Greenwoods Asset Management Hong Kong Ltd.

CIK

1848138

Location

HONG KONG, K3

Portfolio Value

Mid $3,878,030,243

Diversification

Diversified

Filing Date

Global Rank

#632 / 8,232 ▲ 42

Top Industry

Internet Content & Information 29.7%

3Y Alpha vs SPY

+3.4%

Period ended 2 months ago

Filed May 8, 2026 · 37d

21 quarters · since Mar 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+91.6%

SPY

+76.3%

Annualised alpha

+3.4%

Max drawdown

−24.9%

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

25 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

21.7%

+0.8 pts

Top 5

61.1%

−5.8 pts

Top 10

84.6%

+1.6 pts

HHI

1,026

Diversified−56

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Communication Services	38.9%	$1,507,150,199	3
Consumer Cyclical	29.9%	$1,158,743,144	10
Technology	23.1%	$895,011,629	7
Financial Services	4.6%	$178,804,656	2
Consumer Defensive	2.7%	$103,060,033	2
Healthcare	0.9%	$35,260,582	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
YMM	Full Truck Alliance Co. Ltd.	+12,359,640	40,957,519	$339,947,407
INTC	Intel Corp	+4,332,836	6,923,236	$305,522,404
PDD	PDD Holdings Inc.	+1,135,534	5,103,804	$521,506,692
ATAT	Atour Lifestyle Holdings Ltd	+301,000	2,591,136	$95,379,716
GOOGL	Alphabet Inc.	+231,634	2,921,634	$840,145,073
HTHT	H World Group Ltd	+220,359	1,063,181	$53,467,371
SE	Sea Ltd	+163,901	488,048	$40,415,254
MMYT	MakeMyTrip Ltd	+131,657	388,557	$14,489,290
AAPL	Apple Inc.	+35,264	248,368	$63,033,314
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
META	Meta Platforms, Inc.	−455,219	541,689	$309,916,527
TAL	TAL Education Group	−148,363	2,448,817	$27,843,049
BABA	Alibaba Group Holding Ltd	−140,400	703,009	$88,199,508
FUTU	Futu Holdings Ltd	−139,473	996,348	$136,260,552
NVDA	Nvidia Corp	−75,159	762,748	$133,023,251
NTES	NetEase, Inc.	−22,200	3,190,000	$357,088,599
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−6,774	83,052	$28,067,423
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
AMZN	Amazon Com Inc	1,004,700	$209,248,869
TCOM	Trip.com Group Ltd	2,604,281	$129,667,150
LITE	Lumentum Holdings Inc.	10,822	$7,605,268
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
AVGO	Broadcom Inc.	245,800	$85,071,380
SNPS	Synopsys Inc	163,661	$76,874,844
NBIS	Nebius Group N.V.	638,103	$53,412,411
BEKE	KE Holdings Inc.	1,793,195	$28,260,752
JKS	JinkoSolar Holding Co., Ltd.	780,933	$20,155,880
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

25 positions · $3,878,030,243 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Added	2,921,634	+231,634	$840,145,073	−0.2%	21.66%
PDD	PDD Holdings Inc. Consumer Cyclical	Added	5,103,804	+1,135,534	$521,506,692	+15.9%	13.45%
NTES	NetEase, Inc. Communication Services	Reduced	3,190,000	-22,200	$357,088,599	−19.2%	9.21%
YMM	Full Truck Alliance Co. Ltd. Technology	Added	40,957,519	+12,359,640	$339,947,407	+10.8%	8.77%
META	Meta Platforms, Inc. Communication Services	Reduced	541,689	-455,219	$309,916,527	−52.9%	7.99%
INTC	Intel Corp Technology	Added	6,923,236	+4,332,836	$305,522,404	+219.6%	7.88%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	1,004,700	NEW	$209,248,869	NEW	5.40%
FUTU	Futu Holdings Ltd Financial Services	Reduced	996,348	-139,473	$136,260,552	−26.9%	3.51%
NVDA	Nvidia Corp Technology	Reduced	762,748	-75,159	$133,023,251	−14.9%	3.43%
TCOM	Trip.com Group Ltd Consumer Cyclical	NEW	2,604,281	NEW	$129,667,150	NEW	3.34%
ATAT	Atour Lifestyle Holdings Ltd Consumer Cyclical	Added	2,591,136	+301,000	$95,379,716	+5.7%	2.46%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	703,009	-140,400	$88,199,508	−28.7%	2.27%
EDU	New Oriental Education & Technology Group Inc. Consumer Defensive	Held	1,328,218	0	$75,216,984	+2.9%	1.94%
AAPL	Apple Inc. Technology	Added	248,368	+35,264	$63,033,314	+8.8%	1.63%
HTHT	H World Group Ltd Consumer Cyclical	Added	1,063,181	+220,359	$53,467,371	+34.8%	1.38%
QFIN	Qfin Holdings, Inc. Financial Services	Held	3,295,438	0	$42,544,104	−33.0%	1.10%
SE	Sea Ltd Consumer Cyclical	Added	488,048	+163,901	$40,415,254	−2.3%	1.04%
UNH	Unitedhealth Group Inc Healthcare	Held	130,310	0	$35,260,582	−18.0%	0.91%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	83,052	-6,774	$28,067,423	+2.8%	0.72%
TAL	TAL Education Group Consumer Defensive	Reduced	2,448,817	-148,363	$27,843,049	−1.7%	0.72%
WRD	WeRide Inc. Technology	Held	2,201,800	0	$17,812,562	−6.8%	0.46%
MMYT	MakeMyTrip Ltd Consumer Cyclical	Added	388,557	+131,657	$14,489,290	−31.3%	0.37%
LITE	Lumentum Holdings Inc. Technology	NEW	10,822	NEW	$7,605,268	NEW	0.20%
HDL	Super Hi International Holding Ltd. Consumer Cyclical	Held	268,341	0	$3,907,044	−9.3%	0.10%
RERE	ATRenew Inc. Consumer Cyclical	Held	525,000	0	$2,462,250	−11.5%	0.06%