At the 2025 Analyst Conference, known as the "Oscars of the Capital Market," industry experts, scholars, fund managers, and leading analysts gathered to explore investment strategies for navigating market cycles.

Dan Bin, founder and chairman of Oriental Harbor, delivered a keynote speech, revealing a strategic shift in his firm's investment approach. He noted that while Nvidia had been Oriental Harbor's top holding for the past two years, Alphabet (GOOG) was added as the second-largest position earlier this year.

Dan Bin explained that despite initial concerns about AI's impact on Alphabet's valuation, his research team concluded that AI actually enhances the company's business rather than undermining it. This insight led to the decision to increase exposure to Alphabet.

He highlighted that major investors, including Warren Buffett's Berkshire Hathaway, George Soros, Duan Yongping, and others, have also recently increased their stakes in Alphabet. Dan Bin emphasized the significance of Berkshire's move, likening it to "a loud bell ringing across the world," signaling confidence in the AI era.

He expressed anticipation for Berkshire's next quarterly report, hoping to see continued growth in its Alphabet investment—similar to its gradual buildup in Apple. If this trend persists, Dan Bin believes it would reflect broader market recognition of Alphabet's role in the AI-driven future.

Dan Bin presented a slide showing the latest holdings of prominent funds, including Oriental Harbor, Hillhouse Capital, and others. He remarked that a fund manager's portfolio is like a "painting of the world," reflecting their outlook and convictions.

Investors are advised to conduct their own research before making decisions, as market views vary and risks remain.