Filed: 2/17/2026ACC: 0000902664-26-001126
📋 What this filing means
HHLR ADVISORS, LTD. filed this quarterly 13F‑HR report disclosing 33 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.
33
Positions
$3.10B
Total AUM (reported)
70.55M
Total Shares
Allocation by class
SPONSORED ADS$2.57B82.8%
SPON ADS CL A$267.70M8.6%
COM$151.37M4.9%
ORD SHS$46.42M1.5%
CL A$40.60M1.3%
ADS$8.54M0.3%
COM SER A$4.29M0.1%
Portfolio Concentration
Top 3$2.33B74.9%
4–10$656.61M21.2%
11–25$116.53M3.8%
Rest$4.62M0.1%
Top 3 weight
74.9%
Top 10 weight
96.1%
Voting Authority Distribution
Total shares with voting rights: 70.55M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
70.55M
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
OTRShares10.72M
TypeSH
Market value$1.22B
39.17%
Sole
0.00
Shared
10.72M
None
0.00
ALIBABA GROUP HLDG LTD
OTRShares5.43M
TypeSH
Market value$795.98M
25.65%
Sole
0.00
Shared
5.43M
None
0.00
BEONE MEDICINES LTD
OTRShares1.03M
TypeSH
Market value$314.23M
10.12%
Sole
0.00
Shared
1.03M
None
0.00
FUTU HLDGS LTD
OTRShares1.63M
TypeSH
Market value$267.70M
8.63%
Sole
0.00
Shared
1.63M
None
0.00
LEGEND BIOTECH CORP
OTRShares5.98M
TypeSH
Market value$130.10M
4.19%
Sole
0.00
Shared
5.98M
None
0.00
ARRIVENT BIOPHARMA INC
OTRShares3.93M
TypeSH
Market value$79.05M
2.55%
Sole
0.00
Shared
3.93M
None
0.00
KE HLDGS INC
OTRShares4.24M
TypeSH
Market value$66.76M
2.15%
Sole
0.00
Shared
4.24M
None
0.00
WEBULL CORP
OTRShares5.97M
TypeSH
Market value$46.42M
1.50%
Sole
0.00
Shared
5.97M
None
0.00
CYTEK BIOSCIENCES INC
OTRShares6.66M
TypeSH
Market value$33.62M
1.08%
Sole
0.00
Shared
6.66M
None
0.00
CLEARWATER ANALYTICS HLDGS I
OTRShares1.37M
TypeSH
Market value$32.95M
1.06%
Sole
0.00
Shared
1.37M
None
0.00
NOVABRIDGE BIOSCIENCES
OTRShares5.98M
TypeSH
Market value$23.80M
0.77%
Sole
0.00
Shared
5.98M
None
0.00
YATSEN HLDG LTD
OTRShares4.89M
TypeSH
Market value$19.01M
0.61%
Sole
0.00
Shared
4.89M
None
0.00
MAZE THERAPEUTICS INC
OTRShares457.54K
TypeSH
Market value$18.96M
0.61%
Sole
0.00
Shared
457.54K
None
0.00
GOSSAMER BIO INC
OTRShares4.97M
TypeSH
Market value$15.42M
0.50%
Sole
0.00
Shared
4.97M
None
0.00
AGORA INC
OTRShares2.10M
TypeSH
Market value$8.54M
0.28%
Sole
0.00
Shared
2.10M
None
0.00
CONTINEUM THERAPEUTICS INC
OTRShares669.34K
TypeSH
Market value$7.65M
0.25%
Sole
0.00
Shared
669.34K
None
0.00
SAGIMET BIOSCIENCES INC
OTRShares724.80K
TypeSH
Market value$4.29M
0.14%
Sole
0.00
Shared
724.80K
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
OTRShares11.30K
TypeSH
Market value$3.43M
0.11%
Sole
0.00
Shared
11.30K
None
0.00
TUYA INC
OTRShares1.56M
TypeSH
Market value$3.30M
0.11%
Sole
0.00
Shared
1.56M
None
0.00
GE AEROSPACE
OTRShares10.04K
TypeSH
Market value$3.09M
0.10%
Sole
0.00
Shared
10.04K
None
0.00
ALPHABET INC
OTRShares7.30K
TypeSH
Market value$2.28M
0.07%
Sole
0.00
Shared
7.30K
None
0.00
MOGU INC
OTRShares847.51K
TypeSH
Market value$1.81M
0.06%
Sole
0.00
Shared
847.51K
None
0.00
ISHARES BITCOIN TRUST ETF
OTRShares35.30K
TypeSH
Market value$1.75M
0.06%
Sole
0.00
Shared
35.30K
None
0.00
PACIFIC BIOSCIENCES CALIF IN
OTRShares918.89K
TypeSH
Market value$1.72M
0.06%
Sole
0.00
Shared
918.89K
None
0.00
MOODYS CORP
OTRShares2.89K
TypeSH
Market value$1.48M
0.05%
Sole
0.00
Shared
2.89K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCOTR | SPONSORED ADS | 10.72M | SH | $1.22B 39.17% | 0.00 | 10.72M | 0.00 |
ALIBABA GROUP HLDG LTDOTR | SPONSORED ADS | 5.43M | SH | $795.98M 25.65% | 0.00 | 5.43M | 0.00 |
BEONE MEDICINES LTDOTR | SPONSORED ADS | 1.03M | SH | $314.23M 10.12% | 0.00 | 1.03M | 0.00 |
FUTU HLDGS LTDOTR | SPON ADS CL A | 1.63M | SH | $267.70M 8.63% | 0.00 | 1.63M | 0.00 |
LEGEND BIOTECH CORPOTR | SPONSORED ADS | 5.98M | SH | $130.10M 4.19% | 0.00 | 5.98M | 0.00 |
ARRIVENT BIOPHARMA INCOTR | COM | 3.93M | SH | $79.05M 2.55% | 0.00 | 3.93M | 0.00 |
KE HLDGS INCOTR | SPONSORED ADS | 4.24M | SH | $66.76M 2.15% | 0.00 | 4.24M | 0.00 |
WEBULL CORPOTR | ORD SHS | 5.97M | SH | $46.42M 1.50% | 0.00 | 5.97M | 0.00 |
CYTEK BIOSCIENCES INCOTR | COM | 6.66M | SH | $33.62M 1.08% | 0.00 | 6.66M | 0.00 |
CLEARWATER ANALYTICS HLDGS IOTR | CL A | 1.37M | SH | $32.95M 1.06% | 0.00 | 1.37M | 0.00 |
NOVABRIDGE BIOSCIENCESOTR | SPONSORED ADS | 5.98M | SH | $23.80M 0.77% | 0.00 | 5.98M | 0.00 |
YATSEN HLDG LTDOTR | SPONSORED ADS | 4.89M | SH | $19.01M 0.61% | 0.00 | 4.89M | 0.00 |
MAZE THERAPEUTICS INCOTR | COM | 457.54K | SH | $18.96M 0.61% | 0.00 | 457.54K | 0.00 |
GOSSAMER BIO INCOTR | COM | 4.97M | SH | $15.42M 0.50% | 0.00 | 4.97M | 0.00 |
AGORA INCOTR | ADS | 2.10M | SH | $8.54M 0.28% | 0.00 | 2.10M | 0.00 |
CONTINEUM THERAPEUTICS INCOTR | CL A | 669.34K | SH | $7.65M 0.25% | 0.00 | 669.34K | 0.00 |
SAGIMET BIOSCIENCES INCOTR | COM SER A | 724.80K | SH | $4.29M 0.14% | 0.00 | 724.80K | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDOTR | SPONSORED ADS | 11.30K | SH | $3.43M 0.11% | 0.00 | 11.30K | 0.00 |
TUYA INCOTR | SPONSERED ADS | 1.56M | SH | $3.30M 0.11% | 0.00 | 1.56M | 0.00 |
GE AEROSPACEOTR | COM NEW | 10.04K | SH | $3.09M 0.10% | 0.00 | 10.04K | 0.00 |
ALPHABET INCOTR | CAP STK CL A | 7.30K | SH | $2.28M 0.07% | 0.00 | 7.30K | 0.00 |
MOGU INCOTR | SPON ADS | 847.51K | SH | $1.81M 0.06% | 0.00 | 847.51K | 0.00 |
ISHARES BITCOIN TRUST ETFOTR | SHS BEN INT | 35.30K | SH | $1.75M 0.06% | 0.00 | 35.30K | 0.00 |
PACIFIC BIOSCIENCES CALIF INOTR | COM | 918.89K | SH | $1.72M 0.06% | 0.00 | 918.89K | 0.00 |
MOODYS CORPOTR | COM | 2.89K | SH | $1.48M 0.05% | 0.00 | 2.89K | 0.00 |
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