Collective reduction of US stocks! Duan Yongping, Li Lu, latest position exposure

With the disclosure of the first quarter 13F holdings of institutional investors in the US stock market coming to an end, the holdings of famous Chinese investors Duan Yongping and Li Lu have been gradually exposed in the Chinese investment circle. In the first quarter, Duan Yongping made a rare intensive adjustment of his positions. It is believed that the H&H International Investment Fund, managed by Duan Yongping, added new positions in Microsoft, Nvidia, and TSMC, and increased its position in Pinduoduo while reducing its holdings in Alibaba, Google, and Apple, with Apple's reduction exceeding $1 billion. Li Lu did not make any new purchases in the first quarter, but instead significantly reduced his holdings in Apple, Google, and his largest position, Bank of America. It is worth noting that both investors net sold US stocks and accumulated cash in the first quarter, perhaps indicating a belief shared with Warren Buffett that the US stock market is temporarily overvalued.