HHLR ADVISORS, LTD.

Q4 2025 13F Combination Report, Stock Holdings

Signature - Title
Audrey Woon - Chief Compliance Officer
Location
Grand Cayman, Cayman Islands
Holdings as of
31 Dec 2025
Value $
$3,103,678,081
Num holdings
33
Filing time
17 Feb 2026, 16:23:37 UTC
Form type
13F-HR
Description
A portion of the US holdings for this investor are reported in this report and a portion are reported by other reporting manager(s). Top holdings included PDD, BABA, ONC, FUTU, and LEGN.
Previous filing
Q3 2025 - 14 Nov 2025
Sym Weight Trade Impact Company Class Share Change Activity Value Change $ Value $ * Price $ Shares Principal
Filing 2025 Q4 compared to 2025 Q3 by default. Changes are calculated vs the previous SEC filing.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Audrey Woon Chief Compliance Officer Singapore, Singapore 17 Feb 2026

This Form 13F-HR, filed by HHLR Advisors, Ltd. ("HHLR"), includes the holdings managed by Hillhouse Investment Management, Ltd. HHLR and Hillhouse Investment Management, Ltd. are under common control and share certain policies, personnel and resources.

List of Other Managers Reporting for HHLR ADVISORS, LTD.:

Name Holdings Value Location File Number
Evergreen Quality Fund GP, Ltd. $5,067,982,647 Grand Cayman, Cayman Islands 028-24147

Other Included Managers (1):

Num Name Location File Number
1 HILLHOUSE INVESTMENT MANAGEMENT, LTD. Grand Cayman 028-14183