Core Viewpoint - Hillhouse Capital's HHLR Advisors has shown strong confidence in Chinese stocks, increasing and initiating positions in nearly 20 Chinese concept stocks in the first quarter [1][4]. Group 1: Investment Activity - HHLR Advisors initiated new positions in 11 stocks, including well-known companies such as Baidu and Li Auto [4]. - The fund increased its holdings in 8 stocks, with significant increases in positions for Futu Holdings, JD.com, and Pinduoduo, all exceeding 100% compared to the previous quarter [5][6]. - The total market value of HHLR's holdings rose from $2.89 billion to $3.54 billion, marking an increase of nearly 23% [1][2]. Group 2: Portfolio Composition - The top 10 holdings of HHLR Advisors accounted for 88.46% of the total portfolio, with nine out of ten being Chinese concept stocks [2]. - The top holdings include Pinduoduo, Alibaba, Futu Holdings, and JD.com, with Pinduoduo representing 21.94% of the portfolio [3][6]. - HHLR Advisors sold out of 7 stocks, including Momo and Dada Group, and reduced its position in Alibaba by 20% [8][9]. Group 3: Market Performance - Recent stock purchases and increases have resulted in notable price gains, with new investments like Boss Zhipin and Li Auto seeing increases of over 26% and 21%, respectively [6]. - The increased holdings in Futu Holdings, Pinduoduo, and NetEase also experienced gains exceeding 20% [6].
高瓴旗下HHLR一季度加码中国资产,新进百度、理想,重仓拼多多