HHLR ADVISORS, LTD.
SuperinvestorHHLR Advisors (Hillhouse)
- SEC CIK
- 0001762304
- Manager
- Zhang Lei
- Style
- Growth
Q3 2025 vs. Q2 2025
Positions are compared by share count, long positions only.
All holdings in Q3 2025All holdings in Q2 2025
| Measure | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Positions | 36 | 33 | −3 |
| Total value | $3.1B | $4.09B | +$986.25M (+31.8%) |
New positions (5)
Held at the end of Q3 2025 but not at the end of Q2 2025.
| Security | Class | Shares, Q3 2025 | Value, Q3 2025 | % of portfolio, Q3 2025 |
|---|---|---|---|---|
| BIDUBAIDU INC SPON ADR REP A | ADR | 1,641,000 | $216.23M | 5.29% |
| YMMFULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 4,066,553 | $52.74M | 1.29% |
| SESEA LTD | SPONSORD ADS | 180,050 | $32.18M | 0.79% |
| EQXEQUINOX GOLD CORP | COM | 80,500 | $902.81K | 0.02% |
| BBARRICK MNG CORP COM SHS | Stock | 25,400 | $832.36K | 0.02% |
Added (4)
More shares at the end of Q3 2025 than at the end of Q2 2025.
| Security | Class | Shares, Q2 2025 | Shares, Q3 2025 | Change in shares | Value, Q3 2025 | % of portfolio, Q3 2025 |
|---|---|---|---|---|---|---|
| PDDPDD HOLDINGS INC | SPONSORED ADS | 6,976,804 | 8,592,600 | +1,615,796+23.2% | $1.14B | 27.76% |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | ADR | 1,149,700 | 3,289,666 | +2,139,966+186.1% | $587.96M | 14.37% |
| GEGE AEROSPACE COM NEW | Stock | 6,305 | 10,043 | +3,738+59.3% | $3.02M | 0.07% |
| MCOMOODYS CORP COM | Stock | 2,476 | 2,888 | +412+16.6% | $1.38M | 0.03% |
Reduced (4)
Fewer shares at the end of Q3 2025 than at the end of Q2 2025.
| Security | Class | Shares, Q2 2025 | Shares, Q3 2025 | Change in shares | Value, Q3 2025 | % of portfolio, Q3 2025 |
|---|---|---|---|---|---|---|
| FUTUFUTU HLDGS LTD | SPON ADS CL A | 4,312,237 | 3,238,179 | −1,074,058−24.9% | $563.15M | 13.77% |
| NTESNETEASE COM INC | SPONSORED ADS | 1,663,668 | 790,807 | −872,861−52.5% | $120.19M | 2.94% |
| BEKEKE HLDGS INC | SPONSORED ADS | 7,465,465 | 4,236,278 | −3,229,187−43.3% | $80.49M | 1.97% |
| YSGYATSEN HLDG LTD | SPONSORED ADS | 6,111,933 | 4,885,873 | −1,226,060−20.1% | $44.27M | 1.08% |
Sold out (8)
Held at the end of Q2 2025, gone by the end of Q3 2025.
| Security | Class | Shares, Q2 2025 | Value, Q2 2025 | % of portfolio, Q2 2025 |
|---|---|---|---|---|
| WNS HLDGS LTDG98196101 | COM SHS | 1,531,466 | $96.85M | 3.12% |
| JDJD.COM INC | SPON ADS CL A | 2,275,500 | $74.27M | 2.39% |
| VIPSVIPSHOP HLDGS LTD | SPONSORED ADS A | 1,131,788 | $17.03M | 0.55% |
| LILI AUTO INC | SPONSORED ADS | 620,000 | $16.81M | 0.54% |
| ZTOZTO EXPRESS CAYMAN INC | SPONSORED ADS A | 671,387 | $11.92M | 0.38% |
| BZKANZHUN LIMITED | SPONSORED ADS | 576,339 | $10.28M | 0.33% |
| MSCIMSCI INC COM | Stock | 2,008 | $1.16M | 0.04% |
| LAKESHORE BIOPHARMA CO LTDG9845F208 | ORD SHS NEW | 75,179 | $76.68K | 0.00% |