Livermore

HHLR ADVISORS, LTD.

Superinvestor

HHLR Advisors (Hillhouse)

SEC CIK
0001762304
Manager
Zhang Lei
Style
Growth

Holdings, Q1 2025

Positions as of Mar 31, 2025, filed May 15, 2025.SEC

Positions
49
+4 vs. Q4 2024
Total value
$3.54B
+$652.21M (+22.6%) vs. Q4 2024

Compare with Q4 2024: new, added, reduced and sold out

Positions

Long positions only. Changes compare share counts with Q4 2024.

HHLR ADVISORS, LTD. holdings in Q1 2025
SecurityClassSharesValue% of portfolioChange in sharesActionHistory
PDDPDD HOLDINGS INCSPONSORED ADS6,562,576$776.68M21.94%+3,832,301+140.4%AddedView
BABAALIBABA GROUP HLDG LTD SPONSORED ADSADR3,907,755$516.72M14.60%−979,545−20.0%ReducedView
FUTUFUTU HLDGS LTDSPON ADS CL A4,307,492$440.87M12.46%+3,189,189+285.2%AddedView
ONCBEONE MEDICINES LTD SPONSORED ADSADR1,034,306$281.51M7.95%−2,770,100−72.8%ReducedView
NTESNETEASE COM INCSPONSORED ADS2,668,697$274.66M7.76%+79,754+3.1%AddedView
BEKEKE HLDGS INCSPONSORED ADS11,973,402$240.55M6.80%+712,126+6.3%AddedView
LEGNLEGEND BIOTECH CORPSPONSORED ADS5,984,550$203.06M5.74%00.0%UnchangedView
JDJD.COM INCSPON ADS CL A4,811,700$197.86M5.59%+3,121,700+184.7%AddedView
VIPSVIPSHOP HLDGS LTDSPONSORED ADS A6,683,901$104.8M2.96%−8,196,101−55.1%ReducedView
WNS HLDGS LTDG98196101COM SHS1,531,466$94.17M2.66%00.0%Unchanged–
AVBPARRIVENT BIOPHARMA INCCOM4,484,672$82.92M2.34%00.0%UnchangedView
TCOMTRIP COM GROUP LTDADS938,842$59.69M1.69%+25,000+2.7%AddedView
ENFUSION INC292812104CL A4,975,183$55.47M1.57%00.0%Unchanged–
YSGYATSEN HLDG LTDSPONSORED ADS6,885,873$33.12M0.94%00.0%UnchangedView
CTKBCYTEK BIOSCIENCES INCCOM6,657,030$26.69M0.75%00.0%UnchangedView
BIDUBAIDU INC SPON ADR REP AADR170,000$15.65M0.44%+170,000NewView
LILI AUTO INCSPONSORED ADS620,000$15.62M0.44%+620,000NewView
YUMCYUM CHINA HLDGS INCCOM292,122$15.21M0.43%+292,122NewView
ZTOZTO EXPRESS CAYMAN INCSPONSORED ADS A671,387$13.32M0.38%+235,460+54.0%AddedView
BZKANZHUN LIMITEDSPONSORED ADS576,339$11.05M0.31%+576,339NewView
HTHTH WORLD GROUP LTDSPONSORED ADS237,332$8.78M0.25%+237,332NewView
APIAGORA INCADS2,098,553$8.44M0.24%00.0%UnchangedView
ATATATOUR LIFESTYLE HLDGS LTDSPONSORED ADS242,342$6.87M0.19%+242,342NewView
TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADSADR33,000$5.48M0.15%−9,588−22.5%ReducedView
GOSSGOSSAMER BIO INCCOM4,974,041$5.47M0.15%00.0%UnchangedView
MAZEMAZE THERAPEUTICS INCCOM457,535$5.04M0.14%+457,535NewView
NBPNOVABRIDGE BIOSCIENCESSPONSORED ADS5,980,568$4.93M0.14%00.0%UnchangedView
TUYATUYA INCSPONSERED ADS1,564,400$4.74M0.13%00.0%UnchangedView
CTNMCONTINEUM THERAPEUTICS INCCL A669,337$4.67M0.13%00.0%UnchangedView
SMART SH GLOBAL LTD ADS83193E102ADR3,949,700$4.42M0.12%00.0%Unchanged–
SOHUSOHU COM LTDSPONSORED ADS201,432$2.65M0.07%−309,052−60.5%ReducedView
SGMTSAGIMET BIOSCIENCES INCCOM SER A724,800$2.36M0.07%00.0%UnchangedView
MOGUMOGU INCSPON ADS847,510$1.87M0.05%00.0%UnchangedView
BRIGHT SCHOLAR ED HLDGS LTD109199208SPON ADS NEW988,143$1.65M0.05%00.0%Unchanged–
DHRDANAHER CORP DEL COMStock8,026$1.65M0.05%−5,053−38.6%ReducedView
JOYYJOYY INCADS REPSTG COM A34,000$1.43M0.04%+4,000+13.3%AddedView
GEGE AEROSPACE COM NEWStock6,757$1.35M0.04%−3,571−34.6%ReducedView
MCOMOODYS CORP COMStock2,637$1.23M0.03%−1,840−41.1%ReducedView
MSCIMSCI INC COMStock2,128$1.2M0.03%−1,522−41.7%ReducedView
CYDCHINA YUCHAI INTL LTDCOM70,000$1.19M0.03%+70,000NewView
PACBPACIFIC BIOSCIENCES CALIF INCOM918,892$1.08M0.03%00.0%UnchangedView
WBWEIBO CORPSPONSORED ADR100,000$947K0.03%+100,000NewView
XYFX FINLSPONSORED ADS50,000$719.5K0.02%+50,000NewView
ALGSALIGOS THERAPEUTICS INCCOM NEW76,247$629.04K0.02%00.0%UnchangedView
ECXECARX HOLDINGS INCCLASS A ORD400,000$504K0.01%+400,000NewView
MGXMETAGENOMI THERAPEUTICS INCCOM150,699$204.95K0.01%−627,069−80.6%ReducedView
LAKESHORE BIOPHARMA CO LTDG9845F208ORD SHS NEW75,179$181.93K0.01%00.0%Unchanged–
UXINUXIN LTDSPONSORED ADS19,156$76.43K0.00%00.0%UnchangedView
RDGTCHINA JO-JO DRUGSTORES INCSHS NEW20,167$21.18K0.00%00.0%UnchangedView

Sold out since Q4 2024 (7)

Positions held at the end of Q4 2024 that are no longer in this filing.

HHLR ADVISORS, LTD. positions sold out since Q4 2024
SecurityClassShares, Q4 2024Value, Q4 2024% of portfolio, Q4 2024
KNSAKINIKSA PHARMACEUTICALS INTLORD SHS CL A1,582,635$31.3M1.08%
BBIOBRIDGEBIO PHARMA INCCOM1,023,950$28.1M0.97%
GEVGE VERNOVA INC COMStock7,826$2.57M0.09%
TTTRANE TECHNOLOGIES PLCSHS2,338$863.54K0.03%
DADA NEXUS LTD23344D108ADS700,000$847K0.03%
PYXSPYXIS ONCOLOGY INCCOMMON STOCK382,606$596.87K0.02%
MOMOHELLO GROUP INCADS53,590$413.18K0.01%

13F filings by quarter

HHLR ADVISORS, LTD. 13F filings by quarter
QuarterFiledPositionsTotal valueChangesFiling
Q2 2026Aug 14, 202635$832.07Mvs. Q1 2026SEC
Q1 2026May 15, 202638$1.67Bvs. Q4 2025SEC
Q4 2025Feb 17, 202633$3.1Bvs. Q3 2025SEC
Q3 2025Nov 14, 202533$4.09Bvs. Q2 2025SEC
Q2 2025Aug 14, 202536$3.1Bvs. Q1 2025SEC
Q1 2025May 15, 202549$3.54Bvs. Q4 2024SEC
Q4 2024Feb 14, 202545$2.89Bvs. Q3 2024SEC
Q3 2024Nov 14, 202448$4.56Bvs. Q2 2024SEC
Q2 2024Aug 14, 202478$4.05Bvs. Q1 2024SEC
Q1 2024May 14, 202463$4.6Bvs. Q4 2023SEC
Q4 2023Feb 14, 202449$4.96Bvs. Q3 2023SEC
Q3 2023Nov 14, 202360$4.48Bvs. Q2 2023SEC
Q2 2023Aug 14, 202360$4.7Bvs. Q1 2023SEC
Q1 2023May 15, 202370$5.64Bvs. Q4 2022SEC
Q4 2022Feb 14, 202367$4.74Bvs. Q3 2022SEC
Q3 2022Nov 14, 202261$3.8Bvs. Q2 2022SEC
Q2 2022Aug 15, 202264$4.67Bvs. Q1 2022SEC
Q1 2022May 16, 202264$4.79Bvs. Q4 2021SEC
Q4 2021Feb 14, 202276$6.47Bvs. Q3 2021SEC
Q3 2021Nov 15, 202185$7.65Bvs. Q2 2021SEC
Q2 2021Aug 16, 202189$9.71Bvs. Q1 2021SEC
Q1 2021May 17, 202191$10.12B–SEC