13F COMBINATION REPORT
HHLR ADVISORS, LTD.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000902664-26-001126
Total Value
$3.10B
Positions
33
Other Managers
1
Confidential Omitted
No
Holdings (33)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 10,721,400 | $1.22B | 39.17% |
| 2 | ALIBABA GROUP HLDG LTD | BBAAY | 5,430,346 | $796.0M | 25.65% |
| 3 | BEONE MEDICINES LTD | BEIGF | 1,034,306 | $314.2M | 10.12% |
| 4 | FUTU HLDGS LTD | FUTU | 1,630,249 | $267.7M | 8.63% |
| 5 | LEGEND BIOTECH CORP | LEGN | 5,984,550 | $130.1M | 4.19% |
| 6 | ARRIVENT BIOPHARMA INC | AVBP | 3,929,117 | $79.1M | 2.55% |
| 7 | KE HLDGS INC | BEKE | 4,236,278 | $66.8M | 2.15% |
| 8 | WEBULL CORP | BULLW | 5,974,604 | $46.4M | 1.50% |
| 9 | CYTEK BIOSCIENCES INC | CTKB | 6,657,030 | $33.6M | 1.08% |
| 10 | CLEARWATER ANALYTICS HLDGS I | CWAN | 1,365,971 | $32.9M | 1.06% |
| 11 | NOVABRIDGE BIOSCIENCES | NBP | 5,980,568 | $23.8M | 0.77% |
| 12 | YATSEN HLDG LTD | YSG | 4,885,873 | $19.0M | 0.61% |
| 13 | MAZE THERAPEUTICS INC | MAZE | 457,535 | $19.0M | 0.61% |
| 14 | GOSSAMER BIO INC | GOSS | 4,974,041 | $15.4M | 0.50% |
| 15 | AGORA INC | API | 2,098,553 | $8.5M | 0.28% |
| 16 | CONTINEUM THERAPEUTICS INC | CTNM | 669,337 | $7.7M | 0.25% |
| 17 | SAGIMET BIOSCIENCES INC | SGMT | 724,800 | $4.3M | 0.14% |
| 18 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 11,300 | $3.4M | 0.11% |
| 19 | TUYA INC | TUYA | 1,564,400 | $3.3M | 0.11% |
| 20 | GE AEROSPACE | 369604301 | 10,043 | $3.1M | 0.10% |
| 21 | ALPHABET INC | GOOG | 7,300 | $2.3M | 0.07% |
| 22 | MOGU INC | MOGU | 847,510 | $1.8M | 0.06% |
| 23 | ISHARES BITCOIN TRUST ETF | IBIT | 35,300 | $1.8M | 0.06% |
| 24 | PACIFIC BIOSCIENCES CALIF IN | 69404D108 | 918,892 | $1.7M | 0.06% |
| 25 | MOODYS CORP | MCO | 2,888 | $1.5M | 0.05% |
| 26 | EQUINOX GOLD CORP | EQX | 80,500 | $1.1M | 0.04% |
| 27 | BARRICK MNG CORP | 06849F108 | 25,400 | $1.1M | 0.04% |
| 28 | CENTRAIS ELET BRAS SA | 15234Q207 | 96,600 | $884,856 | 0.03% |
| 29 | ALIGOS THERAPEUTICS INC | ALGS | 76,247 | $710,622 | 0.02% |
| 30 | VNET GROUP INC | VNET | 53,100 | $449,226 | 0.01% |
| 31 | CENTRAIS ELET BRAS SA | 15236F100 | 25,390 | $218,862 | 0.01% |
| 32 | UXIN LTD | UXIN | 19,156 | $64,556 | 0.00% |
| 33 | RIDGETECH INC | RDGT | 20,167 | $57,476 | 0.00% |