Filed: 8/14/2025ACC: 0000902664-25-003621
📋 What this filing means
HHLR ADVISORS, LTD. filed this quarterly 13F‑HR report disclosing 36 equity positions with a total reported market value of $3.10B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
36
Positions
$3.10B
Total AUM (reported)
110.47M
Total Shares
Allocation by class
SPONSORED ADS$1.78B57.3%
SPON ADS CL A$607.22M19.6%
ORD SHS$395.65M12.7%
COM$135.54M4.4%
COM SHS$96.85M3.1%
CL A$32.61M1.1%
SPONSORED ADS A$28.95M0.9%
Portfolio Concentration
Top 3$1.66B53.4%
4–10$1.14B36.8%
11–25$289.66M9.3%
Rest$12.09M0.4%
Top 3 weight
53.4%
Top 10 weight
90.3%
Voting Authority Distribution
Total shares with voting rights: 110.47M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
110.47M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other36
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings36
Rows:
PDD HOLDINGS INC
OTRShares6.98M
TypeSH
Market value$730.19M
23.52%
Sole
0.00
Shared
6.98M
None
0.00
FUTU HLDGS LTD
OTRShares4.31M
TypeSH
Market value$532.95M
17.17%
Sole
0.00
Shared
4.31M
None
0.00
WEBULL CORP
OTRShares33.08M
TypeSH
Market value$395.65M
12.74%
Sole
0.00
Shared
33.08M
None
0.00
BEONE MEDICINES LTD
OTRShares1.03M
TypeSH
Market value$250.37M
8.06%
Sole
0.00
Shared
1.03M
None
0.00
NETEASE INC
OTRShares1.66M
TypeSH
Market value$223.90M
7.21%
Sole
0.00
Shared
1.66M
None
0.00
LEGEND BIOTECH CORP
OTRShares5.98M
TypeSH
Market value$212.39M
6.84%
Sole
0.00
Shared
5.98M
None
0.00
KE HLDGS INC
OTRShares7.47M
TypeSH
Market value$132.44M
4.27%
Sole
0.00
Shared
7.47M
None
0.00
ALIBABA GROUP HLDG LTD
OTRShares1.15M
TypeSH
Market value$130.39M
4.20%
Sole
0.00
Shared
1.15M
None
0.00
ARRIVENT BIOPHARMA INC
OTRShares4.48M
TypeSH
Market value$97.63M
3.14%
Sole
0.00
Shared
4.48M
None
0.00
WNS HLDGS LTD
OTRShares1.53M
TypeSH
Market value$96.85M
3.12%
Sole
0.00
Shared
1.53M
None
0.00
JD.COM INC
OTRShares2.28M
TypeSH
Market value$74.27M
2.39%
Sole
0.00
Shared
2.28M
None
0.00
YATSEN HLDG LTD
OTRShares6.11M
TypeSH
Market value$58.92M
1.90%
Sole
0.00
Shared
6.11M
None
0.00
CLEARWATER ANALYTICS HLDGS I
OTRShares1.37M
TypeSH
Market value$29.96M
0.96%
Sole
0.00
Shared
1.37M
None
0.00
CYTEK BIOSCIENCES INC
OTRShares6.66M
TypeSH
Market value$22.63M
0.73%
Sole
0.00
Shared
6.66M
None
0.00
VIPSHOP HLDGS LTD
OTRShares1.13M
TypeSH
Market value$17.03M
0.55%
Sole
0.00
Shared
1.13M
None
0.00
LI AUTO INC
OTRShares620K
TypeSH
Market value$16.81M
0.54%
Sole
0.00
Shared
620K
None
0.00
I MAB
OTRShares5.98M
TypeSH
Market value$14.47M
0.47%
Sole
0.00
Shared
5.98M
None
0.00
ZTO EXPRESS CAYMAN INC
OTRShares671.39K
TypeSH
Market value$11.92M
0.38%
Sole
0.00
Shared
671.39K
None
0.00
KANZHUN LIMITED
OTRShares576.34K
TypeSH
Market value$10.28M
0.33%
Sole
0.00
Shared
576.34K
None
0.00
AGORA INC
OTRShares2.10M
TypeSH
Market value$8.00M
0.26%
Sole
0.00
Shared
2.10M
None
0.00
GOSSAMER BIO INC
OTRShares4.97M
TypeSH
Market value$6.12M
0.20%
Sole
0.00
Shared
4.97M
None
0.00
MAZE THERAPEUTICS INC
OTRShares457.54K
TypeSH
Market value$5.61M
0.18%
Sole
0.00
Shared
457.54K
None
0.00
SAGIMET BIOSCIENCES INC
OTRShares724.80K
TypeSH
Market value$5.52M
0.18%
Sole
0.00
Shared
724.80K
None
0.00
SMART SH GLOBAL LTD
OTRShares3.95M
TypeSH
Market value$4.50M
0.15%
Sole
0.00
Shared
3.95M
None
0.00
TUYA INC
OTRShares1.56M
TypeSH
Market value$3.61M
0.12%
Sole
0.00
Shared
1.56M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCOTR | SPONSORED ADS | 6.98M | SH | $730.19M 23.52% | 0.00 | 6.98M | 0.00 |
FUTU HLDGS LTDOTR | SPON ADS CL A | 4.31M | SH | $532.95M 17.17% | 0.00 | 4.31M | 0.00 |
WEBULL CORPOTR | ORD SHS | 33.08M | SH | $395.65M 12.74% | 0.00 | 33.08M | 0.00 |
BEONE MEDICINES LTDOTR | SPONSORED ADS | 1.03M | SH | $250.37M 8.06% | 0.00 | 1.03M | 0.00 |
NETEASE INCOTR | SPONSORED ADS | 1.66M | SH | $223.90M 7.21% | 0.00 | 1.66M | 0.00 |
LEGEND BIOTECH CORPOTR | SPONSORED ADS | 5.98M | SH | $212.39M 6.84% | 0.00 | 5.98M | 0.00 |
KE HLDGS INCOTR | SPONSORED ADS | 7.47M | SH | $132.44M 4.27% | 0.00 | 7.47M | 0.00 |
ALIBABA GROUP HLDG LTDOTR | SPONSORED ADS | 1.15M | SH | $130.39M 4.20% | 0.00 | 1.15M | 0.00 |
ARRIVENT BIOPHARMA INCOTR | COM | 4.48M | SH | $97.63M 3.14% | 0.00 | 4.48M | 0.00 |
WNS HLDGS LTDOTR | COM SHS | 1.53M | SH | $96.85M 3.12% | 0.00 | 1.53M | 0.00 |
JD.COM INCOTR | SPON ADS CL A | 2.28M | SH | $74.27M 2.39% | 0.00 | 2.28M | 0.00 |
YATSEN HLDG LTDOTR | SPONSORED ADS | 6.11M | SH | $58.92M 1.90% | 0.00 | 6.11M | 0.00 |
CLEARWATER ANALYTICS HLDGS IOTR | CL A | 1.37M | SH | $29.96M 0.96% | 0.00 | 1.37M | 0.00 |
CYTEK BIOSCIENCES INCOTR | COM | 6.66M | SH | $22.63M 0.73% | 0.00 | 6.66M | 0.00 |
VIPSHOP HLDGS LTDOTR | SPONSORED ADS A | 1.13M | SH | $17.03M 0.55% | 0.00 | 1.13M | 0.00 |
LI AUTO INCOTR | SPONSORED ADS | 620K | SH | $16.81M 0.54% | 0.00 | 620K | 0.00 |
I MABOTR | SPONSORED ADS | 5.98M | SH | $14.47M 0.47% | 0.00 | 5.98M | 0.00 |
ZTO EXPRESS CAYMAN INCOTR | SPONSORED ADS A | 671.39K | SH | $11.92M 0.38% | 0.00 | 671.39K | 0.00 |
KANZHUN LIMITEDOTR | SPONSORED ADS | 576.34K | SH | $10.28M 0.33% | 0.00 | 576.34K | 0.00 |
AGORA INCOTR | ADS | 2.10M | SH | $8.00M 0.26% | 0.00 | 2.10M | 0.00 |
GOSSAMER BIO INCOTR | COM | 4.97M | SH | $6.12M 0.20% | 0.00 | 4.97M | 0.00 |
MAZE THERAPEUTICS INCOTR | COM | 457.54K | SH | $5.61M 0.18% | 0.00 | 457.54K | 0.00 |
SAGIMET BIOSCIENCES INCOTR | COM SER A | 724.80K | SH | $5.52M 0.18% | 0.00 | 724.80K | 0.00 |
SMART SH GLOBAL LTDOTR | ADS | 3.95M | SH | $4.50M 0.15% | 0.00 | 3.95M | 0.00 |
TUYA INCOTR | SPONSERED ADS | 1.56M | SH | $3.61M 0.12% | 0.00 | 1.56M | 0.00 |
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