Greenwoods Asset Management Hong Kong Ltd.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Greenwoods Asset Management Hong Kong Ltd. reported 25 stock positions worth $3.9 billion. Its top holding was Alphabet Class A (GOOGL) at 21.7% of the portfolio, followed by PDD (PDD, 13.4%) and Netease Inc.-ADR (NTES, 9.2%). Compared with Q4 2025, it opened 3 new positions, sold out of 6, added to 9 and reduced 7. The biggest buy was Intel (INTC, shares +167%) and the biggest sale Meta Platforms Class A (META, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001848138
- Portfolio Value
- $3.9B (Q1 2026)
- SEC Filing
- 0001848138-26-000008 ↗ filed May 8, 2026
Holdings Value
Holdings 25 stocks · $3.9B
| GOOGL Alphabet Inc. Class A | 21.66% | 2,921,634 | $840.1M | Add +8.6% |
| PDD PDD Holdings Inc. | 13.45% | 5,103,804 | $521.5M | Add +28.6% |
| NTES Netease Inc.-ADR | 9.21% | 3,190,000 | $357.1M | Reduce -0.7% |
| YMM Full Truck Alliance -SPN ADR | 8.77% | 40,957,519 | $339.9M | Add +43.2% |
| META Meta Platforms Inc. Class A | 7.99% | 541,689 | $309.9M | Reduce -45.7% |
| INTC Intel Corp. | 7.88% | 6,923,236 | $305.5M | Add +167.3% |
| AMZN Amazon.com Inc. | 5.40% | 1,004,700 | $209.2M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 3.51% | 996,348 | $136.3M | Reduce -12.3% |
| NVDA Nvidia Corp. | 3.43% | 762,748 | $133.0M | Reduce -9.0% |
| TCOM Trip.com Group Ltd.-ADR | 3.34% | 2,604,281 | $129.7M | New |
| ATAT Atour Lifestyle Holdings-ADR | 2.46% | 2,591,136 | $95.4M | Add +13.1% |
| BABA Alibaba Group Holding-SP ADR | 2.27% | 703,009 | $88.2M | Reduce -16.6% |
| EDU New Oriental Educatio-SP ADR | 1.94% | 1,328,218 | $75.2M | No change |
| AAPL Apple Inc. | 1.63% | 248,368 | $63.0M | Add +16.6% |
| HTHT H World Group Ltd.-ADR | 1.38% | 1,063,181 | $53.5M | Add +26.1% |
| QFIN Qfin Holdings Inc.-ADR | 1.10% | 3,295,438 | $42.5M | No change |
| SE Sea Ltd.-ADR | 1.04% | 488,048 | $40.4M | Add +50.6% |
| UNH Unitedhealth Group Inc. | 0.91% | 130,310 | $35.3M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.72% | 83,052 | $28.1M | Reduce -7.5% |
| TAL Tal Education Group- ADR filed as TAL ED GROUP | 0.72% | 2,448,817 | $27.8M | Reduce -5.7% |
| WRD Weride Inc.-ADR | 0.46% | 2,201,800 | $17.8M | No change |
| MMYT Makemytrip Ltd. | 0.37% | 388,557 | $14.5M | Add +51.3% |
| LITE Lumentum Holdings Inc. | 0.20% | 10,822 | $7.6M | New |
| HDL Super Hi International Holdi | 0.10% | 268,341 | $3.9M | No change |
| RERE Atrenew Inc. | 0.06% | 525,000 | $2.5M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| META Meta Platforms Inc. Class A | Reduce -45.7% | 7.99% | −8.28 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −2.10 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −1.90 |
| NTES Netease Inc.-ADR | Reduce -0.7% | 9.21% | −1.72 |
| NBIS Nebius Group NV | Sold out | 0.00% | −1.32 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -12.3% | 3.51% | −1.10 |
| BABA Alibaba Group Holding-SP ADR | Reduce -16.6% | 2.27% | −0.78 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.70 |
| JKS Jinkosolar Holding Co.-ADR | Sold out | 0.00% | −0.50 |
| NVDA Nvidia Corp. | Reduce -9.0% | 3.43% | −0.43 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.21 |
| TAL Tal Education Group- ADR | Reduce -5.7% | 0.72% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.5% | 0.72% | +0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| INTC Intel Corp. | Add +167.3% | 7.88% | +5.52 |
| AMZN Amazon.com Inc. | New | 5.40% | +5.40 |
| TCOM Trip.com Group Ltd.-ADR | New | 3.34% | +3.34 |
| PDD PDD Holdings Inc. | Add +28.6% | 13.45% | +2.32 |
| YMM Full Truck Alliance -SPN ADR | Add +43.2% | 8.77% | +1.18 |
| GOOGL Alphabet Inc. Class A | Add +8.6% | 21.66% | +0.85 |
| HTHT H World Group Ltd.-ADR | Add +26.1% | 1.38% | +0.40 |
| ATAT Atour Lifestyle Holdings-ADR | Add +13.1% | 2.46% | +0.23 |
| LITE Lumentum Holdings Inc. | New | 0.20% | +0.20 |
| AAPL Apple Inc. | Add +16.6% | 1.63% | +0.19 |
| SE Sea Ltd.-ADR | Add +50.6% | 1.04% | +0.02 |
| MMYT Makemytrip Ltd. | Add +51.3% | 0.37% | −0.15 |
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 |