On the evening of August 8, Greenwoods Asset Management (HK), the overseas subsidiary of private equity giant Greenwoods Asset Management, submitted its US stock holdings data to the US Securities and Exchange Commission (SEC) as of the end of the second quarter of 2025. According to the 13F filing, as of June 30, 2025, Greenwoods HK held 28 securities in the US stock market with a total market value of US$2.874 billion, a decrease of approximately 11% from US$3.228 billion at the end of the first quarter. Facebook's parent company Meta remained the firm's largest US holding. In the second quarter, the firm added new investments in Nvidia, Yaduo, and Huazhu Group, and increased its holdings in Manbang Group, Qifu Technology, and Google's parent company Alphabet. However, it divested from Apple and several pharmaceutical giants, and reduced its holdings in NetEase, TSMC, and Hesai Technology. Reporters have learned from sources that Greenwoods Asset Management currently focuses primarily on Chinese assets, with the majority of its holdings in Hong Kong stocks. The firm is optimistic about opportunities in emerging sectors and believes it will focus on identifying companies with strong business models and strong free cash flow.