Duan Yongping's 13F report is out, with a massive rebalancing of a $20 billion position!

Crazy increase in AI holdings, a big bet on Tesla, Pinduoduo has become the fourth-largest holding!
Time to copy the moves 👇
1. Apple $AAPL
Although reducing the position continuously, it remains the largest holding, with a position value of $7.3 billion, accounting for 36.7%.
Apple's biggest appeal is not just the iPhone, but the world's strongest consumer ecosystem and cash flow machine.
2. Berkshire Hathaway B $BRK.B
Duan Yongping continues to add to the position, with a market value of $4.4 billion, firmly the second-largest holding.
Berkshire's biggest advantage is its strong risk resistance, backed by insurance cash flow and a large number of high-quality assets.
3. Nvidia $NVDA
Added 6.6 million shares in one quarter, directly reaching a $2.4 billion position, accounting for 12%.
Nvidia is the global AI computing power leader; regardless of who wins AI in the end, Nvidia wins 😂
4. Pinduoduo $PDD

Increased holdings by over 8 million shares in one quarter, with a position exceeding $2 billion, becoming the fourth-largest holding.
Duan Yongping is increasingly recognizing Pinduoduo's business model.
5. Tesla $TSLA
First time building a position, bought $1.2 billion worth, making it the fifth-largest holding in one go.
Betting on Robotaxi, FSD, and humanoid robots.
6. Google Class C shares $GOOG

Duan Yongping doubled his position, increasing the holding ratio to 5.3%.
The market previously underestimated Google's AI strength, but now Gemini, cloud computing, Android ecosystem, and YouTube are reshaping the AI moat.
7. Microsoft $MSFT

Continued to increase holdings.
Microsoft's biggest advantage is that it has truly commercialized AI, from Office to Azure cloud services, and Copilot.
Microsoft is becoming one of the world's most profitable AI platform companies.
8. Disney $DIS

Duan Yongping chose to continue increasing the position.
Although under short-term pressure, the IP value remains top-tier, with assets like Marvel, Star Wars, and Pixar having long-term monetization potential.
9. UnitedHealth $UNH

First time building a position with 600k shares.
Duan Yongping believes the market previously panicked and misjudged the stock.
UnitedHealth is a leader in the U.S. healthcare insurance system.
10. Circle $CRCL

First exploratory position! Essentially betting that stablecoins might become the infrastructure for the global digital dollar in the future.
11. Palantir $PLTR

First small position.
It has truly brought AI into government, military, and enterprise scenarios.
12. Synopsys $SNPS

First small watch position.
Synopsys is a core tool company for chip EDA.
13. TSMC $TSM

Significantly reduced by 87%, approaching complete liquidation.
14. Western Oil $OXY

Continued to reduce holdings, with funds shifting toward AI.
15. Alibaba $BABA

Sold off completely, leaving the position; Chinese internet is not optimistic.
16. ASML $ASML

The leading lithography equipment company was also sold off.
Do you have any stocks in your heavy holdings?