Duan Yongping
H&H International Investment
2026Q1 brief
Duan Yongping's $20B H&H International portfolio delivered a few high-conviction signals in Q1 2026. The headline is a near-doubling of NVDA (now 12.1%, +91%) and a fresh initiation of TSLA at 6.3%—together adding roughly $3B in new semiconductor and EV exposure in a single quarter, reflecting growing belief in AI compute and autonomous driving narratives. GOOG was essentially doubled to 5.3% (+100%), and PDD surged 71% to 10.1%, suggesting Duan views the tariff-related selloff in Chinese e-commerce as an opportunity. The full exit of BABA—which was a notable legacy holding—is significant: capital appears to be rotating from Alibaba's conglomerate-restructuring story into PDD's leaner, faster-growing model. AAPL remains the anchor at 36.7% and BRK/B grew to 21.9%, so the top two alone represent 58% of AUM—extreme concentration. The near-total exit from TSM (-88%) despite the NVDA build is a curious divergence from peers. Watch whether TSLA gets scaled toward a top-five slot or remains a speculative starter in the next filing.
AI-generated. Not investment advice.
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 |
- 1AAPL36.7%$7.35BApple Incthis Q hold·29q
- 2BRK/B21.9%$4.38BBerkshire Hathaway Inc-cl Bthis Q +27%·29q
- 3NVDA12.1%$2.41BNvidia Corpthis Q +91%·5q
- 4PDD10.1%$2.02BPdd Holdings Incthis Q +71%·15q
- 5TSLA6.3%$1.27BTesla Incthis Q New·—1q
- 6GOOG5.3%$1.06BAlphabet Inc-cl Cthis Q +100%·29q
- 7OXY3.3%$667MOccidental Petroleum Corpthis Q -22%·11q
- 8MSFT1.9%$376MMicrosoft Corpthis Q hold·5q
- 9UNH0.8%$163MUnitedhealth Group Incthis Q New·—1q
- 10DIS0.7%$146MWalt Disney Co/thethis Q +112%·24q
- 11G254571050.4%$71MCredo Technology Group Holdithis Q +432%·2q
- 12TSM0.3%$51MTaiwan Semiconductor-sp Adrthis Q -88%·5q
- 13CRCL0.1%$19MCircle Internet Group Incthis Q New·—1q
- 14PLTR<0.1%$9MPalantir Technologies Inc-athis Q New·—1q
- 15SNPS<0.1%$4MSynopsys Incthis Q New·—1q
- 16CRWD<0.1%$4MCrowdstrike Holdings Inc - Athis Q New·—1q
- 17SNOW<0.1%$2MSnowflake Incthis Q New·—1q
- 18TEM<0.1%$904KTempus AI Inc-cl Athis Q -82%·2q
- 19INOD<0.1%$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 |
| CRWD | Crowdstrike Holdings Inc - A | NEW | <0.1% | +100% | $4M |
| SNPS | Synopsys Inc | 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
- NEWCRWD<0.1%Crowdstrike Holdings Inc - AΔ +100%·$4M
- NEWSNPS<0.1%Synopsys IncΔ +100%·$4M
- NEWSNOW<0.1%Snowflake IncΔ +100%·$2M
- NEWINOD<0.1%Innodata IncΔ +100%·$386K
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001759760). Not investment advice.