Fund detail
HHLR Advisors / Hillhouse (Zhang Lei)
china, growth, hillhouse, active
Quarters
30
2025-12-31
$3.10B
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 | $1.22B | 39.17% | 10,721,400 | +2,128,800 | +24.77% | 27.76% | 2018-12-31 | $113 | ~$109 | +4.18% | |
| 2 | ALIBABA GROUP HLDG LTD BABA | $796.0M | 25.65% | 5,430,346 | +2,140,680 | +65.07% | 14.37% | 2018-12-31 | $147 | ~$139 | +5.80% | |
| 3 | BEONE MEDICINES LTD ONC | $314.2M | 10.12% | 1,034,306 | +0 | +0.00% | 8.61% | 2018-12-31 | $304 | ~$137 | +121.70% | |
| 4 | FUTU HLDGS LTD FUTU | $267.7M | 8.63% | 1,630,249 | -1,607,930 | -49.66% | 13.77% | 2020-09-30 | $164 | ~$85 | +93.73% | |
| 5 | LEGEND BIOTECH CORP LEGN | $130.1M | 4.19% | 5,984,550 | +0 | +0.00% | 4.77% | 2020-06-30 | $22 | ~$49 | -55.44% | |
| 6 | ARRIVENT BIOPHARMA INC AVBP | $79.1M | 2.55% | 3,929,117 | -555,555 | -12.39% | 2.02% | 2024-03-31 | $20 | ~$18 | +12.39% | |
| 7 | KE HLDGS INC BEKE | $66.8M | 2.15% | 4,236,278 | +0 | +0.00% | 1.97% | 2020-09-30 | $16 | ~$22 | -28.95% | |
| 8 | WEBULL CORP | $46.4M | 1.50% | 5,974,604 | -27,106,242 | -81.94% | 11.96% | 2025-06-30 | $8 | ~$12 | -35.03% | |
| 9 | CYTEK BIOSCIENCES INC CTKB | $33.6M | 1.08% | 6,657,030 | +0 | +0.00% | 0.56% | 2021-09-30 | $5 | ~$21 | -76.41% | |
| 10 | CLEARWATER ANALYTICS HLDGS I CWAN | $32.9M | 1.06% | 1,365,971 | +0 | +0.00% | 0.60% | 2025-06-30 | $24 | ~$22 | +9.99% | |
| 11 | NOVABRIDGE BIOSCIENCES NBP | $23.8M | 0.77% | 5,980,568 | +0 | +0.00% | 0.55% | 2020-09-30 | $4 | ~$50 | -92.05% | |
| 12 | YATSEN HLDG LTD YSG | $19.0M | 0.61% | 4,885,873 | +0 | +0.00% | 1.08% | 2024-03-31 | $4 | ~$2 | +84.36% | |
| 13 | MAZE THERAPEUTICS INC MAZE | $19.0M | 0.61% | 457,535 | +0 | +0.00% | 0.29% | 2025-03-31 | $41 | ~$11 | +276.29% | |
| 14 | GOSSAMER BIO INC GOSS | $15.4M | 0.50% | 4,974,041 | +0 | +0.00% | 0.32% | 2019-03-31 | $3 | ~$18 | -82.92% | |
| 15 | AGORA INC API | $8.5M | 0.28% | 2,098,553 | +0 | +0.00% | 0.20% | 2020-06-30 | $4 | ~$24 | -83.35% | |
| 16 | CONTINEUM THERAPEUTICS INC CTNM | $7.7M | 0.25% | 669,337 | +0 | +0.00% | 0.19% | 2024-06-30 | $11 | ~$18 | -35.09% | |
| 17 | SAGIMET BIOSCIENCES INC SGMT | $4.3M | 0.14% | 724,800 | +0 | +0.00% | 0.12% | 2023-09-30 | $6 | ~$9 | -32.73% | |
| 18 | TAIWAN SEMICONDUCTOR MFG LTD TSM | $3.4M | 0.11% | 11,300 | +11,300 | 2020-06-30 | $304 | ~$135 | +124.28% | |||
| 19 | TUYA INC TUYA | $3.3M | 0.11% | 1,564,400 | +0 | +0.00% | 0.09% | 2021-03-31 | $2 | ~$21 | -90.02% | |
| 20 | GE AEROSPACE GE | $3.1M | 0.10% | 10,043 | +0 | +0.00% | 0.07% | 2024-03-31 | $308 | ~$202 | +52.21% | |
| 21 | ALPHABET INC GOOGL | $2.3M | 0.07% | 7,300 | +7,300 | 2024-06-30 | $313 | ~$235 | +33.22% | |||
| 22 | MOGU INC MOGU | $1.8M | 0.06% | 847,510 | +0 | +0.00% | 0.07% | 2022-03-31 | $2 | ~$4 | -39.48% | |
| 23 | ISHARES BITCOIN TRUST ETF IBIT | $1.8M | 0.06% | 35,300 | +35,300 | 2025-12-31 | $50 | ~$50 | +0.00% | |||
| 24 | PACIFIC BIOSCIENCES CALIF IN PACB | $1.7M | 0.06% | 918,892 | +0 | +0.00% | 0.03% | 2021-09-30 | $2 | ~$25 | -92.66% | |
| 25 | MOODYS CORP MCO | $1.5M | 0.05% | 2,888 | +0 | +0.00% | 0.03% | 2023-12-31 | $511 | ~$452 | +12.99% | |
| 26 | EQUINOX GOLD CORP EQX | $1.1M | 0.04% | 80,500 | +0 | +0.00% | 0.02% | 2025-09-30 | $14 | ~$11 | +25.19% | |
| 27 | BARRICK MNG CORP B | $1.1M | 0.04% | 25,400 | +0 | +0.00% | 0.02% | 2025-09-30 | $44 | ~$33 | +32.90% | |
| 28 | CENTRAIS ELET BRAS SA AXIA | $885K | 0.03% | 96,600 | +96,600 | 2025-12-31 | $9 | ~$9 | +0.00% | |||
| 29 | ALIGOS THERAPEUTICS INC ALGS | $711K | 0.02% | 76,247 | +0 | +0.00% | 0.02% | 2024-09-30 | $9 | ~$9 | +7.62% | |
| 30 | VNET GROUP INC VNET | $449K | 0.01% | 53,100 | +53,100 | 2025-12-31 | $8 | ~$8 | +0.00% |