Filed: 5/15/2025ACC: 0000902664-25-002421
📋 What this filing means
HHLR ADVISORS, LTD. filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $3.54B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
49
Positions
$3.54B
Total AUM (reported)
100.64M
Total Shares
Allocation by class
SPONSORED ADS$2.38B67.3%
SPON ADS CL A$638.73M18.0%
COM$141.89M4.0%
SPONSORED ADS A$118.12M3.3%
COM SHS$94.17M2.7%
ADS$72.55M2.0%
CL A$60.15M1.7%
Portfolio Concentration
Top 3$1.73B49.0%
4–10$1.40B39.5%
11–25$363.79M10.3%
Rest$44.75M1.3%
Top 3 weight
49.0%
Top 10 weight
88.5%
Voting Authority Distribution
Total shares with voting rights: 100.64M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
100.64M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other49
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings49
Rows:
PDD HOLDINGS INC
OTRShares6.56M
TypeSH
Market value$776.68M
21.94%
Sole
0.00
Shared
6.56M
None
0.00
ALIBABA GROUP HLDG LTD
OTRShares3.91M
TypeSH
Market value$516.72M
14.60%
Sole
0.00
Shared
3.91M
None
0.00
FUTU HLDGS LTD
OTRShares4.31M
TypeSH
Market value$440.87M
12.46%
Sole
0.00
Shared
4.31M
None
0.00
BEIGENE LTD
OTRShares1.03M
TypeSH
Market value$281.51M
7.95%
Sole
0.00
Shared
1.03M
None
0.00
NETEASE INC
OTRShares2.67M
TypeSH
Market value$274.66M
7.76%
Sole
0.00
Shared
2.67M
None
0.00
KE HLDGS INC
OTRShares11.97M
TypeSH
Market value$240.55M
6.80%
Sole
0.00
Shared
11.97M
None
0.00
LEGEND BIOTECH CORP
OTRShares5.98M
TypeSH
Market value$203.06M
5.74%
Sole
0.00
Shared
5.98M
None
0.00
JD.COM INC
OTRShares4.81M
TypeSH
Market value$197.86M
5.59%
Sole
0.00
Shared
4.81M
None
0.00
VIPSHOP HLDGS LTD
OTRShares6.68M
TypeSH
Market value$104.80M
2.96%
Sole
0.00
Shared
6.68M
None
0.00
WNS HLDGS LTD
OTRShares1.53M
TypeSH
Market value$94.17M
2.66%
Sole
0.00
Shared
1.53M
None
0.00
ARRIVENT BIOPHARMA INC
OTRShares4.48M
TypeSH
Market value$82.92M
2.34%
Sole
0.00
Shared
4.48M
None
0.00
TRIP COM GROUP LTD
OTRShares938.84K
TypeSH
Market value$59.69M
1.69%
Sole
0.00
Shared
938.84K
None
0.00
ENFUSION INC
OTRShares4.98M
TypeSH
Market value$55.47M
1.57%
Sole
0.00
Shared
4.98M
None
0.00
YATSEN HLDG LTD
OTRShares6.89M
TypeSH
Market value$33.12M
0.94%
Sole
0.00
Shared
6.89M
None
0.00
CYTEK BIOSCIENCES INC
OTRShares6.66M
TypeSH
Market value$26.69M
0.75%
Sole
0.00
Shared
6.66M
None
0.00
BAIDU INC
OTRShares170K
TypeSH
Market value$15.65M
0.44%
Sole
0.00
Shared
170K
None
0.00
LI AUTO INC
OTRShares620K
TypeSH
Market value$15.62M
0.44%
Sole
0.00
Shared
620K
None
0.00
YUM CHINA HLDGS INC
OTRShares292.12K
TypeSH
Market value$15.21M
0.43%
Sole
0.00
Shared
292.12K
None
0.00
ZTO EXPRESS CAYMAN INC
OTRShares671.39K
TypeSH
Market value$13.32M
0.38%
Sole
0.00
Shared
671.39K
None
0.00
KANZHUN LIMITED
OTRShares576.34K
TypeSH
Market value$11.05M
0.31%
Sole
0.00
Shared
576.34K
None
0.00
H WORLD GROUP LTD
OTRShares237.33K
TypeSH
Market value$8.78M
0.25%
Sole
0.00
Shared
237.33K
None
0.00
AGORA INC
OTRShares2.10M
TypeSH
Market value$8.44M
0.24%
Sole
0.00
Shared
2.10M
None
0.00
ATOUR LIFESTYLE HLDGS LTD
OTRShares242.34K
TypeSH
Market value$6.87M
0.19%
Sole
0.00
Shared
242.34K
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
OTRShares33K
TypeSH
Market value$5.48M
0.15%
Sole
0.00
Shared
33K
None
0.00
GOSSAMER BIO INC
OTRShares4.97M
TypeSH
Market value$5.47M
0.15%
Sole
0.00
Shared
4.97M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCOTR | SPONSORED ADS | 6.56M | SH | $776.68M 21.94% | 0.00 | 6.56M | 0.00 |
ALIBABA GROUP HLDG LTDOTR | SPONSORED ADS | 3.91M | SH | $516.72M 14.60% | 0.00 | 3.91M | 0.00 |
FUTU HLDGS LTDOTR | SPON ADS CL A | 4.31M | SH | $440.87M 12.46% | 0.00 | 4.31M | 0.00 |
BEIGENE LTDOTR | SPONSORED ADS | 1.03M | SH | $281.51M 7.95% | 0.00 | 1.03M | 0.00 |
NETEASE INCOTR | SPONSORED ADS | 2.67M | SH | $274.66M 7.76% | 0.00 | 2.67M | 0.00 |
KE HLDGS INCOTR | SPONSORED ADS | 11.97M | SH | $240.55M 6.80% | 0.00 | 11.97M | 0.00 |
LEGEND BIOTECH CORPOTR | SPONSORED ADS | 5.98M | SH | $203.06M 5.74% | 0.00 | 5.98M | 0.00 |
JD.COM INCOTR | SPON ADS CL A | 4.81M | SH | $197.86M 5.59% | 0.00 | 4.81M | 0.00 |
VIPSHOP HLDGS LTDOTR | SPONSORED ADS A | 6.68M | SH | $104.80M 2.96% | 0.00 | 6.68M | 0.00 |
WNS HLDGS LTDOTR | COM SHS | 1.53M | SH | $94.17M 2.66% | 0.00 | 1.53M | 0.00 |
ARRIVENT BIOPHARMA INCOTR | COM | 4.48M | SH | $82.92M 2.34% | 0.00 | 4.48M | 0.00 |
TRIP COM GROUP LTDOTR | ADS | 938.84K | SH | $59.69M 1.69% | 0.00 | 938.84K | 0.00 |
ENFUSION INCOTR | CL A | 4.98M | SH | $55.47M 1.57% | 0.00 | 4.98M | 0.00 |
YATSEN HLDG LTDOTR | SPONSORED ADS | 6.89M | SH | $33.12M 0.94% | 0.00 | 6.89M | 0.00 |
CYTEK BIOSCIENCES INCOTR | COM | 6.66M | SH | $26.69M 0.75% | 0.00 | 6.66M | 0.00 |
BAIDU INCOTR | SPON ADR REP A | 170K | SH | $15.65M 0.44% | 0.00 | 170K | 0.00 |
LI AUTO INCOTR | SPONSORED ADS | 620K | SH | $15.62M 0.44% | 0.00 | 620K | 0.00 |
YUM CHINA HLDGS INCOTR | COM | 292.12K | SH | $15.21M 0.43% | 0.00 | 292.12K | 0.00 |
ZTO EXPRESS CAYMAN INCOTR | SPONSORED ADS A | 671.39K | SH | $13.32M 0.38% | 0.00 | 671.39K | 0.00 |
KANZHUN LIMITEDOTR | SPONSORED ADS | 576.34K | SH | $11.05M 0.31% | 0.00 | 576.34K | 0.00 |
H WORLD GROUP LTDOTR | SPONSORED ADS | 237.33K | SH | $8.78M 0.25% | 0.00 | 237.33K | 0.00 |
AGORA INCOTR | ADS | 2.10M | SH | $8.44M 0.24% | 0.00 | 2.10M | 0.00 |
ATOUR LIFESTYLE HLDGS LTDOTR | SPONSORED ADS | 242.34K | SH | $6.87M 0.19% | 0.00 | 242.34K | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDOTR | SPONSORED ADS | 33K | SH | $5.48M 0.15% | 0.00 | 33K | 0.00 |
GOSSAMER BIO INCOTR | COM | 4.97M | SH | $5.47M 0.15% | 0.00 | 4.97M | 0.00 |
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