Fund detail
HHLR Advisors / Hillhouse (Zhang Lei)
china, growth, hillhouse, active
Quarters
30
2025-06-30
$3.10B
Positions
36
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 | $730.2M | 23.52% | 6,976,804 | +414,228 | +6.31% | 21.94% | 2018-12-31 | $105 | ~$102 | +2.24% | |
| 2 | FUTU HLDGS LTD FUTU | $532.9M | 17.17% | 4,312,237 | +4,745 | +0.11% | 12.46% | 2020-09-30 | $124 | ~$85 | +45.81% | |
| 3 | WEBULL CORP | $395.6M | 12.74% | 33,080,846 | +33,080,846 | 2025-06-30 | $12 | ~$12 | +0.00% | |||
| 4 | BEONE MEDICINES LTD ONC | $250.4M | 8.06% | 1,034,306 | +0 | +0.00% | 7.95% | 2018-12-31 | $242 | ~$137 | +76.65% | |
| 5 | NETEASE INC NTES | $223.9M | 7.21% | 1,663,668 | -1,005,029 | -37.66% | 7.76% | 2021-03-31 | $135 | ~$97 | +38.72% | |
| 6 | LEGEND BIOTECH CORP LEGN | $212.4M | 6.84% | 5,984,550 | +0 | +0.00% | 5.74% | 2020-06-30 | $35 | ~$49 | -27.25% | |
| 7 | KE HLDGS INC BEKE | $132.4M | 4.27% | 7,465,465 | -4,507,937 | -37.65% | 6.80% | 2020-09-30 | $18 | ~$22 | -20.03% | |
| 8 | ALIBABA GROUP HLDG LTD BABA | $130.4M | 4.20% | 1,149,700 | -2,758,055 | -70.58% | 14.60% | 2018-12-31 | $113 | ~$80 | +42.36% | |
| 9 | ARRIVENT BIOPHARMA INC AVBP | $97.6M | 3.14% | 4,484,672 | +0 | +0.00% | 2.34% | 2024-03-31 | $22 | ~$18 | +21.60% | |
| 10 | WNS HLDGS LTD | $96.8M | 3.12% | 1,531,466 | +0 | +0.00% | 2.66% | 2024-12-31 | $63 | ~$47 | +33.45% | |
| 11 | JD.COM INC JD | $74.3M | 2.39% | 2,275,500 | -2,536,200 | -52.71% | 5.59% | 2018-12-31 | $33 | ~$36 | -10.08% | |
| 12 | YATSEN HLDG LTD YSG | $58.9M | 1.90% | 6,111,933 | -773,940 | -11.24% | 0.94% | 2024-03-31 | $10 | ~$2 | +356.87% | |
| 13 | CLEARWATER ANALYTICS HLDGS I CWAN | $30.0M | 0.96% | 1,365,971 | +1,365,971 | 2025-06-30 | $22 | ~$22 | +0.00% | |||
| 14 | CYTEK BIOSCIENCES INC CTKB | $22.6M | 0.73% | 6,657,030 | +0 | +0.00% | 0.75% | 2021-09-30 | $3 | ~$21 | -84.12% | |
| 15 | VIPSHOP HLDGS LTD VIPS | $17.0M | 0.55% | 1,131,788 | -5,552,113 | -83.07% | 2.96% | 2020-03-31 | $15 | ~$15 | +1.99% | |
| 16 | LI AUTO INC LI | $16.8M | 0.54% | 620,000 | +0 | +0.00% | 0.44% | 2020-09-30 | $27 | ~$29 | -7.11% | |
| 17 | I MAB NBP | $14.5M | 0.47% | 5,980,568 | +0 | +0.00% | 0.14% | 2020-09-30 | $2 | ~$50 | -95.16% | |
| 18 | ZTO EXPRESS CAYMAN INC ZTO | $11.9M | 0.38% | 671,387 | +0 | +0.00% | 0.38% | 2020-03-31 | $18 | ~$22 | -18.27% | |
| 19 | KANZHUN LIMITED BZ | $10.3M | 0.33% | 576,339 | +0 | +0.00% | 0.31% | 2021-06-30 | $18 | ~$20 | -12.63% | |
| 20 | AGORA INC API | $8.0M | 0.26% | 2,098,553 | +0 | +0.00% | 0.24% | 2020-06-30 | $4 | ~$24 | -84.41% | |
| 21 | GOSSAMER BIO INC GOSS | $6.1M | 0.20% | 4,974,041 | +0 | +0.00% | 0.15% | 2019-03-31 | $1 | ~$18 | -93.22% | |
| 22 | MAZE THERAPEUTICS INC MAZE | $5.6M | 0.18% | 457,535 | +0 | +0.00% | 0.14% | 2025-03-31 | $12 | ~$11 | +11.44% | |
| 23 | SAGIMET BIOSCIENCES INC SGMT | $5.5M | 0.18% | 724,800 | +0 | +0.00% | 0.07% | 2023-09-30 | $8 | ~$9 | -13.41% | |
| 24 | SMART SH GLOBAL LTD EM | $4.5M | 0.15% | 3,949,700 | +0 | +0.00% | 0.12% | 2021-06-30 | $1 | ~$6 | -81.22% | |
| 25 | TUYA INC TUYA | $3.6M | 0.12% | 1,564,400 | +0 | +0.00% | 0.13% | 2021-03-31 | $2 | ~$21 | -89.07% | |
| 26 | CONTINEUM THERAPEUTICS INC CTNM | $2.7M | 0.09% | 669,337 | +0 | +0.00% | 0.13% | 2024-06-30 | $4 | ~$18 | -77.46% | |
| 27 | MOGU INC MOGU | $1.8M | 0.06% | 847,510 | +0 | +0.00% | 0.05% | 2022-03-31 | $2 | ~$4 | -39.54% | |
| 28 | BRIGHT SCHOLAR ED HLDGS LTD BEDU | $1.7M | 0.06% | 988,143 | +0 | +0.00% | 0.05% | 2022-09-30 | $2 | ~$3 | -40.01% | |
| 29 | GE AEROSPACE GE | $1.6M | 0.05% | 6,305 | -452 | -6.69% | 0.04% | 2024-03-31 | $257 | ~$157 | +64.06% | |
| 30 | MOODYS CORP MCO | $1.2M | 0.04% | 2,476 | -161 | -6.11% | 0.03% | 2023-12-31 | $502 | ~$446 | +12.47% |