加载中…
Investors / Duan Yongping / H&H
H&H International AI Portfolio
$20B 13F book · 60%+ in AI value chain · concentrated single-name bet on AAPL
13F
19 positions · Q1 2026AI holdings · 12 tickers
$12.61B| # | Ticker | Company | Layer | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | $7.3B | 36.7% | ||||
| 2 |
Duan Yongping's total US 13F AUM is $20B (Q1 2026). This page surfaces the AI value chain portion. His Hong Kong holdings (Tencent) and A-share holdings (Kweichow Moutai) are outside 13F coverage and not part of the AI value chain. Separately, his five-year China-internet rotation is now closed: he opened a BABA position in 2021-Q2 ($263M), grew it to a $578M peak in 2024-Q3, and fully exited by 2026-Q1 — visible in the timeline below.
13G/13D
0 active stakes · SEC ≥5% filingsNo active major stakes since latest 13F.
Per SEC rules, investors must disclose ≥5% positions within 5-10 days of crossing the threshold; this section reflects filings since the latest 13F.
Holdings Timeline
Include non-AI changes (7)
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
AAPL
TRIM−3M
ADD+386K
TRIM−1M
ADD+5M
TRIM−659K
TRIM−11M
TRIM−12M
TRIM−7M
ADD+894K
TRIM−290K
TRIM−2M
TRIM−3M
NVDA
—
—
—
—
—
—
—
NEW+645K
ADD+320K
TRIM−367K
ADD+7M
ADD+7M
TSLA
—
—
—
—
—
—
—
—
—
—
—
NEW+3M
GOOG
TRIM−510K
TRIM−200K
HOLD
TRIM−250K
TRIM−100K
ADD+40K
TRIM−1M
TRIM−3M
ADD+835K
TRIM−135K
ADD+45K
ADD+2M
MSFT
—
—
—
—
—
—
—
NEW+299K
TRIM−20K
HOLD
ADD+580K
ADD+157K
CRDO
—
—
—
—
—
—
—
—
—
—
—
NEW+751K
TSM
—
—
—
—
—
—
—
NEW+272K
TRIM−12K
HOLD
ADD+964K
TRIM−1M
PLTR
—
—
—
—
—
—
—
—
—
—
—
NEW+60K
SNPS
—
—
—
—
—
—
—
—
—
—
—
NEW+10K
CRWD
—
—
—
—
—
—
—
—
—
—
—
NEW+10K
SNOW
—
—
—
—
—
—
—
—
—
—
—
NEW+10K
TEM
—
—
—
—
—
—
—
—
—
—
NEW+110K
TRIM−90K
BABA
ADD+391K
TRIM−467K
ADD+2M
ADD+886K
ADD+462K
TRIM−863K
ADD+7K
TRIM−1M
TRIM−236K
TRIM−969K
TRIM−217K
DROP
ASML
—
—
—
—
—
—
—
—
—
NEW+80K
TRIM−70K
DROP
CRWV
—
—
—
—
—
—
—
—
—
—
NEW+300K
DROP
NEW
ADD
HOLD
TRIM (light → heavy)
Not held
Hover any cell for share + value delta| Period | Action | Ticker | Δ Shares | Δ Value |
|---|---|---|---|---|
| Q1 2026 | TRIM | AAPL | -3,412,900 | $-1.5B |
| Q1 2026 | NEW | TSLA | +3,408,900 | +$1.3B |
| Q1 2026 | ADD | NVDA | +6,606,675 | +$1.1B |
| Q1 2026 | ADD | GOOG | +1,850,600 | +$480.9M |
| Q1 2026 | DROP | BABA | -2,560,500 | $-375.3M |
| Q1 2026 | TRIM | TSM | -1,073,184 | $-321M |
| Q1 2026 | NEW | CRDO | +751,200 | +$70.5M |
| Q1 2026 | ADD | MSFT | +157,000 | $-39.3M |
| Q1 2026 | DROP | CRWV | -299,900 | $-21.5M |
| Q1 2026 | DROP | ASML | -9,900 | $-10.6M |
| Q1 2026 | NEW | PLTR | +60,000 | +$8.8M |
| Q1 2026 | TRIM | TEM | -90,000 | $-5.6M |
| Q1 2026 | NEW | SNPS | +10,000 | +$4M |
| Q1 2026 | NEW | CRWD | +10,000 | +$3.9M |
| Q1 2026 | NEW | SNOW | +10,000 | +$1.5M |
| Q4 2025 | ADD | NVDA | +6,639,300 | +$1.2B |
| Q4 2025 | ADD | TSM | +964,400 | +$299.5M |
| Q4 2025 | ADD | MSFT | +579,800 | +$270.8M |
| Q4 2025 | ADD | GOOG | +44,900 | +$141.3M |
| Q4 2025 | TRIM | BABA | -216,830 | $-121.1M |
| Q4 2025 | TRIM | AAPL | -2,470,600 | $-71.6M |
| Q4 2025 | TRIM | ASML | -70,100 | $-66.9M |
| Q4 2025 | NEW | CRWV | +299,900 | +$21.5M |
| Q4 2025 | NEW | TEM | +110,000 | +$6.5M |
| Q3 2025 | TRIM | AAPL | -289,500 | +$1.7B |
| Q3 2025 | TRIM | GOOG | -134,900 | +$95.9M |
| Q3 2025 | NEW | ASML | +80,000 | +$77.4M |
| Q3 2025 | TRIM | BABA | -968,900 | +$71.5M |
| Q3 2025 | TRIM | NVDA | -367,000 | $-40.9M |
| Q2 2025 | ADD | AAPL | +894,426 | $-396.9M |
| Q2 2025 | ADD | GOOG | +834,800 | +$171.6M |
| Q2 2025 | TRIM | BABA | -235,900 | $-101.7M |
| Q2 2025 | ADD | NVDA | +319,700 | +$82.5M |
| Q2 2025 | TRIM | MSFT | -20,000 | +$26.6M |
| Q2 2025 | TRIM | TSM | -11,808 | +$13.8M |
| Q1 2025 | TRIM | AAPL | -6,640,396 | $-2.6B |
| Q1 2025 | TRIM | GOOG | -2,655,900 | $-543.8M |
| Q1 2025 | NEW | MSFT | +299,200 | +$112.3M |
| Q1 2025 | NEW | NVDA | +645,100 | +$69.9M |
| Q1 2025 | TRIM | BABA | -1,468,700 | +$64.4M |
| Q1 2025 | NEW | TSM | +271,792 | +$45.1M |
| Q4 2024 | TRIM | AAPL | -11,904,578 | $-2.1B |
| Q4 2024 | TRIM | GOOG | -1,299,800 | $-129.7M |
| Q4 2024 | ADD | BABA | +7,100 | $-115.5M |
| Q3 2024 | TRIM | AAPL | -11,155,100 | $-1.2B |
| Q3 2024 | TRIM | BABA | -863,100 | +$123.6M |
| Q3 2024 | ADD | GOOG | +40,300 | $-74.8M |
| Q2 2024 | TRIM | AAPL | -658,838 | +$2.4B |
| Q2 2024 | TRIM | GOOG | -100,000 | +$141.4M |
| Q2 2024 | ADD | BABA | +461,500 | +$31.1M |
| Q1 2024 | ADD | AAPL | +4,860,022 | $-423.8M |
| Q1 2024 | ADD | BABA | +886,100 | +$38.6M |
| Q1 2024 | TRIM | GOOG | -250,100 | +$22.8M |
| Q4 2023 | TRIM | AAPL | -1,296,880 | +$1.1B |
| Q4 2023 | ADD | BABA | +1,918,730 | +$120.7M |
| Q3 2023 | ADD | AAPL | +385,977 | $-1.3B |
| Q3 2023 | TRIM | GOOG | -199,800 | +$34.3M |
| Q3 2023 | TRIM | BABA | -467,100 | $-28.6M |
| Q2 2023 | TRIM | AAPL | -2,628,900 | +$1.3B |
| Q2 2023 | TRIM | GOOG | -509,500 | +$41.6M |
| Q2 2023 | ADD | BABA | +390,500 | $-26.1M |
| Q1 2023 | ADD | AAPL | +2,030,174 | +$2.5B |
| Q1 2023 | ADD | GOOG | +110,200 | +$102.7M |
| Q1 2023 | ADD | BABA | +12,700 | +$45M |
| Q4 2022 | ADD | AAPL | +11,474,600 | +$1.1B |
| Q4 2022 | ADD | GOOG | +955,000 | +$47.5M |
| Q4 2022 | ADD | BABA | +187,900 | +$40.2M |
| Q3 2022 | ADD | AAPL | +7,257,000 | +$1.1B |
| Q3 2022 | ADD | BABA | +99,100 | $-87M |
| Q3 2022 | ADD | GOOG | +4,799,900 | +$797K |
| Q2 2022 | ADD | AAPL | +7,090,400 | $-372.3M |
| Q2 2022 | ADD | GOOG | +82,200 | +$96.2M |
| Q2 2022 | ADD | BABA | +199,800 | +$35.5M |
| Q1 2022 | ADD | AAPL | +5,337,000 | +$842.9M |
| Q1 2022 | ADD | GOOG | +118,100 | +$327.8M |
| Q1 2022 | ADD | BABA | +87,400 | $-15.8M |
| Q4 2021 | TRIM | AAPL | -5,238,700 | +$343.5M |
| Q4 2021 | ADD | BABA | +93,100 | $-60.3M |
| Q4 2021 | ADD | GOOG | +10,000 | +$31.2M |
| Q3 2021 | TRIM | AAPL | -4,101,600 | $-401.4M |
| Q3 2021 | ADD | BABA | +1,277,700 | +$97.9M |
| Q2 2021 | ADD | AAPL | +4,125,800 | +$1.1B |
| Q2 2021 | TRIM | GOOG | -270,000 | $-554.2M |
| Q2 2021 | NEW | BABA | +1,159,400 | +$262.9M |
| Q1 2021 | ADD | AAPL | +7,186,900 | +$581.7M |
| Q1 2021 | DROP | AMZN | -60,000 | $-195.4M |
| Q1 2021 | ADD | GOOG | +1,100 | +$90.6M |
| Q1 2021 | DROP | META | -40,000 | $-10.9M |
| Q4 2020 | ADD | AAPL | +529,300 | +$535.6M |
| Q4 2020 | ADD | GOOG | +20,000 | +$108.1M |
| Q3 2020 | ADD | AAPL | +20,364,600 | +$563.9M |
| Q3 2020 | TRIM | META | -590,400 | $-132.7M |
| Q3 2020 | ADD | GOOG | +80,000 | +$127.6M |
| Q2 2020 | ADD | AAPL | +549,800 | +$936.3M |
| Q2 2020 | TRIM | META | -316,000 | $-14.7M |
| Q2 2020 | TRIM | AMZN | -28,500 | $-7M |
| Q1 2020 | ADD | AAPL | +3,410,600 | +$739.5M |
| Q1 2020 | TRIM | AMZN | -81,500 | $-141.6M |
| Q1 2020 | ADD | META | +49,900 | $-26.1M |
| Q1 2020 | ADD | GOOG | +18,900 | $-5.9M |
| Q4 2019 | ADD | AMZN | +130,000 | +$244.7M |
| Q4 2019 | TRIM | AAPL | -192,100 | +$183.2M |
| Q4 2019 | TRIM | GOOG | -30,000 | $-17.7M |
| Q4 2019 | TRIM | META | -150,000 | $-2.4M |
| Q3 2019 | ADD | GOOG | +19,400 | +$47.2M |
| Q3 2019 | TRIM | AAPL | -438,800 | $-15.1M |
| Q3 2019 | ADD | AMZN | +10,000 | +$12.6M |
| Q3 2019 | ADD | META | +138,100 | +$11M |
| Q2 2019 | ADD | AAPL | +550,300 | +$153.3M |
| Q2 2019 | ADD | GOOG | +90,600 | +$90.5M |
| Q2 2019 | ADD | AMZN | +10,000 | +$21.2M |
| Q1 2019 | ADD | AAPL | +628,200 | +$206.3M |
| Q1 2019 | ADD | META | +12,200 | +$33.9M |
| Q1 2019 | ADD | GOOG | +10,000 | +$21.4M |
| Q1 2019 | ADD | AMZN | +10,000 | +$20.6M |