On Tuesday morning Beijing time, the website of the US Securities and Exchange Commission (SEC) showed that HHLR Advisors, a fund manager entity under Hillhouse that focuses on secondary market investments, released data on US stock holdings as of the end of the third quarter of 2023.
Data shows that in the third quarter of 2023, HHLR conducted centralized allocation around technology companies and bio innovative drug companies, and increased its holdings and new purchases of 11 stocks such as Microsoft and Amazon; In addition, among the top ten heavyweight stocks in HHLR, half of them are Chinese concept stocks, with market value accounting for over 70%.
In addition, according to Whalewisdom, the total market value of the fund's holdings in the third quarter of this year was approximately $4.48 billion, with the top ten holdings accounting for 80.33%. In the Q3 holdings of Hillhouse Overseas Investment, the fund increased its holdings by 4 stocks, decreased its holdings by 20 stocks, newly acquired 7 stocks, and cleared 7 stocks.
It should be noted that Form 13-F only requires funds to disclose their long positions in US stocks, so it does not fully reflect the overall operation of the fund.
Chinese concept stocks still dominate
Data shows that as of the end of the third quarter of 2023, the top ten heavyweight stocks of HHLR Advisors are Baekje Shenzhou, Pinduoduo, Shell, Legendary Biology, Microsoft, DoorDash, Saftek, Alibaba, TAKE-TWO Interactive Software, and Amazon.
TAKE-TWO interactive software entered HHLR's top ten heavyweight stocks for the first time last quarter, and is a well-known gaming company.
Overall, although HHLR reduced its holdings in multiple Chinese concept stocks, including Alibaba and Huazhu, in the third quarter, resulting in Huazhu dropping out of the top ten heavily held stocks, Chinese concept stocks remain the top priority of its holdings.
According to statistics, among HHLR's total US stock holdings as of the end of the third quarter, the total market value held by Chinese concept stocks accounts for about 70%.
Adding inventory to Amazon's new entry into Tesla
In addition to the Chinese concept stocks, technology remains an important investment direction for HHLR Advisors. In addition to Alibaba, SF Times, DoorDash, Microsoft, and others still appearing in the top ten heavyweight stocks, HHLR Advisors also increased their holdings in Amazon and entered the top ten shareholders in the third quarter.
In addition, HHLR has increased its holdings in Boss Direct Hire, biopharmaceutical company ROIVANT SCIENCES, as well as new related targets such as SEA and Tesla.
Driven by the wave of artificial intelligence (AI) this year, technology stocks have performed outstandingly, especially the famous "Big Seven", which have risen rapidly. And technology stocks have always been the main theme of HHLR's investment.
As of press release, Microsoft has gained 54.55% so far this year, Amazon has gained 70.55%, and Tesla has also gained 119.62%.