Hedge Fund · CIK 0001762304

Hillhouse

HHLR Advisors
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Hillhouse runs HHLR Advisors, a hedge fund overseeing $3.10B in disclosed equity holdings (SEC CIK 0001762304). The latest 13F filing (2025Q4) discloses 33 positions across 10 sectors, with the largest positions in PDD, BABA and ONC. OpenStocks tracks 29 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.

Track Hillhouse's filingsView holdings
Portfolio
$3.10B
Positions
33
Quarter
2025Q4
Filings tracked
29
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Capital flow per quarter
BuysSellsNet
+$1.63B+$817M$0-$817M-$1.63B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
-$350M
Lifetime buys
$10.72B
Lifetime sells
$13.22B

Quarter activity

What changed in 2023Q3 — net new, added, trimmed, exited.
New positions7 names
  • 75525NRAYZEBIO INC
    +1,395,716
    $31.0M
  • NMRANEUMORA THERAPEUTICS INC.
    +1,699,313
    $24.0M
  • SGMTSAGIMET BIOSCIENCES INC
    +1,449,543
    $12.8M
  • SESEA LTD
    +174,800
    $7.7M
  • PACBPACIFIC BIOSCIENCES CALIF IN
    +918,892
    $7.7M
  • TSLATESLA INC
    +30,000
    $7.5M
  • 02290AAMBRX BIOPHARMA INC
    +31,735
    $365K
Added to4 names
  • AMZNAMAZON COM INC
    +777,700
    $98.9M
  • G76279ROIVANT SCIENCES LTD
    +1,925,118
    $22.5M
  • MSFTMICROSOFT CORP
    +42,400
    $13.4M
  • BZKANZHUN LIMITED
    +700
    $11K
Trimmed20 names
  • BABAALIBABA GROUP HLDG LTD
    −1,232,080
    $106.9M
  • PDDPINDUODUO INC
    −821,400
    $80.6M
  • BEKEKE HLDGS INC
    −5,157,209
    $80.0M
  • JDJD.COM INC
    −2,194,350
    $63.9M
  • HTHTHUAZHU GROUP LTD
    −1,381,222
    $54.5M
  • H5919CON HLDG AG
    −1,705,024
    $47.4M
  • CRMSALESFORCE COM INC
    −163,900
    $33.2M
  • ZTOZTO EXPRESS CAYMAN INC
    −1,146,488
    $27.7M
  • FUTUFUTU HLDGS LTD
    −337,187
    $19.5M
  • YMMFULL TRUCK ALLIANCE CO LTD
    −1,692,487
    $11.9M
  • BMRNBIOMARIN PHARMACEUTICAL INC
    −114,900
    $10.2M
  • ATATATOUR LIFESTYLE HLDGS LTD
    −461,522
    $8.7M
  • + 8 more…
Exited7 names
  • KDPKEURIG DR PEPPER INC
    −564,568
    $17.7M
  • ADBEADOBE SYSTEMS INCORPORATED
    −27,000
    $13.2M
  • GOOGALPHABET INC
    −100,000
    $12.1M
  • COINCOINBASE GLOBAL INC
    −100,000
    $7.2M
  • LILI AUTO INC
    −170,704
    $6.0M
  • AMDADVANCED MICRO DEVICES INC
    −40,500
    $4.6M
  • HOOKGBPHOOKIPA PHARMA INC
    −770,717
    $678K

Recent transactions

Last 20 moves
ADD
Hillhouse (HHLR Advisors) added to BABA
ALIBABA GROUP HLDG LTD
+2,140,680
~$146.58 · 2025Q4
2026-02-17
TRIM
Hillhouse (HHLR Advisors) trimmed AVBP
ARRIVENT BIOPHARMA INC
−555,555
~$20.12 · 2025Q4
2026-02-17
SOLD
Hillhouse (HHLR Advisors) exited BIDU
BAIDU INC
−1,641,000
~$131.77 · 2025Q4
2026-02-17
SOLD
Hillhouse (HHLR Advisors) exited BEDU
BRIGHT SCHOLAR ED HLDGS LTD
−988,143
~$1.95 · 2025Q4
2026-02-17
SOLD
Hillhouse (HHLR Advisors) exited YMM
FULL TRUCK ALLIANCE CO LTD
−4,066,553
~$12.97 · 2025Q4
2026-02-17
TRIM
Hillhouse (HHLR Advisors) trimmed FUTU
FUTU HLDGS LTD
−1,607,930
~$164.21 · 2025Q4
2026-02-17
SOLD
Hillhouse (HHLR Advisors) exited NTES
NETEASE INC
−790,807
~$151.99 · 2025Q4
2026-02-17
ADD
Hillhouse (HHLR Advisors) added to PDD
PINDUODUO INC
+2,128,800
~$113.39 · 2025Q4
2026-02-17
SOLD
Hillhouse (HHLR Advisors) exited SE
SEA LTD
−180,050
~$178.73 · 2025Q4
2026-02-17
SOLD
Hillhouse (HHLR Advisors) exited EM
SMART SH GLOBAL LTD
−3,949,700
~$1.35 · 2025Q4
2026-02-17
TRIM
Hillhouse (HHLR Advisors) trimmed G9572D103
WEBULL CORP
−27,106,242
~$7.77 · 2025Q4
2026-02-17
NEW
Hillhouse (HHLR Advisors) opened a new position in GOOGL
ALPHABET INC
+7,300
~$313.00 · 2025Q4
2026-02-17
NEW
Hillhouse (HHLR Advisors) opened a new position in AXIA
CENTRAIS ELETRICAS BRASILEIR
+96,600
~$9.16 · 2025Q4
2026-02-17
NEW
Hillhouse (HHLR Advisors) opened a new position in AXIA/PC
CENTRAIS ELET BRAS SA
+25,390
~$8.62 · 2025Q4
2026-02-17
NEW
Hillhouse (HHLR Advisors) opened a new position in IBIT
ISHARES BITCOIN TR
+35,300
~$49.65 · 2025Q4
2026-02-17
NEW
Hillhouse (HHLR Advisors) opened a new position in TSM
TAIWAN SEMICONDUCTOR MFG LTD
+11,300
~$303.89 · 2025Q4
2026-02-17
NEW
Hillhouse (HHLR Advisors) opened a new position in VNET
VNET GROUP INC
+53,100
~$8.46 · 2025Q4
2026-02-17
ADD
Hillhouse (HHLR Advisors) added to BABA
ALIBABA GROUP HLDG LTD
+2,139,966
~$178.73 · 2025Q3
2025-11-14
TRIM
Hillhouse (HHLR Advisors) trimmed FUTU
FUTU HLDGS LTD
−1,074,058
~$173.91 · 2025Q3
2025-11-14
ADD
Hillhouse (HHLR Advisors) added to GE
GENERAL ELECTRIC CO
+3,738
~$300.82 · 2025Q3
2025-11-14