The Capital That Moves Markets
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LEGNLEGEND BIOTECH CORP20.77%$172.83M—
FUTUFUTU HLDGS LTD19.92%+8.32%$165.76MAdd+24.57%
AVBPARRIVENT BIOPHARMA INC16.40%$136.50M—
MRVLMARVELL TECHNOLOGY INC5.83%+4.82%$48.54MTrim-4.74%
VIPSVIPSHOP HLDGS LTD5.53%+5.41%$46.02MAdd+2683.00%
PDDPDD HOLDINGS INC4.58%-20.86%$38.14MTrim-88.00%
BEKEKE HLDGS INC3.87%+0.08%$32.23MTrim-47.63%
CTKBCYTEK BIOSCIENCES INC3.54%$29.49M—
ALMRALAMAR BIOSCIENCES INC3.11%$25.91MNew
BABAALIBABA GROUP HLDG LTD2.12%-16.28%$17.65MTrim-92.50%
ODTXODYSSEY THERAPEUTICS INC1.87%$15.56MNew
YSGYATSEN HLDG LTD1.86%$15.49M—
NBPNOVABRIDGE BIOSCIENCES1.40%$11.66M—
CTNMCONTINEUM THERAPEUTICS INC1.32%$10.97M—
MAZEMAZE THERAPEUTICS INC1.31%$10.92M—
APIAGORA INC1.01%$8.37M—
ONCBEONE MEDICINES LTD18.36%$307.16MExit
CWANCLEARWATER ANALYTICS HLDGS I1.93%$32.31MExit
BBARRICK MNG CORP0.06%$1.04MExit
DDLDINGDONG CAYMAN LTD0.05%$911.1KExit
AXIAYCENTRAIS ELET BRAS SA0.04%$711.8KExit
EWWISHARES INC0.04%$662.0KExit
VNETVNET GROUP INC0.03%$546.2KExit
UXINUXIN LTD0.00%$58.8KExit
RDGTRIDGETECH INC0.00%$657Exit
HHLR Advisors
Lei Zhang · CIK 0001762304 · filed 2026-08-14
Equity positions
NameWeightValueChange
LEGNLEGEND BIOTECH CORP20.77%$172.83M—FUTUFUTU HLDGS LTD19.92%+8.32%$165.76MAdd+24.57%AVBPARRIVENT BIOPHARMA INC16.40%$136.50M—MRVLMARVELL TECHNOLOGY INC5.83%+4.82%$48.54MTrim-4.74%VIPSVIPSHOP HLDGS LTD5.53%+5.41%$46.02MAdd+2683.00%PDDPDD HOLDINGS INC4.58%-20.86%$38.14MTrim-88.00%BEKEKE HLDGS INC3.87%+0.08%$32.23MTrim-47.63%CTKBCYTEK BIOSCIENCES INC3.54%$29.49M—ALMRALAMAR BIOSCIENCES INC3.11%$25.91MNewBABAALIBABA GROUP HLDG LTD2.12%-16.28%$17.65MTrim-92.50%ODTXODYSSEY THERAPEUTICS INC1.87%$15.56MNewYSGYATSEN HLDG LTD1.86%$15.49M—NBPNOVABRIDGE BIOSCIENCES1.40%$11.66M—CTNMCONTINEUM THERAPEUTICS INC1.32%$10.97M—MAZEMAZE THERAPEUTICS INC1.31%$10.92M—APIAGORA INC1.01%$8.37M—| Company | Type | Shares | Value ▼ | WeightCurrent portfolio weight this quarter. The signed percent is how that weight changed versus last quarter. Weight can move even if the share count did not. | ChangeAdd or trim as a percent of shares held last quarter. New and Exit are labels only. | Sector |
|---|---|---|---|---|---|---|
| LEGEND BIOTECH CORP · LEGN | Equity | 5,984,550 | $172.83M | 20.77% | — | Health Care |
| FUTU HLDGS LTD · FUTU | Equity | 1,768,283 | $165.76M | 19.92%+8.32% | Add+24.57% | Financials |
| ARRIVENT BIOPHARMA INC · AVBP | Equity | 3,929,117 | $136.50M | 16.40% | — | Health Care |
| MARVELL TECHNOLOGY INC · MRVL | Equity | 162,933 | $48.54M | 5.83%+4.82% | Trim-4.74% | Information Technology |
| VIPSHOP HLDGS LTD · VIPS | Equity | 3,470,400 | $46.02M | 5.53%+5.41% | Add+2683.00% | Consumer Discretionary |
| PDD HOLDINGS INC · PDD | Equity | 500,000 | $38.14M | 4.58%-20.86% | Trim-88.00% | Consumer Discretionary |
| KE HLDGS INC · BEKE | Equity | 2,218,377 | $32.23M | 3.87%+0.08% | Trim-47.63% | Real Estate |
| CYTEK BIOSCIENCES INC · CTKB | Equity | 6,657,030 | $29.49M | 3.54% | — | Health Care |
| ALAMAR BIOSCIENCES INC · ALMR | Equity | 956,462 | $25.91M | 3.11% | New | Health Care |
| ALIBABA GROUP HLDG LTD · BABA | Equity | 183,934 | $17.65M | 2.12%-16.28% | Trim-92.50% | Consumer Discretionary |
| ODYSSEY THERAPEUTICS INC · ODTX | Equity | 831,656 | $15.56M | 1.87% | New | Health Care |
| YATSEN HLDG LTD · YSG | Equity | 4,885,873 | $15.49M | 1.86% | — | Consumer Staples |
| NOVABRIDGE BIOSCIENCES · NBP | Equity | 5,980,568 | $11.66M | 1.40% | — | Health Care |
| CONTINEUM THERAPEUTICS INC · CTNM | Equity | 669,337 | $10.97M | 1.32% | — | Health Care |
| MAZE THERAPEUTICS INC · MAZE | Equity | 366,028 | $10.92M | 1.31% | — | Health Care |
| AGORA INC · API | Equity | 2,098,553 | $8.37M | 1.01% | — | Information Technology |
Exited this quarter
9 sold out vs Q1 2026NameLast wtLast valChange
ONCBEONE MEDICINES LTD18.36%$307.16MExitCWANCLEARWATER ANALYTICS HLDGS I1.93%$32.31MExitBBARRICK MNG CORP0.06%$1.04MExitDDLDINGDONG CAYMAN LTD0.05%$911.1KExitAXIAYCENTRAIS ELET BRAS SA0.04%$711.8KExitEWWISHARES INC0.04%$662.0KExitVNETVNET GROUP INC0.03%$546.2KExitUXINUXIN LTD0.00%$58.8KExitRDGTRIDGETECH INC0.00%$657Exit| Company | Type | Last shares | Last value | Last weight | ChangeAdd or trim as a percent of shares held last quarter. New and Exit are labels only. | Sector |
|---|---|---|---|---|---|---|
| BEONE MEDICINES LTD · ONC | Equity | 1,034,306 | $307.16M | 18.36% | Exit | Health Care |
| CLEARWATER ANALYTICS HLDGS I · CWAN | Equity | 1,365,971 | $32.31M | 1.93% | Exit | Information Technology |
| BARRICK MNG CORP · B | Equity | 25,400 | $1.04M | 0.06% | Exit | Materials |
| DINGDONG CAYMAN LTD · DDL | Equity | 354,500 | $911.1K | 0.05% | Exit | Consumer Staples |
| CENTRAIS ELET BRAS SA · AXIAY | Equity | 63,100 | $711.8K | 0.04% | Exit | Utilities |
| ISHARES INC · EWW | Equity | 8,800 | $662.0K | 0.04% | Exit | Unknown |
| VNET GROUP INC · VNET | Equity | 65,100 | $546.2K | 0.03% | Exit | Information Technology |
| UXIN LTD · UXIN | Equity | 19,156 | $58.8K | 0.00% | Exit | Consumer Discretionary |
| RIDGETECH INC · RDGT | Equity | 20,167 | $657 | 0.00% | Exit | Health Care |