HHLR ADVISORS LTD
Q3 2023 Form 13-F
GRAND CAYMAN, CAYMAN ISLANDS
CIK 0001762304
· CRD 166112
· Exempt reporting adviser
Holdings reported by
Evergreen Quality Fund GP Ltd since Q1 2024
Consolidated report · includes
1 manager
since Q3 2019
$4.5B Reported Value Total
HHLR ADVISORS, LTD. reports 20 total accounts under management (AUM). There are 18 discretionary accounts valued at $45,474,408,186, and 2 non-discretionary accounts valued at $396,784,270.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
4 funds
· $41.6B gross asset value
Hedge Fund: $41.6B
Source: Form ADV filed 2026-03-31
Reported value
$4.5B
Quarter over quarter
+4.0%
Holdings
60
Top-10 concentration
80.3%
Filing Structure
Reports holdings for
- HILLHOUSE INVESTMENT MANAGEMENT LTD · File #028-14183 · since Q3 2019
Holdings reported by
- Evergreen Quality Fund GP Ltd · since Q1 2024
Key People
Form ADV owners & control persons
Lei Zhang
SHAREHOLDER
Richard A. Hornung
CO-CHIEF OPERATING OFFICER, GENERAL COUNSEL
Bridget Nichola Kidner
DIRECTOR
Filing Navigation
13F Metrics
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Q3 2023 13F record
Q3 2023 13F filing summary
| Period of report | September 30, 2023 |
|---|---|
| Filed | November 14, 2023 |
| Form | 13F-HR |
| Reported value | $4.5B |
| Positions | 60 |
| Change in reported value | -4.6% |
| New positions | 7 |
| Exited positions | 7 |
| Position turnover | 20.9% |
| Top-10 concentration | 80.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
35 | $832.1M |
|
Q1 2026 13F
Filed May 15, 2026
|
38 | $1.7B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
33 | $3.1B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
33 | $4.1B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
36 | $3.1B |
|
Q1 2025 13F
Filed May 15, 2025
|
49 | $3.5B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
45 | $2.9B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
48 | $4.6B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
78 | $4.1B |
|
Q1 2024 13F
Filed May 14, 2024
|
63 | $4.6B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
49 | $5.0B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
60 | $4.5B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
60 | $4.7B |
|
Q1 2023 13F
Filed May 15, 2023
|
70 | $5.6B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
67 | $4.7B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
61 | $3.8B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
64 | $4.7B |
|
Q1 2022 13F
Filed May 16, 2022
|
64 | $4.8B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
76 | $6.5B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
85 | $7.6B |
11 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | ONC BEIGENE LTD | $931.2M | 20.79% |
| 2 | PDD PDD HOLDINGS INC | $720.9M | 16.1% |
| 3 | BEKE KE HLDGS INC | $475.9M | 10.63% |
| 4 | LEGN LEGEND BIOTECH CORP | $432.3M | 9.65% |
| 5 | MSFT MICROSOFT CORP | $253.1M | 5.65% |
| 6 | DASH DOORDASH INC | $211.9M | 4.73% |
| 7 | CRM SALESFORCE INC | $184.3M | 4.11% |
| 8 | BABA ALIBABA GROUP HLDG LTD | $176.1M | 3.93% |
| 9 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | $109.9M | 2.45% |
| 10 | AMZN AMAZON COM INC | $102.0M | 2.28% |
| 11 | HTHT H WORLD GROUP LTD | $95.9M | 2.14% |
| 12 | BBIO BRIDGEBIO PHARMA INC | $73.4M | 1.64% |
| 13 | BIDU BAIDU INC | $71.9M | 1.61% |
| 14 | DQ DAQO NEW ENERGY CORP | $61.7M | 1.38% |
| 15 | ENFN ENFUSION INC | $44.6M | 1.0% |
| 16 | CPNG COUPANG INC | $43.9M | 0.98% |
| 17 | CTKB CYTEK BIOSCIENCES INC | $36.7M | 0.82% |
| 18 | YSGXXXX YATSEN HLDG LTD | $34.9M | 0.78% |
| 19 | ZTO ZTO EXPRESS CAYMAN INC | $32.7M | 0.73% |
| 20 | RYZB RAYZEBIO INC | $31.0M | 0.69% |
Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.