Jinglin, Dan Bin, heavily buying Google!

After Berkshire Hathaway’s bet on Google, private equity giants Jinglin and Dongbin’s Orient Harbor have both significantly increased their holdings in Google.

Recently, Dongbin, Chairman of Orient Harbor, publicly expressed optimism about AI applications. He stated that if 2025 is the starting and buildup phase for artificial intelligence, then 2026 is likely to become a year of rapid AI application development, with various innovations emerging one after another.

Google Becomes Jinglin’s Largest U.S. Holding

On February 6, local time, Jinglin Asset Management Hong Kong Limited, the overseas entity of private equity giant Jinglin, submitted its U.S. stock holdings data as of the end of 2025 to the U.S. Securities and Exchange Commission (SEC).

In the fourth quarter of 2025, Jinglin Hong Kong significantly increased its holdings of Google-A (GOOGL) by nearly 930,000 shares, making it the new largest holding, with a position value of $842 million at the end of the quarter, accounting for over 20% of its portfolio. At the same time, it sharply reduced its holdings of Nvidia by 1.54 million shares and decreased its Meta holdings by about 230,000 shares.

Jinglin Hong Kong’s Major Holdings Changes in Q4 2025

By the end of 2025, Jinglin Hong Kong’s top five holdings were Google-A, Meta, Pinduoduo, NetEase, and Manbang Group. In contrast, at the end of Q3 2025, the top five were Meta, NetEase, Nvidia, Pinduoduo, and Google-A.

Jinglin Hong Kong’s Top Five Holdings as of the End of 2025

Image Source: WhaleWisdom.com

In terms of buying and selling, besides Google, Jinglin Hong Kong also increased its holdings of Pinduoduo, Futu Holdings, Intel, and Huazhu Group in Q4 2025, and established a new position in Broadcom. Besides reducing Nvidia and Meta, it also cut holdings in Ke Holdings, UnitedHealth, and TSMC during the same period.

Berkshire Hathaway and But Bin Both Heavy Buy Google

Recently, Google has been frequently purchased in large amounts by major investors.

An earlier signal came from Berkshire Hathaway’s Q3 2025 report. During Warren Buffett’s tenure as CEO, Berkshire Hathaway made a rare position in Google-A, buying nearly 17.85 million shares, making it the tenth-largest holding.

Since Berkshire Hathaway’s purchase, Google’s stock price has risen steadily. Data shows that from September 30, 2025, to February 6, 2026, Google’s stock price increased by about 32%. During the same period, Nvidia’s stock price slightly declined by 0.63%.

On January 27, this year, Dongbin’s Orient Harbor disclosed its U.S. stock holdings for Q4 2025, revealing that it also heavily increased its Google holdings in Q4 2025, focusing on Google-C (GOOG) and 2x leveraged GOOGL-Direxion (GGLL).

At the end of Q3 2025, Google-C was Orient Harbor’s second-largest U.S. stock holding. It increased its position by over 40% in Q4 2025, making it the largest holding by the end of 2025, with a proportion of 30.85%. Additionally, Orient Harbor had already established a position in 2x leveraged GOOGL-Direxion in Q3 2025, and continued to significantly add to it in Q4 2025, further leveraging its Google position.

Orient Harbor’s Entire Portfolio as of the End of 2025

Image Source: WhaleWisdom.com

Investment Institutions Are Optimistic About AI Applications in 2026

Recently, But Bin stated in an interview with the media: “If 2025 is the starting and buildup phase for artificial intelligence, then 2026 is very likely to be a year of rapid AI application development, with various innovations emerging one after another.”

But Bin believes: “Extending the timeline to a longer-term cycle, this is likely just a year of preparation. We still firmly believe that artificial intelligence will have a ten-year market cycle, and the main direction of AI will continue this year.”

AI applications are also a field that most domestic institutions are optimistic about this year.

CITIC Securities (601066) Chief Analyst of the Media and Communications Industry Yang Aili firmly believes in the main theme of AI applications. She thinks that compared to 2025, the changes in AI applications in 2026 will no longer be just conceptual but will truly find scenarios for implementation and reshape business narratives. Moreover, continuous large-scale investments in computing power and talent by industry players make commercialization very urgent.

Guojin Securities’ computer industry analyst Liu Gaocang believes that AI applications in 2026 will be “compulsory courses.” The fundamentals of the entire AI application industry showed a turning point in the second half of 2025, and the strong elasticity on the profit side has strongly validated the logic of cost reduction and efficiency increase. The sector has entered a right-side investment zone supported by fundamentals.

A relevant person from CICC Fund’s mixed asset department told China Securities Journal that currently, the competition for AI application users has entered a heated stage. The AI industry is shifting from infrastructure investment to the period of commercial value realization. Capital will migrate along the downstream application segments of the industry chain that can quickly generate cash flow, with a focus on AI application scenarios, including C-end AI super portals, AI programming, and B-end enterprise service agents.