HHLR ADVISORS, LTD.

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
39
Quarter
2025 Q4
Top Holding
PDD (39.2%)
Top 10 Concentration
96.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 39
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 39.17% 27.76% #1
Prev: #1
10.0 2,128,800 24.8%
P
S
10,721,400 $1,215,699,546 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 25.65% 14.37% #2
Prev: #2
10.0 2,140,680 65.1%
P
S
5,430,346 $795,980,117 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ONC
BEONE MEDICINES...
Healthcare 10.12% 8.61% #3 2
Prev: #5
4.0 no change no change
P
S
1,034,306 $314,232,506 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FUTU
FUTU HLDGS LTD
Financial Services 8.63% 13.77% #4 1
Prev: #3
3.6 -1,607,930 -49.7%
P
S
1,630,249 $267,703,188 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LEGN
LEGEND BIOTECH ...
Healthcare 4.19% 4.77% #5 2
Prev: #7
1.7 no change no change
P
S
5,984,550 $130,104,117 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AVBP
ARRIVENT BIOPHA...
Healthcare 2.55% 2.02% #6 3
Prev: #9
1.1 -555,555 -12.4%
P
S
3,929,117 $79,053,834 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BEKE
KE HLDGS INC
Real Estate 2.15% 1.97% #7 3
Prev: #10
0.9 no change no change
P
S
4,236,278 $66,763,741 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BULL
WEBULL CORP
Technology 1.50% 11.96% #8 4
Prev: #4
0.8 -27,106,242 -81.9%
P
S
5,974,604 $46,422,673 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CTKB
CYTEK BIOSCIENC...
Healthcare 1.08% 0.56% #9 6
Prev: #15
0.4 no change no change
P
S
6,657,030 $33,618,002 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CWAN
CLEARWATER ANAL...
Technology 1.06% 0.60% #10 4
Prev: #14
0.4 no change no change
P
S
1,365,971 $32,947,221 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IMAB
NOVABRIDGE BIOS...
Unknown 0.77% 0.55% #11 5
Prev: #16
0.3 no change no change
P
S
5,980,568 $23,802,661 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
YSG
YATSEN HLDG LTD
Consumer Defensive 0.61% 1.08% #12
Prev: #12
0.2 no change no change
P
S
4,885,873 $19,006,046 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MAZE
MAZE THERAPEUTI...
Healthcare 0.61% 0.29% #13 5
Prev: #18
0.2 no change no change
P
S
457,535 $18,955,675 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOSS
GOSSAMER BIO IN...
Healthcare 0.50% 0.32% #14 3
Prev: #17
0.2 no change no change
P
S
4,974,041 $15,419,527 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
API
AGORA INC
Technology 0.28% 0.20% #15 4
Prev: #19
0.1 no change no change
P
S
2,098,553 $8,541,111 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CTNM
CONTINEUM THERA...
Healthcare 0.25% 0.19% #16 4
Prev: #20
0.1 no change no change
P
S
669,337 $7,650,522 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SGMT
SAGIMET BIOSCIE...
Healthcare 0.14% 0.12% #17 5
Prev: #22
0.1 no change no change
P
S
724,800 $4,290,816 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 0.11% #18
Prev: #—
2.0 11,300 no change
NEW
11,300 $3,433,957 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TUYA
TUYA INC
Technology 0.11% 0.09% #19 4
Prev: #23
0.0 no change no change
P
S
1,564,400 $3,300,884 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GE AEROSPACE
Industrials 0.10% 0.07% #20 4
Prev: #24
0.0 no change no change
P
S
10,043 $3,093,545 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 0.07% #21
Prev: #—
2.0 7,300 no change
NEW
7,300 $2,284,900 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MOGU
MOGU INC
Consumer Cyclical 0.06% 0.07% #22 3
Prev: #25
0.0 no change no change
P
S
847,510 $1,805,196 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
Bond/Debt 0.06% #23
Prev: #—
2.0 35,300 no change
NEW
35,300 $1,752,645 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PACB
PACIFIC BIOSCIE...
Healthcare 0.06% 0.03% #24 4
Prev: #28
0.0 no change no change
P
S
918,892 $1,718,328 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MCO
MOODYS CORP
Financial Services 0.05% 0.03% #25 2
Prev: #27
0.0 no change no change
P
S
2,888 $1,475,335 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BIDU
BAIDU INC
Communication Services 0.00% 5.29%
Sold All 😨
(Was: #6)
0.3 -1,641,000 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NTES
NETEASE INC
Communication Services 0.00% 2.94%
Sold All 😨
(Was: #8)
0.3 -790,807 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
YMM
FULL TRUCK ALLI...
Technology 0.00% 1.29%
Sold All 😨
(Was: #11)
0.3 -4,066,553 -100.0%
CLOSED
$— 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 0.00% 0.79%
Sold All 😨
(Was: #13)
0.3 -180,050 -100.0%
CLOSED
$— 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EM
SMART SH GLOBAL...
Consumer Cyclical 0.00% 0.13%
Sold All 😨
(Was: #21)
0.3 -3,949,700 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BEDU
BRIGHT SCHOLAR ...
Consumer Defensive 0.00% 0.05%
Sold All 😨
(Was: #26)
0.3 -988,143 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 39 holdings

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