Dan Bin's latest US stock holdings are announced, with new positions in storage leaders and increased holdings in Nvidia.

Ask AI · How does Dan Bin layout the China-US AI industry chain?

According to Private Equity Ranking Network, on April 28, the official website of the U.S. Securities and Exchange Commission (SEC) disclosed the U.S. stock holdings data for the 2026 first-quarter-end of the overseas fund “Oriental Harbor Investment Fund” under Dongfang Harbor, led by Dan Bin.

The data shows that by the end of the first quarter of 2026, Dongfang Harbor held 12 U.S. stock targets in total, with an aggregate market value of $1.133B, equivalent to approximately 7.8 billion RMB. This is slightly lower than the market value of approximately $1.316B held at the end of 2025.

Dongfang Harbor’s U.S. stock holdings continue to concentrate in the AI industry chain. Its first and second largest heavy-weight stocks are still Google and NVIDIA (NVDA.US), accounting for more than 50% in total. Moreover, in the first quarter, Dongfang Harbor made small increases to both Google and NVIDIA. The way it increased its holding of Google was by newly buying 277,100 shares of Google-A.

In addition, it is worth noting that in the first quarter, Dongfang Harbor newly bought TSMC (TSM.US), Micron Technology (MU.US), and CIRCLE INTERNET GROUP INC, and it cleared out Microsoft (MSFT.US) and FNGU (a triple leveraged FANG+ index ETN). Among them, Micron Technology, as a leading U.S. memory storage company, has risen by more than 76% year-to-date.

On April 27, NVIDIA’s share price rose above $216 per share, reaching a historical high for the first time in nearly half a year. On April 28, Dan Bin posted a statement saying: this new high is absolutely not driven by temporary sentiment; it is the result of fundamentals continuously being realized.

Beyond directly holding U.S. technology stocks in heavy weight, in recent years Dongfang Harbor has also indirectly held U.S. technology stocks by heavily holding QDII funds issued by domestic public offerings. According to statistics based on the top 10 fund holders data disclosed in ETF fund annual reports (latest data), by the end of 2025, four trust products for which Dongfang Harbor served as investment adviser appeared on the list of the top 10 ETF fund holders. The holdings were “Invesco Great Wall Nasdaq Technology ETF (QDII)” and “Hua An Nasdaq 100 ETF (QDII),” with a total market value exceeding 155 million RMB.

In addition, according to Choice data, the asset management product “Galaxy Oriental Harbor No. 2,” for which Dongfang Harbor served as investment adviser, held a total of 7 underlying targets by the end of 2025 (2 ETFs, 2 Hong Kong stocks, and 3 A-shares). They were Invesco Great Wall Nasdaq Technology ETF (QDII), Tencent Holdings (00700.HK) (Hong Kong stock), Alibaba-W (09988.HK) (Hong Kong stock), GF Nasdaq 100 ETF, Zhongji Xuchuang (300308.SZ), Shenghong Technology (300476.SZ), and Xin Yi Sheng (300502.SZ). Aside from ETFs, all of them are China’s core AI assets, involving leading companies in the soft and hard technology sectors of China’s AI industry.

Among them, what draws the most attention is that Dan Bin has heavily weighted three AI-weighted stocks in the optical communications sector—Zhongji Xuchuang, Shenghong Technology, and Xin Yi Sheng—which are all Growth Enterprise Market AI heavy-weight stocks. In particular, among the “two leaders” in optical modules, both Zhongji Xuchuang and Xin Yi Sheng hit historical highs in April.

Since April, due to a strong rebound in U.S. stocks, both the Nasdaq and the S&P 500 Index have reached historical highs. As a result, Dan Bin’s products that heavily hold U.S. technology stocks also saw a wave of rebound, and some even hit historical highs.

According to Private Equity Ranking Network, as of April 24, 2026, Dongfang Harbor had 79 products with performance displays on Private Equity Ranking Network, of which 76 belonged to those managed by Dan Bin. The average returns of Dongfang Harbor’s products this year, over the past 1 year, and over the past 3 years were approximately 5.47%, 52.32%, and 141.04%, respectively.

Among them, the annualized returns since inception of eight products—such as “Dongfang Harbor Evolution Vision,” “Dongfang Harbor Huaxing No. 1,” “Dongfang Harbor Yongzhen,” “Dongfang Harbor Marathon Global,” “Dongfang Harbor Hulu,” “Dongfang Harbor Heqi Dapeng Wanli,” “Dongfang Harbor Value Investment No. 16,” and “Dongfang Harbor Marathon No. 8”—are all over 20%.

After statistics, the net values of 18 products under Dongfang Harbor reached historical highs on April 24. Among them, “Dongfang Harbor Marathon No. 1” and “Dongfang Harbor Marathon Global” are both products that have been operating for more than 10 years.