Hillhouse Capital's HHLR second quarter US stock holdings: more than 90% are Chinese concept stocks, with the top ten holdings accounting for eight positions.

HHLR Advisors, a fund management platform under Hillhouse Capital Group focusing on secondary market investments, has disclosed its US stock holdings as of the end of the second quarter of 2025. According to the 13F filing, HHLR's total market value of holdings reached $3.105 billion, with Chinese concept stocks accounting for over 90%, continuing to be core holdings and highlighting its long-term optimism towards high-quality Chinese assets.