Duan Yongping is a legend: he is in the United States, but he has always been faintly like Warren Buffett in China.
Really, my brother is not in the rivers and lakes, but there will always be a legend of my brother in the rivers and lakes.
Especially at the beginning of 2024, when A-share investors are shaking their heads and sighing at the unprecedented market conditions, Duan Yongping has become "one of the few people in China who has made a lot of money in US stocks".
Recently, he recently found a suspected personal account on the Internet. According to a filing disclosed by the US SEC, an investment institution called H&H International Investment, LLC has surfaced. In the fourth quarter of 2023, H&H increased its holdings in Alibaba, Apple, Berkshire, etc., with an asset size of 144US$5.7 billion (about 100 billion yuan). Yong Duan, the actual controller behind H&H, is suspected of Duan Yongping.
It is said that by comparing the H&H position records, combined with Duan Yongping's various sharing in the Xueqiu investment community with the ID "Avenue is invisible and I have style", although it cannot be completely concluded that the account is controlled by Duan Yongping, various information is cross-corroborated, and ** is not far from ten.
This mystery account is very interesting, reflecting the investment idea of the "** stock god", let's split it:
First, let's look at earnings: thanks to the U.S. stock bull market in 2023, H&H has earned $3.6 billion in a year.
Data on February 14 this year shows that by the end of 2023, H&H assets under management reached 144$5.7 billion, compared to $10.8 billion at the end of 2022$3.5 billion, up 36$2.2 billion.
Second, let's look at open positions.
At present, H&H holds a total of 9 listed companies, with a position of $11.5 billion in Apple, $1.7 billion in Berkshire Hathaway, and 7$5.7 billion Google, 3$8.4 billion Alibaba, in addition to Disney, Occidental Petroleum, Moderna, Joy Times and Bank of America.
Apple, which accounts for 80% of the portfolio and holds nearly 60 million shares, is an absolute heavy position.
Third, H&H bucked the trend and cleared Pinduoduo's **, and the 150,000 shares in the position were sold out. Originally, on November 29, 2023, with the announcement of Pinduoduo's third-quarter financial report, the opening price rose by more than 4% on the same day, and the market value soared to $192.4 billion, surpassing Alibaba, and once jumped to become the largest Chinese concept stock in the United States, creating a historic scene in the era of e-commerce.
As we all know, Duan Yongping has a deep relationship with Huang Zheng, the founder of Pinduoduo. He is not only the brother of Zhejiang University, but also Huang Zheng's angel investor and entrepreneurial guide. Duan Yongping recently said: "I don't understand Pinduoduo, maybe a bit like Warren Buffett can't understand Microsoft." ”
This sentence, I don't know if it is related to Huang Zheng's withdrawal from the front line of Pinduoduo.
Fourth, H&H increased its holdings in Ali amid the controversy. Although Duan Yongping specifically emphasized: I only supported symbolically, New Oriental also symbolically supported it at that time. It is not easy for Ali to regain his glory, there are many problems and difficulties he faces, and there is a lot of uncertainty, but there may still be opportunities. ”
On the U.S. stock investment forum - Xueqiu, Duan Yongping has 850,000 followers, and a well-known ID Avenue is invisible. He can be called a snowball expert, and often shares his investment experience on it and interacts with netizens.
U.S. stocks are currently in a big technology bull market, and under the background of the concept of generative AI, the technology giant stocks represented by the seven U.S. stocks have driven the entire U.S. stock market to rise. Nvidia, Microsoft, Apple, Alphabet (Google's parent company), Amazon, Meta and Tesla, these seven companies currently have a higher market capitalization than the entire A-share market. As for Berkshire Hathaway, the company's share price performance has also soared - its Class A ** stock price is currently trading at more than $600,000 and is expected to become the first non-technology company to reach a trillion-dollar market capitalization. Even Tesla was left behind by it.
Although Duan Yongping is now a US stock tycoon, he actually started as a Chinese company.
That year, not long after NetEase went public, the industry collapsed, and as a result, the stock price continued to fall sharply and was on the verge of delisting. Ding Lei, who was at a loss, found Duan Yongping and asked this business senior for advice. After listening to Ding Lei's bitter water, Duan Yongping believes that NetEase's financial situation is good, and it has the potential project of "Journey to the West". As a result, Duan Yongping claimed to have used all his funds to become the second largest shareholder of NetEase, pulling Ding Lei back from the edge of the cliff. A year later, "Journey to the West" was a great success, NetEase's stock price soared, Ding Lei also turned over and became the richest man in China, and Duan Yongping became a big winner with this **.
In addition, Moutai is also not for sale held by Duan Yongping for a long time. In A-shares, Moutai's share price is strong and has always been known for its generous dividends. Since its listing, Moutai has accumulated more than 200 billion cash dividends, and even if Duan Yongping only takes dividends, it will not be a small amount.
However, Duan Yongping is not a god, and there are times when he looks away. In 2018, he said at an exchange meeting on the Stanford campus that in his eyes, Tesla was a company with zero value and would end sooner or later. Because Tesla's corporate culture is terrible.
Later, Tesla's stock price took off, and Musk became the richest man in the world.
Like buying NetEase, Duan Yongping is best at and probably the favorite, which is to increase his holdings against the trend and when others are afraid**.
In 2022, Tencent's Hong Kong stocks**, he increased his holdings at least five times in a year, surprising the market.
In the same year, New Oriental's stock price fell to the freezing point, and Duan Yongping posted on Xueqiu that he bet that Yu Minhong would not fall down and make a move on New Oriental. Since then, New Oriental has relied on live broadcast to bring goods to turn over, especially Dong Yuhui's sideways, which made New Oriental's stock price rise sharply. Duan Yongping had another bumper harvest.