❯ Duan Yongping’s Q2 Holdings Reach $19.101 Billion: New Alibaba Position, Nvidia Cut by More Than Half

POSITIONSAn August 14 SEC filing shows that H&H International Investment, managed by Duan Yongping, ended Q2 with total positions of approximately $19.101 billion across 18 companies, with Apple, Berkshire Hathaway Class B, and Pinduoduo as the top three holdings.

MOVESThe filing shows that in Q2 he cut Nvidia by 54.63% and Google by 46.88%, and liquidated TSMC and cybersecurity firm CrowdStrike; at the same time, he raised his Pinduoduo stake by 26.71% and built a new Alibaba position of 301,400 shares, worth approximately $28.93 million at period-end. Among the top three holdings, Apple still accounts for 41.05% of the portfolio, Berkshire Hathaway Class B 24.18%, and Pinduoduo 9.99%.

READShedding core positions in the U.S. AI compute chain while adding to US-listed Chinese stocks — the direction is quite clear. But this filing only reflects a static snapshot as of June 30; it does not disclose subsequent trades, nor does it include Hong Kong-listed or other non-U.S. equity positions, so using it to infer current positions would be misleading. Viewed side by side, what is worth noting is that the TSMC liquidation and the Nvidia reduction happened in the same quarter — the cuts hit the upstream and downstream of the same chain, not a judgment on a single company.

▪ SIGNALIn the same filing, he sold the shovel-sellers of compute and bought China’s e-commerce — that combination is itself a judgment.