What happened According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, HHLR Advisors, Ltd. reported the complete sale of its Baidu position during the fourth quarter. The fund reduced its holdings by 1,641,000 shares, with an estimated transaction value of $216.23 million based on average pricing for the period. The quarter-end valuation of the Baidu stake dropped by $216.23 million, reflecting this divestiture and share price movement. What else to know HHLR Advisors, Ltd ...