Copying Warren Buffett's homework? Duan Yongping made a move: increased holdings in Occidental Petroleum and Alibaba

As a legend in China's business and investment circles, Duan Yongping's actions continue to attract widespread attention.

Recently, the U.S. Securities and Exchange Commission (SEC) disclosed the 13F filing of "H&H International Investment, LLC" (hereinafter referred to as "H&H International Investment") as of the end of the first quarter of 2024. As of the end of the first quarter, H&H International Investment held 9 U.S. stocks including Apple, of which Apple's market value accounted for nearly 80%. In the first quarter of this year, the institution cleared its position and gathered in the era, and newly entered Pinduoduo.

According to public information, H&H International Investment is an investment institution established by Duan Yongping, which was registered and approved by the U.S. Securities and Exchange Commission (SEC) in 2018 and is headquartered in California. The reporter found that H&H International Investment was established in 2018 with a scale of 900 million US dollars at the time of establishment, and by December 2023, the asset scale has risen to 14.4 billion US dollars.

Aggressively increase positions in Occidental Oil

Judging from the changes in H&H International Investment's holdings in the first quarter of this year, the overall change is not large, and the largest heavy stock is still Apple. In the first quarter of this year, the institution increased its holdings of Apple by 4.86 million shares, increasing its holdings to 64.5831 million shares, with a market value of about $11.075 billion, accounting for about 78.01%.

Duan Yongping has long been active in the investment community with the ID of "Invisible Avenue, I Have Style", exchanging investment experience with netizens. In the investment community, Apple and Kweichow Moutai are often mentioned. Regarding Apple's debt problem, which investors are worried about, Duan Yongping said, "Apple's strategy is very clear, which is to maintain cash neutrality, which roughly means that after leaving enough funds for operation, the excess money will be returned to shareholders through dividends or buybacks." Apple should have no substantial debt, but the tax on the money earned overseas back to the United States is relatively high, so Apple can use the money (or liquid assets) from the United States as collateral to issue bonds in the United States. ”

Berkshire Hathaway is the institution's second-largest holding, with about 4,092,200 shares at the end of the period, and a market capitalization of about $1.721 billion.

Judging from the changes in holdings, in the first quarter of this year, H&H International Investment significantly increased its holdings in Occidental Petroleum. According to the data, H&H International Investment increased its holdings of 694,800 shares of Occidental Petroleum in the first quarter, an increase of 157.87%. Currently, Occidental Petroleum has been promoted to the sixth largest holding stock in the institution.

Duan Yongping increased his holdings of Occidental Petroleum more to follow Buffett's operation. In 2023, Duan Yongping talked about investing in Occidental Petroleum in the investment community, saying: "I didn't read anything, but I saw Lao Ba buy more than 20 percentage points (Occidental Petroleum). I knew he was serious, so I bought almost 1 million shares. I won't add it and I won't take the time, and I won't be able to understand it anyway. ”

Alibaba was increased by H&H International Investment, while Pinduoduo was newly acquired by the institution. According to the data, H&H International Investment increased its holdings of Alibaba by 886,100 shares in the first quarter, an increase of 17.87%. Alibaba is currently its fourth-largest holding, with a market capitalization of about $423 million. H&H International Investment also bought about 110,000 new shares of Pinduoduo in the first quarter.

Regarding Alibaba and Pinduoduo's views, Duan Yongping said in the investment community at the end of 2023, "I always feel that I can't see through e-commerce, I don't know where the moat is, and I don't know who will live better in 10 years." For example, it's hard for me to understand why Ali doesn't learn those things that are so powerful in Pinduoduo or can't learn them well. If everyone learns awesome things, who will be even more powerful in 10 years? ”

Copy the "stock god" Buffett's homework?

Duan Yongping's recognition of the "God of Stocks" Buffett is well known, and in terms of position operation, Duan Yongping is also constantly learning from Buffett.

In recent years, Warren Buffett has continued to increase his holdings in Occidental Petroleum, and in the first quarter of this year, he increased his holdings in Occidental Petroleum. Warren Buffett previously mentioned in his letter to shareholders that he is expected to hold and invest in Occidental Petroleum indefinitely, mainly from the perspective of energy security. Duan Yongping has also recently increased his stake in Occidental Petroleum significantly.

According to data recently released by Warren Buffett's Berkshire Hathaway, the top ten holdings are: Apple, Bank of America, American Express, Coca-Cola, Chevron, Occidental Petroleum, Kraft Heinz, Moody's, Chubb Insurance, and Davita Healthcare.

It is worth mentioning that Warren Buffett once again reduced his holdings of Apple by 116 million shares through Berkshire Hathaway in the first quarter, and the proportion of his position fell to around 40%, but it is still the largest holding in Berkshire.

At the previous shareholders' meeting at the beginning of the month, Buffett responded to the reduction of Apple's holdings. "We have American Express, which is a great business, we have Coca-Cola, which is a great business, we have Apple, which is a better business," he said. ”

As for why he reduced his holdings of Apple, Buffett said that this is due to tax reasons after the investment has obtained considerable returns, not his judgment on Apple's individual stocks in the long run.

Duan Yongping forwarded the response to Buffett's reduction, and responded to netizens a few days later that there is no company that wants to exchange Apple.

Editor-in-charge: Ye Shuyun

Proofreading: Gao Yuan

Copyright Notice

All original content on the platforms of the Securities Times shall not be reproduced by any unit or individual without written authorization. Our company reserves the right to pursue the legal responsibility of relevant actors. For reprinting and cooperation, please contact the Securities Times assistant, WeChat ID: SecuritiesTimes

END

Click on a keyword to view it

Periscope Series In-depth Report丨Stock Council Column丨Investment in Xiaohongshu丨E Company Investigation丨Times Meeting Room丨Top Ten Celebrity Private Equity Interview丨The Central Bank Announces 300 Billion Yuan of Good News! The blockbuster policies of real estate continue, and the Ministry of Housing and Urban-Rural Development and other four departments speak out丨Authoritative interpretation of the central bank's "one-click three-in-a-row" new housing loan policy丨He Lifeng: Fight the tough battle of risk disposal of unfinished commercial housing and protect the legitimate rights and interests of home buyers丨Heavy! The mortgage policy has changed dramatically: the down payment ratio and provident fund interest rate within the two sets have been reduced, and there is no lower limit on the commercial loan interest rate! 丨Evergrande Automobile suddenly suspended! It once skyrocketed by more than 70%丨Just now, the National Bureau of Statistics authoritatively responded to hot concerns丨5 trading days, ↑3964%! This stock soared丨8 times bull stocks suddenly! If you don't operate in time, you will lose 70%