Recently, the esteemed investor Duan Yongping took to the Xueqiu platform, using the handle 'Great Way Invisible, I Have Form,' to proudly display some of the holdings in the account he oversees. Since November 2011, this particular account has been consistently acquiring Apple (AAPL.US) stocks, amassing a staggering cumulative return rate of 1623.48%, which translates to a profit of roughly $34.26 million.
Delving into the holding records, it's revealed that the account made two strategic purchases of Apple stocks: one in November 2011 and another in December 2022. During the inaugural purchase in November 2011, the account snapped up 131,000 shares at an average cost of $13.75 per share. Fast forward to December 2022, and the account added another 2,388 shares to its portfolio, this time at an average price of $128.94 per share.
These two astute investments have paid off handsomely, with the first yielding a profit of $33.92 million (a remarkable 1881.8% return) and the second generating a profit of $342,700 (an impressive 111.3% return).