MINING FUND DASHBOARD
费舍尔投资 — 矿业板块最新季度持仓分析
主权/被动指数 · 2026Q2 vs 2026Q1 · 净市值 $9.4B · 19只标的
▲ Top Net Inflows (净增持)
| 标的名称 | 品类 | 净变动/变动率 |
|---|---|---|
| ▲ FREEPORT MCMORAN INC | Copper / Base Metals | +$383M +10.0% |
| ▲ BHP GROUP LTD | Diversified Miners | +$291M +16.8% |
| ▲ SOUTHERN COPPER CORP COM | Copper / Base Metals | +$89M +22.4% |
| ▲ RIO TINTO PLC ADR | Diversified Miners | +$84M +4.5% |
| ▲ KAISER ALUMINUM CORP | Aluminum / Base Metals | +$32M +88.1% |
| ▲ CENTURY ALUM CO | Aluminum / Base Metals | +$21M +41.3% |
| ▲ METALLUS INC | Steel | +$567K +48.3% |
| 🆕 ISHARES GLOBAL METALS MINING | Other Mining | 首次建仓 |
| 🆕 CLEVELAND CLIFFS INC NEW | Iron Ore | 首次建仓 |
| 🆕 SPDR GOLD TR GOLD SHS | Gold / Silver ETF | 首次建仓 |
| 🆕 ISHARES GOLD TR ISHARES NEW | Gold / Silver ETF | 首次建仓 |
| 🆕 AGNICO EAGLE MINES LTD | Gold / Silver | 首次建仓 |
▼ Top Net Outflows (净减持)
| 标的名称 | 品类 | 净变动/变动率 |
|---|---|---|
| ▼ VALE S A ADR | Diversified Miners | $-17M -4.7% |
| ▼ CAMECO CORP | Uranium | $-235K -32.7% |
| ▼ NEWMONT CORP | Gold / Silver | $-129K -12.8% |
| ✕ KINROSS GOLD CORP | Gold / Silver | -100.0% |
| ✕ BARRICK GOLD CORP | Gold / Silver | -100.0% |
| ✕ WHEATON PRECIOUS METALS CORP | Royalty / Streaming | -100.0% |
| ✕ WORLD GOLD TR SPDR GLD MINIS | Other Mining | -100.0% |
| ✕ I 80 GOLD CORP | Gold / Silver | -100.0% |
◆ Core Holdings & Allocation (核心持仓)
Top 5 重仓股
FREEPORT MCMORAN INC$4.2B (45.01%)
BHP GROUP LTD$2.0B (21.69%)
RIO TINTO PLC ADR$2.0B (20.99%)
SOUTHERN COPPER CORP COM$486M (5.20%)
VALE S A ADR$341M (3.65%)
商品配置矩阵 (QoQ)
Copper / Base Metals-0.7%51.0% → 50.2%
Diversified Miners-1.6%47.9% → 46.3%
Aluminum / Base Metals+0.4%1.0% → 1.5%
Other Mining+1.8%0.0% → 1.8%
📈 增持复盘分析
本季度费舍尔投资矿业总敞口$9.4B（2026Q2），较上季+$1.1B(+12.8%)持仓19只矿业标的。主力增仓赛道锁定Copper / Base Metals，核心敞口集中在Copper / Base Metals（50.2%权重）。
📉 减持复盘分析
减持端主要动向集中在Diversified Miners板块，其中VALE S A ADR净流出$-17M，反映出对前期拥挤品种的战术性获利了结。整体减仓有序，未见恐慌性清仓信号。
🔄 行业轮动特征
商品配置结构演变：Other Mining +1.8%；Diversified Miners -1.6%。该基金在矿业配置上展现出主权/被动指数的典型特征，以ETF化/指数化被动配置为主逻辑。
⚠ 投研核心关注
出现5只标的清仓，需核实是否为策略性清理｜大额新建仓ISHARES GLOBAL METALS MINING，关注后续持仓稳定性
MINING DASHBOARD · Fisher Invest · 2026Q2 · 2026-08-18 16:10