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 portfolio (2025Q4) discloses 33 positions across 10 sectors, with the largest positions in PDD, BABA and ONC. On a mark-to-market basis the tracked portfolio has returned 48.9% over the past year. OpenStocks tracks 29 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
Portfolio
$3.10B
Positions
33
Quarter
2025Q4
Filings tracked
29
Capital flow per quarter
BuysSellsNet
Latest · 2025Q4
-$350M
Lifetime buys
$10.99B
Lifetime sells
$13.47B
Quarter activity
What changed in 2023Q2 — net new, added, trimmed, exited.
New positions10 names
- TTWOTAKE-TWO INTERACTIVE SOFTWAR+783,000$115.2M
- DHRDANAHER CORPORATION+85,500$20.5M
- KDPKEURIG DR PEPPER INC+564,568$17.7M
- ADBEADOBE SYSTEMS INCORPORATED+27,000$13.2M
- GOOGALPHABET INC+100,000$12.1M
- ARGXARGENX SE+18,665$7.3M
- AXSMAXSOME THERAPEUTICS INC+100,000$7.2M
- COINCOINBASE GLOBAL INC+100,000$7.2M
- G76279ROIVANT SCIENCES LTD+523,461$5.3M
- HOOKGBPHOOKIPA PHARMA INC+770,717$678K
Added to10 names
- MSFTMICROSOFT CORP+502,400$171.1M
- LEGNLEGEND BIOTECH CORP+1,306,166$90.2M
- BEKEKE HLDGS INC+4,593,720$68.2M
- ZTOZTO EXPRESS CAYMAN INC+2,066,914$51.8M
- BIDUBAIDU INC+147,453$20.2M
- HTHTHUAZHU GROUP LTD+456,732$17.7M
- JDJD.COM INC+306,411$10.5M
- TMOTHERMO FISHER SCIENTIFIC INC+15,652$8.2M
- ATATATOUR LIFESTYLE HLDGS LTD+183,618$3.0M
- EXKEXACT SCIENCES CORP+27,800$2.6M
Trimmed26 names
- PDDPINDUODUO INC−2,470,600$170.8M
- CRMSALESFORCE COM INC−658,700$139.2M
- DASHDOORDASH INC−1,783,937$136.3M
- ONCBEIGENE LTD−295,353$52.7M
- BABAALIBABA GROUP HLDG LTD−522,589$43.6M
- MDLZMONDELEZ INTL INC−546,976$39.9M
- H5919CON HLDG AG−1,174,780$38.8M
- PLTKPLAYTIKA HLDG CORP−3,019,200$35.0M
- VIPSVIPSHOP HOLDINGS LIMITED−2,106,197$34.8M
- LILI AUTO INC−860,268$30.2M
- BBIOBRIDGEBIO PHARMA INC−984,963$16.9M
- AMZNAMAZON COM INC−72,700$9.5M
- + 14 more…
Exited20 names
- FCXFREEPORT-MCMORAN INC−6,274,800$256.7M
- UBERUBER TECHNOLOGIES INC−1,314,000$41.7M
- ZMZOOM VIDEO COMMUNICATIONS IN−405,600$29.9M
- MLCOMELCO RESORTS AND ENTMNT LTD−1,698,877$21.6M
- TLTISHARES TR−195,100$20.8M
- CTLTEURCATALENT INC−187,000$12.3M
- SNYSANOFI−205,700$11.2M
- REGNREGENERON PHARMACEUTICALS−12,500$10.3M
- SNOWSNOWFLAKE INC−55,700$8.6M
- 81181CSEAGEN INC−38,350$7.8M
- 25459WDIREXION SHS ETF TR−793,050$7.0M
- DYNDYNE THERAPEUTICS INC−478,401$5.5M
- + 8 more…
Recent transactions
Last 20 moves
ADD
ALIBABA GROUP HLDG LTD
+2,140,680
~$146.58 · 2025Q4
2026-02-17
SOLD
BRIGHT SCHOLAR ED HLDGS LTD
−988,143
~$1.95 · 2025Q4
2026-02-17
SOLD
FULL TRUCK ALLIANCE CO LTD
−4,066,553
~$12.97 · 2025Q4
2026-02-17
NEW
ALPHABET INC
+7,300
~$313.00 · 2025Q4
2026-02-17
NEW
CENTRAIS ELETRICAS BRASILEIR
+96,600
~$9.16 · 2025Q4
2026-02-17
NEW
CENTRAIS ELET BRAS SA
+25,390
~$8.62 · 2025Q4
2026-02-17
NEW
ISHARES BITCOIN TR
+35,300
~$49.65 · 2025Q4
2026-02-17
NEW
TAIWAN SEMICONDUCTOR MFG LTD
+11,300
~$303.89 · 2025Q4
2026-02-17
NEW
VNET GROUP INC
+53,100
~$8.46 · 2025Q4
2026-02-17
ADD
ALIBABA GROUP HLDG LTD
+2,139,966
~$178.73 · 2025Q3
2025-11-14
