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HHLR ADVISORS, LTD.

Q3 2025 · Filed 2025-11-14
Market Value
$3.6B
+39.3%
Holdings
34
-9
New Purchases
5
Added To
4
Closed
7
Reduced
3
Top 10 Concentration
95.4%
Turnover
35.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BABA 16.55% 5.12% +11.44% $588M
BIDU 6.09% 0.00% +6.09% $216M
PDD 31.98% 28.65% +3.33% $1.1B
YMM 1.49% 0.00% +1.49% $53M
SE 0.91% 0.00% +0.91% $32M
GOSS 0.37% 0.24% +0.13% $13M
CTNM 0.22% 0.10% +0.12% $8M
MAZE 0.33% 0.22% +0.11% $12M
ONC 9.92% 9.82% +0.10% $352M
IMAB 0.64% 0.57% +0.07% $23M
EQX 0.03% 0.00% +0.03% $903K
B 0.02% 0.00% +0.02% $832K
GE 0.09% 0.06% +0.02% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NTES 3.38% 8.78% -5.40% $120M
FUTU 15.86% 20.91% -5.05% $563M
BEKE 2.27% 5.20% -2.93% $80M
JD 0.00% 2.91% -2.91% $0
LEGN 5.49% 8.33% -2.84% $195M
AVBP 2.33% 3.83% -1.50% $83M
VIPS 0.00% 0.67% -0.67% $0
LI 0.00% 0.66% -0.66% $0
CWAN 0.69% 1.18% -0.48% $25M
ZTO 0.00% 0.47% -0.47% $0
BZ 0.00% 0.40% -0.40% $0
CTKB 0.65% 0.89% -0.24% $23M
API 0.23% 0.31% -0.09% $8M
SGMT 0.14% 0.22% -0.08% $5M
MSCI 0.00% 0.05% -0.05% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $591M 16.6%
Large Cap 13 $2.5B 70.5%
Mid Cap 6 $273M 7.7%
Small Cap 8 $161M 4.5%
Micro Cap 5 $23M 0.7%

Portfolio Analytics

Avg Market Cap
$38.4B
Median Market Cap
$8.0B
Avg P/E
26.3
Median P/E
15.7
Avg Dividend Yield
0.01%
Avg Beta
0.95
# Stocks
34
# ETFs / Funds
0

Top Holdings (34 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PDD 31.98% 8,592,600 $1.1B $132.17 $405M +1,615,796 +23.2%
2 BABA 16.55% 3,289,666 $588M $178.73 $458M +2,139,966 +186.1%
3 FUTU 15.86% 3,238,179 $563M $173.91 $30M -1,074,058 -24.9%
4 ONC 9.92% 1,034,306 $352M $340.70 $102M
5 BIDU 6.09% 1,641,000 $216M $131.77 +1,641,000 NEW
6 LEGN 5.49% 5,984,550 $195M $32.61 -$17M
7 NTES 3.38% 790,807 $120M $151.99 -$104M -872,861 -52.5%
8 AVBP 2.33% 4,484,672 $83M $18.45 -$15M
9 BEKE 2.27% 4,236,278 $80M $19.00 -$52M -3,229,187 -43.3%
10 YMM 1.49% 4,066,553 $53M $12.97 +4,066,553 NEW
11 SE 0.91% 180,050 $32M $178.73 +180,050 NEW
12 CWAN 0.69% 1,365,971 $25M $18.02 -$5M
13 CTKB 0.65% 6,657,030 $23M $3.47 $466K
14 IMAB 0.64% 5,980,568 $23M $3.78 $8M
15 GOSS 0.37% 4,974,041 $13M $2.63 $7M
16 MAZE 0.33% 457,535 $12M $25.93 $6M
17 API 0.23% 2,098,553 $8M $3.82 $21K
18 CTNM 0.22% 669,337 $8M $11.75 $5M
19 EM 0.15% 3,949,700 $5M $1.35 $829K
20 SGMT 0.14% 724,800 $5M $6.86 -$551K
21 TUYA 0.11% 1,564,400 $4M $2.47 $250K
22 GE 0.09% 10,043 $3M $300.82 $1M +3,738 +59.3%
23 MCO 0.04% 2,888 $1M $476.48 $134K +412 +16.6%
24 PACB 0.03% 918,892 $1M $1.28 $37K
25 EQX 0.03% 80,500 $903K $11.22 +80,500 NEW
26 B 0.02% 25,400 $832K $32.77 +25,400 NEW
27 CJJD —% 20,167 $25K $1.22 $2K
28 LI —% -$17M -620,000 -100.0% SOLD
29 VIPS —% -$17M -1,131,788 -100.0% SOLD
30 BZ —% -$10M -576,339 -100.0% SOLD
31 LSBCF —% -$77K -75,179 -100.0% SOLD
32 MSCI —% -$1M -2,008 -100.0% SOLD
33 ZTO —% -$12M -671,387 -100.0% SOLD
34 JD —% -$74M -2,275,500 -100.0% SOLD

New Positions

SymbolValue% Port
BIDU $216M 6.09%
YMM $53M 1.49%
SE $32M 0.91%
EQX $903K 0.03%
B $832K 0.02%

Sold Out Positions

SymbolValue% Port
VIPS —%
MSCI —%
ZTO —%
JD —%
LI —%
BZ —%
LSBCF —%
View SEC EDGAR Filings for HHLR ADVISORS, LTD. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms