After trading on Monday (16th Beijing time), HHLR Advisors, the main fund manager of Hillhouse Capital, which focuses on secondary market investment, disclosed 13F documents to the U.S. Securities and Exchange Commission (SEC), showing its position in U.S. stocks in the second quarter of 2022.

Data show that as of the end of the second quarter, HHLR held 64 stocks in the U. S. stock market, with a total market capitalization of $4.7 billion (about 31.8 billion yuan), roughly the same as the previous quarter.

The top ten HHLR stocks are BeiGene, Ltd. (BGNE), JD.com (JD), Sai FTSE (CRM), DoorDash (DASH), Sea (SE), Vipshop Holdings Limited (VIPS), Legend Biotech Corp (LEGN), BABA (BABA), KE Holdings Inc. (BEKE) and Daqo New Energy Corp (DQ). The total market capitalization is US $3.415 billion, accounting for 73% of the total positions, of which US-listed stocks account for seven seats.

It is worth noting that in the second quarter, HHLR again built positions in BABA (BABA) and Pinduoduo (PDD), buying 1.89 million shares and 1.39 million shares respectively. BABA and Pinduoduo were the first and fifth stocks in HHLR to increase their holdings in the second quarter, respectively.

From the action of reducing positions, HHLR reduced its holdings of stocks such as iQIYI, Inc. (IQ) and Full Truck Alliance Co. Ltd. (YMM) in the second quarter. However, these three companies are investments made by Hillhouse in the primary market, and this reduction belongs to the normal reduction and exit of the fund.