Fund detail
HHLR Advisors / Hillhouse (Zhang Lei)
china, growth, hillhouse, active
Quarters
30
2025-03-31
$3.54B
Positions
49
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31
2019-12-31
2019-09-30
2019-06-30
2019-03-31
2018-12-31
Price is the latest implied close from the selected quarter's 13F (value ÷ shares). Est. Cost is a running average that assumes each quarter's trades cleared near the midpoint of consecutive 13F closes (or yfinance VWAP when available). Most accurate for slow accumulators, least accurate for activists who build positions in a few days.
| # | Issuer | Value ↓ | Weight | Shares | Share Δ | Share Δ % | Prev Weight | First Held | Price | Est. Cost | Unrealized % | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC PDD | $776.7M | 21.94% | 6,562,576 | +3,832,301 | +140.36% | 9.17% | 2018-12-31 | $118 | ~$102 | +16.26% | |
| 2 | ALIBABA GROUP HLDG LTD BABA | $516.7M | 14.60% | 3,907,755 | -979,545 | -20.04% | 14.35% | 2018-12-31 | $132 | ~$80 | +65.98% | |
| 3 | FUTU HLDGS LTD FUTU | $440.9M | 12.46% | 4,307,492 | +3,189,189 | +285.18% | 3.10% | 2020-09-30 | $102 | ~$85 | +20.80% | |
| 4 | BEIGENE LTD ONC | $281.5M | 7.95% | 1,034,306 | -2,770,100 | -72.81% | 24.34% | 2018-12-31 | $272 | ~$137 | +98.61% | |
| 5 | NETEASE INC NTES | $274.7M | 7.76% | 2,668,697 | +79,754 | +3.08% | 8.00% | 2021-03-31 | $103 | ~$97 | +6.09% | |
| 6 | KE HLDGS INC BEKE | $240.5M | 6.80% | 11,973,402 | +712,126 | +6.32% | 7.18% | 2020-09-30 | $20 | ~$22 | -9.43% | |
| 7 | LEGEND BIOTECH CORP LEGN | $203.1M | 5.74% | 5,984,550 | +0 | +0.00% | 6.74% | 2020-06-30 | $34 | ~$49 | -30.45% | |
| 8 | JD.COM INC JD | $197.9M | 5.59% | 4,811,700 | +3,121,700 | +184.72% | 2.03% | 2018-12-31 | $41 | ~$36 | +13.28% | |
| 9 | VIPSHOP HLDGS LTD VIPS | $104.8M | 2.96% | 6,683,901 | -8,196,101 | -55.08% | 6.94% | 2020-03-31 | $16 | ~$15 | +6.26% | |
| 10 | WNS HLDGS LTD | $94.2M | 2.66% | 1,531,466 | +0 | +0.00% | 2.51% | 2024-12-31 | $61 | ~$47 | +29.75% | |
| 11 | ARRIVENT BIOPHARMA INC AVBP | $82.9M | 2.34% | 4,484,672 | +0 | +0.00% | 4.14% | 2024-03-31 | $18 | ~$18 | +3.28% | |
| 12 | TRIP COM GROUP LTD TCOM | $59.7M | 1.69% | 938,842 | +25,000 | +2.74% | 2.17% | 2022-12-31 | $64 | ~$43 | +46.39% | |
| 13 | ENFUSION INC | $55.5M | 1.57% | 4,975,183 | +0 | +0.00% | 1.77% | 2021-12-31 | $11 | ~$21 | -46.75% | |
| 14 | YATSEN HLDG LTD YSG | $33.1M | 0.94% | 6,885,873 | +0 | +0.00% | 0.95% | 2024-03-31 | $5 | ~$2 | +127.96% | |
| 15 | CYTEK BIOSCIENCES INC CTKB | $26.7M | 0.75% | 6,657,030 | +0 | +0.00% | 1.50% | 2021-09-30 | $4 | ~$21 | -81.27% | |
| 16 | BAIDU INC BIDU | $15.6M | 0.44% | 170,000 | +170,000 | 2023-03-31 | $92 | ~$127 | -27.68% | |||
| 17 | LI AUTO INC LI | $15.6M | 0.44% | 620,000 | +620,000 | 2020-09-30 | $25 | ~$29 | -13.66% | |||
| 18 | YUM CHINA HLDGS INC YUMC | $15.2M | 0.43% | 292,122 | +292,122 | 2024-09-30 | $52 | ~$45 | +15.64% | |||
| 19 | ZTO EXPRESS CAYMAN INC ZTO | $13.3M | 0.38% | 671,387 | +235,460 | +54.01% | 0.30% | 2020-03-31 | $20 | ~$22 | -8.64% | |
| 20 | KANZHUN LIMITED BZ | $11.0M | 0.31% | 576,339 | +576,339 | 2021-06-30 | $19 | ~$20 | -6.12% | |||
| 21 | H WORLD GROUP LTD HTHT | $8.8M | 0.25% | 237,332 | +237,332 | 2019-09-30 | $37 | ~$45 | -18.06% | |||
| 22 | AGORA INC API | $8.4M | 0.24% | 2,098,553 | +0 | +0.00% | 0.30% | 2020-06-30 | $4 | ~$24 | -83.56% | |
| 23 | ATOUR LIFESTYLE HLDGS LTD ATAT | $6.9M | 0.19% | 242,342 | +242,342 | 2022-12-31 | $28 | ~$22 | +27.22% | |||
| 24 | TAIWAN SEMICONDUCTOR MFG LTD TSM | $5.5M | 0.15% | 33,000 | -9,588 | -22.51% | 0.29% | 2020-06-30 | $166 | ~$135 | +22.51% | |
| 25 | GOSSAMER BIO INC GOSS | $5.5M | 0.15% | 4,974,041 | +0 | +0.00% | 0.16% | 2019-03-31 | $1 | ~$18 | -93.94% | |
| 26 | MAZE THERAPEUTICS INC MAZE | $5.0M | 0.14% | 457,535 | +457,535 | 2025-03-31 | $11 | ~$11 | +0.00% | |||
| 27 | I MAB NBP | $4.9M | 0.14% | 5,980,568 | +0 | +0.00% | 0.18% | 2020-09-30 | $1 | ~$50 | -98.35% | |
| 28 | TUYA INC TUYA | $4.7M | 0.13% | 1,564,400 | +0 | +0.00% | 0.10% | 2021-03-31 | $3 | ~$21 | -85.67% | |
| 29 | CONTINEUM THERAPEUTICS INC CTNM | $4.7M | 0.13% | 669,337 | +0 | +0.00% | 0.34% | 2024-06-30 | $7 | ~$18 | -60.36% | |
| 30 | SMART SH GLOBAL LTD EM | $4.4M | 0.12% | 3,949,700 | +0 | +0.00% | 0.10% | 2021-06-30 | $1 | ~$6 | -81.55% |