Recently, major international investment institutions submitted their 13F reports to the SEC, disclosing their holdings as of December 31, 2024. In this quarter, Buffett increased his stake in Occidental Petroleum (OXY.US), and Berkshire Hathaway's total market value of U.S. equity holdings reached approximately $267 billion, a slight increase from the third quarter. Specifically, Berkshire initiated 1 new position, increased 5 positions, closed 3 positions, and reduced 8 positions. The top ten holdings accounted for nearly 90% of the total market value. Apple (AAPL.US) remained the largest holding, with a maintained position valued at $75.126 billion, making up 28% of the portfolio. However, Buffett significantly reduced his holdings in Bank of America (BAC.US) by 117 million shares, lowering his stake to 680 million shares, indicating a gradual divestment from the stock. Additionally, the only new position established by Berkshire in the fourth quarter was in the beverage giant Constellation Brands (STZ.US), acquiring 5.6243 million shares valued at $1.243 billion.

At the same time, Duan Yongping's investment account, H&H International Investment, also increased its stakes in Occidental Petroleum and Pinduoduo (PDD.US) in the fourth quarter, aligning with Buffett’s actions. Duan's total holdings reached $14.516 billion, with Apple still being the largest position, although its proportion decreased. The account also held $1.641 billion in Berkshire B shares, reflecting an endorsement of Buffett's investment strategy.

In stark contrast, Bridgewater Associates had a total holding size of $21.8 billion in the fourth quarter, an increase of $4.1 billion from the third quarter. The fund significantly reduced its positions in six major tech giants, particularly Apple, which saw a 40% reduction. Bridgewater's founder, Ray Dalio, noted that current asset prices related to AI are high, coupled with rising interest rates, making market risks considerable. This shift in strategy indicates that Bridgewater is gradually taking profits from tech stocks to mitigate potential market volatility.

Meanwhile, BlackRock fully increased its stakes in the "Fab Five" U.S. tech giants, making 1% to 3% increases across these companies, ensuring they all entered its top ten holdings. BlackRock's total market value of holdings reached $4.94 trillion, demonstrating its firm confidence in the U.S. market.

Additionally, Goldman Sachs significantly increased its holdings in Bitcoin ETFs in the fourth quarter, holding $1.27 billion worth of Bitcoin exchange-traded funds (ETFs), an increase of 88% from previous holdings. Goldman also disclosed $288 million in shares of the Fidelity Smart Origin Bitcoin Fund, indicating ongoing interest in the cryptocurrency market.

Finally, renowned hedge fund manager Michael Burry drastically reduced his positions in Alibaba and JD.com while establishing a new position in Pinduoduo in the fourth quarter. Burry's holdings data showed that Chinese stocks accounted for 53% of his total disclosed holdings, down from 65% in the previous quarter, reflecting a reassessment of the future prospects of these companies. This series of actions highlights the varied strategies among investment institutions in the current market environment, showcasing different risk appetites and investment logics.

How to Trade on uSMART

After logging into the uSMART HK APP, click on the search icon at the top right of the screen. Enter the stock code, such as "PDD.US" to access detailed information, trading history, and trends. Click the “Trade” button at the bottom right, select the “Buy/Sell” function, and submit your order after filling in the transaction conditions.

（Source: uSMART HK）