HHLR Advisors, LTD.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), HHLR Advisors, LTD. reported 48 stock positions worth $4.6 billion. Its top holding was Beone Medicines Ltd.-ADR (ONC) at 25.5% of the portfolio, followed by Alibaba Group Holding-SP ADR (BABA, 20.6%) and PDD (PDD, 14.1%). Compared with Q2 2024, it opened 4 new positions, sold out of 33, added to 7 and reduced 13. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +64%) and the biggest sale PDD (PDD, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND CAYMAN, E9
- CIK
- 0001762304
- Portfolio Value
- $4.6B (Q3 2024)
- SEC Filing
- 0000902664-24-006604 ↗ filed Nov 14, 2024
Holdings Value
Holdings 48 stocks · $4.6B
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 25.52% | 5,176,906 | $1.2B | No change |
| BABA Alibaba Group Holding-SP ADR | 20.57% | 8,827,600 | $936.8M | Add +64.1% |
| PDD PDD Holdings Inc. | 14.11% | 4,766,780 | $642.6M | Reduce -46.4% |
| LEGN Legend Biotech Corp.-ADR | 7.10% | 6,636,496 | $323.4M | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 5.43% | 15,720,322 | $247.3M | Add +6.2% |
| NTES Netease Inc.-ADR | 5.31% | 2,588,943 | $242.1M | Add +86.8% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 4.75% | 10,868,688 | $216.4M | Reduce -53.1% |
| TCOM Trip.com Group Ltd.-ADR | 2.31% | 1,774,432 | $105.5M | Add +28.1% |
| AVBP Arrivent Biopharma Inc. | 2.31% | 4,484,672 | $105.4M | No change |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 2.21% | 1,051,089 | $100.5M | Add +46.8% |
| ZTO Zto Express Cayman Inc.-ADR | 1.63% | 3,003,008 | $74.4M | Add +8172.8% |
| JD Jd.com Inc.-ADR | 1.41% | 1,600,000 | $64.0M | Add +2522.9% |
| ENFN Enfusion Inc. Class A | 1.04% | 4,975,183 | $47.2M | No change |
| KNSA Kiniksa Pharmaceuticals Inte | 0.87% | 1,582,635 | $39.6M | Reduce -49.7% |
| CTKB Cytek Biosciences Inc. | 0.81% | 6,657,030 | $36.9M | No change |
| BIDU Baidu Inc. - Spon ADR | 0.69% | 300,000 | $31.6M | New |
| YUMC Yum China Holdings Inc. | 0.66% | 665,863 | $30.0M | New |
| BBIO Bridgebio Pharma Inc. | 0.57% | 1,023,950 | $26.1M | Reduce -26.4% |
| YSG Yatsen Holding Ltd.-ADR | 0.52% | 6,987,839 | $23.8M | No change |
| HTHT H World Group Ltd.-ADR | 0.46% | 568,613 | $21.2M | No change |
| CTNM Contineum Therapeutics Inc. Class A | 0.28% | 669,337 | $12.8M | No change |
| SOHU Sohu.com Ltd.-ADR | 0.25% | 713,400 | $11.2M | No change |
| NBP Novabridge Biosciences filed as I MAB | 0.19% | 6,909,220 | $8.6M | No change |
| GOSS Gossamer Bio Inc. | 0.11% | 4,974,041 | $4.9M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 19,395 | $3.4M | Reduce -71.0% |
| ZK Zeekr Intelligent Techno-ADR | 0.07% | 145,000 | $3.2M | No change |
| URA Global X Uranium ETF | 0.06% | 100,000 | $2.9M | Reduce -16.7% |
| EM Smart Share Global Ltd. - ADR | 0.06% | 3,949,700 | $2.8M | No change |
| KWEB Kranesh Csi China Internet | 0.06% | 79,500 | $2.7M | New |
| TUYA Tuya Inc. | 0.06% | 1,564,400 | $2.6M | No change |
| DHR Danaher Corp. | 0.06% | 9,104 | $2.5M | Reduce -91.6% |
| META Meta Platforms Inc. Class A | 0.05% | 4,000 | $2.3M | Reduce -91.0% |
| MOGU Mogu Inc.-ADR | 0.05% | 847,510 | $2.2M | No change |
| SGMT Sagimet Biosciences Inc. Class A | 0.04% | 724,800 | $2.0M | No change |
| BEDU Bright Scholar Education-ADR | 0.04% | 988,143 | $2.0M | No change |
| GEV GE Vernova Inc. | 0.04% | 7,746 | $2.0M | Reduce -19.4% |
| MGX Metagenomi Therapeutics Inc. | 0.04% | 777,768 | $1.7M | No change |
| PACB Pacific Biosciences of Calif | 0.03% | 918,892 | $1.6M | No change |
| PYXS Pyxis Oncology Inc. | 0.03% | 382,606 | $1.4M | No change |
| DADA Dada Nexus Ltd.-ADR | 0.03% | 600,000 | $1.1M | No change |
| JOYY Joyy Inc.-ADR | 0.02% | 30,000 | $1.1M | New |
| GE General Electric filed as GE AEROSPACE | 0.02% | 5,713 | $1.1M | Reduce -37.9% |
| MCO Moody's Corp. | 0.02% | 1,502 | $713K | Reduce -62.7% |
| ALGS Aligos Therapeutics Inc. | 0.01% | 76,247 | $660K | Reduce -38.9% |
| LAKESHORE BIOPHARMA CO LTD | 0.01% | 751,790 | $513K | No change |
| TT Trane Technologies PLC | 0.01% | 753 | $293K | Reduce -84.8% |
| UXIN Uxin Ltd. - ADR | 0.00% | 19,156 | $129K | No change |
| RDGT Ridgetech Inc. filed as CHINA JO-JO DRUGSTORES INC | 0.00% | 20,167 | $44K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| PDD PDD Holdings Inc. | Reduce -46.4% | 14.11% | −15.06 |
| BEKE Ke Holdings Inc.-ADR | Reduce -53.1% | 4.75% | −3.34 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.67 |
| DHR Danaher Corp. | Reduce -91.6% | 0.06% | −0.61 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.61 |
| KNSA Kiniksa Pharmaceuticals Inte | Reduce -49.7% | 0.87% | −0.58 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.52 |
| META Meta Platforms Inc. Class A | Reduce -91.0% | 0.05% | −0.50 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.45 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.39 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.32 |
| GERN Geron Corp. | Sold out | 0.00% | −0.31 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.31 |
| BBIO Bridgebio Pharma Inc. | Reduce -26.4% | 0.57% | −0.30 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.25 |
| STVN Stevanato Group SPA | Sold out | 0.00% | −0.25 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.24 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.23 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.23 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.23 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -71.0% | 0.07% | −0.21 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.21 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.20 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.13 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.10 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.09 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.08 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.07 |
| BCYC Bicycle Therapeutics PLC-ADR | Sold out | 0.00% | −0.06 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.05 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.05 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.05 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.05 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −0.04 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.04 |
| FRO Frontline PLC | Sold out | 0.00% | −0.04 |
| TT Trane Technologies PLC | Reduce -84.8% | 0.01% | −0.03 |
| IMNM Immunome Inc. | Sold out | 0.00% | −0.03 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.03 |
| MCO Moody's Corp. | Reduce -62.7% | 0.02% | −0.03 |
| URA Global X Uranium ETF | Reduce -16.7% | 0.06% | −0.02 |
| CYBIN INC | Sold out | 0.00% | −0.02 |
| ALGS Aligos Therapeutics Inc. | Reduce -38.9% | 0.01% | −0.01 |
| GE General Electric | Reduce -37.9% | 0.02% | −0.01 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.01 |
| GEV GE Vernova Inc. | Reduce -19.4% | 0.04% | +0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| BABA Alibaba Group Holding-SP ADR | Add +64.1% | 20.57% | +11.01 |
| NTES Netease Inc.-ADR | Add +86.8% | 5.31% | +2.05 |
| ZTO Zto Express Cayman Inc.-ADR | Add +8172.8% | 1.63% | +1.61 |
| JD Jd.com Inc.-ADR | Add +2522.9% | 1.41% | +1.37 |
| FUTU Futu Holdings Ltd.-ADR | Add +46.8% | 2.21% | +1.05 |
| TCOM Trip.com Group Ltd.-ADR | Add +28.1% | 2.31% | +0.71 |
| BIDU Baidu Inc. - Spon ADR | New | 0.69% | +0.69 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +6.2% | 5.43% | +0.67 |
| YUMC Yum China Holdings Inc. | New | 0.66% | +0.66 |
| KWEB Kranesh Csi China Internet | New | 0.06% | +0.06 |
| JOYY Joyy Inc.-ADR | New | 0.02% | +0.02 |
Notes & Other Activity Q2 2024 → Q3 2024
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | Sold out | 384,273 | $6Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 35 | $832.1M | LEGN, FUTU, AVBP, MRVL, VIPS |
| Q1 2026 | 38 | $1.7B | PDD, BABA, ONC, FUTU, LEGN |
| Q4 2025 | 33 | $3.1B | PDD, BABA, ONC, FUTU, LEGN |
| Q3 2025 | 33 | $4.1B | PDD, BABA, FUTU, BULL, ONC |
| Q2 2025 | 36 | $3.1B | PDD, FUTU, BULL, ONC, NTES |
| Q1 2025 | 49 | $3.5B | PDD, BABA, FUTU, ONC, NTES |
| Q4 2024 | 45 | $2.9B | ONC, BABA, PDD, NTES, BEKE |
| Q3 2024 | 48 | $4.6B | ONC, BABA, PDD, LEGN, VIPS |
| Q2 2024 | 77 | $4.1B | PDD, ONC, BABA, BEKE, LEGN |
| Q1 2024 | 63 | $4.6B | PDD, ONC, BEKE, LEGN, MSFT |