Dan Bin's USD 9.1 billion U.S. stock holdings are revealed, with Google replacing NVIDIA as the top holding
According to the data on U.S. stock holdings of the overseas fund under Dongfang Gangwan, led by Dan Bin, in the fourth quarter of 2025, the market value of its holdings reached USD 1.316 billion (approximately RMB 9.1 billion), showing a slight increase compared to the third quarter. The fund made adjustments in the fourth quarter, completely liquidating several stocks, including Coinbase and Netflix, with Google replacing NVIDIA as the largest holding, with a market value of approximately USD 406 million, accounting for 31% of its U.S. stock holdings
According to Private Equity Ranking, the U.S. Securities and Exchange Commission (SEC) has disclosed the U.S. stock holdings data for the fourth quarter of 2025 for the overseas fund under Dongfang Hongyuan, led by Dan Bin. The data shows that by the end of 2025, Dongfang Hongyuan held a total of 10 U.S. stock targets, with a total market value of USD 1.316 billion, equivalent to over RMB 9.1 billion, which is a slight increase compared to approximately USD 1.292 billion at the end of the third quarter of 2025. In the fourth quarter, Dongfang Hongyuan completely liquidated its positions in U.S. stocks such as Coinbase, Netflix, Astera Labs, BitMine Immersion Technologies, Broadcom, and TSMC. Additionally, a significant change is that Google has replaced NVIDIA as Dongfang Hongyuan's largest holding.
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