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Greenwoods Asset Management Hong Kong LTD.

CIK:0001848138
Hedge Fund
$3B AUM
28 holdings
Hong Kong, Hong Kong
Founded:2004
64 employees
Latest filing:Jun 30, 2025

Greenwoods Asset Management Hong Kong Ltd. is the Hong Kong arm of Greenwoods Asset Management, a leading Chinese investment management firm founded in 2004. It serves institutional and high net worth clients globally, focusing on investment strategies centered on China-related opportunities. Headquartered in Hong Kong with links to the main office in Shanghai, the firm is known for its value-oriented investing style and extensive research capabilities, employing approximately 64 people (2024) across its entities.

Investment Strategy

Greenwoods Asset Management specializes in fundamental, value-driven long/short equity and private equity investments, with a primary focus on companies related to Mainland China. The firm leverages in-depth due diligence and local insights, seeking to identify undervalued opportunities by conducting thorough research on Chinese companies. Greenwoods emphasizes stock picking, risk management, and a disciplined investment framework, maintaining a long bias but with active portfolio management and selective shorting to manage risk and enhance returns. The investment approach is institutionalized, aiming to deliver superior performance over cycles without aggressive marketing, relying instead on investment results to attract capital.

Latest 13F Filing Activity

Greenwoods Asset Management Hong Kong LTD. filed their most recent 13F report on Jun 30, 2025 disclosing 26 equity positions with a total 13F market value of $3B. The fund increased holdings in Meta Platforms Inc., Netease Inc., Nvidia Corporation among other positions. Greenwoods Asset Management Hong Kong LTD. reduced exposure to Taiwan Semiconductor MFG LTD, PDD Holdings Inc., Apple Inc. among others.

Top Buys
M
METAMETA PLATFORMS INC
+$173.0M
N
NTESNETEASE INC
+$101.2M
N
NVDANVIDIA CORPORATION
+$99.6M
G
GOOGLALPHABET INC
+$25.5M
Q
QFINQIFU TECHNOLOGY INC
+$22.1M
Top Sells
T
TSMTAIWAN SEMICONDUCTOR MFG LTD
-$231.6M
P
PDDPDD HOLDINGS INC
-$211.6M
A
AAPLAPPLE INC
-$173.8M
Z
ZTOZTO EXPRESS CAYMAN INC
-$130.1M
B
BABAALIBABA GROUP HLDG LTD
-$26.8M

Top Holdings

M
METAMETA PLATFORMS INC
+25.5%$731.7M
N
NTESNETEASE INC
+16.3%$469.1M
Y
YMMFULL TRUCK ALLIANCE CO LTD
+11.8%$340.1M
P
PDDPDD HOLDINGS INC
+11.7%$337.0M
F
FUTUFUTU HLDGS LTD
+6.6%$189.3M

Equity Positions (26)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
META PLATFORMS INC25.46%$731.7M991,342$283.25$738.09+$173.0M
NETEASE INC16.33%$469.1M3,486,000$94.90$134.58+$101.2M
FULL TRUCK ALLIANCE CO LTD11.83%$340.1M28,794,527$8.41$11.81+$8.1M
PDD HOLDINGS INC11.73%$337.0M3,219,839$100.28$104.66-$211.6M
FUTU HLDGS LTD6.59%$189.3M1,531,389$64.12$123.59-$5.4M

Industry Allocation

SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+30.0%
SERVICES-PREPACKAGED SOFTWARE
+21.2%
SERVICES-BUSINESS SERVICES, NEC
+13.9%
SEMICONDUCTORS & RELATED DEVICES
+12.7%
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
+3.9%