FUND-LEVEL 13F POSITIONING DASHBOARD

Bridgewater · 单基金13F持仓深度分析

聚焦增减仓路径、核心底仓结构与行业配置迁移，识别季度内仓位重构信号。

披露季度: 2026Q1 对比基准: 2025Q4 净市值: $22.4B 标的数: 987 仓位变动率: 4.7%
Panel 1: 增仓与建仓
标的发行人全称增持/建仓额
▸ 大幅增持 (Top 10)
AMAZON COM I AMAZON COM INC +$464M+103.3%
MICRON TECHN MICRON TECHNOLOGY INC +$245M+96.3%
BROADCOM INC BROADCOM INC +$165M+40.8%
UNION PAC CO UNION PAC CORP +$117M+925.3%
MARVELL TECH MARVELL TECHNOLOGY INC +$109M+130.1%
NVIDIA CORPO NVIDIA CORPORATION +$98M+13.5%
ISHARES TR ISHARES TR +$82M+273.7%
CSX CORP CSX CORP +$72M+289.3%
VANGUARD IND VANGUARD INDEX FDS +$72M+314.0%
APPLIED MATL APPLIED MATLS INC +$69M+55.9%
▸ 新建仓位 (Top 5)
TAIWAN SEMICNEW TAIWAN SEMICONDUCTOR MANUFAC 首次建仓市值 $364M
NUCOR CORPNEW NUCOR CORP 首次建仓市值 $105M
PACCAR INCNEW PACCAR INC 首次建仓市值 $90M
SYNOPSYS INCNEW SYNOPSYS INC 首次建仓市值 $83M
TOWER SEMICONEW TOWER SEMICONDUCTOR LTD 首次建仓市值 $81M
Panel 2: 减持与清仓
标的发行人全称减持/清仓额
▸ 大幅减持 (Top 10)
ADOBE INC ADOBE INC $-446M-99.9%
BOOKING HOLD BOOKING HOLDINGS INC $-431M-99.9%
ALPHABET INC ALPHABET INC $-387M-77.7%
MASTERCARD I MASTERCARD INCORPORATED $-232M-99.2%
SPDR S AMP P SPDR S AMP P 500 ETF TR $-200M-6.6%
PAYPAL HLDGS PAYPAL HLDGS INC $-194M-99.8%
LAM RESEARCH LAM RESEARCH CORP $-185M-35.5%
VISA INC VISA INC $-181M-96.0%
EXPEDIA GROU EXPEDIA GROUP INC $-176M-99.9%
REDDIT INC REDDIT INC $-167M-94.8%
▸ 已清仓 (Top 5)
SALESFORCE IEXIT SALESFORCE INC -100.0%
WORKDAY INCEXIT WORKDAY INC -100.0%
SERVICENOW IEXIT SERVICENOW INC -100.0%
GLOBAL PMTS EXIT GLOBAL PMTS INC -100.0%
GODADDY INCEXIT GODADDY INC -100.0%
Panel 3: 核心底仓与行业矩阵（前100持仓）
前 5 大核心重仓股
1. STATE STR SPDR S&P 500 ETF T
12.67%
2. AMAZON COM INC
4.08%
3. NVIDIA CORPORATION
3.65%
4. BROADCOM INC
2.54%
5. MICRON TECHNOLOGY INC
2.23%
行业配置矩阵演变 (2025Q4 → 2026Q1)
核心行业
权重交叠 (2025Q4 → 2026Q1)
最新占比
Technology / TMT
+6.2%
2025Q4: 38.4%
2026Q1: 44.6%
ETF / Index Funds
-1.8%
2025Q4: 33.0%
2026Q1: 31.2%
Industrials / Energy
+4.2%
2025Q4: 6.3%
2026Q1: 10.5%
Healthcare
-0.7%
2025Q4: 4.8%
2026Q1: 4.1%
Mining / Commodities
+1.2%
2025Q4: 2.4%
2026Q1: 3.7%
Financials
-3.7%
2025Q4: 6.4%
2026Q1: 2.6%
Consumer / Retail
-4.7%
2025Q4: 7.0%
2026Q1: 2.4%
Convertible Bonds
+0.6%
2025Q4: 0.0%
2026Q1: 0.6%
Communications / Telecom
-1.5%
2025Q4: 1.7%
2026Q1: 0.2%
浅色底层=2025Q4历史 · 深色覆盖=2026Q1最新分布

Panel 1 增仓复盘

本季度增仓积极，共10个仓位显著增持（合计+$1.5B），5个全新建仓（合计$722M）。增量资金集中涌入Technology板块（9/15笔），代表标的：AMAZON COM INC、MICRON TECHNOLOGY IN、BROADCOM INC。

Panel 2 减仓复盘

防御性减仓显著：10个仓位减持（-$3.7B），5个完全清仓（-$1.1B），防御姿态明确。减仓高度集中于Technology板块（9/15笔），代表标的：ADOBE INC、ALPHABET INC。

Panel 3 结构轮动特征

板块轮动特征显著：Technology +6.2%，Industrials +4.2%；ETF -1.8%，Healthcare-0.7%。结构分化清晰。

宏观操盘风格与归因

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SEC Form 13F DATA | BUYSIDE TRACER DASHBOARD V3.1 | Bridgewater 2026Q1 | 2026-05-27 19:08