Nvidia(US:NVDA) Ge Long Hui·2025-11-12 07:51Core Insights - Jinglin Asset's overseas subsidiary submitted a 13F filing to the SEC, revealing its latest holdings in U.S. stocks [1] Group 1: Holdings Overview - As of the end of Q3 2025, Jinglin Asset held 30 securities in the U.S. stock market, with a total market value of approximately $4.44 billion (around 316 billion RMB), an increase of over $1.5 billion from the previous quarter's $2.874 billion [3] - In Q3, Jinglin Asset initiated positions in 9 new stocks, increased holdings in 8 stocks, reduced positions in 6 stocks, and maintained positions in 7 stocks [3] - New positions included companies such as Xinsight Technology, UnitedHealth, SPDR S&P Biotech ETF, Apple, WeRide, MakeMyTrip Ltd, Uber, Spotify Technology SA, and Google C [3] - Increased holdings were noted in Meta, NVIDIA, Pinduoduo, Google A, Futu Holdings, Atour, Sea, and Huazhu [3] - The firm reduced its stakes in NetEase, Manbang, Alibaba, Beike, Intel, and TAL Education [3] - The top 10 holdings accounted for $3.637 billion, representing 82% of its total U.S. stock holdings [3] Group 2: Market Outlook - Nearly half of Jinglin's holdings are in Chinese concept stocks [4] - Jinglin Asset believes there is significant potential for inflows of overseas capital, with both A-shares and Hong Kong stocks expected to attract international incremental funds [4] - The current valuation of the Chinese stock market is considered attractive, and historical trends suggest that in a weak dollar environment, global funds will shift from the U.S. market to emerging markets seeking higher returns, highlighting the allocation value of the relatively undervalued Chinese stock market [4]