George Jiang

Greenwoods / Jinglin

Greenwoods / Jinglin, China value investing and compounder research

Greenwoods and Jinglin are important for understanding long-term China equity research through a value lens. The public record is useful for studying consumer, internet, and quality-compounder positions, especially when regulation, valuation, and domestic demand change.

Sources Greenwoods Asset Management public profile SEC EDGAR profile Sina profile article Greenwoods official site

China value / long-term compounders CIK 1848138

2026-03-31 Latest 13F 20 Current holdings 24 Last 1 periods Change 2 Public materials

Latest 13F snapshot 2026-03-31 · 25 disclosed positions · $3.9B Top five 61.1%: GOOGL, PDD, NTES, YMM, META

Public materials

View timeline

Shareholder letters / memos 0

Interview 1

Public video 0

Public Q&A / speeches / presentations 1

Current holdings

13F period 2026-03-31 · Filed 2026-05-08

Stocks	Shares	Value	Weight
GOOGL	2,921,634	$840.1M	21.7%
PDD	5,103,804	$521.5M	13.4%
NTES	3,190,000	$357.1M	9.2%
YMM	40,957,519	$339.9M	8.8%
META	541,689	$309.9M	8.0%
INTC	6,923,236	$305.5M	7.9%
AMZN	1,004,700	$209.2M	5.4%
FUTU	996,348	$136.3M	3.5%
NVDA	762,748	$133.0M	3.4%
TCOM	2,604,281	$129.7M	3.3%
ATAT	2,591,136	$95.4M	2.5%
BABA	703,009	$88.2M	2.3%
EDU	1,328,218	$75.2M	1.9%
AAPL	248,368	$63.0M	1.6%
HTHT	1,063,181	$53.5M	1.4%
QFIN	3,295,438	$42.5M	1.1%
SE	488,048	$40.4M	1.0%
UNH	130,310	$35.3M	0.9%
TSM	83,052	$28.1M	0.7%
TAL	2,448,817	$27.8M	0.7%

Last 1 quarters US 13F new / increased / reduced / sold-out positions

As of 13F 2026-03-31 · Filed 2026-05-08

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters

Stocks	Action	13F period	Current shares	Previous shares	Share change	13F value change
META	Major reduction	2026-03-31 Filed 2026-05-08	541,689	996,908	-45.7%	-$348.1M
INTC	Major increase	2026-03-31 Filed 2026-05-08	6,923,236	2,590,400	167.3%	+$209.9M
AMZN	New	2026-03-31 Filed 2026-05-08	1,004,700	0	-	+$209.2M
TCOM	New	2026-03-31 Filed 2026-05-08	2,604,281	0	-	+$129.7M
AVGO	Sold out	2026-03-31 Filed 2026-05-08	0	245,800	-100.0%	-$85.1M
NTES	Minor reduction	2026-03-31 Filed 2026-05-08	3,190,000	3,212,200	-0.7%	-$85.0M
SNPS	Sold out	2026-03-31 Filed 2026-05-08	0	163,661	-100.0%	-$76.9M
PDD	Major increase	2026-03-31 Filed 2026-05-08	5,103,804	3,968,270	28.6%	+$71.5M
FUTU	Minor reduction	2026-03-31 Filed 2026-05-08	996,348	1,135,821	-12.3%	-$50.3M
BABA	Major reduction	2026-03-31 Filed 2026-05-08	703,009	843,409	-16.6%	-$35.4M
YMM	Major increase	2026-03-31 Filed 2026-05-08	40,957,519	28,597,879	43.2%	+$33.1M
BEKE	Sold out	2026-03-31 Filed 2026-05-08	0	1,793,195	-100.0%	-$28.3M
NVDA	Minor reduction	2026-03-31 Filed 2026-05-08	762,748	837,907	-9.0%	-$23.2M
JKS	Sold out	2026-03-31 Filed 2026-05-08	0	780,933	-100.0%	-$20.2M
HTHT	Major increase	2026-03-31 Filed 2026-05-08	1,063,181	842,822	26.1%	+$13.8M
XBI	Sold out	2026-03-31 Filed 2026-05-08	0	68,265	-100.0%	-$8.3M
LITE	New	2026-03-31 Filed 2026-05-08	10,822	0	-	+$7.6M
MMYT	Major increase	2026-03-31 Filed 2026-05-08	388,557	256,900	51.2%	-$6.6M
ATAT	Minor increase	2026-03-31 Filed 2026-05-08	2,591,136	2,290,136	13.1%	+$5.1M
AAPL	Major increase	2026-03-31 Filed 2026-05-08	248,368	213,104	16.5%	+$5.1M
GOOGL	Minor increase	2026-03-31 Filed 2026-05-08	2,921,634	2,690,000	8.6%	-$1.8M
SE	Major increase	2026-03-31 Filed 2026-05-08	488,048	324,147	50.6%	-$936,178
TSM	Minor reduction	2026-03-31 Filed 2026-05-08	83,052	89,826	-7.5%	+$770,200
TAL	Minor reduction	2026-03-31 Filed 2026-05-08	2,448,817	2,597,180	-5.7%	-$492,185

Public video / Interview / Shareholder letter / Public Q&A

2 reliable public materials

2022-01-01 Public speech

Jiang Jinzhi talks about value investing and opportunities in China

Related articles from China Europe International Business School collate Jiang Jinzhi’s public views on value investing, Chinese enterprises and long-term opportunities, which is a supplement to Jinglin’s Chinese public information.

The material discusses value investing in the Chinese business environment, emphasizing corporate competitiveness, management and long-term growth.
Such public views can help understand why Jing Lin has been paying attention to companies related to China's Internet, consumption and manufacturing upgrades for a long time.
Central and European sources are relatively stable and can be used as Chinese education/speech materials instead of relying on short video transfers.
These views do not map directly to current positions, especially since there are disclosure differences between the 13F and China/HK true portfolios.
This information supplements Chinese background materials that are not easily available in the English market.

2017-11-14 Interview

Jiang Jinzhi: Investment is a long-distance race

Sina Finance’s public report on Jinglin Asset Jiang Jinzhi introduces his long-term investment framework, reverse thinking and focus on high-quality Chinese enterprises. It is a more usable character entry in Chinese public information.

The data emphasizes long-term, fundamentals and corporate quality, which can explain the long-term holding tendency of Internet, consumer and platform companies in the Jinglin portfolio.
Jiang Jinzhi's public expressions are more like an institutional investment framework than a short-term trading view.
This piece of information has a clear release date and media source, and can be used as a source of Chinese character information.
It should be noted that Greenwoods' 13F only shows part of its overseas/ADR exposure, and Chinese and Hong Kong stock positions need to be marked separately.
The material is suitable for cross-reading with the Chinese concept stocks, Internet platforms and consumer companies in Jinglin 13F.