Greenwoods Asset Management 13F: Q2 2026 Portfolio — $2.19B Across 21 Positions

Greenwoods Asset Management exited eight holdings, with the largest reductions tied to Meta Platforms, Amazon, and Nvidia. In parallel, it trimmed several of its biggest positions—most notably Alphabet (down 38.0% in share count) and Intel (down 60.3%)—as well as Pdd Holdings, Full Truck Alliance, and Netease (down 81.2%). This combination of multiple trims and full exits points to de-risking within its prior high-conviction complex.

Despite the reshaping, the portfolio remains highly concentrated: the top 10 names account for 95.3% of the total value. The quarter’s adds were limited—one add at Futu Hldgs with a 9.8% increase in share count—while new positions included Asml Hldg, Applied Optoelectronics, Vnet Group, and Applied Matls. That reinforces a selective tilt toward technology-linked themes while allowing the manager to reduce exposures across the rest of the roster; Taiwan Semiconductor Manufac was the only top-10 hold that stayed unchanged by share count this quarter.

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.