Recently, well-known investor Duan Yongping posted some of his holdings on the investment exchange platform Snowball with the ID "The road is invisible but I am stylish". The picture shows,This account started buying Apple (AAPL.US) stocks in November 2011, with a cumulative return rate of 1623.48%, and the current income is approximately US$34.26 million.
Duan Yongping said,"This is Apple (stock) on an account I manage. It has hardly been touched for so many years."The picture shows that the account purchased Apple stocks in November 2011 and December 2022 respectively. The first purchase was 131,000 shares at an average price of US$13.75 per share; the second purchase was 2,388 shares at an average price of US$128.94 per share. The two investments brought Duan Yongping income of US$33.92 million and US$342,700 respectively, with yields as high as 1881.8% and 111.3%.
Information shows that Duan Yongping was born in Nanchang, Jiangxi Province in 1961. He graduated from Zhejiang University in 1982 and later obtained a master's degree in econometrics from Renmin University of China.
Duan Yongping founded well-known companies such as Xiaobawang and BBK, and indirectly contributed to the birth of OPPO and vivo brands. In terms of investment,Duan Yongping once bought NetEase at the bottom when the Internet bubble burst in 2000, making dozens of times of floating profits. In 2006, he also paid $620,100 for the opportunity to have lunch with Buffett.
According to Shanghai Securities News》According to the disclosure of 13F positions of US stock institutional investors in the second quarter in August this year, the positions of H&H International Investment managed by Duan Yongping were exposed. As of the end of the second quarter of 2025, the total market value of H&H International Investment's positions was approximately US$11.5 billion.
It is worth mentioning that Duan Yongping disclosed his purchase of Apple shares three years ago.In January 2023, Duan Yongping once issued an article saying that he swapped some Brk/B (referring to Berkshire Hathaway) to Apple. Tencent in the US stock market has basically switched to Apple, and the Hong Kong stock market has not moved yet.
At that time, Apple's stock price hit its lowest point in more than a year at $124.17 per share. There is news in the market that the sales of Apple products are lower than expected and it is involved in production cuts. When market news was negative for Apple, Duan Yongping posted a message saying, "I hope (Apple) can last at or below this price for a year or more, so that Apple's repurchase will be more efficient."
The earlier purchase was in November 2011, when Apple entered the "Cook Era". In August 2011, Steve Jobs resigned as CEO of Apple and died more than a month later. The market was full of uncertainty about Apple's future, and the stock price continued to fall, reaching the lowest point of $12.6 per share (later reinstated). Some netizens commented on this, "It takes a lot of courage to buy Apple stocks in November when the market is full of doubts about Cook's ability to lead Apple to a higher level."
In June this year, Duan Yongping stated on social platforms that he had begun selling Apple put options (puts). The screenshots he posted showed that the total amount sold was approximately US$1.44 million.
It should be noted that in the second half of 2025, Apple's stock price rebounded by 35%, achieving a net increase of over 11% during the year, outperforming the S&P 500 Index and many large technology stocks during the same period. On December 3, 2025, Apple's stock price hit a new high, with a maximum of over $288 per share. As of the close of U.S. stocks on January 2, 2026, Apple's stock price was US$271.01 per share, with a total market value of US$4 trillion.