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HHLR Advisors, LTD.

CIK:0001762304
Hedge Fund
$66B AUM
36 holdings
Singapore, Singapore
Founded:2012
203 employees
Latest filing:Jun 30, 2025

HHLR Advisors, Ltd. is a global hedge fund and investment adviser headquartered in Singapore, functioning as part of Hillhouse Capital. Founded in 2012, the firm is known for its expertise in Asian equity markets and is a subsidiary of Hillhouse Group Holdings. HHLR Advisors manages portfolios primarily for institutional clients and high-net-worth individuals, with a staff of over 200 employees, including investment professionals and operations experts.

Investment Strategy

HHLR Advisors, Ltd., as part of Hillhouse Capital, pursues a fundamental, research-driven investment approach with a strong focus on long-term value creation in public and private equities, particularly in Asia. The firm blends bottom-up company analysis with active portfolio management, seeking out companies with sustainable growth prospects, durable competitive advantages, and robust management teams. Their portfolio is concentrated among high-conviction ideas, with significant investments in Chinese and Asia-Pacific equities, reflecting deep domain expertise in the region’s consumer, technology, and healthcare sectors.

Latest 13F Filing Activity

HHLR Advisors, LTD. filed their most recent 13F report on Jun 30, 2025 disclosing 30 equity positions with a total 13F market value of $3B. The fund increased holdings in Webull Corp., Futu HLDGS LTD, Clearwater Analytics HLDGS I among other positions. HHLR Advisors, LTD. reduced exposure to Alibaba Group HLDG LTD, Jd.com Inc., Ke HLDGS Inc. among others.

Top Buys
B
BULLWEBULL CORP
+$395.6M
F
FUTUFUTU HLDGS LTD
+$92.1M
C
CWANCLEARWATER ANALYTICS HLDGS I
+$30.0M
Y
YSGYATSEN HLDG LTD
+$25.8M
A
AVBPARRIVENT BIOPHARMA INC
+$14.7M
Top Sells
B
BABAALIBABA GROUP HLDG LTD
-$386.3M
J
JDJD.COM INC
-$123.6M
B
BEKEKE HLDGS INC
-$108.1M
V
VIPSVIPSHOP HLDGS LTD
-$87.8M
T
TCOMTRIP COM GROUP LTD
-$59.7M

Top Holdings

P
PDDPDD HOLDINGS INC
+23.5%$730.2M
F
FUTUFUTU HLDGS LTD
+17.2%$532.9M
B
BULLWEBULL CORP
+12.7%$395.6M
N
NTESNETEASE INC
+7.2%$223.9M
L
LEGNLEGEND BIOTECH CORP
+6.8%$212.4M

Equity Positions (30)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
PDD HOLDINGS INC23.52%$730.2M6,976,804$109.26$104.66-$46.5M
FUTU HLDGS LTD17.17%$532.9M4,312,237$95.16$123.59+$92.1M
WEBULL CORP12.74%$395.6M33,080,846$11.96$11.96+$395.6M
NETEASE INC7.21%$223.9M1,663,668$93.99$134.58-$50.8M
LEGEND BIOTECH CORP6.84%$212.4M5,984,550$52.11$35.49+$9.3M

Industry Allocation

SERVICES-BUSINESS SERVICES, NEC
+42.1%
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
+25.7%
FINANCE SERVICES
+12.0%
PHARMACEUTICAL PREPARATIONS
+8.0%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+5.3%

Investment Team (2)

NameRoleLocationLinkedIn
Rida Deng
Rida Deng
AnalystBerkeley, CA , United States
Yiliu Wang
Yiliu Wang
AssociateUnited States