Dan Bin's overseas fund at Oriental Harbor sharply reshaped its U.S. equity portfolio at the end of the second quarter of 2026, cutting marquee holdings such as Apple and Tesla and redirecting capital into AI hardware shares tied to computing power and memory. Simuwang data showed the fund held 13 U.S.-listed stocks at the end of Q2 2026 with a total market value of about $1.65 billion, or 11.1 billion yuan, up roughly 45.63% from $1.133 billion at the end of Q1. The fund exited six names, including Apple, a 3x leveraged Nasdaq-100 ETF, Tesla and CIRCLE INTERNET GROUP INC, and added seven new positions focused entirely on AI hardware: Intel, SanDisk, Advanced Micro Devices (AMD), Marvell Technology, Arm Holdings plc ADR, Broadcom and optical components supplier Lumentum. Google-C remained the largest holding at about 23% of the portfolio, though the position was reduced. The fund also sold Google-A and a 2x leveraged Google ETF, signaling lower dependence on Alphabet-related assets. Intel became the second-largest holding immediately after entering the portfolio, overtaking Nvidia, which slipped to third after leading for multiple quarters. Oriental Harbor also increased its Micron Technology stake by about 102% quarter over quarter, while newly added SanDisk became the fourth-largest holding, underscoring a strong bet on AI-driven memory demand. During a volatile stretch for global tech stocks and a July correction, Dan Bin said, "We did not panic sell or significantly reduce our positions," adding that his domestic China products remain broadly fully invested with only limited structural adjustments. He said his team captured the global AI opportunity through Nvidia in 2023, but only became fully weighted in China's onshore AI supply chain in 2026. In early July, he said the pullback in A-share tech stocks was mainly driven by sentiment spillover from valuation declines in U.S. and South Korean AI memory shares rather than deteriorating industry fundamentals. Dan Bin said AI computing demand is still expanding and argued that China's semiconductor and computing hardware growth case remains intact. Looking ahead, he said the June-to-August period in the U.S. market is a concentrated risk-release window and that once valuations normalize, fourth-quarter seasonality could help the market resume its uptrend. "The AI era will not end in just three or four years; I have always firmly believed this," he said.