Duan Yongping Holds Pop Mart for Decade, Sells Puts on AI Giants

Woofun AI reports that investor Duan Yongping has anchored his portfolio strategy around a decade-long commitment to Pop Mart, while simultaneously executing complex option trades to gain exposure to the artificial intelligence sector. This dual approach involves locking in long-term equity positions while utilizing derivatives to manage entry points for high-growth tech assets.

The strategic rotation was detailed in a social media exchange with Zhang Yaqi from Wall Street See News on the 23rd, where Duan addressed inquiries regarding potential shifts toward Elon Musk’s ventures. Rather than divesting Pop Mart to buy into SpaceX, Duan clarified that his Apple holdings have matured, with some call options exercised, prompting a shift of proceeds into U.S. Treasury bonds. He noted that while current prices are lower than exercise levels, he remains uninterested in buying at these valuations. Instead, he is actively selling put options on Micron (MU), SpaceX, Tesla, and Palantir (PLTR) to accumulate AI-related assets.

Concurrently, he plans to moderately increase stakes in Google and Berkshire Hathaway (BRK.B) while maintaining his NVIDIA (NVDA) position through continued put-selling upon expiration.

Woofun AI data shows that this conviction is backed by significant capital deployment, as HKEX filings from July 10 revealed Duan increased his Pop Mart stake from 91.2728 million to 102 million shares. This transaction raised his ownership percentage from 6.85% to 7.65%, solidifying his status as a major shareholder. The expansion occurred despite market volatility, indicating a deliberate accumulation strategy rather than passive holding.

Fundamentally, Duan justifies this long-term hold by citing Pop Mart’s market capitalization of approximately 200 billion Hong Kong dollars and its recent profit generation of 13 billion yuan. He argues that the company’s proven business model and strong corporate culture support the likelihood that average annual profits over the next 10 to 20 years will remain at or above current levels. This valuation framework prioritizes sustainable earnings power over short-term market sentiment.

This investment philosophy explicitly disregards short-term profit fluctuations in favor of a horizon spanning 10 or 20 years. Duan emphasizes that his assumptions are derived solely from his own experiences and understanding of the world, acknowledging that while he cannot guarantee correctness, the focus remains on long-term structural value rather than immediate market noise.