13F 披露季度：2026Q1 | 对比基准：2025Q4 | 数据分流：纯做多(SH-only, 已剔除PUT/CALL虚增)
| 标的 | 发行人全称 | 增持/建仓额 |
|---|---|---|
| ▸ 大幅增持 (Top 10) | ||
| CATERPILLAR | CATERPILLAR INC | +$861M+23.7% |
| DEERE & CO | DEERE & CO | +$348M+21.0% |
| CANADIAN NAT | CANADIAN NATL RY CO | +$203M+4.0% |
| FEDEX CORP | FEDEX CORP | +$161M+23.3% |
| WALMART INC | WALMART INC | +$108M+11.6% |
| MADISON SQUA | MADISON SQUARE GRDN SPRT COR | +$37M+24.3% |
| ECOLAB INC | ECOLAB INC | +$18M+1.3% |
| COCA-COLA FE | COCA-COLA FEMSA SAB DE CV | +$18M+3.0% |
| ANHEUSER BUS | ANHEUSER BUSCH INBEV SA NV | +$9M+8.3% |
| PACCAR INC | PACCAR INC | +$6M+5.5% |
| 标的 | 发行人全称 | 减持/清仓额 |
|---|---|---|
| ▸ 大幅减持 (Top 10) | ||
| BERKSHIRE HA | BERKSHIRE HATHAWAY INC DEL | $-1.6B-16.3% |
| SCHRODINGER | SCHRODINGER INC | $-46M-36.5% |
| COUPANG INC | COUPANG INC | $-44M-20.0% |
| WASTE CONNEC | WASTE CONNECTIONS INC | $-26M-7.4% |
| DANAHER CORP | DANAHER CORPORATION | $-15M-17.2% |
| WEST PHARMAC | WEST PHARMACEUTICAL SVSC INC | $-11M-8.9% |
| ON HLDG AG | ON HLDG AG | $-6M-26.8% |
| WASTE MGMT I | WASTE MGMT INC DEL | $-5M-0.1% |
| KRAFT HEINZ | KRAFT HEINZ CO | $-4M-7.3% |
| HORMEL FOODS | HORMEL FOODS CORP | $-2M-4.4% |
| ▸ 已清仓 (Top 5) | ||
| MICROSOFT COEXIT | MICROSOFT CORP | -100.0% |
本季度增仓积极，共10个仓位显著增持（合计+$1.8B），0个全新建仓（合计$0）。增量资金集中涌入Industrials板块（5/10笔），代表标的：CATERPILLAR INC、DEERE & CO、CANADIAN NATL RY CO。
获利了结积极：10个仓位减持（-$5.5B），1个清仓（-$3.7B）。减仓高度集中于Technology板块（1/11笔），
板块轮动特征显著：Industrials +10.8%，Consumer +1.0%；Financials-1.8%，Technology -10.5%。结构分化清晰。
大幅减持TMT(-11pp)，转向工业(+11pp)与消费(+1pp)，风格切向价值周期