Livermore

HHLR ADVISORS, LTD.

Superinvestor

HHLR Advisors (Hillhouse)

SEC CIK
0001762304
Manager
Zhang Lei
Style
Growth

Q1 2023 vs. Q4 2022

Positions are compared by share count, long positions only.

All holdings in Q1 2023All holdings in Q4 2022

HHLR ADVISORS, LTD.: Q4 2022 compared with Q1 2023
MeasureQ4 2022Q1 2023Change
Positions6770+3
Total value$4.74B$5.64B+$902.9M (+19.1%)

New positions (14)

Held at the end of Q1 2023 but not at the end of Q4 2022.

HHLR ADVISORS, LTD.: new positions in Q1 2023
SecurityClassShares, Q1 2023Value, Q1 2023% of portfolio, Q1 2023
BIDUBAIDU INC SPON ADR REP AADR405,900$61.26M1.09%
BMRNBIOMARIN PHARMACEUTICAL INCCOM308,693$30.02M0.53%
LILI AUTO INCSPONSORED ADS1,030,972$25.72M0.46%
TMOTHERMO FISHER SCIENTIFIC INC COMStock25,800$14.87M0.26%
ZTOZTO EXPRESS CAYMAN INCSPONSORED ADS A430,500$12.34M0.22%
CATALENT INC148806102COM187,000$12.29M0.22%
EXACT SCIENCES CORP30063P105COM170,094$11.53M0.20%
SNYSANOFI SASPONSORED ADR205,700$11.19M0.20%
AMDADVANCED MICRO DEVICES INC COMStock113,100$11.08M0.20%
REGNREGENERON PHARMACEUTICALSCOM12,500$10.27M0.18%
SEAGEN INC81181C104COM38,350$7.76M0.14%
WOLFWOLFSPEED INC COMStock70,000$4.55M0.08%
SRPTSAREPTA THERAPEUTICS INCCOM10,404$1.43M0.03%
YS BIOPHARMA CO LTDG9845F109ORDINARY SHARES751,790$1.2M0.02%

Added (9)

More shares at the end of Q1 2023 than at the end of Q4 2022.

HHLR ADVISORS, LTD.: positions added to in Q1 2023
SecurityClassShares, Q4 2022Shares, Q1 2023Change in sharesValue, Q1 2023% of portfolio, Q1 2023
PDDPDD HOLDINGS INCSPONSORED ADS2,903,80010,642,847+7,739,047+266.5%$807.79M14.32%
BEKEKE HLDGS INCSPONSORED ADS21,045,86531,228,934+10,183,069+48.4%$588.35M10.43%
BABAALIBABA GROUP HLDG LTD SPONSORED ADSADR3,122,8003,785,116+662,316+21.2%$386.76M6.86%
HTHTH WORLD GROUP LTDSPONSORED ADS307,2003,357,573+3,050,373+993.0%$164.45M2.92%
MSFTMICROSOFT CORP COMStock174,100256,900+82,800+47.6%$74.06M1.31%
YMMFULL TRUCK ALLIANCE CO LTDSPONSORED ADS4,127,1005,594,000+1,466,900+35.5%$42.57M0.75%
FUTUFUTU HLDGS LTDSPON ADS CL A320,800417,187+96,387+30.0%$21.63M0.38%
ISHARES TR46428743220 YR TR BD ETF140,000195,100+55,100+39.4%$20.75M0.37%
AMZNAMAZON COM INC COMStock67,50097,000+29,500+43.7%$10.02M0.18%

Reduced (27)

Fewer shares at the end of Q1 2023 than at the end of Q4 2022.

HHLR ADVISORS, LTD.: positions reduced in Q1 2023
SecurityClassShares, Q4 2022Shares, Q1 2023Change in sharesValue, Q1 2023% of portfolio, Q1 2023
DASHDOORDASH INC CL AStock4,504,5004,450,700−53,800−1.2%$282.89M5.02%
LEGNLEGEND BIOTECH CORPSPONSORED ADS5,136,6175,130,367−6,250−0.1%$247.39M4.39%
JDJD.COM INCSPON ADS CL A6,623,2002,397,789−4,225,411−63.8%$105.24M1.87%
ONONON HLDG AG NAMEN AKT AStock5,468,5043,291,204−2,177,300−39.8%$102.13M1.81%
DQDAQO NEW ENERGY CORPSPNSRD ADS NEW2,101,3152,037,000−64,315−3.1%$95.41M1.69%
CTKBCYTEK BIOSCIENCES INCCOM8,684,5307,703,514−981,016−11.3%$70.8M1.26%
BBIOBRIDGEBIO PHARMA INCCOM5,187,2253,978,410−1,208,815−23.3%$65.96M1.17%
CPNGCOUPANG INCCL A3,376,0003,241,400−134,600−4.0%$51.86M0.92%
UBERUBER TECHNOLOGIES INC COMStock1,403,6001,314,000−89,600−6.4%$41.65M0.74%
VIPSVIPSHOP HLDGS LTDSPONSORED ADS A18,989,1002,304,797−16,684,303−87.9%$34.99M0.62%
PLTKPLAYTIKA HLDG CORPCOM3,164,8003,092,000−72,800−2.3%$34.82M0.62%
NBPNOVABRIDGE BIOSCIENCESSPONSORED ADS7,182,8506,954,442−228,408−3.2%$24.06M0.43%
ATATATOUR LIFESTYLE HLDGS LTDSPONSORED ADS545,000477,904−67,096−12.3%$12.53M0.22%
AKERO THERAPEUTICS INC00973Y108COM315,502295,502−20,000−6.3%$11.31M0.20%
KNSAKINIKSA PHARMACEUTICALS LTDCOM CL A2,623,9241,018,091−1,605,833−61.2%$10.95M0.19%
SOHUSOHU COM LTDSPONSORED ADS802,034731,800−70,234−8.8%$10.78M0.19%
SNOWSNOWFLAKE INC COM SHSStock63,00055,700−7,300−11.6%$8.59M0.15%
DIREXION SHS ETF TR25459W54020YR TRES BULL1,200,000793,050−406,950−33.9%$7.04M0.12%
DYNDYNE THERAPEUTICS INCCOM939,648478,401−461,247−49.1%$5.51M0.10%
SMART SH GLOBAL LTD ADS83193E102ADR4,080,0004,007,331−72,669−1.8%$4.37M0.08%
MNSOMINISO GROUP HLDG LTDSPONSORED ADS252,322242,700−9,622−3.8%$4.31M0.08%
BZKANZHUN LIMITEDSPONSORED ADS1,506,199217,816−1,288,383−85.5%$4.15M0.07%
TUYATUYA INCSPONSERED ADS1,689,3591,599,700−89,659−5.3%$3.02M0.05%
JOYYJOYY INCADS REPSTG COM A100,00096,500−3,500−3.5%$3.01M0.05%
MOGUMOGU INCSPON ADS870,580847,510−23,070−2.6%$2.75M0.05%
PYXSPYXIS ONCOLOGY INCCOMMON STOCK764,406530,692−233,714−30.6%$2.13M0.04%
IQIQIYI INCSPONSORED ADS12,163,800172,300−11,991,500−98.6%$1.25M0.02%

Sold out (11)

Held at the end of Q4 2022, gone by the end of Q1 2023.

HHLR ADVISORS, LTD.: positions sold out in Q1 2023
SecurityClassShares, Q4 2022Value, Q4 2022% of portfolio, Q4 2022
INVESCO QQQ TRUST SERIES I46090E103ETF144,800$38.56M0.81%
JKSJINKOSOLAR HLDG CO LTDSPONSORED ADR654,049$26.74M0.56%
RUNSUNRUN INCCOM344,800$8.28M0.17%
TCOMTRIP COM GROUP LTDADS180,000$6.19M0.13%
ENPHENPHASE ENERGY INC COMStock19,300$5.11M0.11%
TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADSADR60,000$4.47M0.09%
PROSHARES TR74347X831ULTRAPRO QQQ230,000$3.98M0.08%
ALLOALLOGENE THERAPEUTICS INCCOM623,434$3.92M0.08%
MRNAMODERNA INC COMStock15,000$2.69M0.06%
IPSCCENTURY THERAPEUTICS INCCOM496,624$2.55M0.05%
SRZNSURROZEN INCCOM1,161,400$675.82K0.01%