Duan Yongping portfolio & holdings
H&H International Investment
Historical clone performance and limitations
Duan Yongping (H&H International Investment) discloses a $19.10B portfolio across 18 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is AAPL at 41.1% of the book.
A material reported change · Q2 2026
Duan Yongping reduced reported NVDA shares by 54.6%.
Holdings as of Jun 30, 2026 · filed Aug 14, 2026. Position at period end: 6.6% of the reported portfolio. The filing does not reveal the trade date, price, or reason.
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Holdings (18) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | AAPL | 41.1% | $7.84B | |||
| 2 | BRK/B | 24.2% | $4.62B | |||
| 3 | PDD | 10.0% | $1.91B | |||
| 4 | TSLA | 7.4% | $1.42B | |||
| 5 | NVDA | 6.6% | $1.26B | |||
| 6 | GOOG | 3.6% | $696M | |||
| 7 | OXY | 2.6% | $498M | |||
| 8 | MSFT | 1.5% | $281M | |||
| 9 | G25457105 | 1.0% | $191M | |||
| 10 | UNH | 0.9% | $166M | |||
| 11 | DIS | 0.9% | $164M | |||
| 12 | BABA | 0.2% | $29M | |||
| 13 | CRCL | 0.1% | $13M | |||
| 14 | PLTR | <0.1% | $7M | |||
| 15 | SNPS | <0.1% | $4M | |||
| 16 | SNOW | <0.1% | $3M | |||
| 17 | TEM | <0.1% | $1M | |||
| 18 | INOD | <0.1% | $756K |
- 1AAPLport41.1%val$7.84BApple Incthis Q hold·30q
- port24.2%val$4.62BBerkshire Hathaway Inc-cl Bthis Q hold·30q
- 3PDDport10.0%val$1.91BPdd Holdings Incthis Q +27%·16q
- 4TSLAport7.4%val$1.42BTesla Incthis Q hold·2q
- 5NVDAport6.6%val$1.26BNvidia Corpthis Q -55%·6q
- 6GOOGport3.6%val$696MAlphabet Inc-cl Cthis Q -47%·30q
- 7OXYport2.6%val$498MOccidental Petroleum Corpthis Q hold·12q
- 8MSFTport1.5%val$281MMicrosoft Corpthis Q -26%·6q
- 9G25457105port1.0%val$191MCredo Technology Group Holdithis Q hold·3q
- 10UNHport0.9%val$166MUnitedhealth Group Incthis Q -34%·2q
- 11DISport0.9%val$164MWalt Disney Co/thethis Q hold·25q
- 12BABAport0.2%val$29MAlibaba Group Holding-sp Adrthis Q New·19q
- 13CRCLport0.1%val$13MCircle Internet Group Incthis Q hold·2q
- 14PLTRport<0.1%val$7MPalantir Technologies Inc-athis Q hold·2q
- 15SNPSport<0.1%val$4MSynopsys Incthis Q hold·2q
- 16SNOWport<0.1%val$3MSnowflake Incthis Q hold·2q
- 17TEMport<0.1%val$1MTempus AI Inc-cl Athis Q hold·3q
- 18INODport<0.1%val$756KInnodata Incthis Q hold·2q
2026Q2 moves, by size (8)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | TRIM | 6.6% | -55% | $1.26B |
| PDD | Pdd Holdings Inc | ADD | 10.0% | +27% | $1.91B |
| GOOG | Alphabet Inc-cl C | TRIM | 3.6% | -47% | $696M |
| MSFT | Microsoft Corp | TRIM | 1.5% | -26% | $281M |
| UNH | Unitedhealth Group Inc | TRIM | 0.9% | -34% | $166M |
| TSM | Taiwan Semiconductor-sp Adr | EXIT | 0.3% | -100% | $0 |
| BABA | Alibaba Group Holding-sp Adr | NEW | 0.2% | +100% | $29M |
| CRWD | Crowdstrike Holdings Inc - A | EXIT | <0.1% | -100% | $0 |
- TRIMNVDA6.6%Nvidia CorpΔ -55%·$1.26B
- ADDPDD10.0%Pdd Holdings IncΔ +27%·$1.91B
- TRIMGOOG3.6%Alphabet Inc-cl CΔ -47%·$696M
- TRIMMSFT1.5%Microsoft CorpΔ -26%·$281M
- TRIMUNH0.9%Unitedhealth Group IncΔ -34%·$166M
- EXITTSM0.3%Taiwan Semiconductor-sp AdrΔ -100%·$0
- NEWBABA0.2%Alibaba Group Holding-sp AdrΔ +100%·$29M
- EXITCRWD<0.1%Crowdstrike Holdings Inc - AΔ -100%·$0
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.
2026Q2 brief
Duan Yongping's $19.1B H&H International portfolio is defined by extraordinary concentration — AAPL alone sits at 41.1% (~$7.8B) and BRK/B at 24.2%, meaning these two positions control nearly two-thirds of reported assets. The quarter's most meaningful activity was a 26.7% add to PDD (Pinduoduo, now 10.0%), deepening his contrarian China consumer bet even as several peers exit Chinese equities. Conversely, NVDA was cut nearly in half (-54.6% to 6.6%) and GOOG trimmed 46.9% to 3.6% — notable profit-taking from high-flying AI names that have run sharply. A token new position in BABA (0.15%) suggests cautious re-engagement with Chinese internet rather than a conviction build. TSM was fully exited (was 0.26%), and CRWD closed out. The portfolio's extreme concentration in AAPL and BRK/B means Duan's reported moves are almost entirely at the margin; watch whether the PDD build continues or the NVDA trim deepens, as both would signal his evolving view on U.S. vs. China tech valuations.
AI-generated. Not investment advice.
Filing history
Duan Yongping's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 18 | $19.10B |
| Q1 2026 — what changed → | 19 | $20.00B |
| Q4 2025 — what changed → | 14 | $17.49B |
| Q3 2025 — what changed → | 11 | $14.68B |
| Q2 2025 — what changed → | 10 | $11.53B |
| Q1 2025 — what changed → | 11 | $12.00B |
| Q4 2024 holdings | 8 | $14.52B |
| Q3 2024 holdings | 8 | $16.54B |
| Q2 2024 holdings | 9 | $16.63B |
| Q1 2024 holdings | 9 | $14.20B |
| Q4 2023 holdings | 9 | $14.46B |
| Q3 2023 holdings | 9 | $13.28B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Manager evidence
37 material decisions, preserved in sequence.
See what Duan Yongping bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open Duan Yongping's decision evidence →Frequently asked questions
- What stocks does Duan Yongping own?
- As of 2026Q2, Duan Yongping's 13F discloses 18 positions worth $19.10B. The top five holdings: AAPL (41.1%), BRK/B (24.2%), PDD (10.0%), TSLA (7.4%), NVDA (6.6%). 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 2026Q2, the filing shows 1 new position and 1 addition to existing holdings. The largest positions touched by buying: PDD, BABA.
- How big is Duan Yongping's portfolio?
- $19.10B across 18 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 89% of the disclosed book.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001759760). Not investment advice.