Duke Family Office Buys Baidu and Boosts Tech Stakes in Q2, Portfolio Rises to $5.1 Billion
The Duke Family Office built its first US-listed Chinese stock position in over two years, buying 88,000 Baidu ADRs in the second quarter of 2026, representing 0.2% of its portfolio. Its total holdings rose to $5.1 billion from $3.38 billion, driven by increases in Alphabet, Amazon, TSMC and STMicroelectronics. TSMC, now the second-largest holding at 5.4%, was among the key boosts.
The Duke Family Office established a position in Baidu American Depositary Receipts during the second quarter of 2026, buying 88,000 ADRs, which account for 0.2% of its portfolio, according to the latest 13F filing. This marks the office's first purchase of a US-listed Chinese stock in more than two years, after it had fully exited its Alibaba ADR position in the fourth quarter of 2023 and held no other such securities as of the prior disclosure. Baidu reported in May 2026 that its artificial-intelligence-related revenue share exceeded half for the first time in its first-quarter 2026 earnings release.