The overseas fund, managed by Dan Bin on behalf of the Oriental Harbor Investment Management Group, has unveiled its holdings for the third quarter of 2025. The portfolio has grown to a substantial $1.292 billion, encompassing 17 stocks.

The U.S. stock market exhibited a robust performance during the third quarter, with Nvidia and Google retaining their positions as the fund's top two holdings. Noteworthy changes in the portfolio include the acquisition of 221,000 Alibaba shares, propelling Alibaba onto the list of the fund's top ten holdings. Concurrently, the fund significantly reduced its stakes in Amazon and Netflix, resulting in their exclusion from the top ten.

Moreover, the fund has made fresh investments in two stocks linked to the AI industry chain: Astera Labs and Broadcom, underscoring its ongoing commitment to the AI sector. In the realm of cryptocurrencies, the fund has newly acquired BitMine Immersion Technologies. Regarding leveraged products, the fund has initiated investments in double-long Google and divested from its position in double-long Nvidia.

Dan Bin opines that there exists a substantial disparity between Chinese internet companies and the behemoths of the U.S. stock market, expressing hope that the former can reclaim their past glory. He also emphasized that the risk of missing out on a transformative era far surpasses the risk associated with a potential bubble, thereby maintaining a resolutely bullish stance on AI.