HHLR ADVISORS, LTD.

HHLR ADVISORS, LTD.

13F Holdings and Portfolio Analysis

Zhang Lei 2026 Q1 13F holdings, quarterly changes, portfolio value trend and position weight distribution.

HHLR ADVISORS, LTD. Overview

HHLR ADVISORS, LTD. held 38 stocks in 2026 Q1, with total market value around $1.67B.

HHLR ADVISORS, LTD.'s top five holdings in 2026 Q1: PDD HOLDINGS INC COMMON STOCK(PDD) 25.44%, Alibaba Group Holding Limited(BABA) 18.40%, BeOne Medicines AG(ONC) 18.36%, FUTU HOLDINGS LTD(FUTU) 11.60%, Legend Biotech Corporation(LEGN) 6.47%.

Portfolio Value
$1.67B
Current Holdings
38 stocks
New / Increased
9 / 2
Reduced / Exited
6 / 4

Current Holdings

1PDD HOLDINGS INC COMMON STOCKPDD0.4325.44%4.17 -61.15%$102.18$88.14 -13.74%$113.43-6.564.00-$0.11B-22.29%Reduced
2Alibaba Group Holding LimitedBABA0.3118.40%2.45 -54.82%$125.46$125.39 -0.06%$146.39-2.984.00-$0.05B-14.34%Reduced
3BeOne Medicines AGONC0.3118.36%1.03 -$296.97$316.42 +6.55%$136.900.007.50+$0.19B+131.14%Held
4FUTU HOLDINGS LTDFUTU0.1911.60%1.42 -12.93%$136.76$103.30 -24.47%$95.40-0.212.00+$0.01B+8.28%Reduced
5Legend Biotech CorporationLEGN0.116.47%5.98 -$18.09$31.96 +76.67%$67.420.006.00-$0.21B-52.59%Held
6ArriVent BioPharma, Inc.AVBP0.095.42%3.93 -$23.07$19.51 -15.43%$17.950.002.25+$0.01B+8.72%Held
7KE Holdings Inc.BEKE0.063.79%4.24 -$14.97$18.29 +22.18%$34.890.005.75-$0.07B-47.57%Held
8Clearwater Analytics Holdings, Inc.CWAN0.031.93%1.37 -$23.65$17.96 -24.06%$21.930.001.00-$0.01B-18.10%Held
9Cytek Biosciences, Inc.CTKB0.031.74%6.66 -$4.37$3.95 -9.61%$21.410.004.75-$0.12B-81.55%Held
10Marvell Technology, Inc.MRVL0.021.01%0.17 $99.05$205.00 +106.97%$99.05+0.170.25+$0.02B+106.97%New
11YATSEN HLDG LTD SPONSORED ADSYSG0.020.90%4.89 -$3.08- $2.110.002.25+$0.00B+45.97%Held
12NOVABRIDGE BIOSCIENCESNBP0.010.88%5.98 -$2.46- $50.060.005.75-$0.28B-95.09%Held
13Maze Therapeutics, Inc.MAZE0.010.65%0.37 -20.00%$29.85$27.81 -6.83%$11.01-0.091.25+$0.01B+152.59%Reduced
14Contineum Therapeutics, Inc.CTNM0.010.52%0.67 -$13.06$11.70 -10.41%$17.610.002.00-$0.00B-33.56%Held
15Agora, Inc.API0.010.44%2.10 -$3.54$3.48 -1.69%$4.160.001.50-$0.00B-16.35%Held
16WEBULL CORPBULL0.010.43%1.50 -74.89%$4.80$11.01 +129.38%$11.96-4.471.00-$0.00B-7.94%Reduced
17TAIWAN SEMICONDUCTOR MFG LTDTSM0.010.31%0.02 +37.35%$337.95$439.48 +30.04%$313.15+0.000.50+$0.00B+40.34%Increased
18Sagimet Biosciences Inc.SGMT0.000.23%0.72 -$5.22$7.36 +40.86%$8.800.002.75-$0.00B-16.36%Held
19Tuya Inc.TUYA0.000.22%1.56 -$2.31$2.28 -1.30%$21.140.005.25-$0.03B-89.21%Held
20GE AerospaceGE0.000.17%0.01 -$283.77$317.45 +11.87%$273.580.002.25+$0.00B+16.03%Held
21Vipshop Holdings LimitedVIPS0.000.12%0.12 $15.72$14.22 -9.54%$15.72+0.120.25-$0.00B-9.54%New
22MOGU INC SPON ADSMOGU0.000.11%0.85 -$2.23- $3.520.004.25-$0.00B-36.64%Held
23Gossamer Bio, Inc.GOSS0.000.10%4.97 -$0.33$2.19 +566.67%$16.640.007.25-$0.07B-86.84%Held
24Intel CorporationINTC0.000.08%0.03 $44.13$114.68 +159.87%$44.13+0.030.25+$0.00B+159.87%New
25Pacific Biosciences of California, Inc.PACB0.000.07%0.92 -$1.32$1.64 +24.24%$8.350.002.75-$0.01B-80.36%Held
Showing 1-25 of 38

"Holding Period (yrs)" is the latest uninterrupted holding duration, calculated by dividing continuous reported quarters by 4.

Cost basis is an estimate and can differ materially from the actual cost, especially in edge cases.

Cost basis estimate: from the latest uninterrupted holding period, new or increased shares are added to the cost pool at the report price; reductions remove shares at the then-average cost. Example: buy 100 shares at $10 in Q1 and add 50 shares at $16 in Q2, estimated cost basis is (100 x 10 + 50 x 16) / 150 = $12 per share.

Return shows estimated dollar return on top and percentage return below. It uses current price when available, otherwise report price.

Exited Holdings

Stocks no longer disclosed in the current 13F portfolio for 2026 Q1.

1ALPHABET INC CAP STK CL AGOOGL0.010.25$313.00$287.56-$0.00B-8.13%
2ISHARES BITCOIN TRUST ETFIBIT0.040.25$49.65$38.42-$0.00B-22.62%
3Moody's CorporationMCO0.002.25$449.99$436.25-$0.00B-3.05%
4CENTRAIS ELET BRAS SA SPON ADS PF CL CEBR.B0.030.25$8.62$8.62$0.00B0.00%
Showing 1-4 of 4

Exited holdings are stocks disclosed in the previous report period but no longer disclosed in the current 13F portfolio.

"Holding Period (yrs)" is the latest uninterrupted holding duration, calculated by dividing continuous reported quarters by 4.

Cost basis uses the same weighted cost-pool method as current holdings. Estimated exit price uses the current report period weighted report price when available, otherwise the previous report price; it does not represent the actual sale price.

Exit return shows estimated dollar return on top and percentage return below.

Portfolio Visuals

Track portfolio value, position weights and Top 10 history.

Market Value Trend ($B)

30 periods

Position Weight

TOP10

Holding Changes ($B)

All-period Top 10

Top 10 Holdings Replay

Animated view