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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 Q1 2025

Holdings as of Mar 31, 2025, filed May 15, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
49
+4 vs. Q4 2024
Portfolio value
$3.54B
+$652.2M (+22.6%) vs. Q4 2024
Filed
May 15, 2025
SEC
Holdings of HHLR Advisors (Hillhouse) in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
RDGTRidgetech Inc.SHS NEW20,167$21.2K<0.1%00.0%UnchangedHistory
UXINUxin LtdSPONSORED ADS19,156$76.4K<0.1%00.0%UnchangedHistory
Lakeshore Biopharma Co LtdG9845F208ORD SHS NEW75,179$181.9K<0.1%00.0%Unchanged–
MGXMetagenomi Therapeutics, Inc.COM150,699$205.0K<0.1%−627,069−80.6%ReducedHistory
ECXECARX Holdings Inc.CLASS A ORD400,000$504.0K<0.1%+400,000NewHistory
ALGSAligos Therapeutics, Inc.COM NEW76,247$629.0K<0.1%00.0%UnchangedHistory
XYFX FinancialSPONSORED ADS50,000$719.5K<0.1%+50,000NewHistory
WBWEIBO CorpSPONSORED ADR100,000$947.0K<0.1%+100,000NewHistory
PACBPacific Biosciences of California, Inc.COM918,892$1.08M<0.1%00.0%UnchangedHistory
CYDChina Yuchai International LtdCOM70,000$1.19M<0.1%+70,000NewHistory
MSCIMSCI Inc.Stock2,128$1.20M<0.1%−1,522−41.7%ReducedHistory
MCOMoodys CorpStock2,637$1.23M<0.1%−1,840−41.1%ReducedHistory
GEGeneral Electric CoStock6,757$1.35M<0.1%−3,571−34.6%ReducedHistory
JOYYJOYY Inc.ADS REPSTG COM A34,000$1.43M<0.1%+4,000+13.3%AddedHistory
DHRDanaher CorpStock8,026$1.65M<0.1%−5,053−38.6%ReducedHistory
Bright Scholar Ed Hldgs Ltd109199208SPON ADS NEW988,143$1.65M<0.1%00.0%Unchanged–
MOGUMOGU Inc.SPON ADS847,510$1.87M0.1%00.0%UnchangedHistory
SGMTSagimet Biosciences Inc.COM SER A724,800$2.36M0.1%00.0%UnchangedHistory
SOHUSohu.com LtdSPONSORED ADS201,432$2.65M0.1%−309,052−60.5%ReducedHistory
Smart SH Global Ltd ADS83193E102ADR3,949,700$4.42M0.1%00.0%Unchanged–
CTNMContineum Therapeutics, Inc.CL A669,337$4.67M0.1%00.0%UnchangedHistory
TUYATuya Inc.SPONSERED ADS1,564,400$4.74M0.1%00.0%UnchangedHistory
NBPNovaBridge BiosciencesSPONSORED ADS5,980,568$4.93M0.1%00.0%UnchangedHistory
MAZEMaze Therapeutics, Inc.COM457,535$5.04M0.1%+457,535NewHistory
GOSSGossamer Bio, Inc.COM4,974,041$5.47M0.2%00.0%UnchangedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR33,000$5.48M0.2%−9,588−22.5%ReducedHistory
ATATAtour Lifestyle Holdings LtdSPONSORED ADS242,342$6.87M0.2%+242,342NewHistory
APIAgora, Inc.ADS2,098,553$8.44M0.2%00.0%UnchangedHistory
HTHTH World Group LtdSPONSORED ADS237,332$8.78M0.2%+237,332NewHistory
BZKanzhun LtdSPONSORED ADS576,339$11.0M0.3%+576,339NewHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A671,387$13.3M0.4%+235,460+54.0%AddedHistory
YUMCYum China Holdings, Inc.COM292,122$15.2M0.4%+292,122NewHistory
LILi Auto Inc.SPONSORED ADS620,000$15.6M0.4%+620,000NewHistory
BIDUBaidu, Inc.ADR170,000$15.6M0.4%+170,000NewHistory
CTKBCytek Biosciences, Inc.COM6,657,030$26.7M0.8%00.0%UnchangedHistory
YSGYatsen Holding LtdSPONSORED ADS6,885,873$33.1M0.9%00.0%UnchangedHistory
ENFNEnfusion, Inc.CL A4,975,183$55.5M1.6%00.0%UnchangedHistory
TCOMTrip.com Group LtdADS938,842$59.7M1.7%+25,000+2.7%AddedHistory
AVBPArriVent BioPharma, Inc.COM4,484,672$82.9M2.3%00.0%UnchangedHistory
WNSWNS (Holdings) LtdCOM SHS1,531,466$94.2M2.7%00.0%UnchangedHistory
VIPSVipshop Holdings LtdSPONSORED ADS A6,683,901$104.8M3.0%−8,196,101−55.1%ReducedHistory
JDJD.com, Inc.SPON ADS CL A4,811,700$197.9M5.6%+3,121,700+184.7%AddedHistory
LEGNLegend Biotech CorpSPONSORED ADS5,984,550$203.1M5.7%00.0%UnchangedHistory
BEKEKE Holdings Inc.SPONSORED ADS11,973,402$240.5M6.8%+712,126+6.3%AddedHistory
NTESNetEase, Inc.SPONSORED ADS2,668,697$274.7M7.8%+79,754+3.1%AddedHistory
ONCBeOne Medicines Ltd.ADR1,034,306$281.5M8.0%−2,770,100−72.8%ReducedHistory
FUTUFutu Holdings LtdSPON ADS CL A4,307,492$440.9M12.5%+3,189,189+285.2%AddedHistory
BABAAlibaba Group Holding LtdADR3,907,755$516.7M14.6%−979,545−20.0%ReducedHistory
PDDPDD Holdings Inc.SPONSORED ADS6,562,576$776.7M21.9%+3,832,301+140.4%AddedHistory

Sold out since Q4 2024 (7)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of HHLR Advisors (Hillhouse) sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
KNSAKiniksa Pharmaceuticals International, plcORD SHS CL A1,582,635$31.3M1.1%History
BBIOBridgeBio Pharma, Inc.COM1,023,950$28.1M1.0%History
GEVGE Vernova Inc.Stock7,826$2.57M0.1%History
TTTrane Technologies plcSHS2,338$863.5K<0.1%History
Dada Nexus Ltd23344D108ADS700,000$847.0K<0.1%–
PYXSPyxis Oncology, Inc.COMMON STOCK382,606$596.9K<0.1%History
MOMOHello Group Inc.ADS53,590$413.2K<0.1%History