Greenwoods Asset Management Hong Kong Ltd.

Momentum followerSector-focusedQuality / disciplined sizing

Total reported value

$3.9B

Reporting period: 2026-03-31 · Number of holdings: 35

Greenwoods Asset Management Hong Kong Ltd. disclosed 35 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.9B and a quarterly turnover rate of 38.9%.

Personality snowflake

Concentration: 41.05
Portfolio Stability: 38.95
Momentum/Contrarian: 100
Sector conviction: 99.07
Diversification: 50
Sizing Uniformity: 87.23

Recent moves

Trim META
-45.7%　-$348.1M
Add INTC
+167.3%　$209.9M
Add PDD
+28.6%　$71.5M
Trim NTES
-0.7%　-$85.0M
Add YMM
+43.2%　$33.1M
Trim FUTU
-12.3%　-$50.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 25 holdings (of 35 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	21.66%	+0.84%	+8.61%
2	PDD	Pdd Holdings INC	Stock-Consumer Disc	13.45%	+2.33%	+28.62%
3	NTES	Netease Inc-adr	Stock-Comm Services	9.21%	-1.72%	-0.69%
4	YMM	Full Truck Alliance -spn Adr	Stock-Other	8.77%	+1.18%	+43.22%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	7.99%	-8.28%	-45.66%
6	INTC	Intel CORP	Stock-Tech	7.88%	+5.52%	+167.27%
7	AMZN	Amazon.com INC	Stock-Consumer Disc	5.40%	+5.40%	NEW
8	FUTU	Futu Holdings Ltd-adr	Stock-Financials	3.51%	-1.10%	-12.28%
9	NVDA	Nvidia CORP	Stock-Tech	3.43%	-0.43%	-8.97%
10	TCOM	Trip.com Group Ltd-adr	Stock-Consumer Disc	3.34%	+3.34%	NEW
11	ATAT	Atour Lifestyle Holdings-adr	Stock-Other	2.46%	+0.23%	+13.14%
12	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	2.27%	-0.79%	-16.65%
13	EDU	New Oriental Educatio-sp Adr	Stock-Consumer Staples	1.94%	+0.13%	—
14	AAPL	Apple INC	Stock-Tech	1.63%	+0.20%	+16.55%
15	HTHT	H World Group Ltd-adr	Stock-Other	1.38%	+0.40%	+26.15%
16	QFIN	Qfin Holdings Inc-adr	Stock-Other	1.10%	-0.47%	—
17	SE	Sea Ltd-adr	Stock-Comm Services	1.04%	+0.02%	+50.56%
18	UNH	Unitedhealth Group INC	Stock-Healthcare	0.91%	-0.15%	—
19	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.72%	+0.05%	-7.54%
20	TAL	Tal Education Group- Adr	Stock-Consumer Staples	0.72%	+0.02%	-5.71%
21	WRD	Weride Inc-adr	Stock-Other	0.46%	-0.01%	—
22	MMYT	MakeMyTrip Limited	Stock-Other	0.37%	-0.15%	+51.25%
23	LITE	Lumentum Holdings INC	Stock-Tech	0.20%	+0.20%	NEW
24	HDL	Super Hi International Holdi	Stock-Other	0.10%	-0.01%	—
25	RERE	Atrenew INC	Stock-Other	0.06%	-0.01%	—

Portfolio Performance

Performance for Q3 2026

-8.6%

Performance Last 4 Quarters

-3.2%

Based on 76% of reported portfolio value with available pricing

Stdev: +26%
Beta: +1.4
Alpha: -5%
Max Drawdown: -18.6%
Annualized Perf: +17.9%
Batting Avg vs S&P: +48.5%
Sortino: +1.84
Stutzer: +0.23
Treynor: +0.14
Sterling: +0.73
Calmar: +0.97
Information Ratio: +0.11
Tracking Error: +18.8%
Stdev Down: +10.7%
Winning Months %: +48.5%
Losing Months %: +51.5%
Best 12 Months: +51.3%
Worst 12 Months: -3.2%
Efficiency Ratio: +0.32
Sharpe: +0.76
Stdev Sectors: +16.5%
Skewness: +1.27
Kurtosis: +1.31
Upside Potential: +3.93

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	35	$3.9B	39	1GOOGL 2PDD 3NTES Top holdings2026-03-31 1.GOOGL 2.PDD 3.NTES 4.YMM 5.META 6.INTC 7.AMZN 8.FUTU 9.NVDA 10.TCOM
2025-12-31	38	$4.0B	37	1GOOGL 2META 3PDD Top holdings2025-12-31 1.GOOGL 2.META 3.PDD 4.NTES 5.YMM 6.FUTU 7.NVDA 8.BABA 9.INTC 10.ATAT
2025-09-30	39	$4.4B	76	1META 2NTES 3NVDA Top holdings2025-09-30 1.META 2.NTES 3.NVDA 4.PDD 5.GOOGL 6.YMM 7.FUTU 8.BABA 9.NBIS 10.QFIN
2025-06-30	36	$2.9B	0	1META 2NTES 3YMM Top holdings2025-06-30 1.META 2.NTES 3.YMM 4.PDD 5.FUTU 6.QFIN 7.NVDA 8.BEKE 9.EDU 10.NBIS
2025-03-31	40	$3.2B	100	1META 2PDD 3NTES Top holdings2025-03-31 1.META 2.PDD 3.NTES 4.YMM 5.TSM 6.FUTU 7.AAPL 8.ZTO 9.QFIN 10.BEKE
2024-12-31	44	$3.2B	0	1META 2PDD 3NTES Top holdings2024-12-31 1.META 2.PDD 3.NTES 4.YMM 5.TSM 6.AAPL 7.DASH 8.ZTO 9.QFIN 10.FUTU
2024-09-30	45	$3.2B	0	1PDD 2META 3NTES Top holdings2024-09-30 1.PDD 2.META 3.NTES 4.TSM 5.YMM 6.FUTU 7.AAPL 8.ZTO 9.DASH 10.EDU
2024-06-30	51	$3.8B	0	1PDD 2META 3TSM Top holdings2024-06-30 1.PDD 2.META 3.TSM 4.MSFT 5.NTES 6.YMM 7.EDU 8.FUTU 9.DASH 10.NVDA
2024-03-31	56	$3.2B	0	1META 2PDD 3MSFT Top holdings2024-03-31 1.META 2.PDD 3.MSFT 4.NTES 5.DASH 6.TSM 7.NVDA 8.EDU 9.FUTU 10.YMM
2023-12-31	46	$2.8B	0	1PDD 2MSFT 3META Top holdings2023-12-31 1.PDD 2.MSFT 3.META 4.NTES 5.ZTO 6.GOOGL 7.EDU 8.DASH 9.FUTU 10.YMM
2023-09-30	49	$2.5B	0	1PDD 2META 3MSFT Top holdings2023-09-30 1.PDD 2.META 3.MSFT 4.NTES 5.ZTO 6.SN 7.EDU 8.GOOGL 9.DASH 10.FUTU
2023-06-30	44	$2.1B	0	1PDD 2META 3NTES Top holdings2023-06-30 1.PDD 2.META 3.NTES 4.DASH 5.EDU 6.NVDA 7.ZTO 8.MSFT 9.FUTU 10.YMM
2023-03-31	46	$1.7B	0	1PDD 2EDU 3NTES Top holdings2023-03-31 1.PDD 2.EDU 3.NTES 4.DASH 5.META 6.ZTO 7.NVDA 8.MSFT 9.BZ 10.QFIN
2022-12-31	54	$1.6B	0	1PDD 2JD 3NTES Top holdings2022-12-31 1.PDD 2.JD 3.NTES 4.META 5.BZ 6.DASH 7.ZTO 8.YMM 9.QFIN 10.BEKE
2022-09-30	50	$1.5B	0	1BEKE 2PDD 3NTES Top holdings2022-09-30 1.BEKE 2.PDD 3.NTES 4.SE 5.JD 6.YMM 7.ZTO 8.FUTU 9.DASH 10.BZ
2022-06-30	57	$2.2B	0	1BEKE 2JD 3NTES Top holdings2022-06-30 1.BEKE 2.JD 3.NTES 4.KWEB 5.ZTO 6.BABA 7.SE 8.PDD 9.YMM 10.BZ
2022-03-31	57	$2.3B	0	1NTES 2BEKE 3JD Top holdings2022-03-31 1.NTES 2.BEKE 3.JD 4.SE 5.KWEB 6.GOOGL 7.ZTO 8.META 9.BZ 10.DASH
2021-12-31	54	$2.7B	0	1SE 2META 3GOOGL Top holdings2021-12-31 1.SE 2.META 3.GOOGL 4.NTES 5.BEKE 6.ZTO 7.PDD 8.JD 9.DASH 10.BZ
2021-09-30	57	$2.5B	0	1SE 2META 3NTES Top holdings2021-09-30 1.SE 2.META 3.NTES 4.ZTO 5.PDD 6.BEKE 7.GOOGL 8.CVNA 9.JD 10.QFIN
2021-06-30	58	$2.9B	100	1SE 2META 3PDD Top holdings2021-06-30 1.SE 2.META 3.PDD 4.ZTO 5.NTES 6.QFIN 7.MSFT 8.DASH 9.BILI 10.GOOGL
2021-03-31	50	$2.4B	—	1SE 2PDD 3META Top holdings2021-03-31 1.SE 2.PDD 3.META 4.ZTO 5.NTES 6.MSFT 7.QFIN 8.JD 9.GOOGL 10.TSM

Holding changes this quarter

Greenwoods Asset Management Hong Kong Ltd.'s most significant position changes for 2026-03-31: New buy: Amazon.com INC (AMZN); New buy: Trip.com Group Ltd-adr (TCOM); Sold out: Broadcom INC (AVGO); Sold out: Synopsys INC (SNPS); Sold out: Nebius Group NV (NBIS).

Position changes disclosed by Greenwoods Asset Management Hong Kong Ltd. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	INTC	Intel CORP	+5.5%	+167.27%	Add
2	PDD	Pdd Holdings INC	+2.3%	+28.62%	Add
3	YMM	Full Truck Alliance -spn Adr	+1.2%	+43.22%	Add
4	GOOGL	Alphabet Inc-cl A	+0.8%	+8.61%	Add
5	HTHT	H World Group Ltd-adr	+0.4%	+26.15%	Add
6	ATAT	Atour Lifestyle Holdings-adr	+0.2%	+13.14%	Add
7	AAPL	Apple INC	+0.2%	+16.55%	Add
8	EDU	New Oriental Educatio-sp Adr	+0.1%	—	Unchanged
9	TSM	Taiwan Semiconductor-sp Adr	+0.1%	-7.54%	Trim
10	SE	Sea Ltd-adr	0%	+50.56%	Add
11	TAL	Tal Education Group- Adr	0%	-5.71%	Trim
12	WRD	Weride Inc-adr	0%	—	Unchanged
13	HDL	Super Hi International Holdi	0%	—	Unchanged
14	RERE	Atrenew INC	0%	—	Unchanged
15	UNH	Unitedhealth Group INC	-0.2%	—	Unchanged
16	MMYT	MakeMyTrip Limited	-0.2%	+51.25%	Add
17	NVDA	Nvidia CORP	-0.4%	-8.97%	Trim
18	QFIN	Qfin Holdings Inc-adr	-0.5%	—	Unchanged
19	BABA	Alibaba Group Holding-sp Adr	-0.8%	-16.65%	Trim
20	FUTU	Futu Holdings Ltd-adr	-1.1%	-12.28%	Trim
21	NTES	Netease Inc-adr	-1.7%	-0.69%	Trim
22	META	Meta Platforms Inc-class A	-8.3%	-45.66%	Trim
23	AMZN	Amazon.com INC	—	NEW	New buy
24	TCOM	Trip.com Group Ltd-adr	—	NEW	New buy
25	AVGO	Broadcom INC	—	EXIT	Sold out
26	SNPS	Synopsys INC	—	EXIT	Sold out
27	NBIS	Nebius Group NV	—	EXIT	Sold out
28	BEKE	Ke Holdings Inc-adr	—	EXIT	Sold out
29	JKS	Jinkosolar Holding Co-adr	—	EXIT	Sold out
30	XBI	Ss Spdr S&p Biotech ETF	—	EXIT	Sold out
31	LITE	Lumentum Holdings INC	—	NEW	New buy

FAQ

What is Greenwoods Asset Management Hong Kong Ltd. and what type of investor is it?

Greenwoods Asset Management Hong Kong Ltd. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.9B, spread across 35 disclosed positions.

What are Greenwoods Asset Management Hong Kong Ltd.'s largest equity positions?

Based on the latest 13F filing, Greenwoods Asset Management Hong Kong Ltd.'s top holdings by market value are: 1. Alphabet Inc-cl A (GOOGL) — $840.1M (21.7%) 2. Pdd Holdings INC (PDD) — $521.5M (13.4%) 3. Netease Inc-adr (NTES) — $357.1M (9.2%) 4. Full Truck Alliance -spn Adr (YMM) — $339.9M (8.8%) 5. Meta Platforms Inc-class A (META) — $309.9M (8.0%)

What changes did Greenwoods Asset Management Hong Kong Ltd. make in its most recent portfolio filing?

In the latest reported quarter, Greenwoods Asset Management Hong Kong Ltd. made 25 notable position adjustments: 3 new positions were initiated, 9 existing holdings were added to, 7 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Amazon.com INC (AMZN); New buy: Trip.com Group Ltd-adr (TCOM); Sold out: Broadcom INC (AVGO); Sold out: Synopsys INC (SNPS); Sold out: Nebius Group NV (NBIS)

What sectors does Greenwoods Asset Management Hong Kong Ltd. focus on?

Greenwoods Asset Management Hong Kong Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 46.8% • Consumer Discretionary: 28.7% • Information Technology: 16.2% • Financials: 4.1% • Consumer Staples: 3.1% • Health Care: 1.1%