Duan Yongping Trims Nvidia and Google, Opens New Alibaba Position in Q2
On August 14, local time, according to a disclosure with the U.S. Securities and Exchange Commission (SEC), the total market value of H&H International Investment, managed by Duan Yongping, stood at approximately $19.1 billion at the end of Q2, down from roughly $20 billion at the end of Q1. During the second quarter, H&H continued to increase its stakes in Pinduoduo, Berkshire Hathaway Class B shares, and Disney, while opening a new position in Alibaba. At the same time, the fund significantly reduced its holdings in Nvidia, Google, and Microsoft, and completely exited positions in TSMC and CrowdStrike.
Looking at the portfolio, Apple, Berkshire Hathaway Class B shares, and Pinduoduo ranked as the top three heavy-weight positions. Apple’s market value was approximately $7.84 billion, accounting for 41.05% of the portfolio; Berkshire Hathaway Class B shares were valued at about $4.62 billion, representing 24.18%; and Pinduoduo’s position was roughly $1.91 billion, making up 9.99%. By the end of Q2, H&H held about 25.02 million shares of Pinduoduo, valued at approximately $1.91 billion; roughly 27.1 million shares of Apple, valued at about $7.84 billion; and around 6.3 million shares of Nvidia, valued at approximately $1.257 billion.
Specifically, H&H increased its Pinduoduo holdings by 5.2738 million shares in Q2, a quarter-over-quarter increase of 26.71%. The fund also opened a new position of approximately 301,400 shares in Alibaba, with a period-end market value of about $28.93 million. Meanwhile, Nvidia holdings were reduced by 7.5631 million shares, a decrease of 54.63%; Google Class C shares were trimmed by roughly 1.7374 million shares, down 46.88%; and Microsoft holdings fell by 25.78%. Additionally, H&H liquidated its positions in TSMC and CrowdStrike.
Nvidia’s Q2 Portfolio Hits $63.4 Billion, Adds New SpaceX Stake
On August 14, local time, Nvidia’s 13F filing revealed that as of the end of Q2 2026, the company’s portfolio market value stood at approximately $63.4 billion, a massive jump from $18.4 billion at the end of Q1. This quarter, Nvidia established one new stock position—a newly disclosed SpaceX holding—with no other increases, decreases, or exits reported.
In terms of holdings, Intel, SpaceX, and CoreWeave ranked as the top three heavy-weight positions. Nvidia held approximately 215 million shares of Intel, valued at about $29.989 billion, representing roughly 47.3% of total holdings; about 123 million shares of SpaceX, valued at approximately $20.976 billion, accounting for around 33.1%; and roughly 47.21 million shares of CoreWeave, valued at about $4.7 billion, representing around 7.4%. Together, these three positions accounted for approximately 87.8% of Nvidia’s 13F portfolio.
Additionally, Nvidia held approximately $3.072 billion in Coherent, $2.21 billion in Nokia, $2.151 billion in Synopsys, as well as stakes in Nebius Group and Generate Biomedicines, among others.
Unitree IPO: Dark Pool Trading Rumors Are Baseless, but Risks Loom Large
Recently, market chatter suggested that “scalpers are hoarding allocations” for Unitree Technology in the over-the-counter market, with some intermediaries quoting prices well above the offering price. In response, according to reports from Shanghai Securities News, seasoned market professionals at investment institutions, private equity firms, and brokerages all indicated that they had not observed such activity, calling the rumors largely unfounded. They also cautioned that such private off-market agreements and transactions carry questionable compliance, leaving investors highly vulnerable to losses.
CITIC Securities, the lead underwriter for Unitree’s IPO, also issued a reminder that securities trading must strictly comply with laws, regulations, and market trading rules. Transactions should only be conducted through legally recognized channels using verified accounts, and investors are advised not to blindly follow speculative hype. Instead, they should stick to rational, value-driven investing and carefully assess investment risks.
Berkshire Hathaway Boosts Google Stake in Q2
On August 14, local time, reports indicated that Berkshire Hathaway liquidated its position in Constellation Brands (STZ) during the second quarter. The company also reduced its holdings in Kroger (KR), Capital One Financial (COF), Nucor (NUE), Ally Financial (ALLY), and DaVita (DVA). Meanwhile, it increased positions in Alphabet Class A (GOOGL), Alphabet (GOOG), Delta Air Lines (DAL), Lennar (LEN), and Macy’s (M).
Hillhouse Capital’s Q2 Moves: Big Adds in Micron and SanDisk, Tech Trims Including Nvidia
Recently, according to a disclosure with the U.S. Securities and Exchange Commission (SEC), Hillhouse Capital held 19 U.S. stocks at the end of Q2, with a total portfolio market value of approximately $979 million, showing a clear tilt toward semiconductors and memory supply chain names. From a holdings perspective, TSMC, H World Group, Pinduoduo, KANZHUN LIMITED, and Trip.com Group ranked as the top five heavy-weight positions, accounting for 24.32%, 17.20%, 16.86%, 15.51%, and 4.21% of the portfolio, respectively. Collectively, the top five positions represented about 78.1% of Hillhouse’s U.S. equity holdings at the end of Q2.
Breaking it down, Hillhouse significantly increased its stakes in Micron Technology and SanDisk during Q2. Micron holdings surged by 283.48% quarter-over-quarter, with a market value of approximately $39.73 million, while SanDisk holdings grew by about 192%, valued at roughly $36.38 million, ranking as the sixth and seventh largest positions, respectively. Additionally, Hillhouse added to its positions in KANZHUN LIMITED, Trip.com Group, KE Holdings, H World Group, Yum China, and Pinduoduo, while opening new positions in Vertiv Holdings, WeRide, Visa, and Alibaba. On the reduction side, Hillhouse lowered its stakes in Nvidia, NetEase, iQIYI, and RLX Technology, with Nvidia and NetEase holdings down 72.41% and 76.47%, respectively. The fund also exited positions in Futu Holdings, Lumentum, XPeng, and NIO, among others.
Shangwei New Materials: Consumer-Grade Embodied AI Robot Business Receives RMB 210 Million in Advance Payments
On August 14, Shangwei New Materials Technology Co., Ltd. disclosed its 2026 semi-annual report. The report shows the company generated revenue of RMB 803 million, up 2.42% year-over-year, with gross margin for its main business improving to 14.27%, reflecting steady profitability. The net loss attributable to shareholders of the listed company was RMB 167 million, attributed to substantial R&D investment in new business lines as part of a strategic layout. Operating cash flow reached RMB 208 million, up 41.20% year-over-year, outperforming profit levels. During the reporting period, Shangwei’s R&D investment totaled RMB 180 million, with approximately RMB 160 million directed toward its consumer-grade embodied AI robot business. R&D expenses accounted for 22.46% of total revenue. After launching two products, the Qiyuan Q1 and Qiyuan T1, the company has already received RMB 210 million in advance payments.
Northeast Yujie Sells E-Commerce Building for RMB 35 Million
Recently, a netizen posted that the Yujie E-Commerce Live-Streaming Incubation Base in Benxi, Liaoning, was being listed for sale. According to a Blue Whale News reporter’s verification with the seller, the “Liaoning Yujie E-Commerce Live-Streaming Incubation Base” building, located on Changjiang Road in Benxi Manchu Autonomous County, Benxi City, Liaoning Province, is being sold in its entirety for RMB 35 million. The property is owned by internet celebrity “Northeast Yujie” Chang Xiaoyu and covers a total area of approximately 11,000 square meters, encompassing residential buildings, office spaces, warehouses, and other property types, all designated for commercial use. As of now, the listing has been active for at least two months with no confirmed transaction announced.
