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Greenwoods Asset Management Hong Kong Ltd.

SUITE 3601-05 & 3620, 36/F JARDINE HOUSE, 1 CONNAUGHT PL., CENTRAL, HONG KONG, K3 00000 • 852 3105 2930

Q2 2025 · Filed 2025-08-08
Market Value
$2.9B
-10.7%
Holdings
33
-4
New Purchases
3
Added To
7
Closed
6
Reduced
12
Top 10 Concentration
88.2%
Turnover
27.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 25.47% 17.37% +8.11% $732M
NTES 16.33% 11.44% +4.89% $469M
NVDA 3.47% 0.00% +3.47% $100M
YMM 11.84% 10.32% +1.52% $340M
QFIN 4.97% 3.75% +1.22% $143M
YNDX 2.46% 1.46% +1.00% $71M
GOOGL 1.13% 0.22% +0.91% $33M
SE 1.00% 0.37% +0.63% $29M
FUTU 6.59% 6.05% +0.54% $189M
EDU 2.49% 2.07% +0.42% $72M
ATAT 0.24% 0.00% +0.24% $7M
HTHT 0.21% 0.00% +0.21% $6M
MSFT 0.50% 0.33% +0.16% $14M
JKS 0.58% 0.45% +0.12% $17M
ONC 0.13% 0.08% +0.05% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSM 1.03% 8.13% -7.09% $30M
AAPL 0.00% 5.40% -5.40% $0
PDD 11.73% 17.05% -5.32% $337M
ZTO 0.00% 4.04% -4.04% $0
BABA 1.84% 2.47% -0.64% $53M
HSAI 0.03% 0.34% -0.31% $884K
CSIQ 0.13% 0.30% -0.17% $4M
BEKE 2.87% 2.98% -0.11% $82M
LEGN 0.00% 0.10% -0.10% $0
REGN 0.00% 0.09% -0.09% $0
DQ 1.41% 1.50% -0.09% $41M
UNH 0.00% 0.07% -0.07% $0
PFE 0.00% 0.06% -0.06% $0
TAL 0.95% 1.01% -0.06% $27M
HDL 0.18% 0.19% -0.01% $5M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 32.3%
Consumer Cyclical 29.9%
Communication Services 29.7%
Financial Services 4.6%
Consumer Defensive 2.7%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $1.0B 35.0%
Large Cap 12 $1.2B 42.1%
Mid Cap 6 $447M 15.6%
Small Cap 5 $194M 6.8%
Micro Cap 1 $17M 0.6%

Portfolio Analytics

Avg Market Cap
$698.7B
Median Market Cap
$18.4B
Avg P/E
25.6
Median P/E
20.8
Avg Dividend Yield
0.02%
Avg Beta
0.68
# Stocks
33
# ETFs / Funds
0

Top Holdings (33 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 META 25.47% 991,342 $732M $738.09 $173M +22,065 +2.3%
2 NTES 16.33% 3,486,000 $469M $134.58 $101M -89,098 -2.5%
3 YMM 11.84% 28,794,527 $340M $11.81 $8M +2,799,386 +10.8%
4 PDD 11.73% 3,219,839 $337M $104.66 -$212M -1,415,680 -30.5%
5 FUTU 6.59% 1,531,389 $189M $123.59 -$5M -370,246 -19.5%
6 QFIN 4.97% 3,295,438 $143M $43.36 $22M +606,446 +22.6%
7 NVDA 3.47% 630,440 $100M $157.99 +630,440 NEW
8 BEKE 2.87% 4,640,706 $82M $17.74 -$14M -131,100 -2.8%
9 EDU 2.49% 1,328,218 $72M $53.95 $5M -67,821 -4.9%
10 YNDX 2.46% 1,276,303 $71M $55.33 $24M -941,711 -42.5%
11 BABA 1.84% 465,000 $53M $113.41 -$27M -136,142 -22.6%
12 INTC 1.59% 2,035,073 $46M $22.40 -$4M -144,922 -6.7%
13 DQ 1.41% 2,672,161 $41M $15.17 -$8M
14 GOOGL 1.13% 184,942 $33M $176.23 $25M +138,952 +302.1%
15 TSM 1.03% 131,264 $30M $226.49 -$232M -1,443,293 -91.7%
16 SE 1.00% 179,759 $29M $159.94 $17M +89,025 +98.1%
17 TAL 0.95% 2,671,361 $27M $10.22 -$5M +222,544 +9.1%
18 TCOM 0.77% 377,500 $22M $58.64 -$2M -6,043 -1.6%
19 JKS 0.58% 780,933 $17M $21.22 $2M
20 MSFT 0.50% 28,650 $14M $497.41 $3M
21 ATAT 0.24% 210,700 $7M $32.51 +210,700 NEW
22 HTHT 0.21% 176,800 $6M $33.92 +176,800 NEW
23 HDL 0.18% 268,341 $5M $19.52 -$982K
24 ONC 0.13% 15,502 $4M $242.07 $1M +6,173 +66.2%
25 CSIQ 0.13% 335,183 $4M $11.04 -$6M -780,678 -70.0%
26 RERE 0.06% 525,000 $2M $3.31 $194K
27 HSAI 0.03% 40,291 $884K $21.95 -$10M -708,262 -94.6%
28 REGN —% -$3M -4,750 -100.0% SOLD
29 PFE —% -$2M -74,200 -100.0% SOLD
30 ZTO —% -$130M -6,557,350 -100.0% SOLD
31 UNH —% -$2M -4,338 -100.0% SOLD
32 LEGN —% -$3M -90,109 -100.0% SOLD
33 AAPL —% -$174M -782,255 -100.0% SOLD

New Positions

SymbolValue% Port
NVDA $100M 3.47%
ATAT $7M 0.24%
HTHT $6M 0.21%

Sold Out Positions

SymbolValue% Port
PFE —%
ZTO —%
UNH —%
AAPL —%
REGN —%
LEGN —%
View SEC EDGAR Filings for Greenwoods Asset Management Hong Kong Ltd. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms