Duan Yongping Cuts Nvidia Stake by Over 50% in Q2, Initiates New Position in Alibaba
Nashnova编辑部
Duan Yongping's H&H International sold over half its Nvidia shares and exited TSMC entirely in Q2, while opening a first-ever Alibaba position — the portfolio's overall shift runs from tech hardware toward China-listed consumer names, with Pinduoduo seeing a major add to become the third-largest holding.
How much Nvidia did he actually sell?
H&H sold 7.56 million Nvidia shares in Q2, a 54.63% cut, leaving roughly 6.3 million shares worth about $1.257 billion.
Google Class C was trimmed 46.88%; Microsoft fell 25.78%. TSMC and CrowdStrike were sold to zero.
This means → Duan didn't just lighten one name — he systematically pulled back across the entire U.S. tech-hardware line in a single quarter.
Why open an Alibaba position now?
H&H initiated an Alibaba stake of roughly 301,400 shares, worth about $28.93 million at quarter-end.
In plain terms = that is less than 0.2% of the total portfolio — a toe-in-the-water position, far from a conviction bet.
But set against the broader move — cutting Nvidia, adding Pinduoduo — the signal is clear: capital is rotating from U.S. tech hardware into China consumer plays.
What do the top three holdings look like?
Apple holds the top spot: roughly 27.1 million shares, worth about $7.84 billion, or 41.05% of the portfolio.
Berkshire Hathaway Class B ranks second: about $4.62 billion, a 24.18% weight — also added to this quarter.
Pinduoduo climbs to third: H&H bought 5.27 million more shares (+26.71% quarter-on-quarter), ending at roughly 25.02 million shares worth about $1.91 billion, a 9.99% weight.
What does this reshuffle tell us?
Total portfolio value slipped from roughly $20 billion to about $19.1 billion — net selling exceeded net buying.
This reflects a growing caution toward U.S. tech-hardware valuations and a rising interest in China-listed consumer stocks.
The key watch for the next 13F (Q3-end disclosure): whether Nvidia selling continues, and whether Alibaba graduates from a toe-in-the-water position to a meaningful stake.
Content is for reference only, not financial advice.