Evergrande's latest position disclosure: Reduced holding of Apple, increased focus on AI, Nvidia holding increased by over 1100%

BlockBeats News, February 18th. This morning, the well-known investor Duan Yongping's investment company, H&H International Investment, submitted its 13F filing disclosing its U.S. stock holdings as of the fourth quarter of 2025. The year-end total holding value is approximately $17.489 billion, a 19% increase from Q3's $14.7 billion. The company held 14 stocks, with the top ten positions accounting for a high concentration of 99.66%. The investment style remains highly focused on value stocks and AI-related opportunities. The top five holdings are as follows: Apple (AAPL) at 50.30%, Berkshire Hathaway B (BRK.B) at 20.63%, NVIDIA (NVDA) at 7.72%, Pinduoduo (PDD) at 7.48%, and Google C (GOOG) at 3.33%.

Its major changes in holdings in the last quarter of last year were a significant reduction in Apple holdings and an increase in the layout of the AI industry chain, including:

Apple's holdings decreased by approximately 7.09%, selling off 2.47 million shares;

NVIDIA's holdings increased by over 1100%, surging from around 600,000 shares in Q3 to approximately 7.24 million shares, becoming the third-largest position in its portfolio;

Berkshire Hathaway B's holdings increased by over 38.24%, adding nearly 2 million shares as a defensive investment;

Pinduoduo's holdings increased by around 34.55%, adding nearly 3 million shares, demonstrating its value investment philosophy of buying more as the price falls;

Microsoft and TSMC's holdings increased significantly by 207% and 371%, respectively, both being key players in the AI industry chain;

Initiated positions in 3 AI-related stocks as a small test, including CoreWeave (CRWV), a leader in cloud-based AI computing power rental, accounting for approximately 0.12% of its holdings; Credo Technology (CRDO), providing data center interconnect solutions, accounting for approximately 0.12% of its holdings; and Tempus AI (TEM), an AI-enabled precision medicine company, accounting for approximately 0.04% of its holdings.

In 2025, Duan Yongping continues to adhere to the value investment philosophy of "the great dao has no form, but I have style," heavily investing in well-known companies with a highly concentrated portfolio, with the top five holdings accounting for over 89%. However, there is a significant increase in the allocation to the entire AI industry chain, covering core chips, infrastructure, and applications. In a deep interview on Xueqiu's "Strategies" in November 2025, Duan Yongping mentioned, "I think you should invest a little and take a look at AI. At least get involved a bit. Missing it completely seems a bit inappropriate."

Additionally, Dong Yongping's current top holdings in A-share and H-share markets are Guizhou Moutai and Tencent Holdings. On January 21, he added 20,000 shares of Moutai near 1400 yuan and also holds a small amount of coal stock China Shenhua.