Greenwoods Asset Management Ltd

CIK

1577133

Location

GRAND CAYMAN, KY1-1111, E9

Portfolio Value

Mid $4,181,292,031

Diversification

Diversified

Filing Date

Global Rank

#514 / 5,890 ▲ 56 · as of Dec 2020

Top Industry

Internet Retail 44.4%

3Y Alpha vs SPY

-3.9%

Period ended 5 years ago

Filed Feb 12, 2021 · 5y

4 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+60.0%

SPY

+76.5%

Annualised alpha

-3.9%

Max drawdown

−26.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

34 positions · as of Dec 31, 2020 · Δ vs Sep 30, 2020

Top Position

27.2%

+9.1 pts

Top 5

63.6%

−2.7 pts

Top 10

87.0%

−3.1 pts

HHI

1,212

Diversified+135

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2020

Sector	% Portfolio	Value	Positions
Consumer Cyclical	45.5%	$1,902,098,718	8
Communication Services	19.9%	$832,653,862	5
Technology	15.8%	$659,144,977	11
Industrials	9.5%	$398,478,202	2
Consumer Defensive	6.0%	$250,160,716	2
Real Estate	1.3%	$53,703,188	1
Healthcare	1.2%	$48,180,579	3
Basic Materials	0.7%	$29,319,600	1
Financial Services	0.2%	$7,552,189	1

Last Quarter's Activity

Export CSV

Dec 31, 2020 vs Sep 30, 2020

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
PDD	PDD Holdings Inc.	+3,115,197	6,403,552	$1,137,719,083
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+2,342,270	2,615,770	$285,223,560
NTES	NetEase, Inc.	+1,561,056	1,951,320	$186,877,916
TAL	TAL Education Group	+1,247,105	3,312,033	$236,843,479
AAPL	Apple Inc.	+1,200,420	1,759,205	$233,428,911
BILI	Bilibili Inc.	+293,900	1,812,258	$155,346,755
BIDU	Baidu, Inc.	+287,424	338,582	$73,214,971
BEKE	KE Holdings Inc.	+168,895	872,655	$53,703,188
SE	Sea Ltd	+56,680	2,129,532	$423,883,344
JKS	JinkoSolar Holding Co., Ltd.	+55,250	66,650	$4,123,635
VNET	VNET Group, Inc.	+12,500	57,913	$2,009,001
DQ	Daqo New Energy Corp.	+7,680	39,690	$2,276,618
NVDA	Nvidia Corp	+3,340	7,282	$95,066
NOW	ServiceNow, Inc.	+2,030	8,421	$927,034
GOOGL	Alphabet Inc.	+144	20,860	$1,828,003
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
VIPS	Vipshop Holdings Ltd	−3,130,475	5,862,984	$164,808,480
JD	JD.com, Inc.	−2,191,041	465,537	$40,920,702
ZTO	ZTO Express (Cayman) Inc.	−1,689,506	13,588,116	$396,229,462
BABA	Alibaba Group Holding Ltd	−842,348	380,421	$88,535,379
UBER	Uber Technologies, Inc	−486,030	155,072	$7,908,672
META	Meta Platforms, Inc.	−467,400	1,520,670	$415,386,217
DAO	Youdao, Inc.	−390,205	501,969	$13,317,237
SY	So-Young International Inc.	−227,144	3,597,080	$39,963,558
MSFT	Microsoft Corp	−12,959	532,051	$118,338,783
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
TSLA	Tesla, Inc.	183,980	$43,276,382
ALB	Albemarle Corp	198,750	$29,319,600
XYZ	Block, Inc.	17,300	$3,765,172
BLDP	Ballard Power Systems Inc.	96,100	$2,248,740
ABNB	Airbnb, Inc.	10,300	$1,512,040
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
WYNN	Wynn Resorts Ltd	9,239	$663,452
ZM	Zoom Communications, Inc.	1,018	$478,571
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

34 positions · $4,181,292,031 total · as of Dec 31, 2020

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PDD	PDD Holdings Inc. Consumer Cyclical	Added	6,403,552	+3,115,197	$1,137,719,083	+366.6%	27.21%
SE	Sea Ltd Consumer Cyclical	Added	2,129,532	+56,680	$423,883,344	+32.8%	10.14%
META	Meta Platforms, Inc. Communication Services	Reduced	1,520,670	-467,400	$415,386,217	−20.2%	9.93%
ZTO	ZTO Express (Cayman) Inc. Industrials	Reduced	13,588,116	-1,689,506	$396,229,462	−13.3%	9.48%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	2,615,770	+2,342,270	$285,223,560	+1186.4%	6.82%
TAL	TAL Education Group Consumer Defensive	Added	3,312,033	+1,247,105	$236,843,479	+50.8%	5.66%
AAPL	Apple Inc. Technology	Added	1,759,205	+1,200,420	$233,428,911	+260.7%	5.58%
NTES	NetEase, Inc. Communication Services	Added	1,951,320	+1,561,056	$186,877,916	+426.6%	4.47%
VIPS	Vipshop Holdings Ltd Consumer Cyclical	Reduced	5,862,984	-3,130,475	$164,808,480	+17.2%	3.94%
BILI	Bilibili Inc. Communication Services	Added	1,812,258	+293,900	$155,346,755	+145.9%	3.72%
MSFT	Microsoft Corp Technology	Reduced	532,051	-12,959	$118,338,783	+3.2%	2.83%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	380,421	-842,348	$88,535,379	−75.4%	2.12%
BIDU	Baidu, Inc. Communication Services	Added	338,582	+287,424	$73,214,971	+1030.5%	1.75%
BEKE	KE Holdings Inc. Real Estate	Added	872,655	+168,895	$53,703,188	+24.5%	1.28%
TSLA	Tesla, Inc. Consumer Cyclical	NEW	183,980	NEW	$43,276,382	NEW	1.04%
JD	JD.com, Inc. Consumer Cyclical	Reduced	465,537	-2,191,041	$40,920,702	−80.2%	0.98%
SY	So-Young International Inc. Healthcare	Reduced	3,597,080	-227,144	$39,963,558	−16.3%	0.96%
ALB	Albemarle Corp Basic Materials	NEW	198,750	NEW	$29,319,600	NEW	0.70%
DAO	Youdao, Inc. Consumer Defensive	Reduced	501,969	-390,205	$13,317,237	−42.2%	0.32%
UBER	Uber Technologies, Inc Technology	Reduced	155,072	-486,030	$7,908,672	−66.2%	0.19%
HTT	High Templar Tech Ltd Financial Services	Held	5,472,601	0	$7,552,189	+11.3%	0.18%
ZLAB	Zai Lab Ltd Healthcare	Held	37,015	0	$5,009,610	+62.7%	0.12%
JKS	JinkoSolar Holding Co., Ltd. Technology	Added	66,650	+55,250	$4,123,635	+809.8%	0.10%
XYZ	Block, Inc. Technology	NEW	17,300	NEW	$3,765,172	NEW	0.09%
HCM	HUTCHMED (China) Ltd Healthcare	Held	100,169	0	$3,207,411	−0.9%	0.08%
DQ	Daqo New Energy Corp. Technology	Added	39,690	+7,680	$2,276,618	+162.9%	0.05%
BLDP	Ballard Power Systems Inc. Industrials	NEW	96,100	NEW	$2,248,740	NEW	0.05%
VNET	VNET Group, Inc. Technology	Added	57,913	+12,500	$2,009,001	+91.0%	0.05%
GOOGL	Alphabet Inc. Communication Services	Added	20,860	+144	$1,828,003	+20.4%	0.04%
ABNB	Airbnb, Inc. Consumer Cyclical	NEW	10,300	NEW	$1,512,040	NEW	0.04%
AMZN	Amazon Com Inc Consumer Cyclical	Held	8,863	0	$1,443,308	+3.4%	0.03%
SHOP	Shopify Inc. Technology	Held	9,263	0	$1,048,525	+10.7%	0.03%
NOW	ServiceNow, Inc. Technology	Added	8,421	+2,030	$927,034	+49.5%	0.02%
NVDA	Nvidia Corp Technology	Added	7,282	+3,340	$95,066	+78.2%	0.00%