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HHLR Advisors (Hillhouse)

Superinvestor

HHLR Advisors, Ltd.

SEC CIK
0001762304
Manager
Zhang Lei
Style
Growth
Latest filing
Aug 14, 2026

Holdings in Q2 2021

Holdings as of Jun 30, 2021, filed Aug 16, 2021. Long positions only; changes compare share counts with Q1 2021.

Institution overview
Positions
89
−2 vs. Q1 2021
Portfolio value
$9.71B
−$404.8M (−4.0%) vs. Q1 2021
Filed
Aug 16, 2021
SEC
Holdings of HHLR Advisors (Hillhouse) in Q2 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
ONCBeOne Medicines Ltd.ADR5,472,259$1.88B19.3%00.0%UnchangedHistory
PDDPDD Holdings Inc.SPONSORED ADS6,902,129$876.7M9.0%−3,320,793−32.5%ReducedHistory
IQiQIYI, Inc.SPONSORED ADS38,648,477$602.1M6.2%00.0%UnchangedHistory
NBPNovaBridge BiosciencesSPONSORED ADS6,616,170$555.4M5.7%00.0%UnchangedHistory
ESGREnstar Group LTDSHS1,747,840$417.6M4.3%00.0%UnchangedHistory
ZMZoom Communications, Inc.Stock1,027,400$397.6M4.1%−948,566−48.0%ReducedHistory
BBIOBridgeBio Pharma, Inc.COM5,362,014$326.9M3.4%00.0%UnchangedHistory
ABNBAirbnb, Inc.Stock2,112,637$323.5M3.3%+2,112,637NewHistory
JDJD.com, Inc.SPON ADS CL A3,683,307$294.0M3.0%−479,029−11.5%ReducedHistory
CRMSalesforce, Inc.Stock1,136,476$277.6M2.9%00.0%UnchangedHistory
UBERUber Technologies, IncStock5,420,202$271.7M2.8%−1,371,247−20.2%ReducedHistory
BILIBilibili Inc.SPONS ADS REP Z1,998,271$243.5M2.5%00.0%UnchangedHistory
BEKEKE Holdings Inc.SPONSORED ADS5,012,100$239.0M2.5%00.0%UnchangedHistory
BEAMBeam Therapeutics Inc.COM1,845,753$237.6M2.4%−226,926−10.9%ReducedHistory
DASHDoorDash, Inc.Stock1,196,300$213.3M2.2%+100,000+9.1%AddedHistory
APLSApellis Pharmaceuticals, Inc.COM2,929,708$185.2M1.9%−1,628,321−35.7%ReducedHistory
VIPSVipshop Holdings LtdSPONSORED ADS A8,963,752$180.0M1.9%+8,493,752+1,807.2%AddedHistory
BABAAlibaba Group Holding LtdADR713,400$161.8M1.7%+577,700+425.7%AddedHistory
MNSOMINISO Group Holding LtdSPONSORED ADS5,653,476$117.5M1.2%+5,356,188+1,801.7%AddedHistory
MDLZMondelez International, Inc.Stock1,862,164$116.3M1.2%00.0%UnchangedHistory
ARGXArgenx SESPONSORED ADR357,000$107.5M1.1%−18,540−4.9%ReducedHistory
KYNBKyntra Bio, Inc.COM3,955,787$105.3M1.1%00.0%UnchangedHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A2,600,777$78.9M0.8%00.0%UnchangedHistory
PLTKPlaytika Holding Corp.COM3,280,699$78.2M0.8%00.0%UnchangedHistory
KODKodiak Sciences Inc.COM810,207$75.3M0.8%−78,420−8.8%ReducedHistory
GOSSGossamer Bio, Inc.COM7,420,974$60.3M0.6%00.0%UnchangedHistory
TUYATuya Inc.SPONSERED ADS2,375,000$58.2M0.6%00.0%UnchangedHistory
BPMCBlueprint Medicines CorpCOM635,302$55.9M0.6%−123,389−16.3%ReducedHistory
AMGAffiliated Managers Group, Inc.Stock335,073$51.7M0.5%00.0%UnchangedHistory
OTISOtis Worldwide CorpStock614,556$50.3M0.5%00.0%UnchangedHistory
TILInstil Bio, Inc.COM2,385,457$46.1M0.5%00.0%UnchangedHistory
NIONIO Inc.ADR859,200$45.7M0.5%+732,000+575.5%AddedHistory
ALGSAligos Therapeutics, Inc.COM2,165,064$44.1M0.5%00.0%UnchangedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR360,495$43.3M0.4%00.0%UnchangedHistory
DIDIYDiDi Global Inc.SPONSORED ADS3,016,060$42.6M0.4%+3,016,060NewHistory
BZKanzhun LtdSPONSORED ADS1,050,000$41.6M0.4%+1,050,000NewHistory
AKROAkero Therapeutics, Inc.COM1,656,673$41.1M0.4%00.0%UnchangedHistory
KNSAKiniksa Pharmaceuticals International, plcCOM CL A2,920,023$40.7M0.4%00.0%UnchangedHistory
XPEVXpeng Inc.ADS896,500$39.8M0.4%+237,905+36.1%AddedHistory
LYELLyell Immunopharma, Inc.COM2,348,965$38.1M0.4%+2,348,965NewHistory
GDSGDS Holdings LtdSPONSORED ADS390,000$30.6M0.3%−2,753,623−87.6%ReducedHistory
HTHTH World Group LtdSPONSORED ADS578,902$30.6M0.3%00.0%UnchangedHistory
MLCOMelco Resorts & Entertainment LTDADR1,698,877$28.1M0.3%00.0%UnchangedHistory
ROOTRoot, Inc.COM CL A2,600,000$28.1M0.3%00.0%UnchangedHistory
AAPLApple Inc.Stock200,000$27.4M0.3%00.0%UnchangedHistory
FMTXForma Therapeutics Holdings, Inc.SHS1,100,000$27.4M0.3%00.0%UnchangedHistory
LEGNLegend Biotech CorpSPONSORED ADS650,000$26.7M0.3%00.0%UnchangedHistory
Smart SH Global Ltd ADS83193E102ADR4,080,000$24.8M0.3%+4,080,000New–
AXSMAxsome Therapeutics, Inc.COM360,000$24.3M0.2%00.0%UnchangedHistory
ACMRACM Research, Inc.Stock223,585$22.9M0.2%00.0%UnchangedHistory
DYNDyne Therapeutics, Inc.COM1,000,000$21.0M0.2%00.0%UnchangedHistory
ALLOAllogene Therapeutics, Inc.COM800,000$20.9M0.2%00.0%UnchangedHistory
KDPKeurig Dr Pepper Inc.COM569,584$20.1M0.2%−390,570−40.7%ReducedHistory
IPSCCentury Therapeutics, Inc.COM614,095$18.0M0.2%+614,095NewHistory
RGNXREGENXBIO Inc.COM456,000$17.7M0.2%00.0%UnchangedHistory
OLMAOlema Pharmaceuticals, Inc.COM620,397$17.4M0.2%00.0%UnchangedHistory
MOGUMOGU Inc.SPON ADS10,446,970$17.3M0.2%00.0%UnchangedHistory
Bright Scholar Ed Hldgs Ltd109199109SPONSORED ADS3,985,797$16.9M0.2%00.0%Unchanged–
PRLDPrelude Therapeutics IncCOM583,333$16.7M0.2%−43,169−6.9%ReducedHistory
SNOWSnowflake Inc.Stock63,000$15.2M0.2%00.0%UnchangedHistory
SOHUSohu.com LtdSPONSORED ADS802,034$14.9M0.2%00.0%UnchangedHistory
KURAKura Oncology, Inc.COM650,000$13.6M0.1%00.0%UnchangedHistory
IGMSIGM Biosciences, Inc.COM151,390$12.6M0.1%00.0%UnchangedHistory
TRMLTourmaline Bio, Inc.COM853,344$12.5M0.1%+853,344NewHistory
ADCTADC Therapeutics SASHS500,000$12.2M0.1%00.0%UnchangedHistory
IMCRImmunocore Holdings plcADS277,754$10.8M0.1%−1,826−0.7%ReducedHistory
Avidity Biosciences, Inc.05370A108COM425,000$10.5M0.1%00.0%Unchanged–
KRONKronos Bio, Inc.COM433,436$10.4M0.1%−225,000−34.2%ReducedHistory
PATHUiPath, Inc.Stock150,000$10.2M0.1%+150,000NewHistory
MREOMereo BioPharma Group plcSPON ADS2,976,121$9.43M0.1%00.0%UnchangedHistory
UXINUxin LtdADS2,297,318$8.85M0.1%00.0%UnchangedHistory
NKTXNkarta, Inc.COM277,778$8.80M0.1%−81,750−22.7%ReducedHistory
COGTCogent Biosciences, Inc.COM1,000,000$8.11M0.1%00.0%UnchangedHistory
CDAKCodiak BioSciences, Inc.COM366,721$6.79M0.1%00.0%UnchangedHistory
CYPHCypherpunk Technologies Inc.COM3,575,745$5.86M0.1%00.0%UnchangedHistory
DSGNDesign Therapeutics, Inc.COM280,991$5.59M0.1%00.0%UnchangedHistory
Montes Archimedes Acquisitio612657205UNIT 09/30/2025500,000$5.34M0.1%00.0%Unchanged–
NTESNetEase, Inc.SPONSORED ADS43,500$5.01M0.1%00.0%UnchangedHistory
RXDXPrometheus Biosciences, Inc.COM200,000$4.91M0.1%00.0%UnchangedHistory
CYTKCytokinetics IncCOM NEW230,718$4.57M<0.1%+230,718NewHistory
China Jo-Jo Drugstores Inc16949A206COM NEW4,840,000$4.56M<0.1%00.0%Unchanged–
CVETCovetrus, Inc.COM155,124$4.19M<0.1%00.0%UnchangedHistory
Fang Hldgs Ltd30711Y300ADR NEW327,720$3.88M<0.1%−200−0.1%Reduced–
HOOKHOOKIPA Pharma Inc.COM269,368$2.47M<0.1%−466,202−63.4%ReducedHistory
YSGYatsen Holding LtdADS250,764$2.35M<0.1%00.0%UnchangedHistory
Dragoneer Growth Opportun CoG28302126UNIT 08/18/2027200,000$2.08M<0.1%00.0%Unchanged–
EDUNew Oriental Education & Technology Group Inc.SPON ADR78,771$645.0K<0.1%00.0%UnchangedHistory
China Index Hldgs Ltd16954W101SPNSRD ADS A300,000$603.0K<0.1%00.0%Unchanged–
Ribbit Leap LtdG7552B121UNIT 99/99/999950,000$556.0K<0.1%00.0%Unchanged–

Sold out since Q1 2021 (11)

Positions held at the end of Q1 2021 that are gone from this filing.

Positions of HHLR Advisors (Hillhouse) sold out since Q1 2021
SecurityClassShares in Q1 2021Value in Q1 2021% of portfolio in Q1 2021History
China Biologic Prods Hldgs IG21515104COM2,962,076$350.7M3.5%–
Calliditas Therapeutics AB13124Q106SPONSERED ADS944,716$26.1M0.3%–
Grubhub Inc400110102COM169,386$10.2M0.1%–
PYPLPayPal Holdings, Inc.Stock40,000$9.71M0.1%History
GMABGenmab A/SSPONSORED ADS265,529$8.72M0.1%History
FDMT4D Molecular Therapeutics, Inc.COM157,500$6.83M0.1%History
NXTCNextCure, Inc.COM563,907$5.64M0.1%History
CYTKCytokinetics IncCOM NEW230,718$5.37M0.1%History
RCUSArcus Biosciences, Inc.COM50,000$1.40M<0.1%History
MRUSMerus N.V.COM46,532$972.0K<0.1%History
TCRRTCR2 Therapeutics Inc.COM39,577$874.0K<0.1%History