Yongping Duan's Q1 Portfolio Overview: Increased Position in NVIDIA and Pinduoduo, Exited Alibaba and Other Core Holdings

May 19: H&H International Investment LLC, overseen by Yongping Duan, filed its Q1 2026 13F holdings report with the U.S. Securities and Exchange Commission (SEC). The filing reveals the fund’s total portfolio value hit roughly $200.04 billion—a sharp rise from the prior quarter—with its number of holdings expanding from 14 to 19. Top five major holdings—Apple (AAPL), Berkshire Hathaway (BRK.B), NVIDIA (NVDA), Pinduoduo (PDD), and Alphabet (GOOG)—still make up nearly 90% of the portfolio. Apple’s stake is valued at ~$7.346 billion (36.72% of the total), with 28,945,607 shares: a roughly 10.55% drop from Q4, as H&H sold around 3.41 million shares. Berkshire Hathaway’s holding stands at $4.384 billion (21.91% of the portfolio) with 9,147,796 shares, marking a 27.47% gain, driven by the fund adding ~1.97 million shares to its position. NVIDIA was the quarter’s standout pick: its holding hit $2.414 billion (12.07% of the portfolio) with 13,843,775 shares, an eye-popping 91.29% increase, thanks to H&H buying roughly 6.6 million shares—greatly boosting the fund’s exposure to high-growth tech. Pinduoduo’s stake is worth ~$2.018 billion (10.09% of the portfolio) with 19,748,294 shares, up 71.18% as H&H added some 8.21 million shares. Alphabet’s position rose nearly 100% to 3,706,000 shares, valued at $1.063 billion. Tesla (TSLA) is a newly added major holding: H&H picked up 3,408,900 shares worth $1.267 billion, accounting for 6.34% of the portfolio. Occidental Petroleum (OXY)’s stake fell 22.10% to 10,261,500 shares, currently worth ~$667 million. Other portfolio moves: Microsoft (MSFT)’s position climbed 18.28% to 1,016,000 shares, valued at $376 million; Disney (DIS) upped its stake by 112.33% to 1,511,800 shares; and H&H slashed its TSMC (TSM) holding by a sharp 87.65% to just 151,200 shares. New or marginally increased positions include Circle Internet Group (200,000 shares), CrowdStrike (10,000 shares), Palantir (60,000 shares), Snowflake (10,000 shares), Synopsys (10,000 shares), and Innodata (10,000 shares), among others. Conversely, H&H fully exited or heavily pared its holdings in Alibaba (BABA), ASML, Coreweave, and other stocks. Overall, H&H maintained its focus on high-quality tech, consumer, and value stocks in Q1, hiking stakes in core positions like NVIDIA, Pinduoduo, and Berkshire Hathaway while diversifying moderately into emerging AI-related plays. This underscores its ability to adapt its long-term value investing approach to current market conditions. H&H International’s portfolio shifts signal its ongoing confidence in U.S. tech giants and top-tier Chinese internet firms. Note that this 13F filing is public data reflecting only holdings as of quarter-end, not real-time trading activity or the fund’s full investment strategy.