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HHLR ADVISORS, LTD.

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13F filer, CIK 1762304, GRAND CAYMAN, Cayman Islands

HHLR ADVISORS, LTD. reported $3,104,509,729 across 36 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 90.28% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000902664-25-003621

Period
2025-06-30
Reported value
$3.1B
Holdings
36
Top 10 weight
90.28%
New
2
Sold out
15

Part of the filer group HHLR ADVISORS, LTD.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BULLnew+33,080,846$396M
PDDadded+414,228$43.4M
CWANnew+1,365,971$30M
FUTUadded+4,745$586K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BABAreduced-2,758,055-$313M
NTESreduced-1,005,029-$135M
VIPSreduced-5,552,113-$83.6M
JDreduced-2,536,200-$82.8M
BEKEreduced-4,507,937-$80M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0000902664-25-003621, largest first. % of portfolio is the value over $3,104,509,729, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,766,780 shares; 2024Q4: 2,730,275 shares; 2025Q1: 6,562,576 shares; 2025Q2: 6,976,804 shares 6,976,804$730M23.52%+414,228Timeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,051,089 shares; 2024Q4: 1,118,303 shares; 2025Q1: 4,307,492 shares; 2025Q2: 4,312,237 shares 4,312,237$533M17.17%+4,745Timeline
BULLWEBULL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 33,080,846 shares 33,080,846$396M12.74%newTimeline
ONCBEONE MEDICINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,176,906 shares; 2024Q4: 3,804,406 shares; 2025Q1: 1,034,306 shares; 2025Q2: 1,034,306 shares 1,034,306$250M8.06%0Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,588,943 shares; 2024Q4: 2,588,943 shares; 2025Q1: 2,668,697 shares; 2025Q2: 1,663,668 shares 1,663,668$224M7.21%-1,005,029Timeline
LEGNLEGEND BIOTECH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,636,496 shares; 2024Q4: 5,984,550 shares; 2025Q1: 5,984,550 shares; 2025Q2: 5,984,550 shares 5,984,550$212M6.84%0Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,868,688 shares; 2024Q4: 11,261,276 shares; 2025Q1: 11,973,402 shares; 2025Q2: 7,465,465 shares 7,465,465$132M4.27%-4,507,937Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,827,600 shares; 2024Q4: 4,887,300 shares; 2025Q1: 3,907,755 shares; 2025Q2: 1,149,700 shares 1,149,700$130M4.2%-2,758,055Timeline
AVBPARRIVENT BIOPHARMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,484,672 shares; 2024Q4: 4,484,672 shares; 2025Q1: 4,484,672 shares; 2025Q2: 4,484,672 shares 4,484,672$97.6M3.14%0Timeline
WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,531,466 shares; 2025Q1: 1,531,466 shares; 2025Q2: 1,531,466 shares 1,531,466$96.8M3.12%0
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,600,000 shares; 2024Q4: 1,690,000 shares; 2025Q1: 4,811,700 shares; 2025Q2: 2,275,500 shares 2,275,500$74.3M2.39%-2,536,200Timeline
YSGYATSEN HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,987,839 shares; 2024Q4: 6,885,873 shares; 2025Q1: 6,885,873 shares; 2025Q2: 6,111,933 shares 6,111,933$58.9M1.9%-773,940Timeline
CWANCLEARWATER ANALYTICS HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,365,971 shares 1,365,971$30M0.96%newTimeline
CTKBCYTEK BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,657,030 shares; 2024Q4: 6,657,030 shares; 2025Q1: 6,657,030 shares; 2025Q2: 6,657,030 shares 6,657,030$22.6M0.73%0Timeline
VIPSVIPSHOP HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,720,322 shares; 2024Q4: 14,880,002 shares; 2025Q1: 6,683,901 shares; 2025Q2: 1,131,788 shares 1,131,788$17M0.55%-5,552,113Timeline
LILI AUTO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 620,000 shares; 2025Q2: 620,000 shares 620,000$16.8M0.54%0Timeline
NBPNOVABRIDGE BIOSCIENCESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,909,220 shares; 2024Q4: 5,980,568 shares; 2025Q1: 5,980,568 shares; 2025Q2: 5,980,568 shares 5,980,568$14.5M0.47%0Timeline
ZTOZTO EXPRESS CAYMAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,003,008 shares; 2024Q4: 435,927 shares; 2025Q1: 671,387 shares; 2025Q2: 671,387 shares 671,387$11.9M0.38%0Timeline
BZKANZHUN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 576,339 shares; 2025Q2: 576,339 shares 576,339$10.3M0.33%0Timeline
APIAGORA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,098,553 shares; 2025Q1: 2,098,553 shares; 2025Q2: 2,098,553 shares 2,098,553$8M0.26%0Timeline
GOSSGOSSAMER BIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,974,041 shares; 2024Q4: 4,974,041 shares; 2025Q1: 4,974,041 shares; 2025Q2: 4,974,041 shares 4,974,041$6.12M0.2%0Timeline
MAZEMAZE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 457,535 shares; 2025Q2: 457,535 shares 457,535$5.61M0.18%0Timeline
SGMTSAGIMET BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 724,800 shares; 2024Q4: 724,800 shares; 2025Q1: 724,800 shares; 2025Q2: 724,800 shares 724,800$5.52M0.18%0Timeline
EMSMART SH GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,949,700 shares; 2024Q4: 3,949,700 shares; 2025Q1: 3,949,700 shares; 2025Q2: 3,949,700 shares 3,949,700$4.5M0.15%0Timeline
TUYATUYA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,564,400 shares; 2024Q4: 1,564,400 shares; 2025Q1: 1,564,400 shares; 2025Q2: 1,564,400 shares 1,564,400$3.61M0.12%0Timeline
CTNMCONTINEUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 669,337 shares; 2024Q4: 669,337 shares; 2025Q1: 669,337 shares; 2025Q2: 669,337 shares 669,337$2.66M0.09%0Timeline
MOGUMOGU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 847,510 shares; 2024Q4: 847,510 shares; 2025Q1: 847,510 shares; 2025Q2: 847,510 shares 847,510$1.8M0.06%0Timeline
BRIGHT SCHOLAR ED HLDGS LTDBRIGHT SCHOLAR ED HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 988,143 shares; 2024Q4: 988,143 shares; 2025Q1: 988,143 shares; 2025Q2: 988,143 shares 988,143$1.75M0.06%0
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,713 shares; 2024Q4: 10,328 shares; 2025Q1: 6,757 shares; 2025Q2: 6,305 shares 6,305$1.62M0.05%-452Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,502 shares; 2024Q4: 4,477 shares; 2025Q1: 2,637 shares; 2025Q2: 2,476 shares 2,476$1.24M0.04%-161Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,650 shares; 2025Q1: 2,128 shares; 2025Q2: 2,008 shares 2,008$1.16M0.04%-120Timeline
PACBPACIFIC BIOSCIENCES CALIF INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 918,892 shares; 2024Q4: 918,892 shares; 2025Q1: 918,892 shares; 2025Q2: 918,892 shares 918,892$1.14M0.04%0Timeline
ALGSALIGOS THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,247 shares; 2024Q4: 76,247 shares; 2025Q1: 76,247 shares; 2025Q2: 76,247 shares 76,247$550K0.02%0Timeline
LAKESHORE BIOPHARMA CO LTDLAKESHORE BIOPHARMA CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 75,179 shares; 2025Q1: 75,179 shares; 2025Q2: 75,179 shares 75,179$76.7K<0.01%0
UXINUXIN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,156 shares; 2024Q4: 19,156 shares; 2025Q1: 19,156 shares; 2025Q2: 19,156 shares 19,156$70.5K<0.01%0Timeline
RDGTRIDGETECH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,167 shares; 2024Q4: 20,167 shares; 2025Q1: 20,167 shares; 2025Q2: 20,167 shares 20,167$22.2K<0.01%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
TCOMTRIP COM GROUP LTD938,842$59.7Mshares
ENFUSION INCENFUSION INC4,975,183$55.5Mshares
BIDUBAIDU INC170,000$15.6Mshares
YUMCYUM CHINA HLDGS INC292,122$15.2Mshares
HTHTH WORLD GROUP LTD237,332$8.78Mshares
ATATATOUR LIFESTYLE HLDGS LTD242,342$6.87Mshares
TSMTAIWAN SEMICONDUCTOR MANUFAC33,000$5.48Mshares
SOHUSOHU COM LTD201,432$2.65Mshares
DHRDANAHER CORP DEL8,026$1.65Mshares
JOYYJOYY INC34,000$1.43Mshares
CYDCHINA YUCHAI INTL LTD70,000$1.19Mshares
WBWEIBO CORP100,000$947Kshares
XYFX FINL50,000$720Kshares
ECXECARX HOLDINGS INC400,000$504Kshares
MGXMETAGENOMI THERAPEUTICS INC150,699$205Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000902664-25-003621 base2025-08-14acceptance time not in the bulk data set