Duan Yongping's F13 holdings: Increased holdings in Apple and Occidental Petroleum in Q1, reduced holdings in Google and Berkshire Hathaway

Recently, H&H International Investment, managed by Duan Yongping, released its F13 holdings report:

In the first quarter, they increased their holdings in Apple by 4.86 million shares, representing an increase of 8.14% compared to the previous quarter, and now holding 0.4% of Apple's shares. In contrast, Warren Buffett reduced his Apple holdings by 116 million shares in the first quarter, lowering his stake to around 40%, still making it Berkshire Hathaway's largest holding.

Given Apple's stock price trend, Duan Yongping's increased holdings in the first quarter likely resulted in substantial profits.

They also increased their holdings in Alibaba and Occidental Petroleum (OXY), with the largest increase in Occidental Petroleum (OXY) at 157.8%.

Their new position in Pinduoduo (PDD) involved buying 110,000 shares.

They reduced their holdings in Berkshire Hathaway and Google, and completely divested from JOYY Inc.

According to data from WhaleWisdom, as of March 25, 2024 (the deadline for the F13 holdings report), H&H International Investment's total holdings were valued at $14.19 billion (data may have some lag compared to real-time market value).

The peak disclosed market value was in Q2 2023, reaching $14.78 billion:

Duan Yongping's holdings changes have attracted significant market attention. As a staunch follower of Warren Buffett, he tends to hold positions for the long term and adjusts them based on market conditions.

Unlike most hedge funds, Duan Yongping's holdings have distinctive characteristics, with only 10 stocks in the portfolio, and Apple being the largest holding at a high proportion of 79.54%. Additionally, Duan Yongping has previously stated on social media that he is a believer in being fully invested