Latest HILLHOUSE CAPITAL ADVISORS, LTD. Stock Portfolio

HILLHOUSE CAPITAL ADVISORS, LTD. Performance:

2025 Q1: 6.57%YTD: 6.57%2024: 4.12%

Performance for 2025 Q1 is 6.57%, and YTD is 6.57%, and 2024 is 4.12%.

About HILLHOUSE CAPITAL ADVISORS, LTD. and 13F Hedge Fund Stock Holdings

HHLR ADVISORS, LTD. is a hedge fund based in Singapore. On 31-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $45.9 Billions. In it's latest 13F Holdings report, HHLR ADVISORS, LTD. reported an equity portfolio of $3.5 Billions as of 31 Mar, 2025.

The top stock holdings of HHLR ADVISORS, LTD. are PDD, BABA, FUTU. The fund has invested 21.9% of it's portfolio in PDD HOLDINGS INC and 14.6% of portfolio in ALIBABA GROUP HLDG LTD.

The fund managers got completely rid off KINIKSA PHARMACEUTICALS INTL, BRIDGEBIO PHARMA INC (BBIO) and TRANE TECHNOLOGIES PLC (TT) stocks. They significantly reduced their stock positions in METAGENOMI INC, BEIGENE LTD (BGNE) and VIPSHOP HLDGS LTD (VIPS). HHLR ADVISORS, LTD. opened new stock positions in BAIDU INC, LI AUTO INC (LI) and YUM CHINA HLDGS INC (YUMC). The fund showed a lot of confidence in some stocks as they added substantially to FUTU HLDGS LTD (FUTU), JD.COM INC (JD) and PDD HOLDINGS INC (PDD).

HILLHOUSE CAPITAL ADVISORS, LTD. Annual Return Estimates Vs S&P 500

Our best estimate is that HHLR ADVISORS, LTD. made a return of 6.57% in the last quarter. In trailing 12 months, it's portfolio return was 11.7%.

New Buys

Ticker	$ Bought
baidu inc	15,645,100
li auto inc	15,624,000
yum china hldgs inc	15,207,900
kanzhun limited	11,048,400
h world group ltd	8,783,660
atour lifestyle hldgs ltd	6,870,400
maze therapeutics inc	5,037,460
china yuchai intl ltd	1,189,300

New stocks bought by HILLHOUSE CAPITAL ADVISORS, LTD.

Additions

Ticker	% Inc.
futu hldgs ltd	285
jd.com inc	184
pdd holdings inc	140
zto express cayman inc	54.01
joyy inc	13.33
ke hldgs inc	6.32
netease inc	3.08
trip com group ltd	2.74

Additions to existing portfolio by HILLHOUSE CAPITAL ADVISORS, LTD.

Reductions

Ticker	% Reduced
metagenomi inc	-80.62
beigene ltd	-72.81
sohu com ltd	-60.54
vipshop hldgs ltd	-55.08
msci inc	-41.7
moodys corp	-41.1
danaher corporation	-38.63
ge aerospace	-34.58

HILLHOUSE CAPITAL ADVISORS, LTD. reduced stake in above stock

Sold off

Ticker	$ Sold
kiniksa pharmaceuticals intl	-31,304,500
bridgebio pharma inc	-28,097,200
dada nexus ltd	-847,000
pyxis oncology inc	-596,865
hello group inc	-413,179
ge vernova inc	-2,574,210
trane technologies plc	-863,540

HILLHOUSE CAPITAL ADVISORS, LTD. got rid off the above stocks

Sector Distribution

HHLR ADVISORS, LTD. has about 88.9% of it's holdings in Others sector.

Sector	%
Others	88.9
Healthcare	9
Technology	1.6

Market Cap. Distribution

HHLR ADVISORS, LTD. has about 8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	88.9
MEGA-CAP	8
SMALL-CAP	2.4

Stocks belong to which Index?

About 2.4% of the stocks held by HHLR ADVISORS, LTD. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	97.5
RUSSELL 2000	2.4

Top 5 Winners (%)		%
BGNE	beigene ltd	28.5 %
GOSS	gossamer bio inc	21.6 %
GE	ge aerospace	19.9 %
ENFN	enfusion inc	8.3 %
YUMC	yum china hldgs inc	5.9 %

Top 5 Winners ($)		$
BGNE	beigene ltd	200.0 M
ENFN	enfusion inc	4.2 M
GOSS	gossamer bio inc	1.0 M
YUMC	yum china hldgs inc	0.8 M
GE	ge aerospace	0.3 M

Top 5 Losers (%)		%
ALGS	aligos therapeutics inc	-79.3 %
CTKB	cytek biosciences inc	-38.2 %
PACB	pacific biosciences calif in	-35.5 %
DHR	danaher corporation	-9.7 %
MSCI	msci inc	-5.1 %

Top 5 Losers ($)		$
CTKB	cytek biosciences inc	-16.5 M
ALGS	aligos therapeutics inc	-2.4 M
PACB	pacific biosciences calif in	-0.6 M
DHR	danaher corporation	-0.3 M
MSCI	msci inc	-0.1 M

HILLHOUSE CAPITAL ADVISORS, LTD. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of HILLHOUSE CAPITAL ADVISORS, LTD.

HHLR ADVISORS, LTD. has 49 stocks in it's portfolio. About 88.5% of the portfolio is in top 10 stocks. CTKB proved to be the most loss making stock for the portfolio. BGNE was the most profitable stock for HHLR ADVISORS, LTD. last quarter.

Last Reported on: 15 May, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	PDD	pdd holdings inc	21.94	6,562,580	776,681,000	added	140
Historical Trend of PDD HOLDINGS INC Position Held By HILLHOUSE CAPITAL ADVISORS, LTD. What % of Portfolio is PDD?: Number of PDD shares held: Change in No. of Shares Held:
	BABA	alibaba group hldg ltd	14.60	3,907,760	516,722,000	reduced	-20.04

	FUTU	futu hldgs ltd	12.46	4,307,490	440,872,000	added	285

	BGNE	beigene ltd	7.95	1,034,310	281,507,000	reduced	-72.81

	NTES	netease inc	7.76	2,668,700	274,662,000	added	3.08

	BEKE	ke hldgs inc	6.80	11,973,400	240,546,000	added	6.32

		legend biotech corp	5.74	5,984,550	203,056,000	unchanged	0.00

	JD	jd.com inc	5.59	4,811,700	197,857,000	added	184

	VIPS	vipshop hldgs ltd	2.96	6,683,900	104,804,000	reduced	-55.08

		wns hldgs ltd	2.66	1,531,470	94,169,800	unchanged	0.00

		arrivent biopharma inc	2.34	4,484,670	82,921,600	unchanged	0.00

	TCOM	trip com group ltd	1.69	938,842	59,691,600	added	2.74

	ENFN	enfusion inc	1.57	4,975,180	55,473,300	unchanged	0.00

	YSG	yatsen hldg ltd	0.94	6,885,870	33,121,000	unchanged	0.00

	CTKB	cytek biosciences inc	0.75	6,657,030	26,694,700	unchanged	0.00

		baidu inc	0.44	170,000	15,645,100	new

	LI	li auto inc	0.44	620,000	15,624,000	new

	YUMC	yum china hldgs inc	0.43	292,122	15,207,900	new

	ZTO	zto express cayman inc	0.38	671,387	13,320,300	added	54.01

	BZ	kanzhun limited	0.31	576,339	11,048,400	new