Duan Yongping just dropped his Q2 portfolio — and it's a masterclass in conviction rotation.
Slashed $NVDA by 54.63%. Yeah, the AI chip king. Still holding, but trimmed hard after the face-ripping rally. Classic move: lock profits, wait for pullback, reload via puts.
Dumped $TSM entirely. Zero shares. His reasoning? Too capital-intensive, cyclical AF, depreciation eats margins. He wants asset-light compounders, not fab heavyweights.
Meanwhile, he's going ALL IN on $PDD — added 5.27M shares (+26.71%), now his 3rd largest position at ~10%. Why? Temu's crushing it overseas, valuation's dirt cheap vs peers, and he knows consumer internet inside out. Classic contrarian play while everyone's bearish on China tech.
And the plot twist? He REBUILT $BABA after dumping it last quarter. $28.93M new position. Translation: "I'll sell when it's expensive, buy when it's hated."
Still riding $AAPL (41% of portfolio) and $BRK.B (24%) as core anchors. Trimmed $MSFT, $GOOG, $UNH — all solid, just not cheap enough.
The lesson? Price > story. He'll sell the best companies if they're overvalued, and reload Chinese e-commerce when sentiment's in the gutter.
That's how you trade with edge.
Slashed $NVDA by 54.63%. Yeah, the AI chip king. Still holding, but trimmed hard after the face-ripping rally. Classic move: lock profits, wait for pullback, reload via puts.
Dumped $TSM entirely. Zero shares. His reasoning? Too capital-intensive, cyclical AF, depreciation eats margins. He wants asset-light compounders, not fab heavyweights.
Meanwhile, he's going ALL IN on $PDD — added 5.27M shares (+26.71%), now his 3rd largest position at ~10%. Why? Temu's crushing it overseas, valuation's dirt cheap vs peers, and he knows consumer internet inside out. Classic contrarian play while everyone's bearish on China tech.
And the plot twist? He REBUILT $BABA after dumping it last quarter. $28.93M new position. Translation: "I'll sell when it's expensive, buy when it's hated."
Still riding $AAPL (41% of portfolio) and $BRK.B (24%) as core anchors. Trimmed $MSFT, $GOOG, $UNH — all solid, just not cheap enough.
The lesson? Price > story. He'll sell the best companies if they're overvalued, and reload Chinese e-commerce when sentiment's in the gutter.
That's how you trade with edge.