Green Court Capital Management Ltd — Quarterly 13F Portfolio Report

High-turnover traderConcentrated strategySector-focused

Total reported value

$108.1M

Reporting period: 2026-03-31 · Number of holdings: 5

Green Court Capital Management Ltd disclosed 5 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $108.1M and a quarterly turnover rate of 90.8%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "G"

Personality snowflake

Concentration: 100
Portfolio Stability: 90.8
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 10
Sizing Uniformity: 93.81

Recent moves

Trim TME
-70.3%　-$92.5M
Add TCOM
+16.3%　-$5.1M
Add EDU
-32.0%　-$5.5M
Add PDD
-50.9%　-$56.5M
New buy ATAT

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	PDD	Pdd Holdings INC	Stock-Consumer Disc	39.76%	+1.51%	-50.92%
2	TCOM	Trip.com Group Ltd-adr	Stock-Consumer Disc	22.83%	+11.37%	+16.29%
3	EDU	New Oriental Educatio-sp Adr	Stock-Consumer Staples	15.37%	+6.88%	-32.03%
4	TME	Tencent Music Entertainm-adr	Stock-Comm Services	15.03%	-26.78%	-70.30%
5	ATAT	Atour Lifestyle Holdings-adr	Stock-Other	7.01%	+7.01%	NEW

Portfolio Performance

Performance for Q3 2026

-13.1%

Performance Last 4 Quarters

-41.5%

Based on 85% of reported portfolio value with available pricing

Stdev: +37.9%
Beta: +0.66
Alpha: -29.4%
Max Drawdown: -49.7%
Annualized Perf: -19.6%
Batting Avg vs S&P: +29.4%
Sortino: -0.58
Stutzer: -0.12
Treynor: -0.23
Sterling: -0.33
Calmar: -0.4
Information Ratio: -0.99
Tracking Error: +37.3%
Stdev Down: +25.9%
Winning Months %: +47.1%
Losing Months %: +52.9%
Best 12 Months: +2.3%
Worst 12 Months: -41.3%
Efficiency Ratio: +0.18
Sharpe: -0.4
Stdev Sectors: +24%
Skewness: +0.78
Kurtosis: +0.29
Upside Potential: +1.68

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	5	$108.1M	91	1PDD 2TCOM 3EDU Top holdings2026-03-31 1.PDD 2.TCOM 3.EDU 4.TME 5.ATAT
2025-12-31	4	$260.1M	54	1TME 2PDD 3TCOM Top holdings2025-12-31 1.TME 2.PDD 3.TCOM 4.EDU
2025-09-30	4	$219.9M	100	1PDD 2TCOM 3TME Top holdings2025-09-30 1.PDD 2.TCOM 3.TME 4.EDU
2025-06-30	4	$151.2M	0	1PDD 2EDU 3TCOM Top holdings2025-06-30 1.PDD 2.EDU 3.TCOM 4.TME
2025-03-31	3	$169.5M	100	1ZTO 2TCOM 3EDU Top holdings2025-03-31 1.ZTO 2.TCOM 3.EDU
2024-12-31	3	$151.3M	0	1ZTO 2TCOM 3EDU Top holdings2024-12-31 1.ZTO 2.TCOM 3.EDU
2024-09-30	2	$274.7M	0	1ZTO 2TCOM Top holdings2024-09-30 1.ZTO 2.TCOM
2024-06-30	2	$154.3M	0	1TCOM 2ZTO Top holdings2024-06-30 1.TCOM 2.ZTO
2024-03-31	2	$250.7M	0	1TCOM 2ZTO Top holdings2024-03-31 1.TCOM 2.ZTO
2023-12-31	2	$336.3M	0	1ZTO 2TCOM Top holdings2023-12-31 1.ZTO 2.TCOM
2023-09-30	3	$282.2M	0	1ZTO 2TCOM344332N Top holdings2023-09-30 1.ZTO 2.TCOM 3.44332N
2023-06-30	2	$230.9M	0	1ZTO 2HTHT Top holdings2023-06-30 1.ZTO 2.HTHT
2023-03-31	2	$349.7M	0	1ZTO 2HTHT Top holdings2023-03-31 1.ZTO 2.HTHT
2022-12-31	1	$275.5M	0	1ZTO Top holdings2022-12-31 1.ZTO
2022-09-30	1	$233.9M	0	1ZTO Top holdings2022-09-30 1.ZTO
2022-06-30	2	$221.3M	0	1ZTO 2ACMR Top holdings2022-06-30 1.ZTO 2.ACMR
2022-03-31	2	$177.5M	0	1ZTO 2ACMR Top holdings2022-03-31 1.ZTO 2.ACMR
2021-12-31	2	$92.4M	0	1ACMR 2YMM Top holdings2021-12-31 1.ACMR 2.YMM
2021-09-30	2	$114.4M	0	1ACMR 2YMM Top holdings2021-09-30 1.ACMR 2.YMM
2021-06-30	1	—	100
2021-03-31	1	$3.2M	100	1EDU Top holdings2021-03-31 1.EDU
2020-12-31	1	—	100
2020-09-30	1	$13.2M	100	1EDU Top holdings2020-09-30 1.EDU
2020-06-30	3	$148.1M	100	1EDU 2ZTO 3ACMR Top holdings2020-06-30 1.EDU 2.ZTO 3.ACMR
2020-03-31	5	$863.6M	21	1BABA 2ZTO 3EDU Top holdings2020-03-31 1.BABA 2.ZTO 3.EDU 4.ACMR 5.BILI
2019-12-31	5	$990.3M	27	1BABA 2ZTO 3BZUN Top holdings2019-12-31 1.BABA 2.ZTO 3.BZUN 4.EDU 5.HTHT
2019-09-30	6	$848.5M	13	1BABA 2ZTO 3BZUN Top holdings2019-09-30 1.BABA 2.ZTO 3.BZUN 4.HTHT 5.YUMC 6.EDU
2019-06-30	6	$837.3M	24	1BABA 2ZTO 3BZUN Top holdings2019-06-30 1.BABA 2.ZTO 3.BZUN 4.G81477 5.HTHT 6.EDU
2019-03-31	4	$671.9M	47	1BABA 2ZTO3G81477 Top holdings2019-03-31 1.BABA 2.ZTO 3.G81477 4.EDU
2018-12-31	4	$575.2M	11	1BABA 2ZTO3G81477 Top holdings2018-12-31 1.BABA 2.ZTO 3.G81477 4.BIDU
2018-09-30	4	$645.1M	10	1BABA 2ZTO3G81477 Top holdings2018-09-30 1.BABA 2.ZTO 3.G81477 4.BIDU
2018-06-30	4	$710.8M	11	1BABA2G814773ZTO Top holdings2018-06-30 1.BABA 2.G81477 3.ZTO 4.BIDU
2018-03-31	6	$750.3M	24	1BABA2G814773BIDU Top holdings2018-03-31 1.BABA 2.G81477 3.BIDU 4.ZTO 5.BZUN 6.NTES
2017-12-31	8	$734.9M	28	1BABA 2BIDU 3ZTO Top holdings2017-12-31 1.BABA 2.BIDU 3.ZTO 4.G81477 5.JD 6.EDU 7.NTES 8.BZUN
2017-09-30	8	$688.9M	59	1BABA 2ZTO 3BIDU Top holdings2017-09-30 1.BABA 2.ZTO 3.BIDU 4.G81477 5.CTRPUSD 6.NTES 7.EDU 8.BZUN
2017-06-30	8	$434.6M	—	1BABA 2ZTO3G81477 Top holdings2017-06-30 1.BABA 2.ZTO 3.G81477 4.NTES 5.BZUN 6.BIDU 7.EDU 8.WB

Holding changes this quarter

Green Court Capital Management Ltd's most significant position changes for 2026-03-31: New buy: Atour Lifestyle Holdings-adr (ATAT); Trim: Tencent Music Entertainm-adr (TME) — shares -70.30%; Add: Trip.com Group Ltd-adr (TCOM) — shares +16.29%; Trim: New Oriental Educatio-sp Adr (EDU) — shares -32.03%; Trim: Pdd Holdings INC (PDD) — shares -50.92%.

Position changes disclosed by Green Court Capital Management 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	TCOM	Trip.com Group Ltd-adr	+11.4%	+16.29%	Add
2	EDU	New Oriental Educatio-sp Adr	+6.9%	-32.03%	Trim
3	PDD	Pdd Holdings INC	+1.5%	-50.92%	Trim
4	TME	Tencent Music Entertainm-adr	-26.8%	-70.30%	Trim
5	ATAT	Atour Lifestyle Holdings-adr	—	NEW	New buy

FAQ

What is Green Court Capital Management Ltd and what type of investor is it?

Green Court Capital Management 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 $108.1M, spread across 5 disclosed positions.

What are Green Court Capital Management Ltd's largest equity positions?

Based on the latest 13F filing, Green Court Capital Management Ltd's top holdings by market value are: 1. Pdd Holdings INC (PDD) — $43.0M (39.8%) 2. Trip.com Group Ltd-adr (TCOM) — $24.7M (22.8%) 3. New Oriental Educatio-sp Adr (EDU) — $16.6M (15.4%) 4. Tencent Music Entertainm-adr (TME) — $16.2M (15.0%) 5. Atour Lifestyle Holdings-adr (ATAT) — $7.6M (7.0%)

What changes did Green Court Capital Management Ltd make in its most recent portfolio filing?

In the latest reported quarter, Green Court Capital Management Ltd made 5 notable position adjustments: 1 new positions were initiated, 1 existing holdings were added to, 3 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Atour Lifestyle Holdings-adr (ATAT); Trim: Tencent Music Entertainm-adr (TME) — shares -70.30%; Add: Trip.com Group Ltd-adr (TCOM) — shares +16.29%; Trim: New Oriental Educatio-sp Adr (EDU) — shares -32.03%; Trim: Pdd Holdings INC (PDD) — shares -50.92%

What sectors does Green Court Capital Management Ltd focus on?

Green Court Capital Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 67.3% • Consumer Staples: 16.5% • Communication Services: 16.2%

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First Beijing Investment Ltd

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View detail

Green Court Capital Management Ltd — Quarterly 13F Portfolio Report

High-turnover traderConcentrated strategySector-focused

Total reported value

$108.1M

Reporting period: 2026-03-31 · Number of holdings: 5

Green Court Capital Management Ltd disclosed 5 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $108.1M and a quarterly turnover rate of 90.8%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "G"

Personality snowflake

Concentration: 100
Portfolio Stability: 90.8
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 10
Sizing Uniformity: 93.81

Recent moves

Trim TME
-70.3%　-$92.5M
Add TCOM
+16.3%　-$5.1M
Add EDU
-32.0%　-$5.5M
Add PDD
-50.9%　-$56.5M
New buy ATAT

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	PDD	Pdd Holdings INC	Stock-Consumer Disc	39.76%	+1.51%	-50.92%
2	TCOM	Trip.com Group Ltd-adr	Stock-Consumer Disc	22.83%	+11.37%	+16.29%
3	EDU	New Oriental Educatio-sp Adr	Stock-Consumer Staples	15.37%	+6.88%	-32.03%
4	TME	Tencent Music Entertainm-adr	Stock-Comm Services	15.03%	-26.78%	-70.30%
5	ATAT	Atour Lifestyle Holdings-adr	Stock-Other	7.01%	+7.01%	NEW

Portfolio Performance

Performance for Q3 2026

-13.1%

Performance Last 4 Quarters

-41.5%

Based on 85% of reported portfolio value with available pricing

Stdev: +37.9%
Beta: +0.66
Alpha: -29.4%
Max Drawdown: -49.7%
Annualized Perf: -19.6%
Batting Avg vs S&P: +29.4%
Sortino: -0.58
Stutzer: -0.12
Treynor: -0.23
Sterling: -0.33
Calmar: -0.4
Information Ratio: -0.99
Tracking Error: +37.3%
Stdev Down: +25.9%
Winning Months %: +47.1%
Losing Months %: +52.9%
Best 12 Months: +2.3%
Worst 12 Months: -41.3%
Efficiency Ratio: +0.18
Sharpe: -0.4
Stdev Sectors: +24%
Skewness: +0.78
Kurtosis: +0.29
Upside Potential: +1.68

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	5	$108.1M	91	1PDD 2TCOM 3EDU Top holdings2026-03-31 1.PDD 2.TCOM 3.EDU 4.TME 5.ATAT
2025-12-31	4	$260.1M	54	1TME 2PDD 3TCOM Top holdings2025-12-31 1.TME 2.PDD 3.TCOM 4.EDU
2025-09-30	4	$219.9M	100	1PDD 2TCOM 3TME Top holdings2025-09-30 1.PDD 2.TCOM 3.TME 4.EDU
2025-06-30	4	$151.2M	0	1PDD 2EDU 3TCOM Top holdings2025-06-30 1.PDD 2.EDU 3.TCOM 4.TME
2025-03-31	3	$169.5M	100	1ZTO 2TCOM 3EDU Top holdings2025-03-31 1.ZTO 2.TCOM 3.EDU
2024-12-31	3	$151.3M	0	1ZTO 2TCOM 3EDU Top holdings2024-12-31 1.ZTO 2.TCOM 3.EDU
2024-09-30	2	$274.7M	0	1ZTO 2TCOM Top holdings2024-09-30 1.ZTO 2.TCOM
2024-06-30	2	$154.3M	0	1TCOM 2ZTO Top holdings2024-06-30 1.TCOM 2.ZTO
2024-03-31	2	$250.7M	0	1TCOM 2ZTO Top holdings2024-03-31 1.TCOM 2.ZTO
2023-12-31	2	$336.3M	0	1ZTO 2TCOM Top holdings2023-12-31 1.ZTO 2.TCOM
2023-09-30	3	$282.2M	0	1ZTO 2TCOM344332N Top holdings2023-09-30 1.ZTO 2.TCOM 3.44332N
2023-06-30	2	$230.9M	0	1ZTO 2HTHT Top holdings2023-06-30 1.ZTO 2.HTHT
2023-03-31	2	$349.7M	0	1ZTO 2HTHT Top holdings2023-03-31 1.ZTO 2.HTHT
2022-12-31	1	$275.5M	0	1ZTO Top holdings2022-12-31 1.ZTO
2022-09-30	1	$233.9M	0	1ZTO Top holdings2022-09-30 1.ZTO
2022-06-30	2	$221.3M	0	1ZTO 2ACMR Top holdings2022-06-30 1.ZTO 2.ACMR
2022-03-31	2	$177.5M	0	1ZTO 2ACMR Top holdings2022-03-31 1.ZTO 2.ACMR
2021-12-31	2	$92.4M	0	1ACMR 2YMM Top holdings2021-12-31 1.ACMR 2.YMM
2021-09-30	2	$114.4M	0	1ACMR 2YMM Top holdings2021-09-30 1.ACMR 2.YMM
2021-06-30	1	—	100
2021-03-31	1	$3.2M	100	1EDU Top holdings2021-03-31 1.EDU
2020-12-31	1	—	100
2020-09-30	1	$13.2M	100	1EDU Top holdings2020-09-30 1.EDU
2020-06-30	3	$148.1M	100	1EDU 2ZTO 3ACMR Top holdings2020-06-30 1.EDU 2.ZTO 3.ACMR
2020-03-31	5	$863.6M	21	1BABA 2ZTO 3EDU Top holdings2020-03-31 1.BABA 2.ZTO 3.EDU 4.ACMR 5.BILI
2019-12-31	5	$990.3M	27	1BABA 2ZTO 3BZUN Top holdings2019-12-31 1.BABA 2.ZTO 3.BZUN 4.EDU 5.HTHT
2019-09-30	6	$848.5M	13	1BABA 2ZTO 3BZUN Top holdings2019-09-30 1.BABA 2.ZTO 3.BZUN 4.HTHT 5.YUMC 6.EDU
2019-06-30	6	$837.3M	24	1BABA 2ZTO 3BZUN Top holdings2019-06-30 1.BABA 2.ZTO 3.BZUN 4.G81477 5.HTHT 6.EDU
2019-03-31	4	$671.9M	47	1BABA 2ZTO3G81477 Top holdings2019-03-31 1.BABA 2.ZTO 3.G81477 4.EDU
2018-12-31	4	$575.2M	11	1BABA 2ZTO3G81477 Top holdings2018-12-31 1.BABA 2.ZTO 3.G81477 4.BIDU
2018-09-30	4	$645.1M	10	1BABA 2ZTO3G81477 Top holdings2018-09-30 1.BABA 2.ZTO 3.G81477 4.BIDU
2018-06-30	4	$710.8M	11	1BABA2G814773ZTO Top holdings2018-06-30 1.BABA 2.G81477 3.ZTO 4.BIDU
2018-03-31	6	$750.3M	24	1BABA2G814773BIDU Top holdings2018-03-31 1.BABA 2.G81477 3.BIDU 4.ZTO 5.BZUN 6.NTES
2017-12-31	8	$734.9M	28	1BABA 2BIDU 3ZTO Top holdings2017-12-31 1.BABA 2.BIDU 3.ZTO 4.G81477 5.JD 6.EDU 7.NTES 8.BZUN
2017-09-30	8	$688.9M	59	1BABA 2ZTO 3BIDU Top holdings2017-09-30 1.BABA 2.ZTO 3.BIDU 4.G81477 5.CTRPUSD 6.NTES 7.EDU 8.BZUN
2017-06-30	8	$434.6M	—	1BABA 2ZTO3G81477 Top holdings2017-06-30 1.BABA 2.ZTO 3.G81477 4.NTES 5.BZUN 6.BIDU 7.EDU 8.WB

Holding changes this quarter

Position changes disclosed by Green Court Capital Management 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	TCOM	Trip.com Group Ltd-adr	+11.4%	+16.29%	Add
2	EDU	New Oriental Educatio-sp Adr	+6.9%	-32.03%	Trim
3	PDD	Pdd Holdings INC	+1.5%	-50.92%	Trim
4	TME	Tencent Music Entertainm-adr	-26.8%	-70.30%	Trim
5	ATAT	Atour Lifestyle Holdings-adr	—	NEW	New buy