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Greenwoods Asset Management Hong Kong Ltd.

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13F filer, CIK 1848138, HONG KONG, Hong Kong

Greenwoods Asset Management Hong Kong Ltd. reported $4,044,709,984 across 28 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-06. Its ten largest share positions make up 82.85% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001848138-26-000006

Period
2025-12-31
Reported value
$4.04B
Holdings
28
Top 10 weight
82.85%
New
1
Sold out
3

Part of the filer group Greenwoods Asset Management Hong Kong Ltd.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GOOGLadded+929,680$291M
AVGOnew+245,800$85.1M
PDDadded+611,306$69.3M
INTCadded+694,363$25.6M
FUTUadded+139,473$22.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NVDAreduced-1,540,850-$287M
METAreduced-229,056-$151M
XBIreduced-486,750-$59.3M
NBISreduced-638,200-$53.4M
BEKEreduced-1,883,800-$29.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001848138-26-000006, largest first. % of portfolio is the value over $4,044,709,984, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,605 shares; 2024Q4: 501,299 shares; 2025Q1: 45,990 shares; 2025Q2: 184,942 shares; 2025Q3: 1,760,320 shares; 2025Q4: 2,690,000 shares 2,690,000$842M20.82%+929,680Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 863,521 shares; 2024Q4: 878,964 shares; 2025Q1: 969,277 shares; 2025Q2: 991,342 shares; 2025Q3: 1,225,964 shares; 2025Q4: 996,908 shares 996,908$658M16.27%-229,056Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,517,786 shares; 2024Q4: 4,635,519 shares; 2025Q1: 4,635,519 shares; 2025Q2: 3,219,839 shares; 2025Q3: 3,356,964 shares; 2025Q4: 3,968,270 shares 3,968,270$450M11.12%+611,306Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,278,597 shares; 2024Q4: 3,632,870 shares; 2025Q1: 3,575,098 shares; 2025Q2: 3,486,000 shares; 2025Q3: 3,212,200 shares; 2025Q4: 3,212,200 shares 3,212,200$442M10.93%0Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,217,383 shares; 2024Q4: 26,019,803 shares; 2025Q1: 25,995,141 shares; 2025Q2: 28,794,527 shares; 2025Q3: 28,597,879 shares; 2025Q4: 28,597,879 shares 28,597,879$307M7.59%0Timeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,884,567 shares; 2024Q4: 1,282,934 shares; 2025Q1: 1,901,635 shares; 2025Q2: 1,531,389 shares; 2025Q3: 996,348 shares; 2025Q4: 1,135,821 shares 1,135,821$187M4.61%+139,473Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,111 shares; 2024Q4: 37,776 shares; 2025Q1: not reported; 2025Q2: 630,440 shares; 2025Q3: 2,378,757 shares; 2025Q4: 837,907 shares 837,907$156M3.86%-1,540,850Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 246,016 shares; 2024Q4: not reported; 2025Q1: 601,142 shares; 2025Q2: 465,000 shares; 2025Q3: 843,409 shares; 2025Q4: 843,409 shares 843,409$124M3.06%0Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,179,995 shares; 2025Q2: 2,035,073 shares; 2025Q3: 1,896,037 shares; 2025Q4: 2,590,400 shares 2,590,400$95.6M2.36%+694,363Timeline
ATATATOUR LIFESTYLE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 210,700 shares; 2025Q3: 2,290,136 shares; 2025Q4: 2,290,136 shares 2,290,136$90.2M2.23%0Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 245,800 shares 245,800$85.1M2.1%newTimeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 165,459 shares; 2025Q4: 163,661 shares 163,661$76.9M1.9%-1,798Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,810,734 shares; 2024Q4: 1,228,318 shares; 2025Q1: 1,396,039 shares; 2025Q2: 1,328,218 shares; 2025Q3: 1,328,218 shares; 2025Q4: 1,328,218 shares 1,328,218$73.1M1.81%0Timeline
QFINQFIN HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,417,122 shares; 2024Q4: 2,688,992 shares; 2025Q1: 2,688,992 shares; 2025Q2: 3,295,438 shares; 2025Q3: 3,295,438 shares; 2025Q4: 3,295,438 shares 3,295,438$63.5M1.57%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 756,708 shares; 2024Q4: 744,308 shares; 2025Q1: 782,255 shares; 2025Q2: not reported; 2025Q3: 213,104 shares; 2025Q4: 213,104 shares 213,104$57.9M1.43%0Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,159,776 shares; 2025Q1: 2,218,014 shares; 2025Q2: 1,276,303 shares; 2025Q3: 1,276,303 shares; 2025Q4: 638,103 shares 638,103$53.4M1.32%-638,200Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,979 shares; 2024Q4: 14,165 shares; 2025Q1: 4,338 shares; 2025Q2: not reported; 2025Q3: 167,432 shares; 2025Q4: 130,310 shares 130,310$43M1.06%-37,122Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 86,500 shares; 2024Q4: 212,569 shares; 2025Q1: 90,734 shares; 2025Q2: 179,759 shares; 2025Q3: 411,144 shares; 2025Q4: 324,147 shares 324,147$41.4M1.02%-86,997Timeline
HTHTH WORLD GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 176,800 shares; 2025Q3: 360,000 shares; 2025Q4: 842,822 shares 842,822$39.7M0.98%+482,822Timeline
TALTAL ED GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,320,955 shares; 2024Q4: 3,320,955 shares; 2025Q1: 2,448,817 shares; 2025Q2: 2,671,361 shares; 2025Q3: 2,597,180 shares; 2025Q4: 2,597,180 shares 2,597,180$28.3M0.7%0Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 960,722 shares; 2024Q4: 543,800 shares; 2025Q1: 4,771,806 shares; 2025Q2: 4,640,706 shares; 2025Q3: 3,676,995 shares; 2025Q4: 1,793,195 shares 1,793,195$28.3M0.7%-1,883,800Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,722,314 shares; 2024Q4: 1,244,950 shares; 2025Q1: 1,574,557 shares; 2025Q2: 131,264 shares; 2025Q3: 131,264 shares; 2025Q4: 89,826 shares 89,826$27.3M0.67%-41,438Timeline
MMYTMAKEMYTRIP LIMITED MAURITIUSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 256,900 shares; 2025Q4: 256,900 shares 256,900$21.1M0.52%0Timeline
JKSJINKOSOLAR HLDG CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 569,933 shares; 2024Q4: 569,933 shares; 2025Q1: 780,933 shares; 2025Q2: 780,933 shares; 2025Q3: 780,933 shares; 2025Q4: 780,933 shares 780,933$20.2M0.5%0Timeline
WRDWERIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,684,200 shares; 2025Q4: 2,201,800 shares 2,201,800$19.1M0.47%-482,400Timeline
XBISPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,400 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 555,015 shares; 2025Q4: 68,265 shares 68,265$8.32M0.21%-486,750Timeline
HDLSUPER HI INTL HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 275,300 shares; 2024Q4: 275,300 shares; 2025Q1: 268,341 shares; 2025Q2: 268,341 shares; 2025Q3: 268,341 shares; 2025Q4: 268,341 shares 268,341$4.31M0.11%0Timeline
REREATRENEW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 525,000 shares; 2024Q4: 525,000 shares; 2025Q1: 525,000 shares; 2025Q2: 525,000 shares; 2025Q3: 525,000 shares; 2025Q4: 525,000 shares 525,000$2.78M0.07%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
UBERUBER TECHNOLOGIES INC244,670$24Mshares
SPOTSPOTIFY TECHNOLOGY S A13,226$9.23Mshares
GOOGALPHABET INC3,596$876Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001848138-26-000006 base2026-02-06acceptance time not in the bulk data set