13F COMBINATION REPORT
HHLR ADVISORS, LTD.
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0000902664-25-003621
Total Value
$3.10B
Positions
36
Other Managers
1
Confidential Omitted
No
Holdings (36)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 6,976,804 | $730.2M | 23.52% |
| 2 | FUTU HLDGS LTD | FUTU | 4,312,237 | $532.9M | 17.17% |
| 3 | WEBULL CORP | BULLW | 33,080,846 | $395.6M | 12.74% |
| 4 | BEONE MEDICINES LTD | BEIGF | 1,034,306 | $250.4M | 8.06% |
| 5 | NETEASE INC | NETTF | 1,663,668 | $223.9M | 7.21% |
| 6 | LEGEND BIOTECH CORP | LEGN | 5,984,550 | $212.4M | 6.84% |
| 7 | KE HLDGS INC | BEKE | 7,465,465 | $132.4M | 4.27% |
| 8 | ALIBABA GROUP HLDG LTD | BBAAY | 1,149,700 | $130.4M | 4.20% |
| 9 | ARRIVENT BIOPHARMA INC | AVBP | 4,484,672 | $97.6M | 3.14% |
| 10 | WNS HLDGS LTD | G98196101 | 1,531,466 | $96.8M | 3.12% |
| 11 | JD.COM INC | JDCMF | 2,275,500 | $74.3M | 2.39% |
| 12 | YATSEN HLDG LTD | YSG | 6,111,933 | $58.9M | 1.90% |
| 13 | CLEARWATER ANALYTICS HLDGS I | CWAN | 1,365,971 | $30.0M | 0.96% |
| 14 | CYTEK BIOSCIENCES INC | CTKB | 6,657,030 | $22.6M | 0.73% |
| 15 | VIPSHOP HLDGS LTD | VIPS | 1,131,788 | $17.0M | 0.55% |
| 16 | LI AUTO INC | LAAOF | 620,000 | $16.8M | 0.54% |
| 17 | I MAB | NBP | 5,980,568 | $14.5M | 0.47% |
| 18 | ZTO EXPRESS CAYMAN INC | ZTOEF | 671,387 | $11.9M | 0.38% |
| 19 | KANZHUN LIMITED | BZ | 576,339 | $10.3M | 0.33% |
| 20 | AGORA INC | API | 2,098,553 | $8.0M | 0.26% |
| 21 | GOSSAMER BIO INC | GOSS | 4,974,041 | $6.1M | 0.20% |
| 22 | MAZE THERAPEUTICS INC | MAZE | 457,535 | $5.6M | 0.18% |
| 23 | SAGIMET BIOSCIENCES INC | SGMT | 724,800 | $5.5M | 0.18% |
| 24 | SMART SH GLOBAL LTD | 83193E102 | 3,949,700 | $4.5M | 0.15% |
| 25 | TUYA INC | TUYA | 1,564,400 | $3.6M | 0.12% |
| 26 | CONTINEUM THERAPEUTICS INC | CTNM | 669,337 | $2.7M | 0.09% |
| 27 | MOGU INC | MOGU | 847,510 | $1.8M | 0.06% |
| 28 | BRIGHT SCHOLAR ED HLDGS LTD | 109199208 | 988,143 | $1.7M | 0.06% |
| 29 | GE AEROSPACE | 369604301 | 6,305 | $1.6M | 0.05% |
| 30 | MOODYS CORP | MCO | 2,476 | $1.2M | 0.04% |
| 31 | MSCI INC | MSCI | 2,008 | $1.2M | 0.04% |
| 32 | PACIFIC BIOSCIENCES CALIF IN | 69404D108 | 918,892 | $1.1M | 0.04% |
| 33 | ALIGOS THERAPEUTICS INC | ALGS | 76,247 | $549,741 | 0.02% |
| 34 | LAKESHORE BIOPHARMA CO LTD | LSBWF | 75,179 | $76,683 | 0.00% |
| 35 | UXIN LTD | UXIN | 19,156 | $70,494 | 0.00% |
| 36 | RIDGETECH INC | RDGT | 20,167 | $22,184 | 0.00% |