FUND-LEVEL 13F POSITIONING DASHBOARD

Point72 · 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: 2026Q2 对比基准: 2026Q1 净市值: $90.7B 标的数: 2,310 仓位变动率: 1.6%

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)
CREDO TECHNO	CREDO TECHNOLOGY GROUP HOLDI	+$986M+131.1%
MKS INC.	MKS INC.	+$874M+5268.9%
MICRON TECHN	MICRON TECHNOLOGY INC	+$630M+171.3%
ADVANCED MIC	ADVANCED MICRO DEVICES INC	+$610M+156.1%
STATE STR SP	STATE STR SPDR S&P 500 ETF T	+$608M+37.5%
SEAGATE TECH	SEAGATE TECHNOLOGY HLDNGS PL	+$583M+214.8%
PROCTER & GA	PROCTER & GAMBLE CO	+$558M+137.3%
KEURIG DR PE	KEURIG DR PEPPER INC	+$436M+1641.6%
TEXAS INSTRS	TEXAS INSTRS INC	+$422M+2463.1%
JOHNSON & JO	JOHNSON & JOHNSON	+$409M+291.3%
▸ 新建仓位 (Top 5)
CARNIVAL CORNEW	CARNIVAL CORP LTD	首次建仓市值 $270M
ATMOS ENERGYNEW	ATMOS ENERGY CORP	首次建仓市值 $234M
FEDEX FGHT HNEW	FEDEX FGHT HLDG CO INC	首次建仓市值 $184M
INNIO NVNEW	INNIO NV	首次建仓市值 $178M
GSK PLCNEW	GSK PLC	首次建仓市值 $140M

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)
NVIDIA CORPO	NVIDIA CORPORATION	$-1.2B-80.8%
INVESCO QQQ	INVESCO QQQ TR	$-621M-71.9%
TERADYNE INC	TERADYNE INC	$-450M-66.5%
BOSTON SCIEN	BOSTON SCIENTIFIC CORP	$-328M-89.8%
INTUITIVE SU	INTUITIVE SURGICAL INC	$-306M-72.2%
PARKER-HANNI	PARKER-HANNIFIN CORP	$-242M-98.6%
ROSS STORES	ROSS STORES INC	$-241M-99.6%
DANAHER CORP	DANAHER CORP DEL	$-227M-97.9%
ANALOG DEVIC	ANALOG DEVICES INC	$-218M-60.1%
SPDR GOLD TR	SPDR GOLD TR	$-215M-74.7%
▸ 已清仓 (Top 5)
CARNIVAL COREXIT	CARNIVAL CORP	-100.0%
APELLIS PHAREXIT	APELLIS PHARMACEUTICALS INC	-100.0%
BRINKER INTLEXIT	BRINKER INTL INC	-100.0%
MEDLINE INCEXIT	MEDLINE INC	-100.0%
HYATT HOTELSEXIT	HYATT HOTELS CORP	-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

2.46%

2. CREDO TECHNOLOGY GROUP HOLDI

1.92%

3. AMAZON COM INC

1.37%

4. ASML HLDG NV

1.32%

5. ADVANCED MICRO DEVICES INC

1.10%

行业配置矩阵演变 (2026Q1 → 2026Q2)

核心行业

权重交叠 (2026Q1 → 2026Q2)

本季度增仓积极，共10个仓位显著增持（合计+$6.1B），5个全新建仓（合计$1.0B）。增量资金集中涌入Technology板块（6/15笔），代表标的：CREDO TECHNOLOGY GRO、MKS INC.、MICRON TECHNOLOGY IN。

防御性减仓显著：10个仓位减持（-$4.8B），5个完全清仓（-$783M），防御姿态明确。减仓高度集中于Technology板块（3/15笔），代表标的：NVIDIA CORPORATION、TERADYNE INC。

板块轮动特征显著：Technology +3.1%，Industrials +0.9%；Consumer -0.6%，ETF -0.9%。结构分化清晰。

TMT+3pp，Healthcare-2pp。AUM+16%