Greenwoods Asset Management Hong Kong Q2 2026 Portfolio Activity Revealed

According to data filed on InsiderSet, Greenwoods Asset Management Hong Kong Ltd. managed a portfolio valued at approximately USD $2.17 billion as of June 30, 2026. The firm's holdings underwent substantial changes during the quarter, reflecting both strategic exits and new investments across different market sectors.

Major Sectors Showed Significant Activity

The investor was notably active in several key areas. In Technology, there were significant reductions in positions held previously. The firm sold a large portion of its holdings in INTEL CORP (INTC), which saw its share count decrease by 60.26% from the prior period (INTEL). Similarly, substantial sales were recorded for NETEASE COM INC (NTES) and SEA LTD (SE), both seeing over an 80% reduction in shares held by Greenwoods.

Conversely, the Technology sector also witnessed notable new purchases. The investor established a position in QFIN HOLDINGS INC (QFIN), acquiring shares that now represent about 2.19% of its portfolio (QFIN). Furthermore, Greenwoods initiated significant positions with nearly 100% new purchases in several Technology stocks: VNET GROUP INC (VNET), APPLIED OPTOELECTRONICS INC (AAOI), and TAIWAN SEMICONDUCTOR MANUFAC (TSM). The latter two saw their share counts increase by exactly 100%, indicating strong conviction behind these additions.

Communication Services Sector Dynamics

The Communication Services sector experienced mixed results for Greenwoods. While the firm maintained its position in ALPHABET INC (GOOGL), slightly reducing its share count (-38.04%), it completely exited its stake in NETEASE COM INC (NTES) (NETEASE). The firm also sold shares of SEA LTD (SE) (-55.54%) and reduced holdings slightly in ATOUR LIFESTYLE HLDGS LTD (ATAT), which is categorized under Consumer Cyclical but operates in the travel sector.

However, there were new additions to this sector as well. Greenwoods purchased shares of VNET GROUP INC (VNET) (VNET) and QFIN HOLDINGS INC (QFIN), both falling under Technology according to the filing's categorization, but listed here due to their sector allocation percentages. The firm also added a small position in H WORLD GROUP LTD (HTHT) (H WORLD).

Consumer Cyclical and Financial Services Shifts

In the Consumer Cyclical sector, Greenwoods significantly reduced its exposure to several companies. The firm sold shares of TRIP COM GROUP LTD (TCOM) (-99.54%), effectively exiting this position (TRIP COM). It also decreased holdings in ATOUR LIFESTYLE HLDGS LTD (ATAT), PDD HOLDINGS INC (PDD), and H WORLD GROUP LTD (HTHT) by substantial percentages (-30.98%, -6.23%, -69.75% respectively).

On the purchase side, Greenwoods added new positions in TRAVEL COMFORT CO LTD (TCOM) is categorized under Consumer Cyclical but shows a 100% increase? Wait no, TCOM was sold almost entirely (-99.54%). Let's correct: The firm purchased shares of VNET GROUP INC (VNET), APPLIED OPTOELECTRONICS INC (AAOI), and ASML HLDG NV (ASML) (APPLIED OPTOELECTRONICS, ASML HOLDINGS). These additions, along with the Technology allocation changes, show a clear shift in focus towards semiconductor and hardware companies.

Overall Portfolio Changes and Trends

The overall portfolio saw an increase of 9.76% during Q2 2026 (FUTU). Despite the significant reductions in several Technology stocks like INTEL, NETEASE, and SEA, the sector still dominates Greenwoods' portfolio allocation at nearly 37% (36.95%). The firm also maintained a strong position in Communication Services, which accounts for about 33.37% of the total value.

Greenwoods exited its position entirely in TRIP COM GROUP LTD (TCOM), leaving it with only $0.48 million worth of holdings (TRIP COM). The firm's activity suggests a dynamic approach to investing, focusing on quality Technology names while strategically reducing exposure in other areas.