"According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, HHLR Advisors, Ltd. reported the complete sale of its Baidu position during the fourth quarter. The fund reduced its holdings by 1,641,000 shares, with an estimated transaction value of $216.23 million based on average pricing for the period. The quarter-end valuation of the Baidu stake dropped by $216.23 million, reflecting this divestiture and share price movement."
"HHLR Advisors, Ltd. fully exited Baidu, removing a position that previously represented 5.3% of AUM as of the prior quarter. Top holdings as of the filing: NASDAQ: PDD: $1.22 billion (39.2% of AUM) NYSE: BABA: $795.98 million (25.6% of AUM) NASDAQ: ONC: $314.23 million (10.1% of AUM) NASDAQ: FUTU: $267.70 million (8.6% of AUM) NASDAQ: LEGN: $130.10 million (4.2% of AUM)."
HHLR Advisors fully exited its Baidu position in the fourth quarter, selling 1,641,000 shares for an estimated $216.23 million. The divestiture reduced the fund’s quarter-end Baidu valuation by $216.23 million and removed a holding that had represented 5.3% of assets under management in the prior quarter. The filing lists top holdings including PDD ($1.22 billion, 39.2% of AUM), BABA ($795.98 million, 25.6%), ONC ($314.23 million, 10.1%), FUTU ($267.70 million, 8.6%) and LEGN ($130.10 million, 4.2%). As of February 17, 2026, Baidu shares traded at $137.33, up 52.3% year-over-year and outperforming the S&P 500 by 29.0 percentage points.
Read at The Motley Fool
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