Oriental Harbor (Dan Bin)

Oriental Harbor drastically reshaped its portfolio, exiting its top position Alphabet (20.3% weight) and a large Amazon stake while adding a new, sizeable position in Bank Montreal Quebec (11.2% weight). The portfolio maintains high concentration with top three holdings at 46.8%, up from 42.9%, as the manager rotates away from US mega-cap tech into financials and a new Alibaba position.

• × EXIT
  ALPHABET INC

  Exiting Alphabet, which was the largest holding at 20.3% of the portfolio, breaks the manager's prior heavy AI/technology focus.

• + NEW
  BANK MONTREAL QUE

  Initiating a new 11.2% position in Bank Montreal Que marks a notable shift into a defensive financial stock, diverging from the concentrated tech strategy.

• × EXIT
  AMAZON COM INC

  Exiting a 9.8% Amazon position entirely reinforces the rotation away from mega-cap tech, though a separate smaller Amazon stake was only halved.

• ▼ REDUCED
  AMAZON COM INC AMZN

  Reducing the remaining Amazon holding by 50% further trims technology exposure from the portfolio.

• + NEW
  ALIBABA GROUP HLDG LTD BABA

  Adding a new position in Alibaba (3.1% weight) aligns with the manager's China expertise and may signal a pivot toward Chinese tech opportunities.

• ◐ CONCENTRATION

  Portfolio concentration increased with top three weights rising to 46.8% from 42.9%, reflecting a concentrated bet in a fewer number of names.