Greenwoods Asset Management (Jinzhi)
china, value, quality, active
Quarter Analysis
13F change notes for Greenwoods Asset Management (Jinzhi) in 2026-03-31.
Greenwoods turned the book defensive: Meta cut -46% from a 16% top weight, semis exposure pruned (Broadcom + Synopsys both exited), and rotated into Intel (+167% shares to 7.9% — contrarian semi bet) plus new Amazon and Trip.com positions. Top-3 weight 48% → 44%. This is a deliberate rotation away from peak-mega-cap-tech into more value-flavored names (Intel as a recovery bet, Trip.com as China-consumer reopening, AMZN as cheap-tech).
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▼ REDUCED
META PLATFORMS INC META
Cut -46% in shares; weight halved 16% → 8% even at +59% unrealized. Taking profit on the long-running social-media winner.
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▲ ADDED
INTEL CORP INTC
Shares +167% — Intel scaled to 7.9% weight as a contrarian semi bet, betting on a turnaround at +14% unrealized.
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+ NEW
AMAZON COM INC AMZN
New at 5.4% — entering AMZN as Meta exposure trimmed; rotation within mega-cap-tech.
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+ NEW
TRIP COM GROUP LTD TCOM
New 3.3% — China travel/consumer-reopening play, slightly underwater (-14%).
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★ HELD
FUTU HLDGS LTD FUTU
20 quarters held, +80% unrealized — the long-running China broker remains intact.
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× EXIT
BROADCOM INC AVGO
Cleared after just 1 quarter — the brief AVGO bet abandoned.
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× EXIT
SYNOPSYS INC SNPS
Closed after 2 quarters — semi-cap exposure trimmed alongside AVGO.