H&H International

Q1 2026 13F · by Duan Yongping, founder

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

+17.6 pp in · −17.6 pp out

Very concentrated · behaves like 5 equal-sized positions

Moderate turnover · 37% a year, about 2.7 years per position


AAPLApple Inc.	36.72%	28,945,607	$7.3B	trimmed−11%	−13.58 pp	30 q
BRK.BBERKSHIRE HATHAWAY Class B	21.91%	9,147,796	$4.4B	added+27%	+1.28 pp	30 q
NVDANvidia Corp	12.07%	13,843,775	$2.4B	added+91%	+4.35 pp	5 q
PDDPDD Holdings Inc.	10.09%	19,748,294	$2.0B	added+71%	+2.61 pp	9 q
TSLATesla, Inc.	6.34%	3,408,900	$1.3B	new	+6.34 pp	new
GOOGAlphabet Inc. Class C	5.31%	3,706,000	$1.1B	added+100%	+1.98 pp	30 q
OXYOccidental Petroleum Corporation	3.33%	10,261,500	$667M	trimmed−22%	+0.23 pp	10 q
MSFTMicrosoft Corp	1.88%	1,016,000	$376M	added+18%	−0.50 pp	5 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.81%	601,400	$163M	new	+0.81 pp	new
DISThe Walt Disney Company	0.73%	1,511,800	$146M	added×2.1	+0.27 pp	25 q
CRDOCredo Technology Group Holding Ltd	0.35%	751,200	$71M	added×5.3	+0.23 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.26%	151,200	$51M	trimmed−88%	−1.87 pp	5 q
CRCLCircle Internet Group, Inc.	0.10%	200,000	$19M	new	+0.10 pp	new
PLTRPalantir Technologies Inc. Class A	0.04%	60,000	$9M	new	+0.04 pp	new
CRWDCrowdStrike Holdings, Inc. Class A	0.02%	10,000	$4M	new	+0.02 pp	new
SNPSSynopsys Inc	0.02%	10,000	$4M	new	+0.02 pp	new
SNOWSnowflake Inc.	0.01%	10,000	$2M	new	+0.01 pp	new
INODInnodata Inc.	0.00%	10,000	$386,200	new	0.00 pp	new
TEMTempus AI, Inc. Class A	0.00%	20,000	$904,400	trimmed−82%	−0.04 pp	2 q
BABAAlibaba Group Holding Limited	—	−2,560,500	—	exited	−2.15 pp	—
CRWVCoreWeave, Inc. Class A	—	−299,900	—	exited	−0.12 pp	—
ASMLASML Holding NV	—	−9,900	—	exited	−0.06 pp	—