Green Court Capital Management Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Green Court Capital Management Ltd reported 5 stock positions worth $108.1 million. Its top holding was PDD (PDD) at 39.8% of the portfolio, followed by Trip.com Group Ltd.-ADR (TCOM, 22.8%) and New Oriental Educatio-SP ADR (EDU, 15.4%). Compared with Q4 2025, it opened 1 new position, added to 1 and reduced 3. The biggest buy was Trip.com Group Ltd.-ADR (TCOM, shares +16%) and the biggest sale Tencent Music Entertainm-ADR (TME, shares −70%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001710785
Portfolio Value
$108.1M (Q1 2026)
SEC Filing
0001710785-26-000003 ↗ filed May 12, 2026

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 Q2 2025 Q3 2025: $219.9M Q3 2025 Q4 2025: $260.1M Q4 2025 Q1 2026: $108.1M $108.1M Q1 2026 Q2 2026: $117.0M Q2 2026

Holdings 5 stocks · $108.1M

PDD PDD Holdings Inc. 39.76% 420,558 $43.0M Reduce -50.9%
TCOM Trip.com Group Ltd.-ADR 22.83% 495,524 $24.7M Add +16.3%
EDU New Oriental Educatio-SP ADR 15.37% 293,420 $16.6M Reduce -32.0%
TME Tencent Music Entertainm-ADR 15.03% 1,750,088 $16.2M Reduce -70.3%
ATAT Atour Lifestyle Holdings-ADR 7.01% 205,830 $7.6M New

Portfolio Sells Q4 2025 → Q1 2026

TME Tencent Music Entertainm-ADR Reduce -70.3% 15.03% −26.78
PDD PDD Holdings Inc. Reduce -50.9% 39.76% +1.51
EDU New Oriental Educatio-SP ADR Reduce -32.0% 15.37% +6.89

Portfolio Buys Q4 2025 → Q1 2026

TCOM Trip.com Group Ltd.-ADR Add +16.3% 22.83% +11.37
ATAT Atour Lifestyle Holdings-ADR New 7.01% +7.01

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