An In-Depth Look at Duan Yongping's Q1 2026 Investment Moves

The recently filed SEC Form 13F for H&H International Investment, managed by renowned investor Duan Yongping, reveals an investment portfolio valued at approximately $20.004 billion as of March 31, 2026. This disclosure offers a window into the asset allocation strategy of a major investment figure amidst the current economic landscape.

Core Holdings: A Bedrock of Tech and Value Titans

The foundation of the portfolio remains firmly anchored by a select group of global industry leaders, underscoring a continued preference for companies with durable competitive advantages and sustained profitability.

  • Apple Inc. (AAPL): A holding of nearly 28.9 million shares, valued around $7.35 billion, retains its position as the top holding.
  • Berkshire Hathaway (BRK.B): Approximately 9.15 million shares worth about $4.38 billion, reflecting confidence in this paragon of value investing.
  • NVIDIA Corporation (NVDA): Over 13.84 million shares valued at roughly $2.41 billion, maintaining a strategic bet on the core hardware driving AI advancement.
  • PDD Holdings (PDD) and Tesla, Inc. (TSLA) also command significant portions of the portfolio, with holdings worth approximately $2.02 billion and $1.27 billion, respectively.

The New Addition: A Foray into Digital Finance Infrastructure

The most notable update this quarter is the initiation of a position in the fintech firm Circle. Duan Yongping acquired 200,000 shares, which were valued at approximately $19.08 million at quarter-end, constituting about 0.1% of the total portfolio. While the allocation is modest, this move is widely interpreted as an expansion of his investment horizon into frontier areas like blockchain and digital dollar infrastructure. As a leading issuer of a major global stablecoin, Circle operates at the intersection of traditional finance and the crypto ecosystem. This new position potentially signals Duan's long-term perspective on the evolution of future payment and settlement systems.

Overall, Duan Yongping's portfolio continues to reflect his hallmark principle of concentrated investments in well-understood businesses, while cautiously exploring emerging sectors through small, new positions—striking a balance between steadfastness and strategic evolution.