HI
H&H International Investment, LLC — 13F Portfolio Report & Top Holdings (Q2 2026)
H&H International Investment, LLCCIK: 0001759760
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$19.1B
Reporting period: 2026-06-30 · Number of holdings: 18
H&H International Investment, LLC disclosed 18 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $19.1B and a quarterly turnover rate of 15.4%.
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Personality snowflake
- Concentration
- 99.73
- Portfolio Stability
- 15.44
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 36
- Sizing Uniformity
- 80.78
H&H International Investment, LLC's disclosed holdings carry a Herfindahl concentration index of 0.249 — mathematically equivalent to about 4 equally-sized positions, well below its 18 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.92), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 10.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim NVDA
-54.6% -$1.2B
Add AAPL
-6.4% $495.2M
Add BRK-B
+0.9% $234.8M
Trim GOOG
-46.9% -$367.5M
Add TSLA
-0.8% $154.5M
Trim OXY
0.0% -$168.6M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
In the quarter ended 2026-06-30, this institution executed a clear rotation: it trimmed mega-cap tech positions like NVIDIA (weight fell from 12.07% to 6.58%) and Alphabet (5.31% to 3.64%), while adding to Berkshire Hathaway (BRK-B, weight rising to 24.18%) and PDD (holding around 10%). With only 18 holdings and a concentration score of 99.73, the portfolio remains extremely clustered; top-10 weights account for roughly 80% of assets. However, even within this concentrated structure, the active trims and adds indicate a deliberate shift away from momentum leaders toward perceived value anchors, possibly to temper volatility in a high-beta sleeve.
Macro & Fundamentals
These flows appear to align with a backdrop of profit-taking in AI/semiconductor names after strong runs—NVIDIA and Alphabet trims, paired with an increase in Berkshire, suggest concerns about tech valuations or a desire for ballast amid uncertainty. That said, the portfolio's sector mix (66.2% information technology, 23.2% consumer discretionary) shows no wholesale abandonment of growth; instead, the manager seems to be rotating within the growth universe. The data is thin—no explicit rationale is provided—so this is an inference from positioning, not a confirmed causal claim.
Blind Spots / Risks
A key data-driven blind spot is the concentration risk in high-beta names: despite trimming NVIDIA, the technology sector still accounts for over two-thirds of the portfolio, and TSLA's weight actually increased (6.34% to 7.44%), as did CRDO's (0.35% to 1.0%). This suggests the manager may have trimmed some high-volatility positions while adding to others, leaving the book exposed to a sharp tech drawdown. Additionally, PDD is tagged as an add, yet its weight declined slightly (10.09% to 9.99%)—likely due to adverse price action—creating a mixed signal that could be misinterpreted without examining share counts.
The summary above is AI-generated directly from this institution's Form 13F filings on the SEC's EDGAR system and reflects historical holdings only. It is not investment advice — verify the details against the original filing linked below. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 41.05% | +4.33% | -6.38% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 24.18% | +2.27% | +0.90% | |
| 3 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 9.99% | -0.10% | +26.71% | |
| 4 | TSLA | Tesla Inc | Stock-Consumer Disc | 7.44% | +1.10% | -0.84% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 6.58% | -5.49% | -54.63% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.64% | -1.67% | -46.88% | |
| 7 | OXY | Occidental Petroleum CORP | Stock-Energy | 2.61% | -0.72% | — | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.47% | -0.41% | -25.78% | |
| 9 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 1.00% | +0.65% | -6.66% | |
| 10 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.87% | +0.06% | -33.55% | |
| 11 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.86% | +0.13% | +12.89% | |
| 12 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.15% | +0.15% | NEW | |
| 13 | CRCL | Circle Internet Group Inc | Stock-Financials | 0.07% | -0.03% | — | |
| 14 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.04% | — | — | |
| 15 | SNPS | Synopsys Inc | Stock-Tech | 0.02% | — | — | |
| 16 | SNOW | Snowflake Inc | Stock-Tech | 0.01% | — | — | |
| 17 | TEM | Tempus Ai Inc-cl A | Stock-Healthcare | 0.01% | +0.01% | — | |
| 18 | INOD | Innodata Inc | Stock-Other | — | — | — |
Portfolio Performance
Performance for Q4 2026
+7.1%
Performance Last 4 Quarters
+14.1%
Based on 76% of reported portfolio value with available pricing
- Stdev
- +17.8%
- Beta
- +0.72
- Alpha
- +6.2%
- Max Drawdown
- -16.7%
- Annualized Perf
- +23.1%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +2.65
- Stutzer
- +0.38
- Treynor
- +0.31
- Sterling
- +1.1
- Calmar
- +1.38
- Information Ratio
- -0.01
- Tracking Error
- +15.8%
- Stdev Down
- +8.5%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +48.6%
- Worst 12 Months
- -1.2%
- Efficiency Ratio
- +0.53
- Sharpe
- +1.26
- Stdev Sectors
- +23.5%
- Skewness
- +0.2
- Kurtosis
- -0.8
- Upside Potential
- +4.51
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 18 | $19.1B | 15 | ||
| 2026 Q1 | 19 | $20.0B | 37 | ||
| 2025 Q4 | 14 | $17.5B | 22 | ||
| 2025 Q3 | 11 | $14.7B | 22 | ||
| 2025 Q2 | 10 | $11.5B | 0 | ||
| 2025 Q1 | 11 | $12.0B | 100 | ||
| 2024 Q4 | 8 | $14.5B | 0 | ||
| 2024 Q3 | 8 | $16.5B | 0 | ||
| 2024 Q2 | 9 | $16.6B | 0 | ||
| 2024 Q1 | 9 | $14.2B | 0 | ||
| 2023 Q4 | 9 | $14.5B | 0 | ||
| 2023 Q3 | 9 | $13.3B | 0 | ||
| 2023 Q2 | 8 | $14.8B | 0 | ||
| 2023 Q1 | 9 | $13.3B | 0 | ||
| 2022 Q4 | 8 | $10.8B | 0 | ||
| 2022 Q3 | 8 | $9.5B | 0 | ||
| 2022 Q2 | 8 | $8.6B | 0 | ||
| 2022 Q1 | 8 | $9.4B | 0 | ||
| 2021 Q4 | 12 | $8.1B | 0 | ||
| 2021 Q3 | 11 | $7.8B | 0 | ||
| 2021 Q2 | 10 | $7.9B | 95 | ||
| 2021 Q1 | 9 | $7.2B | 17 | ||
| 2020 Q4 | 14 | $7.0B | 16 | ||
| 2020 Q3 | 13 | $6.2B | 27 | ||
| 2020 Q2 | 15 | $5.2B | 61 | ||
| 2020 Q1 | 17 | $2.9B | 53 | ||
| 2019 Q4 | 11 | $2.0B | 30 | ||
| 2019 Q3 | 12 | $1.6B | 12 | ||
| 2019 Q2 | 12 | $1.5B | 26 | ||
| 2019 Q1 | 9 | $1.1B | 29 | ||
| 2018 Q4 | 8 | $835.8M | 0 |
Holding changes this quarter
H&H International Investment, LLC's most significant position changes for 2026-06-30: Sold out: Taiwan Semiconductor-sp Adr (TSM); New buy: Alibaba Group Holding-sp Adr (BABA); Sold out: Crowdstrike Holdings Inc - A (CRWD); Trim: Nvidia CORP (NVDA) — shares -54.63%; Trim: Apple Inc (AAPL) — shares -6.38%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +4.3% | -6.38% | Trim |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | +2.3% | +0.90% | Add |
| 3 | TSLA | Tesla Inc | +1.1% | -0.84% | Trim |
| 4 | CRDO | Credo Technology Group Holding Ltd | +0.7% | -6.66% | Trim |
| 5 | BABA | Alibaba Group Holding-sp Adr | +0.2% | NEW | New buy |
| 6 | DIS | Walt Disney Co/the | +0.1% | +12.89% | Add |
| 7 | UNH | Unitedhealth Group Inc | +0.1% | -33.55% | Trim |
| 8 | TEM | Tempus Ai Inc-cl A | 0% | — | Unchanged |
| 9 | PLTR | Palantir Technologies Inc-a | — | — | Unchanged |
| 10 | SNOW | Snowflake Inc | — | — | Unchanged |
| 11 | SNPS | Synopsys Inc | — | — | Unchanged |
| 12 | INOD | Innodata Inc | — | — | Unchanged |
| 13 | CRWD | Crowdstrike Holdings Inc - A | 0% | EXIT | Sold out |
| 14 | CRCL | Circle Internet Group Inc | 0% | — | Unchanged |
| 15 | PDD | Pdd Holdings Inc | -0.1% | +26.71% | Add |
| 16 | TSM | Taiwan Semiconductor-sp Adr | -0.3% | EXIT | Sold out |
| 17 | MSFT | Microsoft CORP | -0.4% | -25.78% | Trim |
| 18 | OXY | Occidental Petroleum CORP | -0.7% | — | Unchanged |
| 19 | GOOG | Alphabet Inc-cl C | -1.7% | -46.88% | Trim |
| 20 | NVDA | Nvidia CORP | -5.5% | -54.63% | Trim |
Filing History
FAQ
What is H&H International Investment, LLC and what type of investor is it?
H&H International Investment, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $19.1B, spread across 18 disclosed positions.
What are H&H International Investment, LLC's largest equity positions?
Based on the latest 13F filing, H&H International Investment, LLC's top holdings by market value are:
1. Apple Inc (AAPL) — $7.8B (41.0%)
2. Berkshire Hathaway Inc-cl B (BRK-B) — $4.6B (24.2%)
3. Pdd Holdings Inc (PDD) — $1.9B (10.0%)
4. Tesla Inc (TSLA) — $1.4B (7.4%)
5. Nvidia CORP (NVDA) — $1.3B (6.6%)
What changes did H&H International Investment, LLC make in its most recent portfolio filing?
In the latest reported quarter, H&H International Investment, LLC made 13 notable position adjustments: 1 new positions were initiated, 3 existing holdings were added to, 7 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Taiwan Semiconductor-sp Adr (TSM); New buy: Alibaba Group Holding-sp Adr (BABA); Sold out: Crowdstrike Holdings Inc - A (CRWD); Trim: Nvidia CORP (NVDA) — shares -54.63%; Trim: Apple Inc (AAPL) — shares -6.38%
What sectors does H&H International Investment, LLC focus on?
H&H International Investment, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 66.2%
• Consumer Discretionary: 23.2%
• Communication Services: 5.9%
• Energy: 3.4%
• Health Care: 1.1%
• Financials: 0.1%
Investment Profile
H&H International Investment, LLC returned an annualized 23.1% over the trailing 36 months — outperforming the S&P 500 by 6.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.72 (less volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 66.2% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 15 over the past 4 quarters — a shift toward more active trading.
It has added to its BRK-B position over the past two quarters (+$1.0B, now $4.6B), while trimming MSFT over the same stretch (-$134.1M, still holding $281.3M).
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