Hillhouse's holdings
Filed by HHLR Advisors (Hillhouse)
These are the US holdings an investment firm reports for the money it manages, not anyone's own.
−39.17%1-year return (simulated)
September 30, 2025 to November 4, 2026・Covers 85% of the holdings' value
How it is worked out
- From the quarter's end a year ago, each quarter's 13F is held, weighted by value, to the next quarter's end; the latest one to the latest close. The quarters compound.
- Long stocks and ETFs only: no options, bonds, cash, trades within a quarter or dividends; spin-offs are not adjusted for.
- Quarter-end prices come from the 13F filings themselves (value ÷ shares); what they cannot tell (a holding sold, a split, a big move) is checked against Tiingo's closes, and the latest prices are Finnhub's.
- Holdings with no price are left out and the rest re-weighted. Under 80% priced, or while holdings are still being checked, no figure is shown.
- A simulation from public filings, not the investor's actual performance.
Holdings at the end of June 30, 2026. 13F filings are due 45 days after a quarter ends, so they are one to four months old.
This quarter's biggest moves
- ONCSold out
- PDD−88.00%Cut
Quarter by quarter
| Period | Return | Covered |
|---|---|---|
| September 30, 2025 – December 31, 2025 | −16.49% | 97% |
| December 31, 2025 – March 31, 2026 | −10.46% | 97% |
| March 31, 2026 – June 30, 2026 | −6.07% | 99% |
| June 30, 2026 – November 4, 2026 | −13.38% | 85% |
Holdings
10 stocks worth US$832.1M, options excluded.
| Stock | This quarter | Shares | Value | Weight |
|---|---|---|---|---|
| LEGNLEGEND BIOTECH CORP | Unchanged | 5,984,550 | US$172.8M | 20.77% |
| FUTUFUTU HLDGS LTD | Added+24.57% | 1,768,283was 1,419,483 | US$165.8M | 19.92% |
| AVBPARRIVENT BIOPHARMA INC | Unchanged | 3,929,117 | US$136.5M | 16.40% |
| MRVLMARVELL TECHNOLOGY INC | Cut−4.74% | 162,933was 171,033 | US$48.5M | 5.83% |
| VIPSVIPSHOP HLDGS LTD | Added+2683.00% | 3,470,400was 124,700 | US$46M | 5.53% |
| PDDPDD HOLDINGS INC | Cut−88.00% | 500,000was 4,165,029 | US$38.1M | 4.58% |
| BEKEKE HLDGS INC | Cut−47.63% | 2,218,377was 4,236,278 | US$32.2M | 3.87% |
| CTKBCYTEK BIOSCIENCES INC | Unchanged | 6,657,030 | US$29.5M | 3.54% |
| ALMRALAMAR BIOSCIENCES INC | New | 956,462 | US$25.9M | 3.11% |
| BABAALIBABA GROUP HLDG LTD | Cut−92.50% | 183,934was 2,453,657 | US$17.7M | 2.12% |
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Filings
Each quarter's original 13F filing (SEC).