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 2025Q4 — net new, added, trimmed, exited.
New positions6 names
  • TSMTAIWAN SEMICONDUCTOR MFG LTD
    +11,300
    $3.4M
  • GOOGLALPHABET INC
    +7,300
    $2.3M
  • IBITISHARES BITCOIN TR
    +35,300
    $1.8M
  • AXIACENTRAIS ELETRICAS BRASILEIR
    +96,600
    $885K
  • VNETVNET GROUP INC
    +53,100
    $449K
  • AXIA/PCCENTRAIS ELET BRAS SA
    +25,390
    $219K
Added to2 names
  • BABAALIBABA GROUP HLDG LTD
    +2,140,680
    $313.8M
  • PDDPINDUODUO INC
    +2,128,800
    $241.4M
Trimmed3 names
  • FUTUFUTU HLDGS LTD
    −1,607,930
    $264.0M
  • G9572DWEBULL CORP
    −27,106,242
    $210.6M
  • AVBPARRIVENT BIOPHARMA INC
    −555,555
    $11.2M
Exited6 names
  • BIDUBAIDU INC
    −1,641,000
    $216.2M
  • NTESNETEASE INC
    −790,807
    $120.2M
  • YMMFULL TRUCK ALLIANCE CO LTD
    −4,066,553
    $52.7M
  • SESEA LTD
    −180,050
    $32.2M
  • EMSMART SH GLOBAL LTD
    −3,949,700
    $5.3M
  • BEDUBRIGHT SCHOLAR ED HLDGS LTD
    −988,143
    $1.9M

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