HI
H&H International Investment, LLC 13F Disclosure & Portfolio Data
H&H International Investment, LLCCIK: 0001759760
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$20.0B
Reporting period: 2026-03-31 · Number of holdings: 19
H&H International Investment, LLC disclosed 19 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $20.0B and a quarterly turnover rate of 37.1%.
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Personality snowflake
- Concentration
- 86.43
- Portfolio Stability
- 37.15
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 38
- Sizing Uniformity
- 81.9
H&H International Investment, LLC's disclosed holdings carry a Herfindahl concentration index of 0.216 — mathematically equivalent to about 5 equally-sized positions, well below its 19 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 1.81), 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 5.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Recent moves
Trim AAPL
-10.5% -$1.5B
Add NVDA
+91.3% $1.1B
Add PDD
+71.2% $709.7M
Add GOOG
+99.7% $480.9M
Trim TSM
-87.7% -$321.0M
Add BRK-B
+27.5% $776.5M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
H&H International is actively arbitraging a rotation out of an extreme single-stock concentration in AAPL into a more diversified but still high-conviction AI basket — NVDA, GOOG, and a fresh TSLA position. This is a tactical reload for the next leg of tech momentum, braced with a Berkshire shield, not a retreat into defensives.
Macro & Fundamentals
The portfolio's shift to a 51% tech weighting with a 100 momentum score is a leveraged call on a self-reinforcing AI cycle that sustains margin growth and multiple expansion across its key names. The opposing thesis: both valuations and positioning in tech are at extremes, and any disappointment in AI monetization timelines could catch this concentrated, momentum-driven capital in a disorderly unwind.
Blind Spots / Risks
With a 100 momentum-contrarian rating and only 19 holdings, H&H is running a pure momentum factor bet disguised as a fundamental tech fund. The structural blind spot is that this strategy's entire edge depends on price trends continuing: a 10% correction in NVDA and TSLA simultaneously would leave zero buffer from sector diversification — Berkshire's 21% weight cannot offset that systemic factor risk.
The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.
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 | 36.72% | -13.58% | -10.55% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 21.91% | +1.28% | +27.47% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 12.07% | +4.35% | +91.29% | |
| 4 | PDD | Pdd Holdings INC | Stock-Consumer Disc | 10.09% | +2.61% | +71.18% | |
| 5 | TSLA | Tesla INC | Stock-Consumer Disc | 6.34% | +6.34% | NEW | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 5.31% | +1.98% | +99.74% | |
| 7 | OXY | Occidental Petroleum CORP | Stock-Energy | 3.33% | +0.23% | -22.10% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.88% | -0.50% | +18.28% | |
| 9 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.81% | +0.81% | NEW | |
| 10 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.73% | +0.27% | +112.33% | |
| 11 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.35% | +0.23% | +431.63% | |
| 12 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.26% | -1.87% | -87.65% | |
| 13 | CRCL | Circle Internet Group INC | Stock-Financials | 0.10% | +0.10% | NEW | |
| 14 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.04% | +0.04% | NEW | |
| 15 | SNPS | Synopsys INC | Stock-Tech | 0.02% | +0.02% | NEW | |
| 16 | CRWD | Crowdstrike Holdings INC - A | Stock-Tech | 0.02% | +0.02% | NEW | |
| 17 | SNOW | Snowflake INC | Stock-Tech | 0.01% | +0.01% | NEW | |
| 18 | TEM | Tempus Ai Inc-cl A | Stock-Healthcare | — | -0.04% | -81.82% | |
| 19 | INOD | Innodata INC | Stock-Other | — | — | NEW |
Portfolio Performance
Performance for Q3 2026
+11.1%
Performance Last 4 Quarters
+44.4%
Based on 70% of reported portfolio value with available pricing
- Stdev
- +19.6%
- Beta
- +0.77
- Alpha
- +3.7%
- Max Drawdown
- -16.7%
- Annualized Perf
- +17.4%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +1.79
- Stutzer
- +0.27
- Treynor
- +0.23
- Sterling
- +0.83
- Calmar
- +1.04
- Information Ratio
- -0.03
- Tracking Error
- +17.1%
- Stdev Down
- +10%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +49%
- Worst 12 Months
- -1.4%
- Efficiency Ratio
- +0.35
- Sharpe
- +0.91
- Stdev Sectors
- +17.2%
- Skewness
- +0.23
- Kurtosis
- -0.98
- Upside Potential
- +3.79
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 19 | $20.0B | 37 | |
| 2025-12-31 | 14 | $17.5B | 22 | |
| 2025-09-30 | 11 | $14.7B | 22 | |
| 2025-06-30 | 10 | $11.5B | 0 | |
| 2025-03-31 | 11 | $12.0B | 100 | |
| 2024-12-31 | 8 | $14.5B | 0 | |
| 2024-09-30 | 8 | $16.5B | 0 | |
| 2024-06-30 | 9 | $16.6B | 0 | |
| 2024-03-31 | 9 | $14.2B | 0 | |
| 2023-12-31 | 9 | $14.5B | 0 | |
| 2023-09-30 | 9 | $13.3B | 0 | |
| 2023-06-30 | 8 | $14.8B | 0 | |
| 2023-03-31 | 9 | $13.3B | 0 | |
| 2022-12-31 | 8 | $10.8B | 0 | |
| 2022-09-30 | 8 | $9.5B | 0 | |
| 2022-06-30 | 8 | $8.6B | 0 | |
| 2022-03-31 | 8 | $9.4B | 0 | |
| 2021-12-31 | 12 | $8.1B | 0 | |
| 2021-09-30 | 11 | $7.8B | 0 | |
| 2021-06-30 | 10 | $7.9B | 95 | |
| 2021-03-31 | 9 | $7.2B | 17 | |
| 2020-12-31 | 14 | $7.0B | 16 | |
| 2020-09-30 | 13 | $6.2B | 27 | |
| 2020-06-30 | 15 | $5.2B | 61 | |
| 2020-03-31 | 17 | $2.9B | 53 | |
| 2019-12-31 | 11 | $2.0B | 30 | |
| 2019-09-30 | 12 | $1.6B | 12 | |
| 2019-06-30 | 12 | $1.5B | 26 | |
| 2019-03-31 | 9 | $1.1B | 29 | |
| 2018-12-31 | 8 | $835.8M | 0 |
Holding changes this quarter
H&H International Investment, LLC's most significant position changes for 2026-03-31: New buy: Tesla INC (TSLA); Sold out: Alibaba Group Holding-sp Adr (BABA); New buy: Unitedhealth Group INC (UNH); Sold out: Coreweave Inc-cl A (CRWV); New buy: Circle Internet Group INC (CRCL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +4.4% | +91.29% | Add |
| 2 | PDD | Pdd Holdings INC | +2.6% | +71.18% | Add |
| 3 | GOOG | Alphabet Inc-cl C | +2% | +99.74% | Add |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | +1.3% | +27.47% | Add |
| 5 | DIS | Walt Disney Co/the | +0.3% | +112.33% | Add |
| 6 | OXY | Occidental Petroleum CORP | +0.2% | -22.10% | Trim |
| 7 | CRDO | Credo Technology Group Holding Ltd | +0.2% | +431.63% | Add |
| 8 | TEM | Tempus Ai Inc-cl A | 0% | -81.82% | Trim |
| 9 | MSFT | Microsoft CORP | -0.5% | +18.28% | Add |
| 10 | TSM | Taiwan Semiconductor-sp Adr | -1.9% | -87.65% | Trim |
| 11 | AAPL | Apple INC | -13.6% | -10.55% | Trim |
| 12 | TSLA | Tesla INC | — | NEW | New buy |
| 13 | BABA | Alibaba Group Holding-sp Adr | — | EXIT | Sold out |
| 14 | UNH | Unitedhealth Group INC | — | NEW | New buy |
| 15 | CRWV | Coreweave Inc-cl A | — | EXIT | Sold out |
| 16 | CRCL | Circle Internet Group INC | — | NEW | New buy |
| 17 | ASML | ASML Holding N.V. | — | EXIT | Sold out |
| 18 | PLTR | Palantir Technologies Inc-a | — | NEW | New buy |
| 19 | SNPS | Synopsys INC | — | NEW | New buy |
| 20 | CRWD | Crowdstrike Holdings INC - A | — | NEW | New buy |
| 21 | SNOW | Snowflake INC | — | NEW | New buy |
| 22 | INOD | Innodata INC | — | NEW | New buy |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-19 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | Amendment | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-10 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-30 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-11 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-18 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-17 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-15 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-03 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-04-02 | 13F-HR | View on EDGAR |
FAQ
What is H&H International Investment, LLC and what type of investor is it?
H&H International Investment, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $20.0B, spread across 19 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) — $7.3B (36.7%)
2. Berkshire Hathaway Inc-cl B (BRK-B) — $4.4B (21.9%)
3. Nvidia CORP (NVDA) — $2.4B (12.1%)
4. Pdd Holdings INC (PDD) — $2.0B (10.1%)
5. Tesla INC (TSLA) — $1.3B (6.3%)
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 22 notable position adjustments: 8 new positions were initiated, 7 existing holdings were added to, 4 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Tesla INC (TSLA); Sold out: Alibaba Group Holding-sp Adr (BABA); New buy: Unitedhealth Group INC (UNH); Sold out: Coreweave Inc-cl A (CRWV); New buy: Circle Internet Group INC (CRCL)
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: 51.2%
• Financials: 22.0%
• Consumer Discretionary: 16.5%
• Communication Services: 6.1%
• Energy: 3.4%
• Health Care: 0.8%
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