HHLR ADVISORS, LTD.
CIK
1762304
Location
GRAND CAYMAN, E9
Portfolio Value
Mid
$1,672,162,516
Diversification
Moderately concentrated
Filing Date
Global Rank
#1,329
/ 8,623
▼ 401
· as of Mar 2026
Top Industry
Internet Retail
44.1%
3Y Alpha vs SPY
-17.0%
Period ended 4 months ago
Filed May 15, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
-2.6%
SPY
+65.3%
Annualised alpha
-19.1%
Max drawdown
−36.1%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
37 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
25.5%
−13.7 pts
Top 5
80.3%
−7.5 pts
Top 10
94.2%
−1.9 pts
HHI
1,555
Moderately concentrated−849
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 44.1% | $737,327,509 |
| Healthcare | 34.5% | $576,737,580 |
| Financial Services | 11.6% | $194,128,495 |
| Technology | 4.7% | $78,830,532 |
| Real Estate | 3.8% | $63,417,081 |
| Consumer Defensive | 1.0% | $15,959,553 |
| Industrials | 0.2% | $2,849,902 |
| Basic Materials | 0.1% | $2,200,096 |
| Utilities | 0.0% | $711,768 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PDD | PDD Holdings Inc. | −6,556,371 | 4,165,029 | $425,582,663 | |
| BULL | Webull Corp | −4,474,604 | 1,500,000 | $7,200,000 | |
| BABA | Alibaba Group Holding Ltd | −2,976,689 | 2,453,657 | $307,835,807 | |
| FUTU | Futu Holdings Ltd | −210,766 | 1,419,483 | $194,128,495 | |
| MAZE | Maze Therapeutics, Inc. | −91,507 | 366,028 | $10,925,935 | |
| AXIA | AXIA Energia S.A. | −33,500 | 63,100 | $711,768 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MRVL | Marvell Technology, Inc. | 171,033 | $16,940,818 | |
| VIPS | Vipshop Holdings Ltd | 124,700 | $1,960,284 | |
| INTC | Intel Corp | 28,970 | $1,278,446 | |
| NVDA | Nvidia Corp | 6,610 | $1,152,784 | |
| LITE | Lumentum Holdings Inc. | 1,500 | $1,054,140 | |
| GLW | Corning Inc /Ny | 7,700 | $1,046,969 | |
| COHR | Coherent Corp. | 4,275 | $1,018,347 | |
| DDL | Dingdong (Cayman) Ltd | 354,500 | $911,065 | |
| No positions match the current search. | ||||
37 tracked positions ·
$1,672,162,516 total
· filing declares
38 positions · $1,672,822,115
· as of Mar 31, 2026
All sectors
Basic Materials
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PDD |
PDD Holdings Inc.
Consumer Cyclical
|
Reduced | 4,165,029 | $425,582,663 | 25.45% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Reduced | 2,453,657 | $307,835,807 | 18.41% | |
| ONC |
BeOne Medicines Ltd.
Healthcare
|
Held | 1,034,306 | $307,157,852 | 18.37% | |
| FUTU |
Futu Holdings Ltd
Financial Services
|
Reduced | 1,419,483 | $194,128,495 | 11.61% | |
| LEGN |
Legend Biotech Corp
Healthcare
|
Held | 5,984,550 | $108,260,509 | 6.47% | |
| AVBP |
ArriVent BioPharma, Inc.
Healthcare
|
Held | 3,929,117 | $90,644,729 | 5.42% | |
| BEKE |
KE Holdings Inc.
Real Estate
|
Held | 4,236,278 | $63,417,081 | 3.79% | |
| CWAN |
Clearwater Analytics Holdings, Inc.
Technology
|
Held | 1,365,971 | $32,305,214 | 1.93% | |
| CTKB |
Cytek Biosciences, Inc.
Healthcare
|
Held | 6,657,030 | $29,091,221 | 1.74% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
NEW | 171,033 | $16,940,818 | 1.01% | |
| YSG |
Yatsen Holding Ltd
Consumer Defensive
|
Held | 4,885,873 | $15,048,488 | 0.90% | |
| NBP |
NovaBridge Biosciences
Healthcare
|
Held | 5,980,568 | $14,712,197 | 0.88% | |
| MAZE |
Maze Therapeutics, Inc.
Healthcare
|
Reduced | 366,028 | $10,925,935 | 0.65% | |
| CTNM |
Contineum Therapeutics, Inc.
Healthcare
|
Held | 669,337 | $8,741,541 | 0.52% | |
| API |
Agora, Inc.
Technology
|
Held | 2,098,553 | $7,428,877 | 0.44% | |
| BULL |
Webull Corp
Technology
|
Reduced | 1,500,000 | $7,200,000 | 0.43% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 15,520 | $5,244,984 | 0.31% | |
| SGMT |
Sagimet Biosciences Inc.
Healthcare
|
Held | 724,800 | $3,787,080 | 0.23% | |
| TUYA |
Tuya Inc.
Technology
|
Held | 1,564,400 | $3,613,764 | 0.22% | |
| GE |
General Electric Co
Industrials
|
Held | 10,043 | $2,849,902 | 0.17% | |
| VIPS |
Vipshop Holdings Ltd
Consumer Cyclical
|
NEW | 124,700 | $1,960,284 | 0.12% | |
| MOGU |
MOGU Inc.
Consumer Cyclical
|
Held | 847,510 | $1,889,947 | 0.11% | |
| GOSS |
Gossamer Bio, Inc.
Healthcare
|
Held | 4,974,041 | $1,636,459 | 0.10% | |
| INTC |
Intel Corp
Technology
|
NEW | 28,970 | $1,278,446 | 0.08% | |
| PACB |
Pacific Biosciences Of California, Inc.
Healthcare
|
Held | 918,892 | $1,212,937 | 0.07% | |
| EQX |
Equinox Gold Corp.
Basic Materials
|
Held | 80,500 | $1,164,030 | 0.07% | |
| NVDA |
Nvidia Corp
Technology
|
NEW | 6,610 | $1,152,784 | 0.07% | |
| LITE |
Lumentum Holdings Inc.
Technology
|
NEW | 1,500 | $1,054,140 | 0.06% | |
| GLW |
Corning Inc /Ny
Technology
|
NEW | 7,700 | $1,046,969 | 0.06% | |
| B |
Barrick Mining Corp
Basic Materials
|
Held | 25,400 | $1,036,066 | 0.06% | |
| COHR |
Coherent Corp.
Technology
|
NEW | 4,275 | $1,018,347 | 0.06% | |
| DDL |
Dingdong (Cayman) Ltd
Consumer Defensive
|
NEW | 354,500 | $911,065 | 0.05% | |
| AXIA |
AXIA Energia S.A.
Utilities
|
Reduced | 63,100 | $711,768 | 0.04% | |
| ALGS |
Aligos Therapeutics, Inc.
Healthcare
|
Held | 76,247 | $566,515 | 0.03% | |
| VNET |
VNET Group, Inc.
Technology
|
Added | 65,100 | $546,189 | 0.03% | |
| UXIN |
Uxin Ltd
Consumer Cyclical
|
Held | 19,156 | $58,808 | 0.00% | |
| RDGT |
Ridgetech Inc.
Healthcare
|
Held | 20,167 | $605 | 0.00% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.