HHLR ADVISORS, LTD.
CIK
1762304
Location
GRAND CAYMAN, E9
Portfolio Value
Mid
$1,672,162,516
Diversification
Moderately concentrated
Filing Date
Global Rank
#1,331
/ 8,605
▼ 403
· as of Mar 2026
Top Industry
Internet Retail
44.1%
3Y Alpha vs SPY
-16.5%
Period ended 3 months ago
Filed May 15, 2026 · 55d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+11.9%
SPY
+76.5%
Annualised alpha
-17.0%
Max drawdown
−36.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
37 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 positions ·
$1,672,162,516 total
· 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% |