Greenwoods Asset Management Hong Kong Ltd.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Greenwoods Asset Management Hong Kong Ltd. reported 35 stock positions worth $3.2 billion. Its top holding was PDD (PDD) at 19.3% of the portfolio, followed by Meta Platforms Class A (META, 15.7%) and Netease Inc.-ADR (NTES, 9.7%). Compared with Q2 2024, it opened 6 new positions, sold out of 12, added to 10 and reduced 12. The biggest buy was Apple (AAPL, shares +357%) and the biggest sale Microsoft (MSFT, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001848138
- Portfolio Value
- $3.2B (Q3 2024)
- SEC Filing
- 0001848138-24-000002 ↗ filed Nov 8, 2024
Holdings Value
Holdings 35 stocks · $3.2B
| PDD PDD Holdings Inc. | 19.33% | 4,517,786 | $609.0M | Reduce -13.2% |
| META Meta Platforms Inc. Class A | 15.69% | 863,521 | $494.3M | Reduce -25.7% |
| NTES Netease Inc.-ADR | 9.73% | 3,278,597 | $306.6M | Reduce -14.2% |
| TSM Taiwan Semiconductor-SP ADR | 9.49% | 1,722,314 | $299.1M | Reduce -36.6% |
| YMM Full Truck Alliance -SPN ADR | 6.93% | 24,217,383 | $218.2M | Reduce -10.3% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 5.72% | 1,884,567 | $180.3M | Reduce -19.1% |
| AAPL Apple Inc. | 5.60% | 756,708 | $176.3M | Add +356.9% |
| ZTO Zto Express Cayman Inc.-ADR | 4.70% | 5,983,473 | $148.2M | Add +19.3% |
| DASH DoorDash Inc. Class A | 4.68% | 1,032,907 | $147.4M | Reduce -18.4% |
| EDU New Oriental Educatio-SP ADR | 4.36% | 1,810,734 | $137.3M | Reduce -9.6% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 3.23% | 3,417,122 | $101.9M | No change |
| MSFT Microsoft Corp. | 1.60% | 117,401 | $50.5M | Reduce -87.0% |
| TAL Tal Education Group- ADR | 1.25% | 3,320,955 | $39.3M | Add +2.1% |
| TME Tencent Music Entertainm-ADR | 1.14% | 2,969,203 | $35.8M | Add +97.7% |
| V Visa Inc. Class A | 1.00% | 115,000 | $31.6M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.83% | 246,016 | $26.1M | Add +1.9% |
| UBER Uber Technologies Inc. | 0.82% | 343,800 | $25.8M | Add +13.4% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.61% | 960,722 | $19.1M | Add +23.0% |
| JKS Jinkosolar Holding Co.-ADR | 0.49% | 569,933 | $15.3M | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.44% | 231,565 | $13.8M | Add +0.1% |
| PBR Petroleo Brasileiro-Spon ADR | 0.36% | 789,700 | $11.4M | No change |
| UNH Unitedhealth Group Inc. | 0.26% | 13,979 | $8.2M | Add +40.2% |
| SE Sea Ltd.-ADR | 0.26% | 86,500 | $8.2M | New |
| GOOGL Alphabet Inc. Class A | 0.25% | 47,605 | $7.9M | New |
| XBI SS SPDR S&P Biotech ETF | 0.22% | 70,400 | $7.0M | Reduce -44.9% |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 0.22% | 30,658 | $6.9M | New |
| ABNB Airbnb Inc. Class A | 0.21% | 52,200 | $6.6M | Reduce -32.1% |
| HDL Super Hi International Holdi | 0.15% | 275,300 | $4.8M | No change |
| NVDA Nvidia Corp. | 0.12% | 31,111 | $3.8M | Reduce -97.2% |
| LEGN Legend Biotech Corp.-ADR | 0.10% | 66,109 | $3.2M | New |
| PFE Pfizer Inc. | 0.09% | 92,600 | $2.7M | New |
| RERE Atrenew Inc. | 0.05% | 525,000 | $1.5M | No change |
| DQ Daqo New Energy Corp.-ADR | 0.03% | 50,399 | $1.0M | No change |
| DELL Dell Technologies -C | 0.03% | 7,500 | $889K | New |
| MU Micron Technology Inc. | 0.02% | 5,985 | $621K | Add +2.2% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -87.0% | 1.60% | −9.07 |
| NVDA Nvidia Corp. | Reduce -97.2% | 0.12% | −3.43 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -36.6% | 9.49% | −2.95 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.60 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.39 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.12 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.11 |
| ABNB Airbnb Inc. Class A | Reduce -32.1% | 0.21% | −0.10 |
| MOMO Hello Group Inc. -SPN ADR | Sold out | 0.00% | −0.10 |
| XBI SS SPDR S&P Biotech ETF | Reduce -44.9% | 0.22% | −0.09 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.07 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.04 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.01 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.01 |
| 111 INC | Sold out | 0.00% | −0.01 |
| NTES Netease Inc.-ADR | Reduce -14.2% | 9.73% | +0.11 |
| META Meta Platforms Inc. Class A | Reduce -25.7% | 15.69% | +0.25 |
| EDU New Oriental Educatio-SP ADR | Reduce -9.6% | 4.36% | +0.26 |
| DASH DoorDash Inc. Class A | Reduce -18.4% | 4.68% | +1.05 |
| PDD PDD Holdings Inc. | Reduce -13.2% | 19.33% | +1.09 |
| YMM Full Truck Alliance -SPN ADR | Reduce -10.3% | 6.93% | +1.21 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -19.1% | 5.72% | +1.69 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +356.9% | 5.60% | +4.68 |
| ZTO Zto Express Cayman Inc.-ADR | Add +19.3% | 4.70% | +1.96 |
| TME Tencent Music Entertainm-ADR | Add +97.7% | 1.14% | +0.58 |
| BABA Alibaba Group Holding-SP ADR | Add +1.9% | 0.83% | +0.37 |
| TAL Tal Education Group- ADR | Add +2.1% | 1.25% | +0.33 |
| BEKE Ke Holdings Inc.-ADR | Add +23.0% | 0.61% | +0.32 |
| SE Sea Ltd.-ADR | New | 0.26% | +0.26 |
| GOOGL Alphabet Inc. Class A | New | 0.25% | +0.25 |
| UBER Uber Technologies Inc. | Add +13.4% | 0.82% | +0.24 |
| ONC Beone Medicines Ltd.-ADR | New | 0.22% | +0.22 |
| TCOM Trip.com Group Ltd.-ADR | Add +0.1% | 0.44% | +0.15 |
| UNH Unitedhealth Group Inc. | Add +40.2% | 0.26% | +0.13 |
| LEGN Legend Biotech Corp.-ADR | New | 0.10% | +0.10 |
| PFE Pfizer Inc. | New | 0.09% | +0.09 |
| DELL Dell Technologies -C | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | Add +2.2% | 0.02% | −0.00 |
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 |