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'Chinese Buffett' Duan Yongping Builds Major Stake in Tesla (TSLA.US) in 1Q, Exits Alibaba (BABA.US)
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H&H International Investment, a fund managed by veteran mainland investor Duan Yongping, who is known as the "Chinese Buffett", disclosed that its total equity holdings reached USD20 billion in 1Q, representing a QoQ increase of about 16%. The number of portfolio companies elevated to 19, including eight new positions established during the quarter. During 1Q, the fund built a major new stake in Tesla, Inc. (TSLA.US), acquiring a total of 3.4 million shares with a market value of USD1.267 billion at the end of the period, making it the fund's fifth-largest holding. The fund also substantially added its stake in NVIDIA Corporation (NVDA.US), increasing more than 6.6 million shares in the quarter, lifting its shareholding ratio to 12.07%. The fund continued to raise its position in PDD Holdings Inc. (PDD.US), increasing its stake by more than 8 million shares during the quarter, with its shareholding ratio rising to 10.09% and a market value of USD2 billion at period-end. However, the fund reduced its holdings in Apple Inc. (AAPL.US) by 3.41 million shares, representing a 10.55% decrease, with the remaining stake valued at approximately USD7.346 billion. In addition to Apple Inc., the fund also trimmed positions in Occidental Petroleum Corporation (OXY.US) and Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US). Meanwhile, it fully exited its positions in Alibaba Group Holding Limited (BABA.US), ASML and CoreWeave, Inc. (CRWV.US). AASTOCKS Financial News |
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