Fund detail
HHLR Advisors / Hillhouse (Zhang Lei)
china, growth, hillhouse, active
Quarters
30
2025-09-30
$4.09B
Positions
33
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 | $1.14B | 27.76% | 8,592,600 | +1,615,796 | +23.16% | 23.52% | 2018-12-31 | $132 | ~$105 | +25.41% | |
| 2 | ALIBABA GROUP HLDG LTD BABA | $588.0M | 14.37% | 3,289,666 | +2,139,966 | +186.13% | 4.20% | 2018-12-31 | $179 | ~$123 | +45.47% | |
| 3 | FUTU HLDGS LTD FUTU | $563.2M | 13.77% | 3,238,179 | -1,074,058 | -24.91% | 17.17% | 2020-09-30 | $174 | ~$85 | +105.18% | |
| 4 | WEBULL CORP | $489.3M | 11.96% | 33,080,846 | +0 | +0.00% | 12.74% | 2025-06-30 | $15 | ~$12 | +23.66% | |
| 5 | BEONE MEDICINES LTD ONC | $352.4M | 8.61% | 1,034,306 | +0 | +0.00% | 8.06% | 2018-12-31 | $341 | ~$137 | +148.62% | |
| 6 | BAIDU INC BIDU | $216.2M | 5.29% | 1,641,000 | +1,641,000 | 2023-03-31 | $132 | ~$113 | +16.11% | |||
| 7 | LEGEND BIOTECH CORP LEGN | $195.2M | 4.77% | 5,984,550 | +0 | +0.00% | 6.84% | 2020-06-30 | $33 | ~$49 | -33.16% | |
| 8 | NETEASE INC NTES | $120.2M | 2.94% | 790,807 | -872,861 | -52.47% | 7.21% | 2021-03-31 | $152 | ~$97 | +56.67% | |
| 9 | ARRIVENT BIOPHARMA INC AVBP | $82.7M | 2.02% | 4,484,672 | +0 | +0.00% | 3.14% | 2024-03-31 | $18 | ~$18 | +3.06% | |
| 10 | KE HLDGS INC BEKE | $80.5M | 1.97% | 4,236,278 | -3,229,187 | -43.26% | 4.27% | 2020-09-30 | $19 | ~$22 | -14.35% | |
| 11 | FULL TRUCK ALLIANCE CO LTD YMM | $52.7M | 1.29% | 4,066,553 | +4,066,553 | 2022-03-31 | $13 | ~$10 | +28.29% | |||
| 12 | YATSEN HLDG LTD YSG | $44.3M | 1.08% | 4,885,873 | -1,226,060 | -20.06% | 1.90% | 2024-03-31 | $9 | ~$2 | +329.38% | |
| 13 | SEA LTD SE | $32.2M | 0.79% | 180,050 | +180,050 | 2019-03-31 | $179 | ~$137 | +30.17% | |||
| 14 | CLEARWATER ANALYTICS HLDGS I CWAN | $24.6M | 0.60% | 1,365,971 | +0 | +0.00% | 0.96% | 2025-06-30 | $18 | ~$22 | -17.83% | |
| 15 | CYTEK BIOSCIENCES INC CTKB | $23.1M | 0.56% | 6,657,030 | +0 | +0.00% | 0.73% | 2021-09-30 | $3 | ~$21 | -83.79% | |
| 16 | I MAB NBP | $22.6M | 0.55% | 5,980,568 | +0 | +0.00% | 0.47% | 2020-09-30 | $4 | ~$50 | -92.45% | |
| 17 | GOSSAMER BIO INC GOSS | $13.1M | 0.32% | 4,974,041 | +0 | +0.00% | 0.20% | 2019-03-31 | $3 | ~$18 | -85.51% | |
| 18 | MAZE THERAPEUTICS INC MAZE | $11.9M | 0.29% | 457,535 | +0 | +0.00% | 0.18% | 2025-03-31 | $26 | ~$11 | +135.51% | |
| 19 | AGORA INC API | $8.0M | 0.20% | 2,098,553 | +0 | +0.00% | 0.26% | 2020-06-30 | $4 | ~$24 | -84.37% | |
| 20 | CONTINEUM THERAPEUTICS INC CTNM | $7.9M | 0.19% | 669,337 | +0 | +0.00% | 0.09% | 2024-06-30 | $12 | ~$18 | -33.28% | |
| 21 | SMART SH GLOBAL LTD EM | $5.3M | 0.13% | 3,949,700 | +0 | +0.00% | 0.15% | 2021-06-30 | $1 | ~$6 | -77.76% | |
| 22 | SAGIMET BIOSCIENCES INC SGMT | $5.0M | 0.12% | 724,800 | +0 | +0.00% | 0.18% | 2023-09-30 | $7 | ~$9 | -22.05% | |
| 23 | TUYA INC TUYA | $3.9M | 0.09% | 1,564,400 | +0 | +0.00% | 0.12% | 2021-03-31 | $2 | ~$21 | -88.32% | |
| 24 | GE AEROSPACE GE | $3.0M | 0.07% | 10,043 | +3,738 | +59.29% | 0.05% | 2024-03-31 | $301 | ~$202 | +48.64% | |
| 25 | MOGU INC MOGU | $2.9M | 0.07% | 847,510 | +0 | +0.00% | 0.06% | 2022-03-31 | $3 | ~$4 | -2.54% | |
| 26 | BRIGHT SCHOLAR ED HLDGS LTD BEDU | $1.9M | 0.05% | 988,143 | +0 | +0.00% | 0.06% | 2022-09-30 | $2 | ~$3 | -33.91% | |
| 27 | MOODYS CORP MCO | $1.4M | 0.03% | 2,888 | +412 | +16.64% | 0.04% | 2023-12-31 | $476 | ~$452 | +5.38% | |
| 28 | PACIFIC BIOSCIENCES CALIF IN PACB | $1.2M | 0.03% | 918,892 | +0 | +0.00% | 0.04% | 2021-09-30 | $1 | ~$25 | -94.98% | |
| 29 | EQUINOX GOLD CORP EQX | $903K | 0.02% | 80,500 | +80,500 | 2025-09-30 | $11 | ~$11 | +0.00% | |||
| 30 | BARRICK MNG CORP B | $832K | 0.02% | 25,400 | +25,400 | 2025-09-30 | $33 | ~$33 | +0.00% |