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HHLR Advisors 13F Portfolio ยท Lei Zhang

Portfolio Manager
Lei Zhang
Performance
-6.39% (2026 Q2)
AUM (13F)
$832.07M
# of Holdings
35
Performance Rank
Allocation (Top 20)
92.69%
Latest filing
Q2 2026

Hhlr Advisors LTD Holdings Map

Top 32 Hhlr Advisors LTD Holdings

Top 10 holdings

StockCompany% Port.SharesValueActivityOwnershipAvg. CostDate
LEGN
LEGEND BIOTECH CORP
20.77%5.98M$172.8M
+0.00%(+0)
2025-Q2: 5.98M shares2025-Q3: 5.98M shares2025-Q4: 5.98M shares2026-Q1: 5.98M shares2026-Q2: 5.98M shares
$48.29(-57.82%)
2026-06-30
FUTU
FUTU HLDGS LTD
19.92%1.77M$165.8M
+24.57%(+348.80K)
2025-Q2: 4.31M shares2025-Q3: 3.24M shares2025-Q4: 1.63M shares2026-Q1: 1.42M shares2026-Q2: 1.77M shares
$90.25(+16.60%)
2026-06-30
AVBP
ARRIVENT BIOPHARMA INC
16.4%3.93M$136.5M
+0.00%(+0)
2025-Q2: 4.48M shares2025-Q3: 4.48M shares2025-Q4: 3.93M shares2026-Q1: 3.93M shares2026-Q2: 3.93M shares
$17.90(+64.84%)
2026-06-30
MRVL
MARVELL TECHNOLOGY INC
5.83%162.9K$48.5M
-4.74%(-8.10K)
2025-Q2: 0 shares2025-Q3: 0 shares2025-Q4: 0 shares2026-Q1: 171.0K shares2026-Q2: 162.9K shares
$92.02(+141.29%)
2026-06-30
VIPS
VIPSHOP HLDGS LTD
5.53%3.47M$46.0M
+2683.00%(+3.35M)
2025-Q2: 1.13M shares2025-Q3: 0 shares2025-Q4: 0 shares2026-Q1: 124.7K shares2026-Q2: 3.47M shares
$14.63(-3.11%)
2026-06-30
PDD
PDD HOLDINGS INC
4.58%500.0K$38.1M
-88.00%(-3.67M)
2025-Q2: 6.98M shares2025-Q3: 8.59M shares2025-Q4: 10.72M shares2026-Q1: 4.17M shares2026-Q2: 500.0K shares
$108.76(-22.04%)
2026-06-30
BEKE
KE HLDGS INC
3.87%2.22M$32.2M
-47.63%(-2.02M)
2025-Q2: 7.47M shares2025-Q3: 4.24M shares2025-Q4: 4.24M shares2026-Q1: 4.24M shares2026-Q2: 2.22M shares
$22.22(-23.45%)
2026-06-30
CTKB
CYTEK BIOSCIENCES INC
3.54%6.66M$29.5M
+0.00%(+0)
2025-Q2: 6.66M shares2025-Q3: 6.66M shares2025-Q4: 6.66M shares2026-Q1: 6.66M shares2026-Q2: 6.66M shares
$21.41(-78.09%)
2026-06-30
BABA
ALIBABA GROUP HLDG LTD
2.12%183.9K$17.7M
-92.50%(-2.27M)
2025-Q2: 1.15M shares2025-Q3: 3.29M shares2025-Q4: 5.43M shares2026-Q1: 2.45M shares2026-Q2: 183.9K shares
$138.53(-10.63%)
2026-06-30
YSG
YATSEN HLDG LTD
1.86%4.89M$15.5M
+0.00%(+0)
2025-Q2: 6.11M shares2025-Q3: 4.89M shares2025-Q4: 4.89M shares2026-Q1: 4.89M shares2026-Q2: 4.89M shares
$15.26(-77.72%)
2026-06-30

About Hhlr Advisors LTDโ€™s portfolio

Hhlr Advisors LTD reports $832.07M in US-listed equity holdings across 35 positions in its most recent 13F filing. Its largest disclosed positions are LEGN (20.8%), FUTU (19.9%) and AVBP (16.4%). The top 20 holdings account for 92.69% of reported assets. Its disclosed equity book has returned +19.69% on a three-year cumulative basis. Figures reflect the Q2 2026 filing.

Portfolio concentration

Portfolio concentration
LEGN โ€” 21.9% ($172.83M)FUTU โ€” 21.0% ($165.76M)AVBP โ€” 17.3% ($136.50M)MRVL โ€” 6.1% ($48.54M)VIPS โ€” 5.8% ($46.02M)PDD โ€” 4.8% ($38.14M)BEKE โ€” 4.1% ($32.23M)CTKB โ€” 3.7% ($29.49M)BABA โ€” 2.2% ($17.65M)YSG โ€” 2.0% ($15.49M)Other โ€” 11.1% ($87.95M)
89%in top 10
  • LEGN21.9%
  • FUTU21.0%
  • AVBP17.3%
  • MRVL6.1%
  • VIPS5.8%
  • PDD4.8%
  • BEKE4.1%
  • CTKB3.7%
  • BABA2.2%
  • YSG2.0%
  • Other11.1%

Portfolio changes

What the fund actually did

Every reported change this quarter, grouped by direction. The signal is in the rotation, not any single trade.

New buys
3
NTESNETEASE COM INC0.5%
TXNTEXAS INSTRS INC0.2%
ZMZOOM COMMUNICATIONS INC0.1%
Added to
6
VIPSVIPSHOP HLDGS LTD+2683.0%
FUTUFUTU HLDGS LTD+24.6%
LITELUMENTUM HLDGS INC+120.0%
NVDANVIDIA CORPORATION+112.6%
+2 more
Trimmed
7
PDDPDD HOLDINGS INC-88.0%
BABAALIBABA GROUP HLDG LTD-92.5%
BEKEKE HLDGS INC-47.6%
BULLWEBULL CORP-79.3%
+3 more

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Source filings

Holdings on this page are parsed from Hhlr Advisors LTDโ€™s Form 13F filings with the U.S. Securities and Exchange Commission (CIK 1762304). View Hhlr Advisors LTDโ€™s 13F filings on SEC

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