HHLR ADVISORS, LTD. Diversified Active

Location: Grand Cayman, Cayman Islands

CIK: 0001762304 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $3.105B (100.0% shares, 0.0% debt)

Holdings (36)

PDD PDD HOLDINGS INC 23.5%

Value $730M Shares 6,976,804 Est. Cost $109.10 Unrealized —

FUTU FUTU HLDGS LTD 17.2%

Value $533M Shares 4,312,237 Est. Cost $95.37 Unrealized —

BULL WEBULL CORP 12.7%

Value $396M Shares 33,080,846 Est. Cost $14.98 Unrealized 0.0%

ONC BEONE MEDICINES LTD 8.1%

Value $250M Shares 1,034,306 Est. Cost $136.90 Unrealized —

NTES NETEASE INC 7.2%

Value $224M Shares 1,663,668 Est. Cost $93.58 Unrealized —

LEGN LEGEND BIOTECH CORP 6.8%

Value $212M Shares 5,984,550 Est. Cost $51.94 Unrealized —

BEKE KE HLDGS INC 4.3%

Value $132M Shares 7,465,465 Est. Cost $22.42 Unrealized —

BABA ALIBABA GROUP HLDG LTD 4.2%

Value $130M Shares 1,149,700 Est. Cost $85.83 Unrealized —

AVBP ARRIVENT BIOPHARMA INC 3.1%

Value $97.63M Shares 4,484,672 Est. Cost $19.88 Unrealized +4.4%

— WNS HLDGS LTD 3.1%

Value $96.85M Shares 1,531,466 Est. Cost $47.39 Unrealized —

JD JD.COM INC 2.4%

Value $74.27M Shares 2,275,500 Est. Cost $40.60 Unrealized —

YSG YATSEN HLDG LTD 1.9%

Value $58.92M Shares 6,111,933 Est. Cost $2.11 Unrealized —

CWAN CLEARWATER ANALYTICS HLDGS I 1.0%

Value $29.96M Shares 1,365,971 Est. Cost $23.01 Unrealized 0.0%

CTKB CYTEK BIOSCIENCES INC 0.7%

Value $22.63M Shares 6,657,030 Est. Cost $23.52 Unrealized -85.8%

VIPS VIPSHOP HLDGS LTD 0.5%

Value $17.03M Shares 1,131,788 Est. Cost $13.18 Unrealized —

LI LI AUTO INC 0.5%

Value $16.81M Shares 620,000 Est. Cost $25.20 Unrealized —

Value $14.47M Shares 5,980,568 Est. Cost $50.06 Unrealized —

ZTO ZTO EXPRESS CAYMAN INC 0.4%

Value $11.92M Shares 671,387 Est. Cost $23.05 Unrealized —

BZ KANZHUN LIMITED 0.3%

Value $10.28M Shares 576,339 Est. Cost $19.17 Unrealized —

API AGORA INC 0.3%

Value $7.995M Shares 2,098,553 Est. Cost $4.16 Unrealized —

GOSS GOSSAMER BIO INC 0.2%

Value $6.118M Shares 4,974,041 Est. Cost $18.52 Unrealized -94.1%

MAZE MAZE THERAPEUTICS INC 0.2%

Value $5.614M Shares 457,535 Est. Cost $12.04 Unrealized -13.6%

SGMT SAGIMET BIOSCIENCES INC 0.2%

Value $5.523M Shares 724,800 Est. Cost $13.31 Unrealized -68.3%

EM SMART SH GLOBAL LTD 0.1%

Value $4.503M Shares 3,949,700 Est. Cost $6.07 Unrealized —

TUYA TUYA INC 0.1%

Value $3.614M Shares 1,564,400 Est. Cost $21.14 Unrealized —

CTNM CONTINEUM THERAPEUTICS INC 0.1%

Value $2.657M Shares 669,337 Est. Cost $16.10 Unrealized -73.0%

MOGU MOGU INC 0.1%

Value $1.803M Shares 847,510 Est. Cost $3.52 Unrealized —

— BRIGHT SCHOLAR ED HLDGS LTD 0.1%

Value $1.749M Shares 988,143 Est. Cost $2.95 Unrealized —

GE GE AEROSPACE 0.1%

Value $1.623M Shares 6,305 Est. Cost $143.55 Unrealized +52.3%

MCO MOODYS CORP 0.0%

Value $1.242M Shares 2,476 Est. Cost $429.08 Unrealized +7.4%

MSCI MSCI INC 0.0%

Value $1.158M Shares 2,008 Est. Cost $591.72 Unrealized -7.2%

PACB PACIFIC BIOSCIENCES CALIF IN 0.0%

Value $1.139M Shares 918,892 Est. Cost $11.43 Unrealized -89.9%

ALGS ALIGOS THERAPEUTICS INC 0.0%

Value $550K Shares 76,247 Est. Cost $12.44 Unrealized -51.9%

LSBCF LAKESHORE BIOPHARMA CO LTD 0.0%

Value $76,683 Shares 75,179 Est. Cost $3.11 Unrealized -59.7%

UXIN UXIN LTD 0.0%

Value $70,494 Shares 19,156 Est. Cost $2.12 Unrealized —

RDGT RIDGETECH INC 0.0%

Value $22,184 Shares 20,167 Est. Cost $3.61 Unrealized -71.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	6,976,804	$730M	23.5%	$109.10	—	SPONSORED ADS	722304102
FUTU	FUTU HLDGS LTD	4,312,237	$533M	17.2%	$95.37	—	SPON ADS CL A	36118L106
BULL	WEBULL CORP	33,080,846	$396M	12.7%	$14.98	0.0%	ORD SHS	G9572D103
ONC	BEONE MEDICINES LTD	1,034,306	$250M	8.1%	$136.90	—	SPONSORED ADS	07725L102
NTES	NETEASE INC	1,663,668	$224M	7.2%	$93.58	—	SPONSORED ADS	64110W102
LEGN	LEGEND BIOTECH CORP	5,984,550	$212M	6.8%	$51.94	—	SPONSORED ADS	52490G102
BEKE	KE HLDGS INC	7,465,465	$132M	4.3%	$22.42	—	SPONSORED ADS	482497104
BABA	ALIBABA GROUP HLDG LTD	1,149,700	$130M	4.2%	$85.83	—	SPONSORED ADS	01609W102
AVBP	ARRIVENT BIOPHARMA INC	4,484,672	$97.63M	3.1%	$19.88	+4.4%	COM	04272N102
—	WNS HLDGS LTD	1,531,466	$96.85M	3.1%	$47.39	—	COM SHS	G98196101
JD	JD.COM INC	2,275,500	$74.27M	2.4%	$40.60	—	SPON ADS CL A	47215P106
YSG	YATSEN HLDG LTD	6,111,933	$58.92M	1.9%	$2.11	—	SPONSORED ADS	985194208
CWAN	CLEARWATER ANALYTICS HLDGS I	1,365,971	$29.96M	1.0%	$23.01	0.0%	CL A	185123106
CTKB	CYTEK BIOSCIENCES INC	6,657,030	$22.63M	0.7%	$23.52	-85.8%	COM	23285D109
VIPS	VIPSHOP HLDGS LTD	1,131,788	$17.03M	0.5%	$13.18	—	SPONSORED ADS A	92763W103
LI	LI AUTO INC	620,000	$16.81M	0.5%	$25.20	—	SPONSORED ADS	50202M102
NBP	I MAB	5,980,568	$14.47M	0.5%	$50.06	—	SPONSORED ADS	44975P103
ZTO	ZTO EXPRESS CAYMAN INC	671,387	$11.92M	0.4%	$23.05	—	SPONSORED ADS A	98980A105
BZ	KANZHUN LIMITED	576,339	$10.28M	0.3%	$19.17	—	SPONSORED ADS	48553T106
API	AGORA INC	2,098,553	$7.995M	0.3%	$4.16	—	ADS	00851L103
GOSS	GOSSAMER BIO INC	4,974,041	$6.118M	0.2%	$18.52	-94.1%	COM	38341P102
MAZE	MAZE THERAPEUTICS INC	457,535	$5.614M	0.2%	$12.04	-13.6%	COM	578784100
SGMT	SAGIMET BIOSCIENCES INC	724,800	$5.523M	0.2%	$13.31	-68.3%	COM SER A	786700104
EM	SMART SH GLOBAL LTD	3,949,700	$4.503M	0.1%	$6.07	—	ADS	83193E102
TUYA	TUYA INC	1,564,400	$3.614M	0.1%	$21.14	—	SPONSERED ADS	90114C107
CTNM	CONTINEUM THERAPEUTICS INC	669,337	$2.657M	0.1%	$16.10	-73.0%	CL A	21217B100
MOGU	MOGU INC	847,510	$1.803M	0.1%	$3.52	—	SPON ADS	608012308
—	BRIGHT SCHOLAR ED HLDGS LTD	988,143	$1.749M	0.1%	$2.95	—	SPON ADS NEW	109199208
GE	GE AEROSPACE	6,305	$1.623M	0.1%	$143.55	+52.3%	COM NEW	369604301
MCO	MOODYS CORP	2,476	$1.242M	0.0%	$429.08	+7.4%	COM	615369105
MSCI	MSCI INC	2,008	$1.158M	0.0%	$591.72	-7.2%	COM	55354G100
PACB	PACIFIC BIOSCIENCES CALIF IN	918,892	$1.139M	0.0%	$11.43	-89.9%	COM	69404D108
ALGS	ALIGOS THERAPEUTICS INC	76,247	$550K	0.0%	$12.44	-51.9%	COM NEW	01626L204
LSBCF	LAKESHORE BIOPHARMA CO LTD	75,179	$76,683	0.0%	$3.11	-59.7%	ORD SHS NEW	G9845F208
UXIN	UXIN LTD	19,156	$70,494	0.0%	$2.12	—	SPONSORED ADS	91818X306
RDGT	RIDGETECH INC	20,167	$22,184	0.0%	$3.61	-71.1%	SHS NEW	G2124G120