Greenwoods Asset Management Ltd 13F annual report
Greenwoods Asset Management Ltd is an investment fund managing more than $3.56 billion ran by Xiaosong Zeng. There are currently 39 companies in Zeng’s portfolio. The largest investments include Alibaba Ltd and Pinduoduo Inc, together worth $1.18 billion.
$3.56 billion Assets Under Management (AUM)
As of 5th February 2021, Greenwoods Asset Management Ltd’s top holding is 3,050,904 shares of Alibaba Ltd currently worth over $658 million and making up 18.5% of the portfolio value.
Relative to the number of outstanding shares of Alibaba Ltd, Greenwoods Asset Management Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 6,137,396 shares of Pinduoduo Inc worth $527 million, whose value grew 121.7% in the past six months.
The third-largest holding is Facebook Inc worth $419 million and the next is Zto Express Cayman Inc worth $379 million, with 10,314,631 shares owned.
Currently, Greenwoods Asset Management Ltd's portfolio is worth at least $3.56 billion. 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 Ltd
The Greenwoods Asset Management Ltd office and employees reside in Grand Cayman, Cayman Islands. According to the last 13-F report filed with the SEC, Xiaosong Zeng serves as the Authorized Signatory at Greenwoods Asset Management Ltd.
Recent trades
In the most recent 13F filing, Greenwoods Asset Management Ltd revealed that it had opened a new position in
NetEase Inc and bought 272,891 shares worth $117 million.
This means they effectively own approximately 0.1% of the company.
NetEase Inc makes up
14.7%
of the fund's Technology sector allocation and has decreased its share price by 62.0% in the past year.
The investment fund also strengthened its position in Pinduoduo Inc by buying
2,159,620 additional shares.
This makes their stake in Pinduoduo Inc total 6,137,396 shares worth $527 million.
Pinduoduo Inc soared 442.8% in the past year.
On the other hand, there are companies that Greenwoods Asset Management Ltd is getting rid of from its portfolio.
Greenwoods Asset Management Ltd closed its position in China Biologic Products Holdin on 12th February 2021.
It sold the previously owned 57,800 shares for $6.24 million.
Xiaosong Zeng also disclosed a decreased stake in Alibaba Ltd by 0.2%.
This leaves the value of the investment at $658 million and 3,050,904 shares.
One of the largest hedge funds
The two most similar investment funds to Greenwoods Asset Management Ltd are Bridgeway Capital Management Inc and Van Berkom & Associates. They manage $4.36 billion and $4.36 billion respectively.
Xiaosong Zeng investment strategy
Greenwoods Asset Management Ltd’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 54.1% of
the total portfolio value.
The fund focuses on investments in the China as
38.5% 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 $303 billion.
The complete list of Greenwoods Asset Management Ltd trades based on 13F SEC filings
These positions were updated on February 12th 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 |
|---|---|---|---|
| Alibaba Group Holding Ltd |
24.58%
3,050,904
|
$658,080,000 | 18.47% |
| Pinduoduo Inc |
54.29%
6,137,396
|
$526,834,000 | 14.79% |
| Facebook Inc |
0.96%
1,843,770
|
$418,665,000 | 11.75% |
| Zto Express Cayman Inc |
1,132.61%
10,314,631
|
$378,650,000 | 10.63% |
| JD.com Inc |
18.27%
5,953,820
|
$358,301,000 | 10.06% |
| TAL Education Group |
56.23%
2,544,998
|
$174,027,000 | 4.89% |
| Sea Ltd |
31.53%
1,592,813
|
$170,813,000 | 4.79% |
| New Oriental Education Techn |
18.18%
1,295,229
|
$168,678,000 | 4.74% |
| Vipshop Holdings Ltd |
39.35%
7,921,207
|
$157,711,000 | 4.43% |
| NetEase Inc |
Opened
272,891
|
$117,174,000 | 3.29% |
| Microsoft Corporation |
0.64%
563,725
|
$114,724,000 | 3.22% |
| Bilibili Inc |
746.36%
2,128,308
|
$98,583,000 | 2.77% |
| Tesla Inc |
28.14%
41,582
|
$44,901,000 | 1.26% |
| Youdao, Inc. |
67.06%
1,026,969
|
$38,511,000 | 1.08% |
| Alphabet Inc |
0.86%
21,154
|
$29,997,000 | 0.84% |
| Iqiyi Inc-adr |
Opened
825,390
|
$19,141,000 | 0.54% |
| Hutchison China Meditech Ltd. |
No change
572,169
|
$15,780,000 | 0.44% |
| Qudian Inc |
No change
5,472,601
|
$9,303,000 | 0.26% |
| Baidu Inc - Spon Adr |
93.69%
62,625
|
$7,508,000 | 0.21% |
| Athenex Inc |
No change
498,510
|
$6,859,000 | 0.19% |
| Zai Lab Limited |
42.74%
78,365
|
$6,436,000 | 0.18% |
| China Biologic Products Holdin |
Closed
57,800
|
$6,238,000 | |
| Micron Technology Inc. |
Closed
143,000
|
$6,015,000 | |
| Uber Technologies Inc |
0.50%
190,200
|
$5,911,000 | 0.17% |
| Albemarle Corp. |
Closed
72,839
|
$4,106,000 | |
| Puxin Limited |
No change
764,000
|
$3,942,000 | 0.11% |
| NVIDIA Corp |
6.81%
10,200
|
$3,875,000 | 0.11% |
| Tarena International Inc |
Closed
966,484
|
$3,702,000 | |
| Burning Rock Biotech Ltd |
Opened
124,510
|
$3,363,000 | 0.09% |
| ServiceNow Inc |
29.79%
8,055
|
$3,263,000 | 0.09% |
| 111, Inc. |
No change
501,852
|
$3,187,000 | 0.09% |
| Trip.com Group Ltd-adr |
82.46%
119,800
|
$3,105,000 | 0.09% |
| Onesmart International Educati |
No change
731,483
|
$2,875,000 | 0.08% |
| ACM Research Inc |
313.97%
44,088
|
$2,749,000 | 0.08% |
| Daqo New Energy Corp-adr |
Opened
32,486
|
$2,412,000 | 0.07% |
| Gilead Sciences, Inc. |
Closed
30,740
|
$2,298,000 | |
| Huazhu Group Limited |
Closed
58,000
|
$1,666,000 | |
| Zoom Video Communications Inc |
59.87%
5,354
|
$1,357,000 | 0.04% |
| Amazon.com Inc. |
No change
470
|
$1,297,000 | 0.04% |
| Sysco Corp. |
Opened
21,520
|
$1,176,000 | 0.03% |
| HDFC Bank Ltd. |
Closed
29,000
|
$1,115,000 | |
| Salesforce.Com Inc |
47.96%
5,201
|
$974,000 | 0.03% |
| X Financial |
No change
947,185
|
$852,000 | 0.02% |
| Yum China Holdings Inc |
Opened
13,000
|
$625,000 | 0.02% |
| So-Young International Inc. |
No change
39,550
|
$537,000 | 0.02% |
| Apple Inc |
Closed
1,319
|
$335,000 | |
| Concord Medical Services Holdi |
No change
113,549
|
$187,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 47 holdings | |||
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