Hedge Fund · CIK 0001762304

Hillhouse

HHLR Advisors

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 filings View holdings

Portfolio

$3.10B

Positions

Quarter

2025Q4

Filings tracked

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2024Q4

Sector45 positions

ONCBEIGENE LTDADR

Healthcare·Biotechnology

24.34%

of portfolio

Number of shares

3,804,406 sh

Holdings current value

$702.71M

Avg closing price

$136.90

Last action

Trimmed 42.1%

2025Q1

Current —

BABAALIBABA GROUP HLDG LTDADR

Consumer Cyclical·Internet Retail

14.35%

of portfolio

Number of shares

4,887,300 sh

Holdings current value

$414.39M

Avg closing price

$146.43

-5.4%

Last action

Added 77.9%

2025Q4

Current $138.59

PDDPINDUODUO INCADR

Consumer Cyclical·Internet Retail

9.17%

of portfolio

Number of shares

2,730,275 sh

Holdings current value

$264.81M

Avg closing price

$112.77

Last action

Added 353.9%

2025Q4

Current —

NTESNETEASE INCADR

Communication Services·Electronic Gaming & Multimedia

8.00%

of portfolio

Number of shares

2,588,943 sh

Holdings current value

$230.96M

Avg closing price

$94.08

Last action

Exited

2025Q4

Current —

BEKEKE HLDGS INCADR

Real Estate·Real Estate Services

7.18%

of portfolio

Number of shares

11,261,276 sh

Holdings current value

$207.43M

Avg closing price

$21.59

Last action

Trimmed 22.3%

2025Q3

Current —

VIPSVIPSHOP HOLDINGS LIMITEDADR

Consumer Cyclical·Internet Retail

6.94%

of portfolio

Number of shares

14,880,002 sh

Holdings current value

$200.43M

Avg closing price

$13.18

Last action

Exited

2025Q3

Current —

LEGNLEGEND BIOTECH CORPADR

Healthcare·Biotechnology

6.74%

of portfolio

Number of shares

5,984,550 sh

Holdings current value

$194.74M

Avg closing price

$47.95

Last action

Trimmed 9.8%

2024Q4

Current —

AVBPARRIVENT BIOPHARMA INC

Healthcare·Biotechnology

4.14%

of portfolio

Number of shares

4,484,672 sh

Holdings current value

$119.47M

Avg closing price

$17.95

Last action

Trimmed 11.0%

2025Q4

Current —

FUTUFUTU HLDGS LTDADR

Financial Services·Capital Markets

3.10%

of portfolio

Number of shares

1,118,303 sh

Holdings current value

$89.45M

Avg closing price

$94.94

+73.9%

Last action

Trimmed 59.0%

2025Q4

Current $165.06

G98196101WNS HLDGS LTD

2.51%

of portfolio

Number of shares

1,531,466 sh

Holdings current value

$72.58M

Avg closing price

$47.39

Last action

Exited

2025Q3

Current —

TCOMTRIP COM GROUP LTDADR

Consumer Cyclical·Travel Services

2.17%

of portfolio

Number of shares

913,842 sh

Holdings current value

$62.74M

Avg closing price

$48.86

Last action

Exited

2025Q2

Current —

JDJD.COM INCADR

Consumer Cyclical·Internet Retail

2.03%

of portfolio

Number of shares

1,690,000 sh

Holdings current value

$58.59M

Avg closing price

$40.60

Last action

Exited

2025Q3

Current —

292812104ENFUSION INC

1.77%

of portfolio

Number of shares

4,975,183 sh

Holdings current value

$51.24M

Avg closing price

$20.94

Last action

Exited

2025Q2

Current —

CTKBCYTEK BIOSCIENCES INC

Healthcare·Medical Devices

1.50%

of portfolio

Number of shares

6,657,030 sh

Holdings current value

$43.20M

Avg closing price

$21.41

Last action

Trimmed 13.6%

2023Q2

Current —

G52694109KINIKSA PHARMACEUTICALS INTL

1.08%

of portfolio

Number of shares

1,582,635 sh

Holdings current value

$31.30M

Avg closing price

$18.67

Last action

Exited

2025Q1

Current —

BBIOBRIDGEBIO PHARMA INC

Healthcare·Biotechnology

0.97%

of portfolio

Number of shares

1,023,950 sh

Holdings current value

$28.10M

Avg closing price

$29.14

+166.0%

Last action

Exited

2025Q1

Current $77.51

YSGYATSEN HLDG LTDADR

Consumer Defensive·Household & Personal Products

0.95%

of portfolio

Number of shares

6,885,873 sh

Holdings current value

$27.41M

Avg closing price

$2.11

Last action

Trimmed 15.1%

2025Q3

Current —

CTNMCONTINEUM THERAPEUTICS INC

Healthcare·Biotechnology

0.34%

of portfolio

Number of shares

669,337 sh

Holdings current value

$9.81M

Avg closing price

$17.61

Last action

New holding

2024Q2

Current —

APIAGORA INCADR

0.30%

of portfolio

Number of shares

2,098,553 sh

Holdings current value

$8.73M

Avg closing price

$4.73

Last action

New holding

2024Q4

Current —

ZTOZTO EXPRESS CAYMAN INCADR

Industrials·Integrated Freight & Logistics

0.30%

of portfolio

Number of shares

435,927 sh

Holdings current value

$8.52M

Avg closing price

$23.05

Last action

Exited

2025Q3

Current —

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

0.29%

of portfolio

Number of shares

42,588 sh

Holdings current value

$8.41M

Avg closing price

$147.43

+146.5%

Last action

New holding

2025Q4

Current $363.35

SOHUSOHU COM LTDADR

Communication Services·Electronic Gaming & Multimedia

0.23%

of portfolio

Number of shares

510,484 sh

Holdings current value

$6.73M

Avg closing price

$17.42

Last action

Exited

2025Q2

Current —

NBPI MABADR

Healthcare·Biotechnology

0.18%

of portfolio

Number of shares

5,980,568 sh

Holdings current value

$5.08M

Avg closing price

$50.06

Last action

Trimmed 13.4%

2024Q4

Current —

GOSSGOSSAMER BIO INC

Healthcare·Biotechnology

0.16%

of portfolio

Number of shares

4,974,041 sh

Holdings current value

$4.50M

Avg closing price

$16.64

Last action

Trimmed 33.0%

2022Q4

Current —

SGMTSAGIMET BIOSCIENCES INC

Healthcare·Biotechnology

0.11%

of portfolio

Number of shares

724,800 sh

Holdings current value

$3.26M

Avg closing price

$8.80

Last action

Trimmed 50.0%

2024Q1

Current —

ALGSALIGOS THERAPEUTICS INC

0.11%

of portfolio

Number of shares

76,247 sh

Holdings current value

$3.04M

Avg closing price

$8.66

Last action

New holding

2024Q3

Current —

DHRDANAHER CORPORATION

Healthcare·Diagnostics & Research

0.10%

of portfolio

Number of shares

13,079 sh

Holdings current value

$3.00M

Avg closing price

$231.89

-16.4%

Last action

Exited

2025Q2

Current $193.78

MGXMETAGENOMI INC

0.10%

of portfolio

Number of shares

777,768 sh

Holdings current value

$2.81M

Avg closing price

$10.55

Last action

Exited

2025Q2

Current —

TUYATUYA INCADR

Technology·Software - Infrastructure

0.10%

of portfolio

Number of shares

1,564,400 sh

Holdings current value

$2.80M

Avg closing price

$21.14

Last action

Trimmed 2.2%

2024Q1

Current —

EMSMART SH GLOBAL LTDADR

0.10%

of portfolio

Number of shares

3,949,700 sh

Holdings current value

$2.76M

Avg closing price

$6.07

Last action

Exited

2025Q4

Current —

GEVGE VERNOVA LLC

Industrials·Specialty Industrial Machinery

0.09%

of portfolio

Number of shares

7,826 sh

Holdings current value

$2.57M

Avg closing price

$173.12

+465.1%

Last action

Exited

2025Q1

Current $978.32

MSCIMSCI INC

Financial Services·Financial Data & Stock Exchanges

0.08%

of portfolio

Number of shares

3,650 sh

Holdings current value

$2.19M

Avg closing price

$600.01

-5.9%

Last action

Exited

2025Q3

Current $564.90

MCOMOODYS CORP

Financial Services·Financial Data & Stock Exchanges

0.07%

of portfolio

Number of shares

4,477 sh

Holdings current value

$2.12M

Avg closing price

$449.99

Last action

Added 10.1%

2025Q3

Current —

MOGUMOGU INCADR

0.06%

of portfolio

Number of shares

847,510 sh

Holdings current value

$1.84M

Avg closing price

$3.52

Last action

Trimmed 2.6%

2023Q1

Current —

GEGENERAL ELECTRIC CO

Industrials·Aerospace & Defense

0.06%

of portfolio

Number of shares

10,328 sh

Holdings current value

$1.72M

Avg closing price

$219.71

+35.8%

Last action

Added 56.7%

2025Q3

Current $298.29

BEDUBRIGHT SCHOLAR ED HLDGS LTDADR

0.06%

of portfolio

Number of shares

988,143 sh

Holdings current value

$1.70M

Avg closing price

$0.00

Last action

Exited

2025Q4

Current —

PACBPACIFIC BIOSCIENCES CALIF IN

Healthcare·Medical Devices

0.06%

of portfolio

Number of shares

918,892 sh

Holdings current value

$1.68M

Avg closing price

$25.40

-93.6%

Last action

New holding

2023Q3

Current $1.63

JOYYJOYY INCADR

Communication Services·Internet Content & Information

0.04%

of portfolio

Number of shares

30,000 sh

Holdings current value

$1.26M

Avg closing price

$83.07

Last action

Exited

2025Q2

Current —

G8994E103TRANE TECHNOLOGIES PLC

0.03%

of portfolio

Number of shares

2,338 sh

Holdings current value

$863.5K

Avg closing price

$356.33

Last action

Exited

2025Q1

Current —

D0ADADA NEXUS LTDADR

0.03%

of portfolio

Number of shares

700,000 sh

Holdings current value

$847.0K

Avg closing price

$1.25

Last action

Exited

2025Q1

Current —

PYXSPYXIS ONCOLOGY INC

0.02%

of portfolio

Number of shares

382,606 sh

Holdings current value

$596.9K

Avg closing price

$10.97

Last action

Exited

2025Q1

Current —

MOMOHELLO GROUP INCADR

Communication Services·Internet Content & Information

0.01%

of portfolio

Number of shares

53,590 sh

Holdings current value

$413.2K

Avg closing price

$7.71

Last action

Exited

2025Q1

Current —

G9845F208LAKESHORE BIOPHARMA CO LTD

0.01%

of portfolio

Number of shares

75,179 sh

Holdings current value

$259.4K

Avg closing price

$3.45

Last action

Exited

2025Q3

Current —

UXINUXIN LTDADR

0.00%

of portfolio

Number of shares

19,156 sh

Holdings current value

$88.7K

Avg closing price

$2.12

Last action

New holding

2024Q1

Current —

G2124G120RIDGETECH INC

0.00%

of portfolio

Number of shares

20,167 sh

Holdings current value

$35.3K

Avg closing price

$3.12

Last action

New holding

2024Q1

Current —

Portfolio heatmap

Box size = % of portfolio · color = return since filing

WNS HLDGS LTD

2.51%

TCOM

2.17%

2.03%

ENFUSION INC

1.77%

CTKB

1.50%

KINIKSA PHARMACEUTICALS INTL

1.08%

21 more

1.24%

Sector exposure

Share of dollar value across the latest 13F report. Unclassified positions excluded.

Healthcare11 pos$1.12B41.2%
Consumer Cyclical5 pos$1.00B37.0%
Communication Services4 pos$239.4M8.8%
Real Estate1 pos$207.4M7.7%
Financial Services3 pos$93.8M3.5%
Consumer Defensive1 pos$27.4M1.0%
Industrials3 pos$12.8M0.5%
Technology2 pos$11.2M0.4%

(6.2% unclassified, excluded from %)