Green Court Capital Management Limited
- Regulatory AUM
- $5.5B
- Discretionary
- $5.5B
- Clients
- 12
- Avg AUM / client
- $462M
- Accounts
- 14
- Employees
- 39
AUM over time
Annual snapshots from Form ADV filings · as of Mar 25, 2026
Investments (13F portfolio — 5 positions, $108,078,550)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Pdd Holdings Inc | SPONSORED ADS | $42,972,616 | 420,558 | 39.8% | 0.78% |
| 2 | Trip Com Group Ltd | ADS | $24,672,140 | 495,524 | 22.8% | 0.45% |
| 3 | New Oriental Ed & Technology | SPON ADR | $16,616,375 | 293,420 | 15.4% | 0.3% |
| 4 | Tencent Music Entmt Group | SPON ADS | $16,240,817 | 1,750,088 | 15.0% | 0.29% |
| 5 | Atour Lifestyle Hldgs Ltd | SPONSORED ADS | $7,576,602 | 205,830 | 7.01% | 0.14% |
Top 25 of 5 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 12 | $1.7B | 30.8% |
| Charitable organizations | Fewer than 5 clients | $1.6B | 29.7% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $2.2B | 39.5% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Green Court Greater China Long Only Equity Master Fund Ltd. master | Hedge Fund | Cayman Islands | $1.3B | 75 |
| Green Court China Opportunity Master Fund Ltd. master | Hedge Fund | Cayman Islands | $500M | 60 |
| Green Court China Emerging Champions Master Fund Ltd. master | Hedge Fund | Cayman Islands | $77.8M | 6 |
| Green Court Greater China Long/Short Equity Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $65.4M | 16 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Yao, Yulin, (Nmn) | Director | Aug 2016 (10y) | ≈ 18.75% – 56.25% via Green Court Capital Holdings Limited | |
| Stothard, Terry, (Nmn) | Chief Compliance Officer | Jan 2017 (10y) | Less than 5% | |
| Tang, Lihui, (Nmn) | Director | Jan 2018 (9y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Green Court Management Holdings Llc | Holding Company | Feb 2017 | A | 75% or more |
| Neuberger Berman Asia Holdings Llc | Member | Apr 2017 | B | ≈ 14.06% – 50% via Neuberger Berman Asia Holdings Ii Llc |
| Neuberger Berman Group Llc | Member | Apr 2017 | B | ≈ 10.55% – 50% via Neuberger Berman Asia Holdings Llc |
| Nbsh Acquisition, Llc | Member | Apr 2017 | B | ≈ 7.91% – 50% via Neuberger Berman Group Llc |
| Green Court Capital Holdings Limited | Member | Feb 2017 | B | ≈ 37.5% – 75% via Green Court Management Holdings Llc |
| Neuberger Berman Asia Holdings Ii Llc | Member | Apr 2017 | B | ≈ 18.75% – 50% via Green Court Management Holdings Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Yao, Yulin, (Nmn): 50% – 75% of Green Court Capital Holdings Limited × 50% – 75% of Green Court Management Holdings Llc × 75% – 100% direct ≈ 18.75% – 56.25% of the firm
- Neuberger Berman Asia Holdings Llc: 75% – 100% of Neuberger Berman Asia Holdings Ii Llc × 25% – 50% of Green Court Management Holdings Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Neuberger Berman Group Llc: 75% – 100% of Neuberger Berman Asia Holdings Llc × 75% – 100% of Neuberger Berman Asia Holdings Ii Llc × 25% – 50% of Green Court Management Holdings Llc × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Nbsh Acquisition, Llc: 75% – 100% of Neuberger Berman Group Llc × 75% – 100% of Neuberger Berman Asia Holdings Llc × 75% – 100% of Neuberger Berman Asia Holdings Ii Llc × 25% – 50% of Green Court Management Holdings Llc × 75% – 100% direct ≈ 7.91% – 50% of the firm
- Green Court Capital Holdings Limited: 50% – 75% of Green Court Management Holdings Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Neuberger Berman Asia Holdings Ii Llc: 25% – 50% of Green Court Management Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (4, $2.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Green Court Greater China Long Only Equity Master Fund Ltd. | Hedge Fund | $1.3B | $1.0M | 75 |
| Green Court China Opportunity Master Fund Ltd. | Hedge Fund | $500M | $1.0M | 60 |
| Green Court China Emerging Champions Master Fund Ltd. | Hedge Fund | $77.8M | $1.0M | 6 |
| Green Court Greater China Long/Short Equity Master Fund, Ltd. | Hedge Fund | $65.4M | $100K | 16 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 1.99 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Citibank $2.2B (39% of AUM) Mar 2026
- State Street $1.6B (30% of AUM) Mar 2026
- Northern Trust $713M (8% of AUM) Nov 2023
- Bank Of China Limited $508M (6% of AUM) Nov 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 25, 2026.
View current Form ADV (SEC/IAPD) ↗