Smart Money Radar / Whales / Lei Zhang
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Lei Zhang

HHLR Advisors, Ltd. · Holdings as of Mar 31, 2024, filed by May 16, 2024 · US long stock positions only

Hillhouse's public book. Asia-rooted growth conviction.

Reported value
$5B
60 positions shown
Copycat since 2016
1.48x
4% per year
vs SPY
behind
SPY 3.57x same window
Top position
PDD
30% of book

Copying these filings vs SPY

$1 at every deadline since 2016
SPY 3.57x Lei Zhang 1.48x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Mar 2024
PDD 30% ONC 18% BEKE 9% LEGN 7% MSFT 6% AMZN 3%
+48 more 8%
SymbolValue% of bookvs prior quarter
PDD $1.4B 30% new
ONC $810M 18% new
BEKE $401M 9% new
LEGN $336M 7% new
MSFT $291M 6% new
AMD $165M 4% new
AMZN $148M 3% new
CRM $139M 3% new
DHR $118M 3% new
TTWO $116M 3% new
DASH $80M 2% new
AVBP $70M 2% new
unlisted $62M 1% new
MCO $61M 1% new
unlisted $46M 1% new
CTKB $45M 1% new
BBIO $42M 1% new
HTHT $36M 1% new
CPNG $19M 0% new
BIDU $16M 0% new
NTES $15M 0% new
YSG $15M 0% new
unlisted $15M 0% new
MDLZ $14M 0% new
ZTO $14M 0% new
TSM $13M 0% new
NBP $13M 0% new
NVDA $12M 0% new
BABA $10M 0% new
SE $9M 0% new
APP $9M 0% new
GOOG $9M 0% new
MU $8M 0% new
MGX $8M 0% new
SOHU $8M 0% new
GOSS $6M 0% new
MRVL $4M 0% new
SGMT $4M 0% new
PACB $3M 0% new
GE $3M 0% new
VIPS $3M 0% new
unlisted $3M 0% new
VRT $3M 0% new
META $3M 0% new
URA $3M 0% new
AVGO $3M 0% new
TUYA $3M 0% new
EM $3M 0% new
AAPL $2M 0% new
unlisted $2M 0% new
ALGS $2M 0% new
JD $2M 0% new
PYXS $2M 0% new
MOGU $2M 0% new
BZ $2M 0% new
ANET $1M 0% new
ATAT $897K 0% new
unlisted $526K 0% new
QCOM $508K 0% new
YMM $98K 0% new
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.