HHLR ADVISORS, LTD.

GRAND CAYMAN, E9 · CIK 1762304 · 13F filing filed 2026-08-14

Exempt reporting adviser since 2023 · other (specify)

Private funds2 (2 hedge) · $22.1bn gross assets
Main officeSingapore
Websitehillhouseinvestment.com
Form ADV · 2026-03-31SEC adviser record

Legal entityHHLR Advisors, Ltd. (KY)

Kindhedge funds, futures
Others nearbySingapore

As an employer

Offices in3 countries
Private fundshedge 2

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Singapore (main office)Singapore	Singapore
CentralHong Kong	Hong Kong	6
Grand CaymanCayman Islands	Cayman Islands	1

$832.1m reported value -50.3% vs Q1 2026

35positions

85.7%in top 10

6 new 6 added 7 reduced 9 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

HILLHOUSE INVESTMENT MANAGEMENT, LTD. – reports through this filing

Also in the report of:

Evergreen Quality Fund GP, Ltd. – $74.2m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	LEGEND BIOTECH CORP SPONSORED ADS LEGN	LEGN	5,984,550	$172.8m20.77%	20.77%	Unchanged
2	FUTU HLDGS LTD SPON ADS CL A FUTU	FUTU	1,768,283	$165.8m19.92%	19.92%	Added +348.8k	+348,800 24.6%
3	ARRIVENT BIOPHARMA INC COM AVBP	AVBP	3,929,117	$136.5m16.40%	16.40%	Unchanged
4	MARVELL TECHNOLOGY INC COM MRVL	MRVL	162,933	$48.5m5.83%	5.83%	Reduced -8.1k	-8,100 -4.7%
5	VIPSHOP HLDGS LTD SPONSORED ADS A VIPS	VIPS	3,470,400	$46.0m5.53%	5.53%	Added +3.3m	+3,345,700 2683.0%
6	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	500,000	$38.1m4.58%	4.58%	Reduced -3.7m	-3,665,029 -88.0%
7	KE HLDGS INC SPONSORED ADS BEKE	BEKE	2,218,377	$32.2m3.87%	3.87%	Reduced -2.0m	-2,017,901 -47.6%
8	CYTEK BIOSCIENCES INC COM CTKB	CTKB	6,657,030	$29.5m3.54%	3.54%	Unchanged
9	ALAMAR BIOSCIENCES INC COMMON STOCK ALMR	ALMR	956,462	$25.9m3.11%	3.11%	New
10	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	183,934	$17.7m2.12%	2.12%	Reduced -2.3m	-2,269,723 -92.5%
11	ODYSSEY THERAPEUTICS INC COMMON STOCK ODTX	ODTX	831,656	$15.6m1.87%	1.87%	New
12	YATSEN HLDG LTD SPONSORED ADS YSG	YSG	4,885,873	$15.5m1.86%	1.86%	Unchanged
13	I MAB SPONSORED ADS NBP	NBP	5,980,568	$11.7m1.40%	1.40%	Unchanged
14	CONTINEUM THERAPEUTICS INC CL A CTNM	CTNM	669,337	$11.0m1.32%	1.32%	Unchanged
15	MAZE THERAPEUTICS INC COM MAZE	MAZE	366,028	$10.9m1.31%	1.31%	Unchanged
16	AGORA INC ADS API	API	2,098,553	$8.4m1.01%	1.01%	Unchanged
17	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	15,510	$7.4m0.89%	0.89%	Reduced -10	-10 -0.1%
18	SAGIMET BIOSCIENCES INC COM SER A SGMT	SGMT	724,800	$5.6m0.67%	0.67%	Unchanged
19	NETEASE INC SPONSORED ADS NTES	NTES	34,999	$4.5m0.54%	0.54%	New
20	GE AEROSPACE COM NEW GE	GE	10,043	$3.8m0.45%	0.45%	Unchanged
21	LUMENTUM HLDGS INC COM LITE	LITE	3,300	$2.8m0.34%	0.34%	Added +1.8k	+1,800 120.0%
22	NVIDIA CORPORATION COM NVDA	NVDA	14,054	$2.8m0.34%	0.34%	Added +7.4k	+7,444 112.6%
23	TUYA INC SPONSERED ADS TUYA	TUYA	1,564,400	$2.8m0.33%	0.33%	Unchanged
24	CORNING INC COM GLW	GLW	10,266	$2.6m0.32%	0.32%	Added +2.6k	+2,566 33.3%
25	COHERENT CORP COM COHR	COHR	6,417	$2.5m0.30%	0.30%	Added +2.1k	+2,142 50.1%
26	WEBULL CORP ORD SHS BULL	BULL	309,857	$2.0m0.24%	0.24%	Reduced -1.2m	-1,190,143 -79.3%
27	INTEL CORP COM INTC	INTC	14,300	$2.0m0.24%	0.24%	Reduced -14.7k	-14,670 -50.6%
28	PACIFIC BIOSCIENCES CALIF IN COM PACB	PACB	918,892	$1.5m0.19%	0.19%	Unchanged
29	TEXAS INSTRS INC COM TXN	TXN	4,800	$1.4m0.17%	0.17%	New
30	MOGU INC SPON ADS MOGU	MOGU	847,510	$1.4m0.17%	0.17%	Unchanged
31	GOSSAMER BIO INC COM GOSS	GOSS	4,974,041	$818.7k0.10%	0.10%	Unchanged
32	EQUINOX GOLD CORP COM EQX	EQX	80,500	$782.5k0.09%	0.09%	Unchanged
33	ZOOM COMMUNICATIONS INC CL A ZM	ZM	9,010	$777.7k0.09%	0.09%	New
34	ALIGOS THERAPEUTICS INC COM NEW ALGS	ALGS	76,247	$439.9k0.05%	0.05%	Unchanged
35	RIDGETECH INC SHS NEW RDGT	RDGT	136	$2040.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BEIGENE LTD ONC	ONC	1,034,306	$307.2m1.0m shares
CLEARWATER ANALYTICS HLDGS I		1,365,971	$32.3m1.4m shares
BARRICK MNG CORP B	B	25,400	$1.0m25.4k shares
DINGDONG CAYMAN LTD DDL	DDL	354,500	$911.1k354.5k shares
CENTRAIS ELETRICAS BRASILEIR AXIAY	AXIAY	63,100	$711.8k63.1k shares
ISHARES INC EWW	EWW	8,800	$662.0k8.8k shares
VNET GROUP INC VNET	VNET	65,100	$546.2k65.1k shares
UXIN LTD UXIN	UXIN	19,156	$58.8k19.2k shares
RIDGETECH INC RDGT	RDGT	20,167	$65720.2k shares