Greenwoods Asset Management Hong Kong Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Greenwoods Asset Management Hong Kong Ltd. reported 39 stock positions worth $3.2 billion. Its top holding was Meta Platforms Class A (META) at 19.0% of the portfolio, followed by PDD (PDD, 13.1%) and Microsoft (MSFT, 11.8%). Compared with Q4 2023, it opened 13 new positions, sold out of 4, added to 12 and reduced 8. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +1742%) and the biggest sale PDD (PDD, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001848138
- Portfolio Value
- $3.2B (Q1 2024)
- SEC Filing
- 0000943663-24-000111 ↗ filed May 10, 2024
Holdings Value
Holdings 39 stocks · $3.2B
| META Meta Platforms Inc. Class A | 19.03% | 1,264,066 | $613.8M | Add +1.5% |
| PDD PDD Holdings Inc. | 13.10% | 3,634,667 | $422.5M | Reduce -23.2% |
| MSFT Microsoft Corp. | 11.80% | 904,769 | $380.7M | Reduce -23.4% |
| NTES Netease Inc.-ADR | 8.24% | 2,567,653 | $265.7M | Reduce -7.8% |
| DASH DoorDash Inc. Class A | 6.90% | 1,617,126 | $222.7M | Add +37.2% |
| TSM Taiwan Semiconductor-SP ADR | 6.55% | 1,552,616 | $211.2M | Add +1741.8% |
| NVDA Nvidia Corp. | 5.22% | 186,482 | $168.5M | Add +116.8% |
| EDU New Oriental Educatio-SP ADR | 5.05% | 1,875,310 | $162.8M | Add +12.8% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 3.73% | 2,220,167 | $120.2M | Add +11.0% |
| YMM Full Truck Alliance -SPN ADR | 3.52% | 15,598,269 | $113.4M | Add +57.6% |
| ZTO Zto Express Cayman Inc.-ADR | 3.35% | 5,159,677 | $108.0M | Reduce -26.4% |
| UBER Uber Technologies Inc. | 2.08% | 873,200 | $67.2M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 1.97% | 3,441,922 | $63.4M | Add +40.7% |
| SOXX iShares Semiconductor ETF | 1.42% | 202,260 | $45.7M | New |
| TAL Tal Education Group- ADR | 1.04% | 2,966,397 | $33.7M | Add +36.4% |
| V Visa Inc. Class A | 0.99% | 115,000 | $32.1M | Add +152.8% |
| BZ Kanzhun Ltd. - ADR | 0.96% | 1,775,133 | $31.1M | Reduce -21.9% |
| AMD Advanced Micro Devices | 0.79% | 140,500 | $25.4M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.68% | 22,437 | $21.8M | New |
| TME Tencent Music Entertainm-ADR | 0.51% | 1,460,000 | $16.3M | New |
| JKS Jinkosolar Holding Co.-ADR | 0.45% | 569,933 | $14.4M | No change |
| MDB Mongodb Inc. | 0.44% | 40,009 | $14.3M | New |
| ABNB Airbnb Inc. Class A | 0.41% | 80,698 | $13.3M | Add +5.0% |
| XBI SS SPDR S&P Biotech ETF | 0.38% | 127,800 | $12.1M | Reduce -30.7% |
| BSX Boston Scientific Corp. | 0.21% | 97,634 | $6.7M | Add +102.8% |
| MRK Merck & Co. Inc. | 0.14% | 35,374 | $4.7M | New |
| JD Jd.com Inc.-ADR | 0.14% | 170,159 | $4.7M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.14% | 102,500 | $4.5M | New |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 57,106 | $4.1M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.12% | 29,722 | $3.8M | New |
| MOMO Hello Group Inc. -SPN ADR | 0.11% | 590,263 | $3.7M | Reduce -82.0% |
| TMO Thermo Fisher Scientific Inc. | 0.08% | 4,579 | $2.7M | No change |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.08% | 182,941 | $2.5M | No change |
| ABBV Abbvie Inc. | 0.07% | 12,200 | $2.2M | New |
| JNJ Johnson & Johnson | 0.06% | 12,200 | $1.9M | New |
| TSLA Tesla Inc. | 0.04% | 7,891 | $1.4M | Reduce -84.9% |
| MU Micron Technology Inc. | 0.04% | 10,538 | $1.2M | No change |
| RERE Atrenew Inc. | 0.03% | 525,000 | $924K | No change |
| 111 INC | 0.01% | 348,863 | $405K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| PDD PDD Holdings Inc. | Reduce -23.2% | 13.10% | −11.63 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −4.43 |
| MSFT Microsoft Corp. | Reduce -23.4% | 11.80% | −4.04 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -26.4% | 3.35% | −1.97 |
| NTES Netease Inc.-ADR | Reduce -7.8% | 8.24% | −1.03 |
| MOMO Hello Group Inc. -SPN ADR | Reduce -82.0% | 0.11% | −0.70 |
| TSLA Tesla Inc. | Reduce -84.9% | 0.04% | −0.42 |
| BZ Kanzhun Ltd. - ADR | Reduce -21.9% | 0.96% | −0.38 |
| IQ Iqiyi Inc.-ADR | Sold out | 0.00% | −0.33 |
| XBI SS SPDR S&P Biotech ETF | Reduce -30.7% | 0.38% | −0.21 |
| MNSO Miniso Group Holding Ltd.-ADR | Sold out | 0.00% | −0.11 |
| ZLAB Zai Lab Ltd.-ADR | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| TSM Taiwan Semiconductor-SP ADR | Add +1741.8% | 6.55% | +6.24 |
| NVDA Nvidia Corp. | Add +116.8% | 5.22% | +3.70 |
| META Meta Platforms Inc. Class A | Add +1.5% | 19.03% | +3.29 |
| DASH DoorDash Inc. Class A | Add +37.2% | 6.90% | +2.74 |
| UBER Uber Technologies Inc. | New | 2.08% | +2.08 |
| SOXX iShares Semiconductor ETF | New | 1.42% | +1.42 |
| YMM Full Truck Alliance -SPN ADR | Add +57.6% | 3.52% | +1.04 |
| AMD Advanced Micro Devices | New | 0.79% | +0.79 |
| EDU New Oriental Educatio-SP ADR | Add +12.8% | 5.05% | +0.70 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.68% | +0.68 |
| QFIN Qfin Holdings Inc.-ADR | Add +40.7% | 1.97% | +0.58 |
| V Visa Inc. Class A | Add +152.8% | 0.99% | +0.57 |
| TME Tencent Music Entertainm-ADR | New | 0.51% | +0.51 |
| MDB Mongodb Inc. | New | 0.44% | +0.44 |
| MRK Merck & Co. Inc. | New | 0.14% | +0.14 |
| JD Jd.com Inc.-ADR | New | 0.14% | +0.14 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.14% | +0.14 |
| BABA Alibaba Group Holding-SP ADR | New | 0.13% | +0.13 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.12% | +0.12 |
| BSX Boston Scientific Corp. | Add +102.8% | 0.21% | +0.11 |
| ABBV Abbvie Inc. | New | 0.07% | +0.07 |
| TAL Tal Education Group- ADR | Add +36.4% | 1.04% | +0.06 |
| JNJ Johnson & Johnson | New | 0.06% | +0.06 |
| ABNB Airbnb Inc. Class A | Add +5.0% | 0.41% | +0.04 |
| FUTU Futu Holdings Ltd.-ADR | Add +11.0% | 3.73% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $2.2B | GOOGL, INTC, PDD, YMM, FUTU |
| Q1 2026 | 25 | $3.9B | GOOGL, PDD, NTES, YMM, META |
| Q4 2025 | 28 | $4.0B | GOOGL, META, PDD, NTES, YMM |
| Q3 2025 | 30 | $4.4B | META, NTES, NVDA, PDD, GOOGL |
| Q2 2025 | 28 | $2.9B | META, NTES, YMM, PDD, FUTU |
| Q1 2025 | 31 | $3.2B | META, PDD, NTES, YMM, TSM |
| Q4 2024 | 36 | $3.2B | META, PDD, NTES, YMM, TSM |
| Q3 2024 | 35 | $3.2B | PDD, META, NTES, TSM, YMM |
| Q2 2024 | 41 | $3.8B | PDD, META, TSM, MSFT, NTES |
| Q1 2024 | 39 | $3.2B | META, PDD, MSFT, NTES, DASH |