According to the Zhitong Finance APP, investment mogul Duan Yongping's main holding in U.S. stocks, H&amp;H International Investment, has disclosed its second-quarter holding report (13F) as of June 30, 2025. Statistics show that H&amp;H's total market value of U.S. stock holdings in the second quarter reached $11.5 billion, down 4% from $12 billion in the previous quarter. In H&amp;H's portfolio, there were no new stocks added, 4 stocks increased, 4 stocks decreased, and 1 stock was completely sold off. The top ten holdings accounted for 100% of the total market value.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250815/1755240517719862.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="11.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250815/1755240517719862.png"/>
In the top five holdings, Apple (AAPL.US) remains in first place, with approximately 35.12 million shares, a market value of about $7.21 billion, accounting for 62.47% of the portfolio, with an increase of 2.61% in the number of shares compared to the previous quarter.
Berkshire Hathaway (BRK.B.US) ranks second, holding approximately 3.38 million shares, with a market value of about $1.64 billion, accounting for 14.24% of the portfolio, remaining flat in the number of shares compared to the previous quarter.
Pinduoduo (PDD.US) ranks third, holding approximately 8.66 million shares, with a market value of about $910 million, accounting for 7.86% of the portfolio, with an increase of 11.72% in the number of shares compared to the previous quarter.
Occidental Petroleum (OXY.US) ranks fourth, holding approximately 13.56 million shares, with a market value of about $570 million, accounting for 4.94% of the portfolio, with a decrease of 1.95% in the number of shares compared to the previous quarter.
Alibaba (BABA.US) ranks fifth, holding approximately 3.75 million shares, with a market value of about $420 million, accounting for 3.68% of the portfolio, with a decrease of 5.92% in the number of shares compared to the previous quarter.
In other holdings, H&amp;H significantly increased its positions in Alphabet - C (GOOG.US) and NVIDIA (NVDA.US) in the second quarter, with the number of shares increasing by 75.17% and 49.56%, respectively. H&amp;H also slightly reduced its holdings in Microsoft (MSFT.US) and Taiwan Semiconductor Manufacturing Company (TSM.US) in the second quarter, while completely selling off Moderna (MRNA.US), which had been reduced over several years.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250815/1755240513610239.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="12.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250815/1755240513610239.png"/>
From the changes in holding proportions, the top four buying targets are: Alphabet - C, NVIDIA, Pinduoduo, and Apple.
The top three selling targets are: Occidental Petroleum, Alibaba, and Moderna.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250815/1755240509668300.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="13.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250815/1755240509668300.png"/>

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Investment tycoon Duan Yongping's H&H International Investment disclosed its second-quarter position report as of June 30, 2025. H&H's total market value of U.S. stock holdings is $11.5 billion, a decrease of 4% from the previous quarter. Apple remains the largest holding, with approximately 35.12 million shares, accounting for 62.47%. In addition, H&H increased its positions in Alphabet - C and NVIDIA, while completely liquidating its position in Moderna

- H&H International Investment disclosed its Q2 2025 holdings report, showing a total market value of $11.5 billion, down 4% from the previous quarter.  
- The top five holdings include Apple, Berkshire Hathaway, Pinduoduo, Occidental Petroleum, and Alibaba, with Apple representing 62.47% of the portfolio.  
- Notably, H&H significantly increased its positions in Google and Nvidia, while reducing stakes in Microsoft and TSMC, and completely sold Moderna.

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Alphabet - C

Duan Yongping Q2 US stock holdings: Apple remains the top holding, significantly increased positions in Alphabet - C, NVIDIA completely divested from Moderna