
按 SEC 原始 13F-HR 拆解 HHLR 2026Q2 全仓:组合市值较 Q1 下降 50.26%,医疗成为最大板块,中概仓位收缩,AI 硬件转向分化配置。
| 项目 | 2026Q2 | 2026Q1 对照 |
|---|---|---|
| 报告期 | 2026-06-301 | 2026-03-313 |
| SEC filing date | 2026-08-141 | 2026-05-153 |
| 13F 条目 | 351 | 383 |
| 披露市值 | 8.32 亿美元1 | 16.73 亿美元3 |
| 前五大集中度 | 68.46%2 | — |
| 前十大集中度 | 85.70%2 | — |
| 按股数比较 | 新进 6、加仓 6、减仓 7、清仓 9、持平 1624 | — |
value 字段相加得到。24| 排名 | 发行人(SEC 原文) | 市值(百万美元) | 股数 | 组合占比 |
|---|---|---|---|---|
| 1 | LEGEND BIOTECH CORP | 172.83 | 5,984,550 | 20.77%2 |
| 2 | FUTU HLDGS LTD | 165.76 | 1,768,283 | 19.92%2 |
| 3 | ARRIVENT BIOPHARMA INC | 136.50 | 3,929,117 | 16.40%2 |
| 4 | MARVELL TECHNOLOGY INC | 48.54 | 162,933 | 5.83%2 |
| 5 | VIPSHOP HLDGS LTD | 46.02 | 3,470,400 | 5.53%2 |
| 6 | PDD HOLDINGS INC | 38.14 | 500,000 | 4.58%2 |
| 7 | KE HLDGS INC | 32.23 | 2,218,377 | 3.87%2 |
| 8 | CYTEK BIOSCIENCES INC | 29.49 | 6,657,030 | 3.54%2 |
| 9 | ALAMAR BIOSCIENCES INC | 25.91 | 956,462 | 3.11%2 |
| 10 | ALIBABA GROUP HLDG LTD | 17.65 | 183,934 | 2.12%2 |
| 发行人 | Q2 股数 | Q1 股数 | 股数变化 | Q2 市值(百万美元) | CUSIP |
|---|---|---|---|---|---|
| ALAMAR BIOSCIENCES INC | 956,462 | 0 | +956,462 | 25.912 | 010911105 |
| ODYSSEY THERAPEUTICS INC | 831,656 | 0 | +831,656 | 15.562 | 67613T104 |
| NETEASE COM INC | 34,999 | 0 | +34,999 | 4.482 | 64110W102 |
| TEXAS INSTRS INC | 4,800 | 0 | +4,800 | 1.432 | 882508104 |
| ZOOM COMMUNICATIONS INC | 9,010 | 0 | +9,010 | 0.782 | 98980L101 |
| RIDGETECH INC | 136 | 0 | +136 | 0.00022 | G2124G203 |
| 发行人 | Q2 股数 | Q1 股数 | 股数变化 | Q2 市值(百万美元) | CUSIP |
|---|---|---|---|---|---|
| FUTU HLDGS LTD | 1,768,283 | 1,419,483 | +348,800 | 165.762 | 36118L106 |
| VIPSHOP HLDGS LTD | 3,470,400 | 124,700 | +3,345,700 | 46.022 | 92763W103 |
| LUMENTUM HLDGS INC | 3,300 | 1,500 | +1,800 | 2.832 | 55024U109 |
| NVIDIA CORPORATION | 14,054 | 6,610 | +7,444 | 2.812 | 67066G104 |
| CORNING INC | 10,266 | 7,700 | +2,566 | 2.622 | 219350105 |
| COHERENT CORP | 6,417 | 4,275 | +2,142 | 2.532 | 19247G107 |
| 发行人 | Q2 股数 | Q1 股数 | 股数变化 | Q2 市值(百万美元) | CUSIP |
|---|---|---|---|---|---|
| MARVELL TECHNOLOGY INC | 162,933 | 171,033 | -8,100 | 48.542 | 573874104 |
| PDD HOLDINGS INC | 500,000 | 4,165,029 | -3,665,029 | 38.142 | 722304102 |
| KE HLDGS INC | 2,218,377 | 4,236,278 | -2,017,901 | 32.232 | 482497104 |
| ALIBABA GROUP HLDG LTD | 183,934 | 2,453,657 | -2,269,723 | 17.652 | 01609W102 |
| TAIWAN SEMICONDUCTOR MANUFAC | 15,510 | 15,520 | -10 | 7.412 | 874039100 |
| WEBULL CORP | 309,857 | 1,500,000 | -1,190,143 | 2.022 | G9572D103 |
| INTEL CORP | 14,300 | 28,970 | -14,670 | 2.002 | 458140100 |
| 发行人 | Q2 股数 | Q1 股数 | 股数变化 | Q2 市值(百万美元) | CUSIP |
|---|---|---|---|---|---|
| BEONE MEDICINES LTD | 0 | 1,034,306 | -1,034,306 | 0 | 07725L102 |
| CLEARWATER ANALYTICS HLDGS I | 0 | 1,365,971 | -1,365,971 | 0 | 185123106 |
| BARRICK MNG CORP | 0 | 25,400 | -25,400 | 0 | 06849F108 |
| DINGDONG CAYMAN LTD | 0 | 354,500 | -354,500 | 0 | 25445D101 |
| CENTRAIS ELET BRAS SA | 0 | 63,100 | -63,100 | 0 | 15234Q207 |
| ISHARES INC | 0 | 8,800 | -8,800 | 0 | 464286822 |
| VNET GROUP INC | 0 | 65,100 | -65,100 | 0 | 90138A103 |
| UXIN LTD | 0 | 19,156 | -19,156 | 0 | 91818X306 |
| RIDGETECH INC | 0 | 20,167 | -20,167 | 0 | G2124G120 |
G2124G203 被归为新进,Q1 的 G2124G120 被归为清仓。这不是把同一 CUSIP 同时判成两种动作,而是按频道规定的 CUSIP 口径保留两条记录;如果只按发行人名称合并,会掩盖这个证券标识变化。24| 排名 | 发行人(SEC 原文) | 市值(百万美元) | 股数 | 组合占比 |
|---|---|---|---|---|
| 11 | ODYSSEY THERAPEUTICS INC | 15.56 | 831,656 | 1.87%2 |
| 12 | YATSEN HLDG LTD | 15.49 | 4,885,873 | 1.86%2 |
| 13 | NOVABRIDGE BIOSCIENCES | 11.66 | 5,980,568 | 1.40%2 |
| 14 | CONTINEUM THERAPEUTICS INC | 10.97 | 669,337 | 1.32%2 |
| 15 | MAZE THERAPEUTICS INC | 10.92 | 366,028 | 1.31%2 |
| 16 | AGORA INC | 8.37 | 2,098,553 | 1.01%2 |
| 17 | TAIWAN SEMICONDUCTOR MANUFAC | 7.41 | 15,510 | 0.89%2 |
| 18 | SAGIMET BIOSCIENCES INC | 5.60 | 724,800 | 0.67%2 |
| 19 | NETEASE COM INC | 4.48 | 34,999 | 0.54%2 |
| 20 | GE AEROSPACE | 3.75 | 10,043 | 0.45%2 |
| 21 | LUMENTUM HLDGS INC | 2.83 | 3,300 | 0.34%2 |
| 22 | NVIDIA CORPORATION | 2.81 | 14,054 | 0.34%2 |
| 23 | TUYA INC | 2.75 | 1,564,400 | 0.33%2 |
| 24 | CORNING INC | 2.62 | 10,266 | 0.32%2 |
| 25 | COHERENT CORP | 2.53 | 6,417 | 0.30%2 |
| 26 | WEBULL CORP | 2.02 | 309,857 | 0.24%2 |
| 27 | INTEL CORP | 2.00 | 14,300 | 0.24%2 |
| 28 | PACIFIC BIOSCIENCES CALIF IN | 1.54 | 918,892 | 0.19%2 |
| 29 | TEXAS INSTRS INC | 1.43 | 4,800 | 0.17%2 |
| 30 | MOGU INC | 1.42 | 847,510 | 0.17%2 |
| 31 | GOSSAMER BIO INC | 0.82 | 4,974,041 | 0.10%2 |
| 32 | EQUINOX GOLD CORP | 0.78 | 80,500 | 0.09%2 |
| 33 | ZOOM COMMUNICATIONS INC | 0.78 | 9,010 | 0.09%2 |
| 34 | ALIGOS THERAPEUTICS INC | 0.44 | 76,247 | 0.05%2 |
| 35 | RIDGETECH INC | 0.0002 | 136 | 0.00%2 |
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