Ge Long Hui A P P·2025-10-23 08:14Core Insights - Dongfang Hongwan Overseas Fund, managed by Dan Bin, reported a management scale of approximately $1.292 billion in Q3 2025, an increase from $1.127 billion in Q2 2025, with the number of holdings rising from 13 to 17 [1] Holdings Summary - The top ten holdings are primarily in technology, accounting for a total weight of 92.45%, including Nvidia, Google C, 3x Long FANG+ ETN, 3x Long Nasdaq 100 ETF, Meta, Microsoft, Tesla, Apple, Coinbase, and Alibaba [1] - Notable new positions include Alibaba, with a purchase of 221,000 shares, marking its first entry into the top ten holdings, representing 3.06% of the portfolio [2] - New investments in semiconductor companies Broadcom and Astera Labs were made to strengthen the AI supply chain, indicating a shift from core chip leaders to a broader industry chain [5] - A new position in BitMine Immersion Technologies reflects interest in cryptocurrency assets, following the previous quarter's investment in Coinbase [5] Trading Adjustments - Significant reductions were made in Amazon and Netflix, with holdings decreased by 50% and 71.5% respectively, causing both to exit the top ten holdings [5] - Adjustments in leveraged products included a new position in 2x Long GOOGL ETF and the liquidation of 2x Long Nvidia ETF, maintaining a total leverage product allocation of 21% [6] - Dan Bin emphasized that AI is not a short-term trend but a significant technological revolution that could last 10-30 years, guiding the fund's focus on the entire AI industry chain [6]