Green Court Capital Management Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Green Court Capital Management Ltd reported 4 stock positions worth $151.2 million. Its top holding was PDD (PDD) at 52.0% of the portfolio, followed by New Oriental Educatio-SP ADR (EDU, 30.9%) and Trip.com Group Ltd.-ADR (TCOM, 10.2%). Compared with Q1 2025, it opened 2 new positions, sold out of 1 and reduced 2. The biggest buy was a new position in PDD (PDD) and the biggest sale an exit from Zto Express Cayman Inc.-ADR (ZTO).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001710785
Portfolio Value
$151.2M (Q2 2025)
SEC Filing
0001710785-25-000010 ↗ filed Aug 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 Q1 2025 Q2 2025: $151.2M $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 4 stocks · $151.2M
PDD PDD Holdings Inc. 52.01% 745,600 $78.7M New
EDU New Oriental Educatio-SP ADR 30.90% 868,421 $46.7M Reduce -11.2%
TCOM Trip.com Group Ltd.-ADR 10.24% 262,689 $15.5M Reduce -67.2%
TME Tencent Music Entertainm-ADR 6.84% 538,000 $10.4M New

Portfolio Sells Q1 2025 → Q2 2025
ZTO Zto Express Cayman Inc.-ADR Sold out 0.00% −42.37
TCOM Trip.com Group Ltd.-ADR Reduce -67.2% 10.24% −19.79
EDU New Oriental Educatio-SP ADR Reduce -11.2% 30.90% +3.30

Portfolio Buys Q1 2025 → Q2 2025
PDD PDD Holdings Inc. New 52.01% +52.01
TME Tencent Music Entertainm-ADR New 6.84% +6.84

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