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Built from publicly disclosed institutional and insider activity. Informational purposes only - not investment advice.OpenStocks · v0.1
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  3. Hillhouse (HHLR Advisors)
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Hillhouse

HHLR Advisors
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  • Hedge Fund · CIK 0001762304
  • Consumer-Focused
  • Highly Concentrated
  • Mid-Size Fund

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 58.1% since 2018Q4. 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
Since filing+58.1%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1

Not enough filing history to compute mark-to-market returns for Hillhouse.

We need at least one year of portfolio coverage with priceable positions.

Performance overview

We mark Hillhouse (HHLR Advisors)'s disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Hillhouse’s portfolio is 58.1% since 2018Q4.

Portfolio growth vs SPY
Rebased to 100 at 2021Q2 · through 2025Q4
Hillhouse
+53.4%
SPY
+69.5%
Alpha
-16.2pp
45811161521872021Q22023Q32025Q4
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
Capital flow per quarter
BuysSellsNet
+$1.63B+$817M$0-$817M-$1.63B'21Q4'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3
Latest · 2025Q3
+$280M
Lifetime buys
$11.26B
Lifetime sells
$13.21B
Portfolio over time
AUMPositions
$0$2.14B$4.27B$6.47B7833'21Q4'23Q3'25Q3
QoQ AUM
+31.8%
16Q lifetime AUM
-36.8%
QoQ positions
-3
16Q lifetime positions
-43
Position concentration
33 positions
Top 1
28%
of book
  • Top 128%$1.14BPDD
  • Top 2-549%$1.99BBABA, FUTU, WEBULL CORP
  • Top 6-1017%$694.8MBIDU, LEGN, NTES
  • Top 11-206%$240.3MYMM, YSG, SE
  • Rest1%$27.1MRest of port