Apple(US:AAPL) Zhong Guo Ji Jin Bao·2025-11-19 08:20Core Insights - Duan Yongping's H&H International Investment has significantly increased its holdings in Berkshire Hathaway while reducing positions in Apple, Alibaba, and Google, reflecting a strategic shift in investment focus [1][2][4]. Group 1: Portfolio Overview - As of the end of Q3 2025, H&H International Investment's total portfolio value is approximately $14.7 billion, an increase of nearly 28% from $11.5 billion at the end of June [1][4]. - The portfolio includes 11 companies, with major holdings in Apple, Berkshire Hathaway, Pinduoduo, Occidental Petroleum, Microsoft, Disney, TSMC, and Nvidia [3][4]. Group 2: Changes in Holdings - Duan Yongping has increased his stake in Berkshire Hathaway by over 53%, with the holding now representing 17.78% of the portfolio, valued at $2.61 billion [4]. - Apple remains the largest holding at 60.42%, valued at $8.869 billion, despite a slight reduction in shares [4]. - Significant reductions were made in positions in Alibaba and Nvidia, with a decrease of over 25%, alongside smaller reductions in Apple, Pinduoduo, and Google [4]. Group 3: Market Insights - Duan Yongping expressed uncertainty regarding the AI sector but indicated a willingness to invest cautiously, acknowledging the importance of not missing out on potential opportunities [5]. - He commented on Apple's investment value, suggesting that while it may not be the best option for high returns, it remains a viable investment compared to bank interest rates [5].