13F COMBINATION REPORT
HHLR ADVISORS, LTD.
Quarter ended Q1 2025 · Filed May 15, 2025 · Accession 0000902664-25-002421
Total Value
$3.54B
Positions
49
Other Managers
1
Confidential Omitted
No
Holdings (49)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 6,562,576 | $776.7M | 21.94% |
| 2 | ALIBABA GROUP HLDG LTD | BBAAY | 3,907,755 | $516.7M | 14.60% |
| 3 | FUTU HLDGS LTD | FUTU | 4,307,492 | $440.9M | 12.46% |
| 4 | BEIGENE LTD | BEIGF | 1,034,306 | $281.5M | 7.95% |
| 5 | NETEASE INC | NETTF | 2,668,697 | $274.7M | 7.76% |
| 6 | KE HLDGS INC | BEKE | 11,973,402 | $240.5M | 6.80% |
| 7 | LEGEND BIOTECH CORP | LEGN | 5,984,550 | $203.1M | 5.74% |
| 8 | JD.COM INC | JDCMF | 4,811,700 | $197.9M | 5.59% |
| 9 | VIPSHOP HLDGS LTD | VIPS | 6,683,901 | $104.8M | 2.96% |
| 10 | WNS HLDGS LTD | G98196101 | 1,531,466 | $94.2M | 2.66% |
| 11 | ARRIVENT BIOPHARMA INC | AVBP | 4,484,672 | $82.9M | 2.34% |
| 12 | TRIP COM GROUP LTD | TRPCF | 938,842 | $59.7M | 1.69% |
| 13 | ENFUSION INC | 292812104 | 4,975,183 | $55.5M | 1.57% |
| 14 | YATSEN HLDG LTD | YSG | 6,885,873 | $33.1M | 0.94% |
| 15 | CYTEK BIOSCIENCES INC | CTKB | 6,657,030 | $26.7M | 0.75% |
| 16 | BAIDU INC | BAIDF | 170,000 | $15.6M | 0.44% |
| 17 | LI AUTO INC | LAAOF | 620,000 | $15.6M | 0.44% |
| 18 | YUM CHINA HLDGS INC | YUMC | 292,122 | $15.2M | 0.43% |
| 19 | ZTO EXPRESS CAYMAN INC | ZTOEF | 671,387 | $13.3M | 0.38% |
| 20 | KANZHUN LIMITED | BZ | 576,339 | $11.0M | 0.31% |
| 21 | H WORLD GROUP LTD | HWLDF | 237,332 | $8.8M | 0.25% |
| 22 | AGORA INC | API | 2,098,553 | $8.4M | 0.24% |
| 23 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 242,342 | $6.9M | 0.19% |
| 24 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 33,000 | $5.5M | 0.15% |
| 25 | GOSSAMER BIO INC | GOSS | 4,974,041 | $5.5M | 0.15% |
| 26 | MAZE THERAPEUTICS INC | MAZE | 457,535 | $5.0M | 0.14% |
| 27 | I MAB | NBP | 5,980,568 | $4.9M | 0.14% |
| 28 | TUYA INC | TUYA | 1,564,400 | $4.7M | 0.13% |
| 29 | CONTINEUM THERAPEUTICS INC | CTNM | 669,337 | $4.7M | 0.13% |
| 30 | SMART SH GLOBAL LTD | 83193E102 | 3,949,700 | $4.4M | 0.12% |
| 31 | SOHU COM LTD | SOHU | 201,432 | $2.7M | 0.07% |
| 32 | SAGIMET BIOSCIENCES INC | SGMT | 724,800 | $2.4M | 0.07% |
| 33 | MOGU INC | MOGU | 847,510 | $1.9M | 0.05% |
| 34 | BRIGHT SCHOLAR ED HLDGS LTD | 109199208 | 988,143 | $1.7M | 0.05% |
| 35 | DANAHER CORPORATION | 235851102 | 8,026 | $1.6M | 0.05% |
| 36 | JOYY INC | JOYY | 34,000 | $1.4M | 0.04% |
| 37 | GE AEROSPACE | 369604301 | 6,757 | $1.4M | 0.04% |
| 38 | MOODYS CORP | MCO | 2,637 | $1.2M | 0.03% |
| 39 | MSCI INC | MSCI | 2,128 | $1.2M | 0.03% |
| 40 | CHINA YUCHAI INTL LTD | G21082105 | 70,000 | $1.2M | 0.03% |
| 41 | PACIFIC BIOSCIENCES CALIF IN | 69404D108 | 918,892 | $1.1M | 0.03% |
| 42 | WEIBO CORP | WEIBF | 100,000 | $947,000 | 0.03% |
| 43 | X FINL | 98372W202 | 50,000 | $719,500 | 0.02% |
| 44 | ALIGOS THERAPEUTICS INC | ALGS | 76,247 | $629,038 | 0.02% |
| 45 | ECARX HOLDINGS INC | ECXWW | 400,000 | $504,000 | 0.01% |
| 46 | METAGENOMI INC | MGX | 150,699 | $204,951 | 0.01% |
| 47 | LAKESHORE BIOPHARMA CO LTD | LSBWF | 75,179 | $181,933 | 0.01% |
| 48 | UXIN LTD | UXIN | 19,156 | $76,432 | 0.00% |
| 49 | RIDGETECH INC | RDGT | 20,167 | $21,175 | 0.00% |