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 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.

Track Hillhouse's filingsView holdings
Portfolio
$3.10B
Positions
33
Quarter
2025Q4
Filings tracked
29
1Y+48.9%3Y+120.7%5Y+66.0%Full performance →
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
$10.99B
Lifetime sells
$13.47B

Quarter activity

What changed in 2024Q3 — net new, added, trimmed, exited.
New positions5 names
  • BIDUBAIDU INC
    +300,000
    $31.6M
  • YUMCYUM CHINA HLDGS INC
    +665,863
    $30.0M
  • KWEBKRANESHARES TR
    +79,500
    $2.7M
  • JOYYJOYY INC
    +30,000
    $1.1M
  • ALGSALIGOS THERAPEUTICS INC
    +76,247
    $660K
Added to7 names
  • BABAALIBABA GROUP HLDG LTD
    +3,448,152
    $365.9M
  • NTESNETEASE INC
    +1,203,129
    $112.5M
  • ZTOZTO EXPRESS CAYMAN INC
    +2,966,708
    $73.5M
  • JDJD.COM INC
    +1,539,000
    $61.6M
  • FUTUFUTU HLDGS LTD
    +335,000
    $32.0M
  • TCOMTRIP COM GROUP LTD
    +389,790
    $23.2M
  • VIPSVIPSHOP HOLDINGS LIMITED
    +914,322
    $14.4M
Trimmed12 names
  • PDDPINDUODUO INC
    −4,125,667
    $556.2M
  • BEKEKE HLDGS INC
    −12,303,642
    $245.0M
  • G52694KINIKSA PHARMACEUTICALS INTL
    −1,561,921
    $39.0M
  • DHRDANAHER CORPORATION
    −99,596
    $27.7M
  • METAMETA PLATFORMS INC
    −40,476
    $23.2M
  • BBIOBRIDGEBIO PHARMA INC
    −366,703
    $9.3M
  • TSMTAIWAN SEMICONDUCTOR MFG LTD
    −47,405
    $8.2M
  • G8994ETRANE TECHNOLOGIES PLC
    −4,206
    $1.6M
  • MCOMOODYS CORP
    −2,528
    $1.2M
  • GEGENERAL ELECTRIC CO
    −3,485
    $657K
  • URAGLOBAL X FDS
    −20,000
    $572K
  • GEVGE VERNOVA LLC
    −1,860
    $474K
Exited35 names
  • DASHDOORDASH INC
    −247,912
    $27.0M
  • CRMSALESFORCE COM INC
    −96,358
    $24.8M
  • AZNASTRAZENECA PLC
    −271,749
    $21.2M
  • APPAPPLOVIN CORP
    −218,400
    $18.2M
  • H5919CON HLDG AG
    −411,400
    $16.0M
  • GOOGALPHABET INC
    −69,724
    $12.8M
  • GERNGERON CORP
    −2,990,500
    $12.7M
  • SESEA LTD
    −174,800
    $12.5M
  • TMOTHERMO FISHER SCIENTIFIC INC
    −18,400
    $10.2M
  • T9224WSTEVANATO GROUP S P A
    −550,000
    $10.1M
  • NVDANVIDIA CORPORATION
    −77,700
    $9.6M
  • MUMICRON TECHNOLOGY INC
    −72,404
    $9.5M
  • + 23 more…

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