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🚨📊Dan Bin's real US stock holdings exposed: $Alphabet(GOOGL.US) tops, $NVIDIA(NVDA.US) steps down, but firepower is more concentrated

If we only look at the domestic market, Dan Bin has long been one of the representatives of billion-dollar private equity.
But in overseas markets, he was more often seen as a "heavy participant" rather than a trendsetter.

This is changing.

The latest overseas disclosures show that as of the end of 2025, Oriental Harbor's total US stock holdings were worth approximately $1.316 billion, close to RMB 10 billion, continuing to grow from the end of Q3.
This means he is no longer far from the threshold of being a "billion-dollar US stock private equity."

The more critical change lies within the portfolio structure.

In Q4 2025, $Alphabet(GOOGL.US) officially replaced $NVIDIA(NVDA.US) as the top holding.
Google's holdings are worth about $406 million, accounting for 31%;
Nvidia fell to second place, with holdings worth about $237 million, accounting for 18%.

This is not a rejection of $NVIDIA(NVDA.US) but a shift from the first phase of AI explosion to the second phase of platform realization.
Computing power remains important, but cash flow, ecosystem positioning, and model commercialization capabilities are becoming new core variables.

Dan Bin has not reduced his aggressiveness toward tech stocks because of this.
Instead, he has elevated his "offensive" to a more systematic level.

In the third and fourth largest holdings, he significantly allocated ETFs that triple the Nasdaq index and ETNs that triple the FANG+ index.
This means he is not simply betting on a single company but amplifying the beta exposure of the entire US tech sector.

Structurally, this elevates directional judgment from individual stocks to the index level.

At the individual stock level, the portfolio remains highly concentrated in global tech giants.

$Microsoft(MSFT.US) and $Apple(AAPL.US) rank fifth and sixth, accounting for nearly 14% combined.
These two companies represent stable cash flow, strong moats, and long-term technological accumulation—the "stable anchors" of the portfolio.

Following closely are $Meta Platforms(META.US) and $Tesla(TSLA.US).
One dominates the global social and advertising ecosystem,
while the other stands at the intersection of electric vehicles, autonomous driving, and robotics.
Both are core assets with high volatility but long-term potential.

$Amazon(AMZN.US) ranks ninth and remains an unignorable piece.
Whether in e-commerce scale or the long-term cash flow capability of AWS, it is still a key node in the tech system.

What truly reveals confidence is the final layer of the portfolio.

In the tenth-largest holding, Dan Bin doubled down on Google through a 2x leveraged ETF, further amplifying his single bet on $Alphabet(GOOGL.US).
This means:
Not only is it the top holding in spot,
but even at the leverage level, he continues to tilt toward $Alphabet(GOOGL.US).

When a nearly billion-dollar portfolio strengthens the same target on both spot and leverage fronts,
this is no longer just "optimism" but a clear judgment on the winning form of AI's second phase.

The real question isn't how much tech he bought,
but:
As AI moves from "computing power narrative" to "platform realization,"
how are top funds reallocating their firepower?

Would you rather keep betting on the high-elasticity winners of the first phase,
or stand early on the core platforms of the second phase?

📬I will continue tracking the position changes of top funds in US stocks and the AI sector, dissecting the real logic and risks behind these structural adjustments.
If you're also studying the long-term divergence of core assets like $Alphabet(GOOGL.US) $NVIDIA(NVDA.US) $Tesla(TSLA.US), feel free to subscribe and follow along.

#GOOGL #NVDA #AAPL #MSFT #META #TSLA #AMZN #AI #USStocks #HedgeFund #Investing