The 13F filings of investment tycoons have been released one after another, especially the Chinese stock god Duan Yongping, with several points worth mentioning:

Following Buffett's reduction of holdings in $Apple(AAPL.US)

In the last quarter, Duan Yongping significantly reduced his holdings in Apple. However, the first to reduce holdings in Apple was Buffett, who has been continuously reducing his holdings multiple times, and this time he continued to do so. When the stock god just reduced his holdings, Duan Yongping stated that he was unclear about the reasons and did not follow; now he has followed suit. The main reason is that Apple's valuation is too high, which is why the stock god reduced his holdings. The stock god's reduction will trigger more funds to follow suit, so it’s better to reduce holdings together.

Clearing out $Bank of America(BAC.US)

Bank of America is also a stock that Buffett has been continuously reducing. Boss Duan has followed suit and cleared out his holdings. The main reasons for Buffett clearing out Bank of America are the interest rate cut cycle and his extreme disappointment with the conduct of the financial industry.

Significantly increasing holdings in $PDD(PDD.US)

Pinduoduo has too much FF space, as if its growth will never stop. Among the four major e-commerce players, it is fast, good, and cost-effective, with this cost (price) being a killer feature. Pinduoduo holds a killer feature and has the potential to be on par with half of Amazon, as Amazon's e-commerce business accounts for 60%. Amazon's market value is 2.1 trillion, while Pinduoduo's market value is 150 billion, a tenfold gap. So the imagination is enormous. Of course, it is just imagination; hence, Boss Duan's holding ratio in Pinduoduo is 3.18%, while Alibaba's ratio is 3.49%.