H&H International Investment, LLC
CIK: 0001759760 | 地址: 2479 E BAYSHORE RD #120, PALO ALTO, CA 94303 | 13F-HR 机构持仓报告 | 数据来源: SEC EDGAR
2025 Q4 (2025-12-31)
$17.49B
组合总市值
14 个持仓标的
提交日期: 2026-02-17
2026 Q1 (2026-03-31)
$20.00B
组合总市值
19 个持仓标的
环比 +$2.52B (+14.4%)
提交日期: 2026-05-19
2026 Q2 (2026-06-30)
$19.10B
组合总市值
18 个持仓标的
环比 -$0.90B (-4.5%)
提交日期: 2026-08-14
| # |
公司名称 |
证券类型 |
CUSIP |
状态变化 |
| 持股 | 市值($) | 占比 |
持股 | 市值($) | 占比 |
持股 | 市值($) | 占比 |
| 1 |
APPLE INC |
COM |
037833100 |
32,358,507 |
8,796,983,713 |
50.30% |
28,945,607 |
7,346,105,601 |
36.72% |
27,098,707 |
7,841,281,858 |
41.05% |
Q1减仓 Q2减仓 |
| 2 |
BERKSHIRE HATHAWAY INC DEL |
CL B NEW |
084670702 |
7,176,196 |
3,607,114,919 |
20.63% |
9,147,796 |
4,383,623,843 |
21.91% |
9,229,696 |
4,618,447,581 |
24.18% |
Q1加仓 Q2加仓 |
| 3 |
PDD HOLDINGS INC |
SPONSORED ADS |
722304102 |
11,536,694 |
1,308,145,733 |
7.48% |
19,748,294 |
2,017,880,681 |
10.09% |
25,022,094 |
1,908,685,330 |
9.99% |
Q1加仓 Q2加仓 |
| 4 |
TESLA INC |
COM |
88160R101 |
- |
- |
- |
3,408,900 |
1,267,258,575 |
6.34% |
3,380,400 |
1,421,796,240 |
7.44% |
Q1新建 |
| 5 |
NVIDIA CORPORATION |
COM |
67066G104 |
7,237,100 |
1,349,719,150 |
7.72% |
13,843,775 |
2,414,354,360 |
12.07% |
6,280,675 |
1,256,700,261 |
6.58% |
Q1加仓 Q2减仓 |
| 6 |
ALPHABET INC |
CAP STK CL C |
02079K107 |
1,855,400 |
582,224,520 |
3.33% |
3,706,000 |
1,063,103,160 |
5.31% |
1,968,600 |
695,565,438 |
3.64% |
Q1加仓 Q2减仓 |
| 7 |
OCCIDENTAL PETE CORP |
COM |
674599105 |
13,172,600 |
541,657,312 |
3.10% |
10,261,500 |
666,997,500 |
3.33% |
10,261,500 |
498,401,055 |
2.61% |
Q1减仓 |
| 8 |
TAIWAN SEMICONDUCTOR MFG LTD |
SPONSORED ADS |
874039100 |
1,224,384 |
372,078,054 |
2.13% |
- |
- |
- |
- |
- |
- |
Q1清仓 |
| 9 |
MICROSOFT CORP |
COM |
594918104 |
859,000 |
415,429,580 |
2.38% |
1,016,000 |
376,092,720 |
1.88% |
754,100 |
281,294,382 |
1.47% |
Q1加仓 Q2减仓 |
| 10 |
CREDO TECHNOLOGY GROUP HOLDI |
ORDINARY SHARES |
G25457105 |
141,300 |
20,331,657 |
0.12% |
751,200 |
70,515,144 |
0.35% |
701,200 |
190,691,340 |
1.00% |
Q1加仓 Q2减仓 |
| 11 |
UNITEDHEALTH GROUP INC |
COM |
91324P102 |
- |
- |
- |
601,400 |
162,732,826 |
0.81% |
399,600 |
166,085,748 |
0.87% |
Q1新建 |
| 12 |
DISNEY WALT CO |
COM |
254687106 |
712,000 |
81,004,240 |
0.46% |
1,511,800 |
145,707,284 |
0.73% |
1,706,600 |
164,260,250 |
0.86% |
Q1加仓 Q2加仓 |
| 13 |
TAIWAN SEMICONDUCTOR MANUFAC |
SPONSORED ADS |
874039100 |
- |
- |
- |
151,200 |
51,098,040 |
0.26% |
- |
- |
- |
Q1新建 Q2清仓 |
| 14 |
ALIBABA GROUP HLDG LTD |
SPONSORED ADS |
01609W102 |
2,560,500 |
375,318,090 |
2.15% |
- |
- |
- |
301,400 |
28,928,372 |
0.15% |
Q1清仓后Q2回补 |
| 15 |
COREWEAVE INC |
COM CL A |
21873S108 |
299,900 |
21,475,839 |
0.12% |
- |
- |
- |
- |
- |
- |
Q1清仓 |
| 16 |
CIRCLE INTERNET GROUP INC |
COM CL A |
172573107 |
- |
- |
- |
200,000 |
19,082,000 |
0.10% |
200,000 |
12,526,000 |
0.07% |
Q1新建 |
| 17 |
ASML HOLDING N V |
N Y REGISTRY SHS |
N07059210 |
9,900 |
10,591,614 |
0.06% |
- |
- |
- |
- |
- |
- |
Q1清仓 |
| 18 |
PALANTIR TECHNOLOGIES INC |
CL A |
69608A108 |
- |
- |
- |
60,000 |
8,776,800 |
0.04% |
60,000 |
7,000,200 |
0.04% |
Q1新建 |
| 19 |
SYNOPSYS INC |
COM |
871607107 |
- |
- |
- |
10,000 |
3,964,800 |
0.02% |
10,000 |
4,460,700 |
0.02% |
Q1新建 |
| 20 |
CROWDSTRIKE HLDGS INC |
CL A |
22788C105 |
- |
- |
- |
10,000 |
3,904,100 |
0.02% |
- |
- |
- |
Q1新建 Q2清仓 |
| 21 |
SNOWFLAKE INC |
COM SHS |
833445109 |
- |
- |
- |
10,000 |
1,508,200 |
0.01% |
10,000 |
2,545,000 |
0.01% |
Q1新建 |
| 22 |
TEMPUS AI INC |
CL A |
88023B103 |
110,000 |
6,495,500 |
0.04% |
20,000 |
904,400 |
0.00% |
20,000 |
1,158,600 |
0.01% |
Q1减仓 |
| 23 |
INNODATA INC |
COM NEW |
457642205 |
- |
- |
- |
10,000 |
386,200 |
0.00% |
10,000 |
755,800 |
0.00% |
Q1新建 |
|
合计 |
|
79,253,481 |
17,488,569,921 |
100.00% |
93,413,472 |
20,003,996,234 |
100.00% |
87,414,572 |
19,100,584,155 |
100.00% |
|
季度变动分析
Q4 2025 -> Q1 2026 变动
| 类型 | 公司 | Q4持股 | Q1持股 | 持股变化 |
|---|
| 调整 | PDD HOLDINGS INC | 11,536,694 | 19,748,294 | +8,211,600 |
| 调整 | NVIDIA CORPORATION | 7,237,100 | 13,843,775 | +6,606,675 |
| 调整 | APPLE INC | 32,358,507 | 28,945,607 | -3,412,900 |
| 新建 | TESLA INC | 0 | 3,408,900 | +3,408,900 |
| 调整 | OCCIDENTAL PETE CORP | 13,172,600 | 10,261,500 | -2,911,100 |
| 清仓 | ALIBABA GROUP HLDG LTD | 2,560,500 | 0 | -2,560,500 |
| 调整 | BERKSHIRE HATHAWAY INC DEL | 7,176,196 | 9,147,796 | +1,971,600 |
| 调整 | ALPHABET INC | 1,855,400 | 3,706,000 | +1,850,600 |
| 清仓 | TAIWAN SEMICONDUCTOR MFG LTD | 1,224,384 | 0 | -1,224,384 |
| 调整 | DISNEY WALT CO | 712,000 | 1,511,800 | +799,800 |
| 调整 | CREDO TECHNOLOGY GROUP HOLDI | 141,300 | 751,200 | +609,900 |
| 新建 | UNITEDHEALTH GROUP INC | 0 | 601,400 | +601,400 |
| 清仓 | COREWEAVE INC | 299,900 | 0 | -299,900 |
| 新建 | CIRCLE INTERNET GROUP INC | 0 | 200,000 | +200,000 |
| 调整 | MICROSOFT CORP | 859,000 | 1,016,000 | +157,000 |
| 新建 | TAIWAN SEMICONDUCTOR MANUFAC | 0 | 151,200 | +151,200 |
| 调整 | TEMPUS AI INC | 110,000 | 20,000 | -90,000 |
| 新建 | PALANTIR TECHNOLOGIES INC | 0 | 60,000 | +60,000 |
| 新建 | SYNOPSYS INC | 0 | 10,000 | +10,000 |
| 新建 | CROWDSTRIKE HLDGS INC | 0 | 10,000 | +10,000 |
| 新建 | SNOWFLAKE INC | 0 | 10,000 | +10,000 |
| 新建 | INNODATA INC | 0 | 10,000 | +10,000 |
| 清仓 | ASML HOLDING N V | 9,900 | 0 | -9,900 |
Q1 2026 -> Q2 2026 变动
| 类型 | 公司 | Q1持股 | Q2持股 | 持股变化 |
|---|
| 调整 | NVIDIA CORPORATION | 13,843,775 | 6,280,675 | -7,563,100 |
| 调整 | PDD HOLDINGS INC | 19,748,294 | 25,022,094 | +5,273,800 |
| 调整 | APPLE INC | 28,945,607 | 27,098,707 | -1,846,900 |
| 调整 | ALPHABET INC | 3,706,000 | 1,968,600 | -1,737,400 |
| 新建 | ALIBABA GROUP HLDG LTD | 0 | 301,400 | +301,400 |
| 调整 | MICROSOFT CORP | 1,016,000 | 754,100 | -261,900 |
| 调整 | UNITEDHEALTH GROUP INC | 601,400 | 399,600 | -201,800 |
| 调整 | DISNEY WALT CO | 1,511,800 | 1,706,600 | +194,800 |
| 清仓 | TAIWAN SEMICONDUCTOR MANUFAC | 151,200 | 0 | -151,200 |
| 调整 | BERKSHIRE HATHAWAY INC DEL | 9,147,796 | 9,229,696 | +81,900 |
| 调整 | CREDO TECHNOLOGY GROUP HOLDI | 751,200 | 701,200 | -50,000 |
| 调整 | TESLA INC | 3,408,900 | 3,380,400 | -28,500 |
| 清仓 | CROWDSTRIKE HLDGS INC | 10,000 | 0 | -10,000 |
关键发现
- 组合规模：组合总市值从 Q4 的 $17.49B 增长至 Q1 的 $20.00B 峰值（+14.4%），Q2 小幅回落至 $19.10B（-4.5%）。
- 最大持仓：Apple Inc (AAPL) 始终是第一大重仓，三个季度市值分别为 $8.80B、$7.35B、$7.84B，占组合约 40-50%。
- Q1 新建仓：新增 Tesla ($1.27B)、UnitedHealth ($0.16B)、Circle Internet ($19M)、CrowdStrike ($3.9M)、Palantir ($8.8M)、Innodata ($0.39M)、Snowflake ($1.5M)、Synopsys ($3.96M) 等5只新标的，持仓数量从14增至19。
- Q1 清仓：清仓了 Alibaba、ASML、CoreWeave 三只标的。其中 Alibaba 在 Q2 重新买入。
- 大幅加仓：NVIDIA 从 724万股加至 1384万股（+91%），PDD 从 1154万股加至 1975万股（+71%），Alphabet 从 186万股加至 371万股（翻倍），Berkshire Hathaway 从 718万股加至 915万股（+27%）。
- Q2 调整：NVIDIA 大幅减仓至 628万股（-54.6%），Alphabet 减至 197万股（-46.8%），Apple 减至 2710万股（-6.3%），但 PDD 继续加仓至 2502万股（+26.7%），Berkshire 小幅加仓至 923万股。
- Q2 清仓：清仓了 CrowdStrike 和 UnitedHealth 仓位缩减。
数据来源: SEC EDGAR 13F-HR 申报 | 报告机构: H&H International Investment, LLC (CIK: 0001759760) | 生成时间: 2026-08-15