2026 Q1 Portfolio Activity
In 2026 Q1, HHLR ADVISORS, LTD. maintained a portfolio of 42 distinct positions. The most significant new addition was MARVELL TECHNOLOGY INC, now representing 1.01% of the total fund value. They heavily accumulated shares in TAIWAN SEMICONDUCTOR MANUFAC, increasing the position by 37.3%. The fund also reduced its exposure to PDD HOLDINGS INC by 61.2%.
Position History
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Total Positions
42
Quarter
2026 Q1
Top Holding
PDD (25.4%)
Top 10 Concentration
94.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-42 of 42
HHLR ADVISORS, LTD. Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
PDD
PDD HOLDINGS IN...
|
Consumer Cyclical | 25.44% | 39.17% |
#1
Prev: #1
|
6.0 |
—
|
-6,556,371 | -61.2% |
P
S
|
4,165,029 | $425,582,663 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BABA
ALIBABA GROUP H...
|
Consumer Cyclical | 18.40% | 25.65% |
#2
Prev: #2
|
5.5 |
—
|
-2,976,689 | -54.8% |
P
S
|
2,453,657 | $307,835,807 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ONC
BEONE MEDICINES...
|
Healthcare | 18.36% | 10.12% |
#3
Prev: #3
|
6.0 |
—
|
no change | no change |
P
S
|
1,034,306 | $307,157,853 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FUTU
FUTU HLDGS LTD
|
Financial Services | 11.60% | 8.63% |
#4
Prev: #4
|
5.0 |
—
|
-210,766 | -12.9% |
P
S
|
1,419,483 | $194,128,495 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LEGN
LEGEND BIOTECH ...
|
Healthcare | 6.47% | 4.19% |
#5
Prev: #5
|
4.1 |
—
|
no change | no change |
P
S
|
5,984,550 | $108,260,510 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AVBP
ARRIVENT BIOPHA...
|
Healthcare | 5.42% | 2.55% |
#6
Prev: #6
|
3.2 |
—
|
no change | no change |
P
S
|
3,929,117 | $90,644,729 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BEKE
KE HLDGS INC
|
Real Estate | 3.79% | 2.15% |
#7
Prev: #7
|
2.5 |
—
|
no change | no change |
P
S
|
4,236,278 | $63,417,082 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CWAN
CLEARWATER ANAL...
|
Technology | 1.93% | 1.06% |
#8
2
Prev: #10
|
1.8 |
—
|
no change | no change |
P
S
|
1,365,971 | $32,305,214 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CTKB
CYTEK BIOSCIENC...
|
Healthcare | 1.74% | 1.08% |
#9
Prev: #9
|
1.7 |
—
|
no change | no change |
P
S
|
6,657,030 | $29,091,221 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MRVL
MARVELL TECHNOL...
|
Technology | 1.01% | — |
#10
Prev: #—
|
3.9 |
—
|
171,033 | — |
NEW
|
171,033 | $16,940,819 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
YSG
YATSEN HLDG LTD
|
Consumer Defensive | 0.90% | 0.61% |
#11
1
Prev: #12
|
1.4 |
—
|
no change | no change |
P
S
|
4,885,873 | $15,048,489 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IMAB
NOVABRIDGE BIOS...
|
Unknown | 0.88% | 0.77% |
#12
1
Prev: #11
|
1.4 |
—
|
no change | no change |
P
S
|
5,980,568 | $14,712,197 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MAZE
MAZE THERAPEUTI...
|
Healthcare | 0.65% | 0.61% |
#13
Prev: #13
|
0.3 |
—
|
-91,507 | -20.0% |
P
S
|
366,028 | $10,925,936 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CTNM
CONTINEUM THERA...
|
Healthcare | 0.52% | 0.25% |
#14
2
Prev: #16
|
1.2 |
—
|
no change | no change |
P
S
|
669,337 | $8,741,541 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
API
AGORA INC
|
Technology | 0.44% | 0.28% |
#15
Prev: #15
|
1.2 |
—
|
no change | no change |
P
S
|
2,098,553 | $7,428,878 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BULL
WEBULL CORP
|
Technology | 0.43% | 1.50% |
#16
8
Prev: #8
|
0.2 |
—
|
-4,474,604 | -74.9% |
P
S
|
1,500,000 | $7,200,000 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 0.31% | 0.11% |
#17
1
Prev: #18
|
2.6 |
—
|
4,220 | 37.3% |
P
S
|
15,520 | $5,244,984 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SGMT
SAGIMET BIOSCIE...
|
Healthcare | 0.23% | 0.14% |
#18
1
Prev: #17
|
1.1 |
—
|
no change | no change |
P
S
|
724,800 | $3,787,080 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TUYA
TUYA INC
|
Technology | 0.22% | 0.11% |
#19
Prev: #19
|
1.1 |
—
|
no change | no change |
P
S
|
1,564,400 | $3,613,764 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GE
GE AEROSPACE
|
Industrials | 0.17% | 0.10% |
#20
Prev: #20
|
1.1 |
—
|
no change | no change |
P
S
|
10,043 | $2,849,902 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VIPS
VIPSHOP HLDGS L...
|
Consumer Cyclical | 0.12% | — |
#21
Prev: #—
|
3.5 |
—
|
124,700 | — |
NEW
|
124,700 | $1,960,284 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MOGU
MOGU INC
|
Consumer Cyclical | 0.11% | 0.06% |
#22
Prev: #22
|
1.0 |
—
|
no change | no change |
P
S
|
847,510 | $1,889,947 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOSS
GOSSAMER BIO IN...
|
Healthcare | 0.10% | 0.50% |
#23
9
Prev: #14
|
1.0 |
—
|
no change | no change |
P
S
|
4,974,041 | $1,633,972 | 2019 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
INTC
INTEL CORP
|
Technology | 0.08% | — |
#24
Prev: #—
|
3.5 |
—
|
28,970 | — |
NEW
|
28,970 | $1,278,446 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PACB
PACIFIC BIOSCIE...
|
Healthcare | 0.07% | 0.06% |
#25
1
Prev: #24
|
1.0 |
—
|
no change | no change |
P
S
|
918,892 | $1,212,937 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EQX
EQUINOX GOLD CO...
|
Basic Materials | 0.07% | 0.04% |
#26
Prev: #26
|
1.0 |
—
|
no change | no change |
P
S
|
80,500 | $1,164,030 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 0.07% | — |
#27
Prev: #—
|
3.5 |
—
|
6,610 | — |
NEW
|
6,610 | $1,152,784 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LITE
LUMENTUM HLDGS ...
|
Technology | 0.06% | — |
#28
Prev: #—
|
3.5 |
—
|
1,500 | — |
NEW
|
1,500 | $1,054,140 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GLW
CORNING INC
|
Technology | 0.06% | — |
#29
Prev: #—
|
3.5 |
—
|
7,700 | — |
NEW
|
7,700 | $1,046,969 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
B
BARRICK MNG COR...
|
Basic Materials | 0.06% | 0.04% |
#30
3
Prev: #27
|
1.0 |
—
|
no change | no change |
P
S
|
25,400 | $1,036,066 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
COHR
COHERENT CORP
|
Technology | 0.06% | — |
#31
Prev: #—
|
3.5 |
—
|
4,275 | — |
NEW
|
4,275 | $1,018,348 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DDL
DINGDONG CAYMAN...
|
Consumer Defensive | 0.05% | — |
#32
Prev: #—
|
3.5 |
—
|
354,500 | — |
NEW
|
354,500 | $911,065 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EBR
CENTRAIS ELET B...
|
Unknown | 0.04% | 0.03% |
#33
5
Prev: #28
|
0.0 |
—
|
-33,500 | -34.7% |
P
S
|
63,100 | $711,768 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EWW
ISHARES INC
|
ETF | 0.04% | — |
#34
Prev: #—
|
3.5 |
—
|
8,800 | — |
NEW
|
8,800 | $662,024 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ALGS
ALIGOS THERAPEU...
|
Healthcare | 0.03% | 0.02% |
#35
6
Prev: #29
|
1.0 |
—
|
no change | no change |
P
S
|
76,247 | $566,515 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VNET
VNET GROUP INC
|
Technology | 0.03% | 0.01% |
#36
6
Prev: #30
|
2.5 |
—
|
12,000 | 22.6% |
P
S
|
65,100 | $546,189 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UXIN
UXIN LTD
|
Consumer Cyclical | 0.00% | 0.00% |
#37
5
Prev: #32
|
1.0 |
—
|
no change | no change |
P
S
|
19,156 | $58,809 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RDGT
RIDGETECH INC
|
Healthcare | 0.00% | 0.00% |
#38
5
Prev: #33
|
1.0 |
—
|
no change | no change |
P
S
|
20,167 | $657 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AXIA-PC
CENTRAIS ELET B...
|
Utilities | 0.00% | 0.01% |
Sold All 😨
(Was: #31) |
0.0 |
—
|
-25,390 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MCO
MOODYS CORP
|
Financial Services | 0.00% | 0.05% |
Sold All 😨
(Was: #25) |
0.0 |
—
|
-2,888 | -100.0% |
CLOSED
|
— | $— | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IBIT
ISHARES BITCOIN...
|
Bond/Debt | 0.00% | 0.06% |
Sold All 😨
(Was: #23) |
0.0 |
—
|
-35,300 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 0.00% | 0.07% |
Sold All 😨
(Was: #21) |
0.0 |
—
|
-7,300 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-42 of 42 holdings