About Zhang Lei
Zhang Lei was born on December 12, 1972, graduated from Renmin University of China, and then graduated with an MBA from Yale University in the United States. After that, he returned to China to start a business, but after failing to start his business, he returned to Yale University to continue his education and had the opportunity to intern at the Yale Investment Office. Let him get acquainted with the famous investor David Swenson. This laid the foundation for his future investment. On June 1, 2005, 33-year-old Zhang Lei established Hillhouse Capital Group and served as CEO.
About Hillhouse Capital
Hillhouse Capital Group is an investment management company established in Beijing in 2005. Hillhouse’s fund size has grown from an initial US$20 million to US$30 billion in 2017, and it has become one of the largest private equity managed funds in Asia.
About SEC 13-F Filing
The United States Securities and Exchange Commission (SEC) regulated that institutional investor managers holding more than US$100 million in assets must report to the SEC the securities held by the institution on a quarterly basis. For details, please refer to the SEC official website.
Hillhouse Capital portfolio market value
Quarter end date
June 30, 2019
Reporting date
August 14, 2019
Quarter portfolio shareholdings record (13-F)
| Company | Ticker | Market value (US$) | No of shares | Reported share price (US$) | % of portfolio | Holding period |
|---|---|---|---|---|---|---|
 BEIGENE LTD | BGNE | 550.08m | 4,437,953 | 123.95 | 12.3% | At least 0.5 yrs |
 JD COM INC | JD | 477.08m | 15,750,469 | 30.29 | 10.67% | At least 0.5 yrs |
 TAL EDUCATION GROUP | TAL | 434.74m | 11,410,453 | 38.1 | 9.72% | At least 0.5 yrs |
 IQIYI INC | IQ | 299.63m | 14,510,018 | 20.65 | 6.7% | At least 0.5 yrs |
 CHINA BIOLOGIC PRODS HLDGS I | CBPO | 262.19m | 2,751,200 | 95.3 | 5.86% | At least 0.5 yrs |
 ALIBABA GROUP HLDG LTD | BABA | 239.24m | 1,411,830 | 169.45 | 5.35% | At least 0.5 yrs |
 FACEBOOK INC | FB | 227.66m | 1,179,600 | 193 | 5.09% | 0.25 yrs |
 NEW ORIENTAL ED & TECH GRP I | EDU | 164.43m | 1,702,534 | 96.58 | 3.68% | 0.25 yrs |
 PINDUODUO INC | PDD | 148.49m | 7,197,978 | 20.63 | 3.32% | At least 0.5 yrs |
 58 COM INC | WUBA | 146.77m | 2,360,742 | 62.17 | 3.28% | - |
 SEA LTD | SE | 142.85m | 4,300,000 | 33.22 | 3.19% | 0.25 yrs |
 BLUEPRINT MEDICINES CORP | BPMC | 141.35m | 1,498,516 | 94.33 | 3.16% | At least 0.5 yrs |
 MONDELEZ INTL INC | MDLZ | 137.26m | 2,546,564 | 53.9 | 3.07% | At least 0.5 yrs |
 BILIBILI INC | BILI | 131.63m | 8,090,463 | 16.27 | 2.94% | At least 0.5 yrs |
 FIBROGEN INC | FGEN | 123.09m | 2,724,519 | 45.18 | 2.75% | At least 0.5 yrs |
 TESLA INC | TSLA | 116.33m | 520,580 | 223.46 | 2.6% | - |
 MELCO RESORT AND ENTMT LTD | MLCO | 95.47m | 4,395,700 | 21.72 | 2.13% | At least 0.5 yrs |
 ENSTAR GROUP LIMITED | ESGR | 94.72m | 543,487 | 174.28 | 2.12% | 0.25 yrs |
 APELLIS PHARMACEUTICALS INC | APLS | 65.37m | 2,579,708 | 25.34 | 1.46% | At least 0.5 yrs |
 SNAP INC | SNAP | 63.86m | 4,465,885 | 14.3 | 1.43% | - |
 BRIDGEBIO PHARMA INC | BBIO | 63.46m | 2,352,900 | 26.97 | 1.42% | - |
 MYOKARDIA INC | MYOK | 48.94m | 975,987 | 50.14 | 1.09% | At least 0.5 yrs |
 BRIGHT SCHOLAR ED HLDGS LTD | BEDU | 36.11m | 3,985,797 | 9.06 | 0.81% | At least 0.5 yrs |
 MOMO INC | MOMO | 34.68m | 968,693 | 35.8 | 0.78% | - |
 LINE CORP | LN | 33.99m | 1,207,763 | 28.14 | 0.76% | At least 0.5 yrs |
 G1 THERAPEUTICS INC | GTHX | 29.11m | 949,431 | 30.66 | 0.65% | At least 0.5 yrs |
 KINIKSA PHARMACEUTICALS LTD | KNSA | 24.86m | 1,835,888 | 13.54 | 0.56% | At least 0.5 yrs |
 TENCENT MUSIC ENTMT GROUP | TME | 22.04m | 1,470,491 | 14.99 | 0.49% | At least 0.5 yrs |
 GOSSAMER BIO INC | GOSS | 20.79m | 937,500 | 22.18 | 0.46% | 0.25 yrs |
 ZOOM VIDEO COMMUNICATIONS IN | ZM | 19.98m | 225,000 | 88.79 | 0.45% | - |
 MOGU INC | MOGU | 14.89m | 5,223,485 | 2.85 | 0.33% | - |
 ARVINAS INC | ARVN | 13.74m | 625,000 | 21.99 | 0.31% | At least 0.5 yrs |
 SOHU COM LTD | SOHU | 11.23m | 802,034 | 14 | 0.25% | At least 0.5 yrs |
 REGENXBIO INC | RGNX | 10.58m | 206,000 | 51.37 | 0.24% | - |
 AKERO THERAPEUTICS INC | AKRO | 8.14m | 425,000 | 19.15 | 0.18% | - |
 EIDOS THERAPEUTICS INC | EIDX | 5.55m | 178,600 | 31.08 | 0.12% | At least 0.5 yrs |
 ARCUS BIOSCIENCES INC | RCUS | 3.38m | 425,000 | 7.95 | 0.08% | At least 0.5 yrs |
 BEYOND MEAT INC | BYND | 2.41m | 15,000 | 160.67 | 0.05% | - |
 HOOKIPA PHARMA INC | HOOK | 1.92m | 285,714 | 6.73 | 0.04% | - |
 NEXTCURE INC | NXTC | 1.12m | 75,000 | 14.99 | 0.03% | - |
 CHINA INDEX HLDGS LTD | CIH | 1.06m | 300,000 | 3.55 | 0.02% | - |
 FANG HLDGS LTD | SFUN | 932k | 1,500,000 | 0.62 | 0.02% | At least 0.5 yrs |
 PUXIN LTD | NEW | 792k | 126,145 | 6.28 | 0.02% | At least 0.5 yrs |
Buy (Compared to the previous quarter portfolio)
| Company | Ticker | Market value (US$) | No of shares | Reported share price (US$) | % change | % of portfolio |
|---|---|---|---|---|---|---|
| NEW ORIENTAL ED & TECH GRP I | EDU | 164.16m | 1,699,734 | 96.58 | +60,704.79% | 3.67% |
| 58 COM INC | WUBA | 146.77m | 2,360,742 | 62.17 | N/A | 3.28% |
| TESLA INC | TSLA | 116.33m | 520,580 | 223.46 | N/A | 2.6% |
| PINDUODUO INC | PDD | 83.88m | 4,065,882 | 20.63 | +129.81% | 1.88% |
| BILIBILI INC | BILI | 75.46m | 4,638,232 | 16.27 | +134.35% | 1.69% |
| SNAP INC | SNAP | 63.86m | 4,465,885 | 14.3 | N/A | 1.43% |
| BRIDGEBIO PHARMA INC | BBIO | 63.46m | 2,352,900 | 26.97 | N/A | 1.42% |
| IQIYI INC | IQ | 40.32m | 1,952,530 | 20.65 | +15.55% | 0.9% |
| MOMO INC | MOMO | 34.68m | 968,693 | 35.8 | N/A | 0.78% |
| FIBROGEN INC | FGEN | 32.59m | 721,232 | 45.18 | +36% | 0.73% |
| JD COM INC | JD | 21.48m | 709,226 | 30.29 | +4.72% | 0.48% |
| ZOOM VIDEO COMMUNICATIONS IN | ZM | 19.98m | 225,000 | 88.79 | N/A | 0.45% |
| MOGU INC | MOGU | 14.89m | 5,223,485 | 2.85 | N/A | 0.33% |
| REGENXBIO INC | RGNX | 10.58m | 206,000 | 51.37 | N/A | 0.24% |
| AKERO THERAPEUTICS INC | AKRO | 8.14m | 425,000 | 19.15 | N/A | 0.18% |
| BEYOND MEAT INC | BYND | 2.41m | 15,000 | 160.67 | N/A | 0.05% |
| HOOKIPA PHARMA INC | HOOK | 1.92m | 285,714 | 6.73 | N/A | 0.04% |
| NEXTCURE INC | NXTC | 1.12m | 75,000 | 14.99 | N/A | 0.03% |
| CHINA INDEX HLDGS LTD | CIH | 1.06m | 300,000 | 3.55 | N/A | 0.02% |
Sell (Compared to the previous quarter portfolio)
| Company | Ticker | Market value (US$) | No of shares | Reported share price (US$) | % change | % of portfolio |
|---|---|---|---|---|---|---|
| MONDELEZ INTL INC | MDLZ | 25.22m | 467,909 | 53.9 | -15.52% | 0.56% |
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
