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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 2025

Holdings as of Jun 30, 2025, filed Aug 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
36
−13 vs. Q1 2025
Portfolio value
$3.10B
−$434.9M (−12.3%) vs. Q1 2025
Filed
Aug 14, 2025
SEC
Holdings of HHLR Advisors (Hillhouse) in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
RDGTRidgetech Inc.SHS NEW20,167$22.2K<0.1%00.0%UnchangedHistory
UXINUxin LtdSPONSORED ADS19,156$70.5K<0.1%00.0%UnchangedHistory
Lakeshore Biopharma Co LtdG9845F208ORD SHS NEW75,179$76.7K<0.1%00.0%Unchanged–
ALGSAligos Therapeutics, Inc.COM NEW76,247$549.7K<0.1%00.0%UnchangedHistory
PACBPacific Biosciences of California, Inc.COM918,892$1.14M<0.1%00.0%UnchangedHistory
MSCIMSCI Inc.Stock2,008$1.16M<0.1%−120−5.6%ReducedHistory
MCOMoodys CorpStock2,476$1.24M<0.1%−161−6.1%ReducedHistory
GEGeneral Electric CoStock6,305$1.62M0.1%−452−6.7%ReducedHistory
Bright Scholar Ed Hldgs Ltd109199208SPON ADS NEW988,143$1.75M0.1%00.0%Unchanged–
MOGUMOGU Inc.SPON ADS847,510$1.80M0.1%00.0%UnchangedHistory
CTNMContineum Therapeutics, Inc.CL A669,337$2.66M0.1%00.0%UnchangedHistory
TUYATuya Inc.SPONSERED ADS1,564,400$3.61M0.1%00.0%UnchangedHistory
Smart SH Global Ltd ADS83193E102ADR3,949,700$4.50M0.1%00.0%Unchanged–
SGMTSagimet Biosciences Inc.COM SER A724,800$5.52M0.2%00.0%UnchangedHistory
MAZEMaze Therapeutics, Inc.COM457,535$5.61M0.2%00.0%UnchangedHistory
GOSSGossamer Bio, Inc.COM4,974,041$6.12M0.2%00.0%UnchangedHistory
APIAgora, Inc.ADS2,098,553$8.00M0.3%00.0%UnchangedHistory
BZKanzhun LtdSPONSORED ADS576,339$10.3M0.3%00.0%UnchangedHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A671,387$11.9M0.4%00.0%UnchangedHistory
NBPNovaBridge BiosciencesSPONSORED ADS5,980,568$14.5M0.5%00.0%UnchangedHistory
LILi Auto Inc.SPONSORED ADS620,000$16.8M0.5%00.0%UnchangedHistory
VIPSVipshop Holdings LtdSPONSORED ADS A1,131,788$17.0M0.5%−5,552,113−83.1%ReducedHistory
CTKBCytek Biosciences, Inc.COM6,657,030$22.6M0.7%00.0%UnchangedHistory
CWANClearwater Analytics Holdings, Inc.CL A1,365,971$30.0M1.0%+1,365,971NewHistory
YSGYatsen Holding LtdSPONSORED ADS6,111,933$58.9M1.9%−773,940−11.2%ReducedHistory
JDJD.com, Inc.SPON ADS CL A2,275,500$74.3M2.4%−2,536,200−52.7%ReducedHistory
WNSWNS (Holdings) LtdCOM SHS1,531,466$96.8M3.1%00.0%UnchangedHistory
AVBPArriVent BioPharma, Inc.COM4,484,672$97.6M3.1%00.0%UnchangedHistory
BABAAlibaba Group Holding LtdADR1,149,700$130.4M4.2%−2,758,055−70.6%ReducedHistory
BEKEKE Holdings Inc.SPONSORED ADS7,465,465$132.4M4.3%−4,507,937−37.6%ReducedHistory
LEGNLegend Biotech CorpSPONSORED ADS5,984,550$212.4M6.8%00.0%UnchangedHistory
NTESNetEase, Inc.SPONSORED ADS1,663,668$223.9M7.2%−1,005,029−37.7%ReducedHistory
ONCBeOne Medicines Ltd.ADR1,034,306$250.4M8.1%00.0%UnchangedHistory
BULLWebull CorpORD SHS33,080,846$395.6M12.7%+33,080,846NewHistory
FUTUFutu Holdings LtdSPON ADS CL A4,312,237$532.9M17.2%+4,745+0.1%AddedHistory
PDDPDD Holdings Inc.SPONSORED ADS6,976,804$730.2M23.5%+414,228+6.3%AddedHistory

Sold out since Q1 2025 (15)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of HHLR Advisors (Hillhouse) sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
TCOMTrip.com Group LtdADS938,842$59.7M1.7%History
ENFNEnfusion, Inc.CL A4,975,183$55.5M1.6%History
BIDUBaidu, Inc.ADR170,000$15.6M0.4%History
YUMCYum China Holdings, Inc.COM292,122$15.2M0.4%History
HTHTH World Group LtdSPONSORED ADS237,332$8.78M0.2%History
ATATAtour Lifestyle Holdings LtdSPONSORED ADS242,342$6.87M0.2%History
TSMTaiwan Semiconductor Manufacturing Co LtdADR33,000$5.48M0.2%History
SOHUSohu.com LtdSPONSORED ADS201,432$2.65M0.1%History
DHRDanaher CorpStock8,026$1.65M<0.1%History
JOYYJOYY Inc.ADS REPSTG COM A34,000$1.43M<0.1%History
CYDChina Yuchai International LtdCOM70,000$1.19M<0.1%History
WBWEIBO CorpSPONSORED ADR100,000$947.0K<0.1%History
XYFX FinancialSPONSORED ADS50,000$719.5K<0.1%History
ECXECARX Holdings Inc.CLASS A ORD400,000$504.0K<0.1%History
MGXMetagenomi Therapeutics, Inc.COM150,699$205.0K<0.1%History