Smart Money Radar / Whales / Lei Zhang
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Lei Zhang

HHLR Advisors, Ltd. · Holdings as of Jun 30, 2024, filed by Aug 15, 2024 · US long stock positions only

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

Reported value
$4B
60 positions shown
Copycat since 2016
1.48x
4% per year
vs SPY
behind
SPY 3.57x same window
Top position
PDD
29% 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 · Jun 2024
PDD 29% ONC 18% BABA 10% BEKE 8% LEGN 7% VIPS 5% NTES 3%
+63 more 10%
SymbolValue% of bookvs prior quarter
PDD $1.2B 29% trimmed
ONC $739M 18% unchanged
BABA $387M 10% added
BEKE $328M 8% trimmed
LEGN $294M 7% added
VIPS $193M 5% added
NTES $132M 3% added
AVBP $83M 2% added
TCOM $65M 2% new
KNSA $59M 1% new
FUTU $47M 1% new
unlisted $42M 1% unchanged
CTKB $37M 1% unchanged
BBIO $35M 1% unchanged
DHR $27M 1% trimmed
DASH $27M 1% trimmed
CRM $25M 1% trimmed
META $22M 1% added
AZN $21M 1% new
HTHT $19M 0% trimmed
YSG $19M 0% unchanged
APP $18M 0% added
unlisted $16M 0% unchanged
GOOG $13M 0% added
GERN $13M 0% new
SE $12M 0% unchanged
CTNM $12M 0% new
TSM $12M 0% trimmed
NBP $12M 0% unchanged
TMO $10M 0% new
STVN $10M 0% new
SOHU $10M 0% unchanged
NVDA $10M 0% added
MU $10M 0% unchanged
MSFT $9M 0% trimmed
CPNG $9M 0% trimmed
AAPL $9M 0% added
AMZN $8M 0% trimmed
unlisted $5M 0% added
GOSS $4M 0% unchanged
RBLX $4M 0% new
S $4M 0% new
URA $3M 0% added
ANET $3M 0% added
EM $3M 0% unchanged
MGX $3M 0% unchanged
QCOM $3M 0% added
unlisted $3M 0% new
TUYA $3M 0% unchanged
BCYC $3M 0% new
SGMT $2M 0% unchanged
AVGO $2M 0% trimmed
AMAT $2M 0% new
unlisted $2M 0% unchanged
MOGU $2M 0% unchanged
MA $2M 0% new
V $2M 0% new
MCO $2M 0% trimmed
BZ $2M 0% unchanged
GEV $2M 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.