Smart Money Radar / Whales / Lei Zhang
L

Lei Zhang

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

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

Reported value
$5B
48 positions shown
Copycat since 2016
1.48x
4% per year
vs SPY
behind
SPY 3.57x same window
Top position
ONC
26% 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 · Sep 2024
ONC 26% BABA 21% PDD 14% LEGN 7% VIPS 5% NTES 5% BEKE 5% AVBP 2%
+33 more 5%
SymbolValue% of bookvs prior quarter
ONC $1.2B 26% unchanged
BABA $937M 21% added
PDD $643M 14% trimmed
LEGN $323M 7% unchanged
VIPS $247M 5% added
NTES $242M 5% added
BEKE $216M 5% trimmed
TCOM $105M 2% added
AVBP $105M 2% unchanged
FUTU $101M 2% added
ZTO $74M 2% added
JD $64M 1% added
unlisted $47M 1% unchanged
KNSA $40M 1% trimmed
CTKB $37M 1% unchanged
BIDU $32M 1% new
YUMC $30M 1% new
BBIO $26M 1% trimmed
YSG $24M 1% unchanged
HTHT $21M 0% unchanged
CTNM $13M 0% unchanged
SOHU $11M 0% unchanged
NBP $9M 0% unchanged
GOSS $5M 0% unchanged
TSM $3M 0% trimmed
unlisted $3M 0% unchanged
URA $3M 0% trimmed
EM $3M 0% unchanged
KWEB $3M 0% new
TUYA $3M 0% unchanged
DHR $3M 0% trimmed
META $2M 0% trimmed
MOGU $2M 0% unchanged
SGMT $2M 0% unchanged
unlisted $2M 0% unchanged
GEV $2M 0% trimmed
MGX $2M 0% unchanged
PACB $2M 0% unchanged
PYXS $1M 0% unchanged
unlisted $1M 0% unchanged
JOYY $1M 0% new
GE $1M 0% trimmed
MCO $713K 0% trimmed
ALGS $660K 0% new
unlisted $513K 0% unchanged
TT $293K 0% trimmed
UXIN $129K 0% unchanged
unlisted $44K 0% unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.