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) | ||
| NVIDIA CORPO | NVIDIA CORPORATION | +$278M+171.2% |
| LINDE PLC | LINDE PLC | +$258M+475.2% |
| BROADCOM INC | BROADCOM INC | +$245M+79643.4% |
| SANDISK CORP | SANDISK CORP | +$221M+77.0% |
| JPMORGAN CHA | JPMORGAN CHASE & CO | +$202M+29821.8% |
| BARRICK MNG | BARRICK MNG CORP | +$169M+308.1% |
| MERCADOLIBRE | MERCADOLIBRE | +$153M+275.2% |
| ARGAN INC | ARGAN INC | +$145M+77.4% |
| ILLINOIS TOO | ILLINOIS TOOL WKS INC | +$142M+473.3% |
| MCDONALDS CO | MCDONALDS CORP | +$141M+503.6% |
| ▸ 新建仓位 (Top 5) | ||
| APPLE INCNEW | APPLE INC | 首次建仓市值 $781M |
| NEWMONT CORPNEW | NEWMONT CORP | 首次建仓市值 $181M |
| AMERICAN EXPNEW | AMERICAN EXPRESS CO | 首次建仓市值 $167M |
| BLACKSTONE INEW | BLACKSTONE INC | 首次建仓市值 $165M |
| META PLATFORNEW | META PLATFORMS INC | 首次建仓市值 $145M |
| 标的 | 发行人全称 | 减持/清仓额 |
|---|---|---|
| ▸ 大幅减持 (Top 10) | ||
| NETFLIX INC | NETFLIX INC | $-673M-100.0% |
| COSTCO WHSL | COSTCO WHSL CORP NEW | $-578M-96.8% |
| PALANTIR TEC | PALANTIR TECHNOLOGIES INC | $-542M-34.6% |
| TESLA INC | TESLA INC | $-534M-87.2% |
| MICROSOFT CO | MICROSOFT CORP | $-329M-98.9% |
| SPOTIFY TECH | SPOTIFY TECHNOLOGY S A | $-247M-72.0% |
| ADVANCED MIC | ADVANCED MICRO DEVICES INC | $-225M-84.0% |
| REDDIT INC | REDDIT INC | $-222M-51.3% |
| CARVANA CO | CARVANA CO | $-216M-36.4% |
| COCA COLA CO | COCA COLA CO | $-210M-99.8% |
| ▸ 已清仓 (Top 5) | ||
| PROCTER AND EXIT | PROCTER AND GAMBLE CO | -100.0% |
| FORD MTR COEXIT | FORD MTR CO | -100.0% |
| GE VERNOVA IEXIT | GE VERNOVA INC | -100.0% |
| AMAZON COM IEXIT | AMAZON COM INC | -100.0% |
| SCHWAB CHARLEXIT | SCHWAB CHARLES CORP | -100.0% |
本季度增仓积极，共10个仓位显著增持（合计+$2.0B），5个全新建仓（合计$1.4B）。增量资金集中涌入Technology板块（5/15笔），代表标的：NVIDIA CORPORATION、BROADCOM INC。
防御性减仓显著：10个仓位减持（-$5.1B），5个完全清仓（-$1.4B），防御姿态明确。减仓高度集中于Technology板块（8/15笔），代表标的：NETFLIX INC、PALANTIR TECHNOLOGIE。
板块轮动特征显著：Industrials +3.4%，Mining +5.5%；Technology -5.2%，Healthcare-1.0%。结构分化清晰。
TMT小幅降权(-5pp)，工业微增(+3pp)，被动再平衡为主