Xin Lang Cai Jing·2026-01-28 10:31Core Viewpoint - The latest SEC filing reveals that Oriental Harbor Investment Fund has made significant adjustments to its U.S. stock holdings, with Google surpassing Nvidia as the largest position, reflecting a strategic shift towards technology giants [1][2]. Group 1: Holdings Overview - As of the end of 2025, Oriental Harbor's total U.S. stock assets are valued at approximately $1.316 billion, a slight increase from $1.292 billion at the end of Q3 2025 [1]. - The fund's top ten holdings are predominantly in the technology sector, including Google, Nvidia, Microsoft, Apple, Meta, Tesla, and Amazon, indicating a strong bullish sentiment towards tech leaders [3]. - Google (GOOG) has become the largest holding with a market value of $405.89 million, accounting for 31% of the total U.S. stock portfolio, while Nvidia (NVDA) represents 18% [2]. Group 2: Strategic Adjustments - The fund increased its position in Google by approximately 40.55% during Q4 2025, coinciding with a nearly 29% rise in Google's stock price [2]. - A series of adjustments were made in Q4 2025, including the liquidation of several stocks such as Coinbase, Netflix, and TSMC, reflecting a tactical repositioning within the portfolio [3]. - The fund also holds leveraged ETFs, such as TQQQ and FNGU, which rank as the third and fourth largest positions, respectively, indicating a strategy to amplify exposure to tech sector performance [3]. Group 3: Future Outlook - The company views artificial intelligence as a transformative industry opportunity, predicting that AI will drive technological revolutions and wealth creation across various sectors over the next 5 to 10 years [3][4]. - The emphasis is placed on the importance of technological advancement as the fundamental driver of wealth growth, with a commitment to not miss out on investment opportunities in the AI era, similar to past experiences with the mobile internet [4]. - As of the end of 2025, Oriental Harbor has 79 products displayed on private equity platforms, with an average return of approximately 14.26%, ranking among the top ten in the billion-dollar discretionary private equity sector [5].