Duan Yongping makes a move! Adds to the position in the giant by over 1110%

【Introduction】Duan Yongping’s Q4 Holdings Revealed

According to 13F holdings disclosures, like Buffett’s Berkshire Hathaway, Duan Yongping’s H&H International Investment also reduced its Apple holdings in Q4 2025.

Additionally, it is worth noting that Duan Yongping is heavily betting on AI. He not only significantly increased his position in Nvidia but also established positions in three AI industry chain stocks: CoreWeave, Credo, and Tempus.

Large-Scale Reduction of Apple

The 13F holdings disclosure shows that in Q4 2025, Duan Yongping reduced holdings in Apple, Occidental Petroleum, Alibaba, Disney, and Asm.

Although Apple remains Duan Yongping’s top holding, the reduction exceeded 7% of his position, totaling a decrease of 2.4706 million shares.

Overall, Duan Yongping bought and held Apple long-term as early as 2011. He listed five main reasons for his fondness for Apple, including exceptional user experience, mature platform ecosystem, single-product model, efficient marketing, and huge market potential. He believes Apple’s business model is better than Coca-Cola’s because of high customer loyalty; even after raising prices, users still buy, forming a strong “moat.”

However, in the first quarter last year, Duan Yongping significantly reduced his Apple holdings, selling 6.64 million shares; in the second quarter, he slightly increased by 890,000 shares; in the third quarter, he reduced by 289,500 shares; and in Q4, he again made a large reduction.

Interestingly, the latest disclosed documents show that in Berkshire Hathaway’s last quarter before Buffett stepped down as CEO, the company made significant adjustments to its tech stock holdings, including a large reduction in Apple.

Nvidia Holdings Surge by 1110%

After establishing a position in Nvidia in Q1 2025, Duan Yongping suddenly made a major move in Q4, increasing his holdings by 6.6393 million shares, a surge of 1110.62%, bringing his total to 7.2371 million shares. The market value of his Nvidia holdings soared to $1.35 billion, making it his third-largest position (accounting for 7.72%, up from 0.76% in the previous quarter).

In a conversation with Snowball founder Fang Sanwen in 2025, Duan Yongping said: “Nvidia is indeed impressive. I watched many videos of Jensen Huang, and I really admire him. What he said over ten years ago is the same as today. He saw it early and has been working toward that direction. So now I have to think: what he’s talking about still aligns with the future. I think I should invest a little and see. AI is something I think I should at least get involved in, don’t miss out.”

Additionally, Duan Yongping established positions in CoreWeave, Credo, and Tempus, covering three key nodes of the AI industry chain: computing power, connectivity, and application. The new positions are 299,900 shares, 141,300 shares, and 110,000 shares respectively.

CRWV is a Nasdaq-listed dedicated cloud service provider focused on AI and high-performance computing. The company is deeply integrated with Nvidia, mainly renting out Nvidia’s high-end GPU computing power for AI training/inference, high-performance computing, rendering, and more.

CRDO is a leading semiconductor company listed on Nasdaq, specializing in active cables and high-speed chips, serving as the “vascular” supplier for AI computing networks.

TEM is a Nasdaq-listed AI-driven precision medical company, focusing on tumor diagnosis and treatment, medical big data, and AI applications, regarded as a benchmark enterprise in the medical AI field.

In early January this year, in his New Year outlook, Duan Yongping said that in the new year, he needs to seriously learn how to use AI, hoping to understand AI well enough to “dare to make heavy bets.”

“This stuff is really getting more interesting the more I use it. It feels like the world is a little different now. It’s hard to imagine what this world will look like in ten years, but it’s very likely to change more than in the past ten, twenty, or even forty years,” Duan Yongping said.

Produced by Xiao Mo