Livermore

HHLR ADVISORS, LTD.

Superinvestor

HHLR Advisors (Hillhouse)

SEC CIK
0001762304
Manager
Zhang Lei
Style
Growth

Holdings, Q1 2026

Positions as of Mar 31, 2026, filed May 15, 2026.SEC

Positions
38
+5 vs. Q4 2025
Total value
$1.67B
−$1.43B (−46.1%) vs. Q4 2025

Compare with Q4 2025: new, added, reduced and sold out

Positions

Long positions only. Changes compare share counts with Q4 2025.

HHLR ADVISORS, LTD. holdings in Q1 2026
SecurityClassSharesValue% of portfolioChange in sharesActionHistory
PDDPDD HOLDINGS INCSPONSORED ADS4,165,029$425.58M25.44%−6,556,371−61.2%ReducedView
BABAALIBABA GROUP HLDG LTD SPONSORED ADSADR2,453,657$307.84M18.40%−2,976,689−54.8%ReducedView
ONCBEONE MEDICINES LTD SPONSORED ADSADR1,034,306$307.16M18.36%00.0%UnchangedView
FUTUFUTU HLDGS LTDSPON ADS CL A1,419,483$194.13M11.60%−210,766−12.9%ReducedView
LEGNLEGEND BIOTECH CORPSPONSORED ADS5,984,550$108.26M6.47%00.0%UnchangedView
AVBPARRIVENT BIOPHARMA INCCOM3,929,117$90.64M5.42%00.0%UnchangedView
BEKEKE HLDGS INCSPONSORED ADS4,236,278$63.42M3.79%00.0%UnchangedView
CLEARWATER ANALYTICS HLDGS I185123106CL A1,365,971$32.31M1.93%00.0%Unchanged–
CTKBCYTEK BIOSCIENCES INCCOM6,657,030$29.09M1.74%00.0%UnchangedView
MRVLMARVELL TECHNOLOGY INCCOM171,033$16.94M1.01%+171,033NewView
YSGYATSEN HLDG LTDSPONSORED ADS4,885,873$15.05M0.90%00.0%UnchangedView
NBPNOVABRIDGE BIOSCIENCESSPONSORED ADS5,980,568$14.71M0.88%00.0%UnchangedView
MAZEMAZE THERAPEUTICS INCCOM366,028$10.93M0.65%−91,507−20.0%ReducedView
CTNMCONTINEUM THERAPEUTICS INCCL A669,337$8.74M0.52%00.0%UnchangedView
APIAGORA INCADS2,098,553$7.43M0.44%00.0%UnchangedView
BULLWEBULL CORPORD SHS1,500,000$7.2M0.43%−4,474,604−74.9%ReducedView
TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADSADR15,520$5.24M0.31%+4,220+37.3%AddedView
SGMTSAGIMET BIOSCIENCES INCCOM SER A724,800$3.79M0.23%00.0%UnchangedView
TUYATUYA INCSPONSERED ADS1,564,400$3.61M0.22%00.0%UnchangedView
GEGE AEROSPACE COM NEWStock10,043$2.85M0.17%00.0%UnchangedView
VIPSVIPSHOP HLDGS LTDSPONSORED ADS A124,700$1.96M0.12%+124,700NewView
MOGUMOGU INCSPON ADS847,510$1.89M0.11%00.0%UnchangedView
GOSSGOSSAMER BIO INCCOM4,974,041$1.63M0.10%00.0%UnchangedView
INTCINTEL CORP COMStock28,970$1.28M0.08%+28,970NewView
PACBPACIFIC BIOSCIENCES CALIF INCOM918,892$1.21M0.07%00.0%UnchangedView
EQXEQUINOX GOLD CORPCOM80,500$1.16M0.07%00.0%UnchangedView
NVDANVIDIA CORPORATION COMStock6,610$1.15M0.07%+6,610NewView
LITELUMENTUM HLDGS INCCOM1,500$1.05M0.06%+1,500NewView
GLWCORNING INCCOM7,700$1.05M0.06%+7,700NewView
BBARRICK MNG CORP COM SHSStock25,400$1.04M0.06%00.0%UnchangedView
COHRCOHERENT CORPCOM4,275$1.02M0.06%+4,275NewView
DDLDINGDONG CAYMAN LTDADS354,500$911.07K0.05%+354,500NewView
AXIAYAXIA ENERGIA SASPONSORED ADR63,100$711.77K0.04%−33,500−34.7%ReducedView
ISHARES INC464286822MSCI MEXICO ETF8,800$662.02K0.04%+8,800New–
ALGSALIGOS THERAPEUTICS INCCOM NEW76,247$566.52K0.03%00.0%UnchangedView
VNETVNET GROUP INCSPONSORED ADS A65,100$546.19K0.03%+12,000+22.6%AddedView
UXINUXIN LTDSPONSORED ADS19,156$58.81K0.00%00.0%UnchangedView
RDGTCHINA JO-JO DRUGSTORES INCSHS NEW20,167$6570.00%00.0%UnchangedView

Sold out since Q4 2025 (4)

Positions held at the end of Q4 2025 that are no longer in this filing.

HHLR ADVISORS, LTD. positions sold out since Q4 2025
SecurityClassShares, Q4 2025Value, Q4 2025% of portfolio, Q4 2025
GOOGLALPHABET INC CAP STK CL AStock7,300$2.28M0.07%
IBITISHARES BITCOIN TRUST ETFETF35,300$1.75M0.06%
MCOMOODYS CORP COMStock2,888$1.48M0.05%
AXICYAXIA ENERGIA SASPON ADS PF CL C25,390$218.86K0.01%

13F filings by quarter

HHLR ADVISORS, LTD. 13F filings by quarter
QuarterFiledPositionsTotal valueChangesFiling
Q2 2026Aug 14, 202635$832.07Mvs. Q1 2026SEC
Q1 2026May 15, 202638$1.67Bvs. Q4 2025SEC
Q4 2025Feb 17, 202633$3.1Bvs. Q3 2025SEC
Q3 2025Nov 14, 202533$4.09Bvs. Q2 2025SEC
Q2 2025Aug 14, 202536$3.1Bvs. Q1 2025SEC
Q1 2025May 15, 202549$3.54Bvs. Q4 2024SEC
Q4 2024Feb 14, 202545$2.89Bvs. Q3 2024SEC
Q3 2024Nov 14, 202448$4.56Bvs. Q2 2024SEC
Q2 2024Aug 14, 202478$4.05Bvs. Q1 2024SEC
Q1 2024May 14, 202463$4.6Bvs. Q4 2023SEC
Q4 2023Feb 14, 202449$4.96Bvs. Q3 2023SEC
Q3 2023Nov 14, 202360$4.48Bvs. Q2 2023SEC
Q2 2023Aug 14, 202360$4.7Bvs. Q1 2023SEC
Q1 2023May 15, 202370$5.64Bvs. Q4 2022SEC
Q4 2022Feb 14, 202367$4.74Bvs. Q3 2022SEC
Q3 2022Nov 14, 202261$3.8Bvs. Q2 2022SEC
Q2 2022Aug 15, 202264$4.67Bvs. Q1 2022SEC
Q1 2022May 16, 202264$4.79Bvs. Q4 2021SEC
Q4 2021Feb 14, 202276$6.47Bvs. Q3 2021SEC
Q3 2021Nov 15, 202185$7.65Bvs. Q2 2021SEC
Q2 2021Aug 16, 202189$9.71Bvs. Q1 2021SEC
Q1 2021May 17, 202191$10.12B–SEC