Greenwoods Asset Management Ltd's Q4 2020 13F: 5 new positions, 5 exits

Form 13F-HR for the quarter ended Dec 31, 2020 · filed Feb 12, 2021 · 39 reported positions · accession 0001567619-21-003313

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Increased PINDUODUO INC (PDD) 7.8% 26.1% +18.3 pts +3.12M sh +95%
Increased TSMC (TSM) 0.7% 6.6% +5.8 pts +2.34M sh +856%
Reduced ALIBABA GROUP HOLDING LTD (BABA) 11.5% 2.0% −9.5 pts −842K sh −69%
Reduced JD.COM INC (JD) 6.6% 0.9% −5.7 pts −2.19M sh −82%
Increased APPLE INC (AAPL) 2.1% 5.4% +3.3 pts +1.2M sh +215%
New TESLA INC (TSLA) — 3.0% +3.0 pts +184K sh new
Reduced FACEBOOK INC (META) 16.7% 9.5% −7.1 pts −467K sh −24%
Increased TAL EDUCATION GROUP (TAL) 5.0% 5.4% +0.4 pts +1.25M sh +60%
Reduced VIPSHOP HOLDINGS LTD (VIPS) 4.5% 3.8% −0.7 pts −3.13M sh −35%
Increased BAIDU INC (BIDU) 0.2% 1.7% +1.5 pts +287K sh +562%
Reduced ZTO EXPRESS CAYMAN INC (ZTO) 14.6% 9.1% −5.5 pts −1.69M sh −11%
Exited NEW ORIENTAL EDUCATION & TECHN (EDU) 0.9% — −0.9 pts −192K sh −100%
New ALBEMARLE CORP (ALB) — 0.7% +0.7 pts +199K sh new
Increased BILIBILI INC (BILI) 2.0% 3.6% +1.5 pts +294K sh +19%
Reduced UBER TECHNOLOGIES INC (UBER) 0.7% 0.2% −0.6 pts −486K sh −76%
Increased SEA LTD (SE) 10.2% 9.7% −0.5 pts +56,680 sh +3%
Increased KE HOLDINGS INC (BEKE) 1.4% 1.2% −0.1 pts +169K sh +24%
Reduced YOUDAO INC (DAO) 0.7% 0.3% −0.4 pts −390K sh −44%
Exited PUXIN LTD (NEW) 0.1% — −0.1 pts −387K sh −100%
New SQUARE INC - A (XYZ) — 0.1% +0.1 pts +17,300 sh new
Exited BURNING ROCK BIOTECH LTD (BNR) 0.1% — −0.1 pts −100K sh −100%
Increased JINKOSOLAR HOLDING CO-ADR (JKS) 0.0% 0.1% +0.1 pts +55,250 sh +485%
Reduced MICROSOFT CORP (MSFT) 3.7% 2.7% −1.0 pts −12,959 sh −2%
Reduced SO-YOUNG INTERNATIONAL INC (SY) 1.5% 0.9% −0.6 pts −227K sh −6%
New BALLARD POWER SYSTEMS INC (BLDP) — 0.1% +0.1 pts +96,100 sh new
Increased NVIDIA CORP (NVDA) 0.1% 0.1% 0.0 pts +3,340 sh +85%
New AIRBNB INC-CLASS A (ABNB)
new — newly listed security (e.g. spin-off)
 — 0.0% 0.0 pts +10,300 sh new
Reduced X FINANCIAL (XYF) 0.0% 0.0% 0.0 pts −631K sh −67%
Increased SERVICENOW INC (NOW) 0.1% 0.1% 0.0 pts +2,030 sh +32%
Exited WYNN RESORTS LTD (WYNN) 0.0% — 0.0 pts −9,239 sh −100%
Exited ZOOM VIDEO COMMUNICATIONS-A (ZM) 0.0% — 0.0 pts −1,018 sh −100%
Increased DAQO NEW ENERGY CORP-ADR (DQ) 0.1% 0.1% −0.1 pts +7,680 sh +24%
Increased 21VIANET GROUP INC-ADR (VNET) 0.0% 0.0% 0.0 pts +12,500 sh +28%
New CREE INC (CREE) — 0.0% 0.0 pts +3,150 sh new
Increased ALPHABET INC (GOOGL) 1.0% 0.8% −0.1 pts +144 sh +1%

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

Top 10 positions — 83.5% of the equity book

Changes in the top 10 this quarter: TSM entered · AAPL entered · BILI entered · BABA left · JD left · MSFT left

# Security Weight before Weight now
1 PINDUODUO INC (PDD) 7.8% 26.1%
2 SEA LTD (SE) 10.2% 9.7%
3 FACEBOOK INC (META) 16.7% 9.5%
4 ZTO EXPRESS CAYMAN INC (ZTO) 14.6% 9.1%
5 TSMC (TSM) 0.7% 6.6% Entered the top 10
6 TAL EDUCATION GROUP (TAL) 5.0% 5.4%
7 APPLE INC (AAPL) 2.1% 5.4% Entered the top 10
8 NETEASE INC (NTES) 5.7% 4.3%
9 VIPSHOP HOLDINGS LTD (VIPS) 4.5% 3.8%
10 BILIBILI INC (BILI) 2.0% 3.6% Entered the top 10
— ALIBABA GROUP HOLDING LTD (BABA) 11.5% 2.0% Left the top 10
— JD.COM INC (JD) 6.6% 0.9% Left the top 10
— MICROSOFT CORP (MSFT) 3.7% 2.7% Left the top 10

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).