This time in the 13F Q3 report, there's no doubt that many fund companies have been switching back and forth in tech stocks, with the focus still on the "Magnificent Seven," though the position ratios and entry/exit timing differ. This indicates that tech stocks are still in an upward trend, but they are at a high level in the short term, with possibly some more room to rise.

The key point is still to mention Berkshire Hathaway's holdings, which have a significant feature: they bought Google, which doesn’t seem like Buffett’s usual style—it might have been bought by the next generation of leadership. This marks a major shift toward diversified investing. Looking at it, the position ratio isn’t large, but it does make up for Buffett and Munger’s past regret of missing out on Google. They might gradually expand their exposure to tech stocks in the future. Besides Google, there’s also Amazon, though the position is very small. Overall, Berkshire’s pure value stock nature will likely combine with some tech risk assets in the future. 🤔

Duan’s holding style has changed steadily, with heavy positions in Apple and a controlled shift toward tech stocks otherwise.