Greenwoods Asset Management Hong Kong
HONG KONG, K3files as Greenwoods Asset Management Hong Kong Ltd.
$2.2bn in 21 US stocks at the end of 30 June 2026. The top 10 are 95.3% of the money. It changed about 32.7% of the portfolio this quarter.
Value
$2.2bn
Stocks
21
Top 10 share
95.3%
Turnover
32.7%
What changed this quarter
New
Bought for the first time this quarter.
- ASML Holding NVASML0.6% of the fund
- Applied OptoelectronicsAAOI0.4% of the fund
- Vnet GroupVNET0.2% of the fund
- Applied MaterialsAMAT<0.1% of the fund
Added
Bought more of a stock they already held.
- Futu HldgsFUTU4.7% of the fund+10%
Cut
Sold some of their stake.
- AlphabetGOOGL29.6% of the fund-38%
- IntelINTC17.6% of the fund-60%
- PDD HoldingsPDD16.7% of the fund-6%
- Full Truck AllianceYMM14.7% of the fund-4%
- Netease.comNTES3.5% of the fund-81%
- Atour Lifestyle HldgsATAT2.6% of the fund-31%
- Qfin HoldingsQFIN2.2% of the fund-8%
- AppleAAPL1.9% of the fund-41%
- SeaSE1.0% of the fund-56%
- H World GroupHTHT0.6% of the fund-70%
- Trip COM GroupTCOM<0.1% of the fund-100%
Sold out
Sold their entire stake.
- Meta PlatformsMETA-100%
- Amazon.comAMZN-100%
- NvidiaNVDA-100%
- Alibaba Group HldgBABA-100%
- New Oriental Education & Technology GroupEDU-100%
- UnitedHealth GroupUNH-100%
- TAL ED GroupTAL-100%
- Lumentum HoldingsLITE-100%
Holdings
- PDD HoldingsPDD
- Share
- 16.7%
- Value
- $365m
- Shares
- 4,785,666
-6%
- Full Truck AllianceYMM
- Share
- 14.7%
- Value
- $320m
- Shares
- 39,452,419
-4%
- Futu HldgsFUTU
- Share
- 4.7%
- Value
- $103m
- Shares
- 1,093,634
+10%
- Netease.comNTES
- Share
- 3.5%
- Value
- $77m
- Shares
- 600,631
-81%
- Atour Lifestyle HldgsATAT
- Share
- 2.6%
- Value
- $57m
- Shares
- 1,788,400
-31%
- Qfin HoldingsQFIN
- Share
- 2.2%
- Value
- $48m
- Shares
- 3,031,438
-8%
- SeaSE
- Share
- 1.0%
- Value
- $21m
- Shares
- 216,978
-56%
- H World GroupHTHT
- Share
- 0.6%
- Value
- $13m
- Shares
- 321,572
-70%
- WerideWRD
- Share
- 0.6%
- Value
- $13m
- Shares
- 2,201,800
Held
- Vnet GroupVNET
- Share
- 0.2%
- Value
- $5m
- Shares
- 648,500
New
- Super HI Intl HldgHDL
- Share
- 0.2%
- Value
- $3m
- Shares
- 268,341
Held
- AtrenewRERE
- Share
- <0.1%
- Value
- $2m
- Shares
- 525,000
Held
- Trip COM GroupTCOM
- Share
- <0.1%
- Value
- $478,080
- Shares
- 12,000
-100%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOGL | 29.6% | $647m | 1,810,357 | -38% |
| IntelINTC | 17.6% | $384m | 2,751,193 | -60% |
| PDD HoldingsPDD | 16.7% | $365m | 4,785,666 | -6% |
| Full Truck AllianceYMM | 14.7% | $320m | 39,452,419 | -4% |
| Futu HldgsFUTU | 4.7% | $103m | 1,093,634 | +10% |
| Netease.comNTES | 3.5% | $77m | 600,631 | -81% |
| Atour Lifestyle HldgsATAT | 2.6% | $57m | 1,788,400 | -31% |
| Qfin HoldingsQFIN | 2.2% | $48m | 3,031,438 | -8% |
| AppleAAPL | 1.9% | $42m | 146,668 | -41% |
| Taiwan Semiconductor ManufacturingTSM | 1.8% | $40m | 83,052 | Held |
| SeaSE | 1.0% | $21m | 216,978 | -56% |
| MakeMyTripMMYT | 0.9% | $21m | 388,557 | Held |
| ASML Holding NVASML | 0.6% | $14m | 7,070 | New |
| H World GroupHTHT | 0.6% | $13m | 321,572 | -70% |
| WerideWRD | 0.6% | $13m | 2,201,800 | Held |
| Applied OptoelectronicsAAOI | 0.4% | $8m | 53,520 | New |
| Vnet GroupVNET | 0.2% | $5m | 648,500 | New |
| Super HI Intl HldgHDL | 0.2% | $3m | 268,341 | Held |
| AtrenewRERE | <0.1% | $2m | 525,000 | Held |
| Applied MaterialsAMAT | <0.1% | $2m | 2,520 | New |
| Trip COM GroupTCOM | <0.1% | $478,080 | 12,000 | -100% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 23.9% since 30 June 2025.
Where the money is
Media & telecom29.6%
Technology21.8%
Industrials1.6%
Other47.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.