SEC 13F Intelligence

Managers / Q1 2022 · view latest →

HHLR ADVISORS, LTD.

CIK 0001762304 · OFFICE #122, WINDWARD 3 BUILDING, REGATTA OFFICE PARK, WEST BAY ROAD, GRAND CAYMAN, E9, KY1-9006 · (345) 749-8643

Reported Value
$4.8B
Q1 2022
Positions
64
Filings on Record
30
2019–present window
Filed
May 16, 2022
original filing

Summary

Hhlr Advisors, Ltd. reported $4.8B in U.S.-listed holdings across 64 positions for Q1 2022.

The portfolio is heavily concentrated: ONC alone accounts for 21.5% of reported value.

Compared with Q4 2021, the fund opened 5 new positions and exited 17.

Portfolio Metrics

Turnover
+12.7%
vs prior filed quarter
Top-10 Concentration
+74.7%
share of reported value
Largest Position
+21.5%
Beigene
New / Exited
5 / 17
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.4BQ4 ’18Q1 ’19: $3.6BQ2 ’19: $4.5BQ3 ’19: $7.3BQ4 ’19: $8.0BQ4 ’19Q1 ’20: $7.4BQ2 ’20: $10.9BQ3 ’20: $13.2BQ4 ’20: $12.6BQ4 ’20Q1 ’21: $10.1BQ2 ’21: $9.7BQ3 ’21: $7.6BQ4 ’21: $6.5BQ4 ’21Q1 ’22: $4.8BQ2 ’22: $4.7BQ3 ’22: $3.8BQ4 ’22: $4.7BQ4 ’22Q1 ’23: $5.6BQ2 ’23: $4.7BQ3 ’23: $4.5BQ4 ’23: $5.0BQ4 ’23Q1 ’24: $4.6BQ2 ’24: $4.1BQ3 ’24: $4.6BQ4 ’24: $2.9BQ4 ’24Q1 ’25: $3.5BQ2 ’25: $3.1BQ3 ’25: $4.1BQ4 ’25: $3.1BQ4 ’25Q1 ’26: $1.7Bfilingsflow.com

Portfolio Composition

By security type
ADR: 59.9%Common Stock: 31.3%Other: 8.7%Equity WRT: 0.0%
  • ADR · 59.9% · $2.9B
  • Common Stock · 31.3% · $1.5B
  • Other · 8.7% · $418M
  • Equity WRT · 0.0% · $100,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DIDIYDIDI GLOBAL INCNEW+36.83M36.83M+$92M$92M
YMMFULL TRUCK ALLIANCE CO LTDNEW+9.59M9.59M+$64M$64M
FUTUFUTU HLDGS LTDNEW+130.0K130.0K+$4M$4M
DQDAQO NEW ENERGY CORPNEW+100.0K100.0K+$4M$4M
MOGUMOGU INCNEW+870.6K870.6K+$3M$3M
ACMRACM RESH INCADDED+447.2K670.8K−$5M$14M
DASHDOORDASH INCADDED+2.59M3.88M+$262M$455M
VIPSVIPSHOP HOLDINGS LIMITEDADDED+13.19M22.15M+$124M$199M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ONCBEIGENE LTDhistory →SPONSORED ADR21.55%$1.0B5.47M
2JDJD.COM INChistory →SPON ADR CL A10.19%$488M8.43M
3DASHDOORDASH INChistory →CL A9.50%$455M3.88M
4CRMSALESFORCE COM INChistory →COM9.39%$450M2.12M
5LEGNLEGEND BIOTECH CORPhistory →SPONSORED ADS5.26%$252M6.94M
6ON HLDG AGNAMEN AKT A4.90%$235M9.30M
7VIPSVIPSHOP HOLDINGS LIMITEDhistory →SPONSORED ADS A4.16%$199M22.15M
8IQIQIYI INChistory →SPONSORED ADS3.66%$175M38.65M
9SESEA LTDhistory →SPONSORD ADS3.63%$174M1.45M
10MDLZMONDELEZ INTL INChistory →CL A2.44%$117M1.86M
11NBPI MABhistory →SPONSORED ADS2.44%$117M7.18M
12CTKBCYTEK BIOSCIENCES INChistory →COM1.97%$94M8.76M
13DIDIYDIDI GLOBAL INChistory →SPONSORED ADS1.92%$92M36.83M
14LILI AUTO INChistory →SPONSORED ADS1.35%$64M2.50M
15GOSSGOSSAMER BIO INChistory →COM1.34%$64M7.42M
16BEKEKE HLDGS INChistory →SPONSORED ADS1.34%$64M5.18M
17YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS1.34%$64M9.59M
18PLTKPLAYTIKA HLDG CORPhistory →COM1.32%$63M3.28M
19ENFUSION INCCL A1.32%$63M4.98M
20CPNGCOUPANG INChistory →CL A1.24%$59M3.35M
21BBIOBRIDGEBIO PHARMA INChistory →COM1.14%$54M5.36M
22UBERUBER TECHNOLOGIES INChistory →COM0.83%$40M1.11M
23ARGXARGENX SEhistory →SPONSORED ADR0.79%$38M120.0K
24TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS0.78%$38M360.5K
25KINIKSA PHARMACEUTICALS LTDCOM CL A0.61%$29M2.92M
26YATSEN HLDG LTDADS0.58%$28M40.45M
27INSTIL BIO INCCOM0.54%$26M2.39M
28AKROAKERO THERAPEUTICS INChistory →COM0.40%$19M1.36M
29SNOWSNOWFLAKE INChistory →CL A0.30%$14M63.0K
30ACMRACM RESH INChistory →COM CL A0.29%$14M670.8K
31SOHUSOHU COM LTDhistory →SPONSORED ADS0.28%$13M802.0K
32MELCO RESORTS AND ENTMNT LTDADR0.27%$13M1.70M
33FORMA THERAPEUTICS HLDGS INCSHS0.21%$10M1.10M
34HTHTHUAZHU GROUP LTDhistory →SPONSORED ADS0.21%$10M303.2K
35DYNDYNE THERAPEUTICS INCCOM0.20%$10M1.00M
36IPSCCENTURY THERAPEUTICS INCCOM0.16%$8M614.1K
37ADC THERAPEUTICS SASHS0.15%$7M500.0K
38ALLOALLOGENE THERAPEUTICS INCCOM0.15%$7M800.0K
39TALARIS THERAPEUTICS INCCOM0.14%$7M698.8K
40TNGXTANGO THERAPEUTICS INCCOM0.14%$7M882.1K
41HIPPO HLDGS INCCOMMON STOCK0.12%$6M2.77M
42EMSMART SH GLOBAL LTDADS0.11%$5M4.08M
43ROOTGBPROOT INCCOM CL A0.11%$5M2.60M
44ALIGOS THERAPEUTICS INCCOM0.11%$5M2.37M
45TUYATUYA INCSPONSERED ADS0.10%$5M1.69M
46ZTOZTO EXPRESS CAYMAN INCSPONSORED ADS A0.10%$5M200.0K
47FUTUFUTU HLDGS LTDSPON ADS CL A0.09%$4M130.0K
48DQDAQO NEW ENERGY CORPSPNSRD ADS NEW0.09%$4M100.0K
49PRLDPRELUDE THERAPEUTICS INCCOM0.08%$4M583.3K
50SURROZEN INCCOM0.08%$4M1.20M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.7B38May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.1B33Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.1B33Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$3.1B36Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.5B49May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.9B45Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.6B48Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.1B78Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.6B63May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.0B49Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.5B60Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.7B60Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$5.6B70May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$4.7B67Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.8B61Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$4.7B64Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.8B64May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.5B76Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$7.6B85Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$9.7B89Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$10.1B91May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$12.6B95Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$13.2B89Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$10.9B74Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$7.4B60May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$8.0B54Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$7.3B64Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.5B43Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$3.6B30May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.4B32Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • HILLHOUSE INVESTMENT MANAGEMENT, LTD.028-14183

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.