Filed: 11/14/2025ACC: 0000902664-25-004996
📋 What this filing means
HHLR ADVISORS, LTD. filed this quarterly 13F‑HR report disclosing 33 equity positions with a total reported market value of $4.09B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
33
Positions
$4.09B
Total AUM (reported)
106.94M
Total Shares
Allocation by class
SPONSORED ADS$2.59B63.4%
SPON ADS CL A$563.15M13.8%
ORD SHS$489.27M12.0%
SPON ADR REP A$216.23M5.3%
COM$134.24M3.3%
CL A$32.48M0.8%
SPONSORD ADS$32.18M0.8%
Portfolio Concentration
Top 3$2.29B55.9%
4–10$1.54B37.6%
11–25$260.43M6.4%
Rest$7.05M0.2%
Top 3 weight
55.9%
Top 10 weight
93.5%
Voting Authority Distribution
Total shares with voting rights: 106.94M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
106.94M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other33
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings33
Rows:
PDD HOLDINGS INC
OTRShares8.59M
TypeSH
Market value$1.14B
27.76%
Sole
0.00
Shared
8.59M
None
0.00
ALIBABA GROUP HLDG LTD
OTRShares3.29M
TypeSH
Market value$587.96M
14.37%
Sole
0.00
Shared
3.29M
None
0.00
FUTU HLDGS LTD
OTRShares3.24M
TypeSH
Market value$563.15M
13.77%
Sole
0.00
Shared
3.24M
None
0.00
WEBULL CORP
OTRShares33.08M
TypeSH
Market value$489.27M
11.96%
Sole
0.00
Shared
33.08M
None
0.00
BEONE MEDICINES LTD
OTRShares1.03M
TypeSH
Market value$352.39M
8.61%
Sole
0.00
Shared
1.03M
None
0.00
BAIDU INC
OTRShares1.64M
TypeSH
Market value$216.23M
5.29%
Sole
0.00
Shared
1.64M
None
0.00
LEGEND BIOTECH CORP
OTRShares5.98M
TypeSH
Market value$195.16M
4.77%
Sole
0.00
Shared
5.98M
None
0.00
NETEASE INC
OTRShares790.81K
TypeSH
Market value$120.19M
2.94%
Sole
0.00
Shared
790.81K
None
0.00
ARRIVENT BIOPHARMA INC
OTRShares4.48M
TypeSH
Market value$82.74M
2.02%
Sole
0.00
Shared
4.48M
None
0.00
KE HLDGS INC
OTRShares4.24M
TypeSH
Market value$80.49M
1.97%
Sole
0.00
Shared
4.24M
None
0.00
FULL TRUCK ALLIANCE CO LTD
OTRShares4.07M
TypeSH
Market value$52.74M
1.29%
Sole
0.00
Shared
4.07M
None
0.00
YATSEN HLDG LTD
OTRShares4.89M
TypeSH
Market value$44.27M
1.08%
Sole
0.00
Shared
4.89M
None
0.00
SEA LTD
OTRShares180.05K
TypeSH
Market value$32.18M
0.79%
Sole
0.00
Shared
180.05K
None
0.00
CLEARWATER ANALYTICS HLDGS I
OTRShares1.37M
TypeSH
Market value$24.61M
0.60%
Sole
0.00
Shared
1.37M
None
0.00
CYTEK BIOSCIENCES INC
OTRShares6.66M
TypeSH
Market value$23.10M
0.56%
Sole
0.00
Shared
6.66M
None
0.00
I MAB
OTRShares5.98M
TypeSH
Market value$22.61M
0.55%
Sole
0.00
Shared
5.98M
None
0.00
GOSSAMER BIO INC
OTRShares4.97M
TypeSH
Market value$13.08M
0.32%
Sole
0.00
Shared
4.97M
None
0.00
MAZE THERAPEUTICS INC
OTRShares457.54K
TypeSH
Market value$11.86M
0.29%
Sole
0.00
Shared
457.54K
None
0.00
AGORA INC
OTRShares2.10M
TypeSH
Market value$8.02M
0.20%
Sole
0.00
Shared
2.10M
None
0.00
CONTINEUM THERAPEUTICS INC
OTRShares669.34K
TypeSH
Market value$7.86M
0.19%
Sole
0.00
Shared
669.34K
None
0.00
SMART SH GLOBAL LTD
OTRShares3.95M
TypeSH
Market value$5.33M
0.13%
Sole
0.00
Shared
3.95M
None
0.00
SAGIMET BIOSCIENCES INC
OTRShares724.80K
TypeSH
Market value$4.97M
0.12%
Sole
0.00
Shared
724.80K
None
0.00
TUYA INC
OTRShares1.56M
TypeSH
Market value$3.86M
0.09%
Sole
0.00
Shared
1.56M
None
0.00
GE AEROSPACE
OTRShares10.04K
TypeSH
Market value$3.02M
0.07%
Sole
0.00
Shared
10.04K
None
0.00
MOGU INC
OTRShares847.51K
TypeSH
Market value$2.91M
0.07%
Sole
0.00
Shared
847.51K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCOTR | SPONSORED ADS | 8.59M | SH | $1.14B 27.76% | 0.00 | 8.59M | 0.00 |
ALIBABA GROUP HLDG LTDOTR | SPONSORED ADS | 3.29M | SH | $587.96M 14.37% | 0.00 | 3.29M | 0.00 |
FUTU HLDGS LTDOTR | SPON ADS CL A | 3.24M | SH | $563.15M 13.77% | 0.00 | 3.24M | 0.00 |
WEBULL CORPOTR | ORD SHS | 33.08M | SH | $489.27M 11.96% | 0.00 | 33.08M | 0.00 |
BEONE MEDICINES LTDOTR | SPONSORED ADS | 1.03M | SH | $352.39M 8.61% | 0.00 | 1.03M | 0.00 |
BAIDU INCOTR | SPON ADR REP A | 1.64M | SH | $216.23M 5.29% | 0.00 | 1.64M | 0.00 |
LEGEND BIOTECH CORPOTR | SPONSORED ADS | 5.98M | SH | $195.16M 4.77% | 0.00 | 5.98M | 0.00 |
NETEASE INCOTR | SPONSORED ADS | 790.81K | SH | $120.19M 2.94% | 0.00 | 790.81K | 0.00 |
ARRIVENT BIOPHARMA INCOTR | COM | 4.48M | SH | $82.74M 2.02% | 0.00 | 4.48M | 0.00 |
KE HLDGS INCOTR | SPONSORED ADS | 4.24M | SH | $80.49M 1.97% | 0.00 | 4.24M | 0.00 |
FULL TRUCK ALLIANCE CO LTDOTR | SPONSORED ADS | 4.07M | SH | $52.74M 1.29% | 0.00 | 4.07M | 0.00 |
YATSEN HLDG LTDOTR | SPONSORED ADS | 4.89M | SH | $44.27M 1.08% | 0.00 | 4.89M | 0.00 |
SEA LTDOTR | SPONSORD ADS | 180.05K | SH | $32.18M 0.79% | 0.00 | 180.05K | 0.00 |
CLEARWATER ANALYTICS HLDGS IOTR | CL A | 1.37M | SH | $24.61M 0.60% | 0.00 | 1.37M | 0.00 |
CYTEK BIOSCIENCES INCOTR | COM | 6.66M | SH | $23.10M 0.56% | 0.00 | 6.66M | 0.00 |
I MABOTR | SPONSORED ADS | 5.98M | SH | $22.61M 0.55% | 0.00 | 5.98M | 0.00 |
GOSSAMER BIO INCOTR | COM | 4.97M | SH | $13.08M 0.32% | 0.00 | 4.97M | 0.00 |
MAZE THERAPEUTICS INCOTR | COM | 457.54K | SH | $11.86M 0.29% | 0.00 | 457.54K | 0.00 |
AGORA INCOTR | ADS | 2.10M | SH | $8.02M 0.20% | 0.00 | 2.10M | 0.00 |
CONTINEUM THERAPEUTICS INCOTR | CL A | 669.34K | SH | $7.86M 0.19% | 0.00 | 669.34K | 0.00 |
SMART SH GLOBAL LTDOTR | ADS | 3.95M | SH | $5.33M 0.13% | 0.00 | 3.95M | 0.00 |
SAGIMET BIOSCIENCES INCOTR | COM SER A | 724.80K | SH | $4.97M 0.12% | 0.00 | 724.80K | 0.00 |
TUYA INCOTR | SPONSERED ADS | 1.56M | SH | $3.86M 0.09% | 0.00 | 1.56M | 0.00 |
GE AEROSPACEOTR | COM NEW | 10.04K | SH | $3.02M 0.07% | 0.00 | 10.04K | 0.00 |
MOGU INCOTR | SPON ADS | 847.51K | SH | $2.91M 0.07% | 0.00 | 847.51K | 0.00 |
Page 1 of 2