Dan Bin's USD 9.1 billion U.S. stock holdings are revealed, with Google replacing NVIDIA as the top holding
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According to the data on U.S. stock holdings of the overseas fund under Dongfang Gangwan, led by Dan Bin, in the fourth quarter of 2025, the market value of its holdings reached USD 1.316 billion (approximately RMB 9.1 billion), showing a slight increase compared to the third quarter. The fund made adjustments in the fourth quarter, completely liquidating several stocks, including Coinbase and Netflix, with Google replacing NVIDIA as the largest holding, with a market value of approximately USD 406 million, accounting for 31% of its U.S. stock holdings
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