Duan Yongping's latest holdings disclosure: reduced Apple shares and increased AI investments, Nvidia holdings up over 1100%

BlockBeats News, February 18 — Well-known investor Duan Yongping’s investment firm H&H International Investment filed its 13F today, disclosing U.S. stock holdings as of the fourth quarter of 2024. The total market value of the holdings at quarter’s end was approximately $17.489 billion, up about 19% from $14.7 billion in Q3. The portfolio consists of 14 stocks, with the top ten holdings accounting for 99.66%, maintaining a highly concentrated style focused on value stocks and AI-related opportunities. The top five core holdings are: Apple (AAPL) at 50.30%, Berkshire Hathaway B (BRK.B) at 20.63%, NVIDIA (NVDA) at 7.72%, Pinduoduo (PDD) at 7.48%, and Google (GOOG) Class C at 3.33%.

In the fourth quarter of last year, the main portfolio adjustments included significantly reducing Apple holdings and increasing positions in the AI supply chain, specifically:

Apple holdings decreased by approximately 7.09%, with a reduction of 2.47 million shares;

NVIDIA holdings increased by over 1100%, soaring from about 600,000 shares in Q3 to approximately 7.24 million shares, with the position’s market value rising to become the third-largest in the portfolio;

Berkshire Hathaway B holdings increased by over 38.24%, adding nearly 2 million shares as a defensive investment;

Pinduoduo holdings increased by about 34.55%, adding nearly 3 million shares, demonstrating a “buy more when prices fall” value investing approach;

Microsoft and TSMC holdings surged by 207% and 371%, respectively, both key players in the AI supply chain;

A small position was established in three AI-related stocks as a test: CoreWeave (CRWV), a leader in cloud AI computing leasing, accounting for about 0.12% of the portfolio; Credo Technology (CRDO), a data center interconnect solutions provider, also about 0.12%; and Tempus AI (TEM), an AI-assisted precision medical company, about 0.04%.

In 2025, Duan Yongping continues to adhere to the value investing philosophy of “The great way is formless, but I have form,” maintaining a highly concentrated portfolio with the top five holdings accounting for over 89%. He has notably increased allocations across the entire AI industry chain, from core chips to infrastructure and applications. In a deep interview on Snowball’s “Strategy” platform in November 2024, Duan mentioned, “I think I’ll try a little bit, AI is something I feel I should at least get involved in, don’t miss out. Completely missing out would be a bit inappropriate.”

Additionally, Duan Yongping’s current major holdings in A-shares and Hong Kong stocks are Kweichow Moutai and Tencent Holdings. On January 21, he added 20,000 shares of Moutai at around 1,400 yuan and also holds a small amount of China Shenhua, a coal company.