Source: Smart investors.
Author: Haoran On August 15th (Beijing Time), according to the website of the US Securities and Exchange Commission (SEC), most of the overseas institutions that are closely monitored have disclosed their US stock holdings data as of the end of the second quarter of 2024. This time, we took an inventory of the investment giants that everyone is concerned about, including Berkshire Hathaway, Hillhouse Capital Group, Norwegian Sovereign Wealth Fund, Jinglin Investments, Bridgewater Associates, Baillie Gifford, ARK Investment Management, and H&H International Investment, LLC (Duanyongping's US stock holding entity). The key points are as follows: 1. For Apple, Buffett, Duanyongping, and Bridgewater are reducing their shares, while Jinglin, Hillhouse, and Norwegian Sovereign Wealth Fund are increasing their shares. Overall, investment giants are still somewhat wary of technology giants; 2. Berkshire Hathaway increased its holdings in the second quarter, including Chubb and SiriusXM, while clearing out Torchmark and Paramount Global; 3. Duanyongping's shareholding in the second quarter remained unchanged, and it increased its holdings in Occidental Petroleum and other stocks, except for Apple, other holdings such as Berkshire Hathaway, Google, Bank of America, etc., were slightly reduced; 4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced; 5. Benefiting from technology stocks, the Norwegian Sovereign Wealth Fund's stock investment return for the first half of the year was 12.5%. However, the CEO predicted that the stock market will not rise like it did in the past few years and warned of risks; 6. In the second quarter, Jinglin returned to its top position in the largest heavy weightings, while Bridgewater increased its holdings in Amazon and Microsoft, and continued to reduce its holdings in Opensky and Western Digital; 7. In the second quarter, Baillie Gifford reduced its holdings in Amazon, while Cathie Wood made a small increase in holdings.

On August 15th (Beijing Time), according to the website of the US Securities and Exchange Commission (SEC), most of the overseas institutions that are closely monitored have disclosed their US stock holdings data as of the end of the second quarter of 2024. This time, we took an inventory of the investment giants that everyone is concerned about, including Berkshire Hathaway, Hillhouse Capital Group, Norwegian Sovereign Wealth Fund, Jinglin Investments, Bridgewater Associates, Baillie Gifford, ARK Investment Management, and H&H International Investment, LLC (Duanyongping's US stock holding entity). The key points are as follows: 1. For Apple, Buffett, Duanyongping, and Bridgewater are reducing their shares, while Jinglin, Hillhouse, and Norwegian Sovereign Wealth Fund are increasing their shares. Overall, investment giants are still somewhat wary of technology giants; 2. Berkshire Hathaway increased its holdings in the second quarter, including Chubb and SiriusXM, while clearing out Torchmark and Paramount Global; 3. Duanyongping's shareholding in the second quarter remained unchanged, and it increased its holdings in Occidental Petroleum and other stocks, except for Apple, other holdings such as Berkshire Hathaway, Google, Bank of America, etc., were slightly reduced; 4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced; 5. Benefiting from technology stocks, the Norwegian Sovereign Wealth Fund's stock investment return for the first half of the year was 12.5%. However, the CEO predicted that the stock market will not rise like it did in the past few years and warned of risks; 6. In the second quarter, Jinglin returned to its top position in the largest heavy weightings, while Bridgewater increased its holdings in Amazon and Microsoft, and continued to reduce its holdings in Opensky and Western Digital; 7. In the second quarter, Baillie Gifford reduced its holdings in Amazon, while Cathie Wood made a small increase in holdings.

Please use your Futubull account to access the feature.

The key points are as follows:

1. For Apple, Buffett, Duanyongping, and Bridgewater are reducing their shares, while Jinglin, Hillhouse, and Norwegian Sovereign Wealth Fund are increasing their shares. Overall, investment giants are still somewhat wary of technology giants; 2. Berkshire Hathaway increased its holdings in the second quarter, including Chubb and SiriusXM, while clearing out Torchmark and Paramount Global; 3. Duanyongping's shareholding in the second quarter remained unchanged, and it increased its holdings in Occidental Petroleum and other stocks, except for Apple, other holdings such as Berkshire Hathaway, Google, Bank of America, etc., were slightly reduced; 4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced; 5. Benefiting from technology stocks, the Norwegian Sovereign Wealth Fund's stock investment return for the first half of the year was 12.5%. However, the CEO predicted that the stock market will not rise like it did in the past few years and warned of risks; 6. In the second quarter, Jinglin returned to its top position in the largest heavy weightings, while Bridgewater increased its holdings in Amazon and Microsoft, and continued to reduce its holdings in Opensky and Western Digital; 7. In the second quarter, Baillie Gifford reduced its holdings in Amazon, while Cathie Wood made a small increase in holdings.

Berkshire Hathaway increased its holdings in the second quarter, including Chubb and SiriusXM,Occidental Petroleum(OXY.US)and increased its holdings in LuncentChubb Ltd (CB.US)and cleared out UPS and Paramount Global;stocks of companies like Snowflake (SNOW.US)3. Duanyongping's shareholding in the second quarter remained unchanged, and it increased its holdings in Occidental Petroleum and other stocks, except for Apple, other holdings such as Berkshire Hathaway, Google, Bank of America, etc., were slightly reduced;

3. Duanyongping's shareholding in the second quarter remained unchanged, and it increased its holdings in Occidental Petroleum and other stocks, except for Apple, other holdings such as Berkshire Hathaway, Google, Bank of America, etc., were slightly reduced;fell nearly 0.6%, while Tencent's fanatic surge increased by more than 2%, and Bilibili (BILI.US), which rose 4.8% in the early session, rose more than 1%. 4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced;

4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced;$Vipshop (VIPS.US)$4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced;The stock of NVIDIA (NVDA.US) will split 1:10 after market close on June 7 (Friday), and the price per share will drop to around $100. The lower price will make NVIDIA more likely to be included in the Dow Jones Industrial Average. 4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced;$Amazon (AMZN.US)$And.Microsoft (MSFT.US)4. Hillhouse further increased its holdings in Chinese concept stocks in the second quarter, among which Alibaba and JD.com Inc. had substantial increases. Among the US technology giants, Apple, Microsoft, and Alphabet received more holdings, while Facebook was reduced;

5. Benefiting from technology stocks, the Norwegian Sovereign Wealth Fund's stock investment return for the first half of the year was 12.5%. However, the CEO predicted that the stock market will not rise like it did in the past few years and warned of risks;

6. In the second quarter, Jinglin returned to its top position in the largest heavy weightings, while Bridgewater increased its holdings in Amazon and Microsoft, and continued to reduce its holdings in Opensky and Western Digital;pdd holdings (PDD.US)6. In the second quarter, Jinglin returned to its top position in the largest heavy weightings, while Bridgewater increased its holdings in Amazon and Microsoft, and continued to reduce its holdings in Opensky and Western Digital;coca-cola (KO.US) ;

7. In the second quarter, Baillie Gifford reduced its holdings in Amazon,$Tesla (TSLA.US)$while Cathie Wood made a small increase in holdings.

The following is the key analysis:

Berkshire Hathaway increased its shareholding in Occidental Petroleum and Chubb (Chubb Ltd.), and added Ulta Beauty and HEICO Aviation to its portfolio.

In the second quarter report released earlier this month, we analyzed Berkshire Hathaway's latest cash reserves (including cash equivalents), which were as high as $276.94 billion, mainly from selling some of its Apple shares.

In the second quarter, Berkshire Hathaway reduced its holding of Apple by nearly half, to 0.4 billion shares. In addition to tax reasons, considering opportunity costs was also an important reason (implying that Apple may be too expensive).

Although the position in Apple was cut by half, it remains Berkshire Hathaway's largest holding to date, and the top ten holdings remained unchanged from the first quarter.

According to the latest 13F filing, Berkshire Hathaway held 36 companies as of the end of the second quarter, with a market value of US$279.969 billion in US stocks, down about US$52.1 billion from the end of the first quarter.

In addition to Apple, First Capital Financial,, In addition to Apple, seven companies including First Capital Financial, Floor & Decor (a retailer of hard surface flooring and accessories), and T-Mobile (a wireless network operator) were also reduced to varying degrees.

In the second quarter, Berkshire Hathaway only liquidated two stocks - cloud computing company Snowflake (acquired in the third quarter of 2020) and media group Paramount Global.

In terms of increase, Occidental Petroleum and Chubb (Chubb Ltd.), which were the "mysterious guests" from the first quarter, were slightly increased, and the arbitrage trade heaven star XM was significantly increased.

In addition, two new companies were added - Ulta Beauty, the largest beauty retailer in the United States, and HEICO, an aerospace and electronics company.Heico (HEI.US).

According to the recently disclosed information, Berkshire Hathaway is selling Bank of America shares, and the specific amount will be revealed in the third quarter report.

At the time of publication, the Daily Journal has not updated its second quarter holdings yet.

Apple is still Duan Yongping's favorite stock. In the second quarter, the only increase was in Occidental Petroleum and Alibaba stocks.

Since Duan Yongping's US holding parent company (H & H International Investment) appeared in the public eye, it has been widely watched.

Duan Yongping only holds nine individual stocks, with a total holding amount of approximately US$16.6 billion, an increase of 17% from the first quarter's US$14.2 billion (Apple's stock price increase is one of the reasons). The holdings in recent quarters are as follows:

With about 80% of the market cap, Apple is definitely the top favorite, but it was slightly reduced by 0.658 million shares in the second quarter.

In the first quarter, PDD Holdings replaced Joyy.Vipshop (VIPS.US)took the place in the era.

In the second quarter, no new stocks were taken, but Duan Yongping increased positions in Occidental Petroleum and reduced shareholdings in NVIDIA, resulting in changes in individual stock rankings.$Disney(DIS.US)$In addition, Berkshire, Google, Bank of America, and PDD Holdings were reduced by different degrees, while Alibaba received an increase in shareholdings, and Monde shares remained unchanged.

Out of the nine stocks, five rose in the second quarter: Apple rose 23.9%, Google rose 20.5%, PDD Holdings rose 14.4%, Moderna rose 11.4%, and Bank of America rose 4.9%;

Four declined: Disney declined 18.9%, Berkshire declined 3.4%, Occidental Petroleum declined 3.0%, and Alibaba declined 0.5%.

GHLR significantly increased positions in Alibaba and Vipshop, and Apple, NVIDIA, Google, and META received increased positions among the "big seven"; the Norwegian sovereign wealth fund took advantage of the tech stocks, while also warning of risks.

According to the stock holdings of American stocks at the end of the second quarter of 2024 released by HHLR Advisors, a fund management platform under the GHLR, it held a total of 78 stocks as of the end of the second quarter, with a total market value of approximately US$4.054 billion.

Data Source: SEC, as of June 30, 2024.

Joyy,fell 0.8%,and Ctrip, 4 Chinese concept stocks, and 2 health care stocks entered the top ten holdings of HHLR, making a total of 8 Chinese concept stocks in the top ten holdings of GHLR.

In the second quarter, GHLR further increased the proportion of Chinese concept stocks in its portfolio.

Among them, Alibaba and Vipshop were significantly increased, while Ctrip was newly taken;

Futu Holdings Ltd, which was established in the first quarter of 2022 and cleared in the second quarter, was once again favored and ranked 11th.

Although PDD Holdings was reduced by about 2.9 million shares, it still remains the largest heavy position. In addition$Ke(BEKE.US)$Reduced by approximately 6 million shares.

In addition, 9 individual stocks including AMD, Take-Two (ranked 10th in the first quarter) were liquidated.Baidu (BIDU.US) fell more than 1%,,$Mondelez International (MDLZ.US)$Apple, NVIDIA, Google, and META were increased while Amazon and Microsoft were reduced in terms of the magnificent 7 of US tech stocks.

Overall, China concept stocks and technology stocks continue to be the investment focus of HHLR Advisors.

Driven by the strong returns of technology stocks, the Norwegian sovereign wealth fund (26% invested in technology stocks) made a profit of 1.48 trillion Norwegian kroner (approximately 138 billion US dollars) in the first half of the year.

The Norwegian sovereign wealth fund is the world's largest sovereign wealth fund, managing nearly 1.7 trillion US dollars in assets. It is operated by the Norwegian Central Bank Investment Management Company (NBIM), and the CEO is Nicolai Tangen.

As of the end of the second quarter, its top ten heavy holdings, calculated in US dollars, were Microsoft, Apple, NVIDIA, Google, Amazon, META, Taiwan Semiconductor, Tesla, Volkswagen and ASML Holding.

The latest market capitalization of Norway's sovereign wealth fund is 17.75 trillion Norwegian kroner (equivalent to 1.66 trillion US dollars), with 72% of holdings in stock investments and 26.1% in fixed income investments. The ROI for these two parts in the first half of the year was 12.5% and -0.6% respectively. In addition, 1.7% is invested in real estate, and 0.1% is invested in renewable energy infrastructure.$Taiwan Semiconductor(TSM.US)$,Among various sectors, banks rose by more than 1.4%, medical sector rose by nearly 1.4%, benefiting from the highest market value European pharmaceutical company, Novo Nordisk A/S (NVO.US), which is listed in Denmark and rose nearly 4%, setting a new high in its stock price, and thus sent Denmark's stock index to a new high. The technology sector rose by more than 1.2%. Among the constituent stocks, after the CEO provided positive guidance for 2026 and 2027, the German enterprise software giant SAP rose 3.6%. ASML, the Dutch-listed highest market value technology stock, which rose more than 1.5% after setting new record highs for two consecutive days and driving the AEX index to reach new highs for two consecutive days.,ASML Holding (ASML.US).

In the first half of the year, the fund reduced its holdings in Google, META, Novo-Nordisk, ASML Holding, Tesla, and Volkswagen, while increasing its holdings in Microsoft, Apple, Amazon, Taiwan Semiconductor, and wind power.

However, Tangen recently stated that the stock market is not expected to rise as it did in previous years.

He also warned that there are many uncertainties in the world, and the current geopolitical situation will also lead to more risks for the stock market.$Eli Lilly and Co(LLY.US)$ rose 1.52%, with a turnover of 2.1 billion US dollars. The US Food and Drug Administration (FDA) analyzed the trial data of Eli Lilly's experimental Alzheimer's drug donanemab and found that it did not show significant safety signals, but also raised concerns about the safety of the drug in early patient treatment.and $Sony(6758.JP)$ rose nearly 2% before the market opened, and its semiconductor division will cut spending by 30% over the next three years.,, but it may seek other companies to produce them in the future.And.Intel formally launched the Xeon 6 series processors, hoping to catch up withIn the second quarter, PDD Holdings returned to the largest holding of Jinglin, and Apple was newly added and ranked 13th; Bridgewater Associates significantly increased its holdings in Amazon and Microsoft, sold 75% of its holdings in Apple, and continued to reduce its holdings in Coca-Cola and wind power.

On August 9th, Jinglin Asset's subsidiary Jinglin Hong Kong disclosed its holdings in the second quarter. The latest holdings were 3.79 billion US dollars, a quarter-on-quarter increase of 17.3% from the first quarter, and the top ten holdings accounted for 87.45%.

Data source: SEC, as of June 30, 2024.

Data source: SEC, as of June 30, 2024.

The largest stocks that Jinglin increased its holdings significantly were Taiwan Semiconductor (75.03%), petroleum (73.00%), Netease (48.75%), wind power (43.26%), etc.

TSMC (75.03%), (73.00%), Netease (48.75%), PDD Holdings (43.26%) are some of the heavily weighted stocks that Jinglin increased their holdings in the most.$ Fulltruck (YMM.US) $

PDD Holdings returned to become the largest heavy position.

In May of this year, PDD released its first quarter 2024 performance report, with first-quarter revenue of 86.812 billion yuan, a year-on-year increase of 131%; adjusted net profit reached 30.602 billion yuan, a year-on-year increase of 202%.

In the current era of consumer downgrading, more and more young people are embracing PDD, and cost-effectiveness has become their preferred choice. According to the latest Fortune list, PDD founder Huang Zheng has become the richest man in China with a net worth of US$48.6 billion.

In addition, Jinglin substantially increased its holdings of Taiwan Semiconductor, which is the second consecutive quarter of increase since its initial position in Taiwan Semiconductor in the fourth quarter of last year.

Jinglin also newly established a position in Apple in the second quarter, ranking 13th, which runs counter to Buffett's halving of Apple's holdings. It also newly established a position in Amazon, ranking 39th.Li Auto Inc (LI.US)Furthermore, Jinglin has cooled off its allocation in semiconductors, reducing its holdings in ASE Technology ETF, Nvidia and clearing out of AMD.

Although Jinglin has also cleared its positions in two Chinese concept stocks, JD.com and Kanzhun.com, overall it is still a loyal buyer of Chinese concept stocks.

According to recent channel information, Jinglin is quite optimistic about Chinese stocks. Jinglin believes that since this year, the attractiveness of Chinese stocks has gradually emerged, but for the technology sector, opportunities and risks coexist in the future.

Looking at Bridgewater Associates, founded by Ray Dalio, they have been quite active in the second quarter. They bought 282 new positions, increased 199 positions, cleared out 82 positions, and reduced 390 positions.

Data source: SEC, as of June 30, 2024

Amazon was newly established by Bridgewater in the first quarter and soared from 22nd to 6th in the second quarter. However, Google, Nvidia, and Meta, also technology stocks, have all been reduced to varying degrees.

Apple was the most heavily cut by Bridgewater in the second quarter, and Bridgewater sold nearly 75% of its position. Currently, it ranks only 38th in holdings.

Recently, technology stocks have led the US market, and Bridgewater analyzed the ups and downs of leading US stocks in a report in June.

It pointed out that the key to the rise of leading stocks is to have a first-mover advantage in a high-growth industry and be able to innovate quickly; secondly, to have a strong moat to maintain this advantage.

Bridgewater believes that after a decade of rapid growth in the use of smartphones and social media, people will generally shift to more online consumption through online platforms.

The report focuses on Internet services (Meta, Alphabet), cloud service providers (Microsoft, Amazon, Alphabet), technology hardware companies (Apple), and companies in advantageous positions as they shift to online consumption and home delivery (Amazon, Tencent, China Meituan).

The industry is translated as Sector.$Walmart (WMT.US)$Data source: SEC, as of June 30, 2024$Visa(V.US)$The possible significant impact of the decrease in NVIDIA's stock price is that the possibility of being included in the price-weighted index may increase (especially the Dow Jones Industrial Average).

Overall, technology stocks are still Bridgewater's focus, but the preference for individual stocks varies depending on the market environment.

Baillie Gifford reduced its holdings in U.S. technology stocks and slightly increased its holdings in PDD Holdings. 'Wood Sister' slightly increased its holdings in Tesla and bought and sold Robinhood.

Baillie Gifford, a British investment giant and a globally renowned technology stock investor, slightly reduced its management scale in the second quarter, continuing the trend of 'selling off' in the first quarter.

Nvidia, Spotify, and other stocks saw significant reductions in holdings, but Nvidia remains the largest top-weighted stock.$Shopify(SHOP.US)$Among the top ten holdings, only a slight increase was made in PDD Holdings.

Source: SEC, as of June 30, 2024.Source: SEC, as of June 30, 2024.And.Netflix (NFLX.US).

In terms of industry distribution, Baillie Gifford's share of the health care sector (27.06%) in the second quarter hit a nearly two-year high, while the shares of the optional consumer, communication, and information technology sectors all declined.

At the beginning of this year, Baillie Gifford established a 10-person team specializing in equity investment in China. The company stated that setting up a dedicated team for Chinese equity investments will help coordinate incentives and responsibilities, while also enhancing the connection between Shanghai and Edinburgh to better integrate global and local perspectives.

By the end of 2023, Baillie Gifford's portfolio of Chinese mainland company assets was approximately US$25.168 billion.

ARK Investment's second-quarter report showed that 'Wood Sister' slightly increased its holdings in Tesla, remaining its largest holding.

Source: SEC, as of June 30, 2024.

'Wood Sister' and ARK have always been optimistic about Tesla and its related businesses, and expect Tesla's stock price to reach $2,600 by 2029.

'Wood Sister' also increased its holdings in ROKU and the 'first stock of the Metaverse' in the second quarter.

In the second quarter, Cathie Wood also increased her shareholding in ROKU and the "first metaverse stock".Roblox (RBLX.US)Reduced shareholding in Block, Robinhood, CRISPR Therapeutics, a gene therapy research company, and Siasun Robot&Automation software company.$UiPath(PATH.US)$.

Robinhood is the company with the largest reduction in the top ten, but after the release of strong Q2 earnings data last week, ARK chose to increase its holdings in the stock.

In Q2 of this year, Robinhood's total net revenue increased by 40% year-on-year to a record high of 0.682 billion US dollars; net income increased by 652% year-on-year to 0.188 billion US dollars; and cryptocurrency trading revenue increased by 161% year-on-year.

In addition, ARK has been reducing its holdings in Nvidia for multiple quarters and currently holds only 0.4177 million shares, ranking 37th in terms of holdings.

The company that was caught in the backlash due to the Microsoft 'blue screen' incident some time ago saw its holdings reduced by 0.0146 million shares in Q2, and its stock price has fallen by over 20% since the incident on July 19th.CrowdStrike (CRWD.US)Microsoft

Editor/rice