Greenwoods Asset Management Hong Kong 13F annual report
Greenwoods Asset Management Hong Kong is an investment fund managing more than $3.79 trillion ran by Steve Lo. There are currently 41 companies in Mr. Lo’s portfolio. The largest investments include PDD Inc and Meta Platforms Inc, together worth $1.28 trillion.
$3.79 trillion Assets Under Management (AUM)
As of 2nd August 2024, Greenwoods Asset Management Hong Kong’s top holding is 5,206,948 shares of PDD Inc currently worth over $692 billion and making up 18.2% of the portfolio value.
Relative to the number of outstanding shares of PDD Inc, Greenwoods Asset Management Hong Kong owns more than approximately 0.1% of the company.
In addition, the fund holds 1,161,741 shares of Meta Platforms Inc worth $586 billion, whose value grew 8.9% in the past six months.
The third-largest holding is Taiwan Semiconductor Mfg Ltd worth $472 billion and the next is Microsoft worth $405 billion, with 905,853 shares owned.
Currently, Greenwoods Asset Management Hong Kong's portfolio is worth at least $3.79 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Greenwoods Asset Management Hong Kong
The Greenwoods Asset Management Hong Kong office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Steve Lo serves as the Compliance Officer at Greenwoods Asset Management Hong Kong.
Recent trades
In the most recent 13F filing, Greenwoods Asset Management Hong Kong revealed that it had opened a new position in
Apple Inc and bought 165,600 shares worth $34.9 billion.
This means they effectively own approximately 0.1% of the company.
Apple Inc makes up
4.5%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 19.7% in the past year.
The investment fund also strengthened its position in PDD Inc by buying
1,572,281 additional shares.
This makes their stake in PDD Inc total 5,206,948 shares worth $692 billion.
PDD Inc soared 65.3% in the past year.
On the other hand, there are companies that Greenwoods Asset Management Hong Kong is getting rid of from its portfolio.
Greenwoods Asset Management Hong Kong closed its position in Kanzhun Limited on 9th August 2024.
It sold the previously owned 1,775,133 shares for $31.1 billion.
Steve Lo also disclosed a decreased stake in Meta Platforms Inc by approximately 0.1%.
This leaves the value of the investment at $586 billion and 1,161,741 shares.
One of the largest hedge funds
The two most similar investment funds to Greenwoods Asset Management Hong Kong are Engineers Gate Manager L.P. and Choate Investment Advisors. They manage $3.8 trillion and $3.8 trillion respectively.
Steve Lo investment strategy
Greenwoods Asset Management Hong Kong’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 45.7% of
the total portfolio value.
The fund focuses on investments in the China as
26.8% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
51% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $271 billion.
The complete list of Greenwoods Asset Management Hong Kong trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| PDD Holdings Inc |
43.26%
5,206,948
|
$692,263,736,000 | 18.24% |
| Meta Platforms Inc |
8.09%
1,161,741
|
$585,773,047,000 | 15.44% |
| Taiwan Semiconductor Mfg Ltd |
75.03%
2,717,559
|
$472,338,930,000 | 12.45% |
| Microsoft Corporation |
0.12%
905,853
|
$404,870,998,000 | 10.67% |
| NetEase Inc |
48.75%
3,819,507
|
$365,068,479,000 | 9.62% |
| Full Truck Alliance Co. Ltd. |
73.00%
26,985,624
|
$216,964,416,000 | 5.72% |
| New Oriental Ed & Technology |
6.81%
2,003,010
|
$155,693,967,000 | 4.10% |
| Futu Hldgs Ltd |
4.98%
2,330,725
|
$152,907,214,000 | 4.03% |
| DoorDash Inc |
21.71%
1,266,026
|
$137,718,308,000 | 3.63% |
| NVIDIA Corp |
484.56%
1,090,104
|
$134,671,448,000 | 3.55% |
| Zto Express Cayman Inc |
2.83%
5,013,897
|
$104,038,363,000 | 2.74% |
| Qifu Technology Inc. |
0.72%
3,417,122
|
$67,419,817,000 | 1.78% |
| Apple Inc |
Opened
165,600
|
$34,878,672,000 | 0.92% |
| TAL Education Group |
9.66%
3,252,897
|
$34,708,411,000 | 0.91% |
| Kanzhun Limited |
Closed
1,775,133
|
$31,118,082,000 | |
| Visa Inc |
No change
115,000
|
$30,184,050,000 | 0.80% |
| Advanced Micro Devices Inc. |
Closed
140,500
|
$25,358,845,000 | |
| Asml Holding N V |
No change
22,437
|
$22,946,993,000 | 0.60% |
| Uber Technologies Inc |
65.28%
303,200
|
$22,036,576,000 | 0.58% |
| Tencent Music Entmt Group |
2.85%
1,501,678
|
$21,098,576,000 | 0.56% |
| Alibaba Group Hldg Ltd |
322.73%
241,402
|
$17,380,944,000 | 0.46% |
| Ishares Tr |
70.04%
60,600
|
$14,945,778,000 | 0.39% |
| MongoDB Inc |
Closed
40,009
|
$14,348,828,000 | |
| Spdr Ser Tr |
No change
127,800
|
$11,848,338,000 | 0.31% |
| Jinkosolar Hldg Co Ltd |
No change
569,933
|
$11,809,012,000 | 0.31% |
| Airbnb, Inc. |
4.77%
76,846
|
$11,652,159,000 | 0.31% |
| Petroleo Brasileiro Sa Petro |
Opened
789,700
|
$11,442,753,000 | 0.30% |
| KE Holdings Inc. |
326.84%
780,872
|
$11,049,338,000 | 0.29% |
| Trip.com Group Ltd |
125.76%
231,400
|
$10,875,800,000 | 0.29% |
| Unitedhealth Group Inc |
Opened
9,972
|
$5,078,341,000 | 0.13% |
| Super Hi Intl Hldg Ltd |
Opened
275,300
|
$4,955,400,000 | 0.13% |
| JD.com Inc |
Closed
170,159
|
$4,660,655,000 | |
| Merck & Co Inc |
No change
35,374
|
$4,379,301,000 | 0.12% |
| Amazon.com Inc. |
Opened
22,370
|
$4,323,003,000 | 0.11% |
| Novo-nordisk A S |
No change
29,722
|
$4,242,518,000 | 0.11% |
| Hello Group Inc |
No change
590,263
|
$3,612,410,000 | 0.10% |
| Boston Scientific Corp. |
57.36%
41,634
|
$3,206,234,000 | 0.08% |
| Thermo Fisher Scientific Inc. |
No change
4,579
|
$2,532,187,000 | 0.07% |
| Abbvie Inc |
Closed
12,200
|
$2,221,620,000 | |
| Johnson & Johnson |
Closed
12,200
|
$1,929,918,000 | |
| Albemarle Corp. |
Opened
17,300
|
$1,652,496,000 | 0.04% |
| Atrenew Inc |
No change
525,000
|
$1,244,250,000 | 0.03% |
| Micron Technology Inc. |
44.42%
5,857
|
$770,371,000 | 0.02% |
| Daqo New Energy Corp |
Opened
50,399
|
$735,825,000 | 0.02% |
| Li Auto Inc. |
Opened
26,400
|
$472,032,000 | 0.01% |
| Tesla Inc |
70.11%
2,359
|
$466,799,000 | 0.01% |
| 111, Inc. |
No change
348,863
|
$371,539,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 47 holdings | |||
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