% |
| PultegroupPHM | 0.1% | $268,932 | 1,960 | Held |
| American Healthcare REITAHR | 0.1% | $252,302 | 4,838 | +207% |
| CareTrust REITCTRE | 0.1% | $231,529 | 5,738 | New |
| WelltowerWELL | 0.1% | $224,246 | 988 | +120% |
| Ishares Ethereum TRETHA | <0.1% | $199,158 | 16,750 | +125% |
| Horton D RDHI | <0.1% | $175,422 | 1,077 | Held |
| NokiaNOK | <0.1% | $175,163 | 13,190 | New |
| Digital Realty TrustDLR | <0.1% | $168,446 | 938 | -26% |
| GDS HldgsGDS | <0.1% | $139,339 | 4,640 | New |
| Americold Realty TrustCOLD | <0.1% | $137,236 | 8,730 | Held |
| Host Hotels & ResortsHST | <0.1% | $127,916 | 5,395 | -53% |
| Bitmine Immersion TechnologiesBMNR | <0.1% | $122,452 | 9,200 | +109% |
| Iron MountainIRM | <0.1% | $102,943 | 815 | +79% |
| EquinixEQIX | <0.1% | $83,391 | 80 | -70% |
| Vici PropertiesVICI | <0.1% | $60,959 | 2,296 | Held |
| KE HldgsBEKE | <0.1% | $58,120 | 4,000 | Held |
| Circle Internet GroupCRCL | <0.1% | $54,488 | 870 | -100% |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 142.5% since 31 December 2025.
Where the money is
Technology68.5%
Real estate0.8%
Retail & consumer0.2%
Financial services0.1%
Other30.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.