Institutional Manager · CIK 0001848138
Greenwoods Asset Management Hong Kong Ltd.
HONG KONG, K3 · File #028-21211
Latest AUM
$4.04B
Positions
38
Top-10 Concentration
78.7%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ALPHABET INC | GOOG | +929,680 | +$291.0M | +$123.0M |
| REDUCE | NVIDIA CORPORATION | NVDA | -1,540,850 | -$287.4M | -$190,299 |
| REDUCE | META PLATFORMS INC | META | -229,056 | -$151.2M | -$91.1M |
| NEW | BROADCOM INC | AVGO | +245,800 | +$85.1M | $0 |
| REDUCE | SPDR SERIES TRUST | 78464A870 | -486,750 | -$59.3M | +$12.1M |
| REDUCE | NEBIUS GROUP N.V. | NBIS | -638,200 | -$53.4M | -$36.5M |
| ADD | INTEL CORP | INTC | +694,363 | +$25.6M | +$6.4M |
| EXITED | UBER TECHNOLOGIES INC | 90353T100 | -244,670 | -$24.0M | $0 |
| ADD | FUTU HLDGS LTD | FUTU | +139,473 | +$22.9M | -$9.7M |
| ADD | PDD HOLDINGS INC | PDD | +147,000 | +$16.7M | -$8.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202538 pos · $4.04B
- 13F HOLDINGS REPORTQ/E Sep 202539 pos · $4.44B
- 13F HOLDINGS REPORTQ/E Jun 202536 pos · $2.87B
- 13F HOLDINGS REPORTQ/E Mar 202540 pos · $3.23B
- 13F HOLDINGS REPORTQ/E Dec 202444 pos · $3.17B
- 13F HOLDINGS REPORTQ/E Sep 202445 pos · $3.15B
- 13F HOLDINGS REPORTQ/E Jun 202451 pos · $3.79B
- 13F HOLDINGS REPORTQ/E Mar 202456 pos · $3.23B
- 13F HOLDINGS REPORTQ/E Dec 202349 pos · $2.55B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 2,690,000 | $842.0M | 20.82% |
| 2 | META PLATFORMS INC | META | 996,908 | $658.0M | 16.27% |
| 3 | NETEASE INC | NETTF | 2,967,433 | $408.4M | 10.10% |
| 4 | PDD HOLDINGS INC | PDD | 3,367,295 | $381.8M | 9.44% |
| 5 | FULL TRUCK ALLIANCE CO LTD | YMM | 25,472,967 | $273.3M | 6.76% |
| 6 | FUTU HLDGS LTD | FUTU | 1,135,821 | $186.5M | 4.61% |
| 7 | NVIDIA CORPORATION | NVDA | 837,907 | $156.3M | 3.86% |
| 8 | INTEL CORP | INTC | 2,590,400 | $95.6M | 2.36% |
| 9 | ALIBABA GROUP HLDG LTD | BBAAY | 643,104 | $94.3M | 2.33% |
| 10 | BROADCOM INC | AVGO | 245,800 | $85.1M | 2.10% |
| 11 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 1,988,136 | $78.3M | 1.94% |
| 12 | SYNOPSYS INC | SNPS | 163,661 | $76.9M | 1.90% |
| 13 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 1,301,234 | $71.6M | 1.77% |
| 14 | PDD HOLDINGS INC | PDD | 600,975 | $68.1M | 1.68% |
| 15 | APPLE INC | AAPL | 213,104 | $57.9M | 1.43% |
| 16 | NEBIUS GROUP N.V. | NBIS | 638,103 | $53.4M | 1.32% |
| 17 | QFIN HOLDINGS INC | QFNHF | 2,739,274 | $52.8M | 1.31% |
| 18 | UNITEDHEALTH GROUP INC | UNH | 130,310 | $43.0M | 1.06% |
| 19 | SEA LTD | SE | 324,147 | $41.4M | 1.02% |
| 20 | NETEASE INC | NETTF | 244,767 | $33.7M | 0.83% |