段永平H&H 13F
——:——:——
段永平本人不向 SEC 直接申报 13F。本表镜像 H&H International Investment, LLC 的 13F-HR,加上港股/A股的公开访谈整理。 不构成投资建议;段公曰“不要跟着我买”。
披露市值AS-OF VALUE
$20.00B
13F · 2026 Q1 · 19 pos
vs 2025Q4 $17.49B+14.4%
今日组合DAILY MOVE
awaiting first tick
weighted d/d · pending
最新披露日LATEST 13F
2026-05-19
period end 2026-03-31
SEC delay49 days
下次预期披露NEXT FILING
2026 Q3
8月中旬 · 截止 2026-08-15
countdownT 87d
持仓权重 / Allocation
#代码 / Code名称 / NameAction实时价当日%当日涨跌披露市值组合权重
1AAPL
苹果公司
NASDAQ
-10.5%$7346.1M
36.72%
2BRK.B
伯克希尔 B
NYSE
+27.5%$4383.6M
21.91%
3NVDA
英伟达
NASDAQ
+91.3%$2414.4M
12.07%
4PDD
拼多多
NASDAQ
+71.2%$2017.9M
10.09%
5TSLA
特斯拉
NASDAQ
◆ NEW$1267.3M
6.34%
6GOOG
谷歌 C
NASDAQ
+99.7%$1063.1M
5.31%
7OXY
西方石油
NYSE
-22.1%$667.0M
3.33%
8MSFT
微软
NASDAQ
+18.3%$376.1M
1.88%
9UNH
联合健康
NYSE
◆ NEW$162.7M
0.81%
10DIS
迪士尼
NYSE
+112.3%$145.7M
0.73%
11CRDO
Credo
NASDAQ
+431.6%$70.5M
0.35%
12TSM
台积电 ADR
NYSE
-87.7%$51.1M
0.26%
13CRCL
Circle
NYSE
◆ NEW$19.1M
0.10%
14PLTR
Palantir
NASDAQ
◆ NEW$8.8M
0.04%
15SNPS
Synopsys
NASDAQ
◆ NEW$4.0M
0.02%
16CRWD
CrowdStrike
NASDAQ
◆ NEW$3.9M
0.02%
17SNOW
Snowflake
NYSE
◆ NEW$1.5M
0.01%
18TEM
Tempus AI
NASDAQ
-81.8%$0.9M
0.00%
19INOD
Innodata
NASDAQ
◆ NEW$0.4M
0.00%
BABA
已清仓 · prev $375.3M
✕ closed
CRWV
已清仓 · prev $21.5M
✕ closed
ASML
已清仓 · prev $10.6M
✕ closed
19 active · 3 closed last quarter
Quarterly Acts · 2026Q1 vs 2025Q4季 · 度 · 动 · 作
◆ NEW INITIATIONS
新 · 建 · 仓
  • TSLA
  • UNH
  • CRCL
  • PLTR
  • SNPS
  • CRWD
  • SNOW
  • INOD
▲ ADDS · TOP 3
加 · 仓
  • NVDA
    6.61M sh
    +91.3%
  • BRK.B
    1.97M sh
    +27.5%
  • PDD
    8.21M sh
    +71.2%
▼ TRIMS · TOP 3
减 · 仓
  • AAPL
    -3.41M sh
    -10.5%
  • TSM
    -1.07M sh
    -87.7%
  • OXY
    -2.91M sh
    -22.1%
✕ EXITS
清 · 仓
3
BABA
CRWV
ASML
Valuation Heat · 5Y price percentile估 · 值 · 热 · 力 · 图
当前价在 5 年月线收盘分布中的百分位 (Yahoo Finance · 60 monthly bars · 2026-05-08)。档分:0–25 / 25–50 / 50–75 / 75–100。
FAIR
PDD
5Y 49%
$40150
TSLA
PE
weight 6.34%
FAIR
OXY
5Y 44%
$2673
UNH
PE
weight 0.81%
FAIR
DIS
5Y 49%
$81181
CRCL
PE
weight 0.10%
PLTR
PE
weight 0.04%
SNPS
PE
weight 0.02%
CRWD
PE
weight 0.02%
SNOW
PE
weight 0.01%
FAIR
TEM
5Y 25%
$3490
INOD
PE
weight 0.00%
FULL
MSFT
5Y 70%
$232534
RICH
AAPL
5Y 98%
$130293
RICH
BRK.B
5Y 77%
$267533
RICH
NVDA
5Y 98%
$12216
RICH
GOOG
5Y 100%
$89396
RICH
CRDO
5Y 94%
$8188
RICH
TSM
5Y 97%
$62414
VACANT
VACANT
VACANT
VACANT
VACANT
0–25%25–50%50–75%75–100%
Peer Overlap · By CUSIP同 · 道 · 共 · 持
Berkshire Hathaway
Warren Buffett · 巴菲特
$274.2B
110 positions
2025-12-31
2 sharedmin-Σ 25.7% · H&H Σ 53.4% · peer Σ 26.6%
  • AAPL苹果公司
    H&H50.3%
    peer22.6%
  • OXY西方石油
    H&H3.1%
    peer4.0%
Himalaya Capital
Li Lu · 李录
$3.6B
9 positions
2025-12-31
5 sharedmin-Σ 26.0% · H&H Σ 84.8% · peer Σ 51.4%
  • BRK.B伯克希尔 B
    H&H20.6%
    peer12.6%
  • PDD拼多多
    H&H7.5%
    peer14.6%
  • GOOG谷歌 C
    H&H3.3%
    peer21.6%
  • OXY西方石油
    H&H3.1%
    peer1.7%
  • AAPL苹果公司
    H&H50.3%
    peer0.8%
Dalal Street
Mohnish Pabrai · 莫尼什·帕伯莱
$0.4B
4 positions
2025-12-31
øno shared CUSIPs

Pabrai 当前持仓集中在煤炭、油气钻井等周期股 (Warrior Met / Transocean / Alpha Met / Valaris),与 H&H 的科技-消费蓝筹组合无交集。这本身就是一个信号:同为价值派,在当下宏观节点上选择截然不同的赛道。

intersection by 9-digit CUSIP · equity-only · sub-accounts aggregatedpeer 13F as of 2025-12-31