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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 Q4 2024

Holdings as of Dec 31, 2024, filed Feb 14, 2025. Long positions only; changes compare share counts with Q3 2024.

Institution overview
Positions
45
−3 vs. Q3 2024
Portfolio value
$2.89B
−$1.67B (−36.6%) vs. Q3 2024
Filed
Feb 14, 2025
SEC
Holdings of HHLR Advisors (Hillhouse) in Q4 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
ONCBeOne Medicines Ltd.ADR3,804,406$702.7M24.3%−1,372,500−26.5%ReducedHistory
BABAAlibaba Group Holding LtdADR4,887,300$414.4M14.4%−3,940,300−44.6%ReducedHistory
PDDPDD Holdings Inc.SPONSORED ADS2,730,275$264.8M9.2%−2,036,505−42.7%ReducedHistory
NTESNetEase, Inc.SPONSORED ADS2,588,943$231.0M8.0%00.0%UnchangedHistory
BEKEKE Holdings Inc.SPONSORED ADS11,261,276$207.4M7.2%+392,588+3.6%AddedHistory
VIPSVipshop Holdings LtdSPONSORED ADS A14,880,002$200.4M6.9%−840,320−5.3%ReducedHistory
LEGNLegend Biotech CorpSPONSORED ADS5,984,550$194.7M6.7%−651,946−9.8%ReducedHistory
AVBPArriVent BioPharma, Inc.COM4,484,672$119.5M4.1%00.0%UnchangedHistory
FUTUFutu Holdings LtdSPON ADS CL A1,118,303$89.5M3.1%+67,214+6.4%AddedHistory
WNSWNS (Holdings) LtdCOM SHS1,531,466$72.6M2.5%+1,531,466NewHistory
TCOMTrip.com Group LtdADS913,842$62.7M2.2%−860,590−48.5%ReducedHistory
JDJD.com, Inc.SPON ADS CL A1,690,000$58.6M2.0%+90,000+5.6%AddedHistory
ENFNEnfusion, Inc.CL A4,975,183$51.2M1.8%00.0%UnchangedHistory
CTKBCytek Biosciences, Inc.COM6,657,030$43.2M1.5%00.0%UnchangedHistory
KNSAKiniksa Pharmaceuticals International, plcORD SHS CL A1,582,635$31.3M1.1%00.0%UnchangedHistory
BBIOBridgeBio Pharma, Inc.COM1,023,950$28.1M1.0%00.0%UnchangedHistory
YSGYatsen Holding LtdSPONSORED ADS6,885,873$27.4M0.9%−101,966−1.5%ReducedHistory
CTNMContineum Therapeutics, Inc.CL A669,337$9.81M0.3%00.0%UnchangedHistory
APIAgora, Inc.ADS2,098,553$8.73M0.3%+2,098,553NewHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A435,927$8.52M0.3%−2,567,081−85.5%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR42,588$8.41M0.3%+23,193+119.6%AddedHistory
SOHUSohu.com LtdSPONSORED ADS510,484$6.73M0.2%−202,916−28.4%ReducedHistory
NBPNovaBridge BiosciencesSPONSORED ADS5,980,568$5.08M0.2%−928,652−13.4%ReducedHistory
GOSSGossamer Bio, Inc.COM4,974,041$4.50M0.2%00.0%UnchangedHistory
SGMTSagimet Biosciences Inc.COM SER A724,800$3.26M0.1%00.0%UnchangedHistory
ALGSAligos Therapeutics, Inc.COM NEW76,247$3.04M0.1%00.0%UnchangedHistory
DHRDanaher CorpStock13,079$3.00M0.1%+3,975+43.7%AddedHistory
MGXMetagenomi Therapeutics, Inc.COM777,768$2.81M0.1%00.0%UnchangedHistory
TUYATuya Inc.SPONSERED ADS1,564,400$2.80M0.1%00.0%UnchangedHistory
Smart SH Global Ltd ADS83193E102ADR3,949,700$2.76M0.1%00.0%Unchanged–
GEVGE Vernova Inc.Stock7,826$2.57M0.1%+80+1.0%AddedHistory
MSCIMSCI Inc.Stock3,650$2.19M0.1%+3,650NewHistory
MCOMoodys CorpStock4,477$2.12M0.1%+2,975+198.1%AddedHistory
MOGUMOGU Inc.SPON ADS847,510$1.84M0.1%00.0%UnchangedHistory
GEGeneral Electric CoStock10,328$1.72M0.1%+4,615+80.8%AddedHistory
Bright Scholar Ed Hldgs Ltd109199208SPON ADS NEW988,143$1.70M0.1%00.0%Unchanged–
PACBPacific Biosciences of California, Inc.COM918,892$1.68M0.1%00.0%UnchangedHistory
JOYYJOYY Inc.ADS REPSTG COM A30,000$1.26M<0.1%00.0%UnchangedHistory
TTTrane Technologies plcSHS2,338$863.5K<0.1%+1,585+210.5%AddedHistory
Dada Nexus Ltd23344D108ADS700,000$847.0K<0.1%+100,000+16.7%Added–
PYXSPyxis Oncology, Inc.COMMON STOCK382,606$596.9K<0.1%00.0%UnchangedHistory
MOMOHello Group Inc.ADS53,590$413.2K<0.1%+53,590NewHistory
Lakeshore Biopharma Co LtdG9845F208ORD SHS NEW75,179$259.4K<0.1%+75,179New–
UXINUxin LtdSPONSORED ADS19,156$88.7K<0.1%00.0%UnchangedHistory
RDGTRidgetech Inc.SHS NEW20,167$35.3K<0.1%00.0%UnchangedHistory

Sold out since Q3 2024 (8)

Positions held at the end of Q3 2024 that are gone from this filing.

Positions of HHLR Advisors (Hillhouse) sold out since Q3 2024
SecurityClassShares in Q3 2024Value in Q3 2024% of portfolio in Q3 2024History
BIDUBaidu, Inc.ADR300,000$31.6M0.7%History
YUMCYum China Holdings, Inc.COM665,863$30.0M0.7%History
HTHTH World Group LtdSPONSORED ADS568,613$21.2M0.5%History
Zeekr Intelligent Technology98923K103SPON ADS145,000$3.23M0.1%–
Global X Uranium ETF37954Y871ETF100,000$2.86M0.1%–
Kraneshares Trust500767306CSI CHI INTERNET79,500$2.70M0.1%–
METAMeta Platforms, Inc.Stock4,000$2.29M0.1%History
Ys Biopharma Co LtdG9845F109ORDINARY SHARES751,790$512.7K<0.1%–