Duan Yongping
H&H International Investment
Duan Yongping (H&H International Investment) discloses a $20.00B portfolio across 19 US-listed positions in the latest 13F filing (2026Q1, filed May 19, 2026). The largest holding is AAPL at 36.7% of the book. The biggest move of the quarter: added 27% to the BRK/B share count (position now $4.38B). Latticework's clone backtest puts this 13F book at +9.8%/yr vs SPY over 7.1 years.
About Duan Yongping
Duan Yongping is a Chinese entrepreneur-turned-concentrated-value investor best known as the founder of BBK Electronics and, indirectly, the backer of what became OPPO and vivo. His public investment philosophy is an explicit derivative of Buffett and Munger: buy businesses with durable competitive advantage, hold indefinitely, and ignore short-term price movements — a posture he has articulated for years on Chinese social platforms, particularly Xueqiu. H&H International's 13F reflects that discipline directly: 19 positions, 87% in the top five, with AAPL and BRK/B together accounting for more than half the disclosed equity book. His most widely cited trade was paying $620,100 at a 2006 charity auction for a Buffett lunch — a capital-allocation decision he has described as the best investment he ever made. Readers should note that the 13F captures only U.S.-listed long equities; his PDD position straddles NASDAQ listing and Hong Kong, and any private holdings, Chinese domestic equities, or options overlays fall entirely outside the filing.
2026Q1 brief
Duan Yongping's $20B H&H portfolio reinforced its Munger-influenced, hyper-concentrated structure this quarter, with the most consequential move being a near-doubling of NVDA (+91% to 12.1%) and a near-doubling of GOOG (+100% to 5.3%) — both reads that Duan views AI-era corrections as buying opportunities rather than valuation warnings. The initiation of TSLA at 6.3% is the filing's biggest surprise: Duan has historically been skeptical of story stocks, so this new position — alongside tiny initiations in PLTR and CRWD — may reflect a view that Musk-adjacent assets are mis-priced relative to autonomous/AI optionality. The complete exit from BABA (previously 2.1%) is notable given Duan's long-running affinity for Chinese consumer tech, while TSM was slashed 88% — a semiconductor geopolitical risk hedge that contrasts with his aggressive NVDA add. AAPL remains the anchor at 36.7% with BRK/B at 21.9%, keeping the top-two concentration above 58%. Watch whether the TSLA position is a tactical trade or gets scaled toward the top-5 in the next filing.
AI-generated. Not investment advice.
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Holdings (19) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | AAPL | 36.7% | $7.35B | |||
| 2 | BRK/B | 21.9% | $4.38B | |||
| 3 | NVDA | 12.1% | $2.41B | |||
| 4 | PDD | 10.1% | $2.02B | |||
| 5 | TSLA | 6.3% | $1.27B | |||
| 6 | GOOG | 5.3% | $1.06B | |||
| 7 | OXY | 3.3% | $667M | |||
| 8 | MSFT | 1.9% | $376M | |||
| 9 | UNH | 0.8% | $163M | |||
| 10 | DIS | 0.7% | $146M | |||
| 11 | G25457105 | 0.4% | $71M | |||
| 12 | TSM | 0.3% | $51M | |||
| 13 | CRCL | 0.1% | $19M | |||
| 14 | PLTR | <0.1% | $9M | |||
| 15 | SNPS | <0.1% | $4M | |||
| 16 | CRWD | <0.1% | $4M | |||
| 17 | SNOW | <0.1% | $2M | |||
| 18 | TEM | <0.1% | $904K | |||
| 19 | INOD | <0.1% | $386K |
- 1AAPLport36.7%val$7.35BApple Incthis Q hold·29q
- port21.9%val$4.38BBerkshire Hathaway Inc-cl Bthis Q +27%·29q
- 3NVDAport12.1%val$2.41BNvidia Corpthis Q +91%·5q
- 4PDDport10.1%val$2.02BPdd Holdings Incthis Q +71%·15q
- 5TSLAport6.3%val$1.27BTesla Incthis Q New·—1q
- 6GOOGport5.3%val$1.06BAlphabet Inc-cl Cthis Q +100%·29q
- 7OXYport3.3%val$667MOccidental Petroleum Corpthis Q -22%·11q
- 8MSFTport1.9%val$376MMicrosoft Corpthis Q hold·5q
- 9UNHport0.8%val$163MUnitedhealth Group Incthis Q New·—1q
- 10DISport0.7%val$146MWalt Disney Co/thethis Q +112%·24q
- 11G25457105port0.4%val$71MCredo Technology Group Holdithis Q +432%·2q
- 12TSMport0.3%val$51MTaiwan Semiconductor-sp Adrthis Q -88%·5q
- 13CRCLport0.1%val$19MCircle Internet Group Incthis Q New·—1q
- 14PLTRport<0.1%val$9MPalantir Technologies Inc-athis Q New·—1q
- 15SNPSport<0.1%val$4MSynopsys Incthis Q New·—1q
- 16CRWDport<0.1%val$4MCrowdstrike Holdings Inc - Athis Q New·—1q
- 17SNOWport<0.1%val$2MSnowflake Incthis Q New·—1q
- 18TEMport<0.1%val$904KTempus AI Inc-cl Athis Q -82%·2q
- 19INODport<0.1%val$386KInnodata Incthis Q New·—1q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| BRK/B | Berkshire Hathaway Inc-cl B | ADD | 21.9% | +27% | $4.38B |
| NVDA | Nvidia Corp | ADD | 12.1% | +91% | $2.41B |
| PDD | Pdd Holdings Inc | ADD | 10.1% | +71% | $2.02B |
| TSLA | Tesla Inc | NEW | 6.3% | +100% | $1.27B |
| GOOG | Alphabet Inc-cl C | ADD | 5.3% | +100% | $1.06B |
| OXY | Occidental Petroleum Corp | TRIM | 3.3% | -22% | $667M |
| BABA | Alibaba Group Holding-sp Adr | EXIT | 2.1% | -100% | $0 |
| TSM | Taiwan Semiconductor-sp Adr | TRIM | 0.3% | -88% | $51M |
| UNH | Unitedhealth Group Inc | NEW | 0.8% | +100% | $163M |
| DIS | Walt Disney Co/the | ADD | 0.7% | +112% | $146M |
| G25457105 | Credo Technology Group Holdi | ADD | 0.4% | +432% | $71M |
| CRWV | Coreweave Inc-cl A | EXIT | 0.1% | -100% | $0 |
| CRCL | Circle Internet Group Inc | NEW | 0.1% | +100% | $19M |
| ASML | Asml Holding N V | EXIT | 0.1% | -100% | $0 |
| PLTR | Palantir Technologies Inc-a | NEW | <0.1% | +100% | $9M |
| TEM | Tempus AI Inc-cl A | TRIM | <0.1% | -82% | $904K |
| SNPS | Synopsys Inc | NEW | <0.1% | +100% | $4M |
| CRWD | Crowdstrike Holdings Inc - A | NEW | <0.1% | +100% | $4M |
| SNOW | Snowflake Inc | NEW | <0.1% | +100% | $2M |
| INOD | Innodata Inc | NEW | <0.1% | +100% | $386K |
- ADDBRK/B21.9%Berkshire Hathaway Inc-cl BΔ +27%·$4.38B
- ADDNVDA12.1%Nvidia CorpΔ +91%·$2.41B
- ADDPDD10.1%Pdd Holdings IncΔ +71%·$2.02B
- NEWTSLA6.3%Tesla IncΔ +100%·$1.27B
- ADDGOOG5.3%Alphabet Inc-cl CΔ +100%·$1.06B
- TRIMOXY3.3%Occidental Petroleum CorpΔ -22%·$667M
- EXITBABA2.1%Alibaba Group Holding-sp AdrΔ -100%·$0
- TRIMTSM0.3%Taiwan Semiconductor-sp AdrΔ -88%·$51M
- NEWUNH0.8%Unitedhealth Group IncΔ +100%·$163M
- ADDDIS0.7%Walt Disney Co/theΔ +112%·$146M
- ADDG254571050.4%Credo Technology Group HoldiΔ +432%·$71M
- EXITCRWV0.1%Coreweave Inc-cl AΔ -100%·$0
- NEWCRCL0.1%Circle Internet Group IncΔ +100%·$19M
- EXITASML0.1%Asml Holding N VΔ -100%·$0
- NEWPLTR<0.1%Palantir Technologies Inc-aΔ +100%·$9M
- TRIMTEM<0.1%Tempus AI Inc-cl AΔ -82%·$904K
- NEWSNPS<0.1%Synopsys IncΔ +100%·$4M
- NEWCRWD<0.1%Crowdstrike Holdings Inc - AΔ +100%·$4M
- NEWSNOW<0.1%Snowflake IncΔ +100%·$2M
- NEWINOD<0.1%Innodata IncΔ +100%·$386K
Frequently asked questions
- What stocks does Duan Yongping own?
- As of 2026Q1, Duan Yongping's 13F discloses 19 positions worth $20.00B. The top five holdings: AAPL (36.7%), BRK/B (21.9%), NVDA (12.1%), PDD (10.1%), TSLA (6.3%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Duan Yongping buy this quarter?
- In 2026Q1, the filing shows 8 new positions and 6 additions to existing holdings. The largest positions touched by buying: BRK/B, NVDA, PDD, TSLA, GOOG.
- How big is Duan Yongping's portfolio?
- $20.00B across 19 positions per the latest 13F (filed May 19, 2026). The top five holdings account for 87% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001759760). Not investment advice.