HHLR Advisors (Hillhouse)
SuperinvestorHHLR Advisors, Ltd.
- SEC CIK
- 0001762304
- Manager
- Zhang Lei
- Style
- Growth
- Latest filing
- Aug 14, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 33
- 0 vs. Q3 2025
- Portfolio value
- $3.10B
- −$987.1M (−24.1%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| PDDPDD Holdings Inc. | SPONSORED ADS | 10,721,400 | $1.22B | 39.2% | +2,128,800+24.8% | Added | History |
| BABAAlibaba Group Holding Ltd | ADR | 5,430,346 | $796.0M | 25.6% | +2,140,680+65.1% | Added | History |
| ONCBeOne Medicines Ltd. | ADR | 1,034,306 | $314.2M | 10.1% | 00.0% | Unchanged | History |
| FUTUFutu Holdings Ltd | SPON ADS CL A | 1,630,249 | $267.7M | 8.6% | −1,607,930−49.7% | Reduced | History |
| LEGNLegend Biotech Corp | SPONSORED ADS | 5,984,550 | $130.1M | 4.2% | 00.0% | Unchanged | History |
| AVBPArriVent BioPharma, Inc. | COM | 3,929,117 | $79.1M | 2.5% | −555,555−12.4% | Reduced | History |
| BEKEKE Holdings Inc. | SPONSORED ADS | 4,236,278 | $66.8M | 2.2% | 00.0% | Unchanged | History |
| BULLWebull Corp | ORD SHS | 5,974,604 | $46.4M | 1.5% | −27,106,242−81.9% | Reduced | History |
| CTKBCytek Biosciences, Inc. | COM | 6,657,030 | $33.6M | 1.1% | 00.0% | Unchanged | History |
| CWANClearwater Analytics Holdings, Inc. | CL A | 1,365,971 | $32.9M | 1.1% | 00.0% | Unchanged | History |
| NBPNovaBridge Biosciences | SPONSORED ADS | 5,980,568 | $23.8M | 0.8% | 00.0% | Unchanged | History |
| YSGYatsen Holding Ltd | SPONSORED ADS | 4,885,873 | $19.0M | 0.6% | 00.0% | Unchanged | History |
| MAZEMaze Therapeutics, Inc. | COM | 457,535 | $19.0M | 0.6% | 00.0% | Unchanged | History |
| GOSSGossamer Bio, Inc. | COM | 4,974,041 | $15.4M | 0.5% | 00.0% | Unchanged | History |
| APIAgora, Inc. | ADS | 2,098,553 | $8.54M | 0.3% | 00.0% | Unchanged | History |
| CTNMContineum Therapeutics, Inc. | CL A | 669,337 | $7.65M | 0.2% | 00.0% | Unchanged | History |
| SGMTSagimet Biosciences Inc. | COM SER A | 724,800 | $4.29M | 0.1% | 00.0% | Unchanged | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 11,300 | $3.43M | 0.1% | +11,300 | New | History |
| TUYATuya Inc. | SPONSERED ADS | 1,564,400 | $3.30M | 0.1% | 00.0% | Unchanged | History |
| GEGeneral Electric Co | Stock | 10,043 | $3.09M | 0.1% | 00.0% | Unchanged | History |
| GOOGLAlphabet Inc. | Stock | 7,300 | $2.28M | 0.1% | +7,300 | New | History |
| MOGUMOGU Inc. | SPON ADS | 847,510 | $1.81M | 0.1% | 00.0% | Unchanged | History |
| IBITiShares Bitcoin Trust ETF | ETF | 35,300 | $1.75M | 0.1% | +35,300 | New | History |
| PACBPacific Biosciences of California, Inc. | COM | 918,892 | $1.72M | 0.1% | 00.0% | Unchanged | History |
| MCOMoodys Corp | Stock | 2,888 | $1.48M | <0.1% | 00.0% | Unchanged | History |
| EQXEquinox Gold Corp. | COM | 80,500 | $1.13M | <0.1% | 00.0% | Unchanged | History |
| BBarrick Mining Corp | Stock | 25,400 | $1.11M | <0.1% | 00.0% | Unchanged | History |
| AXIAYAXIA Energia S.A. | SPONSORED ADR | 96,600 | $884.9K | <0.1% | +96,600 | New | History |
| ALGSAligos Therapeutics, Inc. | COM NEW | 76,247 | $710.6K | <0.1% | 00.0% | Unchanged | History |
| VNETVNET Group, Inc. | SPONSORED ADS A | 53,100 | $449.2K | <0.1% | +53,100 | New | History |
| AXICYAXIA Energia S.A. | SPON ADS PF CL C | 25,390 | $218.9K | <0.1% | +25,390 | New | History |
| UXINUxin Ltd | SPONSORED ADS | 19,156 | $64.6K | <0.1% | 00.0% | Unchanged | History |
| RDGTRidgetech Inc. | SHS NEW | 20,167 | $57.5K | <0.1% | 00.0% | Unchanged | History |
Sold out since Q3 2025 (6)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| BIDUBaidu, Inc. | ADR | 1,641,000 | $216.2M | 5.3% | History |
| NTESNetEase, Inc. | SPONSORED ADS | 790,807 | $120.2M | 2.9% | History |
| YMMFull Truck Alliance Co. Ltd. | SPONSORED ADS | 4,066,553 | $52.7M | 1.3% | History |
| SESea Ltd | SPONSORD ADS | 180,050 | $32.2M | 0.8% | History |
| Smart SH Global Ltd ADS83193E102 | ADR | 3,949,700 | $5.33M | 0.1% | – |
| Bright Scholar Ed Hldgs Ltd109199208 | SPON ADS NEW | 988,143 | $1.93M | <0.1% | – |