Danbin's ORIENTAL HARBOR Fund Rebalances with Tesla Bet Amidst NVIDIA Trim

Danbin's ORIENTAL HARBOR INVESTMENT FUND recently submitted its U.S. stock holdings data as of the end of Q4 2024 to the U.S. Securities and Exchange Commission. The fund's total market value saw a slight increase to $9.95 billion from $9.69 billion in the previous quarter. In a notable shift, the fund significantly reduced its holdings in NVIDIA while increasing its stake in Tesla.

As of the end of 2024, the fund maintained a portfolio of 14 companies, with the top five holdings being NVIDIA, FNGU (a 3x leveraged ETF on the FANG+ index), Meta, Microsoft, and Apple. During the fourth quarter, the fund made new purchases in three stocks: Palantir, TSMC, and SoundHound AI, aside from the aforementioned changes in NVIDIA and Tesla holdings.

The fund's decision to cut its position in NVIDIA by 676,000 shares from 2.08 million to 1.41 million shares was significant, yet NVIDIA remained the largest holding with an end-of-quarter market value of $1.89 billion. This move suggests a cautious yet confident approach by Danbin, given NVIDIA's previous robust performance in 2024.

Conversely, the fund doubled down on Tesla, expanding its holdings from 56,200 to 121,500 shares. This reflects a positive outlook on the electric vehicle sector's growth potential and highlights ORIENTAL HARBOR's strategic focus on the burgeoning electric vehicle industry.

In a public statement, Danbin expressed pride in competing on the global asset management stage, stating that the performance was indicative of future potential. Notably, in 2024, several products under ORIENTAL HARBOR achieved over 50% returns, placing the fund among the top performers in the industry. The impressive gains were largely attributed to the significant appreciation of NVIDIA's stock, which soared over 170% during the year.

Danbin's investment choices illustrate a deep commitment to the intelligent technology sector, with artificial intelligence seen as one of the most promising areas for future investments. The strategic adjustments to the fund's holdings suggest a broader vision to harness opportunities in tech-driven industries.