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 2024Q1 — net new, added, trimmed, exited.
New positions23 names
- AMDADVANCED MICRO DEVICES INC+912,400$164.7M
- AVBPARRIVENT BIOPHARMA INC+3,929,117$70.2M
- G5269CKINIKSA PHARMACEUTICALS LTD+3,135,735$61.9M
- YSGYATSEN HLDG LTD+6,987,839$14.7M
- TSMTAIWAN SEMICONDUCTOR MFG LTD+98,100$13.3M
- NVDANVIDIA CORPORATION+13,600$12.3M
- APPAPPLOVIN CORP+130,800$9.1M
- GOOGALPHABET INC+58,900$9.0M
- MUMICRON TECHNOLOGY INC+72,100$8.5M
- MGXMETAGENOMI INC+777,768$8.2M
- MRVLMARVELL TECHNOLOGY INC+59,500$4.2M
- GEGENERAL ELECTRIC CO+18,800$3.3M
- + 11 more…
Trimmed17 names
- CRMSALESFORCE COM INC−285,400$86.0M
- BABAALIBABA GROUP HLDG LTD−1,076,718$77.9M
- DASHDOORDASH INC−449,300$61.9M
- BIDUBAIDU INC−384,800$40.5M
- JDJD.COM INC−1,389,900$38.1M
- CPNGCOUPANG INC−1,146,300$20.4M
- YMMFULL TRUCK ALLIANCE CO LTD−2,239,023$16.3M
- MSFTMICROSOFT CORP−37,300$15.7M
- MDLZMONDELEZ INTL INC−173,900$12.2M
- SGMTSAGIMET BIOSCIENCES INC−724,743$3.9M
- ZTOZTO EXPRESS CAYMAN INC−160,000$3.4M
- ATATATOUR LIFESTYLE HLDGS LTD−150,000$2.7M
- + 5 more…
Exited9 names
- 75525NRAYZEBIO INC−1,062,383$66.0M
- NMRANEUMORA THERAPEUTICS INC.−1,699,313$29.0M
- 985194YATSEN HLDG LTD−34,939,200$25.6M
- DDOGDATADOG INC−85,100$10.3M
- FUTUFUTU HLDGS LTD−80,000$4.4M
- IQIQIYI INC−142,500$695K
- PLTKPLAYTIKA HLDG CORP−72,800$635K
- 91818XUXIN LTD−191,563$134K
- G2124GCHINA JO-JO DRUGSTORES INC−403,334$87K
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
