Green Court Capital Management Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Green Court Capital Management Ltd reported 3 stock positions worth $169.5 million. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 42.4% of the portfolio, followed by Trip.com Group Ltd.-ADR (TCOM, 30.0%) and New Oriental Educatio-SP ADR (EDU, 27.6%). Compared with Q4 2024, it added to 2 and reduced 1. The biggest buy was New Oriental Educatio-SP ADR (EDU, shares +197%) and the biggest sale Zto Express Cayman Inc.-ADR (ZTO, shares −29%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001710785
Portfolio Value
$169.5M (Q1 2025)
SEC Filing
0001710785-25-000006 ↗ filed May 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $250.7M Q1 2024 Q2 2024: $154.3M Q2 2024 Q3 2024: $274.7M Q3 2024 Q4 2024: $151.3M Q4 2024 Q1 2025: $169.5M $169.5M Q1 2025 Q2 2025: $151.2M Q2 2025 Q3 2025: $219.9M Q3 2025 Q4 2025: $260.1M Q4 2025 Q1 2026: $108.1M Q1 2026 Q2 2026: $117.0M Q2 2026

Holdings 3 stocks · $169.5M
ZTO Zto Express Cayman Inc.-ADR 42.37% 3,619,480 $71.8M Reduce -29.1%
TCOM Trip.com Group Ltd.-ADR 30.03% 800,600 $50.9M Add +81.3%
EDU New Oriental Educatio-SP ADR 27.60% 978,446 $46.8M Add +196.9%

Portfolio Sells Q4 2024 → Q1 2025
ZTO Zto Express Cayman Inc.-ADR Reduce -29.1% 42.37% −23.61

Portfolio Buys Q4 2024 → Q1 2025
EDU New Oriental Educatio-SP ADR Add +196.9% 27.60% +13.62
TCOM Trip.com Group Ltd.-ADR Add +81.3% 30.03% +9.99

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$117.0MPDD, ATAT, TCOM
Q1 2026 5$108.1MPDD, TCOM, EDU, TME, ATAT
Q4 2025 4$260.1MTME, PDD, TCOM, EDU
Q3 2025 4$219.9MPDD, TCOM, TME, EDU
Q2 2025 4$151.2MPDD, EDU, TCOM, TME
Q1 2025 3$169.5MZTO, TCOM, EDU
Q4 2024 3$151.3MZTO, TCOM, EDU
Q3 2024 2$274.7MZTO, TCOM
Q2 2024 2$154.3MTCOM, ZTO
Q1 2024 2$250.7MTCOM, ZTO