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 2025Q2 — net new, added, trimmed, exited.
New positions2 names
- G9572DWEBULL CORP+33,080,846$395.6M
- CWANCLEARWATER ANALYTICS HLDGS I+1,365,971$30.0M
Trimmed9 names
Exited15 names
- TCOMTRIP COM GROUP LTD−938,842$59.7M
- 292812ENFUSION INC−4,975,183$55.5M
- BIDUBAIDU INC−170,000$15.6M
- YUMCYUM CHINA HLDGS INC−292,122$15.2M
- HTHTHUAZHU GROUP LTD−237,332$8.8M
- ATATATOUR LIFESTYLE HLDGS LTD−242,342$6.9M
- TSMTAIWAN SEMICONDUCTOR MFG LTD−33,000$5.5M
- SOHUSOHU COM LTD−201,432$2.7M
- DHRDANAHER CORPORATION−8,026$1.6M
- JOYYJOYY INC−34,000$1.4M
- G21082CHINA YUCHAI INTL LTD−70,000$1.2M
- WBWEIBO CORP−100,000$947K
- + 3 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
