Q4 2025 · 13F-HR
HHLR ADVISORS, LTD.holdings as filed
Filed 2026-02-17 · accession 0000902664-26-001126
$3.10B
Reported value
33
Positions
2025-12-31
Period end
The Brief · HHLR ADVISORS, LTD. · Q4 2025
AI · grounded in 13F
HHLR ADVISORS, LTD. exited its position in BIDU, reducing its exposure by $216.2M. The fund also closed positions in NTES and YMM, while trimming its holdings in BULL by 81.9% and FUTU by 49.7%. On the buy side, the fund increased its stake in BABA by 65.1% and established new positions in TSM and GOOGL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 722304102 | PDD | PDD HOLDINGS INC | $1.22B | 39.2% | 10,721,400 | Common | SHARED |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $796.0M | 25.6% | 5,430,346 | Common | SHARED |
| 07725L102 | ONC | BEONE MEDICINES LTD | $314.2M | 10.1% | 1,034,306 | Common | SHARED |
| 36118L106 | FUTU | FUTU HLDGS LTD | $267.7M | 8.63% | 1,630,249 | Common | SHARED |
| 52490G102 | LEGN | LEGEND BIOTECH CORP | $130.1M | 4.19% | 5,984,550 | Common | SHARED |
| 04272N102 | AVBP | ARRIVENT BIOPHARMA INC | $79.1M | 2.55% | 3,929,117 | Common | SHARED |
| 482497104 | BEKE | KE HLDGS INC | $66.8M | 2.15% | 4,236,278 | Common | SHARED |
| G9572D103 | BULL | WEBULL CORP | $46.4M | 1.50% | 5,974,604 | Common | SHARED |
| 23285D109 | CTKB | CYTEK BIOSCIENCES INC | $33.6M | 1.08% | 6,657,030 | Common | SHARED |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $32.9M | 1.06% | 1,365,971 | Common | SHARED |
| 44975P103 | NBP | NOVABRIDGE BIOSCIENCES | $23.8M | 0.77% | 5,980,568 | Common | SHARED |
| 985194208 | YSG | YATSEN HLDG LTD | $19.0M | 0.61% | 4,885,873 | Common | SHARED |
| 578784100 | MAZE | MAZE THERAPEUTICS INC | $19.0M | 0.61% | 457,535 | Common | SHARED |
| 38341P102 | GOSS | GOSSAMER BIO INC | $15.4M | 0.50% | 4,974,041 | Common | SHARED |
| 00851L103 | API | AGORA INC | $8.5M | 0.28% | 2,098,553 | Common | SHARED |
| 21217B100 | CTNM | CONTINEUM THERAPEUTICS INC | $7.7M | 0.25% | 669,337 | Common | SHARED |
| 786700104 | SGMT | SAGIMET BIOSCIENCES INC | $4.3M | 0.14% | 724,800 | Common | SHARED |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $3.4M | 0.11% | 11,300 | Common | SHARED |
| 90114C107 | TUYA | TUYA INC | $3.3M | 0.11% | 1,564,400 | Common | SHARED |
| 369604301 | GE | GE AEROSPACE | $3.1M | 0.10% | 10,043 | Common | SHARED |
| 02079K305 | GOOGL | ALPHABET INC | $2.3M | 0.07% | 7,300 | Common | SHARED |
| 608012308 | MOGU | MOGU INC | $1.8M | 0.06% | 847,510 | Common | SHARED |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $1.8M | 0.06% | 35,300 | Common | SHARED |
| 69404D108 | PACB | PACIFIC BIOSCIENCES CALIF IN | $1.7M | 0.06% | 918,892 | Common | SHARED |
| 615369105 | MCO | MOODYS CORP | $1.5M | 0.05% | 2,888 | Common | SHARED |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $1.1M | 0.04% | 80,500 | Common | SHARED |
| 06849F108 | B | BARRICK MNG CORP | $1.1M | 0.04% | 25,400 | Common | SHARED |
| 15234Q207 | AXIA | CENTRAIS ELET BRAS SA | $884,856 | 0.03% | 96,600 | Common | SHARED |
| 01626L204 | ALGS | ALIGOS THERAPEUTICS INC | $710,622 | 0.02% | 76,247 | Common | SHARED |
| 90138A103 | VNET | VNET GROUP INC | $449,226 | 0.01% | 53,100 | Common | SHARED |
| 15236F100 | AXIA/PC | CENTRAIS ELET BRAS SA | $218,862 | 0.01% | 25,390 | Common | SHARED |
| 91818X306 | UXIN | UXIN LTD | $64,556 | 0.00% | 19,156 | Common | SHARED |
| G2124G120 | RDGT | RIDGETECH INC | $57,476 | 0.00% | 20,167 | Common | SHARED |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.