Geng Metal Year Start, Duan Yongping's Investment Code

In the fourth quarter of last year, a Chinese investment master’s New Year’s layout attracted attention. During the high period of Nvidia, Duan Yongping frantically increased his position by 663.93 shares, with the number of positions surging by 1110.62%, and the total number of shares held reached 723.71 shares, and the market value of his position jumped to $13.5 billion, becoming the third largest heavy stock in his portfolio (accounting for 7.72%). This move is very similar to his confident declaration when he welcomed the God of Wealth on the fifth day of the new year - he looked in the mirror and alluded to himself as the God of Wealth. And his investment choice seems to validate this confidence.

Duan Yongping is known as an “invisible rich man” in the market, with fascinated assets, and enjoys the reputation of “China’s Buffett” and “Duan Fit”, and is widely recognized as China’s earliest and most famous value investor. Born in Nanchang, Jiangxi Province in 1961, he studied at Zhejiang University and the National People’s Congress, and entered Rihua Electronics Factory in 1989. Later, he participated in the founding of the game brand Xiaobawang, and left Xiaobawang in 1995 to found BBK. Interestingly, Chen Mingyong, who founded OPPO in the future, Shen Wei of VIVO, and Jin Zhijiang of BBK Education were all members of Duan Yongping’s team, which shows his vision of recognizing and employing people.

The way to invest in value after the torrent

In 2001, 40-year-old Duan Yongping made a key decision - to retire and officially enter the investment field. His first big investment was to invest in NetEase, and finally reaped a 100-fold return, which became the beginning of the myth of “Duan Fit”. In 2006, Duan Yongping took the opportunity to have lunch with Buffett at a sky-high price of $62, becoming the first Chinese to enjoy this honor. Interestingly, he also brought Pinduoduo founder Huang Zheng, which may indicate his advanced vision in identifying future winners.

The price and gain of buying Tencent three years ago

If NetEase is the starting point of Duan Yongping’s investment career, then Apple and Tencent are his touchstones. In 2011, Duan Yongping entered the market when Apple’s market value was only 300 billion US dollars, and now the company’s market value once exceeded 4 trillion US dollars. Although he has continued to reduce his holdings of Apple in recent quarters, reducing his holdings by a total of 247.06 shares, this position adjustment has not affected his vision of technology stocks in the slightest.

Duan Yongping has expressed his views on Tencent many times in public. Three years ago, he boldly bought the bottom of Tencent, and the stock price was about HK$300 at that time. However, Tencent’s stock price then fell all the way to HK$180, and many followers were deeply trapped as a result. But the story doesn’t end there - investors who survived that difficult time have now doubled their returns, and Tencent’s current stock price is as high as HK$657. This experience even sparked an interesting online interaction. A Snowball user once posted a message saying: “Most people who buy Tencent actually have no investment ability.” After seeing this remark, Duan Yongping responded bluntly: “Shut up!” It seems that you are richer than me. This confrontation fully demonstrated his investment confidence and personality.

Nvidia’s blockbuster layout in the fourth quarter of last year

In addition to classic holdings such as NetEase, Apple, Moutai and Tencent, Duan Yongping made a major adjustment in the fourth quarter of last year. He aggressively increased his position during Nvidia’s high period, quickly pushing it from a marginal position to the top three heavy stocks. Although Nvidia has had almost zero gains since the fourth quarter and the market has remained high and volatile, Duan Yongping’s move reveals his deep optimism about the future prospects of the AI industry.

Comprehensive card slots of the AI industry chain

What is more noteworthy is that Duan Yongping also opened a position in the fourth quarter of last year to buy three AI-related companies, CoreWeave, Credo and Tempus, with new shares of 29.99 shares, 14.13 shares, and 11 shares respectively. These three companies focus on three key nodes in the AI industry chain - computing power, connectivity and applications. This layout shows that Duan Yongping is not simply optimistic about Nvidia, but has systematically laid out the entire AI industry ecosystem.

From Xiaobawang to BBK, from 100 times NetEase to Apple with a market value of 4 trillion yuan, and then to today’s AI full-chain layout, Duan Yongping’s investment trajectory has always followed a set of core concepts - in the new era of Gengjin Ruyi and Vientiane renewal, looking for opportunities that are ignored by the market but have long-term value. His investment code is a perfect blend of patience, foresight, and firm decision-making at critical moments.