In HHLR's entire US stock holding at the end of the second quarter, Chinese concept stocks accounted for almost 85% of the total market capitalisation held, dominating the industry. Eight of its top ten heavy positions are Chinese concept stocks, with Alibaba becoming the third largest heavy symbol. Baidu and Full Truck Alliance, which reduced their holdings in the first quarter, were cleared out. Amazon and Microsoft were reduced, and chip stock Advanced Micro Devices was cleared out.
On Wednesday, August 14th, after trading on the US stock market, HHLR Advisors, a fund management platform independent and focused on secondary market investments, under the control of Gao Ling, announced its US stock holdings as of the end of the second quarter of 2024.
Institutional investors' quarterly holdings 13F reports show that HHLR Advisors, under Gao Ling, significantly increased its shareholding by 5.24 million shares in the second quarter, making it the third largest position or 9.55% of the total position, compared with only 0.23% in the first quarter.$Alibaba (BABA.US)$HHLR Advisors also ramped up its positions in PDD Holdings by 14.61 million shares, as well as increased its holdings in other Chinese concept stocks, ranking among the top five on the list of increased holdings. Among them, the stock price of Ctrip has shown a bright performance in the second quarter, with a maximum increase of nearly 30%.
Although HHLR Advisors reduced its holdings by 2.9 million shares in the second quarter, it remains its top heavy position. After reducing its holdings by over 6 million shares, Ke Holdings still ranks as its fourth largest holding. In addition, Baidu, which was reduced in the first quarter, was cleared out in the second quarter.$Vipshop (VIPS.US)$Among the seven US technology giants, Magnificent 7, Amazon received an increase in holdings, while Microsoft was reduced. Advanced Micro Devices was cleared, but some analysts note that, in addition to Chinese concept stocks, technology remains HHLR Advisors' main investment logic.$NetEase (NTES.US)$and$Trip.com (TCOM.US)$ Overall data shows that in the second quarter, HHLR held 78 stocks in the US market, with a total market value of approximately $4.054 billion. Among them, 24 new individual positions were built, 17 were increased, 17 were reduced, and 9 were cleared out. $Futu Holdings Ltd (FUTU.US)$ Its top ten heaviest positions are PDD Holdings, Alibaba, Baidu, VIPshop, NetEase, ArriVent BioPharma.
Despite HHLR Advisors' reduction of 2.9 million shares in the second quarter, it is still its top heavy stock holding.$PDD Holdings (PDD.US)$shareholding.$KE Holdings (BEKE.US)$More than 6 million shares, but Beike is still its fourth largest holding symbol. In addition, the holding was reduced in the first quarter, $Baidu (BIDU.US)$And.$Full Truck Alliance (YMM.US)$and cleared out in the second quarter.
Among the Magnificent 7, Amazon received an increase in holdings, while Microsoft was reduced. $Apple (AAPL.US)$N/A.$NVIDIA (NVDA.US)$and$Alphabet-A (GOOGL.US)$Asia Vets and New Energy Fund.$Meta Platforms (META.US)$ Advanced Micro Devices was increased.$Amazon (AMZN.US)$And.$Microsoft (MSFT.US)$Although it cleared out the chip stock Advanced Micro Devices, some analysts note that technology remains HHLR Advisors' main investment logic, in addition to Chinese concept stocks.
Overall data shows that in the second quarter, HHLR held 78 stocks in the US market, with a total market value of approximately $4.054 billion. Among them, 24 new individual positions were built, 17 were increased, 17 were reduced, and 9 were cleared out.
Its top ten heaviest positions are PDD Holdings, Alibaba, Baidu, VIPshop, NetEase, and ArriVent BioPharma.$BeiGene (BGNE.US)$Alibaba $KE Holdings (BEKE.US)$N/A.$Legend Biotech (LEGN.US)$VIPshop$ArriVent BioPharma (AVBP.US)$Ctrip, KINIKSA PHARMACEUTICALS, including 8 Chinese concept stocks.
Some analysts pointed out that in the entire U.S. stock holdings of HHLR at the end of the second quarter, Chinese concept stocks held a market value proportion of nearly 85%, occupying a dominant position.
In the first quarter of this year, Hillhouse Capital Management's HHLR Advisors bought large quantities of semiconductor technology stocks and established a position. $Advanced Micro Devices (AMD.US)$Please use your Futubull account to access the feature.$NVIDIA (NVDA.US)$And$Taiwan Semiconductor (TSM.US)$However, they cleared or substantially reduced their positions in several Chinese concept internet-related stocks at the time, including $JD.com (JD.US)$Please use your Futubull account to access the feature.$Alibaba (BABA.US)$N/A.$iQIYI (IQ.US)$etc.
AMD, which was cleared in the second quarter, became HHLR's sixth largest heavy-holding stock after establishing a position in the first quarter, and AMD fell 10% in the second quarter.
Editor/Emily