GA
Greenwoods Asset Management Ltd
Sector-focusedMomentum followerHigh-turnover trader
Total reported value
$4.4B
Reporting period: 2020-12-31 · Number of holdings: 39
Greenwoods Asset Management Ltd disclosed 39 holdings in its latest 13F filing for the period ending 2020-12-31, with total reported value of $4.4B and a quarterly turnover rate of 77.9%.
Personality snowflake
- Concentration
- 45.06
- Portfolio Stability
- 77.92
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 78
- Sizing Uniformity
- 81.34
Recent moves
Trim BABA
-87.5% -$569.5M
Add PDD
+4.3% $610.9M
Trim JD
-92.2% -$317.4M
Add SE
+33.7% $253.1M
Trim META
-17.5% -$3.3M
Add TSLA
+342.5% $84.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings INC | Stock-Consumer Disc | 26.13% | +11.34% | +4.34% | |
| 2 | SE | Sea Ltd-adr | Stock-Comm Services | 9.74% | +4.95% | +33.70% | |
| 3 | META | Meta Platforms Inc-class A | Stock-Comm Services | 9.54% | -2.21% | -17.52% | |
| 4 | ZTO | Zto Express Cayman Inc-adr | Stock-Other | 9.10% | -1.53% | +31.74% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 6.55% | +6.55% | NEW | |
| 6 | TAL | Tal Education Group- Adr | Stock-Consumer Staples | 5.44% | +0.55% | +30.14% | |
| 7 | AAPL | Apple INC | Stock-Tech | 5.36% | +5.36% | NEW | |
| 8 | NTES | Netease Inc-adr | Stock-Comm Services | 4.29% | +1.00% | +615.05% | |
| 9 | VIPS | Vipshop Holdings LTD - Adr | Stock-Consumer Disc | 3.79% | -0.64% | -25.98% | |
| 10 | BILI | Bilibili Inc-sponsored Adr | Stock-Other | 3.57% | +0.80% | -14.85% | |
| 11 | TSLA | Tesla INC | Stock-Consumer Disc | 2.98% | +1.72% | +342.45% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 2.72% | -0.50% | -5.62% | |
| 13 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 2.03% | -16.44% | -87.53% | |
| 14 | BIDU | Baidu INC - Spon Adr | Stock-Comm Services | 1.68% | +1.47% | +440.65% | |
| 15 | BEKE | Ke Holdings Inc-adr | Stock-Other | 1.23% | +1.23% | NEW | |
| 16 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 0.94% | -9.12% | -92.18% | |
| 17 | SY | So-young International-adr | Stock-Other | 0.92% | +0.90% | +8995.02% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.84% | — | -1.39% | |
| 19 | ALB | Albemarle CORP | Stock-Materials | 0.67% | +0.67% | NEW | |
| 20 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.66% | +0.62% | +1785.74% | |
| 21 | DAO | Youdao INC - Adr | Stock-Other | 0.31% | -0.77% | -51.12% | |
| 22 | SHOP | Shopify INC - Class A | Stock-Tech | 0.24% | +0.24% | NEW | |
| 23 | UBER | Uber Technologies INC | Stock-Industrials | 0.18% | +0.01% | -18.47% | |
| 24 | HTT | High Templar Tech Limited | Stock-Other | 0.17% | -0.09% | — | |
| 25 | ZLAB | Zai Lab Ltd-adr | Stock-Other | 0.12% | -0.06% | -52.77% | |
| 26 | NOW | Servicenow INC | Stock-Tech | 0.11% | +0.02% | +4.54% | |
| 27 | JKS | Jinkosolar Holding Co-adr | Stock-Other | 0.09% | +0.09% | NEW | |
| 28 | NVDA | Nvidia CORP | Stock-Tech | 0.09% | — | -28.61% | |
| 29 | XYZ | Block INC | Stock-Financials | 0.09% | +0.09% | NEW | |
| 30 | ✓ | 111 INC | Stock-Other | 0.08% | -0.01% | — | |
| 31 | HCM | Hutchmed China-adr | Stock-Other | 0.07% | -0.37% | -82.49% | |
| 32 | DQ | Daqo New Energy Corp-adr | Stock-Other | 0.05% | -0.02% | +22.18% | |
| 33 | BLDP | Ballard Power Systems INC | Stock-Other | 0.05% | +0.05% | NEW | |
| 34 | AYXEUR | Alteryx INC - Class A | Stock-Other | 0.05% | +0.05% | NEW | |
| 35 | VNET | Vnet Group Inc-adr | Stock-Other | 0.05% | +0.05% | NEW | |
| 36 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 0.03% | +0.03% | NEW | |
| 37 | XYFUSD | X Financial-adr | Stock-Other | 0.01% | -0.01% | -66.67% | |
| 38 | ✓ | Cree INC | Stock-Other | 0.01% | +0.01% | NEW | |
| 39 | ✓ | Concord Med Svcs Hldgs LTD Spon Adr New | Stock-Other | 0.01% | — | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2020-12-31 | 39 | $4.4B | 78 | |
| 2020-09-30 | 39 | $3.6B | 0 | |
| 2020-06-30 | 39 | $3.6B | 63 | |
| 2020-03-31 | 41 | $2.3B | 39 | |
| 2019-12-31 | 30 | $1.8B | 30 | |
| 2019-09-30 | 30 | $1.6B | 32 | |
| 2019-06-30 | 25 | $1.5B | 25 | |
| 2019-03-31 | 22 | $1.6B | 46 | |
| 2018-12-31 | 25 | $1.1B | 37 | |
| 2018-09-30 | 19 | $1.0B | 23 | |
| 2018-06-30 | 18 | $1.1B | 30 | |
| 2018-03-31 | 23 | $1.2B | 43 | |
| 2017-12-31 | 20 | $1.2B | 49 | |
| 2017-09-30 | 24 | $1.2B | 44 | |
| 2017-06-30 | 23 | $857.0M | 48 | |
| 2017-03-31 | 22 | $935.2M | 61 | |
| 2016-12-31 | 25 | $838.9M | 44 | |
| 2016-09-30 | 26 | $1.1B | 28 | |
| 2016-06-30 | 25 | $902.9M | 47 | |
| 2016-03-31 | 28 | $1.3B | 17 | |
| 2015-12-31 | 28 | $1.2B | 37 | |
| 2015-09-30 | 31 | $1.2B | 0 | 1G814772836034398742U |
Holding changes this quarter
Greenwoods Asset Management Ltd's most significant position changes for 2020-12-31: New buy: Taiwan Semiconductor-sp Adr (TSM); New buy: Apple INC (AAPL); Sold out: New Oriental Education & Technology Group Inc. (EDU); New buy: Ke Holdings Inc-adr (BEKE); New buy: Albemarle CORP (ALB).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PDD | Pdd Holdings INC | +11.3% | +4.34% | Add |
| 2 | SE | Sea Ltd-adr | +5% | +33.70% | Add |
| 3 | TSLA | Tesla INC | +1.7% | +342.45% | Add |
| 4 | BIDU | Baidu INC - Spon Adr | +1.5% | +440.65% | Add |
| 5 | NTES | Netease Inc-adr | +1% | +615.05% | Add |
| 6 | SY | So-young International-adr | +0.9% | +8995.02% | Add |
| 7 | BILI | Bilibili Inc-sponsored Adr | +0.8% | -14.85% | Trim |
| 8 | AMZN | Amazon.com INC | +0.6% | +1785.74% | Add |
| 9 | TAL | Tal Education Group- Adr | +0.6% | +30.14% | Add |
| 10 | NOW | Servicenow INC | 0% | +4.54% | Add |
| 11 | UBER | Uber Technologies INC | 0% | -18.47% | Trim |
| 12 | GOOGL | Alphabet Inc-cl A | — | -1.39% | Trim |
| 13 | ✓ | Concord Med Svcs Hldgs LTD Spon Adr New | — | — | Unchanged |
| 14 | ✓ | 111 INC | 0% | — | Unchanged |
| 15 | XYFUSD | X Financial-adr | 0% | -66.67% | Trim |
| 16 | DQ | Daqo New Energy Corp-adr | 0% | +22.18% | Add |
| 17 | ZLAB | Zai Lab Ltd-adr | -0.1% | -52.77% | Trim |
| 18 | HTT | High Templar Tech Limited | -0.1% | — | Unchanged |
| 19 | HCM | Hutchmed China-adr | -0.4% | -82.49% | Trim |
| 20 | MSFT | Microsoft CORP | -0.5% | -5.62% | Trim |
| 21 | VIPS | Vipshop Holdings LTD - Adr | -0.6% | -25.98% | Trim |
| 22 | DAO | Youdao INC - Adr | -0.8% | -51.12% | Trim |
| 23 | ZTO | Zto Express Cayman Inc-adr | -1.5% | +31.74% | Add |
| 24 | META | Meta Platforms Inc-class A | -2.2% | -17.52% | Trim |
| 25 | JD | Jd.com Inc-adr | -9.1% | -92.18% | Trim |
| 26 | BABA | Alibaba Group Holding-sp Adr | -16.4% | -87.53% | Trim |
| 27 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | New buy |
| 28 | AAPL | Apple INC | — | NEW | New buy |
| 29 | EDU | New Oriental Education & Technology Group Inc. | — | EXIT | Sold out |
| 30 | BEKE | Ke Holdings Inc-adr | — | NEW | New buy |
| 31 | ALB | Albemarle CORP | — | NEW | New buy |
| 32 | IQ | Iqiyi Inc-adr | — | EXIT | Sold out |
| 33 | SHOP | Shopify INC - Class A | — | NEW | New buy |
| 34 | ATNXEUR | Athenex INC | — | EXIT | Sold out |
| 35 | JKS | Jinkosolar Holding Co-adr | — | NEW | New buy |
| 36 | ✓ | Puxin LTD | — | EXIT | Sold out |
| 37 | XYZ | Block INC | — | NEW | New buy |
| 38 | BNR | Burning Rock Biotech Ltd-adr | — | EXIT | Sold out |
| 39 | TCOM | Trip.com Group Ltd-adr | — | EXIT | Sold out |
| 40 | ✓ | Onesmart Intl Ed Group LTD | — | EXIT | Sold out |
| 41 | ACMR | Acm Research Inc-class A | — | EXIT | Sold out |
| 42 | BLDP | Ballard Power Systems INC | — | NEW | New buy |
| 43 | AYXEUR | Alteryx INC - Class A | — | NEW | New buy |
| 44 | VNET | Vnet Group Inc-adr | — | NEW | New buy |
| 45 | ABNB | Airbnb Inc-class A | — | NEW | New buy |
| 46 | ZM | Zoom Communications INC | — | EXIT | Sold out |
| 47 | SYY | Sysco CORP | — | EXIT | Sold out |
| 48 | CRM | Salesforce INC | — | EXIT | Sold out |
| 49 | YUMC | Yum China Holdings INC | — | EXIT | Sold out |
| 50 | ✓ | Cree INC | — | NEW | New buy |
FAQ
What is Greenwoods Asset Management Ltd and what type of investor is it?
Greenwoods Asset 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 (2020-12-31), the firm manages a tracked equity portfolio valued at approximately $4.4B, spread across 39 disclosed positions.
What are Greenwoods Asset Management Ltd's largest equity positions?
Based on the latest 13F filing, Greenwoods Asset Management Ltd's top holdings by market value are:
1. Pdd Holdings INC (PDD) — $1.1B (26.1%)
2. Sea Ltd-adr (SE) — $423.9M (9.7%)
3. Meta Platforms Inc-class A (META) — $415.4M (9.5%)
4. Zto Express Cayman Inc-adr (ZTO) — $396.2M (9.1%)
5. Taiwan Semiconductor-sp Adr (TSM) — $285.2M (6.5%)
What changes did Greenwoods Asset Management Ltd make in its most recent portfolio filing?
In the latest reported quarter, Greenwoods Asset Management Ltd made 47 notable position adjustments: 12 new positions were initiated, 11 existing holdings were added to, 12 positions were partially reduced, and 12 were completely exited. The largest of these moves: New buy: Taiwan Semiconductor-sp Adr (TSM); New buy: Apple INC (AAPL); Sold out: New Oriental Education & Technology Group Inc. (EDU); New buy: Ke Holdings Inc-adr (BEKE); New buy: Albemarle CORP (ALB)
What sectors does Greenwoods Asset Management Ltd focus on?
Greenwoods Asset Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 47.3%
• Communication Services: 29.9%
• Information Technology: 22.4%
• Industrials: 0.3%
• Financials: 0.1%