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GAMH
Greenwoods Asset Management (HK) Portfolio holdings
AUM
$3.88B
1-Year Est. Return
23.82%
This Fund
S&P 500
This Quarter
Est. Return
-13.13%
1 Year Est. Return
+23.82%
3 Year Est. Return
+183.86%
5 Year Est. Return
+189.17%
10 Year Est. Return
–
AUM
$1.47B
AUM Growth
-$772M
(-34%)
Cap. Flow
-$486M
Cap. Flow
% of AUM
-33.03%
Top 10 Holdings %
Top 10 Hldgs %
84.87%
Holding
33
New
2
Increased
6
Reduced
9
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$71.7M |
| 2 |
NetEase
NTES
|
+$31.9M |
| 3 |
DoorDash
DASH
|
+$31.3M |
| 4 |
New Oriental
EDU
|
+$11.3M |
| 5 |
Full Truck Alliance
YMM
|
+$5.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KraneShares CSI China Internet ETF
KWEB
|
+$201M |
| 2 |
Alibaba
BABA
|
+$94.4M |
| 3 |
ZTO Express
ZTO
|
+$73M |
| 4 |
JD.com
JD
|
+$67.6M |
| 5 |
KE Holdings
BEKE
|
+$65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.98% |
| 2 | Communication Services | 22.98% |
| 3 | Real Estate | 19.43% |
| 4 | Technology | 8.94% |
| 5 | Financials | 6.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
KE Holdings
BEKE
$19.1B
| $286M | 19.43% |
16,331,470
-4,011,766
| -20% | -$65M |
|
|
2
Pinduoduo
PDD
$128B
| $203M | 13.77% |
3,241,060
+1,233,872
| +61% | +$71.7M |
|
|
3
NetEase
NTES
$84.2B
| $194M | 13.15% |
2,561,839
+362,619
| +16% | +$31.9M |
|
4
Sea Limited
SE
$68.1B
| $120M | 8.12% |
2,133,573
+41,239
| +2% | +$2.87M |
|
|
5
JD.com
JD
$44.6B
| $104M | 7.08% |
2,072,045
-1,140,492
| -36% | -$67.6M |
|
|
6
Full Truck Alliance
YMM
$10.1B
| $88.8M | 6.03% |
13,564,314
+736,300
| +6% | +$5.68M |
|
|
7
ZTO Express
ZTO
$18.7B
| $78.4M | 5.32% |
3,261,911
-2,800,786
| -46% | -$73M |
|
8
Futu Holdings
FUTU
$15B
| $61.6M | 4.18% |
1,651,981
| – | – |
|
|
9
DoorDash
DASH
$87.4B
| $60M | 4.07% |
1,212,448
+467,921
| +63% | +$31.3M |
|
10
Kanzhun
BZ
$7.36B
| $54.6M | 3.71% |
3,233,645
-156,269
| -5% | -$3.53M |
|
11
Alphabet (Google) Class A
GOOGL
$4.57T
| $50.7M | 3.45% |
530,433
-241,447
| -31% | -$26.8M |
|
12
Meta Platforms (Facebook)
META
$1.5T
| $37.8M | 2.57% |
278,607
-139,303
| -33% | -$22.6M |
|
13
Qfin Holdings
QFIN
$1.69B
| $30M | 2.04% |
2,341,368
| – | – |
|
|
14
Alibaba
BABA
$305B
| $20.1M | 1.37% |
251,298
-991,245
| -80% | -$94.4M |
|
15
State Street SPDR S&P Biotech ETF
XBI
$9.62B
| $18.1M | 1.23% |
227,839
-125,000
| -35% | -$10.5M |
|
16
Apple
AAPL
$4.46T
| $12.1M | 0.82% |
87,400
| – | – |
|
17
Microsoft
MSFT
$3.62T
| $11.2M | 0.76% |
48,200
| – | – |
|
|
18
New Oriental
EDU
$9.4B
| $10.9M | 0.74% |
+456,645
| New | +$11.3M |
|
|
JKS
19
JinkoSolar
JKS
$824M
| $10.1M | 0.68% |
181,800
| – | – |
|
20
Grab
GRAB
$15B
| $9.36M | 0.64% |
3,559,700
+1,450,000
| +69% | +$4.39M |
|
21
lululemon athletica
LULU
$14B
| $3.79M | 0.26% |
13,540
| – | – |
|
22
Las Vegas Sands
LVS
$30.6B
| $3.35M | 0.23% |
+89,300
| New | +$3.33M |
|
|
YI
23
111 Inc
YI
$31.8M
| $2.24M | 0.15% |
83,644
| – | – |
|
24
Bilibili
BILI
$8.05B
| $1.57M | 0.11% |
102,799
-458,123
| -82% | -$10.4M |
|
|
RERE
25
ATRenew
RERE
$944M
| $1.21M | 0.08% |
525,000
| – | – |
|
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Greenwoods Asset Management (HK)'s Q3 2022 Portfolio in Review
As of Q3 2022, Greenwoods Asset Management (HK) held 33 positions worth $1.47B, down 34% from $2.24B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Greenwoods Asset Management (HK) withdrew a net $486M in Q3 2022, closing 7 positions and reducing 9 holdings. Its most notable exit was KraneShares CSI China Internet ETF, an estimated $201M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, up from 30% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Greenwoods Asset Management (HK) opened a new position in New Oriental worth $10.9M.
- Greenwoods Asset Management (HK)'s largest Q3 2022 buy was New Oriental: 456,645 shares worth $10.9M.
- Greenwoods Asset Management (HK) added most to Pinduoduo in Q3 2022, an estimated $71.7M increase.
- Greenwoods Asset Management (HK)'s biggest Q3 2022 reduction was Alibaba, cutting an estimated $94.4M.
- Greenwoods Asset Management (HK) fully exited KraneShares CSI China Internet ETF in Q3 2022, selling an estimated $201M.
- Greenwoods Asset Management (HK)'s ten largest holdings make up 85% of its $1.47B portfolio in Q3 2022.
- Greenwoods Asset Management (HK) opened 2 new positions and closed 7 in Q3 2022.
- Greenwoods Asset Management (HK)'s portfolio value fell 34% quarter-over-quarter to $1.47B.
Based on Greenwoods Asset Management (HK)'s 13F filing for Q3 2022, filed 10 Nov 2022.