HHLR ADVISORS, LTD.
SuperinvestorHHLR Advisors (Hillhouse)
- SEC CIK
- 0001762304
- Manager
- Zhang Lei
- Style
- Growth
Q4 2025 vs. Q3 2025
Positions are compared by share count, long positions only.
All holdings in Q4 2025All holdings in Q3 2025
| Measure | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Positions | 33 | 33 | 0 |
| Total value | $4.09B | $3.1B | −$987.08M (−24.1%) |
New positions (6)
Held at the end of Q4 2025 but not at the end of Q3 2025.
| Security | Class | Shares, Q4 2025 | Value, Q4 2025 | % of portfolio, Q4 2025 |
|---|---|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS | ADR | 11,300 | $3.43M | 0.11% |
| GOOGLALPHABET INC CAP STK CL A | Stock | 7,300 | $2.28M | 0.07% |
| IBITISHARES BITCOIN TRUST ETF | ETF | 35,300 | $1.75M | 0.06% |
| AXIAYAXIA ENERGIA SA | SPONSORED ADR | 96,600 | $884.86K | 0.03% |
| VNETVNET GROUP INC | SPONSORED ADS A | 53,100 | $449.23K | 0.01% |
| AXICYAXIA ENERGIA SA | SPON ADS PF CL C | 25,390 | $218.86K | 0.01% |
Added (2)
More shares at the end of Q4 2025 than at the end of Q3 2025.
| Security | Class | Shares, Q3 2025 | Shares, Q4 2025 | Change in shares | Value, Q4 2025 | % of portfolio, Q4 2025 |
|---|---|---|---|---|---|---|
| PDDPDD HOLDINGS INC | SPONSORED ADS | 8,592,600 | 10,721,400 | +2,128,800+24.8% | $1.22B | 39.17% |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | ADR | 3,289,666 | 5,430,346 | +2,140,680+65.1% | $795.98M | 25.65% |
Reduced (3)
Fewer shares at the end of Q4 2025 than at the end of Q3 2025.
| Security | Class | Shares, Q3 2025 | Shares, Q4 2025 | Change in shares | Value, Q4 2025 | % of portfolio, Q4 2025 |
|---|---|---|---|---|---|---|
| FUTUFUTU HLDGS LTD | SPON ADS CL A | 3,238,179 | 1,630,249 | −1,607,930−49.7% | $267.7M | 8.63% |
| AVBPARRIVENT BIOPHARMA INC | COM | 4,484,672 | 3,929,117 | −555,555−12.4% | $79.05M | 2.55% |
| BULLWEBULL CORP | ORD SHS | 33,080,846 | 5,974,604 | −27,106,242−81.9% | $46.42M | 1.50% |
Sold out (6)
Held at the end of Q3 2025, gone by the end of Q4 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% |
| NTESNETEASE COM INC | SPONSORED ADS | 790,807 | $120.19M | 2.94% |
| YMMFULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 4,066,553 | $52.74M | 1.29% |
| SESEA LTD | SPONSORD ADS | 180,050 | $32.18M | 0.79% |
| SMART SH GLOBAL LTD ADS83193E102 | ADR | 3,949,700 | $5.33M | 0.13% |
| BRIGHT SCHOLAR ED HLDGS LTD109199208 | SPON ADS NEW | 988,143 | $1.93M | 0.05% |