Greenwoods Asset Management Hong Kong Ltd. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Greenwoods Asset Management Hong Kong Ltd. disclosed 28 US equity positions worth $4.0bn in its Q4 2025 13F filing. The largest position was GOOGL at 20.8% of the reported book, followed by META and PDD. Against the Q3 2025 filing, it opened 1 new position, added to 5 and reduced 10 among the top 28 holdings.
What did Greenwoods Asset Management Hong Kong Ltd. own in Q4 2025? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL ALPHABET INC | Communication Services | 20.8% | $842.0m | 2,690,000 | 53% | added |
| 2 | META META PLATFORMS INC | Communication Services | 16.3% | $658.0m | 996,908 | -19% | reduced |
| 3 | PDD PDD HOLDINGS INC | Consumer Cyclical | 11.1% | $450.0m | 3,968,270 | 18% | added |
| 4 | NTES NETEASE INC | Communication Services | 10.9% | $442.1m | 3,212,200 | 0% | held |
| 5 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 7.6% | $306.9m | 28,597,879 | 0% | held |
| 6 | FUTU FUTU HLDGS LTD | Financial Services | 4.6% | $186.5m | 1,135,821 | 14% | added |
| 7 | NVDA NVIDIA CORPORATION | Technology | 3.9% | $156.3m | 837,907 | -65% | reduced |
| 8 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 3.1% | $123.6m | 843,409 | 0% | held |
| 9 | INTC INTEL CORP | Technology | 2.4% | $95.6m | 2,590,400 | 37% | added |
| 10 | ATAT ATOUR LIFESTYLE HLDGS LTD | Consumer Cyclical | 2.2% | $90.2m | 2,290,136 | 0% | held |
| 11 | AVGO BROADCOM INC | Technology | 2.1% | $85.1m | 245,800 | – | new |
| 12 | SNPS SYNOPSYS INC | Technology | 1.9% | $76.9m | 163,661 | -1% | reduced |
| 13 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 1.8% | $73.1m | 1,328,218 | 0% | held |
| 14 | QFIN QFIN HOLDINGS INC | Financial Services | 1.6% | $63.5m | 3,295,438 | 0% | held |
| 15 | AAPL APPLE INC | Technology | 1.4% | $57.9m | 213,104 | 0% | held |
| 16 | NBIS NEBIUS GROUP N.V. | Communication Services | 1.3% | $53.4m | 638,103 | -50% | reduced |
| 17 | UNH UNITEDHEALTH GROUP INC | Healthcare | 1.1% | $43.0m | 130,310 | -22% | reduced |
| 18 | SE SEA LTD | Consumer Cyclical | 1.0% | $41.4m | 324,147 | -21% | reduced |
| 19 | HTHT H WORLD GROUP LTD | Consumer Cyclical | 1.0% | $39.7m | 842,822 | 134% | added |
| 20 | TAL TAL EDUCATION GROUP | Consumer Defensive | 0.7% | $28.3m | 2,597,180 | 0% | held |
| 21 | BEKE KE HLDGS INC | Real Estate | 0.7% | $28.3m | 1,793,195 | -51% | reduced |
| 22 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.7% | $27.3m | 89,826 | -32% | reduced |
| 23 | MAKEMYTRIP LIMITED MAURITIUS | 0.5% | $21.1m | 256,900 | 0% | held | |
| 24 | JKS JINKOSOLAR HLDG CO LTD | Technology | 0.5% | $20.2m | 780,933 | 0% | held |
| 25 | WRD WERIDE INC | Technology | 0.5% | $19.1m | 2,201,800 | -18% | reduced |
| 26 | XBI SPDR SERIES TRUST | 0.2% | $8.3m | 68,265 | -88% | reduced | |
| 27 | SUPER HI INTL HLDG LTD | 0.1% | $4.3m | 268,341 | 0% | held | |
| 28 | RERE ATRENEW INC | 0.1% | $2.8m | 525,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.