Zhi Tong Cai Jing·2025-11-17 06:13Group 1 - HHLR Advisors, a fund management platform under Hillhouse Capital, disclosed its US stock holdings as of the end of Q3, with a total portfolio value of approximately $4.09 billion, an increase of nearly 32% from the previous quarter [1][3] - The portfolio consists of 33 stocks, with a significant focus on Chinese tech stocks, including Pinduoduo (PDD), Alibaba (BABA), and Baidu (BIDU), which collectively account for over 90% of the total market value [1][2] - The latest 13F filing indicates that HHLR Advisors increased its positions in four stocks, reduced holdings in four stocks, initiated five new purchases, and completely sold out of eight stocks, with notable increases in Pinduoduo and Alibaba [2][3] Group 2 - The top holdings in the portfolio include Pinduoduo with a market value of $1.135 billion and Alibaba with $587 million, making them the two largest positions [2] - The turnover rate for the portfolio is reported at 31.71%, with the top 10 holdings representing 93.46% of the total portfolio [3] - The average holding period for the top 20 stocks is approximately 6.6 quarters, while the top 10 stocks have been held for about 9 quarters [3]