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 2024Q2 — net new, added, trimmed, exited.
New positions25 names
- TCOMTRIP COM GROUP LTD+1,384,642$65.1M
- G52694KINIKSA PHARMACEUTICALS INTL+3,144,556$58.7M
- FUTUFUTU HLDGS LTD+716,089$47.0M
- AZNASTRAZENECA PLC+271,749$21.2M
- GERNGERON CORP+2,990,500$12.7M
- CTNMCONTINEUM THERAPEUTICS INC+669,337$11.8M
- TMOTHERMO FISHER SCIENTIFIC INC+18,400$10.2M
- T9224WSTEVANATO GROUP S P A+550,000$10.1M
- RBLXROBLOX CORP+110,800$4.1M
- SSENTINELONE INC+170,507$3.6M
- ZKNZEEKR INTELLIGENT TECHNOLOGY+145,000$2.7M
- BCYCBICYCLE THERAPEUTICS PLC+125,283$2.5M
- + 13 more…
Added to17 names
- BABAALIBABA GROUP HLDG LTD+5,235,548$377.0M
- VIPSVIPSHOP HOLDINGS LIMITED+14,607,400$190.2M
- NTESNETEASE INC+1,236,114$118.1M
- LEGNLEGEND BIOTECH CORP+651,946$28.9M
- METAMETA PLATFORMS INC+38,476$19.4M
- AVBPARRIVENT BIOPHARMA INC+555,555$10.3M
- NVDANVIDIA CORPORATION+64,100$7.9M
- APPAPPLOVIN CORP+87,600$7.3M
- AAPLAPPLE INC+28,800$6.1M
- QCOMQUALCOMM INC+12,100$2.4M
- ANETEURARISTA NETWORKS INC+6,200$2.2M
- ASMLASML HOLDING N V+1,971$2.0M
- + 5 more…
Trimmed16 names
- PDDPINDUODUO INC−2,899,100$385.4M
- MSFTMICROSOFT CORP−671,263$300.0M
- AMZNAMAZON COM INC−781,200$151.0M
- CRMSALESFORCE COM INC−365,779$94.0M
- DHRDANAHER CORPORATION−362,400$90.5M
- BEKEKE HLDGS INC−6,009,538$85.0M
- MCOMOODYS CORP−151,816$63.9M
- DASHDOORDASH INC−335,551$36.5M
- CPNGCOUPANG INC−634,986$13.3M
- ZTOZTO EXPRESS CAYMAN INC−618,224$12.8M
- HTHTHUAZHU GROUP LTD−367,307$12.2M
- TSMTAIWAN SEMICONDUCTOR MFG LTD−31,300$5.4M
- + 4 more…
Exited10 names
- AMDADVANCED MICRO DEVICES INC−912,400$164.7M
- TTWOTAKE-TWO INTERACTIVE SOFTWAR−783,000$116.3M
- G5269CKINIKSA PHARMACEUTICALS LTD−3,135,735$61.9M
- BIDUBAIDU INC−150,600$15.9M
- MDLZMONDELEZ INTL INC−196,288$13.7M
- MRVLMARVELL TECHNOLOGY INC−59,500$4.2M
- VRTVERTIV HOLDINGS CO−38,200$3.1M
- ATATATOUR LIFESTYLE HLDGS LTD−50,000$897K
- YMMFULL TRUCK ALLIANCE CO LTD−13,519$98K
- CEGCONSTELLATION ENERGY CORP−300$55K
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
