Nan Fung Group Holdings LTD
Privately held Hong Kong-based conglomerate with core business in property development, also active in shipping, textiles, financial services, and, more recently, innovation, creativity, entrepreneurship (ICE), life sciences, and healthcare. The group operates a vertically integrated business model and is one of the largest privately held developers in Hong Kong. Notable projects include the revitalization of its legacy yarn factories into The Mills, a hub for techstyle and innovation. Recent investments include life sciences in the US (via Pivotal) and healthcare/tech in Mainland China (via New Frontier).
Investment Strategy
Core focus on property development and investment in Hong Kong and Mainland China, with strategic expansions into international real estate (e.g., New York, London). Diversified into innovation, techstyle, life sciences, healthcare, and elderly care, often through joint ventures or standalone entities. Maintains a vertically integrated approach and seeks attractive opportunities in first-tier cities and overseas.
Top Holdings
Equity Positions (17)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HRMY | HARMONY BIOSCIENCES HLDGS IN | 18.37% | $11.6M | 368,665 | $28.23 | $31.60 | -$586.2K |
I ILMN | ILLUMINA INC | 17.93% | $11.4M | 119,196 | $394.19 | $95.41 | +$1.9M |
I INCY | INCYTE CORP | 6.34% | $4.0M | 59,022 | $63.89 | $68.10 | +$445.6K |
M MDGL | MADRIGAL PHARMACEUTICALS INC | 5.66% | $3.6M | 11,872 | $249.18 | $302.64 | -$339.4K |
R RXRX | RECURSION PHARMACEUTICALS IN | 5.30% | $3.4M | 664,610 | $6.76 | $5.06 | -$152.9K |