HHLR ADVISORS, LTD.
Institutional investor · Portfolio as of Q2 2025
Top Holdings36 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INC | 7M | $730.2M | 23.5% | $110.39 | -4.76% | 13 qtrssince 2022-Q2 | Increased 66 |
FUTU HLDGS LTD | 4.3M | $532.9M | 17.2% | $95.17 | +27.38% | 5 qtrssince 2024-Q2 | Increased 62 |
WEBULL CORP | 33.1M | $395.6M | 12.7% | $10.83 | 0.00% | 1 qtr | New 97 |
BEIGENE LTD-ADR | 1M | $250.4M | 8.1% | $134.02 | +79.97% | 27 qtrssince 2018-Q4 | Unchanged 0 |
NETEASE INC-ADR | 1.7M | $223.9M | 7.2% | $90.38 | +45.55% | 11 qtrssince 2022-Q4 | Decreased 0 |
Legend Biotech Corp. Sponsored ADR | 6M | $212.4M | 6.8% | $50.33 | -31.19% | 21 qtrssince 2020-Q2 | Unchanged 0 |
KE HOLDINGS INC-ADR | 7.5M | $132.4M | 4.3% | $21.74 | -14.71% | 20 qtrssince 2020-Q3 | Decreased 0 |
ALIBABA GROUP HOLDING-SP ADR | 1.1M | $130.4M | 4.2% | $83.58 | +34.46% | 13 qtrssince 2022-Q2 | Decreased 0 |
ARRIVENT BIOPHARMA INC | 4.5M | $97.6M | 3.1% | $17.95 | +27.66% | 6 qtrssince 2024-Q1 | Unchanged 0 |
WNS HLDGS LTD | 1.5M | $96.8M | 3.1% | — | — | 3 qtrssince 2024-Q4 | Unchanged 0 |
JD.COM INC-ADR | 2.3M | $74.3M | 2.4% | $39.67 | -28.16% | 27 qtrssince 2018-Q4 | Decreased 0 |
YATSEN HLDG LTD | 6.1M | $58.9M | 1.9% | $10.59 | -2.18% | 19 qtrssince 2020-Q4 | Decreased 0 |
CLEARWATER ANALYTICS HDS-A | 1.4M | $30M | 1.0% | $22.00 | 0.00% | 1 qtr | New 57 |
CYTEK BIOSCIENCES INC | 6.7M | $22.6M | 0.7% | $20.96 | -83.06% | 16 qtrssince 2021-Q3 | Unchanged 0 |
VIPSHOP HLDGS LTD | 1.1M | $17M | 0.5% | $12.69 | +19.11% | 18 qtrssince 2021-Q1 | Decreased 0 |
LI AUTO INC | 620,000 | $16.8M | 0.5% | $25.52 | -51.37% | 2 qtrssince 2025-Q1 | Unchanged 0 |
NOVABRIDGE BIOSCIENCES | 6M | $14.5M | 0.5% | $47.24 | -94.56% | 20 qtrssince 2020-Q3 | Unchanged 0 |
ZTO EXPRESS CAYMAN INC | 671,387 | $11.9M | 0.4% | $22.17 | +3.28% | 10 qtrssince 2023-Q1 | Unchanged 0 |
KANZHUN LIMITED | 576,339 | $10.3M | 0.3% | $19.32 | -19.51% | 2 qtrssince 2025-Q1 | Unchanged 0 |
AGORA INC | 2.1M | $8M | 0.3% | $4.20 | -10.00% | 3 qtrssince 2024-Q4 | Unchanged 0 |
HHLR ADVISORS, LTD. manages $3.1B across 36 positions as of Q2 2025. Top holdings: PDD (23.5%), FUTU (17.2%), BULL (12.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 2/5.0.
Active quarter - 2 new positions, 15 exits, 2 increased. Top move: BULL (NEW, conviction 97). Portfolio: $3.1B across 36 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Accumulation Streaks
Positions with 2+ consecutive quarters of increases - persistent directional conviction.
No active accumulation streaks detected for this filer.
Streaks require 2+ consecutive quarters of increased positions in the most recent period.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer